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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-01-21
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 21 Jan, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 21 Jan, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 21 Jan, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.061 billion and the number of lots traded was 6,783. PMEX Commodity Index closed at 2,616. Major business was contributed by crude oil amounting to PKR 768 million followed by gold (P
Published 21 Jan, 2015 12:00am
Thailand offers 1 million tonnes of rice from huge stockpile

Thailand offers 1 million tonnes of rice from huge stockpile

Thailand's government will open a tender to sell about 1 million tonnes of rice on January 29, the country's commerce ministry said on Tuesday, as it pushes to sell off huge stockpiles. Thailand has some 17 million tonnes of rice in stockpiles it built up
Published 21 Jan, 2015 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot cash basis bids for hard red winter wheat were unchanged in the southern US Plains on Tuesday in a quiet market, merchants said. Warmer temperatures in the Plains the last few days has melted snow cover, which could leave new wheat plants vulnerable
Published 21 Jan, 2015 12:00am
Vietnam coffee: some domestic sales as growers to cover expenses

Vietnam coffee: some domestic sales as growers to cover expenses

There have been some sales in Vietnam's domestic coffee markets this week as growers unload stocks to cover expenses, although exports have not picked up strongly, traders said on Tuesday. The 2014/2015 harvest in Vietnam, the world's largest producer of
Published 21 Jan, 2015 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures eased on Monday, extending a three-day pullback from a six-month high last week. Trading volumes were thin with US markets closed. Canola may have also felt pressure from commercial hedges, a trader said. Most-active March cano
Published 21 Jan, 2015 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 112,598 tonnes of cargo comprising 87,185 tonnes of import cargo and 25,413 tonnes of export cargo including 1,925 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 87,
Published 21 Jan, 2015 12:00am
Oil cake market rates

Oil cake market rates

Futures were down on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The January contract closed at Rs 1567.50 on Monday and it opened with 20 paisa loss at Rs 1567.30 in the morning session, they said. The March
Published 21 Jan, 2015 12:00am
Cotton market: trading activity slackens amid falling demand

Cotton market: trading activity slackens amid falling demand

As a result of lack of buying interest among mills, trading activity came down on the cotton market on Tuesday, dealers said. The official spot rate was unchanged at Rs 4,850, dealers said. In the ready session, around 5,000 bales of cotton changed hands
Published 21 Jan, 2015 12:00am
Grams prices fall on grain market

Grams prices fall on grain market

Grams prices drifted lower on the wholesale grain market on Tuesday in the process of modest trading, they said. On the grams sector, grams Australia No 1 lost Rs 100 to Rs 5450, grams Dall Australia No 2 followed same pattern, losing same amount to Rs 60
Published 21 Jan, 2015 12:00am
Czech Unipetrol likely to post fourth quarter profit

Czech Unipetrol likely to post fourth quarter profit

Czech downstream oil group Unipetrol likely posted quarterly net profit in the fourth quarter of 2014, sustaining a recovery despite an expected hit from falling oil prices, a Reuters poll showed on Tuesday. The company, 63 percent owned by Poland's PKN O
Published 21 Jan, 2015 12:00am
Czech Unipetrol likely to post fourth quarter profit

Czech Unipetrol likely to post fourth quarter profit

Czech downstream oil group Unipetrol likely posted quarterly net profit in the fourth quarter of 2014, sustaining a recovery despite an expected hit from falling oil prices, a Reuters poll showed on Tuesday. The company, 63 percent owned by Poland's PKN O
Published 21 Jan, 2015 12:00am
US Supreme Court declines challenge to debit card rules

US Supreme Court declines challenge to debit card rules

The US Supreme Court on Tuesday declined to take up a challenge by retailers to the Federal Reserve's controversial rules for debit card "swipe fees." The high court's rejection of the appeal means a March 2014 ruling by the US Court of Appeals for the Di
Published 21 Jan, 2015 12:00am
Oil pipeline through Myanmar to China expected to open in January

Oil pipeline through Myanmar to China expected to open in January

A crude oil pipeline and a deep sea port meant to secure an alternative route for Chinese imports overland through Myanmar are set to open at the end of January, but an affiliated refinery in China is months away from completion, sources said. The finishe
Published 21 Jan, 2015 12:00am
Brazil fuel tax resumption positive for cane industry: Unica

Brazil fuel tax resumption positive for cane industry: Unica

The Brazilian government's restoration a fuel tax on gasoline and diesel will make the struggling ethanol industry more competitive and encourage the world's top sugar exporter to produce more ethanol rather than sweetener, industry group Unica said on Tu
Published 21 Jan, 2015 12:00am
Bitcoin payment processor Coinbase says raises $75 million

Bitcoin payment processor Coinbase says raises $75 million

Bitcoin payment processor Coinbase said on Tuesday it has raised $75 million from several major financial institutions, including the New York Stock Exchange, USAA Bank, and Spanish banking group BBVA. In a statement, Coinbase said funding for this round
Published 21 Jan, 2015 12:00am
Croatia targets lower budget gap in 2015

Croatia targets lower budget gap in 2015

Croatia expects this year's budget gap to be 3.5-3.6 percent of gross domestic product, slightly below the original target, Deputy Prime Minister Branko Grcic said on Tuesday. He said Croatia would go on a European road-show next month seeking potential b
Published 21 Jan, 2015 12:00am
Nigeria central bank holds interest rates

Nigeria central bank holds interest rates

Nigeria's central bank kept its policy rate at 13 percent on Tuesday, offering no new measures to deal with a record low currency and inflationary risks linked to a collapse in world oil prices. Governor Godwin Emefiele noted that inflation remained withi
Published 21 Jan, 2015 12:00am
Itochu, CP to jointly invest $10 billion in Citic Group

Itochu, CP to jointly invest $10 billion in Citic Group

Japanese trading house Itochu Corp and Thailand's Charoen Pokphand Group (CP) said on Tuesday that they plan to jointly invest $10 billion in Citic Group, China's oldest and biggest conglomerate. Itochu and CP Group plan to contribute evenly to the invest
Published 21 Jan, 2015 12:00am
Saudi's Tasnee fourth quarter net profit drops

Saudi's Tasnee fourth quarter net profit drops

Saudi Arabia's National Industrialisation Co (Tasnee) said on Tuesday its fourth-quarter net profit dropped 46.5 percent on lower petrochemicals prices. It also attributed the drop to lower prices of titanium dioxide and lower sales and prices of acrylic
Published 21 Jan, 2015 12:00am
Saudi's Tasnee fourth quarter net profit drops

Saudi's Tasnee fourth quarter net profit drops

Saudi Arabia's National Industrialisation Co (Tasnee) said on Tuesday its fourth-quarter net profit dropped 46.5 percent on lower petrochemicals prices. It also attributed the drop to lower prices of titanium dioxide and lower sales and prices of acrylic
Published 21 Jan, 2015 12:00am
Dubai's TECOM Investments signs for loan facility

Dubai's TECOM Investments signs for loan facility

TECOM Investments, a business park operator with a major role in developing Dubai's economy, said on Tuesday that it had signed for a syndicated loan facility of up to 4 billion dirhams ($1.1 billion) to fund its growth. The combined conventional and Isla
Published 21 Jan, 2015 12:00am
Europe on brink of deflating, needs stimulus: Larry Summers

Europe on brink of deflating, needs stimulus: Larry Summers

The European economy is "on the brink of deflating" and urgently needs more stimulus, particularly from the continent's largest economy Germany, former US Treasury secretary Larry Summers said on Tuesday. Summers also said central bank bond buying, known
Published 21 Jan, 2015 12:00am
Halliburton, Baker Hughes to lay off thousands as oil slumps

Halliburton, Baker Hughes to lay off thousands as oil slumps

Oilfield service providers Baker Hughes Inc and Halliburton Co plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices. Global oil prices have tumbled almost 60 percent since June, hitting five-year lows as
Published 21 Jan, 2015 12:00am
Hedge funds record highest inflows in seven years in 2014

Hedge funds record highest inflows in seven years in 2014

Hedge funds attracted their highest global net inflows in seven years in 2014, and the total size of the industry has risen to nearly $3 trillion, hedge fund tracker HFR said on Tuesday. Net inflows were $76.4 billion in 2014, the highest since 2007, the
Published 21 Jan, 2015 12:00am
Hedge funds record highest inflows in seven years in 2014

Hedge funds record highest inflows in seven years in 2014

Hedge funds attracted their highest global net inflows in seven years in 2014, and the total size of the industry has risen to nearly $3 trillion, hedge fund tracker HFR said on Tuesday. Net inflows were $76.4 billion in 2014, the highest since 2007, the
Published 21 Jan, 2015 12:00am
Turkish central bank cuts rate after Erdogan pressure

Turkish central bank cuts rate after Erdogan pressure

Turkey's central bank on Tuesday pruned its main interest rate for the first time in six months, after President Recep Tayyip Erdogan vowed to pressure the bank into relaxing monetary policy to boost growth. The bank said in a statement after its latest m
Published 21 Jan, 2015 12:00am
German investor confidence up on 'QE effect'

German investor confidence up on 'QE effect'

Investment sentiment in Germany hit an 11-month high this month on hopes the European Central Bank is about to roll out its heavy anti-deflation artillery, analysts said on Tuesday. The widely watched investor confidence index calculated by the ZEW econom
Published 21 Jan, 2015 12:00am
Global banking activity up in third quarter: BIS

Global banking activity up in third quarter: BIS

International banking activity grew in the third quarter of last year, the Bank for International Settlements (BIS) said Tuesday, despite a slowdown in lending to emerging markets. The Basel-based body, considered the central bank of central banks, said c
Published 21 Jan, 2015 12:00am
Russian central banker sees no need for capital controls

Russian central banker sees no need for capital controls

Russia is not experiencing the same pace of capital outflows as it did at the end of 2008 and sees no need to introduce capital controls, central bank first deputy governor Ksenia Yudayeva told Reuters on Tuesday. "We do not see the objective need of capi
Published 21 Jan, 2015 12:00am
Swiss shoppers bombarded by discount offers after currency shock

Swiss shoppers bombarded by discount offers after currency shock

Retailers are rushing to offer bargains to Swiss shoppers after a shock surge in the franc, taking advantage of lower import costs but also fearful of losing custom to cheaper rivals over the border in France and Germany. Until last Thursday, the Swiss Na
Published 21 Jan, 2015 12:00am
Morgan Stanley to pay smaller proportion of revenue in bonuses

Morgan Stanley to pay smaller proportion of revenue in bonuses

Wall Street powerhouse Morgan Stanley said it would pay a smaller portion of revenue in bonuses to investment bankers and traders this year even in a better revenue environment. The bank reported a drop in fourth-quarter adjusted earnings on Tuesday as it
Published 21 Jan, 2015 12:00am
Sweden cuts growth forecast as economy slows

Sweden cuts growth forecast as economy slows

Sweden cut its growth outlook Tuesday as the Nordic country, one of Europe's strongest economies, shows further signs of slowing. "The slow recovery around the world is holding back the growth of the Swedish economy," Finance Minister Magdalena Andersson
Published 21 Jan, 2015 12:00am
Malaysia trims economic sails in wake of oil price rout

Malaysia trims economic sails in wake of oil price rout

Malaysia on Tuesday trimmed its 2015 growth forecast and said its fiscal deficit would be wider than expected after the sharp fall in global oil prices threw a wrench in the petroleum-exporting nation's economic plans. Prime Minister Najib Razak called th
Published 21 Jan, 2015 12:00am
Xi gets 62 percent pay rise: report

Xi gets 62 percent pay rise: report

Chinese President Xi Jinping and the other six members of the Communist Party's elite Politburo Standing Committee have been given 62 percent pay rises, state-run media said Tuesday, as civil servants get their first increases since 2006. Xi's basic month
Published 21 Jan, 2015 12:00am
China posts slowest growth in 24 years

China posts slowest growth in 24 years

China's economy grew at its slowest pace in 24 years in 2014 as a cooling property market weighed on demand and is expected to lose more momentum this year, keeping pressure on policymakers to head off a sharper downturn. But analysts said a slightly bett
Published 21 Jan, 2015 12:00am
Gulf markets slip again but property buoys Egypt as pound weakens

Gulf markets slip again but property buoys Egypt as pound weakens

Most Gulf stock markets closed either flat or lower on Tuesday as oil prices remained volatile and local companies delivered no positive fourth-quarter earnings surprises. Brent crude oil fell in early trade on Tuesday after the International Monetary Fun
Published 21 Jan, 2015 12:00am
Australian shares end flat

Australian shares end flat

Australia's share market ended flat on Tuesday with gains in the big four banks offset by losses in energy stocks as weak oil prices kept the sector under pressure. The S&P/ASX 200 index closed down 0.03 percent, or 1.44 points, at 5,307.70. Earlier in th
Published 21 Jan, 2015 12:00am
Tokyo stocks close up 2.07 percent

Tokyo stocks close up 2.07 percent

Tokyo stocks closed up 2.07 percent on Tuesday as a weakening yen lifted exporters, and after European markets rose on growing expectations that the European Central Bank will launch fresh stimulus. The Nikkei 225 index at the Tokyo Stock Exchange soared
Published 21 Jan, 2015 12:00am
Gold producers lead South Africa stocks higher

Gold producers lead South Africa stocks higher

South African gold producers maintained their 2015 bull run on Tuesday, pulling the wider share market up as the gold price hit a 4-1/2 month high. AngloGold Ashanti, Africa's top bullion producer, leapt 4 percent to 134.40 rand, bringing its gains since
Published 21 Jan, 2015 12:00am
TSX steady as energy shares drop

TSX steady as energy shares drop

Canada's main stock index was little changed on Monday as a decline in oil and gas stocks, fuelled by lower crude prices, offset gains in other sectors. The plunge in oil prices over the past six months, triggered by worries about excess supply, has been
Published 21 Jan, 2015 12:00am
Sri Lankan shares steady near two-week low

Sri Lankan shares steady near two-week low

Sri Lankan shares ended steady on Tuesday, near a more than two-week low hit in the previous session, but trading volume slumped to a three-week low as investors awaited the new government's interim budget scheduled for next week. Investors are also waiti
Published 21 Jan, 2015 12:00am
India's NSE index hits record high

India's NSE index hits record high

India's NSE index rose over 1 percent to a record high on Tuesday as metals stocks advanced after China's economic growth data came in slightly better than expected, while bluechips were underpinned by widespread confidence about the domestic economy. The
Published 21 Jan, 2015 12:00am
China stocks rebound; soothed by regulator remarks and GDP

China stocks rebound; soothed by regulator remarks and GDP

China stocks rebounded on Tuesday in a day of volatile trading after the Chinese regulator denied it had intentionally sought to suppress the market's rally. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.2 percent, to 3,
Published 21 Jan, 2015 12:00am
UK stocks gain on China's growth

UK stocks gain on China's growth

Britain's top share index rose for a fourth straight session on Tuesday, buoyed by mining stocks, after Chinese data beat expectations, although a tepid outlook from Unilever kept confidence in check. The FTSE 100 index closed 0.5 percent higher at 6,620.
Published 21 Jan, 2015 12:00am
Hong Kong shares gain on China's market rebound

Hong Kong shares gain on China's market rebound

Hong Kong shares rose on Tuesday after mainland indexes rebounded on comments by China's securities regulator that it was not trying to suppress that market's rally. Market talk that regulators took actions that led to Monday plunges on mainland markets "
Published 21 Jan, 2015 12:00am
FTSEurofirst 300 sets new seven-year high on China data

FTSEurofirst 300 sets new seven-year high on China data

European shares climbed to a new seven-year high on Tuesday after data showed China's economic growth had slowed less than feared and expectations grew that the European Central Bank would launch a quantitative easing programme later this week. At 1452 GM
Published 21 Jan, 2015 12:00am
Egypt's pound weakens for third straight day

Egypt's pound weakens for third straight day

Egypt's pound weakened to 7.29 per dollar at an unscheduled central bank auction on Tuesday from 7.24 a day earlier, the third depreciation this week in a process traders say aims to gradually stamp out a thriving black market. The central bank offered 40
Published 21 Jan, 2015 12:00am
Sri Lankan rupee forwards down

Sri Lankan rupee forwards down

Sri Lankan rupee forwards ended weaker for a third straight session on Tuesday on dollar demand from importers as lower interest rates and depreciation in some foreign currencies versus the rupee paved the way for more imports, dealers said. Exporters, ho
Published 21 Jan, 2015 12:00am
Sterling recovers poise ahead of wage data

Sterling recovers poise ahead of wage data

Sterling staged a solid recovery against the dollar and euro on Tuesday, with some players pointing to hopes for a brighter set of labour market data along with minutes from the Bank of England's latest meeting. Sterling has suffered as the markets push b
Published 21 Jan, 2015 12:00am
Canadian dollar firms as Bank of Canada in focus

Canadian dollar firms as Bank of Canada in focus

The Canadian dollar was stronger against the greenback on Monday in quiet holiday trading, as investors brushed off lower crude prices and cast their attention toward the Bank of Canada's quarterly Monetary Policy Report on Wednesday. Oil prices, which ha
Published 21 Jan, 2015 12:00am
Turkish lira weakens

Turkish lira weakens

The Turkish lira weakened to 2.35 against the dollar on Tuesday, its weakest in just over two weeks, after ministers said the central bank's 50 basis point cut in the one-week repo rate was insufficient. The central bank lowered the repo rate in response
Published 21 Jan, 2015 12:00am
Ringgit hits six-year low after Malaysia's new deficit target

Ringgit hits six-year low after Malaysia's new deficit target

Malaysia's ringgit hit a near six-year low on Tuesday after the government adjusted its economic targets to cope with sliding oil prices, while most emerging Asian currencies fell on the dollar's broad strength and a slowing global economy. The country in
Published 21 Jan, 2015 12:00am
No change to euro peg, can react to conditions: Danish central bank

No change to euro peg, can react to conditions: Danish central bank

There is no change planned to Denmark's fixed exchange rate policy and the central bank has the tools to react "at any given moment" to keep the crown currency stable against the euro, a central bank spokesman said on Tuesday. The comments came a day afte
Published 21 Jan, 2015 12:00am
Russian central banker sees no need for capital controls

Russian central banker sees no need for capital controls

Russia is not experiencing the same pace of capital outflows as it did at the end of 2008 and sees no need to introduce capital controls, central bank first deputy governor Ksenia Yudayeva told Reuters on Tuesday. "We do not see the objective need of capi
Published 21 Jan, 2015 12:00am
Euro pressured ahead of this week's ECB meeting

Euro pressured ahead of this week's ECB meeting

The euro faced pressure on Tuesday as investors positioned for possible easing steps by the European Central Bank as early as this week, while the dollar edged up on the yen after a US holiday. US markets were closed on Monday for the Martin Luther King h
Published 21 Jan, 2015 12:00am
Relief over China growth pushes dollar to one-week high

Relief over China growth pushes dollar to one-week high

The dollar hit a one-week high against the yen on Tuesday after Chinese growth data came in better than many had feared, curbing demand for the safe-haven Japanese currency. The greenback rose 1 percent to a one-week high of 118.775 . Forecasts from the I
Published 21 Jan, 2015 12:00am
Dollar rises versus yen on Chinese data, bet on BOJ

Dollar rises versus yen on Chinese data, bet on BOJ

The dollar climbed on Tuesday to a one-week high against the yen as data showed Chinese economic growth slowed less than many had feared and traders speculated whether the Bank of Japan could ease policy, curbing demand for the safe-haven Japanese currenc
Published 21 Jan, 2015 12:00am
Japan, Iraq storm into Asian Cup quarters

Japan, Iraq storm into Asian Cup quarters

Golden boys Keisuke Honda and Shinji Kagawa fired holders Japan into the Asian Cup quarter-finals on Tuesday as Iraq again owed a debt of gratitude to evergreen striker Younis Mahmoud. AC Milan's Honda ran riot in the 2-0 win over Jordan, scoring the open
Published 21 Jan, 2015 12:00am
Williamson ton sees New Zealand to 2-1 series lead

Williamson ton sees New Zealand to 2-1 series lead

Kane Williamson made a welcome return to the New Zealand side with an elegant century to set up a four-wicket victory over Sri Lanka in the fourth one-day international Tuesday. Backed by lusty hitting from Corey Anderson and Luke Ronchi, New Zealand over
Published 21 Jan, 2015 12:00am
ICC promise 'sledging' crackdown at World Cup

ICC promise 'sledging' crackdown at World Cup

International Cricket Council chief executive David Richardson said Tuesday the global governing body would come down hard on players who 'sledged' or verbally abused their opponents at the upcoming World Cup. During the course of an extensive interview o
Published 21 Jan, 2015 12:00am
Indian media slams 'motormouth' Warner

Indian media slams 'motormouth' Warner

India's media on Tuesday lashed out at David Warner over his repeated verbal clashes with Mahendra Singh Dhoni's touring team, demanding the aggressive Australian opener be reined in. "Brakes on motormouth Warner" and "Talkative Warner crosses the line" r
Published 21 Jan, 2015 12:00am
Smith to captain Australia in England ODI

Smith to captain Australia in England ODI

Steven Smith will captain Australia in Friday's one-day international against England, with opener David Warner and paceman Mitchell Johnson missing the game, Cricket Australia said Tuesday. Smith was called in to skipper the team after captain George Bai
Published 21 Jan, 2015 12:00am
Five-wicket Finn helps England thrash India

Five-wicket Finn helps England thrash India

Resurgent paceman Steven Finn produced a career-best performance in one-day internationals as England thrashed India in the triangular one-day series in Brisbane on Tuesday. India's decision to bat first backfired when they were dismissed for just 153 in
Published 21 Jan, 2015 12:00am
Serena cruises as Wozniacki-Azarenka face off

Serena cruises as Wozniacki-Azarenka face off

Australian Open top seed Serena Williams showed she was back to her Grand Slam best Tuesday, as former world number ones Caroline Wozniacki and Victoria Azarenka set up an enticing second-round clash. Eighteen-time Grand Slam champion Williams shook off h
Published 21 Jan, 2015 12:00am
Bilawal Bhatti replaces Junaid for series against Black Caps

Bilawal Bhatti replaces Junaid for series against Black Caps

On the recommendation of chief selector Moin Khan, Pakistan Cricket Board (PCB), Chairman Shaharyar M. Khan has approved replacing injured pacer Junaid Khan with all-rounder Bilawal Bhatti for the upcoming New Zealand tour. The inclusion of Bilawal Bhatti
Published 21 Jan, 2015 12:00am
Goals will come for Suarez, insists Barca boss

Goals will come for Suarez, insists Barca boss

Barcelona coach Luis Enrique has backed Luis Suarez to come good in front of goal despite the Uruguayan's paltry record of two league goals since becoming the most expensive signing in the club's history. Suarez has only made 15 appearances in all competi
Published 21 Jan, 2015 12:00am
Team-mates bid farwell to Belgium's Malanda

Team-mates bid farwell to Belgium's Malanda

Both the Belgium and VfL Wolfsburg squads gathered in Brussels on Tuesday to attend the funeral of Belgian Under-21 international Junior Malanda, who was killed in a car crash. Malanda died instantly when he was catapulted from the back seat of the car he
Published 21 Jan, 2015 12:00am
Pakistan cricket team embark on World Cup mission

Pakistan cricket team embark on World Cup mission

Pakistan cricket team left on a World Cup mission Tuesday with their first destination New Zealand where they play two one-day internationals before taking part in the mega event. Paceman Junaid Khan had to pull out hours before departure because of a leg
Published 21 Jan, 2015 12:00am
France arrests Chechens over new attack plot

France arrests Chechens over new attack plot

France arrested five Russians Tuesday accused of plotting a new attack as four men suspected of helping the gunmen behind the Paris shootings were brought before anti-terrorist judge. European nations, on high alert after the attacks that shook France to
Published 21 Jan, 2015 12:00am
Turkish Prime Minister calls for 'new beginning' with Armenians

Turkish Prime Minister calls for 'new beginning' with Armenians

Turkish Prime Minister Ahmet Davutoglu on Tuesday called for a "new beginning" in relations between Turkey and Armenians scarred by a bitter historical dispute over mass killings during World War I. "We call on all Armenians, and invite all those who beli
Published 21 Jan, 2015 12:00am
Sri Lanka's new premier promises Tamils more autonomy

Sri Lanka's new premier promises Tamils more autonomy

Sri Lanka's new government pledged Tuesday to devolve power to the country's Tamil minority, in a step towards national reconciliation six years after a controversial military offensive crushed a separatist rebellion. Prime Minister Ranil Wickremesinghe,
Published 21 Jan, 2015 12:00am
Kuwait shuts newspaper critical of government

Kuwait shuts newspaper critical of government

Kuwait has scrapped the commercial licence of leading newspaper Al-Watan, which has been highly critical of the government, citing its failure to comply with legally required financial terms. Al-Watan, owned by a member of the Al-Sabah ruling family, said
Published 21 Jan, 2015 12:00am
Bolstered by economy, Obama takes on hostile Congress

Bolstered by economy, Obama takes on hostile Congress

US President Barack Obama will on Tuesday demand a hostile Congress increase taxes on the rich, in a State of the Union address that sets the stage for coming election battles. Emboldened by faster economic growth, higher poll numbers and a string of poli
Published 21 Jan, 2015 12:00am
Muslim prisoner can grow his beard: US Supreme Court

Muslim prisoner can grow his beard: US Supreme Court

The US Supreme Court ruled unanimously Tuesday that an Arkansas prison cannot prevent a Muslim inmate from wearing a half-inch long beard, in keepinng with his religious beliefs. The case was brought by Gregory Holt, also known as Abdul Maalik Muhammad, w
Published 21 Jan, 2015 12:00am
Sisi defends Egypt police but acknowledges rights abuses

Sisi defends Egypt police but acknowledges rights abuses

President Abdel Fattah al-Sisi acknowledged Tuesday that police committed rights abuses after the overthrow of his Islamist predecessor, but said they were expected given the "exceptional" security threats faced by Egypt. A crackdown overseen by Sisi agai
Published 21 Jan, 2015 12:00am
India's president speaks out against partisan politics

India's president speaks out against partisan politics

India's president has rapped political parties for obstructing parliament after the government of Prime Minister Narendra Modi resorted to a flurry of executive decrees to push through economic reforms held up by the opposition. In a rare rebuke from coun
Published 21 Jan, 2015 12:00am
Libyan Opec representative missing in Tripoli

Libyan Opec representative missing in Tripoli

A Libyan senior oil official who represents his country in the Opec cartel is believed to have been abducted in the militia-held capital Tripoli, a company official said Tuesday. Samir Salim Kamal, an engineer with the National Oil Company who is also Lib
Published 21 Jan, 2015 12:00am
'Russian forces' attack Ukraine troops in separatist east

'Russian forces' attack Ukraine troops in separatist east

Ukraine on Tuesday accused Russian forces of attacking its soldiers after crossing over into the ex-Soviet state's war-wrecked separatist east in violation of a September truce deal. The charges - met with initial silence by Moscow - should add further te
Published 21 Jan, 2015 12:00am
Fresh rains to rout dry spell over Brazil coffee belt

Fresh rains to rout dry spell over Brazil coffee belt

Forecasters are calling for much-needed rains that are due to reach Brazil's south-eastern coffee and sugar cane belts by Thursday, ending a three-week dry spell that has supported futures markets in recent weeks. May coffee futures slipped 3 percent on T
Published 21 Jan, 2015 12:00am
Copper, base metals climb as China growth data brings relief

Copper, base metals climb as China growth data brings relief

Copper and other base metals rose on Tuesday after China reported that its economy had not slowed as much as many had feared and metals investors began to reassess whether the steep losses over the past year are justified. China reported growth of 7.3 per
Published 21 Jan, 2015 12:00am
Oil falls again as IMF cuts forecast; Iran hints at $25 oil

Oil falls again as IMF cuts forecast; Iran hints at $25 oil

Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted prices could drop to $25 a barrel without supportive Opec action. Genscape, an analytics
Published 21 Jan, 2015 12:00am
Tokyo rubber ends up 0.6 percent on weak yen

Tokyo rubber ends up 0.6 percent on weak yen

Benchmark Tokyo rubber futures extended gains on Tuesday, finishing up 0.6 percent, as the market got support from a weaker yen and data showing China's economic slowdown was not as bad as investors had expected. Tokyo Commodity Exchange (TOCOM) futures,
Published 21 Jan, 2015 12:00am
Palm futures slipped to a two-week low

Palm futures slipped to a two-week low

Malaysian palm futures slipped to a two-week low on Tuesday as lacklustre demand and a grim outlook on global commodity markets piled pressure, but prices pulled up in late trade as they clung onto support from the ringgit that slumped to near 6-year lows
Published 21 Jan, 2015 12:00am
Raw sugar up three percent at seven-week high, arabica sinks

Raw sugar up three percent at seven-week high, arabica sinks

Raw sugar futures rallied to a seven-week peak on Tuesday after the government in top-grower Brazil restored a gasoline tax that is expected to boost ethanol use, while arabica coffee fell in its biggest three-day tumble in three months. Cocoa futures on
Published 21 Jan, 2015 12:00am
Gold near four-month high in Asian trade

Gold near four-month high in Asian trade

Gold held firm just below a four-month high on Tuesday, underpinned by safe-haven bids on market volatility stoked by uncertainty over Europe's economy and global growth worries. Traders were awaiting the European Central Bank policy meeting this Thursday
Published 21 Jan, 2015 12:00am
Gold hits 4-1/2-month high on ECB stimulus worries

Gold hits 4-1/2-month high on ECB stimulus worries

Gold rose more than 1 percent on Tuesday to a 4-1/2 month high as uncertainty over the extent of a stimulus programme the European Central Bank is expected to unveil on Thursday drove investors into assets seen as lower risk. Buying accelerated on a break
Published 21 Jan, 2015 12:00am
US MIDDAY: wheat rebounds

US MIDDAY: wheat rebounds

Chicago Board of Trade soft red winter wheat futures rose Tuesday in a technical bounce after the spot March contract fell to its lowest in more than two months, traders said. Concern about renewed hostilities in the Black Sea grains export region added s
Published 21 Jan, 2015 12:00am
US MIDDAY: raw sugar futures up

US MIDDAY: raw sugar futures up

Raw sugar futures rallied to a seven-week peak on Tuesday after the government in top-grower Brazil restored a gasoline tax that is expected to boost ethanol use, while arabica coffee fell in its biggest three-day tumble in three months. Cocoa futures on
Published 21 Jan, 2015 12:00am
Soybeans fall to three-month low on firmer dollar

Soybeans fall to three-month low on firmer dollar

US soybean futures fell to a three-month low on Tuesday as a firmer dollar and expectations of weak Chinese economic data weighed on prices. Chicago Board Of Trade March soybeans fell 0.73 percent to $9.84-1/2 a bushel, just above the session low of $9.91
Published 21 Jan, 2015 12:00am
Controversial SRO: IHC to hear petition today

Controversial SRO: IHC to hear petition today

The Islamabad High Court (IHC) will hear today a writ petition that has challenged a statutory regulatory order (SRO) issued by the federal government dated December 30, 2014 under which general sales tax (GST) on petroleum products has been increased by
Published 21 Jan, 2015 12:00am
Afghan national held

Afghan national held

Federal Investigation Agency (FIA) personnel on Tuesday arrested an afghan national trying to leave abroad on fake documents from Benazir Bhutto International airport. According to FIA sources, on a tipoff, Immigration cell of the FIA at Benazir Bhutto In
Published 21 Jan, 2015 12:00am
Police arrest 22 suspects during search operation in Capital

Police arrest 22 suspects during search operation in Capital

Islamabad Police arrested 22 suspects during search operation in various areas of the city, a police spokesman said on Tuesday. IGP Islamabad Tahir Alam Khan directed all SDPOs and SHOs to enhance patrolling as well as checking in various areas of the cit
Published 21 Jan, 2015 12:00am
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