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Print - 2014-11-07
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (November 06, 2014).

Published 07 Nov, 2014 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (November 06, 2014).

Published 07 Nov, 2014 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (November 06, 2014).

Published 07 Nov, 2014 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 07 Nov, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 07 Nov, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 07 Nov, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 07 Nov, 2014 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday after two consecutive losses on spillover strength from soybeans. A pickup in farmer selling after last week's gains limited canola's upside, a trader said. Most-active January canola rose $3.70 to $434.80 per
Published 07 Nov, 2014 12:00am
Rising trend persists on grain market

Rising trend persists on grain market

Strong demand pushed the rates of commodity items higher on wholesale grain market on Thursday, dealers said. On the cereals side, Moong Punjab picked up Rs 525 to Rs 11500, Moong Afghan followed the same suit, picking up Rs 250 to Rs 12250 and wheat new
Published 07 Nov, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.56 billion and number of lots traded was 18,299. PMEX Commodity Index closed at 2,770. Major business was contributed by crude oil amounting to PKR 2.22 billion followed by gold (P
Published 07 Nov, 2014 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 138,933 tonnes of cargo comprising 89,628 tonnes of import cargo and 49,305 tonnes of export cargo including 5,566 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 89
Published 07 Nov, 2014 12:00am
Oil cake market rates

Oil cake market rates

The December vaida moved up slightly on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December contract closed at Rs 1499.60, but opened with 10 paisa rise at Rs 1499.70 in the morning session, they said.
Published 07 Nov, 2014 12:00am
Spot rate slumps on easy supply position

Spot rate slumps on easy supply position

Softness prevailed on the cotton market on Thursday as spot rate came down on comfortable supply of seed cotton, dealers said. The official spot rate dropped by Rs 50 to Rs 5,100, they added. In the ready session, over, 30,000 bales of cotton changed hand
Published 07 Nov, 2014 12:00am
Record seed cotton arrivals depress cotton prices

Record seed cotton arrivals depress cotton prices

During the outgoing fortnight (October 15 to 1 November 2014) a record arrivals of seed cotton (Kapas/Phutti) calculated at 3,038,035 lint equivalent bales was received by the ginners from the current season (August 2014 / July 2015) which promises to inc
Published 07 Nov, 2014 12:00am
Record seed cotton arrivals depress cotton prices

Record seed cotton arrivals depress cotton prices

During the outgoing fortnight (October 15 to 1 November 2014) a record arrivals of seed cotton (Kapas/Phutti) calculated at 3,038,035 lint equivalent bales was received by the ginners from the current season (August 2014 / July 2015) which promises to inc
Published 07 Nov, 2014 12:00am
Fresh monetary easing exposes cracks in Japan's growth blitz

Fresh monetary easing exposes cracks in Japan's growth blitz

The Bank of Japan's surprise move to inflate its already huge stimulus programme exposes the cracks in Tokyo's plan to conquer deflation and boost growth, economists say, but it may give the government room to hike sales taxes again. On Friday, the centra
Published 07 Nov, 2014 12:00am
Murdoch's Fox gets lift from 'Apes' sequel

Murdoch's Fox gets lift from 'Apes' sequel

Strong box-office results from "Dawn of the Planet of the Apes" helped produce stronger-than-expected results Tuesday for Rupert Murdoch's media-entertainment group 21st Century Fox. Murdoch's conglomerate, which includes the Fox studios, reported a net p
Published 07 Nov, 2014 12:00am
Fraud could bankrupt Danish fuel firm shortly after IPO

Fraud could bankrupt Danish fuel firm shortly after IPO

A Danish supplier of ship fuel, OW Bunker, said on Thursday it risked bankruptcy after discovering that fraud at its subsidiary in Singapore had cost it up to $125 million (100 million euros). The group said it had been informed about fraud committed by s
Published 07 Nov, 2014 12:00am
Fraud could bankrupt Danish fuel firm shortly after IPO

Fraud could bankrupt Danish fuel firm shortly after IPO

A Danish supplier of ship fuel, OW Bunker, said on Thursday it risked bankruptcy after discovering that fraud at its subsidiary in Singapore had cost it up to $125 million (100 million euros). The group said it had been informed about fraud committed by s
Published 07 Nov, 2014 12:00am
UAE economy recovering at fast pace: IMF

UAE economy recovering at fast pace: IMF

The United Arab Emirates economy, the Arab world's second largest, is recovering at pace from the global financial crisis but remains threatened by low oil prices, the IMF said Wednesday. "Economic recovery has continued at a solid pace, supported by cons
Published 07 Nov, 2014 12:00am
Indian minister says economic reform a 'long journey'

Indian minister says economic reform a 'long journey'

Reforming India's flagging economy will be a "long journey", the country's finance minister told foreign investors on Wednesday, playing down the prospects of "big-bang" changes. Arun Jaitley warned there were no quick fixes for India's economic woes, tel
Published 07 Nov, 2014 12:00am
China presses case at Apec summit for free trade deal

China presses case at Apec summit for free trade deal

China on Tuesday pressed its case for measures to help kick-start an Asia-Pacific regional free trade area at an upcoming summit in Beijing, a framework that some see as an effort to draw attention away from a separate US-backed trade deal. China is promo
Published 07 Nov, 2014 12:00am
Germany plans extra 10 billion euros in public investment by 2018

Germany plans extra 10 billion euros in public investment by 2018

Germany plans an additional 10 billion euros ($12 billion) in public investment by 2018, its finance minister said Thursday, amid calls by some EU partners to do more to help the eurozone economy. "I will propose to the cabinet that we allocate additional
Published 07 Nov, 2014 12:00am
Airbus signs deal with Chinese firm for 100 planes

Airbus signs deal with Chinese firm for 100 planes

European aerospace giant Airbus announced Thursday it had signed a preliminary deal to supply the China Aircraft Leasing Company with 100 planes, a contract worth around $10.2 billion (8.1 billion euros) at catalogue prices. The Chinese leasing firm wants
Published 07 Nov, 2014 12:00am
Watchdog cuts extra capital requirements for UBS, Credit Agricole

Watchdog cuts extra capital requirements for UBS, Credit Agricole

Switzerland's UBS and France's Credit Agricole have been deemed by regulators as less important to the global financial system than a year ago and will not have to hold as much extra capital as previously forecast. In contrast, Agricultural Bank of China
Published 07 Nov, 2014 12:00am
China central bank pledges policy support as risks to growth rise

China central bank pledges policy support as risks to growth rise

China's central bank pledged on Thursday to maintain modest policy support to help the world's second-largest economy weather increasing headwinds in the near term but stressed that it will not flood markets with cash. Yet at the same time, the central ba
Published 07 Nov, 2014 12:00am
Bulgarian bank stripped of licence, headed for insolvency

Bulgarian bank stripped of licence, headed for insolvency

Bulgaria's fourth-biggest bank has been stripped of its licence and will face insolvency proceedings, the central bank said Thursday, five months after accounts were frozen following a run. "The BNB has revoked the banking licence of Corporate Commercial
Published 07 Nov, 2014 12:00am
Luxembourg, Juncker under fire after global tax leaks

Luxembourg, Juncker under fire after global tax leaks

Luxembourg and its former premier Jean-Claude Juncker - now head of the European commission - came under fire Thursday after leaked documents showed the tiny nation gave hundreds of global firms huge tax breaks. Household names such as Pepsi, IKEA and Deu
Published 07 Nov, 2014 12:00am
Australian employment rebounds

Australian employment rebounds

Australian employment rebounded in October to keep the jobless rate steady at 6.2 percent, though lingering concerns about the reliability of the data still led investors to sell the local dollar to four-year lows. Thursday's figures from the Australian B
Published 07 Nov, 2014 12:00am
Travel chaos hits Germany as train drivers widen strike

Travel chaos hits Germany as train drivers widen strike

German train drivers extended their unprecedented nation-wide strike Thursday to passenger services, causing travel chaos for millions and drawing fierce criticism. The work stoppage by the GDL trade union hit long-distance and regional rail services as w
Published 07 Nov, 2014 12:00am
BoE holds rates again amid global strains

BoE holds rates again amid global strains

The Bank of England maintained its record-low interest rates and stimulus package on Thursday, as policymakers balanced slowing domestic inflation and weaker growth, amid global economic uncertainty. The central bank's nine-member monetary policy committe
Published 07 Nov, 2014 12:00am
UK industrial output rebounds

UK industrial output rebounds

British industry grew faster than expected in September as a major oil field came back on stream and car production rebounded, a positive end to an otherwise soft third quarter for production. Thursday's official data showed industrial output rose 0.6 per
Published 07 Nov, 2014 12:00am
US jobless claims, wages data point to tightening market

US jobless claims, wages data point to tightening market

The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labour market conditions. Thursday's upbeat data underscored the res
Published 07 Nov, 2014 12:00am
Turkish Prime Minister announces plans to boost economy

Turkish Prime Minister announces plans to boost economy

Prime Minister Ahmet Davutoglu presented a programme on Thursday to boost the Turkish economy, including reducing its dependence on imports and boosting domestic energy resources, as growth continues to lag below target. Turkey last month slashed its grow
Published 07 Nov, 2014 12:00am
Opec sees global energy demand soaring 60 percent by 2040

Opec sees global energy demand soaring 60 percent by 2040

Global energy demand will increase by 60 percent by 2040 compared to 2010 levels, Opec said Thursday, with greenhouse-gas-emitting fossil fuels remaining by far humanity's main source of power. World oil output is projected to soar from 81.8 million barre
Published 07 Nov, 2014 12:00am
Gulf markets stabilise as US gains, oil supports

Gulf markets stabilise as US gains, oil supports

Gulf stock markets stabilised on Thursday after steep falls earlier in the week, as steadier oil prices and overnight gains by US equities persuaded some bargain-hunters to return. Dubai rose 0.1 percent to trim its weekly losses to 3.1 percent, Qatar add
Published 07 Nov, 2014 12:00am
Hong Kong shares fall, China rises

Hong Kong shares fall, China rises

Hong Kong markets fall 0.20 percent Thursday, a fourth straight loss despite a record close on Wall Street, while mainland shares were lifted by hopes of fresh economy-boosting measures from the government. The Hang Seng Index eased 46.31 points to 23,649
Published 07 Nov, 2014 12:00am
Tokyo stocks fall

Tokyo stocks fall

Tokyo stocks fell 0.86 percent Thursday on profit-taking, snapping a five day winning streak as the dollar's rally against the yen ran out of steam. The Nikkei 225 index at the Tokyo Stock Exchange lost 144.84 points to finish at 16,792.48, while the Topi
Published 07 Nov, 2014 12:00am
Thursday's midday trade: S&P hits record high

Thursday's midday trade: S&P hits record high

US stocks rose slightly in a volatile session on Thursday, with investors cheered that Europe would step in with more stimulus if needed, though continued weakness in energy shares and some lackluster results kept a lid on gains. Major indexes fluctuated
Published 07 Nov, 2014 12:00am
Dow, S&P at records after midterm vote

Dow, S&P at records after midterm vote

US stocks rose on Wednesday, with both the S&P 500 and Dow advancing to records, after Republicans took control of the Senate, allaying fears of drawn-out runoffs and raising investor hopes for more business- and energy-friendly policies. A stronger-than-
Published 07 Nov, 2014 12:00am
Indian markets closed

Indian markets closed

India's stocks, bonds and currency markets were closed on Thursday for a holiday. Trading will resume on Friday.
Published 07 Nov, 2014 12:00am
Treasury yields up

Treasury yields up

US Treasury debt yields inched higher on Wednesday as payroll processor ADP reported solid US private-sector job growth in October and gains in US stock prices reduced the safe-haven appeal of government debt. Benchmark yields briefly made a run toward 3-
Published 07 Nov, 2014 12:00am
Treasury yields up

Treasury yields up

US Treasury debt yields inched higher on Wednesday as payroll processor ADP reported solid US private-sector job growth in October and gains in US stock prices reduced the safe-haven appeal of government debt. Benchmark yields briefly made a run toward 3-
Published 07 Nov, 2014 12:00am
Battered Truworths leads South African stocks lower

Battered Truworths leads South African stocks lower

South African stocks slipped on Thursday with retailers hit after Truworths reported slower sales, increasing investor concern about the health of cash-strapped consumers. Shares of Truworths tumbled 7.4 percent to 69 rand, marking its biggest one-day fal
Published 07 Nov, 2014 12:00am
Australian shares down, New Zealand up

Australian shares down, New Zealand up

Australian shares ended Thursday's session 0.21 percent lower as investors sold banks before they trade ex-dividend and falling iron ore prices dragged down miners. The S&P/ASX 200 index fell 11.8 points to 5,506.1. The benchmark was mostly unchanged on W
Published 07 Nov, 2014 12:00am
Dovish Draghi helps European stocks end higher

Dovish Draghi helps European stocks end higher

European shares pared early losses and ended higher on Thursday after European Central Bank President Mario Draghi said the bank's governing council was unanimous in its commitment to using additional unconventional measures if needed. Draghi said the ECB
Published 07 Nov, 2014 12:00am
Nigerian stocks near six-year low

Nigerian stocks near six-year low

Nigeria's main share index shed 4 percent to almost a six-year low on Thursday, as foreign investors sold off stocks to repatriate funds, knocking the naira down to a new intraday low. The index fell to 34,515 points by 1129 GMT, a level last seen on Nove
Published 07 Nov, 2014 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks traded flat on Thursday morning, slightly lagging other regional bourses as investors remained cautious ahead of major companies' financial results. As of 0155 GMT, the main TAIEX index was up 1 point at 8963.58, after closing down 0.30 perc
Published 07 Nov, 2014 12:00am
Southeast Asian stocks mostly up

Southeast Asian stocks mostly up

Most Southeast Asian stock markets edged up on Thursday after key US indexes closed at record highs on Wednesday, but Indonesian shares continued to fall on disappointing economic data. Advances in US equities overnight helped lift sentiment, said Muhamad
Published 07 Nov, 2014 12:00am
FTSE ends slightly higher, RSA slips on premium concerns

FTSE ends slightly higher, RSA slips on premium concerns

Britain's top share index surrendered most of its gains and ended slightly higher on Thursday, with RSA leading insurers lower on weak premiums and drugmaker GlaxoSmithKline slipping after trading without the attraction of its latest dividend. RSA slipped
Published 07 Nov, 2014 12:00am
Dollar dips in Asia

Dollar dips in Asia

The dollar stumbled against the yen on Thursday as investors sold into a steep rally ahead of key events including the European Central Bank's policy meeting and US nonfarm payrolls. The euro dangled just above a two-year trough with investors waiting to
Published 07 Nov, 2014 12:00am
Euro holds modest gains in London trade

Euro holds modest gains in London trade

The euro held its ground on Thursday after the European Central Bank kept its benchmark interest rate close to zero, as expected, but the currency's modest gains could be short-lived if ECB chief Mario Draghi suggests more monetary easing is to come. The
Published 07 Nov, 2014 12:00am
Early trade in New York: Euro tumbles over two-year low

Early trade in New York: Euro tumbles over two-year low

The euro plunged to its lowest in more than two years against the dollar on Thursday after European Central Bank President Mario Draghi affirmed his pledge to use unconventional measures to stimulate a sluggish eurozone economy. Net euro short positions l
Published 07 Nov, 2014 12:00am
Dollar at multi-year highs in New York

Dollar at multi-year highs in New York

The dollar rose on Wednesday, extending multi-year highs after Republicans won control over both chambers of the US Congress for the first time since 2006, lifting investor expectations for more pro-business policies. Chances for a reduction in political
Published 07 Nov, 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. 77.40-77.41 (previous 77.40-77.41). Call Money Rates: 06.85-08.75 percent (* Previous 06.75-08.75 percent). (* revised).
Published 07 Nov, 2014 12:00am
China's yuan flat

China's yuan flat

China's yuan was flat against the dollar on Thursday, though the central bank weakened the official midpoint to the lowest level in two months. Spot yuan traded at 6.1149 per dollar near midday, almost no change from the previous day's close at 6.1146. It
Published 07 Nov, 2014 12:00am
Asian forex: Won hits 14-month low

Asian forex: Won hits 14-month low

South Korea's won hit a 14-month low on Thursday, leading losses among emerging Asian currencies, after a top official said the government will manage the currency to make it move in line with the weakening yen. South Korean Vice Finance Minister Joo Hyun
Published 07 Nov, 2014 12:00am
Aussie, New Zealand dollar under heavy pressure

Aussie, New Zealand dollar under heavy pressure

The Australian dollar dropped to four-year lows on Thursday as bears were in no mood to let a solid Australian jobs report interfere with a selling momentum. The New Zealand dollar fell in sympathy to two-year lows amid broad-based strength in the US doll
Published 07 Nov, 2014 12:00am
Sterling at five-week high against euro

Sterling at five-week high against euro

Sterling rose to a five-week high against the euro on Thursday after European Central Bank chief Mario Draghi affirmed the bank's balance sheet will be expanded to 2012 levels and emphasised ECB policymakers were unanimous in backing further easing measur
Published 07 Nov, 2014 12:00am
Messi equals Raul's Champions League goals record

Messi equals Raul's Champions League goals record

Lionel Messi equalled Real Madrid legend Raul as the top goalscorer in the history of the Champions League on 71 goals after scoring both goals in Barcelona's 2-0 win against Ajax on Wednesday. The Argentine headed Barca in front nine minutes before half-
Published 07 Nov, 2014 12:00am
Shakib puts Bangladesh on top

Shakib puts Bangladesh on top

All-rounder Shakib Al Hasan followed his century with a five-wicket haul as Bangladesh pushed for victory in the second Test against Zimbabwe in Khulna on Thursday. Bangladesh closed the fourth day's play at 201-5 in their second innings, an overall lead
Published 07 Nov, 2014 12:00am
German-Turkish player quits Turkey after a 'racist' attack

German-Turkish player quits Turkey after a 'racist' attack

A footballer for a Turkish top flight side said Thursday he has fled Turkey for Germany after a violent attack in Ankara where he was threatened over his Kurdish origins and support for Kurds in Kobane. Deniz Naki, who played for the Ankara-based Turkish
Published 07 Nov, 2014 12:00am
Ramprakash gets England batting coach role

Ramprakash gets England batting coach role

Mark Ramprakash has been appointed as England's new batting coach this week, the England and Wales Cricket Board (ECB) announced Thursday. Ramprakash, 45, had long been tipped to be Graham Gooch's successor after the ex-England opener was axed earlier thi
Published 07 Nov, 2014 12:00am
Zong congratulates Misbah, team members

Zong congratulates Misbah, team members

Zong, a subsidiary of China Mobile Communications Corporation (CMCC) and Pakistan's first and only 4G mobile service provider, congratulated Misbahul Haq and other team members of Pakistan on an exceptional Test series victory against the mighty Australia
Published 07 Nov, 2014 12:00am
CA apologies over flame thrower near miss

CA apologies over flame thrower near miss

Australian T20 captain Aaron Finch received an apology Thursday after a close call with a flame thrower during the team's loss to South Africa in Adelaide. Finch was shocked when he came within a metre (yard) of a burst of the pyrotechnic display as he we
Published 07 Nov, 2014 12:00am
Former captains back Clarke

Former captains back Clarke

Former Australia captains Ricky Ponting, Steve Waugh and Allan Border threw their support behind embattled skipper Michael Clarke Thursday, saying it was ridiculous to be questioning his credentials. Clarke arrived in Sydney on Wednesday after the team's
Published 07 Nov, 2014 12:00am
PCB unveils title, logo and sponsors for New Zealand series

PCB unveils title, logo and sponsors for New Zealand series

Pakistan Cricket Board (PCB) on Thursday announced title, presenting and other sponsors and also unveiled the logo for the home series against New Zealand commencing on November 9, 2014 in the United Arab Emirates (UAE).
Published 07 Nov, 2014 12:00am
Halep splits with coach Fissette

Halep splits with coach Fissette

World number three Simona Halep has split with coach Wim Fissette, despite enjoying the best year of her career. The Romanian said on her Facebook page that they had agreed to end their collaboration by common consent. "It was a very good year. I thank hi
Published 07 Nov, 2014 12:00am
33rd Punjab Amateur Golf Championship begins

33rd Punjab Amateur Golf Championship begins

The 33rd Punjab Amateur Golf Championship will be contested over three days starting from Friday (today) here at the Royal Palm Golf Course. This was stated by Omer Mir, General Manager, Royal Palm in a press conference at the Royal Palm Golf Club. Colone
Published 07 Nov, 2014 12:00am
PCB retains winning squad for first Test against New Zealand

PCB retains winning squad for first Test against New Zealand

Pakistan Cricket Board (PCB) on Thursday has announced the national cricket squad for the approaching three-match Test series against New Zealand and retained the same 16 men squad for the first Test that registered 2-0 Test victory against Australia, rec
Published 07 Nov, 2014 12:00am
EU scheme commits $350 million for research on Ebola vaccines, tests

EU scheme commits $350 million for research on Ebola vaccines, tests

The Europe Union and drugmakers pledged on Thursday to invest 280 million euros ($350 million) in Ebola research, with the lion's share going to the testing and manufacture of potential vaccines. The funding will go to projects backed by the Innovative Me
Published 07 Nov, 2014 12:00am
Nato chief vows Afghan support as combat mission ends

Nato chief vows Afghan support as combat mission ends

Nato's new chief Jens Stoltenberg pledged Thursday that Afghanistan would not be abandoned when the alliance's combat mission ends next month after 13 years of fighting against resilient Taliban insurgents. Nato's International Security Assistance Force (
Published 07 Nov, 2014 12:00am
Russia dismisses report of Putin ally in US money-laundering probe

Russia dismisses report of Putin ally in US money-laundering probe

Russia on Thursday dismissed a report saying US authorities are investigating a member of President Vladimir Putin's inner circle for money-laundering. In a politically thorny tightening of screws on Putin's billionaire allies, the US Justice Department a
Published 07 Nov, 2014 12:00am
Kenyan priest sentenced to death for Italian bishop's murder

Kenyan priest sentenced to death for Italian bishop's murder

A Kenyan Roman Catholic priest and four others were sentenced to death Thursday by a court in Nairobi for murdering an elderly Italian bishop almost a decade ago. "Catholic priest Guyo Waqo and four others have been sentenced to death for the murder of Is
Published 07 Nov, 2014 12:00am
Ukraine isolates rebel territory with passports rule

Ukraine isolates rebel territory with passports rule

Ukraine announced passport controls around pro-Russian separatist territories Thursday, as heavy artillery fire erupted in rebel-held Donetsk and Russia accused its neighbour of "crudely" violating the cease-fire. Ukraine's border guards service said anyo
Published 07 Nov, 2014 12:00am
India to appoint new defence minister

India to appoint new defence minister

India will appoint a new defence minister, a senior party official and another source told Reuters on Thursday, in a move that would allow the current minister, Arun Jaitley, to focus on his main job of steering the economy out of troubled waters. Since P
Published 07 Nov, 2014 12:00am
Putin cannot avoid me: Australia Prime Minister

Putin cannot avoid me: Australia Prime Minister

Australian Prime Minister Tony Abbott on Thursday warned Vladimir Putin he will not be able to avoid a "conversation" over the loss of Australian lives in the downing of Flight MH17 over Ukraine. Last month Abbott vowed to "shirtfront" the Russian preside
Published 07 Nov, 2014 12:00am
Gaza cucumbers reach West Bank for first time in seven years

Gaza cucumbers reach West Bank for first time in seven years

Israel on Thursday allowed the export of Gazan cucumbers to the West Bank for the first time in seven years, a Palestinian official at the Kerem Shalom commercial crossing told AFP. "A first lorry-load of cucumbers from Gaza reached Hebron in the southern
Published 07 Nov, 2014 12:00am
US-led Syria strikes hit Qaeda, Islamist rebels

US-led Syria strikes hit Qaeda, Islamist rebels

US-led air strikes in Syria hit al Qaeda-linked militants and an Islamist rebel brigade in a rare expansion of weeks-long raids targeting the Islamic State group, a monitor said Thursday. American media reported that 24-year-old French bomb-maker David Dr
Published 07 Nov, 2014 12:00am
Egypt train bomb death toll rises to four

Egypt train bomb death toll rises to four

A bomb on a train in Egypt killed four people including two policemen, officials said Thursday, while blasts in the Cairo metro and near a presidential palace wounded several others. The makeshift bomb exploded in a carriage late on Wednesday as policemen
Published 07 Nov, 2014 12:00am
Flamboyant gypsy guitarist Manitas de Plata dies

Flamboyant gypsy guitarist Manitas de Plata dies

Flamenco great Manitas de Plata, the gypsy guitarist of humble origins feted by artists Picasso and Dali, has died in France at the age of 93. The son of a horse trader, he was born Ricardo Baliardo in a gypsy caravan at Sete in the south of France in 192
Published 07 Nov, 2014 12:00am
Libya parliament rejects supreme court decision to nullify it

Libya parliament rejects supreme court decision to nullify it

Libya's internationally recognised parliament on Thursday rejected a supreme court decision to nullify it, saying the ruling was taken "under the threat of arms". "The House of Representatives rejects the verdict under these conditions and says it is stil
Published 07 Nov, 2014 12:00am
ICE cotton hits two-week low

ICE cotton hits two-week low

ICE cotton fell in choppy trade on Wednesday, under pressure from the rolling of closely watched index funds and expectations that the US government will increase its projections for excess global inventories in a monthly forecast next week. The most-acti
Published 07 Nov, 2014 12:00am
Shanghai copper drops

Shanghai copper drops

The most-traded January copper contract on the Shanghai Futures Exchange was down around 0.3 percent at 46,760 yuan ($7,650) on Wednesday and it remained under further pressure from a stronger US dollar and more signs of slowing economic growth in Europe
Published 07 Nov, 2014 12:00am
Copper steadies

Copper steadies

Copper steadied on Thursday after comments by the European Central Bank indicating readiness to use additional measures to shore up the economy offset worries about economic growth in top metals consumer China and a weak euro. European equities rallied af
Published 07 Nov, 2014 12:00am
Rubber gains

Rubber gains

Benchmark Tokyo rubber futures gained on Thursday, helped by lower yen and market talk that the state-run Rubber Estate Organisation (REO) in Thailand had bought about 400 tonnes of rubber to help support prices, dealers said. The Tokyo Commodity Exchange
Published 07 Nov, 2014 12:00am
Wheat drops on sluggish export prospects

Wheat drops on sluggish export prospects

US wheat futures on Wednesday fell 1.1 percent to their lowest in more than a week on poor export demand for US supplies and pressure from a firm US dollar, traders said. Corn and soyabeans rose, snapping two-session losing streaks on a round of short-cov
Published 07 Nov, 2014 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures fell to their lowest in over a week on Thursday, reversing gains made earlier in the session as a turn lower in crude oil prices triggered a sell off, traders said. "The weaker tone in crude oil, and a slight improvement in the
Published 07 Nov, 2014 12:00am
Sugar and coffee down

Sugar and coffee down

New York ICE sugar futures on Thursday hit a one-month low, pressured by a strengthening dollar and plentiful nearby supplies, while arabica coffee eased with a focus on the impact of rains on production in Brazil. Cocoa futures held steady, weighed by am
Published 07 Nov, 2014 12:00am
Gold tumbles in New York

Gold tumbles in New York

Gold sank about 2 percent on Wednesday to its lowest since mid-2010, potentially opening the way for a fall to $1,000 as a surging US dollar weakened the investment case for non-yielding bullion. Silver's fall as much as 5 percent to its weakest since Feb
Published 07 Nov, 2014 12:00am
Gold ticks up in Asia

Gold ticks up in Asia

Gold edged up slightly on Thursday as the dollar took a breather after a sharp rally, but the safe-haven metal continued to languish near its lowest level since April 2010 with fears mounting that $1,000 an ounce is the next target. Spot gold ticked up 0.
Published 07 Nov, 2014 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged higher on Thursday as a slump in prices to four-year lows tempted some buyers back to the market, but moves were muted ahead of key US non-farm payrolls data due at the end of the week. Fresh strength in the dollar - a rally in which knocked pr
Published 07 Nov, 2014 12:00am
Russia's winter grains still at risk

Russia's winter grains still at risk

Warm weather last week did not eliminate risks for Russia's fragile winter grain plantings, said a Moscow-based agriculture consultancy SovEcon, warning of a potential export decline next year from one of the world's key supplies. An early cold spell this
Published 07 Nov, 2014 12:00am
Oil down again as supply worry, dollar strength weigh

Oil down again as supply worry, dollar strength weigh

Oil markets fell on Thursday after a one-day spike as worries about high supplies returned to haunt traders, while the dollar pressed on with its rally which weighed on commodities priced in the currency. Benchmark Brent and US crude, however, ended off t
Published 07 Nov, 2014 12:00am
US MIDDAY: gold, silver soar

US MIDDAY: gold, silver soar

Gold crawled higher early on Thursday, after the prior day's slump in prices to four-year lows tempted some buyers back to the market and as the dollar dipped on profit-taking. Spot gold was up 0.3 percent at $1,144.30 an ounce at 1433 EST (1933 GMT) in m
Published 07 Nov, 2014 12:00am