News Archives for Print - 2015-08-16

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 15, 2015).

Published 16 Aug, 2015 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 15, 2015).

Published 16 Aug, 2015 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (August 15, 2015).

Published 16 Aug, 2015 12:00am

Currency

The rupee fell modestly against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee shed modestly in terms of the dollar for buying and selling at Rs 103.00 and Rs 103.20, respectively. The local currency slipped

Published 16 Aug, 2015 12:00am

Currency

THE RUPEE: slight fall

The rupee fell modestly against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee shed modestly in terms of the dollar for buying and selling at Rs 103.00 and Rs 103.20, respectively. The local currency slipped

Published 16 Aug, 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 (August 15, 2015).

Published 16 Aug, 2015 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (August 15, 2015).

Published 16 Aug, 2015 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (August 15, 2015).

Published 16 Aug, 2015 12:00am

Ukraine exports 800,000 tonnes of grain to China

Ukraine, one of the top global grain exporters, has supplied about 800,000 tonnes of grain to China so far this year, in line with a loan-for-grains deal signed in 2012, a Ukrainian deputy agriculture minister said on Tuesday. Yaroslav Krasnopolsky told a

Published 16 Aug, 2015 12:00am

Bangladesh tea prices fall

Tea prices in Bangladesh fell for a fourth straight session at the weekly auction on Tuesday as volumes hit the highest in the season so far, but demand for quality leaf capped the slide. Bangladeshi tea fetched an average 192.10 taka ($2.5) per kg at the

Published 16 Aug, 2015 12:00am

Cotton

Falling trend on grain market

A declining trend was witnessed on the grain market on Saturday due to less buying interest among buyers, dealers said. On the rice sector, Irri-6 Sindh low type was lower by Rs 100 to Rs 2825 and the best quality shed Rs 50 to Rs 2900, other types held t

Published 16 Aug, 2015 12:00am

US natural gas futures fall on big storage build

US natural gas futures lost 5 percent on Thursday, the biggest percentage loss since March, on a bigger-than-expected storage build during a week that was warmer than normal. The US Energy Information Administration said utilities put 65 billion cubic fee

Published 16 Aug, 2015 12:00am

Philippines set to miss 2015 rice production target

The Philippines is set to miss its 2015 target for rice output after dry weather hurt the first-half harvest, raising the prospect of increased imports to boost stocks ahead of forecast stronger El Nino weather conditions. Unmilled rice output this year i

Published 16 Aug, 2015 12:00am

US FOB Gulf corn, soyabean offers steady

US corn and soyabean export premiums at the Gulf Coast were generally steady on Thursday as a sharp drop in futures prices this week stoked demand but US supplies continue to face stiff competition from South American exporters, traders said. Chicago Boar

Published 16 Aug, 2015 12:00am

Cotton

Oil cake market rates

The December maintained an upward trend on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December vaida closed at Rs 1302.50 and it rose by 30 paisa at Rs 1302.80 in the early session, dealers said.

Published 16 Aug, 2015 12:00am

Cotton

Cotton market: rates of fine type up on several factors

Prices went up on the cotton market on Saturday mainly because of surge in the NY cotton futures and along with other several factors, dealers said. The official spot rate was higher by Rs 50 to Rs 4,550, dealers said. Seed cotton prices in Sindh were hig

Published 16 Aug, 2015 12:00am

Asian gasoil crack recovers but supplies remain ample

Asia's gasoil crack recovered 7.2 percent to $11.70 a barrel on Tuesday, supported by stronger crude prices. But gasoil supplies of benchmark grade 500ppm persisted at high levels, traders said. Talk of possible run cuts could also have given the crack a

Published 16 Aug, 2015 12:00am

Chinese iron ore jumps to 5-week high

Iron ore futures in China jumped nearly 4 percent on Thursday to their highest in more than five weeks, extending recent gains on hopes stronger steel exports from China due to a weaker yuan would support demand for the raw material. Also aiding sentiment

Published 16 Aug, 2015 12:00am

US Midwest soyabean bids fall on poor demand

Spot basis bids for soyabeans fell across the US Midwest on Thursday, weighed down by poor demand and the prospects for a huge crop in the fall boosting supplies, grain dealers said. Some maintenance shutdowns cut into the need for supplies at soyabean pr

Published 16 Aug, 2015 12:00am

Thai government sells 430,000 tonnes of rice from state stocks

Thailand's military government has sold 426,977 tonnes of rice from state stocks to 47 local buyers, a Commerce Ministry official said on Tuesday, continuing efforts to offload rice accumulated under a previous government's subsidy scheme. Some 668,000 to

Published 16 Aug, 2015 12:00am

Russian grain crop outlook seen brighter on favourable weather

SovEcon, a leading Russian agriculture consultancy, has upgraded its forecast for the 2015 grain crop and the agriculture ministry said it could raise its estimate due to favourable crop weather. Russia, a large wheat exporter to North Africa and the Midd

Published 16 Aug, 2015 12:00am

Indian rubber output likely to sink

India's natural rubber production is likely to sink as much as 15 percent to its lowest in nearly two decades as farmers suspend tapping due to falling prices, rubber and tyre industry officials said. Combined with growing local demand, that could force t

Published 16 Aug, 2015 12:00am

Asian naphtha crack slips to two-session low

Asia's naphtha crack slipped to a two-session low of $91.80 a tonne, weighed down by higher Brent crude and largely muted demand from South Korea as no open tenders were seen this week. Taiwan's Formosa Petrochemical Corp on the other hand has bought arou

Published 16 Aug, 2015 12:00am

Currency

Asia coffee sales to pick up on weakening currencies

Sales of Vietnamese and Indonesian coffee are expected to pick up soon on the back of weakening currencies in top robusta producing nations, traders said on Thursday. Lower shipments in Vietnam, the world's biggest robusta producer, have added to a 6.2 pe

Published 16 Aug, 2015 12:00am

Currency

China's gold demand seen holding up

China's gold demand this year is expected to at least hold steady with last year at just under 1,000 tonnes and will not likely be dented by this week's currency devaluation, the World Gold Council (WGC) said. Yuan-denominated gold prices in China, the wo

Published 16 Aug, 2015 12:00am

EU wheat harvest makes progress in better weather

Wheat harvesting has made rapid progress in the last week in leading European Union producers and some crop forecasts are being raised, analysts said on Thursday. In the EU's biggest wheat producer France, harvesting is virtually finished, with a consensu

Published 16 Aug, 2015 12:00am

Myanmar farmers need help replanting rice after floods: UN

Farmers in flood-hit Myanmar face a scramble to replant damaged paddy fields in the next two weeks to avoid food shortages, and aid efforts in some of the country's hardest hit areas remain a challenge, the United Nations said on Saturday. More than 1.3 m

Published 16 Aug, 2015 12:00am

Strong rains threaten 8.0 percent of Argentine wheat area: exchange

Fierce storms in Argentina's Pampas farm belt have inundated 300,000 hectares of recently-planted wheat, or 8.0 percent of the area estimated to have been planted with the grain this year, the Buenos Aires Grains Exchange said on Thursday. The South Ameri

Published 16 Aug, 2015 12:00am

Kazakhstan ups 2015-2016 grain export forecast to 8 million tones

Kazakhstan, Central Asia's largest grain producer and exporter, has raised its grain export forecast for the 2015/16 marketing year by 1 million tonnes to 8 million tonnes, the Agriculture Ministry said on Wednesday. Kazakhstan, which traditionally export

Published 16 Aug, 2015 12:00am

Cotton

ICE world cotton contract to begin trading in November

Intercontinental Exchange's world cotton futures contract will begin trading on November 2, 2015, pending regulatory approval, the exchange said on Tuesday, announcing the long-awaited launch of a contract that has met a series of hurdles. Merchants have

Published 16 Aug, 2015 12:00am

Brazil's 2015-16 cane crush view little changed at 655.1 million tonnes

Brazil's 2015/16 total cane crush should reach 655.1 million tonnes, little changed from April's projection of 654.6 million tonnes, Brazil's crop forecast agency Conab said on Thursday. Brazil's 2015/16 center-south sugar output was projected at 33.7 mil

Published 16 Aug, 2015 12:00am

Currency

CBOT soybeans fall on improving US weather, prospects

Soybean futures on the Chicago Board of Trade fell Friday for the fifth session in the last six as forecasts for welcome rains next week in the US Midwest bolstered crop prospects, traders said. The forecasts pressed a market still reeling from worries ab

Published 16 Aug, 2015 12:00am

Citigroup lowers base case 2015, 2016 crude oil price outlook

Citigroup Inc lowered its base case price outlook for 2015 and 2016 crude oil prices citing weak market fundamentals, including an increased supply from Opec and challenging demand growth in China and emerging markets. "Huge crude and product inventories

Published 16 Aug, 2015 12:00am

Russian grain exports seen competitive despite higher transport costs

Russian grain exports are poised to remain competitive thanks to a weaker rouble, despite transport costs that have been inflated by tougher controls on truck weight in the last two weeks, analysts said on Friday. Russia, one of the world's key wheat expo

Published 16 Aug, 2015 12:00am

Cotton

Egypt's cotton U-turn highlights wider policymaking problems

Standing waist deep in a cotton field, Egyptian farmer Mohamed Khalil cannot mask his anger; after the agriculture ministry banned cotton imports to help local producers, the cabinet abruptly vetoed the idea - the latest in a series of economic policy U-t

Published 16 Aug, 2015 12:00am

Currency

Commodities track China's currency action

Oil and base metals prices, already hit by oversupply and sagging demand, suffered a fresh blow this week as China shocked markets by devaluing its currency. But gold and other precious metals managed to rise over the week.

Published 16 Aug, 2015 12:00am

Sulzer CEO exits as company cuts hundreds of jobs

Swiss pumpmaker Sulzer AG said Chief Executive Klaus Stahlmann is leaving the company "with immediate effect" as it cuts hundreds of jobs amid a slump in demand from the oil and gas industry. Stahlmann will be replaced temporarily by Chief Financial Offic

Published 16 Aug, 2015 12:00am

Exxon to close lube oil plant at Beaumont refinery in 2016

Exxon Mobil Corp plans to permanently close the lube oil production plant at its Beaumont, Texas, refinery in the second quarter of 2016, according to a company spokesman. Sources familiar with Exxon's plans said the lube plant, which includes two furfura

Published 16 Aug, 2015 12:00am

Currency

Euro zone growth's momentum weakening; inflation to hit target in 2017

Euro zone economic growth has slowed since the start of the year and inflation probably won't reach the European Central Bank's 2 percent target ceiling until at least 2017, a Reuters poll found. The predictions come after six months of European Central B

Published 16 Aug, 2015 12:00am

Currency

Malaysia's Petronas profit down 47 percent on oil weakness

Malaysian state energy firm Petronas said Friday its second-quarter profit plunged 47 percent, warning of "unrelenting" difficulty as lower world oil prices hit the company's bottom line. Net profit at Malaysia's only Fortune 500 company for the three mon

Published 16 Aug, 2015 12:00am

Currency

Malaysia's Petronas profit down 47 percent on oil weakness

Malaysian state energy firm Petronas said Friday its second-quarter profit plunged 47 percent, warning of "unrelenting" difficulty as lower world oil prices hit the company's bottom line. Net profit at Malaysia's only Fortune 500 company for the three mon

Published 16 Aug, 2015 12:00am

Ryanair in talks on first interlining deals with long-haul carriers

Ryanair is in talks with British Airways owner International Airlines Group and Aer Lingus about providing transfer connections for its rivals' long-haul services for the first time in its 30-year history, Chief Executive Michael O'Leary told Reuters. The

Published 16 Aug, 2015 12:00am

Uncertainty over IMF role in Greek rescue raises risks for Merkel

German Chancellor Angela Merkel will ask lawmakers to back an 86 billion euro ($95.5 billion) bailout for Greece at a special session of parliament on Wednesday despite uncertainty about whether the International Monetary Fund (IMF) is on board. Parliamen

Published 16 Aug, 2015 12:00am

Swatch to open own-brand stores in India

Swatch Group plans to open between 30 and 40 shops in India after receiving permission from the country's commerce ministry, the Swiss jewelry and watchmaker said on Tuesday. The Swatch-branded stores will open over the next three years in a country where

Published 16 Aug, 2015 12:00am

Kuwait approves $10 billion infrastructure projects

Kuwait has approved the construction of a series of power plants, desalination facilities and other infrastructure projects worth a total of around 3 billion Kuwaiti dinars ($9.9 billion), the finance ministry said on Saturday. Like neighbouring Gulf coun

Published 16 Aug, 2015 12:00am

Lenovo quarterly revenue misses expectations, announces cuts

Lenovo Group Ltd missed quarterly revenue expectations on Thursday and said it plans to lay off about 10 percent of its global non-manufacturing workforce, after posting a steep sales decline in its mobile division. The world's No 1 PC maker said it plans

Published 16 Aug, 2015 12:00am

Carlyle offers to pay up to $204 million for Brazil's Tempo

Carlyle Group LP offered to buy Brazilian specialized assistance provider Tempo Participa??es SA for up to 718 million reais ($204 million) in what may be the private equity firm's second deal in the country this year. Under terms of the plan, which was u

Published 16 Aug, 2015 12:00am

Buffett's biggest deal casts light on pension burden

Growing pension obligations at Precision Castparts Corp, which Berkshire Hathaway has agreed to buy for $32 billion, highlight an issue that large US corporations still face, almost a decade into a low-interest rate environment. Berkshire's boss, Warren B

Published 16 Aug, 2015 12:00am

Currency

US automakers, fund managers looking past China's devaluation

For many US companies and investors, the volatility in world markets this week, following Beijing's surprise currency devaluation, presents the challenge of balancing the country's current uncertain economic prospects against the hope for long term growth

Published 16 Aug, 2015 12:00am

Brazil Treasury suspends new debt requests by states

Brazil's Treasury asked state governments to halt requests for new loans to avoid lifting its overall debt which is being closely watched by credit rating agencies that have threatened to take away the country's coveted investment grade rating, the financ

Published 16 Aug, 2015 12:00am

Brazil Treasury suspends new debt requests by states

Brazil's Treasury asked state governments to halt requests for new loans to avoid lifting its overall debt which is being closely watched by credit rating agencies that have threatened to take away the country's coveted investment grade rating, the financ

Published 16 Aug, 2015 12:00am

Cyprus posts growth for second successive quarter: state figures

Bailed-out EU member Cyprus is easing out of recession, official figures showed Friday, as the Mediterranean resort island notched up its second consecutive quarter of growth. Seasonally adjusted data showed that the economy grew 0.5 percent in the second

Published 16 Aug, 2015 12:00am

Currency

China gold reserves up more than 19 tonnes in July

China's gold reserves rose by more than 19 tonnes in July, the official Xinhua news agency said Saturday, after the central bank last month gave the statistic for the first time in six years. Bullion holdings stood at 1,677.30 tonnes at the end of July, X

Published 16 Aug, 2015 12:00am

Hedge funds pulled back ahead of Chinese turmoil

A group of prominent private investors appears to have avoided some of the pain caused by recent market turmoil in China. According to regulatory filings this week, some hedge fund managers reduced exposure to Chinese companies such as Alibaba Group Holdi

Published 16 Aug, 2015 12:00am

Hedge funds pulled back ahead of Chinese turmoil

A group of prominent private investors appears to have avoided some of the pain caused by recent market turmoil in China. According to regulatory filings this week, some hedge fund managers reduced exposure to Chinese companies such as Alibaba Group Holdi

Published 16 Aug, 2015 12:00am

Adidas buys warehouse in Russia for up to $100 million

German sportswear maker Adidas has bought a warehouse outside Moscow in a deal which real estate market sources and property consultants estimated at $70 million to $100 million. The move is a gesture of confidence in Russia despite the country's deterior

Published 16 Aug, 2015 12:00am

Glencore cuts 2015 spending forecast, devalues Chad assets

The Swiss mining and commodities giant Glencore on Thursday announced further spending cuts for 2015 and a reduction in the value of its Chad operation due to low crude prices. The company, which reported its half-year commodity production results, said i

Published 16 Aug, 2015 12:00am

Germans borrow more as Merkel urges Europe to spend carefully

While Chancellor Angela Merkel's focus on careful spending as a cure for the euro zone's debt problems has made her popular at home, German consumers are borrowing more to finance everything from furniture to cars. Germans, traditionally a nation of debt-

Published 16 Aug, 2015 12:00am

Currency

Increasingly cheap Chinese steel concern for Europe

Increasingly unfair competition from cheap Chinese exports is a concern for European steel companies, Europe's steel industry body Eurofer said, after Chinese steel producers cut export prices. Chinese steel makers cut prices in response to Beijing's move

Published 16 Aug, 2015 12:00am

Currency

Hugo Boss shareholder says group will boost presence in China

German fashion house Hugo Boss will expand its presence in China, key shareholder Gaetano Marzotto said in an interview in newspaper Welt am Sonntag. Despite slowing growth in the world's second-largest economy, Marzotto told the paper that he saw the pot

Published 16 Aug, 2015 12:00am

Currency

Hugo Boss shareholder says group will boost presence in China

German fashion house Hugo Boss will expand its presence in China, key shareholder Gaetano Marzotto said in an interview in newspaper Welt am Sonntag. Despite slowing growth in the world's second-largest economy, Marzotto told the paper that he saw the pot

Published 16 Aug, 2015 12:00am

George Soros sells off most of his Alibaba stocks

American billionaire George Soros's fund has sold most of its stake in the Chinese e-commerce giant Alibaba, according to regulatory filings Friday. In its quarterly statement to the US Securities and Exchange Commission, Soros Funds Management said that

Published 16 Aug, 2015 12:00am

George Soros sells off most of his Alibaba stocks

American billionaire George Soros's fund has sold most of its stake in the Chinese e-commerce giant Alibaba, according to regulatory filings Friday. In its quarterly statement to the US Securities and Exchange Commission, Soros Funds Management said that

Published 16 Aug, 2015 12:00am

New Zealand's Carter Holt Harvey trims IPO plan

New Zealand wood products company Carter Holt Harvey (CHH), owned by the country's richest man, Graeme Hart, on Friday said it had revived a plan for a share float but has trimmed its scope and excluded Australian assets. CHH put an offer estimated to be

Published 16 Aug, 2015 12:00am

New Zealand's Carter Holt Harvey trims IPO plan

New Zealand wood products company Carter Holt Harvey (CHH), owned by the country's richest man, Graeme Hart, on Friday said it had revived a plan for a share float but has trimmed its scope and excluded Australian assets. CHH put an offer estimated to be

Published 16 Aug, 2015 12:00am

Currency

China to stabilise stock market for 'number of years'

China's market regulator vowed to stabilise the volatile stock market for a "number of years", saying a state-backed company tasked with buying shares will have an enduring role. "For a number of years to come, the China Securities Finance Corp will not e

Published 16 Aug, 2015 12:00am

Japan Post's $11 billion triple listing expected in November

Japan Post Holdings Co is expected to list shares in its holding company and bank and insurance units on November 4, several people close to the deal said on Friday, in Japan's biggest sale of state-owned enterprises in nearly three decades. The governmen

Published 16 Aug, 2015 12:00am

Global M&A activity surges towards record high

Global mergers and acquisitions (M&A) have climbed close to a record high this year, accelerated by a trio of multibillion-dollar deals in the US, Thomson Reuters data showed. The largest of these was Warren Buffet's $30 billion-plus purchase of Precision

Published 16 Aug, 2015 12:00am

Suffering lower profits, German power supplier RWE revamps

RWE, Germany's second-biggest power supplier, hit by sinking profits as the country ramps up renewable energy use, approved plans Monday for a corporate overhaul. The company said it would by January 2017 slash its number of limited-liability subsidiaries

Published 16 Aug, 2015 12:00am

Suffering lower profits, German power supplier RWE revamps

RWE, Germany's second-biggest power supplier, hit by sinking profits as the country ramps up renewable energy use, approved plans Monday for a corporate overhaul. The company said it would by January 2017 slash its number of limited-liability subsidiaries

Published 16 Aug, 2015 12:00am

Hedge funds added Apple shares in second quarter, filings show

Top US hedge funds added to their positions in Apple Inc during the second quarter, ahead of a decline in the value of shares of the iPhone maker. Filings with the US Securities and Exchange Commission released on Friday showed Philippe Laffont's Coatue M

Published 16 Aug, 2015 12:00am

Hedge funds added Apple shares in second quarter, filings show

Top US hedge funds added to their positions in Apple Inc during the second quarter, ahead of a decline in the value of shares of the iPhone maker. Filings with the US Securities and Exchange Commission released on Friday showed Philippe Laffont's Coatue M

Published 16 Aug, 2015 12:00am

ING presses Poland's JSW to buy back some of its bonds

ING Bank Slaski, the only private debtholder of Polish troubled coking coal producer JSW, is pressing the miner to buy back some of its bonds in the near term, Puls Biznesu daily reported on Friday quoting sources close to the bank. JSW, which is grapplin

Published 16 Aug, 2015 12:00am

ING presses Poland's JSW to buy back some of its bonds

ING Bank Slaski, the only private debtholder of Polish troubled coking coal producer JSW, is pressing the miner to buy back some of its bonds in the near term, Puls Biznesu daily reported on Friday quoting sources close to the bank. JSW, which is grapplin

Published 16 Aug, 2015 12:00am

Kansas tops US municipal bond calendar with $1 billion pension deal

Kansas will offer $1 billion of taxable pension bonds in the US municipal market next week in a move that could make investors skittish given a recent default on some bonds in Puerto Rico and credit ratings downgrades in Chicago. Debt service on the bonds

Published 16 Aug, 2015 12:00am

Kansas tops US municipal bond calendar with $1 billion pension deal

Kansas will offer $1 billion of taxable pension bonds in the US municipal market next week in a move that could make investors skittish given a recent default on some bonds in Puerto Rico and credit ratings downgrades in Chicago. Debt service on the bonds

Published 16 Aug, 2015 12:00am

TSX gains, but resource stocks still in funk

Canada's main stock index gained on Friday, but the rise was limited by continued weakness in mining and oil and gas shares. Eight of the 10 main sectors on the Toronto Stock Exchange's S&P/TSX composite index advanced, though advancers barely outnumbered

Published 16 Aug, 2015 12:00am

Buffett's Berkshire sheds two stocks, hints at new purchase

Warren Buffett's Berkshire Hathaway Inc has eliminated its stakes in National Oilwell Varco Inc and Phillips 66, and on Friday signaled it may have another large investment in the works. The changes were disclosed in a filing with the US Securities and Ex

Published 16 Aug, 2015 12:00am

Financial services flavour to European LBO line-up

Several large European LBO bonds are expected to launch after the August break, with deals from financial firms such as Lowell, Leaseplan and ICBPI all on the slate. Bankers say more large deals are likely to hit the market in September and October. "It w

Published 16 Aug, 2015 12:00am

Financial services flavour to European LBO line-up

Several large European LBO bonds are expected to launch after the August break, with deals from financial firms such as Lowell, Leaseplan and ICBPI all on the slate. Bankers say more large deals are likely to hit the market in September and October. "It w

Published 16 Aug, 2015 12:00am

Currency

Wall Street edges up after upbeat data, Greek bailout agreement

US stocks ended a volatile week higher on Friday after upbeat US economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece. All three major indexes also ended the week with slight gains, bouncing back from losses

Published 16 Aug, 2015 12:00am

Currency

Nigerian naira seen steady on dollar sales, others mixed

The Nigerian naira is expected to remain steady on the back of sustained dollar sales by the central bank, while the Kenyan shilling is expected to trade within a narrow band due to tight liquidity in the markets.

Published 16 Aug, 2015 12:00am

First BoE rate hike still seen in Q1 but conviction wavering

The Bank of England is still expected to raise interest rates from a record low 0.5 percent early next year, but economists' conviction is wavering as domestic inflation and global growth remain muted, a Reuters poll found. Even a first-quarter hike would

Published 16 Aug, 2015 12:00am

Currency

Peru central bank weighs interest rate hike as early as next month

Peru's central bank said on Friday it was considering raising its benchmark interest rate as early as next month amid higher inflation expectations and an expected tightening of monetary policy in the United States. The central bank held the key rate at 3

Published 16 Aug, 2015 12:00am

Currency

Canadian dollar retreats as data disappoints, markets calmed

The Canadian dollar slipped against the greenback on Friday, as calm returned to markets following a volatile trading week and investors digested US and Canadian data that underscored the divergence between the countries' central banks. In Canada, manufac

Published 16 Aug, 2015 12:00am

Currency

Argentine's Scioli defends central bank currency controls

Argentine ruling party presidential candidate Daniel Scioli defended the central bank's control of the exchange rate on Saturday, saying it was necessary to avoid foreign exchange volatility. Scioli's comments came two days after his main rival said he wo

Published 16 Aug, 2015 12:00am

India names private sector bosses to shake up two state banks

India has brought in private sector executives to run two of its largest state-owned banks, the first such appointments and part of a bold reform plan aimed at shaking up the country's dominant but bloated and often inefficient government lenders. The two

Published 16 Aug, 2015 12:00am

Currency

Colombia central banker sees CPI at 3 percent-3.5 percent by end-2016

Colombia's inflation rate will likely end next year at between 3 and 3.5 percent and move closer to the central bank's target of 3 percent in 2017, board member Juan Pablo Zarate said. The central bank in July held the benchmark lending rate at 4.5 percen

Published 16 Aug, 2015 12:00am

Currency

Colombia central banker sees CPI at 3 percent-3.5 percent by end-2016

Colombia's inflation rate will likely end next year at between 3 and 3.5 percent and move closer to the central bank's target of 3 percent in 2017, board member Juan Pablo Zarate said. The central bank in July held the benchmark lending rate at 4.5 percen

Published 16 Aug, 2015 12:00am

Petrobras to refinance 6 billion reais tax bill with government

State-controlled Petraleo Brasileiro SA agreed on Friday to refinance an outstanding 6 billion reais ($1.7 billion) tax debt with the Brazilian government, allowing the debt-laden oil producer to restructure an onerous liability. Under terms of the plan,

Published 16 Aug, 2015 12:00am

Petrobras to refinance 6 billion reais tax bill with government

State-controlled Petraleo Brasileiro SA agreed on Friday to refinance an outstanding 6 billion reais ($1.7 billion) tax debt with the Brazilian government, allowing the debt-laden oil producer to restructure an onerous liability. Under terms of the plan,

Published 16 Aug, 2015 12:00am

Thirty years on, treasury bond with 10 percent coupon bows out a star

Few things from 1985 achieved lasting fame and universal acclaim. One of them is the highest-paying US government bond, which easily outlasted 'new Coke," Commodore's Amiga computer, power suits and big hair. The last US Treasury with a 10 percent coupon,

Published 16 Aug, 2015 12:00am

Thirty years on, treasury bond with 10 percent coupon bows out a star

Few things from 1985 achieved lasting fame and universal acclaim. One of them is the highest-paying US government bond, which easily outlasted 'new Coke," Commodore's Amiga computer, power suits and big hair. The last US Treasury with a 10 percent coupon,

Published 16 Aug, 2015 12:00am

Currency

Encouraging US data support dollar, euro slips

The dollar inched up on Friday against a basket of currencies on encouraging data on US producer prices and industrial output, while the euro ended a good week on a weak note even as the Greek parliament approved a new bailout agreement. The greenback sta

Published 16 Aug, 2015 12:00am

Barca thrashed 4-0 by Aduriz-inspired Athletic

European champions Barcelona were stunned by an Aritz Aduriz hat-trick and brilliant opener from Mikel San Jose as Athletic Bilbao took a 4-0 lead into the second-leg of the Spanish Super Cup. Barca had picked up their fourth trophy of the year in Tbilisi

Published 16 Aug, 2015 12:00am

Rescue, Army to play friendly cricket match on Sunday

A friendly cricket match will be played between Rescue 1122 Eleven and Army Eleven in Kacha Khoh, on August 16 (Sunday) to mark the Independence Day celebrations. Brigadier Abid Baloch will lead Army Eleven while District Emergency officer Dr Ejaz Anjum w

Published 16 Aug, 2015 12:00am

Top security bosses give green signal to international cricket in Karachi

Top security bosses of Karachi, including Corp Commander, DG Rangers Sindh and Commissioner Karachi, have given a green signal for holding international cricket matches in Karachi, a spokesman of Pakistan Cricket Board (PCB) said on Saturday. PCB Chairman

Published 16 Aug, 2015 12:00am

Football returns in FIFA-suspended Indonesia

Despite being under a FIFA suspension, domestic football returned to Indonesia on Saturday after intervention from President Joko Widodo led to the introduction of two new tournaments. Persekap Pasuruan kicked off the 24-team Independence Cup with a 2-0 w

Published 16 Aug, 2015 12:00am

PCB should invest in U19 players: Wasim Akram

Former cricketer Wasim Akram believes Pakistan Cricket Board (PCB) must invest in the Under-19 players saying cricket greats Ramiz Raja, Shoaib Mohammad, Basit Ali, Amir Sohail, Inzamam, Mushtaq Ahmed and Waqar Younis are product of U19 cricket. Wasim, wh

Published 16 Aug, 2015 12:00am

Brighton leave it late to snatch pole position

Brighton left it late to move to the top of the Championship as Tomer Hemed's stoppage-time penalty clinched a dramatic 2-1 victory against Fulham on Saturday. Chris Hughton's side had taken the lead when Sam Baldock swept home Bruno Saltor's pass in the

Published 16 Aug, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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