AIRLINK 173.79 Increased By ▲ 3.22 (1.89%)
BOP 11.36 Increased By ▲ 0.18 (1.61%)
CNERGY 8.64 Increased By ▲ 0.23 (2.73%)
CPHL 101.64 Increased By ▲ 1.91 (1.92%)
FCCL 46.94 Increased By ▲ 0.34 (0.73%)
FFL 15.39 Increased By ▲ 0.24 (1.58%)
FLYNG 27.79 Increased By ▲ 0.24 (0.87%)
HUBC 143.75 Increased By ▲ 5.97 (4.33%)
HUMNL 12.99 Increased By ▲ 0.07 (0.54%)
KEL 4.52 Decreased By ▼ -0.02 (-0.44%)
KOSM 5.76 Increased By ▲ 0.40 (7.46%)
MLCF 62.33 Decreased By ▼ -0.07 (-0.11%)
OGDC 212.02 Decreased By ▼ -0.14 (-0.07%)
PACE 5.47 Increased By ▲ 0.05 (0.92%)
PAEL 47.07 Decreased By ▼ -0.11 (-0.23%)
PIAHCLA 18.08 Decreased By ▼ -0.40 (-2.16%)
PIBTL 10.86 Increased By ▲ 0.50 (4.83%)
POWER 12.26 Decreased By ▼ -0.07 (-0.57%)
PPL 171.28 Increased By ▲ 1.68 (0.99%)
PRL 35.88 Increased By ▲ 0.03 (0.08%)
PTC 23.36 Increased By ▲ 0.27 (1.17%)
SEARL 96.96 Increased By ▲ 0.70 (0.73%)
SSGC 41.71 Increased By ▲ 2.19 (5.54%)
SYM 14.15 Increased By ▲ 0.31 (2.24%)
TELE 7.10 Decreased By ▼ -0.05 (-0.7%)
TPLP 9.96 Decreased By ▼ -0.07 (-0.7%)
TRG 63.89 Increased By ▲ 0.41 (0.65%)
WAVESAPP 10.02 Increased By ▲ 0.03 (0.3%)
WTL 1.33 Increased By ▲ 0.02 (1.53%)
YOUW 3.72 Increased By ▲ 0.06 (1.64%)
BR100 12,447 Increased By 142.3 (1.16%)
BR30 37,919 Increased By 504.1 (1.35%)
KSE100 116,390 Increased By 1536.7 (1.34%)
KSE30 35,696 Increased By 479.1 (1.36%)
Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-11-23
South Africa's rand rallies

South Africa's rand rallies

South Africa's rand firmed against the dollar for the second straight day on Friday as renewed stimulus measures in the euro zone and China boosted the attractiveness of high-yielding yet riskier emerging market assets. By 1447 GMT the rand climbed 0.33 p
Published 23 Nov, 2014 12:00am
Supreme Court takes suo motu notice of Kot Radha Kishan incident

Supreme Court takes suo motu notice of Kot Radha Kishan incident

The Supreme Court of Pakistan on Saturday took suo motu notice of lynching of a Christian couple in a Kot Radha Kishan village in Punjab. The apex court has directed the provincial Punjab government to investigate the matter in three days and submit a rep
Published 23 Nov, 2014 12:00am
PBC election held; final result on November 29

PBC election held; final result on November 29

Polling for Punjab Bar Council (PBC) election was held here on Saturday with traditional zeal while the final result will be announced on November 29. Out of 205 polling booths in the province 45 were established at the Lahore High Court for Lahore divisi
Published 23 Nov, 2014 12:00am
Minister to open Lundianwala grid tomorrow

Minister to open Lundianwala grid tomorrow

State Minister for Water and Power Chaudhry Abid Sher Ali will inaugurate 132-KV Lundianwala grid station here on Monday. A spokesman of the FESCO said here on Saturday that Lundianwala grid station was completed within a record time of seven months at a
Published 23 Nov, 2014 12:00am
ASA executive members pass resolution against Secretary Javed Sami

ASA executive members pass resolution against Secretary Javed Sami

Punjab University Academic Staff Association's (ASA) acting secretary Dr Mahboob Hussain has said that President Dr Ahsan Sharif and dysfunctional secretary Javed Sami of the association have lost confidence among faculty members and have failed to protec
Published 23 Nov, 2014 12:00am
Regional food festival held

Regional food festival held

Living up to its tradition for arranging family events for the people of Peshawar, Pearl Continental hotel Peshawar has arranged a Regional Food Festival in its Green Lawn. The Green Lawn is decorated as per the theme. All the Five Provinces of Pakistan a
Published 23 Nov, 2014 12:00am
Two gangsters gunned down in Lyari

Two gangsters gunned down in Lyari

The paramilitary Sindh Rangers on Saturday claimed to have gunned down two high profile criminals of a banned Lyari gangster group. According to the Sindh Rangers spokesman, the raid was conducted on the basis of intelligence information about the presenc
Published 23 Nov, 2014 12:00am
MQM worker succumbs to injuries

MQM worker succumbs to injuries

Muttahida Quami Movement (MQM) worker Abdul Jabbar who was critically injured in a bomb attack in Orangi Town on Friday night, passed away on Saturday at Abbassi Shaheed Hospital. He was active worker of Unit 118-B, Orangi Town Sector, Karachi. At least 2
Published 23 Nov, 2014 12:00am
Energy project: Russia agrees to support Pakistan

Energy project: Russia agrees to support Pakistan

Russia has agreed to cooperate with Pakistan in energy related projects and modernisation of infrastructure. The agreement reached during third session of Pakistan-Russia Joint Working Group on Energy which met in Moscow. The Pakistan delegation was led b
Published 23 Nov, 2014 12:00am
Patiala House report prepared in name of Model Town tragedy: Qadri

Patiala House report prepared in name of Model Town tragedy: Qadri

Pakistan Awami Tehreek (PAT) chief Allama Tahirul Qadri on Saturday said Patiala House report has been prepared in the name of Judicial Investigation Team (JIT) report, which only awaits a sign off now. Talking to the media at his residence, PAT chief sai
Published 23 Nov, 2014 12:00am
PAT rally in Bhakkar today

PAT rally in Bhakkar today

All arrangements have been finalised as the Pakistan Awami Tehreek (PAT) would hold a public gathering at Jamil Stadium in Bhakkar today. PAT workers will take responsibility for security of the rally venue and the stage. According to District Police Offi
Published 23 Nov, 2014 12:00am
PTI rally in Larkana: Ghani rejects Aitzaz's assessment

PTI rally in Larkana: Ghani rejects Aitzaz's assessment

Pakistan Peoples Party Senator Saeed Ghani said on Saturday PTI failed to attract huge crowd in Larkana on Friday, dismissing his senior colleague Aitzaz Ahsan assessment who adjudged the rally as a big show. Earlier this morning, Aitzaz said, "We should
Published 23 Nov, 2014 12:00am
'KP government expedites work on small, medium hydel power plants'

'KP government expedites work on small, medium hydel power plants'

KP Chief Minister Pervez Khattak has said that speedy work is being started on all small and medium hydel power stations in the province and during next three months 20 mega watt electricity would be included in the national grid. He was speaking to a del
Published 23 Nov, 2014 12:00am
Ahmed set to return for ODIs, Sohaib out

Ahmed set to return for ODIs, Sohaib out

Pakistan received some good news on their injured key players Saturday with opener Ahmed Shehzad set to return for the limited over series against New Zealand. Shehzad, 22, suffered a minor skull fracture during the first Test against New Zealand in Abu D
Published 23 Nov, 2014 12:00am
Frenchman Lavillenie, Kiwi Adams are Athletes of Year

Frenchman Lavillenie, Kiwi Adams are Athletes of Year

Pole vault world record holder Renaud Lavillenie and Olympic shot put champion Valerie Adams were named World Athletes of the Year at an IAAF gala in Monaco on Friday. It marked the first time that field event athletes had won both awards and the first ti
Published 23 Nov, 2014 12:00am
PCB chief announces raft of initiatives to promote women's cricket

PCB chief announces raft of initiatives to promote women's cricket

Chairperson of Pakistan Cricket Board (PCB) Women's Wing Bushra Aitzaz was given a warm farewell by the PCB at a function here the National Cricket Academy. Bushra Aitzaz had completed her stint of four years as chairperson, PCB Women's Wing. The salient
Published 23 Nov, 2014 12:00am
Swiss on verge of Davis Cup glory

Swiss on verge of Davis Cup glory

Roger Federer and Stan Wawrinka gave Switzerland a 2-1 lead over France in the Davis Cup final with a commanding doubles win over Julien Benneteau and Richard Gasquet in Lille on Saturday. The world number two and four were in charge from the start and bo
Published 23 Nov, 2014 12:00am
Double-bogeys blunt McIlroy's charge in Dubai

Double-bogeys blunt McIlroy's charge in Dubai

Rory McIlroy made double bogeys on successive holes in the third round of the $8 million DP World Tour Championship on Saturday, slipping four strokes behind joint-leaders Henrik Stenson and Rafael Cabrera-Bello. World number one McIlroy began two shots a
Published 23 Nov, 2014 12:00am
Australia eye top ODI spot on back of Smith

Australia eye top ODI spot on back of Smith

Australia may have already clinched the series against South Africa but they have the incentive of top spot on the world one-day rankings in Sunday's fifth ODI in Sydney. The Australians reeled in South Africa's 267 for eight with a thrilling century from
Published 23 Nov, 2014 12:00am
Bayern hammer Hoffenheim to go seven points clear

Bayern hammer Hoffenheim to go seven points clear

Bayern Munich opened a seven-point lead in the Bundesliga on Saturday as they warmed up for their Champions League clash at Manchester City with a 4-0 hammering of Hoffenheim. Pep Guardiola's Bayern have already claimed their last 16 place as group winner
Published 23 Nov, 2014 12:00am
FIFA credibility in freefall, says German league chief

FIFA credibility in freefall, says German league chief

The head of Germany's Football League (DFL) launched a scathing attack on FIFA on Saturday, saying co-ordinated action was needed from Europe to reform world soccer's governing body. FIFA is in the middle of a crisis and have been fending off allegations
Published 23 Nov, 2014 12:00am
Man United edge Arsenal, Chelsea pull away

Man United edge Arsenal, Chelsea pull away

A Kieran Gibbs own goal and a Wayne Rooney strike saw Manchester United return to the Premier League's top four with a bruising 2-1 victory at Arsenal on Saturday. Arsenal subjected United's makeshift back-four to heavy pressure throughout the game at the
Published 23 Nov, 2014 12:00am
Milestone man Osman gives Everton victory

Milestone man Osman gives Everton victory

Leon Osman ensured his 400th Everton appearance was one to savour as he scored the decisive goal in their 2-1 Premier League victory over West Ham United on Saturday. Belgium striker Romelu Lukaku had put the Toffees ahead in the first half before Mauro Z
Published 23 Nov, 2014 12:00am
Commodities boosted by 'double dose' of stimulus

Commodities boosted by 'double dose' of stimulus

Commodity markets mostly rallied this week as China cut interest rates for the first time in more than two years, boosting the demand outlook in the Asian powerhouse. Prices also won support after European Central Bank chief Mario Draghi signalled readine
Published 23 Nov, 2014 12:00am
New York gold hits three-week high after China rate cut, ECB comments

New York gold hits three-week high after China rate cut, ECB comments

Gold climbed above $1,200 an ounce on Friday to its highest in three weeks, helped by short-covering and after a surprise interest rate cut by China fuelled hopes that demand would rise in the world's biggest consumer of the metal. Also underpinning gold'
Published 23 Nov, 2014 12:00am
Iraq needs wheat planting boost to salvage next harvest: UN

Iraq needs wheat planting boost to salvage next harvest: UN

To address Iraq's deepening food insecurity international donors need to not only feed displaced people but also help farmers salvage next year's wheat harvest, a senior United Nations official told Reuters. The prospect is not starvation tomorrow but rat
Published 23 Nov, 2014 12:00am
Cotton futures jump as low prices renew buyers' appetites

Cotton futures jump as low prices renew buyers' appetites

Cotton futures jumped from depressed levels on Friday as short-covering and bargain-hunting inspired buying, though prices still finished with a 5 percent weekly decline. The most-active March cotton contract on ICE Futures US rose 0.66 cent, or 1.1 perce
Published 23 Nov, 2014 12:00am
US cotton farmers rush to government support as prices sink

US cotton farmers rush to government support as prices sink

Cotton farmers have rushed to a government loan support program for the first time in five years, according to US Department of Agriculture data, the latest sign that governments are helping to shoulder the burden of a huge price rout. The USDA has so far
Published 23 Nov, 2014 12:00am
Mali trims cotton forecast

Mali trims cotton forecast

Poor rainfall in some areas and flooding in others have forced Mali to lower its raw cotton production forecast to 547,700 tonnes for the 2014/15 season, the government-owned Malian Company for the Development of Textile (CMDT) said on Thursday. The count
Published 23 Nov, 2014 12:00am
US farmers set to get huge government payouts despite bumper harvest

US farmers set to get huge government payouts despite bumper harvest

US farmers are about to reap a bumper harvest not just in corn and soyabeans but also in new subsidies that could soar to $10 billion, blowing a hole in the government's promise that its new five-year farm bill would save taxpayers money.
Published 23 Nov, 2014 12:00am
Traders, chocolate makers cut cocoa net short position to 2013 low

Traders, chocolate makers cut cocoa net short position to 2013 low

Cocoa traders and chocolate makers have cut their net short position nearly in half in the past seven weeks, bringing it to the lowest since July 2013, data showed on Friday, suggesting they are unwinding hedges. This move comes as the benchmark cocoa fut
Published 23 Nov, 2014 12:00am
Asian rubber producers agree to manage exports to fight oversupply

Asian rubber producers agree to manage exports to fight oversupply

Top Asian rubber producers have agreed to "manage" exports to international markets to curb excess supply, although analysts said the step would have little impact on battered prices without a robust pickup in demand. Benchmark rubber prices have fallen a
Published 23 Nov, 2014 12:00am
Top platinum miners join forces to tap investors

Top platinum miners join forces to tap investors

The world's top platinum producers are teaming up to try to increase the metal's standing as an investment asset and not just a primary material, the group's representative told AFP Wednesday. With platinum prices hovering near five year lows and mines hi
Published 23 Nov, 2014 12:00am
Thailand, Indonesia and Malaysia plan regional rubber exchange

Thailand, Indonesia and Malaysia plan regional rubber exchange

Top Asian rubber producers Thailand, Indonesia and Malaysia are planning a regional exchange that will allow physical trading of the commodity, an official with the Malaysian ministry said on Friday. The exchange, targeted to be set up within 18 months, i
Published 23 Nov, 2014 12:00am
US-led strikes have killed 910 people in Syria

US-led strikes have killed 910 people in Syria

Air strikes by US-led forces in Syria have killed 910 people, including 52 civilians, since the start of the campaign against Islamic State and other fighters two months ago, a group monitoring the conflict said on Saturday. The majority of the deaths, 78
Published 23 Nov, 2014 12:00am
Biden, Erdogan seek to ease narrow differences on Syria

Biden, Erdogan seek to ease narrow differences on Syria

US Vice President Joe Biden on Saturday met Turkish President Recep Tayyip Erdogan in Istanbul in a bid to ease strains over the Syria crisis and persuade Turkey to step up its support for the coalition against Islamic State (IS) jihadists. The trip to Is
Published 23 Nov, 2014 12:00am
Saudi Arabia tackles MERS virus, still hunting source

Saudi Arabia tackles MERS virus, still hunting source

Saudi Arabia has not yet traced the source of a mysterious camel virus, leaving many questions about a disease that has killed 346 people in the Kingdom. The lack of scientific evidence about how camels contract the virus, which causes an often fatal illn
Published 23 Nov, 2014 12:00am
Fears of army influence as interim: Burkina Prime Minister picks team

Fears of army influence as interim: Burkina Prime Minister picks team

Burkina Faso army strongman and new Prime Minister Isaac Zida was set Saturday to name his ministerial team, amid fears of continued military dominance despite a phased return to democratic rule. Lieutenant Colonel Zida, in charge of Burkina Faso since th
Published 23 Nov, 2014 12:00am
Philippines blacklists nine Hong Kong journalists for heckling Aquino

Philippines blacklists nine Hong Kong journalists for heckling Aquino

The Philippines has barred entry to nine Hong Kong television and radio journalists, saying they heckled President Benigno Aquino during a meeting of the Apec grouping last year and presented a threat to public safety. The National Intelligence Co-ordinat
Published 23 Nov, 2014 12:00am
UN calls for credible Myanmar polls, minority protection

UN calls for credible Myanmar polls, minority protection

The United Nations called on Myanmar on Friday to continue reforms to ensure credible elections next year and to step up efforts to protect ethic and religious minorities. A resolution passed the UN General Assembly committee dealing with human rights wel
Published 23 Nov, 2014 12:00am
Icelandic interior minister quits

Icelandic interior minister quits

Iceland's minister of the interior quit on Friday after her assistant was convicted last week of illegally leaking information about an asylum seeker to media a year ago. Gisli Freyr Valdorsson had admitted to leaking information about Nigerian Tony Omos,
Published 23 Nov, 2014 12:00am
China building South China Sea island big enough for airstrip

China building South China Sea island big enough for airstrip

Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea, a leading defense publication said on Friday. The construction has st
Published 23 Nov, 2014 12:00am
Tens of thousands march against abortion in Spain

Tens of thousands march against abortion in Spain

Tens of thousands of Spaniards rallied in Madrid on Saturday threatening to punish the government in elections next year unless it revives a plan to restrict women's access to abortion. Waving white flags with the slogan "Every life counts", demonstrators
Published 23 Nov, 2014 12:00am
6.2 quake hits central Japan, flattens houses

6.2 quake hits central Japan, flattens houses

A strong 6.2 magnitude earthquake struck central Japan late Saturday, the US Geological Survey said, flattening houses, as media reported 15 people were briefly trapped under collapsed buildings. The quake struck at 10:08 pm local time (1308 GMT) at a dep
Published 23 Nov, 2014 12:00am
Obama signs order expanding US Afghanistan role

Obama signs order expanding US Afghanistan role

US President Barack Obama has signed a secret order authorising a broader military mission in Afghanistan in 2015 than originally planned, the New York Times reported on Saturday. The decision ensures a direct role for American troops in fighting in Afgha
Published 23 Nov, 2014 12:00am
Obama signs order expanding US Afghanistan role

Obama signs order expanding US Afghanistan role

US President Barack Obama has signed a secret order authorising a broader military mission in Afghanistan in 2015 than originally planned, the New York Times reported on Saturday. The decision ensures a direct role for American troops in fighting in Afgha
Published 23 Nov, 2014 12:00am
Anti-foreigner protesters rally in German capital

Anti-foreigner protesters rally in German capital

About 500 protesters, among them neo-Nazis and angry local residents, protested in the German capital on Saturday against the construction of a centre for refugees seeking political asylum. A large number of police kept watch over the protest march and ov
Published 23 Nov, 2014 12:00am
US releases Guantanamo prisoner to Saudi Arabia

US releases Guantanamo prisoner to Saudi Arabia

A Saudi inmate held for 12 years at the US prison at Guantanamo Bay, Cuba, on suspicion of fighting in Afghanistan for al Qaeda has been transferred to Saudi Arabia, the US Defense Department said on Saturday. Muhammad Murdi Issa al-Zahrani was cleared fo
Published 23 Nov, 2014 12:00am
Bahrain holds elections as Shia opposition boycotts vote

Bahrain holds elections as Shia opposition boycotts vote

Bahrainis voted on Saturday in elections boycotted by the Shia Muslim opposition over accusations that constituency changes would still favour the Sunni Muslim majority represented by the ruling family. Bahrain has been shaken by low-level unrest since Sh
Published 23 Nov, 2014 12:00am
United Nations members resolve to end child marriage

United Nations members resolve to end child marriage

  • The United Nations agreed on Friday that all members should pass and enforce laws banning child marriages, resolving to end a practice that affects about 15 million girls every year. The committee of the 193-nation General Assembly that deals with human
Published 23 Nov, 2014 12:00am
French archaeologist dies

French archaeologist dies

French archaeologist Jean-Francois Jarrige, who headed the Musee Guimet in Paris for 22 years, has died aged 74 following a long illness, the prestigious museum of Asian arts said Saturday. Born in the south-western pilgrimage city of Lourdes on August 5,
Published 23 Nov, 2014 12:00am
Mali records new Ebola case, linked to dead nurse

Mali records new Ebola case, linked to dead nurse

Mali has recorded a new case of Ebola in the capital Bamako after the friend of a nurse who died of the haemorrhagic fever earlier this month tested positive for the disease, health and medical officials said on Saturday. The nurse contracted the disease
Published 23 Nov, 2014 12:00am
Germany reports second case of bird flu

Germany reports second case of bird flu

German authorities on Saturday confirmed a second case of the H5N8 strain of bird flu in the eastern state of Mecklenburg-Vorpommern, with the virus found in a wild bird. The strain is highly contagious among birds but has never been detected in humans. "
Published 23 Nov, 2014 12:00am
Obama urges critics to 'pass a bill' on immigration

Obama urges critics to 'pass a bill' on immigration

Obama urged Congress to pass comprehensive immigration reform as he used his weekly address Saturday to again defend his unilateral action shielding millions of undocumented immigrants from deportation.
Published 23 Nov, 2014 12:00am
India invites bids for $2.4 billion artillery contract

India invites bids for $2.4 billion artillery contract

India on Saturday invited bids for a $2.4-billion artillery deal while deferring a decision on acquiring 106 Swiss Pilatus aircraft for fighter pilot training. The bid for 814 mounted guns is the first big artillery tender in nearly three decades since th
Published 23 Nov, 2014 12:00am
Portuguese former Prime Minister Socrates arrested

Portuguese former Prime Minister Socrates arrested

Portuguese police have arrested former Socialist prime minister Jose Socrates and three other people in an investigation of suspected tax fraud, corruption and money-laundering, the Prosecutor General's office said on Saturday. The arrest, the first invol
Published 23 Nov, 2014 12:00am
Paintings discovered at Greece's biggest ancient tomb

Paintings discovered at Greece's biggest ancient tomb

Paintings of daily life have been discovered on columns at Greece's biggest ancient tomb at Amphipolis in the northern region of Macedonia, the Greek culture ministry said Saturday. "After cleaning the columns, images of people, objects and utensils were
Published 23 Nov, 2014 12:00am
Bearish bets on won largest since 2008 crisis

Bearish bets on won largest since 2008 crisis

Investors built up the largest short positions in the South Korean won since the 2008 global financial crisis in the last two weeks as sentiment towards most emerging Asian currencies soured as the yen hit multi-year lows, a Reuters poll showed. Long posi
Published 23 Nov, 2014 12:00am
Canadian dollar hits three-week high

Canadian dollar hits three-week high

The Canadian dollar rallied to a three-week high against the greenback on Friday after Canadian inflation data came in stronger than forecast, making an interest-rate cut by the Bank of Canada highly unlikely. The currency was also buoyed by a rise in cru
Published 23 Nov, 2014 12:00am
New Argentine central bank chief says currency will be kept stable

New Argentine central bank chief says currency will be kept stable

Investors betting that Argentina will have another sharp currency devaluation are going to lose, central bank chief Alejandro Vanoli said on Tuesday, assuring the market that there is a firm policy to keep the peso stable. Since Vanoli became head of the
Published 23 Nov, 2014 12:00am
US dollar net long highest since 2008

US dollar net long highest since 2008

Speculators increased their net long US dollar position in the latest week to its largest in six years, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net long position surged to $46.45 billion in the week e
Published 23 Nov, 2014 12:00am
Ghana creates power ministry

Ghana creates power ministry

Ghana's President John Mahama created a ministry of power on Saturday in a fresh bid to resolve a long-standing electricity crisis that has slowed economic growth and frustrated citizens with frequent power cuts. Kwabena Donkor, the chairman of parliament
Published 23 Nov, 2014 12:00am
Mexican coffee tumbles to 10-month low

Mexican coffee tumbles to 10-month low

The premium of coffee grown in Mexico and stored in US warehouses has tumbled to a 10-month low as exporters there clear out their stocks to make room for the new crop being harvested, US importers said on Thursday. "They're trying to get rid of what they
Published 23 Nov, 2014 12:00am
US FOB Gulf soyabean export premiums steady to firm

US FOB Gulf soyabean export premiums steady to firm

Soyabean export premiums for shipments from the US Gulf Coast were steady to firm on Friday, underpinned by tight nearby export loading capacity and hopes that an interest rate cut in China would spur demand from the world's top buyer, traders said.
Published 23 Nov, 2014 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was up on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The December contract closed at Rs 1500.40 but commenced with a gain of 20 paisa at Rs 1500.60 in the morning session, they said. The J
Published 23 Nov, 2014 12:00am
Trading activity slowed down on cotton market

Trading activity slowed down on cotton market

Some leading mills and spinners were on the sidelines on the cotton market on Saturday, causing a fall in the volume of business, dealers said. The official spot rate maintained overnight level at Rs 4,800, they added. In the ready session, around 15,000
Published 23 Nov, 2014 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures edged higher on Friday, supported by a lack of farmer selling and stronger soybean markets. January canola gained 70 cents to $431 per tonne. The contract gained 0.7 percent for the week. Chicago Board of Trade January soybeans
Published 23 Nov, 2014 12:00am
US natural gas futures fall five percent

US natural gas futures fall five percent

US natural gas futures ended down 5 percent on Friday on profit taking after as forecasts for less frigid temperatures spurred some traders to cash in on gains made earlier in the week. Front-month gas futures on the New York Mercantile Exchange closed do
Published 23 Nov, 2014 12:00am
Upward trend seen on grain market

Upward trend seen on grain market

Rising trend was witnessed on the wholesale grain market on Saturday in the process of modest activity, dealers said. On the cereals side, Moong Punjab was higher by Rs 250 to Rs 11750 and Moong Afghan went up by Rs 850 to Rs 12250, Khandsari was down by
Published 23 Nov, 2014 12:00am
US Midwest corn bids steady to higher

US Midwest corn bids steady to higher

Spot corn basis bids were mostly steady to higher around the US Midwest on Friday after rising earlier this week due to slow farmer selling, grain merchants said. A large processor in Decatur, Ill., raised its corn bid by 2 cents from Thursday to 10 cents
Published 23 Nov, 2014 12:00am
Asian coffee: Vietnam sales pick up, Indonesia's output falls

Asian coffee: Vietnam sales pick up, Indonesia's output falls

Sales of fresh Vietnamese coffee beans are picking up as the harvest is accelerating in the world's largest robusta producer and prices have improved in line with global market gains, traders said on Thursday. Up to 15 percent of Vietnam's 2014/2015 crop
Published 23 Nov, 2014 12:00am
Saudi Arabia tenders to buy 330,000 tonnes of hard wheat

Saudi Arabia tenders to buy 330,000 tonnes of hard wheat

Saudi Arabia's state grains authority GSFMO said on Thursday it had issued an international tender to purchase 330,000 tonnes of hard wheat. The tender deadline is Friday, November 21, said GSFMO director general Waleed el Khereiji. The wheat, with 12.5 p
Published 23 Nov, 2014 12:00am
Palm oil down on European vegoils market

Palm oil down on European vegoils market

Palm oil on the European vegetable oils market was offered lower on Thursday due to slower Malaysian palm oil exports during the first 20 days of November. "Dwindling exports were the main reason for prices to come down a bit. Overall lack of fresh market
Published 23 Nov, 2014 12:00am
CBOT wheat futures end flat

CBOT wheat futures end flat

Front-month wheat futures on the Chicago Board of Trade closed unchanged on Friday following a choppy, technical trade, as poor export demand for US wheat offset support from short-covering and strength in corn and soy, traders said. K.C. hard red winter
Published 23 Nov, 2014 12:00am
EU wheat prices steady to higher

EU wheat prices steady to higher

Western European wheat prices were steady to higher on Thursday, supported by healthy export demand and a rebound on the US market. On the Paris-based Euronext futures market, January milling wheat rose 2.25 euros or 1.3 percent to 174.75 euros a tonne. A
Published 23 Nov, 2014 12:00am
Cameroon's cocoa grinder purchases 13,144 tonnes of beans

Cameroon's cocoa grinder purchases 13,144 tonnes of beans

Cameroon's local cocoa grinders had purchased 13,144 tonnes of beans by the end of October, down from 13,658 tonnes in the same period in the 2013/14 season, according to statistics from the National Cocoa and Coffee Board (NCCB) seen on Thursday. Leading
Published 23 Nov, 2014 12:00am
Indian soyabean futures down on profit taking

Indian soyabean futures down on profit taking

Indian soyabean futures fell on Thursday for the second session in a row on profit taking as arrivals of the main summer oilseed crop picked up in major spot markets. Soyaoil took cue from rival palm oil, while rapeseed ended up on short covering on dimin
Published 23 Nov, 2014 12:00am
Asian millers eye Canadian spring wheat as Australian supply slows

Asian millers eye Canadian spring wheat as Australian supply slows

Asian flour millers are looking at buying Canadian spring wheat for shipment early next year as supplies from drought-hit Australia are likely to remain slow, traders said. Canadian western spring red spring wheat is being offered at around $345 a tonne,
Published 23 Nov, 2014 12:00am
Indonesian sugar sector 'at critical point' due to scarce raw imports

Indonesian sugar sector 'at critical point' due to scarce raw imports

Indonesia's government must issue 2015 raw sugar import permits this month or face further closures of refineries and shutdowns at food and drinks businesses, an industry group in the world's top importer said, warning the situation was at crisis point.
Published 23 Nov, 2014 12:00am
Telecom Italia seals $1 billion masts deal

Telecom Italia seals $1 billion masts deal

Telecom Italia will examine a possible tie-up between its Brazilian unit Tim Participacoes and local group Oi, it said as it announced the sale of mobile phone masts for more than 900 million euros ($1.1 billion). Brazil's telecom market is in the process
Published 23 Nov, 2014 12:00am
Apple $450 million e-book settlement gets final court approval

Apple $450 million e-book settlement gets final court approval

A US judge on Friday gave final approval to Apple Inc's agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices. During a hearing in Manhattan, US District Judge Denise Cote approved wh
Published 23 Nov, 2014 12:00am
Egypt hires German firm to bore transport tunnels under Suez Canal

Egypt hires German firm to bore transport tunnels under Suez Canal

Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves. Unlisted Herrenknecht AG wa
Published 23 Nov, 2014 12:00am
Hungary teachers protest against cuts, reforms

Hungary teachers protest against cuts, reforms

Thousands of Hungarian teachers demonstrated in Budapest on Saturday against Prime Minister Viktor Orban's government, demanding a stop to funding cuts and dialogue over controversial education reforms. The approximately 2,000 teachers said they have been
Published 23 Nov, 2014 12:00am
Chinese premier urges 'new growth engines'

Chinese premier urges 'new growth engines'

Chinese Premier Li Keqiang has called for "new growth engines" to counter slowing growth in the world's second largest economy, Xinhua reported late on Friday. The comments came as China unexpectedly cut interest rates for the first time in more than two
Published 23 Nov, 2014 12:00am
China's ICBC to set up offshore yuan centre in Los Angeles

China's ICBC to set up offshore yuan centre in Los Angeles

China's Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi centre in California, the bank said on Saturday. The move to create an offshore RMB centre
Published 23 Nov, 2014 12:00am
US, Mexico reach aviation pact

US, Mexico reach aviation pact

The United States and Mexico have reached an agreement to expand passenger and cargo air service that would remove current limits on the number of airlines that can provide passenger service on routes between the two countries, the US Transportation Depar
Published 23 Nov, 2014 12:00am
Belarus cuts 2015 economic growth forecast

Belarus cuts 2015 economic growth forecast

Belarus has cut its 2015 economic growth forecast to 0.2-0.7 percent from the previous 2.0 percent because of the economic slowdown in Russia, state news agency Belta quoted Economy Minister Nikolai Snopkov as saying. In recent years, Belarus has received
Published 23 Nov, 2014 12:00am
Europe not at risk of full-blown deflation: ECB's Constancio

Europe not at risk of full-blown deflation: ECB's Constancio

Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday. Many fear the euro zone, where annual inflation fell far short of the ECB'
Published 23 Nov, 2014 12:00am
Lockheed, Pentagon ink $4.7 billion deal

Lockheed, Pentagon ink $4.7 billion deal

The Pentagon said on Friday it had awarded Lockheed Martin Corp a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch. T
Published 23 Nov, 2014 12:00am
Italy expects no further EU demands to correct budget

Italy expects no further EU demands to correct budget

Italy does not expect any more requests from the European Commission to change its 2015 budget to meet European rules on debt reduction, Italy's top official on EU policy said on Saturday. Prime Minister Matteo Renzi's government has already tightened its
Published 23 Nov, 2014 12:00am
Russia has no plan to cut oil output

Russia has no plan to cut oil output

Russia, the world's biggest energy exporter, does not plan to cut oil production to shore up prices, Rossiya 24 television quoted Energy Minister Alexander Novak as saying on Saturday. Russia, which relies on oil and gas exports for about half its federal
Published 23 Nov, 2014 12:00am
US welcomes oil deal between Iraqi Kurdistan and Baghdad

US welcomes oil deal between Iraqi Kurdistan and Baghdad

US Vice President Joe Biden welcomed an agreement between Iraq's central government and its northern Kurdistan region over the management of oil exports, a step forward in a feud that has threatened the unity of Iraq. In a speech in Istanbul on Saturday t
Published 23 Nov, 2014 12:00am
Samsung files ITC complaint to block Nvidia chips from US

Samsung files ITC complaint to block Nvidia chips from US

South Korea's Samsung Electronics Co Ltd has filed a complaint with the US International Trade Commission seeking to block computer-graphics chips made by Nvidia Corp from the US market, Bloomberg reported. Samsung had accused Nvidia of infringing several
Published 23 Nov, 2014 12:00am
Eurozone yields hit record low

Eurozone yields hit record low

Yields on a clutch of euro zone countries' bonds hit record lows on Friday after European Central Bank President Mario Draghi gave his strongest signal yet that government debt purchases may not be far away. Ten-year bond yields in Ireland, Italy, Austria
Published 23 Nov, 2014 12:00am
Rich values, poor rules dog Hong Kong-Shanghai stock volumes

Rich values, poor rules dog Hong Kong-Shanghai stock volumes

Profit-taking and queasiness about the rules blighted trading via the Shanghai-Hong Kong stock connect this week after a brisk first day when mostly hedge funds and private banks snapped up all the available mainland shares within hours.
Published 23 Nov, 2014 12:00am
Treasuries outlook: long bond yields fall after comments from Draghi

Treasuries outlook: long bond yields fall after comments from Draghi

US Treasury long bond yields fell on Friday in thin trading, in line with declines in the euro zone after European Central Bank President Mario Draghi said the central bank was prepared to do more to stimulate the sluggish euro zone economy. US government
Published 23 Nov, 2014 12:00am
Eurozone yields hit record low

Eurozone yields hit record low

Yields on a clutch of euro zone countries' bonds hit record lows on Friday after European Central Bank President Mario Draghi gave his strongest signal yet that government debt purchases may not be far away. Ten-year bond yields in Ireland, Italy, Austria
Published 23 Nov, 2014 12:00am
Previous Day