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Print - 2014-02-19
Non-payment of salaries: employees of HIV/AIDS control programme protest

Non-payment of salaries: employees of HIV/AIDS control programme protest

Health employees, working under the National HIV/AIDS control programme, on Tuesday staged a protest demonstration here outside press club, against non-payment of the salaries for last eight months. The protest was headed by Tahir Khan, a health worker, a
Published 19 Feb, 2014 12:00am
PTCL launches paid internship programme

PTCL launches paid internship programme

Pakistan Telecommunication Company Limited (PTCL) has opened its doors to the talented youth of Pakistan through its One-Year Paid Internship Program 2014. The program enables fresh graduates to develop essential skill-set and experience required to compe
Published 19 Feb, 2014 12:00am
Gas leakage: fire engulfs rooms of a hotel

Gas leakage: fire engulfs rooms of a hotel

Fire engulfed many rooms of the hotel due to gas leakage on Tuesday. According to Rescue-1122 sources, the blast occurred in the third and fourth floor of the Emirate Hotel in Namak Mandi area of Peshawar, due to severe gas leakage, which engulfed many ro
Published 19 Feb, 2014 12:00am
US launches $36 million Jacobabad municipal water project

US launches $36 million Jacobabad municipal water project

US Ambassador Richard G. Olson and Sindh Provincial Minister for Works and Services Mir Hazar Khan Bijarani, joined by Consul General Michael Dodman, US Agency for International Development Mission Director Greg Gottlieb, and other local officials, marked
Published 19 Feb, 2014 12:00am
APTMA concerned over plans to raise ST rate

APTMA concerned over plans to raise ST rate

Chairman All Pakistan Textile Mills Association (APTMA) Muhammad Yasin Siddik has shown great concern over the government's plans to increase sales tax rate on textile industry from the current 2 percent to 5 percent in the first phase and 17 percent in t
Published 19 Feb, 2014 12:00am
Seminar on employability & entrepreneurial skills held

Seminar on employability & entrepreneurial skills held

A 3-Day training workshop on "Employability & Entrepreneurial Skills" has begun at Sindh University (SU) Jamshoro which has been sponsored by Higher Education Commission (HEC) Islamabad. Vice Chancellor of SU Professor Dr Nazir A. Mughal inaugurated the w
Published 19 Feb, 2014 12:00am
Chief minister Sindh condemns attack on news channels

Chief minister Sindh condemns attack on news channels

The Chief Minister Sindh Syed Qaim Ali Shah has condemned attempt of Bomb attacks on ARY News Channel by planting explosive material in front of its office in Karachi, has directed the Inspector General of Sindh Police, Additional Inspector General
Published 19 Feb, 2014 12:00am
HPC: demonstration against attacks on media held

HPC: demonstration against attacks on media held

The media persons under the banner of Hyderabad Union of Journalists (HUJ) staged a demonstration here in front of Hyderabad Press Club (HPC) on Tuesday against the bomb attacks on the offices of television channels of Aaj News, Waqt News an
Published 19 Feb, 2014 12:00am
Journalists, others protest attack

Journalists, others protest attack

Journalists and others staged a protest demonstration against a hand-grenade attack on the Recorder House, which houses Aaj News and Business Recorder, here on Tuesday. The protest was organised here on the call of Pakistan Federal Union of
Published 19 Feb, 2014 12:00am
Brazilian envoy meets BISP chairman

Brazilian envoy meets BISP chairman

Brazilian Ambassador in Pakistan Alfredo Leoni called on Chairman Benzair Income Support Programme (BISP) Enver Baig, here on Tuesday, during which both the dignitaries shared their views on exchange of technical expertise in the areas of social protectio
Published 19 Feb, 2014 12:00am
KhUJ holds protest to condemn attack on Recorder House

KhUJ holds protest to condemn attack on Recorder House

Journalists staged a protest demonstration outside Peshawar Press Club on Tuesday and condemned the attack on Recorder House on Monday by unidentified miscreants in Karachi. The demonstration was spearheaded by Khyber Union of Journalists (KhUJ) President
Published 19 Feb, 2014 12:00am
PBA condemns attacks

PBA condemns attacks

PBA has strongly condemned the attempted attack on ARY Group offices in Karachi, today. These present series of attacks on media which started yesterday with attacks on Aaj TV and Nawa-e-Waqt offices are attempts to prevent media from
Published 19 Feb, 2014 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell on Tuesday as the market took a breather after a three-day rally that pushed it over $1,330 an ounce, but prices hovered around a 3-1/2 month high due to lingering worries over global economic growth. Bullion came under pressure as US equities g
Published 19 Feb, 2014 12:00am
US MIDDAY: soyabeans surge

US MIDDAY: soyabeans surge

US soyabean futures surged to a five-month high on Tuesday as adverse weather in South America fuelled concerns about smaller crops in key exporters Brazil and Argentina. Wheat rose for a third consecutive session, underpinned by technical momentum from r
Published 19 Feb, 2014 12:00am
Gold down in Europe

Gold down in Europe

Gold moved lower on Tuesday after a three-day rally that pushed it over $1,332 an ounce, but prices remained within reach of a 3-1/2 month high due to persistent concerns over global economic growth. Gold gained 2.9 percent in three straight sessions foll
Published 19 Feb, 2014 12:00am
Gold slips in Asia

Gold slips in Asia

Gold drifted lower on Tuesday as traders took profits from recent gains, but the safe-haven metal held not far off 3-1/2 month highs due to a weaker US dollar and concerns over global economic growth. Bullion is up 10 percent this year - after losing near
Published 19 Feb, 2014 12:00am
Brazilian weather woes propel coffee to one-year high

Brazilian weather woes propel coffee to one-year high

Coffee futures on ICE jumped around 7 percent in heavy volume to their highest in a year on Tuesday, with dryness in top grower Brazil galvanising investors to increase holdings of the commodity. Raw sugar on ICE Futures US also surged in hefty dealings a
Published 19 Feb, 2014 12:00am
Malaysian palm oil hits 1-1/2-year high

Malaysian palm oil hits 1-1/2-year high

Malaysian palm oil futures rose for a fifth straight session on Tuesday, touching a one-and-a-half-year high due to firmer comparative oils and expectations of rising demand, coupled with falling exports. The benchmark May contract on the Bursa Malaysia D
Published 19 Feb, 2014 12:00am
Tokyo rubber rises

Tokyo rubber rises

Tokyo rubber futures rose more than 1 percent to a three-week high on Tuesday, supported by a weaker yen but profit-taking capped gains, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery finished higher 0.4 yen
Published 19 Feb, 2014 12:00am
US crude gains more than $1 on report of Cushing draw

US crude gains more than $1 on report of Cushing draw

US crude oil gained more than $1 to hit a fresh 4-month high on Tuesday, as traders anticipated continued demand for the US benchmark following a report of a large draw from the Cushing, Oklahoma storage hub. Brent crude oil futures hit $110 a barrel, the
Published 19 Feb, 2014 12:00am
Copper rises, China cash drain caps gains

Copper rises, China cash drain caps gains

Copper rose on Tuesday as support from a strong euro helped cushion concerns about short-term demand in China after its central bank moved to tighten the money supply. The People's Bank of China (PBOC) issued cash-draining forward bond repurchase agreemen
Published 19 Feb, 2014 12:00am
Shanghai copper down

Shanghai copper down

The most-traded April copper contract on the Shanghai Futures Exchange shed 0.6 percent to 50,700 yuann ($8,400) a tonne on Tuesday A post-Lunar New Year pick up in Chinese buying was supporting prices. A crank up in Chinese industrial activity into the s
Published 19 Feb, 2014 12:00am
Major banks' commodities revenue slid 18 percent in 2013

Major banks' commodities revenue slid 18 percent in 2013

Commodities revenue at the top 10 investment banks dropped 18 percent in 2013 in a third year of declines due to weak investor interest and low volatility, a consultancy said on Tuesday. Revenue from commodities for top banks fell to $4.5 billion last yea
Published 19 Feb, 2014 12:00am
Karzai condemns killing after Taliban peace talks in Dubai

Karzai condemns killing after Taliban peace talks in Dubai

Afghan President Hamid Karzai on Tuesday condemned the killing of a former Taliban minister, saying the victim had recently returned from a Taliban meeting in Dubai where he had supported peace talks. Abdul Raqeeb was gunned down in Pakistan's north-weste
Published 19 Feb, 2014 12:00am
Italy recalls India envoy over marines case

Italy recalls India envoy over marines case

Italy on Tuesday recalled its ambassador to India and summoned the Indian ambassador to express its concern over a delay in court proceedings against two Italian marines accused of killing two Indian fishermen. Ambassador Basant Kumar Gupta was summoned "
Published 19 Feb, 2014 12:00am
Uzbek first daughter's associates detained in fraud probe

Uzbek first daughter's associates detained in fraud probe

Three executives thought to be close associates of the Uzbek president's out-of-favour eldest daughter have been detained in a fraud probe, a source in the prosecutor's office told AFP on Tuesday. The detentions are the latest setback to befall Gulnara Ka
Published 19 Feb, 2014 12:00am
Poland charges suspected paedophile priest

Poland charges suspected paedophile priest

Polish prosecutors on Tuesday charged a Roman Catholic priest suspected of sex offences against children in Poland and in the Dominican Republic. The 36-year-old Polish priest, who was arrested on Monday, is identified only as Wojciech G for legal reasons
Published 19 Feb, 2014 12:00am
India parliament TV feed cut during vote on new state

India parliament TV feed cut during vote on new state

The live broadcast of proceedings in the Indian parliament was suddenly halted on Tuesday shortly before lawmakers voted to pass a controversial bill creating the country's 29th state. Days after the parliament was adjourned when one lawmaker opposed to t
Published 19 Feb, 2014 12:00am
EU set to urge more reform as it softens Zimbabwe sanctions

EU set to urge more reform as it softens Zimbabwe sanctions

The European Union was set to urge further reform in Zimbabwe as it continued Tuesday to soften punishing sanctions imposed against President Robert Mugabe and his allies more than a decade ago. A high-level EU delegation was on its way to Harare to meet
Published 19 Feb, 2014 12:00am
Former US Congressman arrested

Former US Congressman arrested

Former US congressman Melvin Reynolds has been arrested in Zimbabwe, an immigration official said Tuesday, without giving details. "We are with him and we are conducting investigations. That is all I can say at the moment," Ario Mabika, a spokesman for Zi
Published 19 Feb, 2014 12:00am
South Sudan cease-fire in tatters as rebels attack key oil town

South Sudan cease-fire in tatters as rebels attack key oil town

Rebel forces in South Sudan on Tuesday launched a major assault against the key oil-hub of Malakal, witnesses and officials said, as a cease-fire agreement with the government appeared to be in tatters. Aid sources said small arms fire could be heard insi
Published 19 Feb, 2014 12:00am
English judges uphold prison terms for life

English judges uphold prison terms for life

England's Court of Appeal on Tuesday upheld the principle of jail terms for life, following a European ruling that left judges unsure whether they could still impose the punishment. Five judges found that whole-life sentences were "entirely compatible" wi
Published 19 Feb, 2014 12:00am
Kerry in surprise Tunisia trip as US-Egypt ties fray

Kerry in surprise Tunisia trip as US-Egypt ties fray

US Secretary of State John Kerry made an unannounced trip to Tunisia on Tuesday to back the transition to democracy in the North African country that spawned the Arab Spring. His visit came amid troubled relations between the United States and long-time a
Published 19 Feb, 2014 12:00am
Photo goes viral of 'lost' Syria refugee child

Photo goes viral of 'lost' Syria refugee child

A photo of a four-year-old Syrian refugee has gone viral on social media after claims he was wandering the desert in search of his family when he was really just metres behind them. Several media retweeted the picture posted Sunday by UN refugee official
Published 19 Feb, 2014 12:00am
Bomb blasts in Iraq kill 49

Bomb blasts in Iraq kill 49

Bombs exploded in predominantly Shia Muslim districts of the Iraqi capital and in the southern city of Hilla on Tuesday, killing at least 49 people, police and hospital sources said. No group immediately claimed responsibility for any of the attacks, but
Published 19 Feb, 2014 12:00am
Singapore bans disputed Indonesian navy ship

Singapore bans disputed Indonesian navy ship

Singapore said Tuesday it will ban from its ports and naval bases an Indonesian navy ship named after two marines who bombed an office complex in the city-state in the 1960s. Defence Minister Ng Eng Hen said the ship will be barred as part of a dispute ov
Published 19 Feb, 2014 12:00am
Paris Picasso museum to reopen after five years

Paris Picasso museum to reopen after five years

Five years after it closed for a two-year renovation, Paris's Picasso museum - which houses one of the world's most extensive collections of the Spanish master's work - is to reopen its doors. The final bill for the refurbishment of the 17th-century baroq
Published 19 Feb, 2014 12:00am
McCullum's 300 sees New Zealand take India series

McCullum's 300 sees New Zealand take India series

An epic triple century by Brendon McCullum in a record-laden innings took New Zealand from the brink of a Test defeat to a remarkable series win over India on Tuesday. The second Test petered out in a draw with India on 166-3 in their second innings after
Published 19 Feb, 2014 12:00am
Pakistan capable of winning Asia Cup again: Moin

Pakistan capable of winning Asia Cup again: Moin

Reposing confidence in the team selected for Asia Cup, head coach of Pakistan cricket team Moin Khan on Tuesday said Pakistan cricket team is capable of winning the Asia Cup again. "My task is to win the tournament, you will see a positive attitude and po
Published 19 Feb, 2014 12:00am
StanChart arrange: LFC football screening for journalists

StanChart arrange: LFC football screening for journalists

Standard Chartered Bank arranged a match viewing for leading journalists and the chapter of the official Liverpool Fan Club - Pak Reds - in Karachi recently. The objective was to allow the sports journalists and fans to view an interesting match together,
Published 19 Feb, 2014 12:00am
Talent hunt programme launched to discover potential cricketers

Talent hunt programme launched to discover potential cricketers

District Administration (DA) launches Talent Hunt Programme to discover the potential players of cricket with the assistance of international cricketer Saeed Ajmal. This was declared by DCO Noor-ul-Amin Mengal while addressing the press conference along w
Published 19 Feb, 2014 12:00am
New Zealand win boosts arch-rival Aussies

New Zealand win boosts arch-rival Aussies

New Zealand's series win over India has done a favour for arch-rivals Australia by putting them on the verge of reaching the world number two Test ranking, officials said Tuesday. The Black Caps wrapped up a 1-0 win in Wellington but they were not the onl
Published 19 Feb, 2014 12:00am
UEFA sanctions Serbia, CSKA Moscow, Limassol for racism

UEFA sanctions Serbia, CSKA Moscow, Limassol for racism

Serbia, Russian club CSKA Moscow and Cypriot side Apollon Limassol have all been sanctioned for racist behaviour by fans, European football's governing body UEFA announced on Tuesday . Serbia were hit with a one-match ban on home fans during their next Eu
Published 19 Feb, 2014 12:00am
Maze strikes double gold, political wounds reopen

Maze strikes double gold, political wounds reopen

Slovenian alpine skier Tina Maze struck double Olympic gold on Tuesday while the stark political realities of the Sochi Games were exposed by the arrests of members of the high-profile Pussy Riot punk group. Maze bagged her second title after sharing the
Published 19 Feb, 2014 12:00am
Sterling dips

Sterling dips

Sterling weakened against the euro on Tuesday after UK inflation dropped below the Bank of England's target for the first time in more than four years, easing pressure on the central bank to raise interest rates. The euro, which hit a one-year low against
Published 19 Feb, 2014 12:00am
Asian forex: Thai clashes hit baht; rupiah leads losses

Asian forex: Thai clashes hit baht; rupiah leads losses

The Thai baht weakened as political violence worsened in Bangkok with three people killed in gun battles on Tuesday, while the Indonesian rupiah led slides in other emerging Asian currencies. A Thai police officer and two protesters were killed in the sho
Published 19 Feb, 2014 12:00am
Yuan slips

Yuan slips

China's yuan barely budged against the dollar on Tuesday, with caution over future prospects for emerging market currencies overshadowing positive foreign investment data. China drew $10.76 billion in foreign direct investment (FDI) in January, up 16.1 pe
Published 19 Feb, 2014 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 Tuesday. 77.75-77.75 (77.75-77.75). Call Money Rates: 06.75-08.28 percent (previous 05.50-08.25 percent). ( revised).
Published 19 Feb, 2014 12:00am
Yen weakens versus dollar, euro in London

Yen weakens versus dollar, euro in London

The yen fell to its lowest point in nearly three weeks against the dollar and the euro on Tuesday, after the Bank of Japan held policy steady, as expected, and extended a special lending programme to support the economy. In an attempt to get Japanese bank
Published 19 Feb, 2014 12:00am
Early trade in New York: dollar hits seven-week low versus euro

Early trade in New York: dollar hits seven-week low versus euro

The dollar on Tuesday fell against the euro to its lowest in seven weeks after a gauge of manufacturing in New York state slowed in February, stoking uncertainty about the direction of the Federal Reserve's monetary policy. The New York Fed's "Empire Stat
Published 19 Feb, 2014 12:00am
Yen tumbles in Asia

Yen tumbles in Asia

The yen dropped against its major counterparts on Tuesday, after the Bank of Japan held policy steady as expected and extended a special lending program to support the economy. The BoJ maintained its upbeat economic assessment, suggesting no further easin
Published 19 Feb, 2014 12:00am
Australian dollar rises

Australian dollar rises

The Australian dollar rose to tackle stiff chart resistance on Tuesday, with investors waiting to see whether the Bank of Japan would hint at the possibility of further easing ahead. The Aussie scaled a fresh one-month peak of $0.9081 where it met a heavy
Published 19 Feb, 2014 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell the most in three weeks on Tuesday on bunched-up dollar demand from importers, with weakness in emerging Asian currencies adding to losses. Dealers cited thin dollar supply due to the Presidents Day holiday in the United States on Mo
Published 19 Feb, 2014 12:00am
FTSE erases yearly loss as BHP rallies

FTSE erases yearly loss as BHP rallies

Britain's top equity index erased its losses for the year as it rose for a third straight session on Tuesday, boosted by BHP Billiton and telecoms operator BT. Shares in Billiton, a global mining company, rose 1.9 percent after its first-half profit beat
Published 19 Feb, 2014 12:00am
Australian shares consolidate

Australian shares consolidate

Australian shares were steady on Tuesday morning, holding near three-month highs as solid earnings from global miner BHP Billiton eclipsed a handful of weaker results. In recent session the market has moved up rapidly as the earnings season has so far lar
Published 19 Feb, 2014 12:00am
European stock rally stalls, retailers pressured

European stock rally stalls, retailers pressured

Europe's top shares steadied on Tuesday, held back by retailers, as traders bet the market rally that followed the emerging-market slump had run out of steam. The euro zone's blue-chip Euro STOXX 50 closed down 0.1 percent at 3,117.44 points, consolidatin
Published 19 Feb, 2014 12:00am
Tokyo stocks jump 3.13 percent after BoJ decision

Tokyo stocks jump 3.13 percent after BoJ decision

Tokyo stocks jumped 3.13 percent by the close Tuesday after the Bank of Japan held off expanding its asset-buying programme, but said it would boost some lending schemes to stimulate borrowing. The Nikkei-225 index soared 450.13 points to 14,843.24, scori
Published 19 Feb, 2014 12:00am
Sri Lankan shares fall

Sri Lankan shares fall

Sri Lankan shares fell for a fourth straight session on Tuesday to a six-week low as foreign investors dumped the island nation's risky assets on a day of thin trading. The main stock index ended lower 0.57 percent, or 34.45 points, at 6,021.66, its lowes
Published 19 Feb, 2014 12:00am
Seoul shares flat

Seoul shares flat

Seoul shares ended effectively flat on Tuesday after the Bank of Japan extended and expanded special loan facilities while keeping its main policy rate on hold, scraping back losses sustained earlier when investors booked profits. The Korea Composite Stoc
Published 19 Feb, 2014 12:00am
Indian shares end higher banks, metals lead

Indian shares end higher banks, metals lead

Indian shares rose to a three-week high on Tuesday, with banks extending gains on the government's budget commitment to maintaining fiscal deficit, while firm global prices lifted metal stocks. Finance Minister Palaniappan Chidambaram stuck to the expecte
Published 19 Feb, 2014 12:00am
Southeast Asian markets: Thai shares down on political unrest

Southeast Asian markets: Thai shares down on political unrest

Southeast Asian stocks were mixed on Tuesday with Thai shares underperforming as caution prevailed due to continued political risks amid concerns over sluggish economic growth this year. Thailand's SET index ended down 0.5 percent, after having hit an eig
Published 19 Feb, 2014 12:00am
Tuesday's midday trade: Wall Street slightly higher

Tuesday's midday trade: Wall Street slightly higher

US stocks were slightly higher on Tuesday after Wall Street's biggest gain of the year, boosted by Tesla shares which hit an all-time high, giving a lift to the tech-heavy Nasdaq index. Economic reports were disappointing. US homebuilder confidence suffer
Published 19 Feb, 2014 12:00am
Hong Kong stocks up, China down

Hong Kong stocks up, China down

Hong Kong shares extended the previous day's gains to close up 0.23 percent Tuesday. The benchmark Hang Seng Index ended up 51.78 points to 22,587.72 on turnover of HK$55.4 billion ($7.14 billion). The market had no cues from Wall Street, which was closed
Published 19 Feb, 2014 12:00am
South African shares book record close, led by BHP Billiton

South African shares book record close, led by BHP Billiton

South African shares booked a record close on Tuesday after hitting a lifetime high in earlier trade, led by global mining company BHP Billiton and as more stimulus from the Bank of Japan cheered markets globally. The Bank of Japan maintained its expansio
Published 19 Feb, 2014 12:00am
TSX gains for 10th day

TSX gains for 10th day

Canada's main stock index hit its highest in nearly 3 years on Tuesday, extending gains to a tenth straight session, as global equity markets responded positively after the Bank of Japan stuck to its stimulative measures to boost the economy. The Japanese
Published 19 Feb, 2014 12:00am
Egypt's bourse hits five-year high on election law talk

Egypt's bourse hits five-year high on election law talk

Egypt's bourse surged to a five-year high after a local newspaper reported that discussions over a new presidential election law would begin on Wednesday, while Dubai's shares fell in profit-taking after mixed earnings reports. Cairo's Al-Ahram said an ad
Published 19 Feb, 2014 12:00am
Germany fines sugar producers for price fixing

Germany fines sugar producers for price fixing

Germany's competition watchdog said on Tuesday it had slapped a fine totalling 280 million euros ($385 million) on the country's three biggest sugar producers for price fixing. The three companies - Pfeifer & Langen, Suedzucker and Nordzucker - can still
Published 19 Feb, 2014 12:00am
Candy Crush creator plans float on New York stock exchange

Candy Crush creator plans float on New York stock exchange

The developer behind the wildly-addictive Candy Crush puzzle game said Tuesday it is seeking a listing on the New York Stock Exchange. Millions of commuters, teenagers - even pensioners - clock in daily to test their skills at the game, which involves lin
Published 19 Feb, 2014 12:00am
UK inflation falls below BoE target for first time since November 2009

UK inflation falls below BoE target for first time since November 2009

British inflation last month fell below the Bank of England's target level for the first time in over four years, further bolstering the BoE's message that there is no rush to raise interest rates. Consumer prices rose 1.9 percent on the year in January,
Published 19 Feb, 2014 12:00am
Actavis to buy Forest for $25 billion

Actavis to buy Forest for $25 billion

Generic drugmaker Actavis Plc said on Tuesday it would buy Forest Laboratories Inc for about $25 billion in cash and stock, expanding its portfolio of specialty pharmaceuticals for neurological and other disorders. The deal means a major pay-day for activ
Published 19 Feb, 2014 12:00am
Express lifts bottom line with cost savings

Express lifts bottom line with cost savings

Dutch logistics company TNT Express said on Tuesday its long-term cost savings programme is on track to hit a 240 million euro ($329 million) target by 2015 and boosted profit by 35 million euros last year. TNT Express was forced to come up with a standal
Published 19 Feb, 2014 12:00am
More weak US economic data puts cracks in weather theory

More weak US economic data puts cracks in weather theory

US homebuilder confidence suffered its largest one-month drop ever in February, heightening concerns that recent signs of weakness in the economy reflect deeper problems than the severe weather that has gripped much of the country. The National Associatio
Published 19 Feb, 2014 12:00am
Coca-Cola sales miss estimates, shares slip

Coca-Cola sales miss estimates, shares slip

Coca-Cola Co's global sales volumes rose less than the company expected in the fourth quarter and fell in North America, sending its shares down as much as 4 percent. Coke, like rival PepsiCo Inc, has been battling declining soda sales in developed market
Published 19 Feb, 2014 12:00am
Coca-Cola sales miss estimates, shares slip

Coca-Cola sales miss estimates, shares slip

Coca-Cola Co's global sales volumes rose less than the company expected in the fourth quarter and fell in North America, sending its shares down as much as 4 percent. Coke, like rival PepsiCo Inc, has been battling declining soda sales in developed market
Published 19 Feb, 2014 12:00am
AT&T, IBM in big data tie-up

AT&T, IBM in big data tie-up

AT&T and IBM announced plans Tuesday to join forces to help cities, utilities and others use big data analytics to better manage their infrastructure. The companies said in a joint statement they will "combine their analytic platforms, cloud, and security
Published 19 Feb, 2014 12:00am
BHP Billiton cost cuts boost profit

BHP Billiton cost cuts boost profit

Global miner BHP Billiton topped market forecasts with a 31 percent rise in first-half profit on Tuesday and hinted it may launch a share buyback in August, despite a cautious outlook on Chinese growth. After achieving annualised cost savings of $4.9 bill
Published 19 Feb, 2014 12:00am
BHP Billiton cost cuts boost profit

BHP Billiton cost cuts boost profit

Global miner BHP Billiton topped market forecasts with a 31 percent rise in first-half profit on Tuesday and hinted it may launch a share buyback in August, despite a cautious outlook on Chinese growth. After achieving annualised cost savings of $4.9 bill
Published 19 Feb, 2014 12:00am
Thai GDP growth slumps in fourth quarter

Thai GDP growth slumps in fourth quarter

Thailand's economic growth slowed significantly in the final quarter of 2013 and the state planning agency cut its forecast for this year because of political unrest that could prevent the formation of a fully functioning government for months. Southeast
Published 19 Feb, 2014 12:00am
China calls for fair handling of escalating solar dispute with US

China calls for fair handling of escalating solar dispute with US

China urged the United States on Monday to "objectively and fairly" handle an ongoing trade dispute between the two countries after Washington signalled last week it could extend import duties on Chinese solar panels to a wider range of products. The US I
Published 19 Feb, 2014 12:00am
Mixed trend on grain market

Mixed trend on grain market

Rates moved both ways on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the cereals side, Moong Punjab and Peshawar picked up Rs 315 to Rs 11000 due to strong demand, Gur was higher by Rs 200 to Rs 4700-5100, othe
Published 19 Feb, 2014 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday for a second straight session, rebounding modestly from 3-1/2 year lows reached last week. Lack of farmer selling due to low prices underpinned canola. A trader also noted some liquidation of long soybean-short
Published 19 Feb, 2014 12:00am
Cotton market: mills, exporters evince interest for fine type

Cotton market: mills, exporters evince interest for fine type

Trading activity improved on the cotton market on Tuesday as mills and exporters showed interest in fine variety, dealers said. The official spot rate was unchanged at Rs 7,000, they added. Prices of seed cotton in Sindh per 40 kg were unchanged at Rs 250
Published 19 Feb, 2014 12:00am
Oil cake market rates

Oil cake market rates

The March vaida still under pressure while the May contract was inert on forward cottonseeds oilcake market on Tuesday in process of trading, dealers said. The March contract closed at Rs 1253.50 and it opened with a fall of 30 paisa at Rs 1253.20 in the
Published 19 Feb, 2014 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 102,684 tonnes of cargo comprising 73,400 tonnes of import cargo and 29,284 tonnes of export cargo including 4,781 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 73,
Published 19 Feb, 2014 12:00am
Vietnamese coffee farmers selling beans to exporters

Vietnamese coffee farmers selling beans to exporters

Vietnamese coffee farmers were selling beans on domestic markets to exporters as prices firmed in line with global trends, but foreign buying demand remained thin, traders said on Tuesday. Farmers in Vietnam, the world's largest robusta producer, have beg
Published 19 Feb, 2014 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Cash basis bids for hard red winter wheat were steady in the southern US Plains on Tuesday, dealers said. The market was quiet with routine dealings noted. Weather was turning warmer in the US Plains and melting snow was helpful for the new wheat, which w
Published 19 Feb, 2014 12:00am
India's 2013 tea exports rise

India's 2013 tea exports rise

India's tea exports in 2013 nudged higher by nearly 2 percent to 211.86 million kgs due to higher purchases by Iran, the state-run Tea Board said in a statement. The world's second biggest tea producer sold 22.34 million kg of tea to Iran in 2013, compare
Published 19 Feb, 2014 12:00am
Indian soy, sugar futures end up

Indian soy, sugar futures end up

Indian soy futures ended up on higher global prices and poor soybean supplies in spots, while rapeseed reflected the sentiment of soy complex. The key March soybean contract ended up 0.5 percent at 3,976.5 rupees per 100 kg on the NCDEX. The March soyoil
Published 19 Feb, 2014 12:00am
Indian guar futures down

Indian guar futures down

Indian guar futures ended down on Tuesday as fundamentals continued to be weak on expectations of higher output and large carry-forward stocks. Guar could open down in the next session. The March guar seed contract ended down 2.1 percent at 4,875 rupees p
Published 19 Feb, 2014 12:00am
Indonesia's tin exports to fall 35 percent

Indonesia's tin exports to fall 35 percent

Indonesia's top tin miner PT Timah sees shipments from the world's top exporter falling by up to 35 percent this year, the state-owned firm said in a filing with the Jakarta stock exchange late on Monday, with shipments being hampered by new trading rules
Published 19 Feb, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

Pakistan Mercantile Exchange (PMEX) witnessed significant drop in volume due to early closure of market on account of US President's Day. Total value of trade plunged by 64 per cent to PKR1,921 million from PKR5,288 million recorded on Monday. Number of l
Published 19 Feb, 2014 12:00am
US Midwest corn bids fall

US Midwest corn bids fall

Corn spot basis bids were steady to lower at US Midwest processors, ethanol plants and elevators on Tuesday in the wake of a broad spike in farmer sales last week that left plentiful end-user supplies for the remainder of the month, grain merchants said.
Published 19 Feb, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 Feb, 2014 12:00am
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