News Archives for Print - 2015-04-19

Asian coffee: robusta supply tightens on slow Indonesia, Vietnam exports

Robusta supply from Asia tightened as rising domestic consumption cut into Indonesia's exports, traders said on Thursday, while shipments from top producer Vietnam hit a five-year low.

Published 19 Apr, 2015 12:00am

African currencies week ahead: Tanzanian shilling to hover at record lows, others mixed

Tanzania's currency is expected to stay under pressure next week after hitting a new all-time low against the dollar, while most other currencies are seen mixed.

Published 19 Apr, 2015 12:00am

Wall Street falls steeply with China, Greece fears paramount

The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid US corporate earnings. Selling followed sharp overseas st

Published 19 Apr, 2015 12:00am

Treasuries outlook: Yield curve flattens as inflation picks up

The US Treasury yield curve flattened on Friday after data showed that US consumer prices rose for a second straight month in March, but were lower than a year ago. The Labour Department said on Friday its Consumer Price Index increased 0.2 percent last m

Published 19 Apr, 2015 12:00am

Treasuries outlook: Yield curve flattens as inflation picks up

The US Treasury yield curve flattened on Friday after data showed that US consumer prices rose for a second straight month in March, but were lower than a year ago. The Labour Department said on Friday its Consumer Price Index increased 0.2 percent last m

Published 19 Apr, 2015 12:00am

Ontario to sell 60 percent of Hydro One in IPO

Ontario Premier Kathleen Wynne said on Thursday her Liberal government would sell up to 60 percent of the province's electrical utility Hydro One but would limit minority shareholders to 10 percent stakes. Canada's most populous province would continue to

Published 19 Apr, 2015 12:00am

ECB bond-buying carries risk of bubbles: institutes

Leading economic institutes from Germany, Austria and Switzerland warned on Thursday there was a risk stock market bubbles could form as a result of the European Central Bank's money-printing stimulus. Under a quantitative easing (QE) programme which star

Published 19 Apr, 2015 12:00am

ECB bond-buying carries risk of bubbles: institutes

Leading economic institutes from Germany, Austria and Switzerland warned on Thursday there was a risk stock market bubbles could form as a result of the European Central Bank's money-printing stimulus. Under a quantitative easing (QE) programme which star

Published 19 Apr, 2015 12:00am

US financier Rogers says now may be time to invest in Russia

Now may be the time to invest in Russian shares because oil prices have hit bottom and the Russian stock market is rising, veteran US financier Jim Rogers said on Monday. "I'm very optimistic about the future of Russia," he told a conference in Moscow arr

Published 19 Apr, 2015 12:00am

Indian regulator under fire over IPO bottleneck

India's market regulator, under pressure to tighten scrutiny, is taking as long as a year to approve initial public offerings, prompting criticism from firms already grappling with unpredictable demand and a lack of alternative funding sources. India's st

Published 19 Apr, 2015 12:00am

Wall Street sees lower stock market gains this year

US stocks are forecast to post more modest gains this year than in 2014 as rising interest rates and a firmer dollar partly offset strong economic growth, a Reuters poll found. The S&P 500 will rise to 2,200 by December 31, according to the median forecas

Published 19 Apr, 2015 12:00am

Valuations of Hong Kong's stock market operator go interstellar

For the first time analysts are more bullish about the operator of Hong Kong's stock market than fast-growing Chinese firms like Lenovo Group and Tencent Holdings. Shares in Hong Kong Exchanges and Clearing Ltd (HKEx) have risen about 40 percent in the pa

Published 19 Apr, 2015 12:00am

Sixt to float leasing unit

German car rental group Sixt announced plans on Tuesday to float its leasing unit on the Frankfurt stock exchange this year as it seeks to free up capital for its core business. A person familiar with the plans said the listing, scheduled to take place by

Published 19 Apr, 2015 12:00am

Emerging shares seen lagging developed countries for fifth straight year

The roaring stock market rallies of the United States, Japan and Europe show no sign of reaching most emerging markets, where lacklustre economic growth and company profits point to a fifth straight year of lagging performance. Emerging markets are the bl

Published 19 Apr, 2015 12:00am

Emerging shares seen lagging developed countries for fifth straight year

The roaring stock market rallies of the United States, Japan and Europe show no sign of reaching most emerging markets, where lacklustre economic growth and company profits point to a fifth straight year of lagging performance. Emerging markets are the bl

Published 19 Apr, 2015 12:00am

TSX declines

Canada's main stock ended moderately lower on Friday as some of the country's largest financial stocks retreated, while energy gains offset some of the damage. Energy shares managed to shrug off a decline in crude prices, which came under pressure from si

Published 19 Apr, 2015 12:00am

Etsy valued at $4bn in market debut

Shares of Etsy Inc, an online marketplace for handmade goods and crafts, more than doubled in their debut on Thursday, valuing the company at about $4 billion. The company's offering of about 16.7 million shares raised about $267 million, after it was pri

Published 19 Apr, 2015 12:00am

China wants to follow rules on currency basket, says IMF official

China does not want to bend the rules in its favour to include the yuan in the IMF's basket of major reserve currencies, the No. 2 official at the International Monetary Fund said. Beijing tightly controls the yuan's movements and has strong capital contr

Published 19 Apr, 2015 12:00am

China securities regulator denies encouraging short selling

China's recent liberalisation of stock short-selling rules is not intended to encourage the practice, the China Securities Regulatory Commission (CSRC) said on Saturday, after overseas markets dropped sharply in response to the move. In a post on its offi

Published 19 Apr, 2015 12:00am

Ukraine meets with investors in effort to strike debt deal

Ukrainian authorities met with investors in Washington on Friday as part of an effort to secure agreement on extending maturities of bonds issued by state-run Ukreximbank. In a news release issued following the meeting, Ukraine's Finance Ministry said it

Published 19 Apr, 2015 12:00am

Ukraine meets with investors in effort to strike debt deal

Ukrainian authorities met with investors in Washington on Friday as part of an effort to secure agreement on extending maturities of bonds issued by state-run Ukreximbank. In a news release issued following the meeting, Ukraine's Finance Ministry said it

Published 19 Apr, 2015 12:00am

China, Malaysia renew currency swap arrangement for 3 years

China and Malaysia have renewed their currency swap arrangement for a further three years, according to a statement on the website of the Malaysian central bank. The swap exchanges 180 billion yuan ($29.04 billion) for 90 billion ringgit ($24.83 billion),

Published 19 Apr, 2015 12:00am

Iranian banks agree to cut rates after inflation plunge

Iranian banks agreed on Saturday to cut deposit and lending rates, the head of Iran's largest commercial bank said, after a sharp fall of inflation gave policymakers more room to pursue faster economic growth. "The directors of state and private banks tod

Published 19 Apr, 2015 12:00am

Iranian banks agree to cut rates after inflation plunge

Iranian banks agreed on Saturday to cut deposit and lending rates, the head of Iran's largest commercial bank said, after a sharp fall of inflation gave policymakers more room to pursue faster economic growth. "The directors of state and private banks tod

Published 19 Apr, 2015 12:00am

Taurus revamp debuts in China as Ford counters US sedan slump

Ford Motor Co's global premiere of its redesigned Taurus sedan in China underscores a shift in its US home market from the big sedan to roomier, utilitarian crossover SUVs. There's a similar trend in China, the world's biggest car market, but there is sti

Published 19 Apr, 2015 12:00am

Libor

Britain's watchdog criticises Deutsche Bank over Libor

Britain's financial regulator has harshly criticized Deutsche Bank's top management for failing to cooperate in its probe of the rigging of benchmark interest rate Libor, German magazine Der Spiegel said on Saturday. Britains Financial Conduct Authority (

Published 19 Apr, 2015 12:00am

'More work needed now' by Greece for debt deal: Draghi

European Central Bank chief Mario Draghi said Saturday that Greece needs to do much more, and urgently so, on an acceptable plan to gain further EU financing. With the clock ticking on Greek negotiations with the European Union for the release of another

Published 19 Apr, 2015 12:00am

'More work needed now' by Greece for debt deal: Draghi

European Central Bank chief Mario Draghi said Saturday that Greece needs to do much more, and urgently so, on an acceptable plan to gain further EU financing. With the clock ticking on Greek negotiations with the European Union for the release of another

Published 19 Apr, 2015 12:00am

Thousands in Germany protest against Europe-US trade deal

Thousands of people marched in Berlin, Munich and other German cities on Saturday in protest against a planned free trade deal between Europe and the United States that they fear will erode food, labour and environmental standards. Opposition to the Trans

Published 19 Apr, 2015 12:00am

Russia denies German report it is ready to sign gas deal with Greece

Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers. German magazine Der Spiegel, citing a senior

Published 19 Apr, 2015 12:00am

French deficit plan poses legal problem, but nominal targets key: Moscovici

France's challenge of structural deficit targets set by European Union finance ministers is a legal problem, but economic growth and nominal deficit goals are more important in the end, EU Economics Commissioner Pierre Moscovici said. His remarks in an in

Published 19 Apr, 2015 12:00am

Hollande's approval ratings climb off rock bottom

President Francois Hollande's approval rating has risen, but the vast majority of French voters remain unhappy with his performance, casting doubt on his re-election chances, said an opinion poll published on Saturday. The Opinionway survey in Le Figaro n

Published 19 Apr, 2015 12:00am

Lawmakers approve Afghan cabinet after months of stalemate

Afghanistan's parliament Saturday approved 16 more ministerial nominees, including four women, nearly completing President Ashraf Ghani's cabinet after months of stalemate - leaving only the crucial post of defence minister to be filled. Only eight out of

Published 19 Apr, 2015 12:00am

Australia foils alleged terror attack for Gallipoli centenary

Hundreds of Australian police on Saturday arrested five teens planning an Islamic State-inspired terrorist attack next week at an event to mark the centenary of the landings at Gallipoli during World War One, Prime Minister Tony Abbott said.

Published 19 Apr, 2015 12:00am

700 Liberian Ebola workers protest for hazard pay

Seven hundred Liberian Ebola workers took to the streets of the capital Monrovia for a second day on Saturday to demand promised hazard pay. "We took risks so we deserve our benefits," demonstrators chanted as the protest began Friday, when they disrupted

Published 19 Apr, 2015 12:00am

Sudan security seizes newspaper issue: editor

Sudanese security agents seized the entire Saturday edition of a newspaper over an article about an activist who was detained in the run-up to the country's general elections, its editor-in-chief said. The National Intelligence and Security Service took t

Published 19 Apr, 2015 12:00am

Prince Harry gets airborne and into Australia's Outback

Prince Harry completes the first two weeks of a stint with the Australian Army on Sunday, training in bush survival skills, spending time on helicopter duties and playing wheelchair Aussie Rules football. Captain Wales, as he is known in the British Army,

Published 19 Apr, 2015 12:00am

Labour pledges to tackle exploitation of migrant workers

British opposition leader Ed Miliband said on Saturday that he would set up a new government unit to prosecute employers who exploit migrant workers if his Labour Party wins power in the national election on May 7. In a major speech on immigration - a wid

Published 19 Apr, 2015 12:00am

China fines Alibaba $129,000 for pricing Violations

China's e-commerce giant, Alibaba Group, has been fined 800,000 yuan ($129,000) by the price bureau in eastern Zhejiang province for violations by third-party sellers during promotions on its e-commerce platforms. Since Alibaba turned "Singles' Day", a No

Published 19 Apr, 2015 12:00am

Zuma cancels state trip as xenophobic violence in South Africa spreads

South African President Jacob Zuma cancelled a state visit to Indonesia Saturday as officials scrambled to respond to deadly xenophobic violence, with scores of new arrests made in Johannesburg.

Published 19 Apr, 2015 12:00am

Oil price soars in mixed week for commodities

Star commodity performer oil surged in value this week on hopes that easing US shale output could help curb the stubborn global supply glut, analysts said. "Oil prices rose sharply in the past week, supported by further evidence that US production and cru

Published 19 Apr, 2015 12:00am

New York gold pares gains after US inflation data

Gold pared gains on Friday, heading for a second weekly drop, after data showing US consumer prices rose in March tempered speculation the Federal Reserve will delay its first interest rate rise in nearly a decade.

Published 19 Apr, 2015 12:00am

Platinum, palladium forecasts cut on oversupply, soft demand

Analysts and traders have cut their forecasts for platinum and palladium prices after they underperformed gold and silver in the first quarter, as supply of the metals remains ample in the face of lacklustre demand from jewellers and carmakers.

Published 19 Apr, 2015 12:00am

Yemen war puts 2015 crop at risk, food stocks shrink: UN agency

Conflict in Yemen is disrupting the crop planting season and threatens to create food shortages as the war-stricken country eats into its cereal reserves, the United Nations Food and Agriculture Organization (FAO) said on Wednesday.

Published 19 Apr, 2015 12:00am

China commodities imports resume but demand weak

China's commodities imports generally rose in March on a month earlier as shipments resumed after the Lunar New Year holiday, but analysts pointed to still weak demand for goods ranging from iron ore to coal and soybeans.

Published 19 Apr, 2015 12:00am

Noble Group shares dive on critical Muddy Waters report

Asian commodity trading giant Noble Group hit back Thursday after US short-seller Muddy Waters accused the firm of existing "solely to borrow and burn cash", in an attack that saw its shares dive.

Published 19 Apr, 2015 12:00am

China's March crude oil exports highest since 2006

China exported 750,000 tonnes of crude oil in March, its largest volume since 2006, in a possible sign the world's second largest crude importer is running out of storage capacity.

Published 19 Apr, 2015 12:00am

Egypt's GASC buys 300,000 tonnes of wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it had bought 300,000 tonnes of French, Russian and Romanian wheat in a tender for shipment between June 5 and June 15.

Published 19 Apr, 2015 12:00am

LME closer to coveted China market as stock plan launches

The London Metal Exchange expects to make its first foray into the lucrative Chinese market in the next year or so as a much-anticipated stock program pries open the world's biggest commodities market, its chief executive officer said in an interview.

Published 19 Apr, 2015 12:00am

Gold, silver price forecasts slashed as US rate rise looms

Analysts have made big cuts to expectations for gold and silver prices this year and next after the metals, weighed down by the prospect of higher US interest rates, failed to recover last year's losses in early 2015.

Published 19 Apr, 2015 12:00am

EU wheat futures fall to five-month low

Euronext wheat futures closed slightly lower on Friday as the market struggled to recover from a near five-month low linked to rain relief for the dry US grain belt.

Published 19 Apr, 2015 12:00am

US FOB Gulf wheat offers unchanged

Export premiums for wheat shipped from the Gulf Coast were level on Friday on limited demand for US supplies amid competition from less expensive grain from rival exporters, traders said.

Published 19 Apr, 2015 12:00am

US natural gas futures fall as storage grows on high production

US natural gas futures lost 1.9 percent on Friday as the amount of gas in storage grows fast over the next few weeks with production expected to remain relatively high and demand low.

Published 19 Apr, 2015 12:00am

European vegoils prices mostly higher

European vegetable oils prices were mostly higher on Thursday in very thin trading conditions, with activity slow ahead of a major trade meeting in Rotterdam.Dealers said many market participants were attending an annual dinner in Rotterdam organised by t

Published 19 Apr, 2015 12:00am

Asian gasoline crack falls

The Asian gasoline crack slipped marginally to $12.65 a barrel as high Brent crude prices weighed, but demand was brisk in the Singapore cash market.

Published 19 Apr, 2015 12:00am

Russia's Agriculture Ministry proposes to cancel wheat export tax from July 1

Russia's Agriculture Ministry has proposed to the government to cancel a tax on wheat exports from July 1 when the 2015/16 marketing year starts, a source at the ministry told Reuters.

Published 19 Apr, 2015 12:00am

Russia's Agriculture Ministry proposes to cancel wheat export tax from July 1

Russia's Agriculture Ministry has proposed to the government to cancel a tax on wheat exports from July 1 when the 2015/16 marketing year starts, a source at the ministry told Reuters.

Published 19 Apr, 2015 12:00am

China to double subsidies for corn processors

China could double its subsidies this year to corn processors in the main producing area in the northeast in a bid to help the loss-making industry and stimulate consumption, industry sources said.

Published 19 Apr, 2015 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 18, 2015).

Published 19 Apr, 2015 12:00am

Auto industry: Zubair forced to withdraw proposal

The powerful auto industry has reportedly forced Chairman Privatisation Commission (PC) Muhammad Zubair to withdraw a proposal meant to make mandatory for auto assemblers to change their models after every ten years, well informed sources told Business Re

Published 19 Apr, 2015 12:00am

Auto industry: Zubair forced to withdraw proposal

The powerful auto industry has reportedly forced Chairman Privatisation Commission (PC) Muhammad Zubair to withdraw a proposal meant to make mandatory for auto assemblers to change their models after every ten years, well informed sources told Business Re

Published 19 Apr, 2015 12:00am

Auto industry: Zubair forced to withdraw proposal

The powerful auto industry has reportedly forced Chairman Privatisation Commission (PC) Muhammad Zubair to withdraw a proposal meant to make mandatory for auto assemblers to change their models after every ten years, well informed sources told Business Re

Published 19 Apr, 2015 12:00am

Police shoot teenage protester dead in IHK

Indian police shot dead a 16-year-old boy on Saturday during an anti-India demonstration in held Kashmir as a strike shut down the Himalayan region on a second day of violent clashes, officials said. The uncle of the boy said police first detained his nep

Published 19 Apr, 2015 12:00am

Police shoot teenage protester dead in IHK

Indian police shot dead a 16-year-old boy on Saturday during an anti-India demonstration in held Kashmir as a strike shut down the Himalayan region on a second day of violent clashes, officials said. The uncle of the boy said police first detained his nep

Published 19 Apr, 2015 12:00am

Pakistan condemns terrorist attack

Pakistan on Saturday strongly condemned the terrorist attack in Jalalabad, Afghanistan, and also offered its help to the Afghan government to successfully fight terrorism. Prime Minister Nawaz Sharif, while condemning the terrorist attack, said that Pakis

Published 19 Apr, 2015 12:00am

Pakistan condemns terrorist attack

Pakistan on Saturday strongly condemned the terrorist attack in Jalalabad, Afghanistan, and also offered its help to the Afghan government to successfully fight terrorism. Prime Minister Nawaz Sharif, while condemning the terrorist attack, said that Pakis

Published 19 Apr, 2015 12:00am

IS claims deadly suicide attack: Ghani

The Islamic State group claimed responsibility for a suicide attack in Afghanistan Saturday that killed 33 people and wounded more than 100 others, President Ashraf Ghani said, in what appears to be the first major attack by the jihadists in the country.

Published 19 Apr, 2015 12:00am

IS claims deadly suicide attack: Ghani

The Islamic State group claimed responsibility for a suicide attack in Afghanistan Saturday that killed 33 people and wounded more than 100 others, President Ashraf Ghani said, in what appears to be the first major attack by the jihadists in the country.

Published 19 Apr, 2015 12:00am

An insurer cannot engage itself in self-insurance: SECP

The Securities and Exchange Commission of Pakistan (SECP) has declared that an insurance company can not engage in self-insurance by insuring its own assets and issuing different policies covering its head office, branches, machinery breakdown, fire, moto

Published 19 Apr, 2015 12:00am

An insurer cannot engage itself in self-insurance: SECP

The Securities and Exchange Commission of Pakistan (SECP) has declared that an insurance company can not engage in self-insurance by insuring its own assets and issuing different policies covering its head office, branches, machinery breakdown, fire, moto

Published 19 Apr, 2015 12:00am

An insurer cannot engage itself in self-insurance: SECP

The Securities and Exchange Commission of Pakistan (SECP) has declared that an insurance company can not engage in self-insurance by insuring its own assets and issuing different policies covering its head office, branches, machinery breakdown, fire, moto

Published 19 Apr, 2015 12:00am

Pak-Afghan cooperation a must to eliminate terrorism: Karimi

Chief of General Staff, Afghan National Army, General Sher Mohammad Karimi Saturday stressed on close co-operation between Pakistan and Afghanistan to completely root out the menace of terrorism from the region. Addressing the 132nd passing-out parade of

Published 19 Apr, 2015 12:00am

Pak-Afghan cooperation a must to eliminate terrorism: Karimi

Chief of General Staff, Afghan National Army, General Sher Mohammad Karimi Saturday stressed on close co-operation between Pakistan and Afghanistan to completely root out the menace of terrorism from the region. Addressing the 132nd passing-out parade of

Published 19 Apr, 2015 12:00am

Border security deal inked with Iran

After three days of intensive talks between Iran and Pakistan and at the end of the eighth Iran-Pakistan border security conference in Islamabad, the two sides inked an agreement on security co-operation, it was announced Saturday. According to Iranian ne

Published 19 Apr, 2015 12:00am

Border security deal inked with Iran

After three days of intensive talks between Iran and Pakistan and at the end of the eighth Iran-Pakistan border security conference in Islamabad, the two sides inked an agreement on security co-operation, it was announced Saturday. According to Iranian ne

Published 19 Apr, 2015 12:00am

Saudi vows to cover UN aid call for Yemen, keeps up air raids

Saudi Arabia pledged Saturday to cover the entire $274 million in humanitarian aid sought by the UN for conflict-torn Yemen, where a Saudi-led coalition has been bombing Shiite rebels for three weeks. The United Nations says hundreds of people have died a

Published 19 Apr, 2015 12:00am

Saudi vows to cover UN aid call for Yemen, keeps up air raids

Saudi Arabia pledged Saturday to cover the entire $274 million in humanitarian aid sought by the UN for conflict-torn Yemen, where a Saudi-led coalition has been bombing Shiite rebels for three weeks. The United Nations says hundreds of people have died a

Published 19 Apr, 2015 12:00am

President summons joint session of parliament on April 21

President Mamnoon Hussain, on the advice of Prime Minister Nawaz Sharif, has summoned joint session of the parliament on April 21. Chinese President Xi Jinping will address the joint session of the parliament, summoned at 9:25 AM on April 21. Sources said

Published 19 Apr, 2015 12:00am

President summons joint session of parliament on April 21

President Mamnoon Hussain, on the advice of Prime Minister Nawaz Sharif, has summoned joint session of the parliament on April 21. Chinese President Xi Jinping will address the joint session of the parliament, summoned at 9:25 AM on April 21. Sources said

Published 19 Apr, 2015 12:00am

Dual taxation, fiscal evasion: Islamabad, Beijing re-negotiating agreement

Pakistan and China are re-negotiating agreement for the avoidance of double taxation convention and the prevention of fiscal evasion with respect to taxes on income. Sources told Business Recorder Saturday that the revised convention may not be inked duri

Published 19 Apr, 2015 12:00am

Dual taxation, fiscal evasion: Islamabad, Beijing re-negotiating agreement

Pakistan and China are re-negotiating agreement for the avoidance of double taxation convention and the prevention of fiscal evasion with respect to taxes on income. Sources told Business Recorder Saturday that the revised convention may not be inked duri

Published 19 Apr, 2015 12:00am

Dual taxation, fiscal evasion: Islamabad, Beijing re-negotiating agreement

Pakistan and China are re-negotiating agreement for the avoidance of double taxation convention and the prevention of fiscal evasion with respect to taxes on income. Sources told Business Recorder Saturday that the revised convention may not be inked duri

Published 19 Apr, 2015 12:00am

President Xi due tomorrow: projects worth $45 billion may be signed

Chinese President Xi Jinping is arriving here on Monday on a two-day (April 20-21) state visit with a massive economic package. Both Pakistan and China are expected to sign $45 billion energy, communication and infrastructure projects during the Chinese P

Published 19 Apr, 2015 12:00am

President Xi due tomorrow: projects worth $45 billion may be signed

Chinese President Xi Jinping is arriving here on Monday on a two-day (April 20-21) state visit with a massive economic package. Both Pakistan and China are expected to sign $45 billion energy, communication and infrastructure projects during the Chinese P

Published 19 Apr, 2015 12:00am

President Xi due tomorrow: projects worth $45 billion may be signed

Chinese President Xi Jinping is arriving here on Monday on a two-day (April 20-21) state visit with a massive economic package. Both Pakistan and China are expected to sign $45 billion energy, communication and infrastructure projects during the Chinese P

Published 19 Apr, 2015 12:00am

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (January 2-March 31 2015)

Published 19 Apr, 2015 12:00am

The Weather

The weather report on Saturday (April 18, 2015) and the forecast for Sunday (April 19, 2015).

Published 19 Apr, 2015 12:00am

Lean business on grain market

A few changes were seen on the local grain Market on Saturday in the process of trading, dealers said. On the cereals side, Moong Punjab was down by Rs 10 to Rs 11740 and Moong Afghan, however, gained Rs 15 to Rs 12765, they said. On the seeds sector, cot

Published 19 Apr, 2015 12:00am

THE RUPEE: steadier trend

Further gains seen on the local currency market on Saturday as the rupee managed to pick up modestly against the dollar in the process of trading, dealers said.

Published 19 Apr, 2015 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (April 18, 2015).

Published 19 Apr, 2015 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (April 18, 2015).

Published 19 Apr, 2015 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 19 Apr, 2015 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (April 18, 2015).

Published 19 Apr, 2015 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 19 Apr, 2015 12:00am

Canadian canola futures jump

ICE Canadian canola futures jumped 1 percent on Friday, recouping a portion of their steep losses from the previous session on bargain buying and worries that dry conditions could hamper crop development in the Canadian Prairies.

Published 19 Apr, 2015 12:00am

Asian Sugar: Thai sugar premiums fall

Thai raw sugar premiums have fallen as subdued global prices, weak demand and rising supplies from top producer Brazil thwarted mills' efforts to clinch export deals, dealers said on Thursday.

Published 19 Apr, 2015 12:00am

US corn, soyabean bids steady to firm

US corn and soyabean basis bids were steady to firm on Friday afternoon after the slightly higher futures close, but merchandisers reported no pick-up in this week's slow farmer selling with most producers busy in fields planting corn.

Published 19 Apr, 2015 12:00am

Cotton market Rates firm up on sustained demand

Not much improvement was seen in the trading activity on Saturday as the sellers preferred to be on the sidelines mainly because of shortage of crop, dealers said. The official spot rate was unchanged at Rs 5300, dealers said. So, in the ready session, ar

Published 19 Apr, 2015 12:00am

Asian rice prices stable amid thin export demand

Asian rice prices were little changed this week, with export demand sluggish and Thai mills on an extended holiday, traders said on Thursday.

Published 19 Apr, 2015 12:00am

THE RUPEE: steadier trend

Further gains seen on the local currency market on Saturday as the rupee managed to pick up modestly against the dollar in the process of trading, dealers said.

Published 19 Apr, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 10	280.65
USD PKR Interbank Buying / Apr 10	280.45
USD to Japanese Yen / Apr 10	146.33
USD to Swiss Franc / Apr 10	0.85
Pound Sterling to USD / Apr 10	1.29
Euro to USD / Apr 10	1.10
UK LIBOR % / Apr 8	4.96

Stock	Volume
S&P 500 / Apr 9	5,456.90
India Sensex / Apr 9	73,847.15
Nasdaq / Apr 9	17,124.97
Dow Jones / Apr 9	40,608.45
Tokyo Nikkei / Apr 10	34,609
Hang Seng / Apr 10	20,681.78
FTSE 100 / Apr 10	7,991.30
Germany DAX 30 / Apr 10	20,795.81
France CAC40 / Apr 10	7,230.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 9	17,085
Gold 10 Grams PKR / Apr 9	275,205
Cotton US¢/pound / Apr 9	66.63
Crude Oil USD/Barrel / Apr 10	60.72
Gold Spot USD/Ounce / Apr 10	3,105.88
Petrol/Litre / Apr 11	254.63
Diesel/Litre / Apr 11	258.64

Stock	Price
Tri-Star Mutual / Apr 10 Tri-Star Mutual Fund Limited(TSMF)	8.10 ▲ 1 (14.08%)
Burj Clean Energy Modaraba / Apr 10 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9 ▲ 1 (12.5%)
Pak Agro Pack. (GEM) / Apr 10 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.85 ▲ 0.79 (11.19%)
Nazir Cotton Mills / Apr 10 Nazir Cotton Mills Limited(NCML)	11.84 ▲ 1.08 (10.04%)
Pak Gulf Leasing / Apr 10 Pak-Gulf Leasing Company Limited(PGLC)	17.79 ▲ 1.62 (10.02%)
Frontier Ceram / Apr 10 Frontier Ceramics Limited(FRCL)	24.59 ▲ 2.24 (10.02%)
Tandlianwala Sugar / Apr 10 Tandlianwala Sugar Mills Limited(TSML)	73.99 ▲ 6.73 (10.01%)
Sanghar Sugar / Apr 10 Sanghar Sugar Mills Limited(SANSM)	53.19 ▲ 4.84 (10.01%)
Sui South Gas / Apr 10 Sui Southern Gas Company Limited(SSGC)	39.13 ▲ 3.56 (10.01%)
Air Link Com. / Apr 10 Air Link Communication Limited(AIRLINK)	173.15 ▲ 15.74 (10%)

Stock	Price
JS Mom. Factor ETF / Apr 10 JS Momentum Factor ETF(JSMFETF)	11.69 ▼ -1.58 (-11.91%)
Premier Sugar / Apr 10 The Premier Sugar Mills(PMRS)	324 ▼ -36 (-10%)
Fateh Ind. / Apr 10 Fateh Industries Limited(FIL)	121.01 ▼ -11.82 (-8.9%)
Pak. P.V.C. / Apr 10 Pakistan PVC Limited(PPVC)	8.26 ▼ -0.74 (-8.22%)
Sardar Chemical / Apr 10 Sardar Chemical Industries Limited(SARC)	32.25 ▼ -2.41 (-6.95%)
Tri-Star Power / Apr 10 Tri-Star Power Limited(TSPL)	6.62 ▼ -0.42 (-5.97%)
Elahi Cot. / Apr 10 Elahi Cotton Mills Limited(ELCM)	128.80 ▼ -7.6 (-5.57%)
Gulshan Sp. / Apr 10 Gulshan Spinning Mills Limited(GSPM)	3.11 ▼ -0.18 (-5.47%)
Pak Gen.Ins. / Apr 10 The Pakistan General Insurance Co. Ltd.(PKGI)	9 ▼ -0.48 (-5.06%)
United Brands / Apr 10 United Brands Limited(UBDL)	22.09 ▼ -1.14 (-4.91%)

Stock	Volume
Cnergyico PK / Apr 10 Cnergyico PK Limited(CNERGY)	86,201,675 ▲ 0.18
K-Electric Ltd. / Apr 10 K-Electric Limited(KEL)	57,719,498 ▲ 0.34
Sui South Gas / Apr 10 Sui Southern Gas Company Limited(SSGC)	44,728,211 ▲ 3.56
Pak Int.Bulk / Apr 10 Pakistan International Bulk Terminal(PIBTL)	37,513,715 ▲ 0.76
Maple Leaf Cement / Apr 10 Maple Leaf Cement Factory Limited(MLCF)	20,991,880 ▲ 0.92
PIA Holding Co.Ltd / Apr 10 PIA Holding Company Limited(PIAHCLA)	20,463,930 ▼ -0.11
Pak Elektron / Apr 10 Pak Elektron Limited(PAEL)	20,122,690 ▲ 4.08
Fauji Cement / Apr 10 Fauji Cement Company Limited(FCCL)	19,229,506 ▲ 0.12
At-Tahur Ltd. / Apr 10 At-Tahur Limited(PREMA)	19,056,551 ▲ 3.8
WorldCall Telecom / Apr 10 Worldcall Telecom Limited(WTL)	16,620,477 ▲ 0.03

Most Popular