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Jan 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-10-25
European wheat futures hit 4-1/2 months high

European wheat futures hit 4-1/2 months high

European wheat futures hit new 4-1/2 month highs on Wednesday, supported by concerns about crop damage in rival exporters Australia and Argentina and underpinned by technical factors. January milling wheat, now the key benchmark for Paris-based futures, w
Published 25 Oct, 2013 12:00am
Oil cake market rates

Oil cake market rates

Deliveries were unchanged on the forward cottonseeds oilcake market on Thursday in process of trading, dealers said. The December vaida closed at Rs 953.80 and it opened at the same level in the morning session, they said. The January contract closed at R
Published 25 Oct, 2013 12:00am
Spot rate slides on easy supply

Spot rate slides on easy supply

Official spot rate, after maintaining a stable trend for a long time, dropped modestly on comfortable supply of seed cotton, dealers said on Thursday on the cotton market. The official spot rate was down by Rs 50 Rs 6850, they said. Prices of seed cotton
Published 25 Oct, 2013 12:00am
Cotton market mostly quiet

Cotton market mostly quiet

On Thursday, the domestic cotton market displayed a quiet disposition. Weakness on the New York cotton futures market, reports of bumper crop in India predicting record level of output and Chinese indecision regarding its cotton purchase policies have wea
Published 25 Oct, 2013 12:00am
Cotton market mostly quiet

Cotton market mostly quiet

On Thursday, the domestic cotton market displayed a quiet disposition. Weakness on the New York cotton futures market, reports of bumper crop in India predicting record level of output and Chinese indecision regarding its cotton purchase policies have wea
Published 25 Oct, 2013 12:00am
Canadian HC inaugurates solar irrigation plant

Canadian HC inaugurates solar irrigation plant

A solar irrigation plant was inaugurated by Canadian High Commissioner to Pakistan, Greg Giokas on Thursday in Khushpur village situated in the Faisalabad district. Khushpur village comprises of a total area of 2000 acres of agricultural land, of which un
Published 25 Oct, 2013 12:00am
65th foundation day of AJK celebrated

65th foundation day of AJK celebrated

The 65th foundation day of Azad Jammu Kashmir was celebrated with vehemence, passion and renewed commitment to intensify endeavour to rid Occupied Jammu and Kashmir from Indian subjugation and whole state annexation to Pakistan here on Thursday. Flag-hois
Published 25 Oct, 2013 12:00am
Rift within PPP Punjab ranks denied

Rift within PPP Punjab ranks denied

President PPP Punjab Manzoor Wattoo denied on Thursday any rift within party ranks, saying that the party was yet united and he was stressing party elections to strengthen political system of the country. He was reacting to the statement of former Parliam
Published 25 Oct, 2013 12:00am
Role of women in promotion of modern farm sector practices highlighted

Role of women in promotion of modern farm sector practices highlighted

Women farmers are playing a vital role in promotion of modern practices in the agriculture sector. This sector will help combat food insecurity and malnutrition affecting 58 percent of the population. It was the crux of a one-day seminar titled "improving
Published 25 Oct, 2013 12:00am
Tevta's three-day skill competition concludes

Tevta's three-day skill competition concludes

A three-day skill competition was held among the trainees of 11 technical colleges situated in seven districts of Technical Education and Vocational Training Authority (Tevta) Central Zone at Government College of Technology, Railway Road, Lahore. A large
Published 25 Oct, 2013 12:00am
BP wins big in Argentina LNG supply tender

BP wins big in Argentina LNG supply tender

Argentina's state-run energy firm YPF has picked BP to supply the bulk of its liquefied natural gas (LNG) needs in 2014 and 2015 following a major recent tender, a source with direct knowledge of the deal said. South America's No 3 economy last month laun
Published 25 Oct, 2013 12:00am
Colgate-Palmolive quarterly profit rises

Colgate-Palmolive quarterly profit rises

Colgate-Palmolive reported slightly higher third-quarter earnings on Thursday as it spent more on advertising and posted strong sales growth in Latin America, yet failed to show robust growth at home. Its shares fell 2 percent in morning trading. The toot
Published 25 Oct, 2013 12:00am
Colgate-Palmolive quarterly profit rises

Colgate-Palmolive quarterly profit rises

Colgate-Palmolive reported slightly higher third-quarter earnings on Thursday as it spent more on advertising and posted strong sales growth in Latin America, yet failed to show robust growth at home. Its shares fell 2 percent in morning trading. The toot
Published 25 Oct, 2013 12:00am
Jobless rate dips as Spain fights way out of recession

Jobless rate dips as Spain fights way out of recession

Spain announced Thursday a dip in its towering unemployment rate in the latest sign that the eurozone's fourth-largest economy is battling its way out of recession. The jobless rate eased for the second straight quarter to 25.98 percent in the third quart
Published 25 Oct, 2013 12:00am
Wal-Mart to open up to 110 new China stores

Wal-Mart to open up to 110 new China stores

Wal-Mart Stores Inc, the world's biggest retailer, is expanding its China business as it seeks to raise profitability in a slowing retail sector. Wal-Mart will open up to 110 facilities in China between 2014 and 2016, in addition to the 30 it has already
Published 25 Oct, 2013 12:00am
US firms lukewarm on doing business in China

US firms lukewarm on doing business in China

Less than 30 percent of the members of a US business lobby in China say investment conditions are improving in the world's second-largest economy, a survey showed Thursday. Chinese authorities and state-run media have repeatedly targeted foreign firms in
Published 25 Oct, 2013 12:00am
Fed proposes bank liquidity rules tougher than Basel

Fed proposes bank liquidity rules tougher than Basel

The Federal Reserve on Thursday proposed new liquidity rules for banks that are tougher than the international Basel III standards, aiming to address industry weaknesses exposed by the financial crisis. The Fed's proposed "liquidity coverage ratio" seeks
Published 25 Oct, 2013 12:00am
Santander enjoys profit recovery

Santander enjoys profit recovery

Spanish banking giant Santander, the largest in the eurozone by market value, announced Thursday a leap in third-quarter profits as it recovered from big write-offs a year earlier. Santander's net profit rose to 1.055 billion euros ($1.46 billion) in the
Published 25 Oct, 2013 12:00am
Santander enjoys profit recovery

Santander enjoys profit recovery

Spanish banking giant Santander, the largest in the eurozone by market value, announced Thursday a leap in third-quarter profits as it recovered from big write-offs a year earlier. Santander's net profit rose to 1.055 billion euros ($1.46 billion) in the
Published 25 Oct, 2013 12:00am
Obama demands House act on immigration

Obama demands House act on immigration

US President Barack Obama Thursday sought to capitalise on a moment of sharp Republican unpopularity by pressing his foes in Congress to pass a stalled immigration bill this year. Obama demanded action in the knowledge that the Republican Party is under p
Published 25 Oct, 2013 12:00am
Merchants agree basis for global cotton contract

Merchants agree basis for global cotton contract

A task force of cotton merchants has agreed the basis of a global futures contract, one of its members said on Thursday. This specification would likely form the basis for IntercontinentalExchange Inc's plans for the world's first international contract w
Published 25 Oct, 2013 12:00am
Eurozone business rally falters: PMI survey

Eurozone business rally falters: PMI survey

Eurozone business activity slowed in October, coming off a 27-month high in September to highlight concerns the economy is recovering only slowly from recession, a survey showed on Thursday. The closely-watched Composite Purchasing Manager's Index (PMI) c
Published 25 Oct, 2013 12:00am
Strong new orders lift China HSBC flash PMI to seven-month high

Strong new orders lift China HSBC flash PMI to seven-month high

Strong new orders drove the fastest expansion in China's manufacturing sector in seven months in October, a preliminary survey showed on Thursday, more evidence that the economy is stabilising although a strong rebound remains elusive. The flash PMI figur
Published 25 Oct, 2013 12:00am
AT&T posts revenue just below expectations

AT&T posts revenue just below expectations

AT&T Inc posted third quarter revenue on Wednesday that was slightly below Wall Street estimates, but net income was a penny ahead as the company worked to control costs. The No 2 US mobile service provider had a third-quarter profit of $3.81 billion, or
Published 25 Oct, 2013 12:00am
AT&T posts revenue just below expectations

AT&T posts revenue just below expectations

AT&T Inc posted third quarter revenue on Wednesday that was slightly below Wall Street estimates, but net income was a penny ahead as the company worked to control costs. The No 2 US mobile service provider had a third-quarter profit of $3.81 billion, or
Published 25 Oct, 2013 12:00am
French jobless claims surge to record high

French jobless claims surge to record high

French jobless claims rose in September by the highest margin since the depths of the financial crisis in early 2009, hitting a new record and dealing a blow to President Francois Hollande's pledge to quickly reverse rising unemployment. However, the Labo
Published 25 Oct, 2013 12:00am
US jobless claims stay elevated, manufacturing slows

US jobless claims stay elevated, manufacturing slows

The number of Americans filing new claims for unemployment benefits fell less than expected last week, but a lingering backlog of applications in California makes it difficult to get a good read of labour market conditions. While other data on Thursday sh
Published 25 Oct, 2013 12:00am
Hong Kong, Chinese shares down

Hong Kong, Chinese shares down

Hong Kong stocks closed 0.71 percent lower on Thursday despite upbeat data from China which showed manufacturing activity expanded to a seven-month high in October. The benchmark Hang Seng Index dipped 164.13 points to 22,835.82 on turnover of HK$65.25 bi
Published 25 Oct, 2013 12:00am
Qatar's bourse falls to three-week low, other markets up on earnings

Qatar's bourse falls to three-week low, other markets up on earnings

Qatar's bourse fell to a three-week low on Thursday as weak third-quarter earnings prompted many investors to look elsewhere for buying opportunities; other regional markets rose. Shares in heavyweight Qatar National Bank fell 1.7 percent to 160.0 riyals,
Published 25 Oct, 2013 12:00am
Southeast Asian markets: Malaysian shares at record high

Southeast Asian markets: Malaysian shares at record high

Malaysian shares inched higher to a record close on Thursday amid optimism about the country's fiscal deficit while Indonesian stocks climbed to their highest close in five weeks amid foreign inflows. Malaysia's main index added 0.3 percent, extending Wed
Published 25 Oct, 2013 12:00am
Tokyo stocks higher

Tokyo stocks higher

Tokyo stocks cast off earlier losses to finish 0.42 percent higher on Thursday as investor sentiment got a boost from upbeat Chinese manufacturing data. The benchmark Nikkei 225 index added 60.36 points to 14,486.41, while the Topix index of all first-sec
Published 25 Oct, 2013 12:00am
Thursday's early trade: stocks surge

Thursday's early trade: stocks surge

US stocks edged higher on Thursday, continuing the market's recent upward trend as expectations for steady accommodative monetary policy for the foreseeable future offset a mixed batch of earnings and economic data. The S&P 500 is on track for its tenth g
Published 25 Oct, 2013 12:00am
Wall Street ends down on weak earnings, Boeing rallies

Wall Street ends down on weak earnings, Boeing rallies

US stocks fell on Wednesday as shares of heavy-equipment maker Caterpillar and semiconductor companies tumbled after they reported earnings, ending the S&P 500's four-session streak of record high finishes. Results from Caterpillar Inc and Boeing Co, two
Published 25 Oct, 2013 12:00am
US yields slip to three-month low

US yields slip to three-month low

US Treasuries yields fell to their lowest in three months on Wednesday, prompted by more bets that the Federal Reserve will not pare its bond purchase stimulus until next year in the aftermath of a disappointing jobs report on Tuesday. Buying overnight he
Published 25 Oct, 2013 12:00am
US yields slip to three-month low

US yields slip to three-month low

US Treasuries yields fell to their lowest in three months on Wednesday, prompted by more bets that the Federal Reserve will not pare its bond purchase stimulus until next year in the aftermath of a disappointing jobs report on Tuesday. Buying overnight he
Published 25 Oct, 2013 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.2 percent on Thursday morning, weighed by chipmakers such as TSMC, after a host of US chipmakers gave quarterly revenue forecasts that disappointed Wall Street. The main TAIEX index had slid to 8,377.15 points about one and half an ho
Published 25 Oct, 2013 12:00am
European shares regain poise thanks to upbeat earnings, China

European shares regain poise thanks to upbeat earnings, China

European shares climbed back towards five-year highs on Thursday thanks to a clutch of strong corporate results and encouraging manufacturing data from top metals consumer China. Autos were the top-performing sector, rising 1.7 percent after Germany's Dai
Published 25 Oct, 2013 12:00am
India's BSE index hits 21,000 mark

India's BSE index hits 21,000 mark

India's benchmark BSE index retreated on Thursday from a near three-year high of above 21,000 on profit-taking, with software exporters including Tata Consultancy Services taking the brunt of the selling. The benchmark BSE index touched 21,039.42 before s
Published 25 Oct, 2013 12:00am
FTSE boosted to five-month high by earnings and banks

FTSE boosted to five-month high by earnings and banks

Britain's main share index rose on Thursday to a five-month high, boosted by strong earnings reports and a rebound in financial and basic material stocks. The blue-chip FTSE 100 index closed up 0.6 percent, or 38.70 points, at 6,713.18 points, its first c
Published 25 Oct, 2013 12:00am
Indian rupee gains for second day

Indian rupee gains for second day

The Indian rupee extended gains for a second session on Thursday, largely mirroring equity moves in a subdued trading session, with the focus gradually shifting to the central bank's rate meeting next week. The currency gained early, rising to 61.355 to a
Published 25 Oct, 2013 12:00am
Dollar off two-week low versus yen in Asia

Dollar off two-week low versus yen in Asia

The dollar held above a two-week low versus the yen on Thursday while the Australian dollar rose as an upbeat reading on China's factory sector eased worries about the outlook for the Chinese economy. However, market players were keeping an eye on a furth
Published 25 Oct, 2013 12:00am
Euro surges in London

Euro surges in London

The euro rose on Thursday, trading near a two-year high against a weaker dollar as concerns about the outlook for the US economy and monetary policy outweighed weaker euro zone data. The dollar remained under pressure due to lower US bond yields and expec
Published 25 Oct, 2013 12:00am
Dollar, yen and Swiss franc rise

Dollar, yen and Swiss franc rise

The dollar, yen and Swiss franc all rose on Wednesday after a spike in China's short-term money-market interest rates raised concerns about the world's second-largest economy, driving bids for currencies deemed as safe. Chinese money-market rates climbed
Published 25 Oct, 2013 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.75-77.75 (77.7500-77.7525). Call Money Rates: 07.25-09.00 percent (previous 06.00-09.00 percent).
Published 25 Oct, 2013 12:00am
Australian and New Zealand dollars on shaky ground

Australian and New Zealand dollars on shaky ground

The Australian and New Zealand dollars were nursing losses on Thursday as concerns about China's economic strength crept back in focus with markets awaiting a preliminary private survey on Chinese manufacturing activity. The Aussie found a tentative footi
Published 25 Oct, 2013 12:00am
Ringgit rises; China PMI lifts Asia FX

Ringgit rises; China PMI lifts Asia FX

The Malaysian ringgit rose on Thursday as some investors hoped the government may deliver measures to improve the fiscal deficit, while Indonesia's rupiah led gains among emerging Asian currencies on a survey showing solid growth in Chinese manufacturing.
Published 25 Oct, 2013 12:00am
Yuan strikes record high

Yuan strikes record high

China's yuan hit a record high versus the dollar on Thursday for the second straight day as hopes that the central bank may guide the yuan to appreciate further offset a slightly weaker official midpoint, traders said. Adding to the bullish sentiment towa
Published 25 Oct, 2013 12:00am
Sterling falls versus euro, dollar

Sterling falls versus euro, dollar

Sterling fell to a near two-month low against the euro and slipped against the dollar on Thursday as some nervous investors trimmed bets on the currency before growth figures for the third quarter due on Friday. Sterling was also weighed down by data from
Published 25 Oct, 2013 12:00am
Zardari condoles

Zardari condoles

Former President Asif Ali Zardari has sent a condolence message to renowned businessman and noted political and social figures Dr Mirza Ikhtiar Baig and Mirza Ishtiaq Baig over their mother's death. In a condolence message former President said that loss
Published 25 Oct, 2013 12:00am
Encroachments on pavements causing immense difficulties

Encroachments on pavements causing immense difficulties

Shopkeepers at various markets in federal capital are either encroaching on pavements in front of their shops or renting the space out to vendors, causing immense difficulties for shoppers. It is the responsibility of Capital Development Authority's Enfor
Published 25 Oct, 2013 12:00am
SAI chief terms Nawaz-Obama meeting historical

SAI chief terms Nawaz-Obama meeting historical

Chairman, Site Association of Industry (SAI), Younus M Bashir termed meeting between President Obama, and Prime Minister Nawaz Sharif as historical, and most essential for future of Pakistan. He also said that this meeting would open a new era of relation
Published 25 Oct, 2013 12:00am
Supreme Court rejects Shahrukh's plea

Supreme Court rejects Shahrukh's plea

The Supreme Court has rejected the plea submitted by the convict Shahrukh Jatoi on Thursday in Shahzeb Khan's murder case. Shahrukh Jatoi's lawyer Shafqat Shah Masoomi had challenged the First Investigation Report (FIR) in the SC's Karachi registry reques
Published 25 Oct, 2013 12:00am
KAPCO announces dividend

KAPCO announces dividend

Kot Addu Power Company (KAPCO) on Thursday announced its 1QFY14 results. Earnings, came in below market consensus, estimates, at Rs 1.73bn (EPS of Rs 1.96), down by 2 percent YoY compared to earnings of Rs 1.75bn (EPS of Rs 1.99) in the same period of las
Published 25 Oct, 2013 12:00am
KAPCO announces dividend

KAPCO announces dividend

Kot Addu Power Company (KAPCO) on Thursday announced its 1QFY14 results. Earnings, came in below market consensus, estimates, at Rs 1.73bn (EPS of Rs 1.96), down by 2 percent YoY compared to earnings of Rs 1.75bn (EPS of Rs 1.99) in the same period of las
Published 25 Oct, 2013 12:00am
Hubco announces unconsolidated earnings of Rs 1.57 per share

Hubco announces unconsolidated earnings of Rs 1.57 per share

Power Company (HUBC) on Thursday announced unconsolidated earnings of Rs 1.57 per share during 1QFY14, depicting a decline of 14 percent as compared to EPS Rs 1.83 recorded in the same period last year, analysts at Topline Securities said. Despite the res
Published 25 Oct, 2013 12:00am
Hubco announces unconsolidated earnings of Rs 1.57 per share

Hubco announces unconsolidated earnings of Rs 1.57 per share

Power Company (HUBC) on Thursday announced unconsolidated earnings of Rs 1.57 per share during 1QFY14, depicting a decline of 14 percent as compared to EPS Rs 1.83 recorded in the same period last year, analysts at Topline Securities said. Despite the res
Published 25 Oct, 2013 12:00am
Four of a family killed in Larkana road accident

Four of a family killed in Larkana road accident

At least four persons belonging to the same family were killed and three women were injured in a collision between two vehicles on Thursday. According to police, the accident took place in village Puranabad of Larkana where an over-speeding pickup and Kha
Published 25 Oct, 2013 12:00am
Engro achieves level four rating in safety management systems

Engro achieves level four rating in safety management systems

Engro Fertilizers, a wholly owned subsidiary of Engro Corporation has achieved level four on a scale of five in Safety Management Systems by DuPont. This makes Engro Fertilizers manufacturing site located at Daharki, Sindh, the first Fertilizer complex in
Published 25 Oct, 2013 12:00am
Avari Towers announces to expand business

Avari Towers announces to expand business

Avari Towers on Wednesday announced to expand its business in Pakistan with new projects for different cities besides making efforts to beat the Saudi and Kuwaiti marketing in Dubai. Being a chief guest at a dinner reception at Avari Towers, General Manag
Published 25 Oct, 2013 12:00am
Bail application of PPP MNA dismissed

Bail application of PPP MNA dismissed

An anti-terrorism court (ATC) on Thursday dismissed the bail application of Pakistan Peoples' Party (PPP) MNA Shahjahan Baloch. Baloch is a suspect in two cases involving murder, attempted murder, police encounter and possessing explosives. The PPP MNA wa
Published 25 Oct, 2013 12:00am
38 alleged criminals held

38 alleged criminals held

West Zone police on Thursday claimed to have nabbed 38 alleged criminals including extortionist with huge cache of weapons during separate raids at various parts of the city. According to official sources, they had arrested 38 criminals including 16 absco
Published 25 Oct, 2013 12:00am
Lyari gangsters among 29 suspects held

Lyari gangsters among 29 suspects held

Pakistan Rangers Sindh on Thursday claimed to have arrested 29 suspects, including Lyari gangsters in separate raids at various parts of the metropolis. According to Rangers official, the targeted raids had been conducted in the areas of Singho Lane - Lya
Published 25 Oct, 2013 12:00am
Illegal SIMS helping spread of crimes: AIG

Illegal SIMS helping spread of crimes: AIG

Additional Inspector General Police (AIG), Shahid Hayat, has said that the use of illegal Subscriber Identification Module (SIM) for crime is a very big issue and if it is resolved crime rate may go down substantially. Addressing and giving replies to var
Published 25 Oct, 2013 12:00am
UEFA urged to act on racism after Toure 'abuse'

UEFA urged to act on racism after Toure 'abuse'

Pressure mounted on European football's governing body UEFA on Thursday after claims that fans of Russian club CSKA Moscow racially abused Manchester City's Ivorian captain Yaya Toure, in the latest incident to hit the game. Toure described as "unbelievab
Published 25 Oct, 2013 12:00am
LHC approached to halt PCB polls

LHC approached to halt PCB polls

Ad-hoc President Lahore Region Cricket Association has approached the Lahore High Court with a request to halt election of Chairman Pakistan Cricket Board (PCB) till completion of Electoral College. Petitioner Izzat Saiyed pleaded that the election for th
Published 25 Oct, 2013 12:00am
Mominul leads Bangladesh fightback

Mominul leads Bangladesh fightback

Mominul Haque scored an unbeaten century and put on a record partnership with Tamim Iqbal as Bangladesh fought their way back into the second Test against New Zealand in Dhaka on Thursday. The hosts reached 269-3 in their second innings at stumps on the f
Published 25 Oct, 2013 12:00am
LHC issues notices to PHF

LHC issues notices to PHF

The Lahore High Court here on Thursday issued notices to Pakistan Hockey Federation (PHF) and Sports Board in response to a petition seeking stay against election of the federation. The petitioner, former Olympian Naveed Alam, alleged that the election of
Published 25 Oct, 2013 12:00am
French clubs to strike over 75 percent tax

French clubs to strike over 75 percent tax

French footballers will go out on strike for the first time in more than 40 years next month in protest at a government plans to tax top earners 75 percent, the clubs announced on Thursday. The first lockdown in the professional French game since 1972 is
Published 25 Oct, 2013 12:00am
FIFA sanctions Liberia over suspended player

FIFA sanctions Liberia over suspended player

Liberia were on Thursday sanctioned by FIFA for fielding a suspended player during a World Cup qualifier, but the penalty had no impact as they had already failed to earn a berth in Brazil. Football's world governing said that Liberia were guilty of playi
Published 25 Oct, 2013 12:00am
Smith joins 9,000-run club

Smith joins 9,000-run club

South African skipper Graeme Smith completed 9,000 runs in Test cricket during his double hundred against Pakistan in the second Test in Dubai on Thursday. The 32-year-old opener reached the milestone when he completed 200 runs on the second day, guiding
Published 25 Oct, 2013 12:00am
Smith, de Villiers put South Africa on top

Smith, de Villiers put South Africa on top

Graeme Smith smashed a double century and AB de Villiers hit a robust hundred to guide South Africa to an imperious position in the must-win second Test against Pakistan in Dubai on Thursday. South African skipper made 227 not out for his fifth double ton
Published 25 Oct, 2013 12:00am
French president's former partner mocked for bold photo shoot

French president's former partner mocked for bold photo shoot

A photo of Segolene Royal, the former partner of French President Francois Hollande, posing as the country's sacred revolutionary symbol Marianne was instantly hijacked Thursday by mocking netizens. Royal, a Socialist who lost against Nicolas Sarkozy in t
Published 25 Oct, 2013 12:00am
Thailand's top Buddhist leader dies

Thailand's top Buddhist leader dies

Thailand's Supreme Patriarch died Thursday at the age of 100, plunging the deeply Buddhist kingdom into mourning for its most senior monk. Somdet Phra Nyanasamvara, the country's top Buddhist leader, died of a blood infection following recent surgery for
Published 25 Oct, 2013 12:00am
Emir of Qatar's sister named biggest player in art world

Emir of Qatar's sister named biggest player in art world

The sister of the Emir of Qatar was named the most influential figure in the art world in a "power list" published by Britain's ArtReview magazine on Thursday. Sheikha Al-Mayassa bint Hamad bint al-Thani has around $1 billion a year to spend on art as hea
Published 25 Oct, 2013 12:00am
Syrian troops close in on suburbs hit by chemical attack

Syrian troops close in on suburbs hit by chemical attack

Syrian troops captured a key town south-east of Damascus on Thursday, a military source said, as they sought to close in on suburbs struck by chemical weapons in August. The Syrian opposition meanwhile said it would meet on November 9 to decide whether to
Published 25 Oct, 2013 12:00am
EU graft inquiry shifts to former health chief's overseas activity

EU graft inquiry shifts to former health chief's overseas activity

EU investigators have expanded an anti-corruption investigation into former European health commissioner John Dalli, who was forced out last year after an associate was accused of attempted bribery, to include his overseas dealings while in office.
Published 25 Oct, 2013 12:00am
'Small differences' with US over Iran: Israeli minister

'Small differences' with US over Iran: Israeli minister

Israel's international affairs minister on Thursday said there were "small differences" with the United States over the Iranian nuclear issue, a week after direct talks between Tehran and world powers. "We generally see eye to eye with the Americans on th
Published 25 Oct, 2013 12:00am
Russian 'kidnapped' by Syrian rebels

Russian 'kidnapped' by Syrian rebels

Russia is investigating reports one of its citizens was kidnapped in Syria after a video of the man pleading to be rescued was posted online, a report said Thursday. The video, posted on YouTube, shows a man who identifies himself as Russian citizen Serge
Published 25 Oct, 2013 12:00am
US talking to Turkey about China missile deal concerns

US talking to Turkey about China missile deal concerns

The United States is concerned Turkey's decision to build a missile defence system with a Chinese firm could undermine allied air defences, its envoy said on Thursday, but dismissed talk of a broader rift with Ankara. US Ambassador to Turkey Francis Ricci
Published 25 Oct, 2013 12:00am
US offers funds to move Iranian exiles out of Iraq

US offers funds to move Iranian exiles out of Iraq

The United States on Thursday offered $1 million to help resettle Iranian opposition exiles currently in Iraq, contributing to a UN appeal in the wake of violence. More than 3,000 members of the People's Mujahedeen Organisation of Iran, allowed by late Ir
Published 25 Oct, 2013 12:00am
Mozambique peace under threat: president

Mozambique peace under threat: president

Mozambique's President Armando Guebuza on Thursday said peace in the country was under threat after two days of tit-for-tat violence between government forces and former members of the rebel Renamo group. "Mozambique is currently living through moments in
Published 25 Oct, 2013 12:00am
Time Warner Cable to carry Al Jazeera America after stand-off

Time Warner Cable to carry Al Jazeera America after stand-off

Time Warner Cable will carry Al Jazeera America, which it had dropped earlier this year, giving the cable news channel a bigger foothold in the United States, where it has struggled to gain distribution. The channel, which is owned by Qatar-based Al Jazee
Published 25 Oct, 2013 12:00am
Shanghai copper pares losses

Shanghai copper pares losses

The most-traded January copper contract on the Shanghai Futures Exchange pared early losses to close at 51,730 yuan ($8,500) a tonne on Thursday, still down 1 percent. It earlier touched 51,430 yuan, its lowest since October 14 as the session before, boos
Published 25 Oct, 2013 12:00am
Copper dips to two-week low

Copper dips to two-week low

Copper dipped to its lowest level in nearly two weeks on Thursday as persistent concerns about credit tightening in top metals consumer China offset upbeat manufacturing growth there. A surprise setback in business growth in the euro zone also helped damp
Published 25 Oct, 2013 12:00am
US oil rises

US oil rises

US oil futures recouped losses in choppy trade on Thursday while European Brent crude slid, as traders bet that an abrupt slump earlier this week in the hotly traded Brent-WTI spread had gone too far. US gasoline prices led the oil complex higher, rebound
Published 25 Oct, 2013 12:00am
Cotton down almost two percent on technical selling, rising stocks

Cotton down almost two percent on technical selling, rising stocks

Cotton futures closed down almost 2 percent and teetered close to the psychologically key 80-cent mark on Wednesday on technical selling, rising availability and minimal buying. Fibre was the second-worst performance behind heating oil out of the 19 track
Published 25 Oct, 2013 12:00am
Palm oil lower

Palm oil lower

Malaysian palm oil futures ended lower on Thursday, snapping four days of gains as investors booked profits from prices that hit near two-month highs in the previous session. A stronger ringgit also curbed overseas buying interest, but optimism that stock
Published 25 Oct, 2013 12:00am
Sugar erases gains, coffee tumbles

Sugar erases gains, coffee tumbles

ICE sugar reversed gains on Thursday, continuing to decline from a sharp rally last week triggered by a fire at major warehouses in Brazil, while coffee markets dropped to their lowest in years. Cocoa trading on ICE Futures US dropped for the second strai
Published 25 Oct, 2013 12:00am
Gold lower in New York

Gold lower in New York

Gold was slightly lower on Wednesday as investors sold to lock in profits after prices hit four-week highs a day earlier in reaction to weaker-than-expected US non-farm payroll data and sold in reaction to a weaker oil market that dragged commodities down
Published 25 Oct, 2013 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold edged up on Thursday after tracking oil lower in the previous session, hovering near a four-week high on hopes the Federal Reserve will extend its bullion-friendly stimulus efforts. Gold added $6.10 an ounce to $1,337.84 an ounce by 0638 GMT. It jump
Published 25 Oct, 2013 12:00am
Gold scales one-month high in Europe

Gold scales one-month high in Europe

Gold hit a one-month high on Thursday after data showed US unemployment benefits' claims fell less than expected, bolstering expectations the Federal Reserve will delay scaling back monetary stimulus. Spot gold rose as much as 1.2 percent to its highest s
Published 25 Oct, 2013 12:00am
Wheat near four-month high

Wheat near four-month high

Chicago Board of Trade wheat futures rebounded to near a four-month high on Wednesday on concerns about the fate of crops in several key regions, including the Black Sea, Australia and Argentina. "The thought is that South America will be a big importer o
Published 25 Oct, 2013 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures rose on Thursday on the back of strong Chinese economic data, but sentiment remained weak after prices failed to break above a major resistance of 265 yen, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange fo
Published 25 Oct, 2013 12:00am
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