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Print - 2014-12-31
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (December 30, 2014).

Published 31 Dec, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (December 30, 2014).
Published 31 Dec, 2014 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (December 30, 2014).

Published 31 Dec, 2014 12:00am
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 Tuesday (December 30, 2014).

Published 31 Dec, 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 Tuesday (December 30, 2014).

Published 31 Dec, 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 Tuesday (December 30, 2014).

Published 31 Dec, 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 31 Dec, 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 31 Dec, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 31 Dec, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 31 Dec, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.164 billion and the number of lots traded was 9,240. PMEX Commodity Index closed at 2,595. Major business was contributed by crude oil amounting to PKR 672 million followed by gold (P
Published 31 Dec, 2014 12:00am
CBOT wheat futures higher on technical buying

CBOT wheat futures higher on technical buying

Wheat futures on the Chicago Board of Trade ended higher on Monday, with the March contract settling above its 200-day moving average on technical buying and fresh US sales to Iraq, traders said. Trade was choppy, with values pressured by disappointing we
Published 31 Dec, 2014 12:00am
US Midwest corn and soya bids mostly steady

US Midwest corn and soya bids mostly steady

Spot corn and soyabean basis bids were mostly steady in the US Midwest on Monday, while farmers sold crops early in the session, grain merchants said. Farmers sold light amounts of soyabeans early on Monday as cash prices hovered above $10 per bushel, but
Published 31 Dec, 2014 12:00am
US FOB Gulf wheat export premiums steady

US FOB Gulf wheat export premiums steady

US wheat export premiums at Gulf Coast terminals held steady on Monday, capped by light demand for US supplies as cheaper grain is available from several other exporters. US wheat was not expected to benefit immediately from export curbs by Russia which a
Published 31 Dec, 2014 12:00am
Lower global prices cut Vietnamese coffee trade

Lower global prices cut Vietnamese coffee trade

Lower global prices have curtailed coffee trading in Vietnam, the world's largest robusta producer, but farmers are expected to unload beans next month ahead of the country's biggest annual festival, traders said on Tuesday. Robusta futures have fallen ar
Published 31 Dec, 2014 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 67,195 tonnes of cargo comprising 35,508 tonnes of import cargo and 31,687 tonnes of export cargo including 4,887 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 35,5
Published 31 Dec, 2014 12:00am
Oil cake market rates

Oil cake market rates

Futures continued fall on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The January contract closed at Rs 1569.50 on Monday and it opened with a decline of 40 paisa at Rs 1569.10 in the morning session, they sai
Published 31 Dec, 2014 12:00am
Cotton market: Ginners may raise asking prices amid slow arrivals

Cotton market: Ginners may raise asking prices amid slow arrivals

Prices maintained upward march on the cotton market on Tuesday amid tight supply of fine quality, dealers added. The official spot rate was higher by Rs 50 to Rs 4,950, they said. In the ready session, around 13,000 bales of cotton changed hands between R
Published 31 Dec, 2014 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Monday, boosted by catch-up buying after last week's holidays and higher soybean oil. The market was closed last Thursday and Friday for Canadian holidays. On Friday, Chicago March soybeans, which often set canola's dir
Published 31 Dec, 2014 12:00am
Bangladesh tea prices fell

Bangladesh tea prices fell

Tea prices in Bangladesh fell at the weekly auction on Tuesday, snapping a seven-week run of gains, on subdued demand and lower supply of premier-quality leaf. Bangladeshi tea fetched an average 191.02 taka ($2.40) per kg, compared with 192.96 taka at the
Published 31 Dec, 2014 12:00am
Lean business on grain market

Lean business on grain market

Thin trading was seen on the local grain market on Tuesday in the process of trading, dealers said. On the grams side, grams 50x50 lost Rs 200 to Rs 575o due to easy supply position, other items did not move due to balanced demand and supply position, the
Published 31 Dec, 2014 12:00am
Argentina says oil price plunge to cut energy trade deficit

Argentina says oil price plunge to cut energy trade deficit

The slump in international oil prices and increased domestic output will reduce Argentina's energy trade deficit by 16 percent next year to $5.6 billion, the government said on Tuesday, helping to ease strains on the balance of payments. Argentina is grap
Published 31 Dec, 2014 12:00am
Brisk Zambia growth seen, new mine tax regime remains

Brisk Zambia growth seen, new mine tax regime remains

Zambia's economy grew by 6 pct in 2014 and real growth is expected to quicken to 7 percent between 2015 and 2017, the minister of finance said on Tuesday. Alexander Chikwanda said in a statement the government also intended to resolve the issue of VAT ref
Published 31 Dec, 2014 12:00am
German minimum wage rings in Happy New Year for millions

German minimum wage rings in Happy New Year for millions

As the New Year approaches, Berlin bakery worker Jessica Arendt is not just looking forward to the fireworks. In 2015, she says, "I'll be able to afford a few more things". A national minimum wage comes into effect in Germany on January 1, and that means
Published 31 Dec, 2014 12:00am
Kenya's economic growth slows

Kenya's economic growth slows

Kenya's economic growth slowed to 5.5 percent in the third quarter due to a sharp drop in tourism following attacks in the country, but benefited from robust construction and agriculture sectors, data showed on Tuesday. The economy remains on course to gr
Published 31 Dec, 2014 12:00am
India finance minister denies pressuring central bank to cut rates

India finance minister denies pressuring central bank to cut rates

India's finance minister denied on Tuesday that he was pressuring the central bank into cutting interest rates, after his comment that the high cost of capital was stifling investment sent markets into a tizzy. Arun Jaitley, in a speech in Delhi on Monday
Published 31 Dec, 2014 12:00am
China blocks access to Google e-mail service

China blocks access to Google e-mail service

China has blocked the last remaining way to access Google's popular e-mail service, experts said Monday, as authorities work to establish "Internet sovereignty" by controlling what enters the country via the web. Gmail, the world's biggest e-mail service,
Published 31 Dec, 2014 12:00am
Mexico annual inflation ticks higher

Mexico annual inflation ticks higher

Mexican annual inflation unexpectedly ticked higher in the first half of December as a weaker peso threatens to push up consumer prices in Latin America's second biggest economy. Inflation in the 12 months through December 15 accelerated to 4.19 percent f
Published 31 Dec, 2014 12:00am
Thai data shows recovery still elusive, junta faces tough task ahead

Thai data shows recovery still elusive, junta faces tough task ahead

Private consumption in Thailand stalled in November, the latest sign that the economy is still sputtering and putting more pressure on the military government to ramp up infrastructure spending to spur growth. The army seized power in May to end months of
Published 31 Dec, 2014 12:00am
Bad ideas catching up with Latin America in 2015

Bad ideas catching up with Latin America in 2015

Bad economic ideas will start to catch up with Latin America in 2015. For four years, the region has seen growth rates below the world average. The IMF predicts that won't change any time soon. Yet while most Pacific-facing countries will shine, Brazil, A
Published 31 Dec, 2014 12:00am
South Korea posts record current account surplus

South Korea posts record current account surplus

South Korea's current account surplus rose to a monthly record in November as slumping oil prices slashed the value of imports, state data showed Tuesday. The preliminary figure of $11.4 billion shattered the previous monthly record of $11.1 billion set i
Published 31 Dec, 2014 12:00am
Airbus, AgustaWestland, Sikorsky vie for Polish chopper deal

Airbus, AgustaWestland, Sikorsky vie for Polish chopper deal

Helicopter makers AgustaWestland, Airbus Helicopters and Sikorsky Aircraft have submitted bids on a big-ticket Polish chopper deal to replace Soviet-era military equipment, Poland's defence ministry said Tuesday. The firms are vying for a contract worth a
Published 31 Dec, 2014 12:00am
BP starts production at North Sea Kinnoull field

BP starts production at North Sea Kinnoull field

BP has started producing oil from its Kinnoull field in the central North Sea, the oil major said on Tuesday, bringing on stream a new field that feeds into BP's existing Andrew platform off the coast of Scotland. Oil and gas produced at Andrew and Kinnou
Published 31 Dec, 2014 12:00am
Japan's ruling parties agree to cut corporate taxes

Japan's ruling parties agree to cut corporate taxes

Japan's ruling coalition agreed on Tuesday to cut the corporate tax rate, one of the world's highest, as a key part of Prime Minister Shinzo Abe's bid to stoke growth. Abe's Liberal Democratic Party (LDP) and junior coalition partner Komeito adopted the n
Published 31 Dec, 2014 12:00am
China's top two train makers confirm merger

China's top two train makers confirm merger

China's top two bullet train makers will merge, state media said Tuesday, in a move that will create a multi-billion-dollar firm as the country seeks export markets for its high-speed railway technologies. The official Xinhua news agency confirmed the two
Published 31 Dec, 2014 12:00am
Goldman tops UK banker pay with $4.7 million awarded for 2013

Goldman tops UK banker pay with $4.7 million awarded for 2013

Goldman Sachs paid its top 121 London bankers about 3 million pounds ($4.7 million) on average last year, far exceeding payouts at other leading banks, data released on Tuesday showed. The US investment bank's data showed that it paid staff in senior or r
Published 31 Dec, 2014 12:00am
Goldman tops UK banker pay with $4.7 million awarded for 2013

Goldman tops UK banker pay with $4.7 million awarded for 2013

Goldman Sachs paid its top 121 London bankers about 3 million pounds ($4.7 million) on average last year, far exceeding payouts at other leading banks, data released on Tuesday showed. The US investment bank's data showed that it paid staff in senior or r
Published 31 Dec, 2014 12:00am
Sanction-hit Russian state bank receives $1.8 billion aid

Sanction-hit Russian state bank receives $1.8 billion aid

Russia's second largest bank VTB said Tuesday it has received 100 billion rubles ($1.8 billion) from the country's national welfare fund, part of a plan to recapitalise the banking system hit by the falling ruble and Western sanctions. "VTB confirms that
Published 31 Dec, 2014 12:00am
US consumer confidence rises in December

US consumer confidence rises in December

US consumer confidence increased in December, bolstered by a brightening jobs situation that left perceptions about economic conditions at a high last seen in February 2008, according to a private sector report released on Tuesday. The Conference Board, a
Published 31 Dec, 2014 12:00am
Ukraine's economy shrinks 7.5 percent in 'worst year since WWII'

Ukraine's economy shrinks 7.5 percent in 'worst year since WWII'

Ukraine's central bank chief on Tuesday said the strife-torn country's economy contracted by 7.5 percent and inflation soared in a year more painful than any since World War II. Valeria Gontareva added however that the pro-Western leaders who rose to powe
Published 31 Dec, 2014 12:00am
US agency gives quiet nod to light oil exports

US agency gives quiet nod to light oil exports

The main US export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions. In conversations that may
Published 31 Dec, 2014 12:00am
Gulf markets tumble again as oil hits fresh low

Gulf markets tumble again as oil hits fresh low

Gulf stock markets suffered broad sell-offs on Tuesday as Brent crude oil slumped to a fresh 5-1/2-year low and political uncertainty in Greece pressured global equities. Brent fell as low as $56.74 per barrel, its lowest since May 2009, as persistent wor
Published 31 Dec, 2014 12:00am
Tuesday's midday trade: stocks recede from record levels

Tuesday's midday trade: stocks recede from record levels

US stocks edged lower on Tuesday, with major indexes pulling back from record levels as the recent trend of modest moves and low volume continued in the next-to-last trading day of the year. The day's losses were broad if not especially deep. All ten prim
Published 31 Dec, 2014 12:00am
Wall Street little changed but S&P hits record

Wall Street little changed but S&P hits record

US stocks were little changed in thin trading on Monday as the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum. Equities have trended to the upside of late, buoyed by data showing an improvi
Published 31 Dec, 2014 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks edged higher on Tuesday as falling oil prices spurred buying in transportation shares, with the main index on track for a 2014 gain of around 8 percent. As of 0135 GMT, the main TAIEX index rose 17.90 points to 9304.18, after closing up 0.7
Published 31 Dec, 2014 12:00am
Bond prices rise

Bond prices rise

US Treasuries prices rose on Monday on safety buying after the Greek parliament rejected the prime minister's presidential candidate, setting the stage for an election that the left-wing Syriza party, which opposes the EU/IMF bailout, could win. Trading v
Published 31 Dec, 2014 12:00am
Bond prices rise

Bond prices rise

US Treasuries prices rose on Monday on safety buying after the Greek parliament rejected the prime minister's presidential candidate, setting the stage for an election that the left-wing Syriza party, which opposes the EU/IMF bailout, could win. Trading v
Published 31 Dec, 2014 12:00am
South African stocks end lower

South African stocks end lower

South African stocks fell on Tuesday, as bluechip heavyweight such as Sasol took a knock from falling global oil prices which tumbled to fresh multi-year lows. Sasol, which sells oil and synthetic fuel, fell 2.7 percent to 436 rand. Around 40 percent of i
Published 31 Dec, 2014 12:00am
China's main share index tick lower

China's main share index tick lower

China's main share index ended slightly lower on Tuesday with most investors reluctant to stake out fresh positions ahead of the year-end holidays, but mainland stocks looked set to end 2014 with world-beating gains of nearly 50 percent. Traders said inve
Published 31 Dec, 2014 12:00am
Indian shares flat

Indian shares flat

Indian shares ended flat on Tuesday as weaker regional shares offset optimism over additional reforms a day after the government passed an executive order to ease land-acquisition rules. Monday's announcement could kick-start hundreds of billions of dolla
Published 31 Dec, 2014 12:00am
Nikkei slips on final 2014 day; ends the year up 7.1 percent

Nikkei slips on final 2014 day; ends the year up 7.1 percent

Japanese stocks ended 2014 on a down note on Tuesday, as investors closed positions before extended new year holidays and worries about Greek politics sapped risk appetites. "There was selling today as investors thought the Nikkei's a little too high at t
Published 31 Dec, 2014 12:00am
Hong Kong shares post biggest drop in two weeks

Hong Kong shares post biggest drop in two weeks

Hong Kong shares finished lower on Tuesday as growing uncertainties at home and abroad dampened investor sentiment. Investors are worried about fallout from months of pro-democracy protests on the local economy while political uncertainties in Greece sapp
Published 31 Dec, 2014 12:00am
Energy woes, year-end caution hit European shares

Energy woes, year-end caution hit European shares

European shares fell on Tuesday, the last full trading day of the year, with energy companies hit as Brent oil touched a 5-1/2-year low on persistent concerns about a global supply glut. The STOXX Europe 600 oil & gas index dropped 1.8 percent, taking its
Published 31 Dec, 2014 12:00am
Indian rupee snaps four-day fall

Indian rupee snaps four-day fall

The Indian rupee rebounded sharply on Tuesday after four consecutive sessions of losses as a weakening dollar prompted exporters to sell the US currency, while a spurt in buying of domestic debt by foreign investors also helped. The yen gained sharply aga
Published 31 Dec, 2014 12:00am
Euro dips to 29-month low in Asia

Euro dips to 29-month low in Asia

The euro dipped to a 29-month low against the dollar on Tuesday as the announcement of a snap election in Greece threw the country into a fresh round of political turmoil. The austerity-minded leading coalition in Greece failed on Monday to secure enough
Published 31 Dec, 2014 12:00am
Safe-haven yen surges in London

Safe-haven yen surges in London

The yen gained sharply against the dollar and euro on Tuesday as investors sought the traditional safety of the Japanese currency amid end-of-year nerves over looming economic risks. The risk of Greece dropping out of the euro zone returned to haunt the s
Published 31 Dec, 2014 12:00am
Early trade in New York: Dollar slips versus majors

Early trade in New York: Dollar slips versus majors

The US dollar dipped against major currencies on Tuesday after traders booked profits from recent multi-year highs in the greenback, while the safe-haven yen benefited from the move. The dollar, which hit fresh nearly nine-year highs against a basket of m
Published 31 Dec, 2014 12:00am
Dollar hits fresh highs in New York

Dollar hits fresh highs in New York

The US dollar hit fresh highs against the euro not touched in nearly 29 months on Monday as traders expecting tighter monetary policy in the United States compared to other economies saw little reason to halt this year's rally in the greenback. The euro f
Published 31 Dec, 2014 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.95-77.95 (previous 77.9450-77.9500). Call Money Rates: 07.00-09.90 percent (* Previous 07.00-09.75 percent). (* revised).
Published 31 Dec, 2014 12:00am
Norway to sell NOK 500 million per day

Norway to sell NOK 500 million per day

Norway's central bank will sell foreign exchange equivalent of 500 million crowns ($67.3 million) per day from in January after selling 250 million crowns per day December 1-12, it said in a statement on Wednesday. The bank is selling the currency because
Published 31 Dec, 2014 12:00am
Norway to sell NOK 500 million per day

Norway to sell NOK 500 million per day

Norway's central bank will sell foreign exchange equivalent of 500 million crowns ($67.3 million) per day from in January after selling 250 million crowns per day December 1-12, it said in a statement on Wednesday. The bank is selling the currency because
Published 31 Dec, 2014 12:00am
Sri Lankan rupee forwards gain

Sri Lankan rupee forwards gain

Sri Lankan rupee forwards ended slightly firmer on Tuesday as inflows into some banks offset importer dollar demand, though dealers said unusual year-end demand for the greenback from importers still weighed on the currency. Four-day forwards, which were
Published 31 Dec, 2014 12:00am
Most emerging Asian currencies ease

Most emerging Asian currencies ease

Most emerging Asian currencies eased on Tuesday in the face of broad US dollar strength, with China's yuan hitting its weakest in more than six months. The yuan fell as much as 0.2 percent to 6.2362 per dollar, its weakest since June, and almost touched i
Published 31 Dec, 2014 12:00am
Yuan posts strongest one-day gain since March

Yuan posts strongest one-day gain since March

China's yuan closed up 0.3 percent against the dollar on Tuesday, its strongest one-day gain since March, after the country's foreign exchange regulator published new rules further liberalising the currency market. The yuan closed at 6.2020 per dollar, af
Published 31 Dec, 2014 12:00am
Canadian dollar little changed

Canadian dollar little changed

The Canadian dollar was little changed against the greenback on Monday and was expected to trade in a tight range this week, with the currency on track to close out its worst year since 2008. Investors were keeping an eye on developments in Greece as it h
Published 31 Dec, 2014 12:00am
Aussie, New Zealand dollar pinned down

Aussie, New Zealand dollar pinned down

The Australian dollar languished near 4-1/2-year lows on Tuesday, while the New Zealand dollar held steady in a market lacking conviction with many investors having closed their books for the year. The Australian dollar was steady at $0.8127, having drift
Published 31 Dec, 2014 12:00am
West Brom pour scorn on Berahino rumours

West Brom pour scorn on Berahino rumours

British press reports linking West Bromwich Albion's out-of-favour striker Saido Berahino with a move to Liverpool are "entire fabrication", his club declared via Twitter on Tuesday. Burundi-born Berahino, 21, made a stunning start to the season, scoring
Published 31 Dec, 2014 12:00am
Zimbabwe names Australia's Whatmore as coach

Zimbabwe names Australia's Whatmore as coach

Zimbabwe Cricket has appointed Australia's former international Dav Whatmore as national coach ahead of the 2015 World Cup, a top union official announced Tuesday. Whatmore replaces Stephen Mangongo who was fired less than two weeks ago over the national
Published 31 Dec, 2014 12:00am
Dhoni retires from Tests

Dhoni retires from Tests

India's World Cup-winning captain Mahendra Singh Dhoni retired Tuesday from Test cricket shortly after his team lost yet another overseas series, this time against Australia. Dhoni, who is one of the world's highest-earning sportsman, has chosen "to retir
Published 31 Dec, 2014 12:00am
Court deals transfer ban blow to Barcelona

Court deals transfer ban blow to Barcelona

The main international sport appeal court on Tuesday backed a one year transfer ban against Barcelona in a major blow to the Spanish football giants. The Court of Arbitration for Sport (CAS) "dismissed" a Barcelona appeal against the FIFA ban imposed in A
Published 31 Dec, 2014 12:00am
Australia win India series after third Test draw

Australia win India series after third Test draw

Australia regained the Border-Gavaskar Trophy after India hung on for a tense draw in the third Test in Melbourne on Tuesday. India were never in the hunt on the final day after Australia took till lunch to declare at 318 for nine, leaving them to chase 3
Published 31 Dec, 2014 12:00am
Japan's Inoue grabs WBO junior bantamweight belt

Japan's Inoue grabs WBO junior bantamweight belt

Japanese boxing wonderboy Naoya Inoue dethroned Omar Narvaez of Argentina with a second-round knockout and grabbed the World Boxing Organisation junior bantamweight title. The unbeaten 21-year-old previously captured the World Boxing Council light flyweig
Published 31 Dec, 2014 12:00am
Amla, Ramdin happy after draw

Amla, Ramdin happy after draw

South Africa and the West Indies will travel to Cape Town for the third and final Test after rain and a wet outfield cut more than half the playing time from the second Test at St George's Park on Tuesday. No play was possible on the final day and the mat
Published 31 Dec, 2014 12:00am
Lallana double helps Liverpool rout Swansea

Lallana double helps Liverpool rout Swansea

Adam Lallana fired Liverpool to their biggest home win of the season as the England midfielder's brace inspired a 4-1 rout of Swansea on Monday. Brendan Rodgers' side scored four for the first time since March thanks to Lallana's second half double after
Published 31 Dec, 2014 12:00am
Polls to 'determine whether Greece stays in Europe': Prime Minister

Polls to 'determine whether Greece stays in Europe': Prime Minister

Greece started counting down Tuesday to a snap election next month as the prime minister warned that the ballot will determine whether the crisis-hit country remains part of the eurozone. "This struggle will determine whether Greece stays in Europe," Anto
Published 31 Dec, 2014 12:00am
Gambia foils coup bid, attackers killed

Gambia foils coup bid, attackers killed

A group of disaffected soldiers launched a foiled coup bid in The Gambia on Tuesday while the president was abroad, military and diplomatic sources said. Forces loyal to President Yahha Jammeh, who has ruled the small west African nation for 20 years, kil
Published 31 Dec, 2014 12:00am
Iraqi forces clear Dhuluiyah of IS jihadists

Iraqi forces clear Dhuluiyah of IS jihadists

Iraqi forces on Tuesday completed the recapture of the town of Dhuluiyah, parts of which had been held by the Islamic State jihadist group for months, commanders said. Pro-government forces had pushed into the town, located 90 kilometres (55 miles) outsid
Published 31 Dec, 2014 12:00am
Bodies, debris from missing AirAsia plane pulled from sea off Indonesia

Bodies, debris from missing AirAsia plane pulled from sea off Indonesia

Indonesian rescuers searching for an AirAsia plane carrying 162 people pulled bodies and wreckage from the sea off the coast of Borneo on Tuesday, prompting relatives of those on board watching TV footage to break down in tears. Indonesia AirAsia's Flight
Published 31 Dec, 2014 12:00am
Korean Air heiress arrested for 'nut rage'

Korean Air heiress arrested for 'nut rage'

Korean Air heiress Cho Hyun-Ah was arrested Tuesday for delaying a flight with a tantrum over snacks in a "nut rage" incident that caused a national uproar, according to a media report. Cho has been accused of forcing the chief purser off a December 5 New
Published 31 Dec, 2014 12:00am
US congressman resigns after tax scandal

US congressman resigns after tax scandal

A newly re-elected US congressman said Tuesday he would step down, one week after he pleaded guilty to felony tax evasion in New York. Republican Michael Grimm, a former FBI agent who represents parts of New York's Staten Island and Brooklyn, was re-elect
Published 31 Dec, 2014 12:00am
Ukraine signs Westinghouse nuclear fuel deal

Ukraine signs Westinghouse nuclear fuel deal

Ukraine on Tuesday sealed an additional nuclear fuel supply deal with US giant Westinghouse in order to ease its energy dependence on Russia. Westinghouse Electric Company said it signed a deal in Brussels with Ukraine's Energoatom state nuclear power pro
Published 31 Dec, 2014 12:00am
Back-to-back Oscar winner Luise Rainer dies

Back-to-back Oscar winner Luise Rainer dies

Luise Rainer, the 1930s film star who won two Oscars in a row before turning her back on Hollywood, died Tuesday, her daughter said. At 104, she was the oldest surviving Academy Award winner. She passed away before dawn at her home in London, Francesca Kn
Published 31 Dec, 2014 12:00am
Kremlin critic Navalny given suspended sentence, brother jailed

Kremlin critic Navalny given suspended sentence, brother jailed

A Russian court gave Kremlin critic Alexei Navalny a suspended sentence on Tuesday for embezzling money but jailed his brother for three and a half years in a case seen as part of a campaign to stifle dissent. As hundreds of his supporters gathered in fro
Published 31 Dec, 2014 12:00am
Tunnel blast kills seven troops in Syria's Aleppo

Tunnel blast kills seven troops in Syria's Aleppo

A powerful blast from explosives planted in a tunnel under the Old City of Aleppo, in northern Syria, killed seven government troops Tuesday, a monitor said in a new toll. Jabha Shamiyeh, a new rebel coalition in Aleppo, was behind the blast, said the Syr
Published 31 Dec, 2014 12:00am
US adds nine to Iran sanctions blacklist

US adds nine to Iran sanctions blacklist

The United States named nine individuals and entities to its Iran sanctions blacklist Tuesday, most of them for helping Tehran obtain US banknotes worth hundreds of millions of dollars. The US Treasury named five men from Iran and other countries, and Dub
Published 31 Dec, 2014 12:00am
Cotton futures advance on strong weekly USDA export data

Cotton futures advance on strong weekly USDA export data

Cotton futures rose the most in a week on Monday after a US government report showed that export sales hit a marketing-year high in the latest week, with buyers in top consumer China leading the buying spree. The most-active March cotton contract on ICE F
Published 31 Dec, 2014 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded copper contract on the Shanghai Futures Exchange finished 0.2 percent higher at 45,290 yuan a tonne on Tuesday. "We think the price has a little bit more room to fall, I will not be surprised to see prices go down to $6,000 a tonne," said
Published 31 Dec, 2014 12:00am
Copper up after hitting 4-1/2-year low

Copper up after hitting 4-1/2-year low

Copper rose on Tuesday as year-end book squaring prompted investors to reverse positions after they had knocked the metal down to its lowest in 4-1/2 year on concerns about slowing growth in China and a looming surplus. A weaker dollar also helped copper
Published 31 Dec, 2014 12:00am
Oil continues decline on supply glut despite weaker dollar

Oil continues decline on supply glut despite weaker dollar

Brent crude fell on Tuesday despite support from a weakening US dollar as oversupply from major oil producers continued to push prices lower. Brent and US crude oil both hit 5-year lows yesterday before rebounding slightly. Richard Hastings of Global Hunt
Published 31 Dec, 2014 12:00am
Tokyo and Shanghai rubber up

Tokyo and Shanghai rubber up

Benchmark Tokyo rubber futures jumped to their highest in nearly six months on Tuesday, supported by sharp gains in Shanghai on bets that easier credit in top consumer China could stoke demand. The Tokyo Commodity Exchange rubber contract for June deliver
Published 31 Dec, 2014 12:00am