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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-07-10
Daily trading report of PMEX

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,972 million. The number of lots traded was 13.34 million. PMEX Commodity Index closed at 2,635. Major business was contributed by crude oil amounting to PKR 5,248 million followe
Published 10 Jul, 2015 12:00am
K-Electric: Senate body decides to conduct audit

K-Electric: Senate body decides to conduct audit

Senate Standing Committee on Water and Power headed by Senator Iqbal Zafar Jhagra on Thursday decided to conduct a performance audit of K-Electric through Auditor General of Pakistan aimed at judging the performance of the power utility. Senator Taj Haide
Published 10 Jul, 2015 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell roughly 2 percent on Tuesday on profit-taking after last week's contract highs and on concern about the health of the global economy, traders said. July canola closed down $10.40 at $532.10 per tonne. Open interest in the
Published 10 Jul, 2015 12:00am
CBOT wheat futures fall on technical selling

CBOT wheat futures fall on technical selling

Chicago Board of Trade wheat futures fell Wednesday on technical selling and indications that US wheat is not competitively priced on the world market, traders said. K.C. hard red winter and MGEX spring wheat futures followed the lower trend, although CBO
Published 10 Jul, 2015 12:00am
US natural gas futures down one percent

US natural gas futures down one percent

US natural gas futures ended down 1 percent on Tuesday after a day of see-saw trading in which the market reacted to news of declining production and expectations of steady demand. Front-month gas futures on the New York Mercantile Exchange closed down 4
Published 10 Jul, 2015 12:00am
European wheat futures fall

European wheat futures fall

European wheat futures fell on Wednesday to their lowest in more than a week as weakness in Chicago and the breaking of technical support pushed the market further away from 2015 highs hit last week on weather concerns. Cheaper offers of Black Sea grain i
Published 10 Jul, 2015 12:00am
Concern voiced over theft of KPT land

Concern voiced over theft of KPT land

A parliamentary panel on Thursday expressed its serious concern over irregular transfer and seizure of 1325 acres land of Karachi Port Trust (KPT) by encroachers. Performance Audit Report 2003-04 on Estate Management at KPT showed serious reservations ove
Published 10 Jul, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 105,432 tonnes of cargo comprising 91,193 tonnes of import cargo and 14,239 tonnes of export cargo including 3,864 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 91
Published 10 Jul, 2015 12:00am
Concern voiced over theft of KPT land

Concern voiced over theft of KPT land

A parliamentary panel on Thursday expressed its serious concern over irregular transfer and seizure of 1325 acres land of Karachi Port Trust (KPT) by encroachers. Performance Audit Report 2003-04 on Estate Management at KPT showed serious reservations ove
Published 10 Jul, 2015 12:00am
Firmness prevails amid moderate trade
Cotton

Firmness prevails amid moderate trade

Steadier trend was seen on the cotton market on Thursday prices maintained firmness despite increase in seed cotton arrivals, dealers said. The official spot rate was lower by Rs 50 Rs 4650, dealers said. Seed cotton prices in Sindh were down by Rs 50 to
Published 10 Jul, 2015 12:00am
Concern voiced over theft of KPT land

Concern voiced over theft of KPT land

A parliamentary panel on Thursday expressed its serious concern over irregular transfer and seizure of 1325 acres land of Karachi Port Trust (KPT) by encroachers. Performance Audit Report 2003-04 on Estate Management at KPT showed serious reservations ove
Published 10 Jul, 2015 12:00am
Continued decline of cotton prices
Cotton

Continued decline of cotton prices

Cotton market has continued to decline since the beginning of the arrival of new crop (August 2015 / July 2016) and the tendency remains weak. Continued difficulties being faced by the Pakistan textile industry including imposition of multiple and multifa
Published 10 Jul, 2015 12:00am
Afridi should resign: Imran

Afridi should resign: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday said KP Minister for Mines and Minerals Ziaullah Afridi, who was arrested by Khyber Pakhtunkhwa Ehtesab Commission on corruption charges, will have to resign from his post to clear himself of
Published 10 Jul, 2015 12:00am
Continued decline of cotton prices
Cotton

Continued decline of cotton prices

Cotton market has continued to decline since the beginning of the arrival of new crop (August 2015 / July 2016) and the tendency remains weak. Continued difficulties being faced by the Pakistan textile industry including imposition of multiple and multifa
Published 10 Jul, 2015 12:00am
Afridi should resign: Imran

Afridi should resign: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday said KP Minister for Mines and Minerals Ziaullah Afridi, who was arrested by Khyber Pakhtunkhwa Ehtesab Commission on corruption charges, will have to resign from his post to clear himself of
Published 10 Jul, 2015 12:00am
Grain market closed

Grain market closed

No change was seen on Thursday as the local commodity market was closed due to Youm-e-Ali.
Published 10 Jul, 2015 12:00am
Accountability heads north: incumbent, former KP ministers arrested

Accountability heads north: incumbent, former KP ministers arrested

Pakistan Tehreek-i-Insaf's (PTI) Minister for Mines and Minerals Ziaullah Afridi was arrested on Thursday by the province's Ehtesab Commission while former KP minister Nawabzada Mehmood was arrested by National Accountability Bureau (NAB). Both of them we
Published 10 Jul, 2015 12:00am
HRW wheat bids weaker

HRW wheat bids weaker

Spot cash basis bids for hard red winter wheat were steady to softer in the southern US Plains on Tuesday, reflecting a recent pickup in grain movement from the country, dealers said. But fresh farmer selling was slow as K.C. hard red winter wheat futures
Published 10 Jul, 2015 12:00am
Accountability heads north: incumbent, former KP ministers arrested

Accountability heads north: incumbent, former KP ministers arrested

Pakistan Tehreek-i-Insaf's (PTI) Minister for Mines and Minerals Ziaullah Afridi was arrested on Thursday by the province's Ehtesab Commission while former KP minister Nawabzada Mehmood was arrested by National Accountability Bureau (NAB). Both of them we
Published 10 Jul, 2015 12:00am
Vegetable oil prices fall in Europe
Vegetable Oil

Vegetable oil prices fall in Europe

Vegetable oil prices fell in Europe for a third consecutive day as markets continued to be weighed by uncertainty about the sharp decline in China's stock market and the financial crisis in Greece. Dealers said, however, a weaker dollar and rise in Chicag
Published 10 Jul, 2015 12:00am
US FOB Gulf soya, HRW wheat fall; corn flat

US FOB Gulf soya, HRW wheat fall; corn flat

US FOB Gulf soyabeans for new-crop shipments weakened for the second straight day as exporters continued to set-up harvest pricing while corn was unchanged in steady markets, traders said. FOB hard red winter wheat offers were marked 5 cents lower on good
Published 10 Jul, 2015 12:00am
Cotton closes at two-week low as speculator selloff continues
Cotton

Cotton closes at two-week low as speculator selloff continues

Benchmark cotton futures closed at their lowest level in two weeks on Wednesday as speculators continued to dial back a huge bullish stance and as demand concerns, particularly in top consumer China, lingered. "Speculators spent all the bullets they had w
Published 10 Jul, 2015 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper ended up 0.5 percent at 40,470 yuan ($6,520) a tonne on Thursday as short positions were covered, reversing the prior session's steep decline. "Metals direction will come down to how much the rout has hit broader sentiment
Published 10 Jul, 2015 12:00am
Copper gains on China equity rebound, concerns persist

Copper gains on China equity rebound, concerns persist

Copper prices rebounded further on Thursday from a six-year low hit in the previous session, as Beijing managed to halt panic selling in Chinese equities, though underlying worries about China's growth persisted. Beijing's increasingly frantic attempts to
Published 10 Jul, 2015 12:00am
Rubber jumps

Rubber jumps

Benchmark Tokyo rubber futures ended up 3.9 percent on Thursday, rising along with Shanghai futures, as bargain-hunting ensued with China's stock markets rebounding, brokers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubbe
Published 10 Jul, 2015 12:00am
Soyabeans rise, wheat sinks

Soyabeans rise, wheat sinks

US soyabean futures rose from a one-week low on Wednesday on bargain buying and renewed concerns about excessive rains hurting US production, while wheat tumbled on poor export demand. Corn futures ended near unchanged. Forecasts for more unwanted storms
Published 10 Jul, 2015 12:00am
Palm oil up

Palm oil up

Malaysian palm oil futures edged up on Thursday, recovering from the previous session's six-week low amid expectations of lower June production data and an uptick in Asian shares. Investors in the palm oil market are expecting the Malaysian Palm Oil Board
Published 10 Jul, 2015 12:00am
London cocoa at 2011 high

London cocoa at 2011 high

London cocoa futures on ICE rose to a more than four-year high on heavy volume on Thursday as fund buying buoyed prices, while raw sugar fell more than 3 percent in its biggest tumble in two months due to chart-based sell signals. Coffee futures nudged hi
Published 10 Jul, 2015 12:00am
Gold rises in New York

Gold rises in New York

Gold rose on Wednesday as the dollar softened, reversing after touching a four-month low as markets watched the tumble in Chinese stock markets and the unfolding Greek debt crisis. The price of the yellow metal did not react to the June US Federal Reserve
Published 10 Jul, 2015 12:00am
Gold jumps in Asia

Gold jumps in Asia

Gold climbed above four-month lows on Thursday as the dollar softened after minutes from the Federal Reserve's last meeting showed the central bank needed to see more signs of a strengthening US economy before raising interest rates. Gold pulled out of a
Published 10 Jul, 2015 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold rose on Thursday as a recovery in Chinese shares cooled fears of a wider rout in the major bullion consumer, and after minutes from the Federal Reserve's last meeting suggested caution towards a near-term increase in interest rates. Strength in the d
Published 10 Jul, 2015 12:00am
Japan's JX open to talks, could close a refinery

Japan's JX open to talks, could close a refinery

Japan's largest oil refiner, JX holdings, said it would be open to talks on a possible merger, with the government pushing for consolidation in an industry struggling as people switch to more efficient cars and as the country's population dwindles. The co
Published 10 Jul, 2015 12:00am
India's TCS reports strong profits on US, Europe deals

India's TCS reports strong profits on US, Europe deals

India's biggest IT outsourcing firm Tata Consultancy Services on Thursday reported better-than-expected quarterly profits on the back of growth in its key markets of the United States and Europe. The Mumbai-based company, commonly known as TCS, said in a
Published 10 Jul, 2015 12:00am
India's TCS reports strong profits on US, Europe deals

India's TCS reports strong profits on US, Europe deals

India's biggest IT outsourcing firm Tata Consultancy Services on Thursday reported better-than-expected quarterly profits on the back of growth in its key markets of the United States and Europe. The Mumbai-based company, commonly known as TCS, said in a
Published 10 Jul, 2015 12:00am
Thai economy can grow 3 percent this year: finance minister

Thai economy can grow 3 percent this year: finance minister

Thailand's economy can still grow 3 percent this year, though there were worries that economic problems in China could hurt exports, Finance Minister Sommai Phasee said on Thursday. China was the second biggest market for Thai exports during the first fiv
Published 10 Jul, 2015 12:00am
Australia's unemployment rate edges up

Australia's unemployment rate edges up

Australia's jobless rate inched up to 6.0 percent in June, official data showed Thursday, as more people entered the labour force and amid signs that companies were hiring additional workers. Some 7,300 jobs were added to the economy, according to the Aus
Published 10 Jul, 2015 12:00am
Bank of Korea cuts 2015 growth forecast for third time

Bank of Korea cuts 2015 growth forecast for third time

South Korea's central bank cut its 2015 economic growth forecast for the third time this year on Thursday, while keeping its benchmark interest rate unchanged at a record low of 1.5 percent. Citing sluggish exports and weak domestic consumption - exacerba
Published 10 Jul, 2015 12:00am
Cyprus lawmakers approve first casino resort

Cyprus lawmakers approve first casino resort

The Cyprus parliament passed legislation on Thursday paving the way for a first-ever casino resort in the government-held south of the Mediterranean island. There have long been casinos in the breakaway Turkish Cypriot north, but opposition from the influ
Published 10 Jul, 2015 12:00am
Canadian housing holds strength as rest of economy sags

Canadian housing holds strength as rest of economy sags

Canadian housing starts rose more than expected in June and new home prices climbed in May, reports showed on Thursday, suggesting Canada's long housing boom still has momentum even as the rest of the economy struggles. The Canadian Mortgage and Housing C
Published 10 Jul, 2015 12:00am
Kuwait fiscal reserves hit record $592 billion

Kuwait fiscal reserves hit record $592 billion

Kuwait's financial reserves defied a slump in oil prices to hit a record 179.2 billion dinars ($592 billion) at the end of the 2014-15 financial year, a report said Thursday. They grew by $53 billion in the year to March 31, Al-Qabas newspaper reported, c
Published 10 Jul, 2015 12:00am
Bank of England holds interest rate

Bank of England holds interest rate

The Bank of England on Thursday said it had voted to leave its main interest rate at a record-low 0.50 percent in the face of low inflation and steady growth. The nine-member Monetary Policy Committee also maintained the central bank's level of cash stimu
Published 10 Jul, 2015 12:00am
Ukraine offers huge state firms to foreign investors

Ukraine offers huge state firms to foreign investors

Ukraine said Thursday it would offer nearly 350 state firms for sale to foreign investors at an upcoming US conference aimed at saving the war-shattered country's imploding economy. The huge privatisation effort - due to kick off in October - hopes to rai
Published 10 Jul, 2015 12:00am
German trade surplus hits record high

German trade surplus hits record high

German exports rose at their fastest pace this year in May and the trade surplus hit a record high, boosting expectations that Europe's largest economy will pull off stronger growth in the second quarter after expanding modestly in the first. Seasonally a
Published 10 Jul, 2015 12:00am
US jobless claims rise to highest level since February

US jobless claims rise to highest level since February

New applications for US unemployment insurance benefits rose last week to their highest level since February, suggesting some slowdown in the labour market recovery. Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 297,0
Published 10 Jul, 2015 12:00am
EU's Tusk urges debt relief as part of Greek deal
Currency

EU's Tusk urges debt relief as part of Greek deal

The European Union's chairman joined growing international calls for Greece to be granted debt restructuring as part of any new loan deal if it delivers convincing reforms to avert imminent bankruptcy. The call was an implicit challenge to Germany, Athens
Published 10 Jul, 2015 12:00am
World food prices fall further in June

World food prices fall further in June

Global food prices fell in June, continuing an almost uninterrupted slide since April 2014, led by falling dairy and sugar prices, the United Nations food agency said on Thursday. The Food and Agriculture Organisation's (FAO) food price index, which measu
Published 10 Jul, 2015 12:00am
China consumer inflation rate rises to 1.4 percent in June

China consumer inflation rate rises to 1.4 percent in June

The consumer inflation rate in China rose to 1.4 percent in June, authorities said Thursday, though economists cautioned further stimulus was needed in the world's second-largest economy as upward price pressures remained subdued. The reading for the cons
Published 10 Jul, 2015 12:00am
Millions exit poverty, but only just barely

Millions exit poverty, but only just barely

Almost 700 million people rose out of abject poverty over the first decade of the century, but most of them remain locked at very low levels of income, a study released Wednesday showed. The Pew Research Center said that from 2001 to 2011 the world "witne
Published 10 Jul, 2015 12:00am
PepsiCo profit, revenue beat estimates
Currency

PepsiCo profit, revenue beat estimates

PepsiCo Inc reported better-than-expected quarterly profit and sales and recorded revenue growth in its Americas beverages business for just the second time in nearly four years, helped by higher demand and an increase in prices. The company also raised i
Published 10 Jul, 2015 12:00am
PepsiCo profit, revenue beat estimates
Currency

PepsiCo profit, revenue beat estimates

PepsiCo Inc reported better-than-expected quarterly profit and sales and recorded revenue growth in its Americas beverages business for just the second time in nearly four years, helped by higher demand and an increase in prices. The company also raised i
Published 10 Jul, 2015 12:00am
Russia's Rosneft signs deal to buy into India's Essar Oil

Russia's Rosneft signs deal to buy into India's Essar Oil

Russia's top oil producer Rosneft has taken a significant step towards expanding its global reach by signing a preliminary deal to acquire up to 49 percent in Essar Oil Ltd, India's second biggest private refiner. Rosneft had initially said it would buy i
Published 10 Jul, 2015 12:00am
Stronger oil and Yemen hopes boost Gulf markets; Egypt stabilizes

Stronger oil and Yemen hopes boost Gulf markets; Egypt stabilizes

Rebounding oil prices and hopes for a cease-fire in Yemen buoyed Gulf stock markets on Thursday, with several Saudi Arabian banks climbing after second-quarter earnings while Egypt stabilised after a plunging in recent weeks. Sentiment throughout the gulf
Published 10 Jul, 2015 12:00am
Early trade in New York: stocks surge as Chinese stocks recover

Early trade in New York: stocks surge as Chinese stocks recover

US stocks rose on Thursday as trading returned to normal at the New York Stock Exchange and Beijing's efforts to halt a rout in Chinese stocks lifted markets around the world. US stocks had fallen sharply on Wednesday as market turmoil in China, a rout in
Published 10 Jul, 2015 12:00am
Wall Street plummets on China fears

Wall Street plummets on China fears

US stocks ended sharply lower on Wednesday as market turmoil in China eclipsed Greece's debt crisis, while the New York Stock Exchange suffered a major outage. Fears that a rout in Chinese stocks could seriously harm the country's economy and spread beyon
Published 10 Jul, 2015 12:00am
Nikkei erases sharp losses

Nikkei erases sharp losses

Japanese stocks ended up on Thursday, pulling back from 3-month lows in volatile trade as China's markets stemmed their rout after Beijing slapped curbs on selling in the latest of a flurry of emergency measures to avert a full-blown crisis. The Nikkei av
Published 10 Jul, 2015 12:00am
Hong Kong stocks rebound

Hong Kong stocks rebound

Hong Kong stocks jumped on Thursday, snapping a four-day losing streak, as mainland Chinese stocks rebounded after a flurry of rescue measures from the Chinese government. The Hang Seng index rose 3.7 percent to end at 24,392.79 points, its biggest one-da
Published 10 Jul, 2015 12:00am
Indian stocks down

Indian stocks down

Indian shares ended marginally lower on Thursday, falling for a third consecutive session as wary investors shied away from IT stocks ahead of Tata Consultancy Services Ltd's earnings. Both the BSE index and the NSE index ended the day 0.41 percent lower.
Published 10 Jul, 2015 12:00am
European shares rise

European shares rise

European shares rose on Thursday, supported by miners after a rally in metals and Chinese stocks, while some investors were betting Greece's creditors will look positively at reform proposals and finally agree a debt deal. The pan-European FTSEurofirst 30
Published 10 Jul, 2015 12:00am
SE Asian markets: Malaysia snaps falling trend

SE Asian markets: Malaysia snaps falling trend

Southeast Asian stock markets were mixed on Thursday, with the Malaysian benchmark ending three days of losses ahead of the central bank's decision to hold rates steady, while Indonesian large caps retreated amid selling led by foreign investors. Malaysia
Published 10 Jul, 2015 12:00am
FTSE bounces after solid updates from AB Foods, Barratt

FTSE bounces after solid updates from AB Foods, Barratt

Britain's top equity index moved further away from this week's six-month lows on Thursday, lifted by well-received results from Associated British Foods and Barratt Developments. AB Foods, the owner of Primark, gained 5.1 percent to 3,082 pence to be the
Published 10 Jul, 2015 12:00am
China stems stocks rout, but market faces lengthy hangover

China stems stocks rout, but market faces lengthy hangover

Beijing's increasingly frantic attempts to stem a stock market rout were finally rewarded as Chinese shares bounced around 6 percent on Thursday, but the costs of heavy-handed state intervention are likely to weigh on the market for a long time. The rebou
Published 10 Jul, 2015 12:00am
Yen gives up gains in Asia
Currency

Yen gives up gains in Asia

The yen surrendered some of its gains on Thursday as a smidgen of stability returned to recently volatile Chinese stock markets, and investors locked in gains after the Japanese currency's biggest one-day rally against the greenback this year. The dollar
Published 10 Jul, 2015 12:00am
Yen retreats, Aussie gains in Europe
Currency

Yen retreats, Aussie gains in Europe

The yen surrendered some of this week's gains and the Australian dollar gained on Thursday after Chinese stocks showed signs of stemming a rout that has rippled through global markets. The 6 percent gain in Shanghai shares was enough to prompt some optimi
Published 10 Jul, 2015 12:00am
Early trade in New York: Yen, Swiss franc slide
Currency

Early trade in New York: Yen, Swiss franc slide

The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded and worries about Greece eased somewhat as Europe awaited reform proposals from the debt-burdened country to back its request for another three-year loan. The 6 percent gai
Published 10 Jul, 2015 12:00am
Yen advances against dollar in New York
Currency

Yen advances against dollar in New York

The yen rose to a seven-week high against the dollar on Wednesday, as investors bought the Japanese currency for safety, spooked by plunging Chinese stocks and the still unresolved Greek debt crisis. The low-yielding yen, used as a funding currency to buy
Published 10 Jul, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).
Published 10 Jul, 2015 12:00am
Sri Lankan rupee steady
Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady for a fifth straight session on Thursday as demand for more dollars by importers was offset by selling of the greenback at 133.60 by banks and exporters, dealers said. One of the state-owned banks, through which the centr
Published 10 Jul, 2015 12:00am
China's stock rebound lifts Asia FX
Currency

China's stock rebound lifts Asia FX

Most emerging Asian currencies rebounded on Thursday as Chinese stocks turned higher, easing concerns over its market rout for now, while Malaysia's ringgit edged up as authorities again intervened to prop up the regiona's worst-performing unit. Chinese s
Published 10 Jul, 2015 12:00am
Egyptian pound steady
Currency

Egyptian pound steady

Egypt's central bank held the Egyptian pound steady at 7.73 to the dollar at a foreign exchange auction on Thursday following a depreciation over the past week, while the currency weakened on the parallel market. The central bank said it had offered $40 m
Published 10 Jul, 2015 12:00am
Sterling soars vs dollar, euro
Currency

Sterling soars vs dollar, euro

Sterling inched up from a one-month low on Thursday, drawing some support from a British budget bill that was not as fiscally tight as many investors had expected, as well as strong numbers from the housing market. The pound was unmoved by the Bank of Eng
Published 10 Jul, 2015 12:00am
Aussie, New Zealand dollar perk up

Aussie, New Zealand dollar perk up

The Australian and New Zealand dollars staged a rebound on Thursday as investors took heart after Chinese stocks showed some tentative signs of stemming a rout that has rippled through global markets. Both Antipodean currencies, particularly the Aussie, a
Published 10 Jul, 2015 12:00am
Bangladesh upbeat for South Africa ODIs

Bangladesh upbeat for South Africa ODIs

A fast-improving Bangladesh are confident of upsetting another of world cricket's powerhouses on home turf when they take on South Africa in a three-match ODI series starting on Friday. Although Bangladesh suffered a 2-0 reverse in the recent Twenty20 ser
Published 10 Jul, 2015 12:00am
Brazil legend Carlos signs up for India's ISL

Brazil legend Carlos signs up for India's ISL

Brazilian football legend Roberto Carlos will don his boots again after signing up Thursday as the marquee player for the Indian Super League's second season, three years after his last competitive match. The World Cup winner signed a contract with the De
Published 10 Jul, 2015 12:00am
Qatar awards World Cup stadium contract to Italian firm

Qatar awards World Cup stadium contract to Italian firm

Qatar has awarded Italian firm Salini Impregilo a 770-million-euro ($859 million) contract to build and operate a stadium for the 2022 World Cup, the company said Thursday. The company will build Al Bayt stadium in al-Khor city, north of Doha, shaped afte
Published 10 Jul, 2015 12:00am
FIFA bans Chuck Blazer for life

FIFA bans Chuck Blazer for life

Former FIFA executive committee member Chuck Blazer, a key figure in a US investigation into corruption by soccer officials, on Thursday was banned for life from football activities by the sport's governing body. Blazer, who in 2013 secretly pleaded guilt
Published 10 Jul, 2015 12:00am
US Consulate organises sport clinic for girls hockey players

US Consulate organises sport clinic for girls hockey players

Some 30 hockey players demonstrated their mettle in an exciting sports clinic followed by a hard-fought match. The sport clinic was organised by US Consulate. Among those supporting the young athletes was Islahuddin Siddiqui, captain of Pakistan's 1978 Wo
Published 10 Jul, 2015 12:00am
Australia to host India in ODI/twenty20 series in January

Australia to host India in ODI/twenty20 series in January

World champions Australia will host India in five one-day internationals and three Twenty20 internationals in January, it was announced Thursday. Cricket Australia (CA) said it wanted to build on the success of the World Cup co-hosted with New Zealand ear
Published 10 Jul, 2015 12:00am
Shield game in New Zealand for first time

Shield game in New Zealand for first time

A domestic Sheffield Shield match will be played outside Australia for the first time when New South Wales face Western Australia in New Zealand next year, Cricket Australia said on Thursday. The four-day Shield competition has been running since 1892-93
Published 10 Jul, 2015 12:00am
India to play three Tests in Sri Lanka

India to play three Tests in Sri Lanka

Virat Kohli's India will play three Test matches in Sri Lanka next month, the cricket board said on Thursday, marking the final series for the home team's batting great Kumar Sangakkara. The Indian team will arrive in Colombo on August 3 and start the tou
Published 10 Jul, 2015 12:00am
India fringe players hope to star in Zimbabwe

India fringe players hope to star in Zimbabwe

India's fringe players will have the opportunity to showcase their talents when they take on an improving Zimbabwe side in a three-match one-day international series, which starts on Friday. With India resting seven players for the tour, including one-day
Published 10 Jul, 2015 12:00am
Serena, Muguruza into Wimbledon final
Kerb

Serena, Muguruza into Wimbledon final

World number one Serena Williams and unheralded Spaniard Garbine Muguruza will slug it out for the Wimbledon title after taking contrasting paths to Saturday's final. Williams took just 79 minutes to demolish Maria Sharapova 6-2, 6-4 on Centre Court on Th
Published 10 Jul, 2015 12:00am
Moeen Ali stars as Australia struggle in Ashes opener

Moeen Ali stars as Australia struggle in Ashes opener

England's Moeen Ali starred with both bat and ball on the second day of the first Ashes Test against Australia at Sophia Gardens on Thursday. Ali scored a quickfire 77 in England's first innings 430 - the first time in three Ashes series they had passed 4
Published 10 Jul, 2015 12:00am
14 killed in clashes in Libya's Benghazi

14 killed in clashes in Libya's Benghazi

At least 14 people were killed in battles in Libya's second city Benghazi between militiamen and forces loyal to the internationally recognised government, hospital officials said on Thursday. The fighting erupted Wednesday morning in the centre of the ci
Published 10 Jul, 2015 12:00am
Global powers desperate for Iran nuclear deal close

Global powers desperate for Iran nuclear deal close

Global powers sought Thursday to ramp up pressure on Iran as they struggled to strike a long-sought nuclear accord, with one Iranian official admitting "God only knows" if a deal was close. With speculation rife about the fate of the tough negotiations, U
Published 10 Jul, 2015 12:00am
India top court orders federal probe into job scandal

India top court orders federal probe into job scandal

India's top court Thursday ordered a federal investigation into a cash for jobs scandal after a spate of recent deaths fuelled claims of a mass cover-up by a state government. The Supreme Court ordered the Central Bureau of Investigation (CBI) to investig
Published 10 Jul, 2015 12:00am
Liberia announces two new Ebola cases

Liberia announces two new Ebola cases

Two more people have been infected by Ebola in Liberia, the government said Thursday, sparking fears that an epidemic which killed thousands before being eradicated is gaining a hold once again. The west African nation announced on June 30 that a 17-year-
Published 10 Jul, 2015 12:00am
World Bank urges 'substantial' pre-2020 climate funds

World Bank urges 'substantial' pre-2020 climate funds

Putting money on the table for pre-2020 climate adaptation projects in poor countries, may help unlock an ambitious global pact in December, a senior World Bank official said Thursday. Commitments of cash for the coming five years would boost goodwill fro
Published 10 Jul, 2015 12:00am
Rajapakse seeks assembly seat

Rajapakse seeks assembly seat

Sri Lanka's former leader Mahinda Rajapakse Thursday applied to be a candidate in upcoming parliamentary elections seven months after his defeat in a presidential poll. Rajapakse, 69, signed nomination papers to stand in the August 17 election as a member
Published 10 Jul, 2015 12:00am
South Carolina lawmakers OK removal of Confederate flag

South Carolina lawmakers OK removal of Confederate flag

The controversial Confederate flag will soon be gone from the grounds of South Carolina's state house after lawmakers voted early Thursday to remove it, in a stunning reversal prompted by a mass shooting at a black church. In a pre-dawn vote capping hours
Published 10 Jul, 2015 12:00am
Merkel promises help to fragile Bosnia on long path to EU

Merkel promises help to fragile Bosnia on long path to EU

German Chancellor Angela Merkel said on Thursday that Germany would help Bosnia, the last country in the queue of Western Balkan hopefuls to join the EU, to speed up an accession bid long delayed by internal political bickering. "In Bosnia we see problems
Published 10 Jul, 2015 12:00am
Hong Kong braces as tropical storm approaches

Hong Kong braces as tropical storm approaches

Two typhoons and a tropical storm were swirling around the coasts of China and Japan Thursday with Hong Kong preparing to batten down for strong winds and rain. Severe Tropical Storm Linfa, packing maximum wind speeds of up to 110 kilometres (68 miles) pe
Published 10 Jul, 2015 12:00am
Protests in Ghana over increasing cost of living
Currency

Protests in Ghana over increasing cost of living

Hundreds of workers took to the streets in Ghana on Thursday to protest against the increased cost of living as union leaders warned the country's economic woes were reaching a crisis point Protesters in the industrial city of Tema, 25 kilometres (16 mile
Published 10 Jul, 2015 12:00am
Turkey sentences two soldiers to life

Turkey sentences two soldiers to life

A Turkish military court handed down life sentences to two former soldiers over the 2011 killing of conscript Ugur Kantar, who was tortured to death while serving in the breakaway Turkish Republic of Northern Cyprus, reports said Thursday. Kantar lost his
Published 10 Jul, 2015 12:00am
Londoners suffer as strike shuts Tube

Londoners suffer as strike shuts Tube

A 24-hour strike by staff and drivers brought the British capital's underground rail network to a halt and left millions of Londoners struggling to get to work on Thursday. London Underground's bosses said no trains would run all day on the Tube, as the w
Published 10 Jul, 2015 12:00am
Chinese premier again blasts lazy officials as corrupt

Chinese premier again blasts lazy officials as corrupt

Chinese Premier Li Keqiang has again expressed his frustration with officials who are ignoring orders to reduce bureaucracy amid an economic slowdown, blasting them for being little better than the corrupt cadres the government is trying to root out. Li h
Published 10 Jul, 2015 12:00am
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