News Archives for Print - 2013-10-20

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

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (October 19, 2013).

Published 20 Oct, 2013 12:00am

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

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

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (October 19, 2013).

Published 20 Oct, 2013 12:00am

Member to Member

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

Published 20 Oct, 2013 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 20 Oct, 2013 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (October 19, 2013).

Published 20 Oct, 2013 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 20 Oct, 2013 12:00am

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 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, 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 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 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 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 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 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

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

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 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, 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

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

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

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

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

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'

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

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

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 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

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

India business chiefs warn of 'atmosphere of fear'

India's top business groups have warned of an "atmosphere of fear" enveloping corporate circles and bureaucrats that could hurt economic recovery after police accused a leading industrialist of corruption. The Central Bureau of Investigation (CBI) earlier

Published 20 Oct, 2013 12:00am

GM has restarted production of Tavera vehicles in India

General Motors Co has restarted the production of its Tavera sport-utility vehicles in India after receiving regulatory approvals, a company executive said on Saturday. In July, GM recalled 114,000 Tavera vehicles, citing issues relating to emission stand

Published 20 Oct, 2013 12:00am

J.P Morgan in $4 billion deal with US housing agency

J.P. Morgan Chase & Co has reached a tentative $4 billion deal with the US Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold them during the housing boom, acc

Published 20 Oct, 2013 12:00am

Draghi has asked to delay bank bail-in plans

Mario Draghi, European Central Bank head, wrote to the European Commission last month asking that bondholders be spared any losses in the event of a bank rescue until a Europe-wide banking union is fully operational, la Repubblica newspaper reported on Sa

Published 20 Oct, 2013 12:00am

Draghi has asked to delay bank bail-in plans

Mario Draghi, European Central Bank head, wrote to the European Commission last month asking that bondholders be spared any losses in the event of a bank rescue until a Europe-wide banking union is fully operational, la Repubblica newspaper reported on Sa

Published 20 Oct, 2013 12:00am

Interpublic results miss estimates

Interpublic Group of Cos reported lower-than-expected quarterly results due to weak demand in Europe, and warned that the US shutdown could hurt the current quarter. Shares fell as much as 6.3 percent to $15.98 on Friday. Organic revenue growth from conti

Published 20 Oct, 2013 12:00am

Interpublic results miss estimates

Interpublic Group of Cos reported lower-than-expected quarterly results due to weak demand in Europe, and warned that the US shutdown could hurt the current quarter. Shares fell as much as 6.3 percent to $15.98 on Friday. Organic revenue growth from conti

Published 20 Oct, 2013 12:00am

Pressure mounts on Nissan as UAW targets US plant

The United Auto Workers is ratcheting up pressure on Nissan in the hopes it may finally succeed at organising the Japanese automaker's plant in the typically anti-union southern US state of Mississippi. It has taken its campaign to the world stage in a bi

Published 20 Oct, 2013 12:00am

Mexico growth picking up but risks prevail

The Mexican economy appears to have strengthened in the third quarter but downside risks to growth prevail, a central bank member said on Friday, and a poll showed policymakers will likely cut interest rates next week. Mexico's economy contracted in the s

Published 20 Oct, 2013 12:00am

India Prime Minister says satisfied with coal block allocations despite inquiry

Indian Prime Minister Manmohan Singh is satisfied with the outcome of the process of allocating coal blocks to certain companies, his office said on Saturday as federal police proceed with an investigation into the system.

Published 20 Oct, 2013 12:00am

American Air parent AMR posts better quarterly results

American Airlines parent AMR Corp reported improved third-quarter results on Thursday, aided by bankruptcy cost-cutting. The carrier, which is looking to emerge from Chapter 11 protection by merging with US Airways Group Inc, had net income of $289 millio

Published 20 Oct, 2013 12:00am

American Air parent AMR posts better quarterly results

American Airlines parent AMR Corp reported improved third-quarter results on Thursday, aided by bankruptcy cost-cutting. The carrier, which is looking to emerge from Chapter 11 protection by merging with US Airways Group Inc, had net income of $289 millio

Published 20 Oct, 2013 12:00am

Canada inflation 1.1 percent in September

Canadians paid 1.1 percent more for goods and services in September than a year ago, led by higher rents and heating costs, the government said Friday. The inflation figure was slightly more than analysts had forecast, and unchanged from the previous mont

Published 20 Oct, 2013 12:00am

Morgan Stanley commodity revenues up 'modestly' as bank waits on Fed

Morgan Stanley's commodity revenues were up modestly in the third quarter, the bank said on Friday, extending a mild recovery, as the company awaits a decision from the Federal Reserve on the future of its physical trading business. Speaking on the bank's

Published 20 Oct, 2013 12:00am

Morgan Stanley commodity revenues up 'modestly' as bank waits on Fed

Morgan Stanley's commodity revenues were up modestly in the third quarter, the bank said on Friday, extending a mild recovery, as the company awaits a decision from the Federal Reserve on the future of its physical trading business. Speaking on the bank's

Published 20 Oct, 2013 12:00am

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

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

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

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

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

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

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

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

TSX extends two-year high

Canada's main stock index capped a stellar week with further gains on Friday, extending a two-year peak as industrial and resource stocks gained on data showing the Chinese economy, the world's second-biggest, grew at its fastest pace this year. Adding to

Published 20 Oct, 2013 12:00am

Privately held Rice Energy prepares IPO

Privately-held natural gas exploration and production company Rice Energy is planning for an initial public offering that could value the company at as much as $2.5 billion, according to people familiar with the matter. Rice Energy, which was founded by a

Published 20 Oct, 2013 12:00am

Indian bonds gain

Indian government bonds rose for a second consecutive session on Friday after the central bank said the dollar window for oil companies would remain open, although debt markets posted their first weekly fall in three on fears of rising inflation. The Rese

Published 20 Oct, 2013 12:00am

Indian bonds gain

Indian government bonds rose for a second consecutive session on Friday after the central bank said the dollar window for oil companies would remain open, although debt markets posted their first weekly fall in three on fears of rising inflation. The Rese

Published 20 Oct, 2013 12:00am

Brazil stocks gain

Brazil's benchmark stock index rose almost 1 percent on Friday after data showed economic growth in key trade partner China quickened to its fastest pace of the year. Brazil's Bovespa index rose 0.82 percent to 55,811, adding to gains of more than 20 perc

Published 20 Oct, 2013 12:00am

Nasdaq eyes strongest year for IPOs since 2007

Nasdaq OMX will have its strongest year for IPOs since 2007 with a total of 120 companies listing in 2013 thanks to economic recovery in the United States and rising interest rates, a senior official said on Wednesday. Bruce Aust, executive vice president

Published 20 Oct, 2013 12:00am

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Currency	Rate
USD PKR Interbank Selling / Jan 16	279.06
USD PKR Interbank Buying / Jan 16	278.86
USD to Japanese Yen / Jan 16	155.12
USD to Swiss Franc / Jan 16	0.91
Pound Sterling to USD / Jan 16	1.22
Euro to USD / Jan 16	1.03

Stock	Volume
S&P 500 / Jan 16	5,937.34
India Sensex / Jan 16	77,042.82
Tokyo Nikkei / Jan 16	38,572.60
Nasdaq / Jan 16	19,338.29
Hang Seng / Jan 16	19,522.89
FTSE 100 / Jan 16	8,391.90
Dow Jones / Jan 16	43,153.13
Germany DAX 30 / Jan 16	20,655.39

Item	Value
Crude Oil USD/Barrel / Jan 16	78.66
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Gold Spot USD/Ounce / Jan 16	2,745.70
Cotton US¢/pound / Jan 16	66.73
Petrol/Litre / Jan 17	256.13

Stock	Price
First Capital Equities / Jan 16 First Capital Equities Limited(FCEL)	6.98 ▲ 0.91 (14.99%)
Jahangir Sidd(Pref) / Jan 16 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 1.00 (11.76%)
Kohinoor Power / Jan 16 Kohinoor Power Company Limited(KOHP)	7.70 ▲ 0.76 (10.95%)
Gulistan Sp. / Jan 16 Gulistan Spinning Mills Limited(GUSM)	12.82 ▲ 1.17 (10.04%)
LSE Financial Serv. / Jan 16 LSE Financial Services Limited(LSEFSL)	19.24 ▲ 1.75 (10.01%)
AN Textile Mill / Jan 16 AN Textile Mills Limited(ANTM)	11.66 ▲ 1.06 (10.00%)
Ashfaq Textile / Jan 16 Ashfaq Textile Mills Limited(ASHT)	14.63 ▲ 1.33 (10.00%)
Dewan Motors / Jan 16 Dewan Farooque Motors Limited(DFML)	45.74 ▲ 4.16 (10.00%)
D.M. Textile / Jan 16 D.M. Textile Mills Limited(DMTX)	77.59 ▲ 7.05 (9.99%)

Stock	Price
Sakrand Sugar / Jan 16 Sakrand Sugar Mills Limited(SKRS)	11.17 ▼ -1.24 (-9.99%)
Ellcot Spinning / Jan 16 Ellcot Spinning Mills Limited(ELSM)	104 ▼ -11.14 (-9.68%)
Pak Gulf Leasing / Jan 16 Pak-Gulf Leasing Company Limited(PGLC)	20.70 ▼ -2.20 (-9.61%)
Al-Khair Gadoon / Jan 16 Al-Khair Gadoon Limited(AKGL)	34.50 ▼ -3.47 (-9.14%)
Agritech Non-voting / Jan 16 Agritech Non-Voting Preference(AGLNCPS)	20 ▼ -2.00 (-9.09%)
Crescent Fib. / Jan 16 Crescent Fibres Limited(CFL)	40.13 ▼ -3.87 (-8.80%)
Bela Auto / Jan 16 Bela Automotives Limited(BELA)	149 ▼ -14.19 (-8.70%)
F.Credit & Inv / Jan 16 First Credit and Investment Bank Limited(FCIBL)	7.76 ▼ -0.69 (-8.17%)
Leiner Pak Gelat / Jan 16 Leiner Pak Gelatine Limited(LPGL)	117.25 ▼ -10.41 (-8.15%)

Stock	Volume
WorldCall Telecom / Jan 16 Worldcall Telecom Limited(WTL)	99,953,022 ▲ 0.06
Pak Refinery / Jan 16 Pakistan Refinery Limited(PRL)	56,858,715 ▼ -1.59
Cnergyico PK / Jan 16 Cnergyico PK Limited(CNERGY)	43,218,561 ▼ -0.27
TRG Pak Ltd / Jan 16 TRG Pakistan Limited(TRG)	29,668,408 ▼ -0.48
Hascol Petrol / Jan 16 Hascol Petroleum Limited(HASCOL)	23,576,635 ▼ -0.27
K-Electric Ltd. / Jan 16 K-Electric Limited(KEL)	20,043,975 ▼ -0.11
Dewan Motors / Jan 16 Dewan Farooque Motors Limited(DFML)	19,319,656 ▲ 4.16
Fauji Foods Ltd / Jan 16 Fauji Foods Limited(FFL)	17,813,006 ▼ -0.15
Citi Pharma Ltd / Jan 16 Citi Pharma Ltd.(CPHL)	14,000,265 ▼ -1.12

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