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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-10-19
Moody's cuts Russia's rating to 'Baa2' from 'Baa1'

Moody's cuts Russia's rating to 'Baa2' from 'Baa1'

Moody's Investors Service cut Russia's sovereign debt rating to 'Baa2' from 'Baa1', becoming the second ratings agency to cut the country's ratings this year, after S&P initiated a downgrade in April. Moody's said the prolonged crisis in Ukraine was weigh
Published 19 Oct, 2014 12:00am
Indian property giant DLF appeals trading ban

Indian property giant DLF appeals trading ban

India's biggest property developer DLF, barred for three years from raising money on financial markets over allegations it sought to defraud investors, said on Saturday it was appealing the ruling. DLF said it had filed an appeal challenging the order by
Published 19 Oct, 2014 12:00am
German train strike leaves millions stranded

German train strike leaves millions stranded

Millions of passengers were left stranded across Germany on Saturday after train drivers began a 50-hour strike that halted two thirds of long-distance trains in a dispute over pay and negotiation rights. The GDL drivers' union started their action at 2 a
Published 19 Oct, 2014 12:00am
MassMutual sues J.P Morgan over 'smart' retirement trademark

MassMutual sues J.P Morgan over 'smart' retirement trademark

Unable to reach a compromise with J.P. Morgan Chase & Co over the use of the term "smart" in relation to its lucrative retirement savings products, major life insurance provider MassMutual is taking the banking company to court. MassMutual said discussion
Published 19 Oct, 2014 12:00am
Equality of opportunity a worthy goal: Fed's Rosengren

Equality of opportunity a worthy goal: Fed's Rosengren

A top Federal Reserve official said on Saturday that equality of opportunity is a worthy social goal that has not yet been achieved in the United States. Boston Fed President Eric Rosengren did not comment on monetary policy or the economic forecast in pr
Published 19 Oct, 2014 12:00am
JSW curbs coal production, investment hit by lower prices

JSW curbs coal production, investment hit by lower prices

Poland's JSW, the largest coking coal miner in the European Union, cut its 2014 production target by 9 to 12 percent and slashed investment in an effort to regain profitability after steep falls in coal prices. State-controlled JSW, which swung to a net l
Published 19 Oct, 2014 12:00am
Hershey settles infringement lawsuits with two edible pot firms

Hershey settles infringement lawsuits with two edible pot firms

Hershey Co has settled trademark infringement lawsuits against marijuana companies in Colorado and Washington state that the candy maker said sold products in packaging that resembled its wrappers, according to court documents obtained on Friday.
Published 19 Oct, 2014 12:00am
ECB's Visco urges common EU budget for defence, research

ECB's Visco urges common EU budget for defence, research

European Central Bank Governing Council member Ignazio Visco called on Saturday for European Union countries to create a common budget for defence, security, research and infrastructure. Visco, the governor of the Bank of Italy, said the pooling of budget
Published 19 Oct, 2014 12:00am
ECB's Visco urges common EU budget for defence, research

ECB's Visco urges common EU budget for defence, research

European Central Bank Governing Council member Ignazio Visco called on Saturday for European Union countries to create a common budget for defence, security, research and infrastructure. Visco, the governor of the Bank of Italy, said the pooling of budget
Published 19 Oct, 2014 12:00am
Buyers preparing bids for US shopping mall owner AmREIT

Buyers preparing bids for US shopping mall owner AmREIT

Several potential buyers are preparing bids for US shopping mall owner AmREIT Inc that could value the company as much as $26 a share, the Financial Times said on Saturday. Citing unidentified sources, the FT said AmREIT had attracted interest from compan
Published 19 Oct, 2014 12:00am
Singapore foreign worker curbs could hurt competitiveness, growth: IMF

Singapore foreign worker curbs could hurt competitiveness, growth: IMF

Singapore's plans to cut reliance on foreign workers could reduce its competitiveness and growth potential while keeping core inflation elevated, the International Monetary Fund said in a report on Saturday. The IMF said Singapore's plans to restructure i
Published 19 Oct, 2014 12:00am
Singapore foreign worker curbs could hurt competitiveness, growth: IMF

Singapore foreign worker curbs could hurt competitiveness, growth: IMF

Singapore's plans to cut reliance on foreign workers could reduce its competitiveness and growth potential while keeping core inflation elevated, the International Monetary Fund said in a report on Saturday. The IMF said Singapore's plans to restructure i
Published 19 Oct, 2014 12:00am
Japan rolls out 'long-held dream' with first commercial jet in 50 years

Japan rolls out 'long-held dream' with first commercial jet in 50 years

To the sound of drums and a children's choir, Mitsubishi Aircraft on Saturday rolled out Japan's first commercial jet in half a century, amid doubts it can attain an ambition to sell more than 2,000 aircraft in a competitive market segment. Developed by a
Published 19 Oct, 2014 12:00am
Burger chain Habit Restaurants files for IPO

Burger chain Habit Restaurants files for IPO

Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with US regulators on Thursday for an initial public offering of common stock. The Irvine, California-based company listed Piper Jaffray, Baird and Wells Fargo among the unde
Published 19 Oct, 2014 12:00am
Burger chain Habit Restaurants files for IPO

Burger chain Habit Restaurants files for IPO

Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with US regulators on Thursday for an initial public offering of common stock. The Irvine, California-based company listed Piper Jaffray, Baird and Wells Fargo among the unde
Published 19 Oct, 2014 12:00am
Sovereign bond purchases by ECB still unlikely

Sovereign bond purchases by ECB still unlikely

Eurozone money market traders say there is a growing chance that the European Central Bank will buy sovereign bonds in the coming year, a Reuters poll showed on Monday, as existing policy measures are failing to bring inflation back up to target. Euro zon
Published 19 Oct, 2014 12:00am
Sovereign bond purchases by ECB still unlikely

Sovereign bond purchases by ECB still unlikely

Eurozone money market traders say there is a growing chance that the European Central Bank will buy sovereign bonds in the coming year, a Reuters poll showed on Monday, as existing policy measures are failing to bring inflation back up to target. Euro zon
Published 19 Oct, 2014 12:00am
Periphery's bonds stabilise after one of worst runs since euro crisis

Periphery's bonds stabilise after one of worst runs since euro crisis

Lower-rated euro zone bonds clawed back some losses on Friday after one of the sharpest sell-offs since the height of the 2012 euro crisis, with the possibility of further European Central Bank stimulus seen as a barrier against a steeper rise in yields.
Published 19 Oct, 2014 12:00am
Periphery's bonds stabilise after one of worst runs since euro crisis

Periphery's bonds stabilise after one of worst runs since euro crisis

Lower-rated euro zone bonds clawed back some losses on Friday after one of the sharpest sell-offs since the height of the 2012 euro crisis, with the possibility of further European Central Bank stimulus seen as a barrier against a steeper rise in yields.
Published 19 Oct, 2014 12:00am
Bangkok Airways sets IPO price at 25 baht/share

Bangkok Airways sets IPO price at 25 baht/share

Thai full-service carrier Bangkok Airways Co Ltd has priced its initial public offering (IPO) at 25 baht (0.77 US cents) per share, as it raises 13 billion baht ($401 million) to fund expansion, people with knowledge of the matter said on Saturday. The IP
Published 19 Oct, 2014 12:00am
Bangkok Airways sets IPO price at 25 baht/share

Bangkok Airways sets IPO price at 25 baht/share

Thai full-service carrier Bangkok Airways Co Ltd has priced its initial public offering (IPO) at 25 baht (0.77 US cents) per share, as it raises 13 billion baht ($401 million) to fund expansion, people with knowledge of the matter said on Saturday. The IP
Published 19 Oct, 2014 12:00am
Speculative Eurodollar net shorts fall to lowest since February

Speculative Eurodollar net shorts fall to lowest since February

Speculators' net bearish bets on Eurodollar futures earlier this week fell to their lowest since February before Wednesday's rollercoaster session's stampede to exit those bets, according to Commodity Futures Trading Commission data released on Friday. Ne
Published 19 Oct, 2014 12:00am
TSX hits one-week high

TSX hits one-week high

Canada's main stock index reached its highest in a week on Friday as positive US economic data and a rise in oil prices boosted the energy sector. Data showing that US housing starts and permits rose in September signalled the economic recovery might be o
Published 19 Oct, 2014 12:00am
Treasuries prices drop

Treasuries prices drop

US Treasuries prices fell on Friday for a second straight day, reversing a rally earlier in the week, as a gauge of American consumer attitudes jumped and US and European stock markets rose. Benchmark 10-year notes, which rose in price by as much as 3 poi
Published 19 Oct, 2014 12:00am
Treasuries prices drop

Treasuries prices drop

US Treasuries prices fell on Friday for a second straight day, reversing a rally earlier in the week, as a gauge of American consumer attitudes jumped and US and European stock markets rose. Benchmark 10-year notes, which rose in price by as much as 3 poi
Published 19 Oct, 2014 12:00am
Foreigners sell the most Japanese stocks in two months

Foreigners sell the most Japanese stocks in two months

Foreign investors continued to sell Japanese cash stocks last week, posting their biggest net selling in two months, as buyers shunned riskier assets amid fears of weakening global growth. Foreigners, who were net sellers for the past two weeks, sold a to
Published 19 Oct, 2014 12:00am
Nigeria hikes government bond yields to draw investors

Nigeria hikes government bond yields to draw investors

Nigeria priced its 3-year government bond at 12.14 percent at Wednesday's auction, up 102 basis points from the previous sale, to attract foreign investors unnerved by falling oil prices and a weakening naira. The Debt Management Office said on Friday tha
Published 19 Oct, 2014 12:00am
Nigeria hikes government bond yields to draw investors

Nigeria hikes government bond yields to draw investors

Nigeria priced its 3-year government bond at 12.14 percent at Wednesday's auction, up 102 basis points from the previous sale, to attract foreign investors unnerved by falling oil prices and a weakening naira. The Debt Management Office said on Friday tha
Published 19 Oct, 2014 12:00am
Banks hire Hong Kong traders on lure of China bourse link

Banks hire Hong Kong traders on lure of China bourse link

Banks in Hong Kong are building up their trading desks to capitalise on the imminent link-up of the Hong Kong and Shanghai stock exchanges, spelling a reprieve for one of the banking industry's endangered species. Banks and brokerages in Asia launched a h
Published 19 Oct, 2014 12:00am
Nicox eyes Nasdaq listing as European investors hold grudge

Nicox eyes Nasdaq listing as European investors hold grudge

French pharmaceutical firm Nicox may list its shares on the Nasdaq to attract US investors and gain recognition as an eye drug specialist, its chief executive told Reuters. Nicox has been refocusing its business around ophthalmology drugs - a market worth
Published 19 Oct, 2014 12:00am
Wall Street gains on results but S&P down for fourth week

Wall Street gains on results but S&P down for fourth week

US stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the US earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines. The S&P 500's
Published 19 Oct, 2014 12:00am
Net US dollar longs hit highest since May 2013

Net US dollar longs hit highest since May 2013

Speculators once again boosted their bullish bets on the dollar in the latest week to their largest since late May last year, still showing optimism for US economic prospects, data from the Commodity Futures Trading Commission showed on Friday. The value
Published 19 Oct, 2014 12:00am
Rand firmer as global sell-off eases

Rand firmer as global sell-off eases

South Africa's rand strengthened against the dollar on Friday as risk aversion, abated after a week of volatility that saw most emerging-market currencies weaken on deteriorating prospects for global growth. At 1458 GMT the rand traded at 11.0840 per doll
Published 19 Oct, 2014 12:00am
Cheaper oil may see euro, yen fall

Cheaper oil may see euro, yen fall

Falling oil prices might well prove negative for the euro and the yen if the foreign exchange market concludes cheap crude will undermine efforts to fend off deflation in the euro zone and Japan. With one facing deflation and one seeking to boost inflatio
Published 19 Oct, 2014 12:00am
Dollar rebounds on strong US data, still set for weekly drop

Dollar rebounds on strong US data, still set for weekly drop

The US dollar edged higher against a basket of major currencies on Friday after strong US consumer sentiment data calmed nerves at the end of a week of severe market volatility. The Thomson Reuters/University of Michigan preliminary October reading on the
Published 19 Oct, 2014 12:00am
Clamping down on tax inversion, US bolsters the dollar

Clamping down on tax inversion, US bolsters the dollar

A US clampdown on corporate tax reduction schemes - so-called inversions - will further underpin the strength of the dollar. The US government announced proposals in late September to make it harder for American companies to shift their tax bases abroad b
Published 19 Oct, 2014 12:00am
Clamping down on tax inversion, US bolsters the dollar

Clamping down on tax inversion, US bolsters the dollar

A US clampdown on corporate tax reduction schemes - so-called inversions - will further underpin the strength of the dollar. The US government announced proposals in late September to make it harder for American companies to shift their tax bases abroad b
Published 19 Oct, 2014 12:00am
Brazil's Neves would end currency swap plan

Brazil's Neves would end currency swap plan

Brazilian presidential candidate Aecio Neves will end a central bank currency swap program that has cushioned losses in the country's currency, the real, if he is elected later this month, Neves's choice for finance minister, Arminio Fraga, told Reuters o
Published 19 Oct, 2014 12:00am
Indonesia urges state-run firms to hedge forex needs

Indonesia urges state-run firms to hedge forex needs

Indonesian authorities have stepped up efforts to get state-owned companies to drop their reluctance and start hedging foreign-exchange transactions to help maintain stability of the rupiah. Since last year, the government and central bank have encouraged
Published 19 Oct, 2014 12:00am
Currency trading volumes surge to record high

Currency trading volumes surge to record high

Average daily volumes in the global foreign exchange market hit a record high in September, data from FX settlement system CLS showed on Tuesday, confirming signs of a pickup on the industry's biggest trading platforms. The value of all transactions throu
Published 19 Oct, 2014 12:00am
Canadian dollar weakens

Canadian dollar weakens

The Canadian dollar weakened modestly against the greenback on Friday, consolidating as world markets ended the week on a calmer note after days of being rocked by worries about the health of the global economy. The loonie had only a muted reaction to dat
Published 19 Oct, 2014 12:00am
Women, children killed in new DR Congo attack

Women, children killed in new DR Congo attack

Twenty-two people, most of them women and children, have been hacked and clubbed to death by Ugandan rebels in the troubled east of the Democratic Republic of Congo just days after a similar massacre. The new attack sparked calls for UN forces to protect
Published 19 Oct, 2014 12:00am
Berlin gets a less glamorous mayor with focus on economy

Berlin gets a less glamorous mayor with focus on economy

The German capital will replace its party-loving mayor Klaus Wowereit with little-known politician Michael Mueller, the city's Social Democrats (SPD) decided in a vote on Saturday. Wowereit, famous for describing Berlin as "poor but sexy", announced in Au
Published 19 Oct, 2014 12:00am
Four people killed in east Ukraine fighting: Kiev

Four people killed in east Ukraine fighting: Kiev

Two Ukrainian soldiers have been killed in combat with pro-Russian rebels in east Ukraine, Kiev's military said Saturday, as violence rocked a truce after talks between Kiev and Moscow ended without a breakthrough. "Two Ukrainian soldiers were killed over
Published 19 Oct, 2014 12:00am
New Afghan president hosts Turkey's Erdogan in Kabul

New Afghan president hosts Turkey's Erdogan in Kabul

Turkish President Recep Tayyip Erdogan arrived in Afghanistan Saturday, the latest world leader to visit the war-ravaged country since President Ashraf Ghani took power after a prolonged political standoff. Erdogan met Ghani, his first vice president Abdu
Published 19 Oct, 2014 12:00am
Lebanon defence minister in Iran on anti-IS arms visit

Lebanon defence minister in Iran on anti-IS arms visit

Lebanon's defence minister on Saturday started a three-day visit to Tehran for talks expected to culminate in him securing military equipment to bolster Beirut's fight against jihadists. Samir Moqbel's visit comes two weeks after Iran vowed to supply Leba
Published 19 Oct, 2014 12:00am
Madagascar police disperse pro-Ravalomanana rally with teargas

Madagascar police disperse pro-Ravalomanana rally with teargas

Madagascar police on Saturday fired teargas at supporters of ex-president Marc Ravalomanana, who was placed under house arrest this week after returning to the Indian Ocean island for the first time since he was deposed in a 2009 coup.
Published 19 Oct, 2014 12:00am
Japan industry minister may resign over make-up scandal

Japan industry minister may resign over make-up scandal

Japan's industry minister could resign over claims she spent political donations on make-up, local media reported Saturday, potentially delivering a blow to Prime Minister Shinzo Abe's bid to restart nuclear power. Yuko Obuchi was appointed in September a
Published 19 Oct, 2014 12:00am
Storm toll jumps to 43 in Nepal's worst trekking disaster

Storm toll jumps to 43 in Nepal's worst trekking disaster

The death toll from a devastating snowstorm in Nepal's Himalayas climbed to 43 on Saturday, in the worst trekking disaster ever to hit the mountainous country. Tuesday's storm, which triggered avalanches, struck at the height of the trekking season, catch
Published 19 Oct, 2014 12:00am
Half-tonne of smuggled ivory seized in Saudi Arabia

Half-tonne of smuggled ivory seized in Saudi Arabia

Authorities in Saudi Arabia say they have seized half a tonne of ivory being smuggled from Africa to east Asia. Customs agents at King Khaled International Airport in Riyadh intercepted the shipment, which was in transit, the official SPA news agency said
Published 19 Oct, 2014 12:00am
Setback for Pope Francis as synod fails to agree on gays, divorcees

Setback for Pope Francis as synod fails to agree on gays, divorcees

Roman Catholic bishops on Saturday failed to reach consensus on opening the Church's doors to remarried divorcees and gays after a special synod on the family, in a blow to Pope Francis. Vatican spokesman Federico Lombardi said participants had approved a
Published 19 Oct, 2014 12:00am
Ebola is 'disaster of our generation' says aid agency

Ebola is 'disaster of our generation' says aid agency

Aid agency Oxfam on Saturday said Ebola could become the "definitive humanitarian disaster of our generation", as US President Barack Obama urged against "hysteria" in the face of the growing crisis. Oxfam, which works in the two worst-hit countries - Lib
Published 19 Oct, 2014 12:00am
Supreme Court says Texas voter ID law can go into effect

Supreme Court says Texas voter ID law can go into effect

The US Supreme Court on Saturday said Texas can enforce its stringent voter identification law next month, in a blow to opponents who argued it unfairly targets minorities. A federal judge in Texas last week struck down the law, but an appeals court said
Published 19 Oct, 2014 12:00am
Japan ministers at Tokyo war shrine despite warming China ties

Japan ministers at Tokyo war shrine despite warming China ties

Three nationalist ministers in Japan's cabinet paid homage at a war shrine hated by China Saturday, despite tentative signs of a thaw in Tokyo's long-frozen relationship with Beijing. The visits to Yasukuni by three of the five women in Prime Minister Shi
Published 19 Oct, 2014 12:00am
US and China look to manage differences, cooperate against threats

US and China look to manage differences, cooperate against threats

America and China's top diplomats stressed the need to manage differences and cooperate against global threats including Islamic State and Ebola, as they sought to warm the mood between their countries ahead of a summit next month. "There are many areas t
Published 19 Oct, 2014 12:00am
Former Malawi budget director arrested on graft charges

Former Malawi budget director arrested on graft charges

Former Malawi budget director Paul Mphwiyo and his wife were on Saturday arrested on charges of theft, money laundering and obstructing the course of justice, the Anti-Corruption Bureau said. The arrest was related to the so-called "Cashgate" scandal - in
Published 19 Oct, 2014 12:00am
Iraqi parliament approves defence, interior ministers

Iraqi parliament approves defence, interior ministers

The Iraqi parliament on Saturday approved a Sunni Muslim to become defence minister and a Shia to be interior minister, state television said, as part of a more inclusive government to help tackle Islamist insurgents. Six Kurdish members of the cabinet we
Published 19 Oct, 2014 12:00am
UN envoy leaves DR Congo after being declared persona non grata

UN envoy leaves DR Congo after being declared persona non grata

The UN rights envoy in the Democratic Republic of Congo has left the country after Kinshasa declared him persona non grata following a damning report on a police crackdown on youth gangs. Scott Campbell, who headed the UN Human Rights office in the countr
Published 19 Oct, 2014 12:00am
Climate summit rhetoric faces credibility test

Climate summit rhetoric faces credibility test

A month after world leaders pledged to curb the threat of climate change, their words will be put to the test when talks for a new global pact resume in Bonn next week. Negotiators will gather from Monday, tasked with ironing out differences over how to s
Published 19 Oct, 2014 12:00am
Man accused of spying worked on strategic Polish gas project

Man accused of spying worked on strategic Polish gas project

A lawyer arrested in Poland on Wednesday on suspicion of spying for a foreign state worked on a Polish gas project which officials view as strategically vital because it will cut dependence on imported Russian gas. Polish law only allows the man to be ide
Published 19 Oct, 2014 12:00am
Kurds thwart new jihadist bid to cut off Syria town

Kurds thwart new jihadist bid to cut off Syria town

Kurdish forces in the Syrian town of Kobane repulsed a new attempt by Islamic State fighters to cut off the border with Turkey Saturday as troops battled the jiihadists in neighbouring Iraq It came as the US military said it had unleashed 25 more air stri
Published 19 Oct, 2014 12:00am
Serena seeks WTA finals hat-trick

Serena seeks WTA finals hat-trick

Serena Williams will aim to become the first woman to win the WTA World Tour Finals three times in a row since Monica Seles in 1992 when the season-ending tournament begins in Singapore on Monday. Williams won the title for the last two years when it was
Published 19 Oct, 2014 12:00am
Ronaldo double fires Real rout of Levante

Ronaldo double fires Real rout of Levante

Cristiano Ronaldo maintained his blistering scoring form with two goals as Real Madrid warmed up for the El Clasico with a 5-0 victory over Levante in La Liga on Saturday. The Portuguese has 15 netted times in the first eight league games and Real move up
Published 19 Oct, 2014 12:00am
Tarpischev issues his apologies to Williams sisters

Tarpischev issues his apologies to Williams sisters

Russian tennis federation chief Shamil Tarpischev on Saturday said he was sorry for a jibe he made concerning Serena and Venus Williams on a Russian TV chat show, claiming that his words had been misinterpreted. The vastly-experienced coach and administra
Published 19 Oct, 2014 12:00am
Eight-goal Southampton thrash Sunderland, Chelsea press on

Eight-goal Southampton thrash Sunderland, Chelsea press on

High-flying Southampton thrashed Sunderland 8-0 in the Premier League on Saturday as unbeaten leaders Chelsea remained five points clear with a 2-1 win away to Crystal Palace. Sergio Aguero scored all Manchester City's goals in a 4-1 defeat of 10-man Tott
Published 19 Oct, 2014 12:00am
Angry India may scrap 2016 West Indies tour

Angry India may scrap 2016 West Indies tour

India may scrap their tour of West Indies in 2016 after the Caribbean team's abrupt pullout on Friday, said an angry Indian cricket board (BCCI) which is also considering legal actions and seeking intervention of the game's world governing body.
Published 19 Oct, 2014 12:00am
Taufeeq makes comeback as Tests squad announced

Taufeeq makes comeback as Tests squad announced

Pakistan recalled experienced opener Taufeeq Umar on Saturday for the first Test of the two-match series against Australia starting next week. The 33-year-old, who played the last of his 43 Tests in Sri Lanka two years ago, is one of the four openers in t
Published 19 Oct, 2014 12:00am
Murray, Ferrer take Tour finals duel into Vienna showdown

Murray, Ferrer take Tour finals duel into Vienna showdown

Andy Murray moved into eighth place in the race to the ATP World Tour finals on Saturday as he and top seed David Ferrer both reached the final at the Austrian Open. Murray, a title winner at Shenzhen in September, booked his place in his second title mat
Published 19 Oct, 2014 12:00am
Pakistan beat Australia in warm-up

Pakistan beat Australia in warm-up

Skipper Michael Clarke failed again as Australia lost a four-day warm-up game against Pakistan 'A' by 153 runs in Sharjah on Saturday. Clarke, who is recovering from a hamstring injury and needed some batting practice ahead of Wednesday's first Test again
Published 19 Oct, 2014 12:00am
France's InVivo says working with ADM on grain sourcing

France's InVivo says working with ADM on grain sourcing

France's InVivo is collaborating with US-based Archer Daniels Midland Co on sourcing grains in Europe as part of closer ties between the groups' trading activities, InVivo's CEO said on Wednesday. InVivo, a group of farmer-owned co-operatives that is the
Published 19 Oct, 2014 12:00am
Thai government sets out measures to aid rubber farmers

Thai government sets out measures to aid rubber farmers

Thailand's government announced a series of measures on Thursday to help rubber farmers, who have been hurt by a drop in global prices to five-year lows, but some farmers' leaders said the policies would do little to support the market. Deputy Prime Minis
Published 19 Oct, 2014 12:00am
West Africa cotton producers forecast bumper crop

West Africa cotton producers forecast bumper crop

West African cotton output is forecast to jump over 19 percent to 2,570,000 tonnes for the 2014/15 season as high government-fixed prices attract growers back to the sector, data compiled by Reuters showed on Thursday. Before a market crash in the early 2
Published 19 Oct, 2014 12:00am
Ukraine winter wheat sowing 93 percent complete

Ukraine winter wheat sowing 93 percent complete

Ukrainian farmers had sown 5.7 million hectares of winter wheat as of October 15, or 93 percent of the forecasted area, the agriculture ministry said on Thursday. Ukraine plans to sow a total of 6.2 million hectares of winter wheat for the 2015 harvest ve
Published 19 Oct, 2014 12:00am
Ebola having 'minor bearing' on cocoa output

Ebola having 'minor bearing' on cocoa output

The International Cocoa Organisation on Friday said the Ebola epidemic is only having a "minor bearing" on output of the key chocolate ingredient as the countries affected are small producers. Cocoa prices rose sharply because of fears the outbreak could
Published 19 Oct, 2014 12:00am
LBMA names Morgan Stanley as gold, silver market maker

LBMA names Morgan Stanley as gold, silver market maker

The London Bullion Market Association (LBMA) said on Thursday it appointed Morgan Stanley as a market maker, underscoring the ambitions of some banks to expand into precious metals trading while others exit due to stringent regulations. LBMA said it named
Published 19 Oct, 2014 12:00am
Palm oil prices seen up by end-2014

Palm oil prices seen up by end-2014

Palm oil futures may end the year 2 percent above current levels due to lower output in second-biggest producer Malaysia, but abundant supplies of rival oilseeds mean prices will still close down about 19 percent for the year, a Reuters poll showed.
Published 19 Oct, 2014 12:00am
Indonesia raises Vale nickel royalty, forces share sale

Indonesia raises Vale nickel royalty, forces share sale

Brazil's Vale SA said on Friday that a revised nickel-mining contract with Indonesia will raise maximum royalties, cut land holdings and require its Indonesian unit to sell another 20 percent of its shares to local investors. Royalties were set at 2 perce
Published 19 Oct, 2014 12:00am
New York gold posts weekly gain on economic fears, Fed view

New York gold posts weekly gain on economic fears, Fed view

Gold edged lower on Friday as US equities rebounded, but posted a second straight weekly gain as concerns over the global economy have raised speculation that the US Federal Reserve could keep interest rates low for longer. Palladium rallied 2 percent, pa
Published 19 Oct, 2014 12:00am
Commodities haunted by demand fears; oil tumbles

Commodities haunted by demand fears; oil tumbles

Commodity markets were haunted by demand fears this week in the face of mounting global economic worries, with crude oil prices striking four-year lows and base metals also suffering heavy falls. Markets around the world have been hammered by worries abou
Published 19 Oct, 2014 12:00am
Four killed as van falls into ravine

Four killed as van falls into ravine

At least four persons were killed and five others sustained injuries when a pick-up van fell into a ravine here on Saturday. According to police, the unfortunate pick-up van was on way to Mingora from Matta in Swat district when it fell into a ravine near
Published 19 Oct, 2014 12:00am
Prices of most of essential kitchen items show mixed trend

Prices of most of essential kitchen items show mixed trend

Mixed trend was witnessed in the prices of most of the essential kitchen items, as some registered slight decrease while other remained stable, reveals a survey conducted by Business Recorder on Saturday.
Published 19 Oct, 2014 12:00am
Model Town incident: Gullu Butt apologises for mistake

Model Town incident: Gullu Butt apologises for mistake

Gullu Butt has said that he is sorry for the mistake committed by him during Model Town tragedy. Talking to media at the Anti-Terrorist Court on Saturday, he said, he is a social worker and would keep his social work in future as well. He said he has also
Published 19 Oct, 2014 12:00am
Qasim Bagh tragedy: petition against PTI leaders filed in court

Qasim Bagh tragedy: petition against PTI leaders filed in court

A petition seeking registration of case against senior leaders of Pakistan Tehrik-e-Insaf (PTI) was filed in a session court in Multan on Saturday. The petition was filed by Advocate Malik Khalil. The plaintiff prayed to court that the PTI chairman Imran
Published 19 Oct, 2014 12:00am
Pilgrims to travel by ships next year

Pilgrims to travel by ships next year

Parliamentary Secretary for Ports and Shipping Mian Imtiaz Ahmed has said Pakistanis will be able to travel to perform Hajj at economical rates by ships from next year. In a media chat, he said ferry service for neighbouring countries will also be introdu
Published 19 Oct, 2014 12:00am
Tally of dengue virus affectees climbs to 283

Tally of dengue virus affectees climbs to 283

With the confirmation of dengue virus in three more patients the tally of the affected persons in district Swat climbed to 283. District spokesman of the Department of Health, Dr Haider Ali has confirmed the affecting of three more persons from dengue vir
Published 19 Oct, 2014 12:00am
UN urged to play role in defusing LoC tension

UN urged to play role in defusing LoC tension

Pakistan's Permanent Representative to United Nations Masood Khan called on UN Secretary General Ban Ki Moon in New York on Saturday. The ambassador apprised the secretary general about the situation on the Line of Control (LoC) and the Working Boundary.
Published 19 Oct, 2014 12:00am
Abducted female student recovered

Abducted female student recovered

Margalla police has arrested four kidnappers who allegedly kidnapped 22 years old female student of Islamic International University without paying ransom amount of 20 million, a police spokesman said. According to details Muhammad Faqeer Hussain lodged t
Published 19 Oct, 2014 12:00am
Woman, son among three killed as van falls in River Swat

Woman, son among three killed as van falls in River Swat

Three including mother and son died and six others wounded when a pick-up van fell into River Swat at Kalam valley of district Swat. The accident occurred due to the dilapidated condition of the Kalam Road in which seven cattle also killed.
Published 19 Oct, 2014 12:00am
Mysterious death: Nabiha Chaudhry laid to rest

Mysterious death: Nabiha Chaudhry laid to rest

Nabiha Chaudhry, a female under training CSP officer who mysteriously died in her hostel room, was laid to rest in a local graveyard in Karachi on late Friday night. Earlier, Nabiha's body reached at her residence in Gulshan-e-Iqbal Block 13A. Her funeral
Published 19 Oct, 2014 12:00am
FATA-DA approves new projects for socioeconomic development

FATA-DA approves new projects for socioeconomic development

The 31st meeting of the Board of Directors of FATA Development Authority chaired by Mr Fida Muhammad Wazir, Chief Executive FATA-DA was held here on Thursday, which was attended by Engineer Nauman Wazir, Mr Shahid-ur-Rehman, Ms Shamama-tul-Amber Arbab, Mr
Published 19 Oct, 2014 12:00am
Government making sincere efforts to resolve people's problems: Nisar

Government making sincere efforts to resolve people's problems: Nisar

Interior Minister Chaudhry Nisar Ali Khan has said early solution to people's problems is the top most priority of the present government. He was speaking in a 'Khuli Katchery' in Kallar Syedan after inaugurating the emergency service 1122, here on Saturd
Published 19 Oct, 2014 12:00am
Rs 500 million released for setting up hostel at UAF

Rs 500 million released for setting up hostel at UAF

The Punjab government has released funds worth Rs 500 million for setting up a state-of-the-art hostel for 1,000 students at the University of University Faisalabad. The Punjab government has released fund under the directives of Punjab Chief Minister Sha
Published 19 Oct, 2014 12:00am
LCCI, Tevta vow cooperation to ensure provision of skilled manpower

LCCI, Tevta vow cooperation to ensure provision of skilled manpower

The Lahore Chamber of Commerce and Industry (LCCI) and Technical Education and Vocational Training Authority (Tevta) would expedite co-operation and co-ordination to ensure provision of quality skilled manpower to the industry. It was resolved in a meetin
Published 19 Oct, 2014 12:00am
Need to diagnose, manage osteoporosis stressed

Need to diagnose, manage osteoporosis stressed

The increasing number of fractures can be controlled with early diagnosis and prevention of Osteoporosis which majority of time is a root cause of a fracture. This was revealed by speakers at an awareness seminar on 'Osteoporosis' at a local hotel. Adviso
Published 19 Oct, 2014 12:00am
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