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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-02-22
Lee Kuan Yew in ICU but 'stable'

Lee Kuan Yew in ICU but 'stable'

Singapore's founding leader Lee Kuan Yew, credited with transforming the city-state to one of Asia's wealthiest economies, is in hospital breathing with the help of a machine but in stable condition, the government said Saturday. A statement from the Prim
Published 22 Feb, 2015 12:00am
Azerbaijan sharply devalues national currency

Azerbaijan sharply devalues national currency

Azerbaijan''s central bank on Saturday sharply devalued the energy-rich country''s currency as falling oil prices and economic turmoil in Russia hit hard across the former Soviet Union. The Azerbaijani manat lost 34 percent of its value against the dollar
Published 22 Feb, 2015 12:00am
Azerbaijan sharply devalues national currency

Azerbaijan sharply devalues national currency

Azerbaijan's central bank on Saturday sharply devalued the energy-rich country's currency as falling oil prices and economic turmoil in Russia hit hard across the former Soviet Union. The Azerbaijani manat lost 34 percent of its value against the dollar a
Published 22 Feb, 2015 12:00am
Azerbaijan sharply devalues national currency

Azerbaijan sharply devalues national currency

Azerbaijan's central bank on Saturday sharply devalued the energy-rich country's currency as falling oil prices and economic turmoil in Russia hit hard across the former Soviet Union. The Azerbaijani manat lost 34 percent of its value against the dollar a
Published 22 Feb, 2015 12:00am
Yemen oil revenues drop almost $1 billion in 2014

Yemen oil revenues drop almost $1 billion in 2014

Yemen suffered a drop of around $1 billion, or 37 percent, in revenue from oil exports last year due to nose-diving crude prices and the sabotage of pipelines, the central bank said Saturday. Revenues amounted to $1.673 billion (1.468 billion euros), comp
Published 22 Feb, 2015 12:00am
Yemen oil revenues drop almost $1 billion in 2014

Yemen oil revenues drop almost $1 billion in 2014

Yemen suffered a drop of around $1 billion, or 37 percent, in revenue from oil exports last year due to nose-diving crude prices and the sabotage of pipelines, the central bank said Saturday. Revenues amounted to $1.673 billion (1.468 billion euros), comp
Published 22 Feb, 2015 12:00am
Yemen oil revenues drop almost $1 billion in 2014

Yemen oil revenues drop almost $1 billion in 2014

Yemen suffered a drop of around $1 billion, or 37 percent, in revenue from oil exports last year due to nose-diving crude prices and the sabotage of pipelines, the central bank said Saturday. Revenues amounted to $1.673 billion (1.468 billion euros), comp
Published 22 Feb, 2015 12:00am
Jihadists in Libya 'direct threat' to Europe: French Prime Minister

Jihadists in Libya 'direct threat' to Europe: French Prime Minister

Jihadists in Libya pose a "direct threat" to Europe, French Prime Minister Manuel Valls said in Madrid on Saturday. "I would like to cite the question of Libya and the direct threat to our security of the creation - under our eyes and not far from our bor
Published 22 Feb, 2015 12:00am
Jihadists in Libya 'direct threat' to Europe: French Prime Minister

Jihadists in Libya 'direct threat' to Europe: French Prime Minister

Jihadists in Libya pose a "direct threat" to Europe, French Prime Minister Manuel Valls said in Madrid on Saturday. "I would like to cite the question of Libya and the direct threat to our security of the creation - under our eyes and not far from our bor
Published 22 Feb, 2015 12:00am
Shipping firms, dockers union reach tentative deal on US ports

Shipping firms, dockers union reach tentative deal on US ports

US West Coast dockworkers and port operators have reached a tentative deal on a new labour contract, officials said late Friday, averting a shutdown that would have hit about half the country''s trade. The new agreement, details of which were not immediat
Published 22 Feb, 2015 12:00am
Shipping firms, dockers union reach tentative deal on US ports

Shipping firms, dockers union reach tentative deal on US ports

US West Coast dockworkers and port operators have reached a tentative deal on a new labour contract, officials said late Friday, averting a shutdown that would have hit about half the country's trade. The new agreement, details of which were not immediate
Published 22 Feb, 2015 12:00am
Shipping firms, dockers union reach tentative deal on US ports

Shipping firms, dockers union reach tentative deal on US ports

US West Coast dockworkers and port operators have reached a tentative deal on a new labour contract, officials said late Friday, averting a shutdown that would have hit about half the country's trade. The new agreement, details of which were not immediate
Published 22 Feb, 2015 12:00am
Opposition alliance in KP: Fazl demands two Senate seats from PPP

Opposition alliance in KP: Fazl demands two Senate seats from PPP

Jamaat Ulema-i-Islam-F has demanded two Senate seats from the PPP for the March 05 elections as a pre-condition for formation of an electoral alliance in Khyber Pakhtunkhwa. The JUI-F chief Maulana Fazlur Rehman held a meeting with the PPP Co-chairperson
Published 22 Feb, 2015 12:00am
Opposition alliance in KP: Fazl demands two Senate seats from PPP

Opposition alliance in KP: Fazl demands two Senate seats from PPP

Jamaat Ulema-i-Islam-F has demanded two Senate seats from the PPP for the March 05 elections as a pre-condition for formation of an electoral alliance in Khyber Pakhtunkhwa. The JUI-F chief Maulana Fazlur Rehman held a meeting with the PPP Co-chairperson
Published 22 Feb, 2015 12:00am
Population census: hearing of petition tomorrow

Population census: hearing of petition tomorrow

The Islamabad High Court will hear on Monday a constitutional petition that has urged it to issue directions to the federal government to conduct a fresh population census in the country. A single-member bench of Justice Attar Minallah would hear this pet
Published 22 Feb, 2015 12:00am
Population census: hearing of petition tomorrow

Population census: hearing of petition tomorrow

The Islamabad High Court will hear on Monday a constitutional petition that has urged it to issue directions to the federal government to conduct a fresh population census in the country. A single-member bench of Justice Attar Minallah would hear this pet
Published 22 Feb, 2015 12:00am
Iran politics soiled by 'dirty money': minister

Iran politics soiled by 'dirty money': minister

Iran's Interior Minister Abdolreza Rahmani Fazli said Saturday political life in the Islamic republic was tainted by "dirty money", including from drugs, the official IRNA news agency reported. "A large part of the moral corruption in this country comes f
Published 22 Feb, 2015 12:00am
Iran politics soiled by 'dirty money': minister

Iran politics soiled by 'dirty money': minister

Iran's Interior Minister Abdolreza Rahmani Fazli said Saturday political life in the Islamic republic was tainted by "dirty money", including from drugs, the official IRNA news agency reported. "A large part of the moral corruption in this country comes f
Published 22 Feb, 2015 12:00am
Bilawal will return next month: Shah

Bilawal will return next month: Shah

Pakistan People's Party leader and Leader of Opposition in the National Assembly Syed Khursheed Shah has disclosed that his party Chairman Bilawal Bhutto Zardari will come back to Pakistan next month. Khursheed Shah made the above disclosure in a media st
Published 22 Feb, 2015 12:00am
Bilawal will return next month: Shah

Bilawal will return next month: Shah

Pakistan People's Party leader and Leader of Opposition in the National Assembly Syed Khursheed Shah has disclosed that his party Chairman Bilawal Bhutto Zardari will come back to Pakistan next month. Khursheed Shah made the above disclosure in a media st
Published 22 Feb, 2015 12:00am
Kinnow export: Customs told to amend WeBOC module

Kinnow export: Customs told to amend WeBOC module

The Federal Board of Revenue (FBR) has directed Collectors of Customs to immediately amend Web-based One Customs (WeBOC) clearance system module of Duty and Tax Remission for Export (DTRE) scheme to ensure 5 percent random examination of export consignmen
Published 22 Feb, 2015 12:00am
Kinnow export: Customs told to amend WeBOC module

Kinnow export: Customs told to amend WeBOC module

The Federal Board of Revenue (FBR) has directed Collectors of Customs to immediately amend Web-based One Customs (WeBOC) clearance system module of Duty and Tax Remission for Export (DTRE) scheme to ensure 5 percent random examination of export consignmen
Published 22 Feb, 2015 12:00am
Kinnow export: Customs told to amend WeBOC module

Kinnow export: Customs told to amend WeBOC module

The Federal Board of Revenue (FBR) has directed Collectors of Customs to immediately amend Web-based One Customs (WeBOC) clearance system module of Duty and Tax Remission for Export (DTRE) scheme to ensure 5 percent random examination of export consignmen
Published 22 Feb, 2015 12:00am
Another student of APS attack dies

Another student of APS attack dies

Ishaq Ameen, 18-year-old, who was critically wounded during terrorist attack on Army Public School (APS) in Peshawar, died on Saturday at the Combined Military Hospital (CMH) in Peshawar. Ishaq's condition deteriorated a few days back after which he was s
Published 22 Feb, 2015 12:00am
Another student of APS attack dies

Another student of APS attack dies

Ishaq Ameen, 18-year-old, who was critically wounded during terrorist attack on Army Public School (APS) in Peshawar, died on Saturday at the Combined Military Hospital (CMH) in Peshawar. Ishaq's condition deteriorated a few days back after which he was s
Published 22 Feb, 2015 12:00am
US signals likely delay in troop pullout from Afghanistan

US signals likely delay in troop pullout from Afghanistan

President Barack Obama's new Pentagon chief said Saturday the United States was seriously considering slowing the pace of a troop withdrawal from Afghanistan, as the country faces a growing Taliban insurgency. US Defense Secretary Ashton Carter's comments
Published 22 Feb, 2015 12:00am
US signals likely delay in troop pullout from Afghanistan

US signals likely delay in troop pullout from Afghanistan

President Barack Obama's new Pentagon chief said Saturday the United States was seriously considering slowing the pace of a troop withdrawal from Afghanistan, as the country faces a growing Taliban insurgency. US Defense Secretary Ashton Carter's comments
Published 22 Feb, 2015 12:00am
Estranged Pak-Afghan relationship is on the road to recovery

Estranged Pak-Afghan relationship is on the road to recovery

The recent high-level exchanges between Pakistan and Afghanistan indicate that leaderships of the two countries have succeeded in overhauling the decade-long estranged relations. Officials in Pakistan recognise the shift in the policy of the new Afghan le
Published 22 Feb, 2015 12:00am
Estranged Pak-Afghan relationship is on the road to recovery

Estranged Pak-Afghan relationship is on the road to recovery

The recent high-level exchanges between Pakistan and Afghanistan indicate that leaderships of the two countries have succeeded in overhauling the decade-long estranged relations. Officials in Pakistan recognise the shift in the policy of the new Afghan le
Published 22 Feb, 2015 12:00am
Nisar meets more US officials to strengthen ties

Nisar meets more US officials to strengthen ties

The United States has pledged continued support for Pakistan's fight against terror, as Interior Minister Chaudhry Nisar Ali Khan and White House National Security Advisor discussed bilateral relations, efforts for regional stability and the need to align
Published 22 Feb, 2015 12:00am
Nisar meets more US officials to strengthen ties

Nisar meets more US officials to strengthen ties

The United States has pledged continued support for Pakistan's fight against terror, as Interior Minister Chaudhry Nisar Ali Khan and White House National Security Advisor discussed bilateral relations, efforts for regional stability and the need to align
Published 22 Feb, 2015 12:00am
Agriculture sector: Dar supports subsidy business

Agriculture sector: Dar supports subsidy business

Finance Minister Ishaq Dar has not reportedly agreed with the unanimous decision of the Economic Advisory Council (EAC) members that the government must get out of the business of support price and subsidies in agriculture sector. Sources in the Finance M
Published 22 Feb, 2015 12:00am
Agriculture sector: Dar supports subsidy business

Agriculture sector: Dar supports subsidy business

Finance Minister Ishaq Dar has not reportedly agreed with the unanimous decision of the Economic Advisory Council (EAC) members that the government must get out of the business of support price and subsidies in agriculture sector. Sources in the Finance M
Published 22 Feb, 2015 12:00am
Agriculture sector: Dar supports subsidy business

Agriculture sector: Dar supports subsidy business

Finance Minister Ishaq Dar has not reportedly agreed with the unanimous decision of the Economic Advisory Council (EAC) members that the government must get out of the business of support price and subsidies in agriculture sector. Sources in the Finance M
Published 22 Feb, 2015 12:00am
Davutoglu plays key role in proposed FTA

Davutoglu plays key role in proposed FTA

Turkish Prime Minister Ahmet Davutoglu has reportedly played a key role in proposed Free Trade Agreement (FTA) with Pakistan expected to be signed by the end of current year, well-informed sources told Business Recorder. In 2011, Turkey had imposed
Published 22 Feb, 2015 12:00am
Davutoglu plays key role in proposed FTA

Davutoglu plays key role in proposed FTA

Turkish Prime Minister Ahmet Davutoglu has reportedly played a key role in proposed Free Trade Agreement (FTA) with Pakistan expected to be signed by the end of current year, well-informed sources told Business Recorder. In 2011, Turkey had imposed
Published 22 Feb, 2015 12:00am
Davutoglu plays key role in proposed FTA

Davutoglu plays key role in proposed FTA

Turkish Prime Minister Ahmet Davutoglu has reportedly played a key role in proposed Free Trade Agreement (FTA) with Pakistan expected to be signed by the end of current year, well-informed sources told Business Recorder. In 2011, Turkey had imposed
Published 22 Feb, 2015 12:00am
India vows tough action over energy documents ''leak''

India vows tough action over energy documents ''leak''

India vowed the "strictest punishment" Saturday against anyone involved in stealing top-secret documents from the country''s petroleum ministry and selling them to energy companies, as the number of people arrested over the scam rose to 12. Five senior ex
Published 22 Feb, 2015 12:00am
India vows tough action over energy documents 'leak'

India vows tough action over energy documents 'leak'

India vowed the "strictest punishment" Saturday against anyone involved in stealing top-secret documents from the country's petroleum ministry and selling them to energy companies, as the number of people arrested over the scam rose to 12. Five senior exe
Published 22 Feb, 2015 12:00am
India vows tough action over energy documents 'leak'

India vows tough action over energy documents 'leak'

India vowed the "strictest punishment" Saturday against anyone involved in stealing top-secret documents from the country's petroleum ministry and selling them to energy companies, as the number of people arrested over the scam rose to 12. Five senior exe
Published 22 Feb, 2015 12:00am
Greece wins eurozone extension deal with strict conditions

Greece wins eurozone extension deal with strict conditions

Europe on Friday granted Greece a crucial four-month extension to its massive debt bailout, offering precious breathing space, but at the cost of huge concessions including a commitment to spell out reforms within two days. The 19 eurozone finance ministe
Published 22 Feb, 2015 12:00am
Greece wins eurozone extension deal with strict conditions

Greece wins eurozone extension deal with strict conditions

Europe on Friday granted Greece a crucial four-month extension to its massive debt bailout, offering precious breathing space, but at the cost of huge concessions including a commitment to spell out reforms within two days. The 19 eurozone finance ministe
Published 22 Feb, 2015 12:00am
Greece wins eurozone extension deal with strict conditions

Greece wins eurozone extension deal with strict conditions

Europe on Friday granted Greece a crucial four-month extension to its massive debt bailout, offering precious breathing space, but at the cost of huge concessions including a commitment to spell out reforms within two days. The 19 eurozone finance ministe
Published 22 Feb, 2015 12:00am
The ignominy of inglorious defeat

The ignominy of inglorious defeat

I m not a cricket player and do not know more than half the terminology in use in the game but, like the rest of the country including the restive north, I am a cricket fan. I may not be a patriot like even the most obscure of our politician, constantly r
Published 22 Feb, 2015 12:00am
The ignominy of inglorious defeat

The ignominy of inglorious defeat

I m not a cricket player and do not know more than half the terminology in use in the game but, like the rest of the country including the restive north, I am a cricket fan. I may not be a patriot like even the most obscure of our politician, constantly r
Published 22 Feb, 2015 12:00am
The ignominy of inglorious defeat

The ignominy of inglorious defeat

I m not a cricket player and do not know more than half the terminology in use in the game but, like the rest of the country including the restive north, I am a cricket fan. I may not be a patriot like even the most obscure of our politician, constantly r
Published 22 Feb, 2015 12:00am
Pak-MDGs Entire budgeted amount released

Pak-MDGs Entire budgeted amount released

The federal government has released the entire budgeted amount of Rs 12.5 billion for Pakistan Millennium Development Goals (Pak-MDGs) and Community Development Programme (CDP) during this week. This was revealed on the website of Ministry of Planning, De
Published 22 Feb, 2015 12:00am
Pak-MDGs Entire budgeted amount released

Pak-MDGs Entire budgeted amount released

The federal government has released the entire budgeted amount of Rs 12.5 billion for Pakistan Millennium Development Goals (Pak-MDGs) and Community Development Programme (CDP) during this week. This was revealed on the website of Ministry of Planning, De
Published 22 Feb, 2015 12:00am
Pak-MDGs Entire budgeted amount released

Pak-MDGs Entire budgeted amount released

The federal government has released the entire budgeted amount of Rs 12.5 billion for Pakistan Millennium Development Goals (Pak-MDGs) and Community Development Programme (CDP) during this week. This was revealed on the website of Ministry of Planning, De
Published 22 Feb, 2015 12:00am
Target of 15.49 million bales set for 2015-16 season

Target of 15.49 million bales set for 2015-16 season

The government has set 15.49 million bales cotton target for the next season (2015-16) against the revised target of 13.48 million bales for the outgoing season (2014-15), it is learnt. The government had set initial target of 15.1 million bales for the c
Published 22 Feb, 2015 12:00am
The Weather

The Weather

The weather report on Saturday (February 21, 2015) and the forecast for Sunday (February 22, 2015).

Published 22 Feb, 2015 12:00am
Target of 15.49 million bales set for 2015-16 season

Target of 15.49 million bales set for 2015-16 season

The government has set 15.49 million bales cotton target for the next season (2015-16) against the revised target of 13.48 million bales for the outgoing season (2014-15), it is learnt. The government had set initial target of 15.1 million bales for the c
Published 22 Feb, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am
Target of 15.49 million bales set for 2015-16 season

Target of 15.49 million bales set for 2015-16 season

The government has set 15.49 million bales cotton target for the next season (2015-16) against the revised target of 13.48 million bales for the outgoing season (2014-15), it is learnt. The government had set initial target of 15.1 million bales for the c
Published 22 Feb, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 21, 2015)

Published 22 Feb, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee managed to hold the overnight levels against the dollar on the local money market on Saturday, dealers said. The rupee sustained the overnight levels in terms of the greenback for buying and selling at Rs 101.70 and Rs 101.90 respectively, they
Published 22 Feb, 2015 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee managed to hold the overnight levels against the dollar on the local money market on Saturday, dealers said. The rupee sustained the overnight levels in terms of the greenback for buying and selling at Rs 101.70 and Rs 101.90 respectively, they
Published 22 Feb, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am
Russia's winter grain crop to fall 40 percent in 2015

Russia's winter grain crop to fall 40 percent in 2015

The winter grain crop in Russia, one of the world's largest wheat exporters, may fall more than 40 percent this year due to poor planting conditions, Interfax news agency reported on Thursday, citing Agriculture Ministry materials. This year's winter crop
Published 22 Feb, 2015 12:00am
Asian cocoa butter ratios sink

Asian cocoa butter ratios sink

Asia's cocoa butter ratios sank further this week, still at their lowest in 21 months as weak demand for butter and powder continued, with grinders expecting sluggish demand through the first quarter. The global cocoa market has been hit by high bean pric
Published 22 Feb, 2015 12:00am
India's gold imports set to rise

India's gold imports set to rise

Gold imports to top consumer India are set to jump in coming months after the central bank eased gold import curbs, ahead of an expected cut in import duty in next week's federal budget. The Reserve Bank of India said on Wednesday banks would again be all
Published 22 Feb, 2015 12:00am
Oil cake market rates

Oil cake market rates

Futures were unchanged on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The January contract closed at Rs 1566.30 on Thursday, and it commenced at the same rate in the morning session, they said. The March vaid
Published 22 Feb, 2015 12:00am
Cotton market: prices stabilise amid active buying by mills

Cotton market: prices stabilise amid active buying by mills

Prices held the present levels on the cotton market on Saturday as diminishing stock of quality lint, propelled mills and some exporters to make fresh buying, dealers said. The official spot rate was unchanged at Rs 4,950, dealers said. In the ready sessi
Published 22 Feb, 2015 12:00am
Canadian canola futures drop

Canadian canola futures drop

ICE Canadian canola futures dipped on Friday with soybeans, but finished higher for the week. March options expired on Friday. March canola lost $3.40 to $470.10 per tonne and rose 0.6 percent for the week Most-active May canola shed $1.80 to $466.10 per
Published 22 Feb, 2015 12:00am
Cameroon's January cocoa bean exports up

Cameroon's January cocoa bean exports up

Cameroon had exported 146,893 tonnes of raw cocoa beans in the season to the end of January, about 10 percent more than at the same stage last year, statistics from the National Cocoa and Coffee Board (NCCB) showed on Thursday. The figures showed Cameroon
Published 22 Feb, 2015 12:00am
CBOT wheat futures fall on poor export demand

CBOT wheat futures fall on poor export demand

Chicago Board of Trade wheat futures fell 3.3 percent to their lowest since February 5 on Friday, with poor export demand for US supplies pressuring prices, traders said. Wheat closeted near session lows, a bearish sign for next week's trading.
Published 22 Feb, 2015 12:00am
Upward trend on grain market

Upward trend on grain market

An upward trend was witnessed on the local grain market on Saturday in the process of thin business, dealers said. On the cereals side, Moong Sindh gained sharply Rs 875 to Rs 11750 and Moong Afghani followed same pattern, picking up Rs 2125 to Rs 12250,
Published 22 Feb, 2015 12:00am
Cocoa quality problems cause high rejection rates in Ivory Coast

Cocoa quality problems cause high rejection rates in Ivory Coast

High rejection rates meant less than 50,000 tonnes of cocoa were accepted at Ivory Coast's ports in the first two weeks of February compared with 82,000 tonnes estimated by exporters, an official said on Friday. "It's hard to give a figure, but around one
Published 22 Feb, 2015 12:00am
Soyaoil prices subdued demand on Europe's vegoils markets

Soyaoil prices subdued demand on Europe's vegoils markets

Expectations for lower Chicago soyaoil prices subdued demand in Europe's vegetable oil markets on Friday while the Lunar New Year holiday in Asia kept many palm oil sellers out of the market, traders said. The main trade reported in Europe focused on rape
Published 22 Feb, 2015 12:00am
Indonesian tin smelters impose monthly export quota

Indonesian tin smelters impose monthly export quota

A group of Indonesian tin smelters have put in place a three-month quota to cap exports at about 2,000 tonnes per month with the goal of supporting prices for the solder material, the chief of the industry body said on Tuesday. Indonesia is the world's to
Published 22 Feb, 2015 12:00am
New USDA report shows increased corn use for ethanol, less sorghum

New USDA report shows increased corn use for ethanol, less sorghum

Use of US corn in ethanol production increased 5 percent in December while sorghum use for biofuel tumbled 57 percent from the previous month, the US Department of Agriculture said in a new monthly report on Thursday. The so-called Grain Crushings and Co-
Published 22 Feb, 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 steady on Thursday in quiet trade, merchants said. A lack of country movement combined with no new farmer sales kept cash trade slow, grain merchants said. Protein premiums for railcar wheat to and throu
Published 22 Feb, 2015 12:00am
Rapeseed oil prices lower on European vegoils market

Rapeseed oil prices lower on European vegoils market

Rapeseed oil on the European vegetable oils market was lower on Thursday in quiet trading as buyers shunned prices that were showing a steep forward curve. Activity in all products was light, particularly in palm oil, due to market closures in Malaysia an
Published 22 Feb, 2015 12:00am
Colombia sees coffee output rises to 12.5-13 million bags

Colombia sees coffee output rises to 12.5-13 million bags

Colombia expects coffee output to increase this year to between 12.5 and 13 million 60-kg sacks, as good weather and widespread replanting of aging and disease-prone trees boost production, the head of the coffee federation said on Thursday. Coffee output
Published 22 Feb, 2015 12:00am
US natural gas futures hit three-week highs

US natural gas futures hit three-week highs

US natural gas futures settled up 4 percent on Friday, hitting three-week highs as freezing weather across much of the country fuelled speculation about higher heating demand that overshadowed worries about high gas stockpiles. Front-month gas futures on
Published 22 Feb, 2015 12:00am
US Midwest soya bids mostly steady

US Midwest soya bids mostly steady

Soyabean spot basis bids were mostly steady around the US Midwest on Friday as farmer sales tapered off, dealers said. Some farmers sold light amounts of soyabeans on Thursday and early Friday, but lower US soyabean futures dragged cash prices below targe
Published 22 Feb, 2015 12:00am
Iron ore scales three-week up ahead of China holiday

Iron ore scales three-week up ahead of China holiday

Iron ore climbed to its highest in more than three weeks as traders bet on a recovery in China's steel demand after the Lunar New Year holiday. But an industry group warned weak infrastructure and real estate investment may continue to weigh on China's st
Published 22 Feb, 2015 12:00am
EU wheat futures ease after export gains

EU wheat futures ease after export gains

Paris wheat futures eased on Friday as a pullback in US prices encouraged consolidation on the European market after export-fuelled gains a day earlier. May milling wheat on Euronext was down 0.75 euro, or 0.4 percent, to 188.50 euros a tonne by 1554 GMT.
Published 22 Feb, 2015 12:00am
US FOB Gulf soya basis offers firm

US FOB Gulf soya basis offers firm

US FOB Gulf soyabean basis offers for nearby loading were firm after the close on Friday despite the Lunar New Year holiday in leading buyer, China, as tight loading capacity at the Gulf and strong processor competition underpinned prices, traders said. C
Published 22 Feb, 2015 12:00am
US urges removing Superfish programme from Lenovo laptops

US urges removing Superfish programme from Lenovo laptops

The US government on Friday advised Lenovo Group Ltd customers to remove "Superfish," a programme pre-installed on some Lenovo laptops, saying it makes users vulnerable to cyberattacks. The Department of Homeland Security said in an alert that the program
Published 22 Feb, 2015 12:00am
Major banks' fixed income revenues fell last year to half 2009 levels

Major banks' fixed income revenues fell last year to half 2009 levels

The 10 biggest investment banks' revenue from fixed income, currencies and commodities, known as FICC, fell 7 percent last year, a consultancy said on Thursday, citing lower client activity and a challenging economic backdrop. Revenues were down to half t
Published 22 Feb, 2015 12:00am
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