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Print - 2013-10-26
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (October 25, 2013).

Published 26 Oct, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (October 25, 2013).
Published 26 Oct, 2013 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (October 25, 2013).

Published 26 Oct, 2013 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (October 25, 2013).

Published 26 Oct, 2013 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (October 25, 2013).

Published 26 Oct, 2013 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (October 25, 2013).

Published 26 Oct, 2013 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 26 Oct, 2013 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 26 Oct, 2013 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 26 Oct, 2013 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 26 Oct, 2013 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 26 Oct, 2013 12:00am
BRIDGE NOTES: Just be there at the table

BRIDGE NOTES: Just be there at the table

A lot of time declarers get bogged down in a difficult contract where the crucial decision involved determines the outcome and fate of the declarer. Here of course many fall easily because they hastily make a judgement without having reviewed the entire h
Published 26 Oct, 2013 12:00am
ART FACTS: Chromatic and enharmonic notes

ART FACTS: Chromatic and enharmonic notes

Tassaduq Sohail creates paintings in rich colours and soothing textures with the blend of imagination and realism. The amalgam of modernity and symbolism provides a beautiful synthesis of creativity exuding chromatic and enharmonic notes.
Published 26 Oct, 2013 12:00am
KARACHI CHRONICLE: Halal sacrifice

KARACHI CHRONICLE: Halal sacrifice

It is said that every sixth person of the 180 million Pakistanis purchased animals for sacrifice during Eid-ul-Azha. In Karachi over a million animals were sacrificed, which means this city lead all other cities in the performance of the piety. This requi
Published 26 Oct, 2013 12:00am
Death of a mantra?

Death of a mantra?

Aesop was a slave who lived in ancient Greece. He possessed an almost supernatural earthy wisdom which made him come out with musings that became famed as Aesop's fables. Although the word, fable, commonly implies a deceiving tale, or story, Aesop's fable
Published 26 Oct, 2013 12:00am
Samsung Electronics reports record third quarter

Samsung Electronics reports record third quarter

Samsung Electronics Co Ltd's quarterly operating profit surged 26 percent to a new record, matching estimates and powered by a strong recovery in its memory chip business as smartphone sales growth eases sharply. The smartphone leader has posted a record
Published 26 Oct, 2013 12:00am
Samsung Electronics reports record third quarter

Samsung Electronics reports record third quarter

Samsung Electronics Co Ltd's quarterly operating profit surged 26 percent to a new record, matching estimates and powered by a strong recovery in its memory chip business as smartphone sales growth eases sharply. The smartphone leader has posted a record
Published 26 Oct, 2013 12:00am
China steps up market reforms with new prime lending rate

China steps up market reforms with new prime lending rate

China launched a new benchmark lending rate on Friday in another step towards letting markets set the cost of funds and reducing distortions that have led to excessive investment and overcapacity now dogging the world's second-largest economy. The "loan p
Published 26 Oct, 2013 12:00am
UK urges EU to cut red tape and clear way for Shale

UK urges EU to cut red tape and clear way for Shale

Britain mounted a fresh crusade Friday to slash EU red tape London says strangles business - with a core demand that Brussels does not interfere with legislation on fracking. Prime Minister David Cameron gathered a mini-summit of leaders including German
Published 26 Oct, 2013 12:00am
UK economy accelerates to fastest growth since 2010

UK economy accelerates to fastest growth since 2010

Britain's economy picked up more speed between July and September, growing at its fastest pace in more than three years and building on an unexpected turnaround that has buoyed the government. Gross domestic product rose by 0.8 percent, faster than the 0.
Published 26 Oct, 2013 12:00am
Microsoft beats profit forecasts, shares jump

Microsoft beats profit forecasts, shares jump

Microsoft Corp cruised past Wall Street's quarterly profit and revenue forecasts on Thursday, helped by strong sales of its Office and server software to businesses, sending its shares up more than 5 percent after hours. The world's largest software compa
Published 26 Oct, 2013 12:00am
Microsoft beats profit forecasts, shares jump

Microsoft beats profit forecasts, shares jump

Microsoft Corp cruised past Wall Street's quarterly profit and revenue forecasts on Thursday, helped by strong sales of its Office and server software to businesses, sending its shares up more than 5 percent after hours. The world's largest software compa
Published 26 Oct, 2013 12:00am
Dubai refinery buys first Indian raw sugar cargoes in 2 years

Dubai refinery buys first Indian raw sugar cargoes in 2 years

Dubai's Al Khaleej sugar refinery, one of the world's largest, has bought the first cargoes of raw sugar from India in two years, rather than from its traditional supplier Brazil. Trade sources said Indian mills had incentives to offer sugar for export fr
Published 26 Oct, 2013 12:00am
Ethiopia bans domestic workers from moving overseas

Ethiopia bans domestic workers from moving overseas

Ethiopia has banned domestic workers from moving overseas for employment, following an "exodus" of workers from leaving the country through illegal placement agencies, officials said Friday. "This exodus, being pushed by illegal human traffickers, has cre
Published 26 Oct, 2013 12:00am
UPS quarterly profit rises

UPS quarterly profit rises

United Parcel Service Inc said increased demand in domestic ground shipments lifted profits in the third quarter and expects online sales to boost shipping volumes as it heads into the holiday quarter. Shares in the courier company rose 2 percent on Frida
Published 26 Oct, 2013 12:00am
UPS quarterly profit rises

UPS quarterly profit rises

United Parcel Service Inc said increased demand in domestic ground shipments lifted profits in the third quarter and expects online sales to boost shipping volumes as it heads into the holiday quarter. Shares in the courier company rose 2 percent on Frida
Published 26 Oct, 2013 12:00am
Boeing gets $20.7 billion worth of 737 Max commitments from China

Boeing gets $20.7 billion worth of 737 Max commitments from China

Boeing Co has secured commitments for around 200 of its 737 Max aircraft, the upgraded variant of its best-selling short-haul planes, from multiple Chinese customers, said two sources familiar with the deals. The deals are worth a combined $20.7 billion a
Published 26 Oct, 2013 12:00am
Iran oil exports to plunge

Iran oil exports to plunge

Iran's oil sales in October will fall to their lowest in months, according to sources who track tanker loadings, indicating no early petrodollar dividend for Iran despite its apparent willingness to compromise on its disputed nuclear work. The Opec-member
Published 26 Oct, 2013 12:00am
Malaysia to impose consumption tax, abolish sugar subsidy

Malaysia to impose consumption tax, abolish sugar subsidy

Malaysian Prime Minister Najib Razak on Friday unveiled plans to impose a 6-percent consumption tax and abolish a sugar subsidy, as his government aims to cut the budget deficit. Najib said the government aims to cut the budget deficit to 4 per cent of th
Published 26 Oct, 2013 12:00am
Malaysia to impose consumption tax, abolish sugar subsidy

Malaysia to impose consumption tax, abolish sugar subsidy

Malaysian Prime Minister Najib Razak on Friday unveiled plans to impose a 6-percent consumption tax and abolish a sugar subsidy, as his government aims to cut the budget deficit. Najib said the government aims to cut the budget deficit to 4 per cent of th
Published 26 Oct, 2013 12:00am
US durable goods orders, sentiment suggest politics hurting economy

US durable goods orders, sentiment suggest politics hurting economy

Orders for a wide range of US-made capital goods plummeted in September and consumer sentiment weakened sharply in October, signs that a budget battle in Washington has held back the economy. New orders of non-military capital goods other than aircraft, a
Published 26 Oct, 2013 12:00am
Hong Kong and China stocks down

Hong Kong and China stocks down

Hong Kong stocks fell 0.6 percent Friday despite a positive lead from Wall Street, as a series of disappointing earnings reports and lingering concerns over the Chinese economy weighed on sentiment. The benchmark Hang Seng Index dipped 137.48 points to 22
Published 26 Oct, 2013 12:00am
Indian shares snap three straight weekly gains

Indian shares snap three straight weekly gains

Indian shares fell on Friday, failing to extend their third weekly gains, as some bluechip shares such as Sun Pharmaceutical were hit by profit-taking after marking their highest level since November 2010 earlier in the week. Shares gained nearly 5 percen
Published 26 Oct, 2013 12:00am
Friday's early trade: Wall Street up on tech results

Friday's early trade: Wall Street up on tech results

US stocks edged up on Friday with technology shares leading the gains on strong results, though the market's rally appeared to be running out of steam with indexes near all-time highs. The S&P 500 has gained 23 percent so far this year, just shy of the 23
Published 26 Oct, 2013 12:00am
Wall Street gains

Wall Street gains

US stocks resumed their upward move on Thursday as economic data underscored views US monetary stimulus will be in place for the foreseeable future and as earnings offered some upbeat news. Shares of PulteGroup Inc jumped after the homebuilder reported re
Published 26 Oct, 2013 12:00am
US bond yields bounce off three-month lows

US bond yields bounce off three-month lows

US Treasuries yields edged up from three-month lows on Thursday as buying tied to the view the Federal Reserve will not shrink its bond-purchase program until next year faded. The bond market rally paused as benchmark yields struggled to stay below 2.50 p
Published 26 Oct, 2013 12:00am
US bond yields bounce off three-month lows

US bond yields bounce off three-month lows

US Treasuries yields edged up from three-month lows on Thursday as buying tied to the view the Federal Reserve will not shrink its bond-purchase program until next year faded. The bond market rally paused as benchmark yields struggled to stay below 2.50 p
Published 26 Oct, 2013 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.75 percent on Friday, in line with other regional bourses, as investors continued to stay sidelined on concerns of a mixed earning season. At 0230 GMT, the main TAIEX index had slipped to 8,350.72 points, dragged by electronics and fi
Published 26 Oct, 2013 12:00am
Tokyo stocks drop 2.75 percent

Tokyo stocks drop 2.75 percent

Tokyo stocks dropped 2.75 percent on Friday with exporter shares taking a hit from the rising yen as investors grew increasingly cautious by the end of the session. The benchmark Nikkei 225 index fell 398.22 points to 14,088.19, while the Topix index of a
Published 26 Oct, 2013 12:00am
European shares edge lower on earnings, capital hike concerns

European shares edge lower on earnings, capital hike concerns

European equities ended slightly lower on Friday, with Telecom Italia leading the telecoms sector down on concerns of a capital hike by the Italian company and Volvo hurting industrials after reporting a sharp drop in profits. The telecom operator fell 6.
Published 26 Oct, 2013 12:00am
Australian shares rise

Australian shares rise

Australian shares rose 0.3 percent on Friday to hold at five-year highs, lifted by big banks ahead of their earnings reports starting next Tuesday, which have had a stellar year on the back of generous dividend yields and record profits. The S&P/ASX 200 i
Published 26 Oct, 2013 12:00am
Southeast Asian markets: Malaysian shares a tad lower

Southeast Asian markets: Malaysian shares a tad lower

Malaysian shares closed a tad lower on Friday, trimming early modest losses after the government unveiled its budget for 2014, while Thai shares retreated from two days of gains as Bank of Thailand cut its GDP growth forecast, triggering late selling. Kua
Published 26 Oct, 2013 12:00am
FTSE chalks up third week of gains, led by RBS

FTSE chalks up third week of gains, led by RBS

London's bluechip index inched higher on Friday to chalk up a third straight week of gains, although demand to buy at levels just shy of multi-year highs was tepid. The FTSE 100 closed up 0.1 percent, or 8.16 points, at 6,721.34 points, just 1.8 percent o
Published 26 Oct, 2013 12:00am
Yuan hits another record

Yuan hits another record

China's yuan hit a record high for the third consecutive day on Friday but quickly pared gains as market sentiment turned cautious as the currency neared a key resistance level, traders said. Spot yuan traded as high as 6.0802 per dollar in early trade, i
Published 26 Oct, 2013 12:00am
Dollar hits fresh two-year low in Asia

Dollar hits fresh two-year low in Asia

The dollar set a fresh two-year low versus the euro on Friday, pressured by strengthened expectations the US Federal Reserve will maintain its asset purchases through early next year. The dollar also set a fresh 8-1/2-month low versus a basket of currenci
Published 26 Oct, 2013 12:00am
Euro off highs in London

Euro off highs in London

A survey showing German business morale unexpectedly fell for the first time in six months tipped the euro off a two-year high against the dollar on Friday. After sub-forecast euro zone private sector activity surveys on Thursday, the Ifo data may spark c
Published 26 Oct, 2013 12:00am
Early trade in New York: euro drops from two-year high against dollar

Early trade in New York: euro drops from two-year high against dollar

The euro dropped from a near two year-high against the dollar to trade flat on Friday after a survey showing German business morale unexpectedly fell for the first time in six months. That data followed sub-forecast euro zone private sector activity surve
Published 26 Oct, 2013 12:00am
Dollar slides to two-year low versus euro

Dollar slides to two-year low versus euro

The dollar fell to a two-year low against the euro on Thursday on expectations the US Federal Reserve will continue its bond purchases well into next year. The euro shrugged off disappointing data showing the pace of growth in euro zone business unexpecte
Published 26 Oct, 2013 12:00am
Indian rupee flat

Indian rupee flat

The Indian rupee ended flat on Friday, but extended losses for a second week, as caution set in ahead of an expected interest rate hike by the central bank at its policy review next week. The Reserve Bank of India is widely expected to raise its key repo
Published 26 Oct, 2013 12:00am
Rupiah leads Asian FX gains

Rupiah leads Asian FX gains

The Indonesian rupiah hit a near eight-week high on Friday, leading gains among emerging Asian currencies, as expectations the US Federal Reserve will maintain its bond-buying programme through early next year kept the dollar pressured. The rupiah is pois
Published 26 Oct, 2013 12:00am
Sterling slips

Sterling slips

Sterling edged down against the dollar on Friday after data showed the British economy expanded in line with expectations in the third quarter, but losses were limited due to the higher pace of growth. The UK economy expanded at 0.8 percent in the third q
Published 26 Oct, 2013 12:00am
Rain forces draw in Dhaka

Rain forces draw in Dhaka

The second Test between Bangladesh and New Zealand ended in a draw Friday after rain washed out the fifth and final day's play at Dhaka's Sher-e-Bangla National Stadium. The result ensured the two teams shared the spoils in the series after the first Test
Published 26 Oct, 2013 12:00am
False sex harassment charge: PCB bans five women cricketers

False sex harassment charge: PCB bans five women cricketers

Pakistan cricket authorities on Friday banned five women cricketers for falsely accusing their male officials of sexual harassment after an investigation ruled they lied about the allegations. In June this year, five women cricketers from the central Mult
Published 26 Oct, 2013 12:00am
Australia suspend individuals charged in fixing scandal

Australia suspend individuals charged in fixing scandal

Four players and a coach facing criminal charges related to match-fixing in Australia's second tier Victorian Premier League have been suspended from all soccer activities, the country's governing body said on Friday. The multi-million dollar racket, whic
Published 26 Oct, 2013 12:00am
Waqar says board turmoil hurting Pakistan cricket

Waqar says board turmoil hurting Pakistan cricket

Legendary fast bowler Waqar Younis on Friday called for an end to the turmoil, which has pitted the Pakistan cricket administration against the courts, saying it was damaging the game. The Islamabad High Court this week ordered elections to be held for th
Published 26 Oct, 2013 12:00am
Li Na strikes first for China as Azarenka goes out

Li Na strikes first for China as Azarenka goes out

Li Na, the first Chinese player to win a Grand Slam singles title, added another famous first to her collection when she reached the semi-finals of the WTA Championships with a 6-2, 6-1 rout of an ailing Victoria Azarenka on Friday. It was the first time
Published 26 Oct, 2013 12:00am
Cilic free to play again after doping ban is cut

Cilic free to play again after doping ban is cut

Former world number nine Marin Cilic is free to play on the tennis circuit again after the Court of Arbitration for Sport (CAS) cut his ban for doping by more than half on Friday. "The player's ban will...end at midnight on 25 October 2013," the CAS said
Published 26 Oct, 2013 12:00am
Taunting spectators ejected

Taunting spectators ejected

Two spectators were thrown out of the Dubai cricket stadium on Friday for allegedly taunting Pakistan captain Misbah-ul Haq during the second Test. The two, later identified as Pakistani expats Siddiq Ameen and Mushtaq Ameen, were escorted out of the grou
Published 26 Oct, 2013 12:00am
Pakistan face defeat

Pakistan face defeat

Pakistan were staring defeat in the second Test in the face after South Africa out-batted them and then bowled well on the third day in Dubai on Friday. South Africa, seeking a series-levelling win, once again rocked Pakistan's top order with three early
Published 26 Oct, 2013 12:00am
South Africa penalised for ball-tampering

South Africa penalised for ball-tampering

South Africa were docked five penalty runs for ball-tampering on the third day of the second Test against Pakistan in Dubai on Friday. Television replays showed South African fielder Faf du Plessis rubbing the ball on his trousers which had a zip on them,
Published 26 Oct, 2013 12:00am
Iraq to press US on drones, F-16s to fight al Qaeda

Iraq to press US on drones, F-16s to fight al Qaeda

The Baghdad government wants the immediate delivery of US drones and F-16 fighter jets in order to combat al Qaeda insurgents, who are making swift advances in the west of the Iraq, a senior Iraqi security official said. Washington agreed in August to sup
Published 26 Oct, 2013 12:00am
Feared hostage drama in Germany ends without bloodshed

Feared hostage drama in Germany ends without bloodshed

German police Friday ended a tense overnight stand-off when they arrested a Turkish man who had threatened to set ablaze his fast-food restaurant filled with a dozen people. The people holed up with the restaurant owner included his wife and five children
Published 26 Oct, 2013 12:00am
Saudi women drop plans for 'drive-in' over legal threats

Saudi women drop plans for 'drive-in' over legal threats

Activists pressing to end Saudi Arabia's ban on women driving have dropped plans for a "drive-in" Saturday after threats of legal action and have opted instead for an open-ended campaign. "Out of caution and respect for the interior ministry's warnings we
Published 26 Oct, 2013 12:00am
Car bomb kills 20

Car bomb kills 20

A car bomb outside a mosque near Damascus killed at least 20 people on Friday as a top UN official expressed mounting concern over hundreds of thousands of trapped civilians. Dozens of people were wounded in the explosion in the town of Suq Wadi Barada, s
Published 26 Oct, 2013 12:00am
Norway rejects US request to destroy Syrian chemical arms

Norway rejects US request to destroy Syrian chemical arms

Norway rejected on Friday a US request to help destroy Syria's chemical arms, arguing that the Nordic nation was an unsuitable site because it lacked suitable staff, equipment and regulations. Washington asked Nato-member Norway last month to help destroy
Published 26 Oct, 2013 12:00am
UN calls for greater Syria aid 'pressure'

UN calls for greater Syria aid 'pressure'

The United Nations humanitarian chief on Friday called on the UN Security Council to put "sustained pressure" on the Syrian government and rebel groups to let in desperately needed relief. Valerie Amos told the council the United Nations had been unable f
Published 26 Oct, 2013 12:00am
WTC photo found in 9/11 mastermind possessions

WTC photo found in 9/11 mastermind possessions

A photo of the World Trade Center in flames was found in the possession of the self-proclaimed mastermind of the September 11 attacks at Guantanamo Bay detention center, a military court heard on Thursday. On the third day of a pre-trial hearing regarding
Published 26 Oct, 2013 12:00am
Egyptian police use teargas after clashes in Alexandria and Suez

Egyptian police use teargas after clashes in Alexandria and Suez

Police used teargas on Friday to disperse demonstrations by supporters of ousted Islamist president Mohamed Morsi in Egypt's second city, Alexandria, and in Suez. Morsi's supporters have staged frequent protests in towns and cities across Egypt, many of t
Published 26 Oct, 2013 12:00am
Turkey and Iraq eye closer co-operation on Syria as strains thaw

Turkey and Iraq eye closer co-operation on Syria as strains thaw

Turkey and Iraq, both concerned by the rise of al Qaeda in Syria, said on Friday their strained relations were improving and they would cooperate more closely to limit the spillover from Syria's civil war. The two countries' dealings have been tense in re
Published 26 Oct, 2013 12:00am
Nigeria says killed 74 Boko Haram fighters

Nigeria says killed 74 Boko Haram fighters

Nigeria's army said Friday it had killed 74 suspected Boko Haram fighters in a raid in north-eastern Borno state, as gunmen from the Islamist group battled security forces in a neighbouring area. The army, which is battling to crush a four-year Islamist u
Published 26 Oct, 2013 12:00am
Hard-won Tunisia dialogue to end crisis finally begins

Hard-won Tunisia dialogue to end crisis finally begins

Tunisia's divided factions began hard-won negotiations Friday to end a protracted political crisis after Islamist premier Ali Larayedh managed to avert an opposition boycott by making a written pledge to resign. The repeatedly delayed national dialogue ai
Published 26 Oct, 2013 12:00am
Juncker loses out as Liberal asked to form Luxembourg government

Juncker loses out as Liberal asked to form Luxembourg government

Jean-Claude Juncker, prime minister for 19 years, lost out Friday when Luxembourg's Grand Duke called on Liberal leader Xavier Bettel to form a new coalition government with the Socialist and Green parties. "Having taken note of the willingness (of the th
Published 26 Oct, 2013 12:00am
North Korea returns six detained South Koreans

North Korea returns six detained South Koreans

North Korea returned six detained South Koreans across the two rivals' heavily-militarised land border on Friday, in a move that may help relax tensions. The handover took place at 4:50pm (0750 GMT) at the Panmunjom truce village where the armistice was s
Published 26 Oct, 2013 12:00am
Tsunami hits coast of Japan after powerful earthquake

Tsunami hits coast of Japan after powerful earthquake

Tsunami waves of up to 1 metre have hit the coast of north-eastern Japan after a powerful earthquake, the Meteorological Agency said on Saturday. A magnitude-7.1 earthquake struck off the east coast of Japan's Fukushima region at 2:10 am (1710 GMT Friday)
Published 26 Oct, 2013 12:00am
Indian Prime Minister has no mobile phone, email account to hack

Indian Prime Minister has no mobile phone, email account to hack

India's 81-year-old prime minister does not own a mobile phone or use personal email, giving New Delhi "no cause for concern" about new US hacking revelations, his office said Friday. The Guardian newspaper reported Friday that US spies eavesdropped on th
Published 26 Oct, 2013 12:00am
Morocco teen jailed for three months for Obama tweet threat

Morocco teen jailed for three months for Obama tweet threat

A Moroccan court on Friday jailed a teenager for three months for threatening to kill US President Barack Obama on Twitter, judicial sources said. The 17-year-old identified as Soufiane I. pleaded guilty at a Casablanca court to "electronic crimes" and "c
Published 26 Oct, 2013 12:00am
Cotton futures sink to nine-month low on fund selling, supply woes

Cotton futures sink to nine-month low on fund selling, supply woes

Cotton futures fell for a fifth straight session to nine-month lows on Thursday as funds and speculative investors sold their bullish bets after weak US export sales reinforced fears about waning demand. The relentless selling left fibre the worst perform
Published 26 Oct, 2013 12:00am
Shanghai copper down

Shanghai copper down

The most-traded January copper contract on the Shanghai Futures Exchange shed 1 percent to end at 51,150 yuan ($8,400) a tonne on Friday, earlier sliding to 51,100, its lowest since September 18. Shanghai metal hit its weakest in more than a month as fitf
Published 26 Oct, 2013 12:00am
Copper hits two-week low

Copper hits two-week low

Copper fell on Friday to its lowest in two weeks on expectations for a growing surplus, patchy data on global factory growth and fears top consumer China would clamp down on credit. Copper has traded in a $7,000-$7,420 range since early August due to swel
Published 26 Oct, 2013 12:00am
US oil futures up; Brent/WTI spread narrows

US oil futures up; Brent/WTI spread narrows

US oil futures ended higher for the second day in row on Friday while European Brent crude fell, tightening the trans-Atlantic spread as traders bet that increasing refinery operations and a major new Midwest pipeline will slow the rise in inventories. Br
Published 26 Oct, 2013 12:00am
Palm oil lower

Palm oil lower

Malaysian palm oil futures ended lower on Friday after weaker-than-expected export data fanned concerns that demand for the tropical oil has begun to taper, while a stronger ringgit following the Malaysian budget announcement curbed buying. Cargo surveyor
Published 26 Oct, 2013 12:00am
Coffee futures sink

Coffee futures sink

Coffee futures in New York and London sank to fresh multi-year lows for a second straight session on Friday and posted large weekly losses as expectations of another year of excess supplies kept investors selling and buyers on the sidelines. Even as raw s
Published 26 Oct, 2013 12:00am
Gold up one percent in New York

Gold up one percent in New York

Gold rose 1 percent on Thursday, breaking above $1,350 an ounce for the first time in more than a month, on rekindled buying prompted by expectations the Federal Reserve will continue its monetary stimulus due to disappointing US jobless claims data. Bull
Published 26 Oct, 2013 12:00am
Gold near one-month high in Asia

Gold near one-month high in Asia

Gold was hovering near a one-month peak on Friday and looked set to end higher for a second straight week on hopes that weak US data would deter the Federal Reserve from starting to scale back its economic stimulus measures this year. Spot gold had eased
Published 26 Oct, 2013 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied below one-month highs on Friday, still set for a second week of gains on the view that sluggish US data would persuade the Federal Reserve to keep its stimulus intact until well into 2014. Spot gold stood unchanged at $1,346.86 an ounce by 1
Published 26 Oct, 2013 12:00am
Soyameal gains

Soyameal gains

Chicago Board of Trade (CBOT) soyameal futures rose on Thursday after the release of export data showing huge US exports of soyameal. The rally in meal helped soyabeans advance in early dealings. But profit-taking and technical selling late in the trading
Published 26 Oct, 2013 12:00am
Tokyo rubber futures drop

Tokyo rubber futures drop

Tokyo rubber futures dropped 2.4 percent to their lowest in two weeks on Friday as a rising yen encouraged investors to take stop-loss selling positions, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery was do
Published 26 Oct, 2013 12:00am
US MIDDAY: soya dips

US MIDDAY: soya dips

US soyabean futures edged lower on Friday and corn futures were little changed ahead of what is expected to be an active weekend of harvesting in the United States, the world's top producer of both crops. Projections that the US harvest will continue to u
Published 26 Oct, 2013 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold inched up slightly on Friday as a string of disappointing US economic data reinforced expectations that the Federal Reserve would keep its stimulus intact well into 2014. Spot gold was up $6.32, or 0.47 percent, at $1,352.10 an ounce by 1:26 pm EDT (
Published 26 Oct, 2013 12:00am
Quake-hit victims of Awaran: Shahbaz constitutes body for rehabilitation

Quake-hit victims of Awaran: Shahbaz constitutes body for rehabilitation

Chief Minister Punjab, Mian Shahbaz Sharif, has constituted a committee for the rehabilitation of earthquake-affectees of Balochistan and asked Mohammad Pervaiz (MNA) to motivate and mobilise the affluent sections of society to extend maximum support to t
Published 26 Oct, 2013 12:00am
Value-added gems, jewellery: Pakistan has potential of exports: minister

Value-added gems, jewellery: Pakistan has potential of exports: minister

Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi, has said that Pakistan has immense potential for export of value-added products of gems and jewellery and can earn foreign exchange through its sale in the international market. A
Published 26 Oct, 2013 12:00am
73 felons arrested

73 felons arrested

West Police Zone (WPZ) on Friday claimed to have arrested 73 felons including a target killer in different raids across the city. According to the details, they arrested 73 criminals including 15 absconders and a target killer and recovered one revolver,
Published 26 Oct, 2013 12:00am