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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-10-20
Treasuries outlook: bond yields end off lows

Treasuries outlook: bond yields end off lows

US Treasuries ended little changed on Friday after yields earlier hit their lowest in nearly three months as investors bet that the Federal Reserve is unlikely to pare back its bond purchase program anytime soon and focused on the release of delayed gover
Published 20 Oct, 2013 12:00am
Scotland keen to work on small hydel projects in Punjab

Scotland keen to work on small hydel projects in Punjab

Scottish Minister for External Affairs and International Development, Humza Yousaf, here called on Punjab Chief Minister, Shahbaz Sharif Matters of mutual interests and promotion of bilateral relations were discussed during the meeting Scotland has expres
Published 20 Oct, 2013 12:00am
LCCI's Complaint Redressal Day tomorrow

LCCI's Complaint Redressal Day tomorrow

In a move to create business friendly atmosphere in the country, the Lahore Chamber of Commerce and Industry (LCCI) has made elaborate arrangements to observe "Complaint Redressal Day" on Monday (tomorrow). The purpose of the event is to make its members
Published 20 Oct, 2013 12:00am
Cleanliness during Eid: minister lauds efforts of KMC, DMCs

Cleanliness during Eid: minister lauds efforts of KMC, DMCs

Sindh Minister for Local Government, Owais Muzaffar has appreciated the efforts of the officers and staff of Karachi Municipal Corporation (KMC) and District Municipal Corporations (DMCs) for maintaining cleanliness in the metropolis during Eidul Azha.
Published 20 Oct, 2013 12:00am
Child born on PIA flight

Child born on PIA flight

A child was born onboard Pakistan International Airlines (PIA) flight PK-782 which is travelling from Toronto to Karachi. The flight landed at Jinnah International Airport, Karachi at 4:05pm. It is reported that the condition of the woman who delivered th
Published 20 Oct, 2013 12:00am
Authorities fail to ensure cleanliness on Eid days

Authorities fail to ensure cleanliness on Eid days

Contrary to its claims to ensure cleanliness during Eidul Azha, the city district government has failed disposed off offal and other animal waste, even fourth day of the Eidul Azha in the provincial capital Peshawar. The improper disposal of dampening of
Published 20 Oct, 2013 12:00am
Punjab plans security steps for Moharram

Punjab plans security steps for Moharram

Punjab Chief Minister, Shahbaz Sharif, on Saturday chairing a meeting on Moharram Security formed a committee chaired by Law Minister Rana Sanaullah. He asked the committee members to tour the province and see that security measures were properly introduc
Published 20 Oct, 2013 12:00am
Turkish envoy calls on Punjab chief minister

Turkish envoy calls on Punjab chief minister

Ambassador of Turkey in Pakistan, S Babur G Girgin called on Punjab Chief Minister Shahbaz Sharif, here on Saturday. Head of Corporation and Co-ordination Council of Turkey Dr Sirdar Cam, Member Board of Directors of Red Crescent of Turkey Kamil Kolabash,
Published 20 Oct, 2013 12:00am
LDA Directorate of Land Acquisition established

LDA Directorate of Land Acquisition established

Lahore Development Authority (LDA) Director General Ahad Khan Cheema has established Directorate of Land Acquisition in LDA, for efficiently handling matters of land for various development projects in the city. The directorate will function under the adm
Published 20 Oct, 2013 12:00am
Three-day moot on cardiac diseases from October 24

Three-day moot on cardiac diseases from October 24

International conference on "Cardiac Diseases and PIC Heart Talk 2013" will go a long way in enhancing the knowledge of young doctors reviewing the important cardiac aspects in Pakistan according to the international standards and guidelines. This was inf
Published 20 Oct, 2013 12:00am
AJK government offered help to revive seed laboratories

AJK government offered help to revive seed laboratories

Federal Seed Certification and Registration Department has offered the government of Azad Jammu and Kashmir (AJK) to help it revive two seed laboratories situated in Muzaffarabad and Mirpur for strengthening the seed production system in this area which a
Published 20 Oct, 2013 12:00am
Jamaat-i-Islami asks Nawaz to discuss Aafia's release with Obama

Jamaat-i-Islami asks Nawaz to discuss Aafia's release with Obama

Ameer, Jamaat-i-Islami, Syed Munawar Hasan has said the 86 years jail term to Dr Aafia Siddiqui without any evidence was the murder of justice and also a big question mark on the US judicial system. He has called upon the Prime Minister Nawaz Sharif to pr
Published 20 Oct, 2013 12:00am
MCCI seeks proposals to upgrade civic infrastructure

MCCI seeks proposals to upgrade civic infrastructure

Multan Chamber is finalising its proposals and recommendations for providing healthy atmosphere and potable water besides providing civic infra-structure like serviceable roads, paved streets, unchoked drainage and sewerage system. Multan Chamber of Comme
Published 20 Oct, 2013 12:00am
Punjab-based textile mills: power supply continues during Eid holidays

Punjab-based textile mills: power supply continues during Eid holidays

Power supply to the Punjab-based energy-stricken textile mills continued during Eid holidays. Strong apprehensions on continuous power supply had gripped industry circles before Eid. It was generally believed that power supply will remain suspended in ord
Published 20 Oct, 2013 12:00am
PIAF criticises government over weeklong Eid holidays

PIAF criticises government over weeklong Eid holidays

Pakistan Industrial and Traders Associations Front (PIAF) on Saturday took a strong exception to the decision of announcing October 18 (Friday) as holiday, which caused a huge loss to the trade and industry and deprived the exchequer of much needed revenu
Published 20 Oct, 2013 12:00am
Government urged to exempt leather units from power, gas outages

Government urged to exempt leather units from power, gas outages

The government should exempt the Southern Punjab industry from power and gas load shedding for next three months, so that value added industry could meet the Christmas demand. President of Multan Chamber of Commerce & Industry (MCCI) Khawaja Muhammad Usma
Published 20 Oct, 2013 12:00am
LCCI hails municipal departments for keeping city clean

LCCI hails municipal departments for keeping city clean

The Lahore Chamber of Commerce and Industry (LCCI) on Saturday appreciated City District Government Lahore (CDGL), Lahore Waste Management Company (LWMC) and Water and sanitation Authority (WASA) for keeping the city clean and environmentally healthy duri
Published 20 Oct, 2013 12:00am
Imran urges government to initiate peace talks with Taliban

Imran urges government to initiate peace talks with Taliban

Pakistan Tehrik-e-Insaf Chairman Imran Khan urged the government to initiate negotiations with Taliban without further delay, saying that talks are the only way for peace in the region. Talking to newsmen at Kulachi in Dera Ismail Khan on Saturday‚ PTI Ch
Published 20 Oct, 2013 12:00am
New York gold drops on profit taking

New York gold drops on profit taking

Gold fell on Friday as investors took profits after the previous session's 3 percent rally on expectations the partial US government shutdown will lead the Federal Reserve to postpone tapering of its bond-buying stimulus. The precious metal was up more th
Published 20 Oct, 2013 12:00am
Fire destroys 180,000 tons of sugar at Brazil port

Fire destroys 180,000 tons of sugar at Brazil port

A fire destroyed some 180,000 tons of sugar at several warehouses in the southern Brazilian port of Santos before it was contained, authorities said on Friday. Four people were injured in the blaze, which erupted in warehouses owned by Copersucar, the wor
Published 20 Oct, 2013 12:00am
Copper seen plagued by slow demand, rising supply

Copper seen plagued by slow demand, rising supply

Analysts slashed their copper price forecasts for this year and next to levels below the 2012 average as the metal came under increased pressure from a weak outlook for demand and a surge in new supply, a Reuters poll showed. The 31 market participants su
Published 20 Oct, 2013 12:00am
Kinross won't expand in 2014 even if gold price soars

Kinross won't expand in 2014 even if gold price soars

Canadian miner Kinross Gold Corp will keep its main expansion in Mauritania on hold to 2015, no matter how far the gold price rises, as it plans to save rather than spend for now, its chief executive told Reuters. Kinross, which has assets in the Americas
Published 20 Oct, 2013 12:00am
Malaysia's average palm oil prices to be down 18 percent

Malaysia's average palm oil prices to be down 18 percent

Palm oil prices will be down an average 18.2 percent this year at 2,420 ringgit ($781) per tonne, pressured by high stock levels, according to a Reuters poll of 10 traders, analysts and government officials at an industry forum. Indonesia, the world's top
Published 20 Oct, 2013 12:00am
ICE cotton dips as harvest pressure builds

ICE cotton dips as harvest pressure builds

New York cotton futures suffered their largest losses in nine sessions on Friday, as harvest pressures powered speculator selling. The most-active December cotton contract on ICE Futures US closed down 0.71 cent, or 0.8 percent, at 83.11 cents a lb, after
Published 20 Oct, 2013 12:00am
Morgan Stanley trims third quarter commodity trading risk

Morgan Stanley trims third quarter commodity trading risk

Morgan Stanley trimmed its commodity trading risk in the third quarter from the previous quarter, the bank reported on Friday, but held its position as the Wall Street firm with the most money at play in the sector. Value-at-Risk (VaR) in commodities stoo
Published 20 Oct, 2013 12:00am
Cargill's expected cocoa coup rattles confectioners, dealers

Cargill's expected cocoa coup rattles confectioners, dealers

This past summer, European authorities took just six weeks to approve Barry Callebaut's $950 million purchase of Petra Foods' cocoa business, a deal that created the world's largest cocoa company with a quarter of the $10 billion market. The European Comm
Published 20 Oct, 2013 12:00am
Olam expects global cocoa deficit to widen

Olam expects global cocoa deficit to widen

Strong demand for cocoa is likely to widen the deficit in the global market in 2013/14 from the year before and help keep prices up around two-year highs, major commodities trader Olam International Ltd said on Wednesday. Prices of cocoa beans have surged
Published 20 Oct, 2013 12:00am
Maldives police halt presidential election; UK, US denounce delay

Maldives police halt presidential election; UK, US denounce delay

Maldives police forced a halt to a presidential election on Saturday, in what supporters of the leading candidate said looked like a new coup as they started a sit-down protest that blocked parts of the capital. Britain and the United States criticised th
Published 20 Oct, 2013 12:00am
Oil-laden train derails, ignites in Canada

Oil-laden train derails, ignites in Canada

An oil-bearing train derailed and ignited in western Canada Saturday, just months after the massive Lac-Megantic catastrophe highlighted the danger of transporting fuel by rail. Officials said the fire has not yet been contained in Gainsford, a town some
Published 20 Oct, 2013 12:00am
Cheney reveals defibrillator altered to thwart terrorists

Cheney reveals defibrillator altered to thwart terrorists

Dick Cheney, former president George W. Bush's right-hand man in the "war on terror," has revealed that his heart implant was altered to prevent terrorists from hacking into it. The former vice president, who has had a long history of heart troubles, call
Published 20 Oct, 2013 12:00am
Two Turkish pilots freed in Lebanon: state news agency

Two Turkish pilots freed in Lebanon: state news agency

Two Turkish Airlines pilots kidnapped in Beirut in August were freed on Saturday and handed over to Lebanese authorities, the official news agency NNA said. Their release came after nine Lebanese Shiites abducted by rebels in Syria 17 months ago were tran
Published 20 Oct, 2013 12:00am
Japan's typhoon death toll rises to 29

Japan's typhoon death toll rises to 29

The death toll from a typhoon that triggered massive landslides on a Japanese island rose to 29 on Saturday, as officials advised residents to take shelter in anticipation of more heavy rain. Around 1,200 troops, fire-fighters and police searched for 22 i
Published 20 Oct, 2013 12:00am
Soldiers with shopping bags in Kenya mall video: report

Soldiers with shopping bags in Kenya mall video: report

New CCTV footage from Nairobi's Westgate mall appears to shows Kenyan soldiers carrying loot out of the besieged mall, attacked exactly four weeks ago, the Nation newspaper reported Saturday. The report comes two days after members of parliament investiga
Published 20 Oct, 2013 12:00am
Shunned by Egypt, Hamas reaches out to Palestinian rival Abbas

Shunned by Egypt, Hamas reaches out to Palestinian rival Abbas

Hamas, its Gaza Strip stronghold cut off by the new military-backed government in Egypt, called upon rival Palestinian President Mahmoud Abbas on Saturday to end their six-year schism and form a unity government. Abbas's secular, US-backed Fatah faction l
Published 20 Oct, 2013 12:00am
Hollande says schoolgirl may return to France after expulsion

Hollande says schoolgirl may return to France after expulsion

President Francois Hollande said on Saturday that a 15-year-old schoolgirl whose expulsion from France has sparked uproar could return to pursue her studies but without her family, a compromise following criticism from left-wing allies. The outcry began a
Published 20 Oct, 2013 12:00am
Greece riveted by mystery of 'blonde angel'

Greece riveted by mystery of 'blonde angel'

Greek police have asked Interpol to help them track down the real parents of a blonde girl with green eyes who was found in a Roma camp in central Greece. Known as Maria, the four-year-old was spotted peeking out from under a blanket at a Roma settlement
Published 20 Oct, 2013 12:00am
Myanmar constitution must be changed before 2015 polls: Suu Kyi

Myanmar constitution must be changed before 2015 polls: Suu Kyi

Myanmar opposition leader Aung Suu Kyi on Saturday said the 2015 elections in her country will not be democratic without constitutional changes. "The constitution must be amended," the Nobel laureate said as she met European Commission head Jose Manuel Ba
Published 20 Oct, 2013 12:00am
Mubarak trial resumes in closed session

Mubarak trial resumes in closed session

A retrial of former Egyptian President Hosni Mubarak resumed on Saturday in a closed-door session in which top security officials gave testimony, state television said. Mubarak, 85, was sentenced to life in prison last year for complicity in the killing o
Published 20 Oct, 2013 12:00am
Titanic violin set to fetch record price

Titanic violin set to fetch record price

The violin played by the bandmaster of the Titanic as it sank beneath the waves is expected to fetch a world record fee for memorabilia from the doomed liner when it goes on sale Saturday. The instrument belonging to Wallace Hartley was found strapped to
Published 20 Oct, 2013 12:00am
Tunisian forces kill 10 Islamist militants

Tunisian forces kill 10 Islamist militants

Tunisian security forces have killed 10 Islamist militants near the border with Algeria during a three-day operation against gunmen who attacked police patrols in the remote northern region, the government said on Saturday. Prime Minister Ali Larayedh sai
Published 20 Oct, 2013 12:00am
ICC to 'review' Aamer's ban

ICC to 'review' Aamer's ban

Pakistan seamer Mohammad Aamer's five-year match-fixing ban will be "reviewed" after a "revised" anti-corruption code has been adopted by the International Cricket Council (ICC), the global governing body said Saturday. Officials plan to discuss, and poss
Published 20 Oct, 2013 12:00am
United stumble again, Arsenal keep flying

United stumble again, Arsenal keep flying

Manchester United's disappointing start to the Premier League season continued on Saturday as the champions were held to a 1-1 draw at home to high-flying Southampton. United's teenage winger Adnan Januzaj celebrated his new five-year contract by creating
Published 20 Oct, 2013 12:00am
Hafeez returns as Pakistan squad for ODI series announced

Hafeez returns as Pakistan squad for ODI series announced

Batsman Umar Akmal and pacer Wahab Riaz have been recalled as Pakistan Cricket Board (PCB) on Saturday announced the 16-member ODI squad for the home series against South Africa in UAE. Batsman Sohaib Maqsood, who played two T20s in Zimbabwe, has also bee
Published 20 Oct, 2013 12:00am
ICC extends Bangladesh World T20 deadline

ICC extends Bangladesh World T20 deadline

Bangladesh's deadline for getting its stadiums ready for next year's World Twenty20 has been extended until November 30, the International Cricket Council said Saturday after a two-day board meeting in London. Concern has centred around the state of groun
Published 20 Oct, 2013 12:00am
Haas meets Haase for title after Tsonga crashes

Haas meets Haase for title after Tsonga crashes

Robin Haase upset top seed Jo-Wilfried Tsonga 7-5, 7-6 (7/4) to earn a Sunday final at the Austrian Open against German veteran Tommy Haas. Haas reached his third Vienna final as furious opponent Lukas Rosol cracked a racquet in half when facing six match
Published 20 Oct, 2013 12:00am
Kiessling apologises for scoring 'phantom goal'

Kiessling apologises for scoring 'phantom goal'

Bayer Leverkusen forward Stefan Kiessling has apologised for his goal against Hoffenheim on Friday after television pictures clearly showed that the ball had entered the net through a hole in the side. The German federation (DFB) confirmed that Hoffenheim
Published 20 Oct, 2013 12:00am
Misbah defies age and odds

Misbah defies age and odds

Last month Misbah-ul Haq was facing calls to be sacked as captain after Pakistan suffered embarrassing defeats in a one-day and Test series against minnows Zimbabwe. That came on the back of Pakistan's 3-0 humiliation at the hands of the number one ranked
Published 20 Oct, 2013 12:00am
Bayern close in on league record

Bayern close in on league record

Bayern Munich extended their unbeaten Bundesliga run to 34 games on Saturday by coming from behind for a 4-1 home win over Mainz to go back top of the Bundesliga. Having last lost in the German league back in October 2012, Bayern are now just two matches
Published 20 Oct, 2013 12:00am
Canadian dollar steadies on benign CPI data

Canadian dollar steadies on benign CPI data

The Canadian dollar was little changed on Friday after a benign inflation report and held steady against its US counterpart, which slipped to more than eight-month lows as the markets consider the economic impact of the US government shutdown and implicat
Published 20 Oct, 2013 12:00am
African currencies outlook: offshore inflows to help Ugandan shilling

African currencies outlook: offshore inflows to help Ugandan shilling

Dollar inflows from offshore investors buying Ugandan debt are expected to support the shilling in the next week. Kenya and Tanzania's shillings are likely to hold steady. Uganda's shilling is expected to strengthen over the next week, likely breaching th
Published 20 Oct, 2013 12:00am
Currency market probe reaches Asia as Hong Kong questions banks

Currency market probe reaches Asia as Hong Kong questions banks

Hong Kong is looking into suspected price manipulation in the $5.3 trillion-a-day global foreign exchange market, becoming the first authority in Asia to join Europe and the United States in the investigation. Several media reports have suggested that tra
Published 20 Oct, 2013 12:00am
Dollar, default and Bretton Woods III

Dollar, default and Bretton Woods III

As the dust settles on the global credit crisis, a new world financial order may be emerging - but one possibly more dependent than ever on the United States protecting the dollar's position as dominant reserve currency. Odd as that may seem against a bac
Published 20 Oct, 2013 12:00am
Dollar hits 8-1/2-month lows on worries about US economy

Dollar hits 8-1/2-month lows on worries about US economy

The dollar fell to eight-and-a-half-month lows against the euro and a currency basket on Friday on expectations the Federal Reserve will delay scaling back its monetary stimulus following this month's political battles over the US budget. Volume was thin
Published 20 Oct, 2013 12:00am
Rally in tightly managed yuan shows China leery of FX reform

Rally in tightly managed yuan shows China leery of FX reform

China's tolerance for a sustained yuan rally is reinforcing its commitment to wean the economy off of an export dependence, but unapologetic market meddling to hold back the pace of appreciation shows deep wariness of currency liberalisation. The decision
Published 20 Oct, 2013 12:00am
Emerging European currencies little changed

Emerging European currencies little changed

Emerging European currencies were little changed on Friday, propped up by expectations of continued loose US monetary policy, while the prospect of more interest rate cuts in Hungary was seen keeping pressure on the forint. Emerging markets worldwide have
Published 20 Oct, 2013 12:00am
Emerging European currencies little changed

Emerging European currencies little changed

Emerging European currencies were little changed on Friday, propped up by expectations of continued loose US monetary policy, while the prospect of more interest rate cuts in Hungary was seen keeping pressure on the forint. Emerging markets worldwide have
Published 20 Oct, 2013 12:00am
Latam currencies drop

Latam currencies drop

Latin American currencies weakened on Friday as investors pocketed part of recent gains spurred by expectations that US policymakers would keep their stimulus measures running for longer. The Brazilian real came off a four-month high while the Mexican pes
Published 20 Oct, 2013 12:00am
S&P breaks record, Google's stock tops $1,000 on earnings

S&P breaks record, Google's stock tops $1,000 on earnings

The S&P 500 closed at a record high for the second straight day on Friday to cap its biggest weekly gain in three months as stronger-than-expected earnings from Google, Morgan Stanley and others overshadowed worry that earnings growth was faltering. The r
Published 20 Oct, 2013 12:00am
Treasuries outlook: bond yields end off lows

Treasuries outlook: bond yields end off lows

US Treasuries ended little changed on Friday after yields earlier hit their lowest in nearly three months as investors bet that the Federal Reserve is unlikely to pare back its bond purchase program anytime soon and focused on the release of delayed gover
Published 20 Oct, 2013 12:00am
Argentina to pay $500 million to resolve disputes with foreign firms

Argentina to pay $500 million to resolve disputes with foreign firms

Argentina said on Friday it had agreed to pay about $500 million to resolve disputes with several European and US corporations as it seeks to rebuild foreign investor confidence amid a bitter court dispute with some bondholders. The payment will be made i
Published 20 Oct, 2013 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October 19, 2013).

Published 20 Oct, 2013 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

Bears dominated the money market on Saturday as all commercial centres reopened trading after closure of four-day holidays on account of Eidul Azha, dealers said. The rupee shed 10 paisa against the dollar for buying and selling at Rs 106.20 and Rs 106.30
Published 20 Oct, 2013 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

Bears dominated the money market on Saturday as all commercial centres reopened trading after closure of four-day holidays on account of Eidul Azha, dealers said. The rupee shed 10 paisa against the dollar for buying and selling at Rs 106.20 and Rs 106.30
Published 20 Oct, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 19, 2013).

Published 20 Oct, 2013 12:00am
Indian sugar rises on export deals, festival demand

Indian sugar rises on export deals, festival demand

Indian sugar futures rose on Friday on improvement in local demand due to a key festival and as mills signed deals to export raw sugar that could help in trimming the inventory. Indian traders have struck deals to export about 175,000 tonnes of raw sugar
Published 20 Oct, 2013 12:00am
Prices fluctuate amid post-holiday session

Prices fluctuate amid post-holiday session

Prices moved cautiously on the cotton market on Saturday amid post-holiday session, dealers said. "The official spot rate was unchanged at Rs 6900. Prices of seed cotton in Sindh per 40 kg (low type) fell by Rs 300 to Rs 2200 while the best quality gained
Published 20 Oct, 2013 12:00am
China to launch two new rice futures contracts

China to launch two new rice futures contracts

China, the world's top rice producer and consumer, has approved the launch of two more rice futures contracts on the Zhengzhou Commodity Exchange, said a government spokesman on Friday. The China Securities Regulatory Commission (CSRC) has approved future
Published 20 Oct, 2013 12:00am
Price differentials for Colombian beans fall in Europe's coffee market

Price differentials for Colombian beans fall in Europe's coffee market

Price differentials for Colombian beans fell in Europe's cash coffee market this week on expectations of a larger harvest following several years of poor crops, traders said on Friday. Differentials for Colombia Excelso beans for November/December shipmen
Published 20 Oct, 2013 12:00am
US natural gas futures end slightly higher

US natural gas futures end slightly higher

US natural gas futures ended slightly higher on Friday after some early selling, driven by short covering after three straight losing sessions and ahead of colder weather next week that should increase gas used for heating. The front contract, which poste
Published 20 Oct, 2013 12:00am
Indonesia to allow imports of 3.8 million tonnes of raw sugar

Indonesia to allow imports of 3.8 million tonnes of raw sugar

Indonesia will allow imports of 3.8 million tonnes of raw sugar this year, an industry ministry official said on Friday, up by a third from an earlier forecast as the world's top importer looks to meet soaring industrial demand. Raw sugar imports stood at
Published 20 Oct, 2013 12:00am
Indian soyabeans, soyaoil steady; rapeseed drops

Indian soyabeans, soyaoil steady; rapeseed drops

Indian soyabean and soyaoil futures were treading water on Friday as profit-taking driven by a likely rise in soyabean supplies offset healthy demand for edible oils due to festivals. Rapeseed futures fell on weak demand and a likely rise in the acreage.
Published 20 Oct, 2013 12:00am
Wheat export premiums steady to firm

Wheat export premiums steady to firm

Wheat export premiums at the US Gulf Coast were steady to firm on Friday on good export demand, while soyabean and corn basis offers were unchanged in mostly quiet trade. Brazilian millers inquired about more US hard red winter wheat imports, mostly for N
Published 20 Oct, 2013 12:00am
European soyaoil rises in wake of Chicago

European soyaoil rises in wake of Chicago

Soyaoil was buoyed by firm US prices in Europe on Wednesday, palmoil was supported by strong Malaysian markets while rapeseed eased in late trade as prices neared what traders saw as a resistance. European soyaoil gained 10 euros at 730 euros a tonne, pul
Published 20 Oct, 2013 12:00am
India's September gold jewellery exports rise for second month

India's September gold jewellery exports rise for second month

Exports of gold jewellery from India rose for a second straight month in September, an industry body said on Friday, and was set to gain momentum going forward as supply pressures had been eased for exporters before the peak Christmas season in the US Ind
Published 20 Oct, 2013 12:00am
Vietnam sells 120,000 tons of rice to Philippines

Vietnam sells 120,000 tons of rice to Philippines

Vietnam has recently signed contracts to sell a total of 120,000 tonnes of rice to private companies in the Philippines, helping push up export prices by around 10 percent in recent weeks, traders said on Friday. Securing the Philippines contracts will co
Published 20 Oct, 2013 12:00am
Russia's grain exports to decline in October

Russia's grain exports to decline in October

Russia, a major wheat supplier, is expected to cut grain exports in October to between 2.6 million and 2.7 million tonnes due to rising competition with other exporters and weaker demand from traditional customers, SovEcon said. Grain prices in Russia, ex
Published 20 Oct, 2013 12:00am
Royal Mail valued higher than sale price

Royal Mail valued higher than sale price

Britain's Royal Mail was valued by some investment banks 50 percent higher than last week's public sale price, a newspaper reported, adding to a debate over whether the postal service was sold off too cheaply. In a report on Saturday, the Financial Times
Published 20 Oct, 2013 12:00am
Royal Mail valued higher than sale price

Royal Mail valued higher than sale price

Britain's Royal Mail was valued by some investment banks 50 percent higher than last week's public sale price, a newspaper reported, adding to a debate over whether the postal service was sold off too cheaply. In a report on Saturday, the Financial Times
Published 20 Oct, 2013 12:00am
OECD criticises US debt deal, sees no real solution

OECD criticises US debt deal, sees no real solution

A deal averting the risk of default in the United States this week does not offer a real solution to problems posed by US disputes over debt, the head of the Organisation for Economic Co-operation and Development (OECD) said on Friday. Global markets were
Published 20 Oct, 2013 12:00am
OECD criticises US debt deal, sees no real solution

OECD criticises US debt deal, sees no real solution

A deal averting the risk of default in the United States this week does not offer a real solution to problems posed by US disputes over debt, the head of the Organisation for Economic Co-operation and Development (OECD) said on Friday. Global markets were
Published 20 Oct, 2013 12:00am
Russia to follow Europe in mass oil refinery closures

Russia to follow Europe in mass oil refinery closures

Several Russian refineries are likely to shut in a few years, mirroring the current European crisis in which dozens of plants closed as they failed to compete with modern rivals in Asia and the Middle East, one of Russia's top industry players said.
Published 20 Oct, 2013 12:00am
Osborne says actively considering RBS 'bad bank'

Osborne says actively considering RBS 'bad bank'

British finance minister George Osborne said his ministry was actively looking at breaking up the state-backed Royal Bank of Scotland to create a "bad bank" to house its problem loans, the Daily Telegraph newspaper reported on Friday. Osborne, who asked i
Published 20 Oct, 2013 12:00am
Obama urges Congress to ditch politics of crisis

Obama urges Congress to ditch politics of crisis

The US Congress must stop stumbling from crisis to crisis and join together to create jobs and get things done, President Barack Obama said Saturday in his weekly radio address. Speaking just two days after Congress reached an 11th-hour accord to end a 16
Published 20 Oct, 2013 12:00am
Indian Prime Minister heads to Russia, China to boost trade

Indian Prime Minister heads to Russia, China to boost trade

India's Manmohan Singh embarks Sunday on one of his last major foreign trips as prime minister, heading to Russia and China to strengthen trade ties and address a long-running border dispute. The 81-year-old, who is expected to stand down after elections
Published 20 Oct, 2013 12:00am
Argentina to pay $500 million to resolve disputes with foreign firms

Argentina to pay $500 million to resolve disputes with foreign firms

Argentina said on Friday it had agreed to pay about $500 million to resolve disputes with several European and US corporations as it seeks to rebuild foreign investor confidence amid a bitter court dispute with some bondholders. The payment will be made i
Published 20 Oct, 2013 12:00am
Twitter picks NYSE for IPO even as losses widen

Twitter picks NYSE for IPO even as losses widen

Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs. The online messaging service's decision to go with the older exchange deals a blow to the tech
Published 20 Oct, 2013 12:00am
German Bunds rise

German Bunds rise

German Bunds rose on Friday on the view that the stopgap US debt deal may hurt the longer-term growth prospects of the world's largest economy and deter the Fed from running down its bond-buying until next year. Other euro zone bonds were also broadly fir
Published 20 Oct, 2013 12:00am
As stock splits wane, more may follow Google to $1,000

As stock splits wane, more may follow Google to $1,000

With its surge on Friday, Google Inc became the latest member, though not likely the last, of a tiny fraternity of companies that boast $1,000 share prices. In a market where stock splits have become rarer, there may be more of this to come than just the
Published 20 Oct, 2013 12:00am
Uranium One to delist shares

Uranium One to delist shares

Canadian miner Uranium One Inc, which Russian nuclear corporation Rosatom just took private, will delist from the Toronto Stock Exchange and the Johannesburg Stock Exchange on October 21 and October 22, respectively, its parent firm said on Saturday. Last
Published 20 Oct, 2013 12:00am
Angola 2014 draft budget bill forecasts GDP growth of 8.8 percent

Angola 2014 draft budget bill forecasts GDP growth of 8.8 percent

Angola's government has forecast gross domestic product growth of 8.8 percent in 2014 with consumer inflation expected between 7 and 9 percent, according to a draft budget bill discussed by the cabinet's economic commission late on Friday. The announcemen
Published 20 Oct, 2013 12:00am
Schlumberger, Baker top estimates with global drilling

Schlumberger, Baker top estimates with global drilling

Increased oilfield activity in US offshore waters and overseas gave a bigger-than-expected lift to profits at Schlumberger Ltd and Baker Hughes Inc, marking a clear divide with struggling smaller US oil services firms. Shares of Baker Hughes jumped 8 perc
Published 20 Oct, 2013 12:00am
German Bunds rise

German Bunds rise

German Bunds rose on Friday on the view that the stopgap US debt deal may hurt the longer-term growth prospects of the world's largest economy and deter the Fed from running down its bond-buying until next year. Other euro zone bonds were also broadly fir
Published 20 Oct, 2013 12:00am
Fertiliser firm Yara considers big US investment

Fertiliser firm Yara considers big US investment

Norwegian fertiliser firm Yara posted a 23 percent drop in third-quarter core earnings as Chinese overproduction dragged prices lower, and said it was considering a major investment in the United States to increase its presence there. Yara, the world's bi
Published 20 Oct, 2013 12:00am
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