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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-07-18
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.86 percent in mid-morning trade on Thursday, dragged down by Taiwan Semiconductor Manufacturing Co Ltd (TSMC), whose shares fell on analyst and local media reports of lost orders. As of 0320 GMT, the main TAIEX index was down 81.29 po
Published 18 Jul, 2014 12:00am
Latest US sanctions hit Russian assets

Latest US sanctions hit Russian assets

Russian shares fell 2.3 percent on Thursday after Washington imposed its toughest economic sanctions yet on Russian energy, financial and defence firms, also hitting the rouble and the country's sovereign dollar bonds. The US government imposed sanctions
Published 18 Jul, 2014 12:00am
Latest US sanctions hit Russian assets

Latest US sanctions hit Russian assets

Russian shares fell 2.3 percent on Thursday after Washington imposed its toughest economic sanctions yet on Russian energy, financial and defence firms, also hitting the rouble and the country's sovereign dollar bonds. The US government imposed sanctions
Published 18 Jul, 2014 12:00am
Hong Kong shares flat, China stocks fall

Hong Kong shares flat, China stocks fall

Hong Kong shares closed flat Thursday as profit-taking wiped out early gains that were fuelled by a record close on Wall Street. The benchmark Hang Seng Index edged down 2.41 points to 23,520.87 - the first loss in four days - on turnover of HK$52.06 bill
Published 18 Jul, 2014 12:00am
Indian shares gain for third day

Indian shares gain for third day

Indian shares rose for a third straight session on Thursday as lenders such as Kotak Mahindra Bank extended gains on upbeat sentiment as the central bank exempted long-term bonds for the infrastructure sector from reserve requirements. Also, overseas inve
Published 18 Jul, 2014 12:00am
European shares slump on Malaysian plane crash, Russia concerns

European shares slump on Malaysian plane crash, Russia concerns

European shares slumped on Thursday, sharply extending losses at the end of the trading day on news that a Malaysian passenger plane had crashed in Ukraine near the Russian border. The crash revived investors' fears over tensions between Ukraine and Russi
Published 18 Jul, 2014 12:00am
Australian shares higher

Australian shares higher

Australian shares rose 0.1 percent on Thursday as Wall Street edged higher and firmer metal prices helped prop up the mining space, though a fall in the country's second-largest power retailer tempered gains. AGL Energy Ltd tumbled 5.5 percent, its larges
Published 18 Jul, 2014 12:00am
Southeast Asian markets: Indonesia retreats but inflows continue

Southeast Asian markets: Indonesia retreats but inflows continue

Indonesian shares ended two days of gains on Thursday as local investors led selling in rallying shares such as Semen Indonesia and Bank Tabungan Negara, but steady inflows since last week's elections reflected a broader positive sentiment. The vote count
Published 18 Jul, 2014 12:00am
FTSE extends losses after airliner shot down in Ukraine

FTSE extends losses after airliner shot down in Ukraine

Britain's top share index extended losses in late trading on Thursday after a Ukrainian official said that a Malaysia Airlines plane was shot down over eastern Ukraine by militants. Jittery investors had already sold off stocks earlier in the session foll
Published 18 Jul, 2014 12:00am
Yuan little changed

Yuan little changed

China's yuan stayed flat against the dollar on Thursday as dollar supply and demand was roughly balanced out by sales from industrial companies on the one hand and massive purchases by several large Chinese banks on the other, traders said. Spot yuan stoo
Published 18 Jul, 2014 12:00am
Euro under broad pressure in Asia

Euro under broad pressure in Asia

The euro wallowed at five-month lows against the yen on Thursday and held near a two-year trough on sterling, having weakened broadly overnight in a move that should provide some comfort to the European Central Bank. Traders said recent upbeat UK data had
Published 18 Jul, 2014 12:00am
Yen hits five-month high against euro in London

Yen hits five-month high against euro in London

The yen hit a five-month high against the euro on Thursday on renewed safe-haven inflows as the West imposed more sanctions on Russia, which weighed on global risk sentiment. European stocks were in the red while German bunds, another safe haven in times
Published 18 Jul, 2014 12:00am
Dollar rises broadly

Dollar rises broadly

The dollar rose broadly on Wednesday amid market speculation Federal Reserve Chair Janet Yellen is tilting toward tightening monetary policies that have kept US interest rates at record lows. "We are seeing the dollar strong against the euro, against ster
Published 18 Jul, 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 Thursday. 77.58-77.60 (previous 77.60-77.60). Call Money Rates: 05.50-07.25 percent (previous 05.50-07.25 percent).
Published 18 Jul, 2014 12:00am
Sri Lankan rupee slips

Sri Lankan rupee slips

The Sri Lanka rupee ended weaker for a second straight day on Thursday as importer dollar demand outpaced inflows from remittances and exporters' greenback sales, dealers said. The rupee ended at 130.24/28 per dollar, weaker from the previous close of 130
Published 18 Jul, 2014 12:00am
Indian rupee edges lower

Indian rupee edges lower

The Indian rupee dipped slightly on Thursday as dollar buying by state-run banks and the rise in global oil prices kept the local currency under pressure. Dealers say the pair will continue to trade in a narrow range in the immediate future. State-run ban
Published 18 Jul, 2014 12:00am
Most emerging Asian currencies rise

Most emerging Asian currencies rise

Most emerging Asian currencies rose on Thursday, while the Indonesian rupiah held above a one-week low ahead of the release by next week of the official results of Indonesia's presidential election. The rupiah eased 0.1 percent on the day to 11,705, but r
Published 18 Jul, 2014 12:00am
New Zealand dollar down, Aussie steadies

New Zealand dollar down, Aussie steadies

The Australian dollar was holding steady on Thursday having rebounded from two-week lows, proving more resilient than its New Zealand counterpart in a week that saw soft local inflation figures tame kiwi bulls. The Aussie was at $0.9361 after bouncing ove
Published 18 Jul, 2014 12:00am
Sterling near 22-month high versus euro

Sterling near 22-month high versus euro

Sterling hit a 22-month high against the euro on Thursday, before retreating slightly, as traders wagered on an increasingly divergent monetary outlook between Britain and the euro zone.
Published 18 Jul, 2014 12:00am
Former South African president grilled over arms deal

Former South African president grilled over arms deal

Former South African president Thabo Mbeki was grilled Thursday over a multi-billion-dollar arms deal tainted by charges of corruption and kickbacks which have dogged the government for a decade. Testifying before a commission of inquiry, Mbeki defended t
Published 18 Jul, 2014 12:00am
Thai junta allows deposed Prime Minister to leave country

Thai junta allows deposed Prime Minister to leave country

Thailand's junta has given permission to ousted former prime minister Yingluck Shinawatra to leave the country for the first time since a May 22 coup, a military spokesman said Thursday. Yingluck is expected to travel to Paris next week to attend the 65th
Published 18 Jul, 2014 12:00am
US, allies use economic scare tactics in talks with Iran

US, allies use economic scare tactics in talks with Iran

Behind closed doors in a 19th-century Viennese palace, US and European negotiators have tried to scare Iran with facts and figures showing that without a swift nuclear deal it will plunge further into economic ruin. In conference rooms at the Palais Cobur
Published 18 Jul, 2014 12:00am
Governor confirms deal reached to avert rail strike

Governor confirms deal reached to avert rail strike

New York Governor Andrew Cuomo confirmed a threatened Long Island Rail Road strike was averted on Thursday with a tentative agreement reached between the Metropolitan Transportation Authority and unions representing rail workers. "It is my pleasure to ann
Published 18 Jul, 2014 12:00am
New York governor revives talks to avert threatened rail strike

New York governor revives talks to avert threatened rail strike

New York Governor Andrew Cuomo took the lead on Thursday in talks aimed at averting a strike on the Long Island Rail Road, the nation's busiest commuter railway. Three days before the threatened walkout at 12:01 am EDT (0401 GMT) on Sunday, Cuomo called a
Published 18 Jul, 2014 12:00am
Japan, Britain to launch joint missile research

Japan, Britain to launch joint missile research

Japan said Thursday it would join forces with Britain to jointly develop missile technology for fighter jets, while also moving to export Japanese-made parts for US surface-to-air missiles. The decision comes several months after Japan lifted a self-impos
Published 18 Jul, 2014 12:00am
14 Tunisian troops killed as army suffers deadliest attack

14 Tunisian troops killed as army suffers deadliest attack

Assailants have killed 14 Tunisian soldiers near the Algerian border, the government said Thursday, in the worst such attack in the army's history as it presses a crackdown on jihadists. The attack took place in the Mount Chaambi region on Wednesday eveni
Published 18 Jul, 2014 12:00am
Afghan poll audit starts after Taliban raid airport

Afghan poll audit starts after Taliban raid airport

Afghanistan on Thursday began a massive audit of 8.1 million ballots cast in the run-off round of its controversial presidential vote, hours after a brazen Taliban raid on Kabul's airport. The audit is aimed at reversing a destabilising political crisis t
Published 18 Jul, 2014 12:00am
French president visits Ivory Coast to boost economic ties

French president visits Ivory Coast to boost economic ties

French President Francois Hollande on Thursday began a visit to Ivory Coast to boost economic ties with a nation emerging from a long conflict that divided it and set back production. France is the main trading partner of its former colony, the world's le
Published 18 Jul, 2014 12:00am
Austrian computer visionary Zemanek dies

Austrian computer visionary Zemanek dies

Austrian computing pioneer Heinz Zemanek, who designed Europe's first computer, has died in Vienna aged 94, his university said on Thursday. Zemanek created the "Mailuefterl" processor in 1955, the first machine to be connected entirely by transistors, wh
Published 18 Jul, 2014 12:00am
Three drown as Italian navy rescues over 1,000 migrants

Three drown as Italian navy rescues over 1,000 migrants

Italy's navy on Thursday said it had rescued more than 1,000 migrants from multiple boats intercepted crossing the Mediterranean over the past 24 hours, as smugglers take advantage of calm summer seas. The rescues came as Libya's navy said it had retrieve
Published 18 Jul, 2014 12:00am
Australia abolishes divisive carbon tax

Australia abolishes divisive carbon tax

Australia on Thursday axed a divisive carbon tax after years of vexed political debate, in a move criticised as regressive and out of step with the rest of the world. The upper house Senate voted 39-32 to scrap the charge, which was imposed by the former
Published 18 Jul, 2014 12:00am
Man City land five-year sponsor deal with Nissan

Man City land five-year sponsor deal with Nissan

English Premier League champions Manchester City have landed a five-year sponsorship deal with Japanese automaker Nissan, both parties said on Thursday. Financial terms of the deal, announced at Nissan's global headquarters in Yokohama, were not disclosed
Published 18 Jul, 2014 12:00am
Tiernan-Locke cops two-year doping ban

Tiernan-Locke cops two-year doping ban

British rider Jonathan Tiernan-Locke has been hit with a two-year doping suspension, the International Cycling Union (UCI) has revealed. The Sky rider was caught out by his biological passport from 2012, before he joined the British World Tour squad. The
Published 18 Jul, 2014 12:00am
Anderson-Jadeja hearing set for Tuesday

Anderson-Jadeja hearing set for Tuesday

England's James Anderson and India's Ravindra Jadeja will face a preliminary hearing regarding their International Cricket Council disciplinary charges on Tuesday, the global governing body has announced. Both players were charged by the respective opposi
Published 18 Jul, 2014 12:00am
Rahane's century rescues India at Lord's

Rahane's century rescues India at Lord's

Ajinkya Rahane scored a well-compiled century to help rescue India's first innings on the opening day of the second test against England at Lord's on Thursday. England had reduced the visitors to 145 for seven on a bowler-friendly pitch early in the final
Published 18 Jul, 2014 12:00am
Brazil delay naming new coach, revamp backroom staff

Brazil delay naming new coach, revamp backroom staff

Putting a decision on the back burner as to who will succeed Luiz Felipe Scolari as national coach, Brazil on Thursday revealed a revamped technical commission. Following their failure to win the World Cup on home soil, Scolari and his backroom staff resi
Published 18 Jul, 2014 12:00am
IMG dump troubled Tomic as client

IMG dump troubled Tomic as client

Global management company IMG said Thursday it had split with troubled Australian tennis star Bernard Tomic, reportedly amid concerns over his off-court behaviour. The agency used social media to announce it had cut ties with the 21-year-old, but did not
Published 18 Jul, 2014 12:00am
UEFA to void yellow cards after quarter-finals

UEFA to void yellow cards after quarter-finals

Players on a yellow card will have their bookings voided after the quarter-finals of the Champions League and Europa League, UEFA said on Thursday. "As of this season, all yellow cards from the beginning of the group stage will expire on completion of the
Published 18 Jul, 2014 12:00am
Germany return to top of FIFA's rankings

Germany return to top of FIFA's rankings

Germany's charge to claim Sunday's World Cup title has seen them return to the top of FIFA's world rankings for the first time in around 20 years. The latest list, published on Thursday, has Germany moving up one place on the strength of their 1-0 defeat
Published 18 Jul, 2014 12:00am
Ton-up Duminy lifts South Africa in first Test

Ton-up Duminy lifts South Africa in first Test

Jean-Paul Duminy hit a superb unbeaten century to put South Africa in a position of strength on the second day of the first Test against Sri Lanka on Thursday. The left-hander came in to bat with the Proteas placed at a shaky 331-7 but he batted sensibly
Published 18 Jul, 2014 12:00am
Woods upset at phone and camera nuisances

Woods upset at phone and camera nuisances

Tiger Woods showed glimpses of his former greatness during a crafted opening three-under 69 at the British Open Thursday, but said it could have been lower if not for cameras clicking and mobile phones going off during his round. The American 14-time majo
Published 18 Jul, 2014 12:00am
Pakistan's football team set to tour India

Pakistan's football team set to tour India

Pakistan's football team are set to tour India for a two-match series, officials said Thursday, as the two nations resume their rivalry after a nine-year hiatus. The last time the two sides met was in 2005 when India toured Pakistan for a three-match seri
Published 18 Jul, 2014 12:00am
KPCCI executive committee announces election schedule

KPCCI executive committee announces election schedule

The executive committee of Khyber-Pakhtunkhwa Chamber of Commerce and Industry announced the election schedule for year 2014-15 here on Thursday. According to the schedule, the elections for executive committee will be held on September 20, while the cont
Published 18 Jul, 2014 12:00am
Departments' bifurcation: no differences between PPP and MQM: Khuhro

Departments' bifurcation: no differences between PPP and MQM: Khuhro

Senior Minister for Education Nisar Ahmed Khuhro on Thursday said there is no difference between PPP and MQM on the bifurcation of health and education departments, adding that bifurcation of the said department is not taken yet while it is being consider
Published 18 Jul, 2014 12:00am
'Fayyaz Leghari to be new IG Police Sindh'

'Fayyaz Leghari to be new IG Police Sindh'

Federal Government consented to approve Sindh government's proposed Fayyaz Leghari as coming Inspector General of Police, Sindh, with which the issue of appointment of Sindh's IG, which had become a bone of contention, is resolved. It would be as late as
Published 18 Jul, 2014 12:00am
Shoaib Warsi appointed SSGC MD

Shoaib Warsi appointed SSGC MD

Consequent to Zuhair Siddiqui's resignation from the office of Managing Director, Sui Southern Gas Company, the Ministry of Petroleum and Natural Resources has appointed Shoaib Warsi as the new MD of the company. The notification of Warsi's appointment wa
Published 18 Jul, 2014 12:00am
LHC seeks reply from NAB chief

LHC seeks reply from NAB chief

The Lahore High Court here on Thursday sought reply from Chairman National Accountability Bureau (NAB) within fortnight in a petition filed by former MD PEPCO Munawar Baseer challenging NAB inquiry against him. The petitioner through his counsel pleaded t
Published 18 Jul, 2014 12:00am
Political & economic terrorism continues in Lyari: JI chief

Political & economic terrorism continues in Lyari: JI chief

Chief of Jamaat-e-Islami (JI), Siraj-ul-Haq, has said that `Political Barhamins' are holding the entire nation hostage for the last 66 years. Speaking at an "Awami Iftar Party" organized by the Jamaat's District South at Lyari's Kakri ground here on Thurs
Published 18 Jul, 2014 12:00am
Government won't leave IDPs in the lurch: Qadir Baloch

Government won't leave IDPs in the lurch: Qadir Baloch

Federal Minister for States and Frontier Region General Abdul Qadir Balouch (Retd) said that the government would not leave the internally displaced persons (IDP), who had migrated from their birth places in North Waziristan Agency owing to military opera
Published 18 Jul, 2014 12:00am
PAT, TMQ take out protest rally against Model Town incident

PAT, TMQ take out protest rally against Model Town incident

Activists of Pakistan Awami Tehreek (PAT) and Tehreek Minhajul Quran (TMQ) took out a protest rally here on Thursday at the Mall Road against the Model Town incident. They blocked the road from Regal to Faisal Chok. The protest rally led by PAT Lahore Pre
Published 18 Jul, 2014 12:00am
Pind Raiyan action: Shahbaz congratulates security forces

Pind Raiyan action: Shahbaz congratulates security forces

Punjab Chief Minister Muhammad Shahbaz Sharif congratulates security forces on successful operation against terrorists in Pind Raiyan, Raiwind and said they have foiled the nefarious designs of terrorists through their courage and professionalism. He appr
Published 18 Jul, 2014 12:00am
Composition of Electoral Reforms Committee finalised

Composition of Electoral Reforms Committee finalised

Matters relating to the formation of Electoral Reforms Committee and its composition were finalised, as the Committee will have one-third representation from the Senate and two-thirds from the National Assembly. In this regard, a meeting was held here at
Published 18 Jul, 2014 12:00am
Two Koreas hold talks on Asian Games participation

Two Koreas hold talks on Asian Games participation

Officials from the two Koreas met for rare talks Thursday to sort out the logistics of Pyongyang sending athletes and cheerleaders to the upcoming Asian Games in the South Korean port city of Incheon. But they failed to reach any agreement as North Korean
Published 18 Jul, 2014 12:00am
Obama wants to crack down on US firms' tax inversions

Obama wants to crack down on US firms' tax inversions

US multinational companies are increasingly seeking to reincorporate overseas through mergers and acquisitions to escape US taxes, raising concerns for the Obama administration. "It's the height of economic absurdity but most of all it's symptomatic of th
Published 18 Jul, 2014 12:00am
EU states cannot jail foreigners awaiting expulsion: court

EU states cannot jail foreigners awaiting expulsion: court

The European Union's top court ruled Thursday that member states cannot jail foreigners awaiting expulsion by arguing there are no special detention centres to hold such people. An EU state "cannot cite the absence of such detention facilities as a reason
Published 18 Jul, 2014 12:00am
Baghdad suicide bombings kill nine people

Baghdad suicide bombings kill nine people

An explosion claimed as a suicide bombing by the Islamic State killed three people on Thursday in the heart of Baghdad and another suicide bomber killed six people just outside the Iraqi capital, police and medics said. Three people were killed in central
Published 18 Jul, 2014 12:00am
Erdogan accuses Israel of seeking 'systematic genocide' in Gaza

Erdogan accuses Israel of seeking 'systematic genocide' in Gaza

Turkish Prime Minister Recep Tayyip Erdogan on Thursday launched his most bitter attack yet against Israel over its air campaign in the Gaza Strip, accusing the Jewish State of seeking a "systematic genocide" of the Palestinians. Erdogan, a pious Muslim w
Published 18 Jul, 2014 12:00am
US blues legend Johnny Winter dies at 70

US blues legend Johnny Winter dies at 70

US blues legend Johnny Winter has died aged 70 in a hotel room near Zurich, Swiss police and a statement on his official Facebook page said Thursday. "His wife, family and bandmates are all saddened by the loss of their loved one and one of the world's fi
Published 18 Jul, 2014 12:00am
World should help 'generous' Kurdistan: UN refugee chief

World should help 'generous' Kurdistan: UN refugee chief

The head of the UN's refugee agency praised Iraq's autonomous region of Kurdistan for welcoming hundreds of thousands of displaced people and urged the world to offer it "massive" support. Antonio Guterres told reporters during a visit to the Al-Khazar ca
Published 18 Jul, 2014 12:00am
Sri Lanka announces probe into military's alleged rights abuses

Sri Lanka announces probe into military's alleged rights abuses

Sri Lanka announced Thursday an investigation into its military over allegations of rights abuses, following intense international pressure for a war-crimes probe into the island's decades-long ethnic conflict. President Mahinda Rajapakse said a current g
Published 18 Jul, 2014 12:00am
Two killed in Somalia attacks

Two killed in Somalia attacks

At least two people have been killed in Somalia in separate attacks, including a car bombing in the capital Mogadishu, officials and witnesses said Thursday. Police said one person died and another was seriously wounded on Thursday when an explosive devic
Published 18 Jul, 2014 12:00am
Millions without power after typhoon hits Philippines

Millions without power after typhoon hits Philippines

Millions of people in the Philippines endured a second sweltering day without power on Thursday after a ferocious typhoon paralysed the capital and wrecked flimsy rural homes, claiming at least 40 lives. Utility crews scrambled to repair thousands of topp
Published 18 Jul, 2014 12:00am
Britain summons Spanish envoy over Gibraltar naval activity

Britain summons Spanish envoy over Gibraltar naval activity

The British government summoned the Spanish ambassador to the Foreign Office in London on Thursday over the actions of a Spanish naval vessel near Gibraltar. A Spanish navy ship tried to divert two commercial vessels heading to the port of Gibraltar by wr
Published 18 Jul, 2014 12:00am
China to hold public trial of foreign couple who worked for GSK

China to hold public trial of foreign couple who worked for GSK

China will try in public a foreign couple linked to drugmaker GlaxoSmithKline Plc on charges of illegally obtaining private information, state media said, after the United States and Britain raised concerns about access to the trial. Chinese prosecutors a
Published 18 Jul, 2014 12:00am
Governments agree to stem cancer-causing arsenic in rice: UN

Governments agree to stem cancer-causing arsenic in rice: UN

Governments have agreed the first international standards limiting cancer-causing arsenic pollution in rice, a key move to protect consumers of what is a staple food for billions, the UN said Thursday. The Codex Alimentarius Commission, the top global dec
Published 18 Jul, 2014 12:00am
ICE cotton futures still under selling pressure

ICE cotton futures still under selling pressure

ICE cotton eased slightly on Wednesday, giving up earlier gains as traders and speculators continued to sell amid forecasts of plentiful supplies and concerns about dwindling demand, with little mill buying to support prices. More stability in other marke
Published 18 Jul, 2014 12:00am
Strikes halt grains exports from Argentina's Rosario hub

Strikes halt grains exports from Argentina's Rosario hub

A strike paralysed all grains exports from Argentina's pivotal Rosario export hub on Thursday, a local business chamber said, disrupting shipping at a busy time in the harvest cycle. Argentina is a leading global exporter of soybeans and corn. Prolonged s
Published 18 Jul, 2014 12:00am
Copper slips, aluminium extends rally

Copper slips, aluminium extends rally

Copper prices fell to their lowest level in two weeks on Thursday amid growing concern over the outlook for metal demand from the property sector after a Chinese builder warned of a possible bond default. Three-month copper on the London Metal Exchange hi
Published 18 Jul, 2014 12:00am
US crude gains $2 on demand expectations

US crude gains $2 on demand expectations

US crude oil jumped by as much as $2 Thursday after a Malaysian airliner crashed over eastern Ukraine on the heels of fresh US sanctions on Russia that had raised geopolitical concerns. Prices were also buoyed by the prospect of increased European demand
Published 18 Jul, 2014 12:00am
Rubber hits one-week high

Rubber hits one-week high

Tokyo rubber futures rose to a one-week high on Thursday as firm oil prices helped spur buying, pushing prices to finish above a major support level of 200 yen, dealers said. The Tokyo Commodity Exchange rubber contract for December delivery rose 3.5 yen
Published 18 Jul, 2014 12:00am
Soyabeans and corn bounce

Soyabeans and corn bounce

US corn and soyabean futures rose on Wednesday in a light bounce after setting multiyear lows a day earlier, but farmer selling and expectations of near-record US harvests limited gains. Wheat firmed in a light short-covering bounce after setting four-yea
Published 18 Jul, 2014 12:00am
Palm oil lower

Palm oil lower

Malaysian palm oil failed to hold on to earlier gains and ended lower on Thursday as the strong ringgit dragged, although losses were curbed by firm export demand and prospects of tighter supplies of the vegetable oil this month. The benchmark October con
Published 18 Jul, 2014 12:00am
Raw sugar slips

Raw sugar slips

Raw sugar futures eased to their lowest level since the start of the month on Thursday, as pressure from the brisk pace of harvesting in top grower Brazil outweighed a pick-up in demand. Arabica coffee on ICE Futures US continued to move up from a five-mo
Published 18 Jul, 2014 12:00am
Gold rebounds in New York

Gold rebounds in New York

Gold rebounded on Wednesday after two consecutive days of sharp losses, but a strong US economic outlook and fears that the Federal Reserve could raise US interest rates limited gains for the safe haven. Traders said that bottom-picking after the metal's
Published 18 Jul, 2014 12:00am
Gold up in Asia

Gold up in Asia

Gold ticked higher on Thursday to trade above $1,300 an ounce as buyers emerged after a recent sharp drop in prices, but it was still near a four-week low as investors weighed the possibility of a sooner-than-expected hike in US interest rates. "There is
Published 18 Jul, 2014 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Thursday, extending the previous day's recovery from four-week lows as investors took advantage of lower prices to buy and as a fresh round of US sanctions on Russia weighed on stock markets. The sanctions, the toughest yet imposed by the Uni
Published 18 Jul, 2014 12:00am
US MIDDAY: wheat jumps

US MIDDAY: wheat jumps

US wheat futures surged 3 percent on Thursday, rallying from a four-year low on fears of escalating geopolitical tension in the Black Sea region after a Malaysian airliner crashed in eastern Ukraine, traders said. A Ukrainian interior ministry official sa
Published 18 Jul, 2014 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold prices climbed more than 1 percent early on Thursday on heightened geopolitical tensions and news of more US sanctions against Russia, while palladium rose more than 1 percent on renewed supply worries. Safe-haven bids boosted bullion after a Ukraini
Published 18 Jul, 2014 12:00am
Three killed, three hurt in road accident

Three killed, three hurt in road accident

Three persons were killed and three others injured in a road mishap in Dhadar area of Bolan district on Thursday. Levies sources said that a speedy car was coming from Sohbatpur to Quetta when it collided head on with a trailer coming from opposite side.
Published 18 Jul, 2014 12:00am
Eid shopping gains momentum

Eid shopping gains momentum

Eid shopping has gained momentum here while people have started rushing to shopping centers to purchase cloths as the Eid-ul-Fitr; one of the greatest religious festivals is drawing nearer. Children and women are more enthusiastic in choosing new and uniq
Published 18 Jul, 2014 12:00am
Two alleged dacoits killed in encounter

Two alleged dacoits killed in encounter

Police claimed to have killed two alleged dacoits in an encounter here on Thursday. According to police sources, two alleged robbers were shot and killed by police during an encounter conducted near Akhtar Colony, main Korangi road in the jurisdiction of
Published 18 Jul, 2014 12:00am
Another milestone achieved

Another milestone achieved

Karachi Stock Exchange on Thursday created history as the benchmark 100-index surpassed the psychological barrier of 30,000-point to reach record high of 30,177 points. The KSE-100 index successfully crossed the level of 30,000 points supported by heavy f
Published 18 Jul, 2014 12:00am
54 alleged criminals arrested

54 alleged criminals arrested

City police on Thursday claimed to have arrested around 54 alleged criminals in different targeted raids and encounters conducted at various parts of metropolis during last 24 hours. According to police, they have conducted some 68 targeted raids and four
Published 18 Jul, 2014 12:00am
Zardari gave right advice to Nawaz: Rehman

Zardari gave right advice to Nawaz: Rehman

Former interior minister and Pakistan People's Party (PPP) leader, Rehman Malik on Thursday advised Prime Minister Nawaz Sharif to accede to the demand of Pakistan Tehreek-i-Insaf (PTI) for a vote recount in four constituencies. Talking to media represent
Published 18 Jul, 2014 12:00am
Early resolution of IDPs' problems urged

Early resolution of IDPs' problems urged

Takrah Qabailee Khwenday (Brave Tribal Sisters/Women), a non-government organisation, stressed for immediate attention of all sections of government towards solving the problems of the internally displaced persons (IDPs) from North Waziristan Agency (NWA)
Published 18 Jul, 2014 12:00am
Life insurance penetration restricted to 0.3 percent

Life insurance penetration restricted to 0.3 percent

Current life insurance penetration in Pakistan has been restricted to 0.3 percent, leaving a huge untapped market for Takaful companies. Official sources said here on Thursday, "the entry of conventional insurers into Takaful business is widely expected t
Published 18 Jul, 2014 12:00am
Two held with fake passports in Taftan

Two held with fake passports in Taftan

Federal Investigation Agency (FIA) arrested two persons for producing fake passports at Zero Gate at Pak-Iran border in Taftan, on Thursday. Officials said that Maqsood Ahmed, a resident of Sialkot was trying to enter Iran while producing fake passport. H
Published 18 Jul, 2014 12:00am
Students asked to deposit admission fees

Students asked to deposit admission fees

The on roll students of Bachelor and Master's Degree programs for the academic session 2014 have been directed to deposit their remaining admission fees by August 11, 2014. In case of failure their examination results will be withheld. According to a pres
Published 18 Jul, 2014 12:00am
Lane violations: zero tolerance policy adopted

Lane violations: zero tolerance policy adopted

On the direction of IG NH&MP Zulfiqar Ahmad Cheema, N5 Central Zone Sector-I (CZSI) adopts zero tolerance policy against lane violations by HTVS & PSVs, not fastening seat belt, overloading of passengers in PSVs, not using safety helmet by motorcyclist. S
Published 18 Jul, 2014 12:00am
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