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Print - 2015-08-30
The Weather

The Weather

The weather report on Saturday (August 29, 2015) and the forecast for Sunday (August 30, 2015).

Published 30 Aug, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 29, 2015).

Published 30 Aug, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 29, 2015).

Published 30 Aug, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 29, 2015).

Published 30 Aug, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 29, 2015)

Published 30 Aug, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 29, 2015).

Published 30 Aug, 2015 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (August 29, 2015).

Published 30 Aug, 2015 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (August 29, 2015).

Published 30 Aug, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 29, 2015).

Published 30 Aug, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 29, 2015).

Published 30 Aug, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee managed to hold its overnight levels against the dollar on the money market at the week-end in the process of trading, dealers said.
Published 30 Aug, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee managed to hold its overnight levels against the dollar on the money market at the week-end in the process of trading, dealers said.
Published 30 Aug, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (August 29, 2015).

Published 30 Aug, 2015 12:00am
Asian naphtha crack falls to 7-1/2 month low

Asian naphtha crack falls to 7-1/2 month low

Asia's naphtha crack slumped to $48.65 a tonne on Wednesday, the lowest since January 12, as crackers' run cuts at Asia's top naphtha importer and slow demand weighed heavily. Taiwan's Formosa Petrochemical Corp has cut throughput at its three naphtha cra
Published 30 Aug, 2015 12:00am
Egypt buys Russian wheat

Egypt buys Russian wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said it bought 60,000 tonnes of Russian wheat in a tender on Thursday. The wheat was purchased at $190.07 a tonne cost and freight, Mamdouh Abdel Fattah, vice chairman of GASC
Published 30 Aug, 2015 12:00am
CBOT wheat falls three-month low

CBOT wheat falls three-month low

Wheat futures on the Chicago Board of Trade fell for a third straight session on Thursday, with the front-month contract hitting its lowest in nearly three months on rising estimates of world supplies and strength of the US dollar, traders said. CBOT Sept
Published 30 Aug, 2015 12:00am
Lean business on grain market
Cotton

Lean business on grain market

A slow activity was seen on the local commodity market on Saturday due to less buying interest, dealers said. On the rice side, Irri-6 Sindh quoted at Rs 2800 and Rs 2850, other items maintained their overnight levels, they said. On the seeds side, cotton
Published 30 Aug, 2015 12:00am
Asian rice export prices fall on thin demand

Asian rice export prices fall on thin demand

Rice export prices on Asian markets eased further this week in line with weakening currencies in major export nations Thailand and Vietnam, while buying demand was scant, traders said on Wednesday. Recent global market movements have also prompted buyers
Published 30 Aug, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

Both the futures were up on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December vaida closed at Rs 1302.50, opened with 30 paisa rise at Rs 1302.80 in the early session, dealers said. The January contra
Published 30 Aug, 2015 12:00am
Cotton market: prices gain momentum on rising demand
Cotton

Cotton market: prices gain momentum on rising demand

Prices went up modestly on the cotton market on Saturday amid tight supply of seed cotton, dealers said. The official spot rate extended overnight gains, picking up Rs 50 to Rs 4,550, dealers said. Seed cotton prices in Sindh were higher by Rs 50 to Rs 23
Published 30 Aug, 2015 12:00am
Sweden to raise welfare spending in 2016

Sweden to raise welfare spending in 2016

Welfare spending in Sweden will rise by 1.7 billion crowns ($200 million) next year under a deal agreed between the country minority government and an opposition party, daily Svenska Dagbladet wrote. The deal over the 2016 budget between the government an
Published 30 Aug, 2015 12:00am
German sees rising government borrowing costs

German sees rising government borrowing costs

Germany's Finance Ministry expects government borrowing costs to rise next year, Der Spiegel magazine reported on Saturday. Yields on German 10-year bonds, the euro zone benchmark, hit a record low of 0.05 percent in April, pinned down by the European Cen
Published 30 Aug, 2015 12:00am
BoE stance on rates unchanged by China: Carney

BoE stance on rates unchanged by China: Carney

Bank of England Governor Mark Carney said on Saturday that concerns about a slowdown in China's economy did not change the British central bank's position on when it might start to increase interest rates. "As I said recently, the prospect of sustained mo
Published 30 Aug, 2015 12:00am
Ultra-low German inflation keeps pressure on ECB

Ultra-low German inflation keeps pressure on ECB

German inflation remained close to zero in August, keeping pressure on the European Central Bank to consider additional stimulus measures as the falling cost of oil and a slowdown in China put the brakes on prices. Preliminary data for Europe's largest ec
Published 30 Aug, 2015 12:00am
Swiss economy posts surprise growth, skirting recession

Swiss economy posts surprise growth, skirting recession

Switzerland's economy grew unexpectedly in the second quarter, skirting a recession as exporters weathered a strong franc better than some had expected. However, economists cautioned that picture was complicated by a fall in imports. This may have flatter
Published 30 Aug, 2015 12:00am
Buffett's Berkshire takes $4.48 billion stake in Phillips 66

Buffett's Berkshire takes $4.48 billion stake in Phillips 66

Warren Buffett's Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell. The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Frida
Published 30 Aug, 2015 12:00am
Boeing gets $1.49 billion order to build 13 surveillance aircraft

Boeing gets $1.49 billion order to build 13 surveillance aircraft

Boeing has won a $1.49 billion contract to build 13 additional P-8A maritime surveillance aircraft, and provide parts for 20 other aircraft of the same type. The Defense Department said nine planes were being built for the US Navy, while the four others w
Published 30 Aug, 2015 12:00am
Eastern Libyan oil firm postpones Dubai conference

Eastern Libyan oil firm postpones Dubai conference

A state oil firm loyal to Libya's official government based in the east of the country has postponed a conference in Dubai to discuss oil majors' existing contracts with the Opec member country. The conference is a fresh attempt by Libya's internationally
Published 30 Aug, 2015 12:00am
Fly Africa to open new routes in East, West Africa

Fly Africa to open new routes in East, West Africa

Southern Africa-focused low-cost airline Fly Africa will expand to fly new routes to destinations in East and West Africa, Gabon's president said on Saturday. "One of the biggest contributions that we as Africans can make to Africa's development is to ope
Published 30 Aug, 2015 12:00am
Kyrgyzstan hails 'historic' China-financed power line

Kyrgyzstan hails 'historic' China-financed power line

Ex-Soviet republic Kyrgyzstan on Friday inaugurated a Chinese-financed power line officials say will bring energy independence to the country, one of the many projects Beijing has sponsored in the region. The 450-kilometre Datka-Kemin power line is expect
Published 30 Aug, 2015 12:00am
Algeria to cut 2016 government spending: Prime Minister

Algeria to cut 2016 government spending: Prime Minister

Algeria plans to cut government spending by 9 percent next year due to the collapse in prices for its oil exports, Prime Minister Abdelmalek Sellal said. "We need courageous decisions for 2016, so we have decided on a 9 percent cut in the budget," Sellal
Published 30 Aug, 2015 12:00am
Petrobras reaches deal for reorganisation of Sete Brasil

Petrobras reaches deal for reorganisation of Sete Brasil

Brazilian state-run oil company Petrobras and other investors reached an agreement to approve the restructuring plan of ailing oil-drilling-rig builder Sete Brasil Participa??es SA, two leading local newspapers reported on Friday. The plan would pave the
Published 30 Aug, 2015 12:00am
US natural gas futures fall on warmer weather forecast

US natural gas futures fall on warmer weather forecast

US natural gas futures fell 2 percent in the last day of trading for the September contract as forecasts of warmer temperatures were offset by a government report that showed larger-than-expected builds in weekly storage. The US Energy Information Adminis
Published 30 Aug, 2015 12:00am
Chinese iron ore prices drop near one-month low

Chinese iron ore prices drop near one-month low

Spot iron ore prices dropped to their lowest in nearly a month, under pressure from a weaker steel market in top consumer China that plunged Shanghai steel futures to a record low this week. Traders were not confident that a seasonal pickup in Chinese ste
Published 30 Aug, 2015 12:00am
US Midwest soyabeans bids weaker

US Midwest soyabeans bids weaker

Spot basis bids for soyabeans were steady to weaker at processors and elevators around the US Midwest on Thursday, grain dealers said. Strength in the futures market sparked a light round of soyabean sales from farmers looking to lock in prices for the cr
Published 30 Aug, 2015 12:00am
US FOB Gulf soya premiums fall ahead of autumn harvest

US FOB Gulf soya premiums fall ahead of autumn harvest

Soyabean export premiums at the US Gulf Coast dipped on Thursday ahead of an expected influx of new supplies ahead from the autumn harvest, traders said. Corn and wheat premiums were mostly steady. Farmers continued to hold back on selling crops because o
Published 30 Aug, 2015 12:00am
Brazilian coffee sellers recoil from volatile prices
Currency

Brazilian coffee sellers recoil from volatile prices

Volatile swings in Brazil's currency and coffee futures prices dampened interest in producer selling of the commodity this week, as all eyes focused on flowering of the new crop, traders said on Thursday. Brazil's drought-stressed southeastern states, whe
Published 30 Aug, 2015 12:00am
Russia's grain crop seen third largest in post-Soviet history

Russia's grain crop seen third largest in post-Soviet history

Russia, one of the world's top wheat exporters, will harvest its third-largest grain crop in post-Soviet history this year, leading Russian consultancy SovEcon said on Thursday after upgrading its forecast. Farmers have managed to reap a large crop despit
Published 30 Aug, 2015 12:00am
Asian grain importers make rare forward buys on low prices: traders

Asian grain importers make rare forward buys on low prices: traders

Asian grain importers are locking in forward purchases as they take advantage of a sharp drop in grain prices, with some buyers booking shipments right up to the middle of next year in an unusual move, traders said on Wednesday. Thailand has recently boug
Published 30 Aug, 2015 12:00am
European wheat futures little changed

European wheat futures little changed

European wheat futures were little changed by the close on Thursday as the market weighed a sharp fall in the euro against weakness on the US market and disappointment at French wheat missing out again in a tender from top importer Egypt. December milling
Published 30 Aug, 2015 12:00am
Profit slides at Woolworths

Profit slides at Woolworths

Australian supermarket giant Woolworths on Friday posted a 12.5 percent slide in full-year net profit and announced its chairman was stepping down, just months after the group's chief executive quit. Profit at the country's largest food retailer fell to A
Published 30 Aug, 2015 12:00am
Profit slides at Woolworths

Profit slides at Woolworths

Australian supermarket giant Woolworths on Friday posted a 12.5 percent slide in full-year net profit and announced its chairman was stepping down, just months after the group's chief executive quit. Profit at the country's largest food retailer fell to A
Published 30 Aug, 2015 12:00am
Croatia's economy grows

Croatia's economy grows

Croatia's economy grew 1.2 percent in the second quarter year-on-year, the state statistics bureau said in its flash estimate on Friday, beating expectations and lifting hopes for full-year growth after a long recession. Analysts' forecasts were an averag
Published 30 Aug, 2015 12:00am
Investors still in the dark as cyber threat grows

Investors still in the dark as cyber threat grows

Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have led th
Published 30 Aug, 2015 12:00am
Investors still in the dark as cyber threat grows

Investors still in the dark as cyber threat grows

Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have led th
Published 30 Aug, 2015 12:00am
Lagarde says restructuring should suffice for Greek debt
Currency

Lagarde says restructuring should suffice for Greek debt

A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper. The IMF has yet to make clear if it will particip
Published 30 Aug, 2015 12:00am
Turkey hikes reserve ratio for short-term FX borrowing
Currency

Turkey hikes reserve ratio for short-term FX borrowing

Turkey's central bank on Saturday raised the reserve ratio on lenders' short-term hard currency borrowings to encourage the banks to borrow longer-term and bring more stability to a domestic currency market that has been subject to big swings. The bank al
Published 30 Aug, 2015 12:00am
Rouhani says Iran's crude oil output stands at 2.9 million bpd

Rouhani says Iran's crude oil output stands at 2.9 million bpd

Iran's crude oil production stands at 2.9 million barrels per day (bpd), President Hassan Rouhani was quoted as saying on Saturday, an increase of 200,000 bpd since he took office in 2013. "In the last two years we succeeded in increasing our crude oil pr
Published 30 Aug, 2015 12:00am
Mugabe inks law to stop mass lay-offs

Mugabe inks law to stop mass lay-offs

Zimbabwean President Robert Mugabe has signed a new law banning mass lay-offs following a spate of redundancies that unions say put 30,000 people out of work, local media reported Friday. The Supreme Court ruled last month that employers could fire worker
Published 30 Aug, 2015 12:00am
Falling prices drag on China July industrial profits

Falling prices drag on China July industrial profits

Profits at Chinese industrial companies in July slid 2.9 percent from a year earlier as falling prices eroded earnings, official data showed on Friday, underlining weakness in the world's second-largest economy. Growth in Chinese manufacturing has been st
Published 30 Aug, 2015 12:00am
'Good reason to believe' US inflation will rise, says Fed's Fischer

'Good reason to believe' US inflation will rise, says Fed's Fischer

US inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday. The influential US central banker was circumspect whet
Published 30 Aug, 2015 12:00am
Obama heads north to Alaska, where drilling decision looms large

Obama heads north to Alaska, where drilling decision looms large

President Barack Obama on Saturday defended his decision to allow Royal Dutch Shell to drill for oil in the Arctic Ocean under what he said were rigorous standards, fending off criticism by environmental groups. His message comes on the eve of a three-day
Published 30 Aug, 2015 12:00am
Myanmar sets $2.80 daily minimum wage in bid to boost investment

Myanmar sets $2.80 daily minimum wage in bid to boost investment

Myanmar has set a minimum wage of 3,600 kyat ($2.80) for an eight-hour work day, a move likely to boost investment in the fast-growing country's garment industry. The decision on a minimum wage, which follows two years of often acrimonious debate between
Published 30 Aug, 2015 12:00am
German yields dip

German yields dip

German bond yields edged lower on Friday, defying a sudden surge in oil prices, as data showed consumer prices in Europe's biggest economy had been weighed down by falling energy costs. German inflation remained close to zero in August, keeping pressure o
Published 30 Aug, 2015 12:00am
German yields dip

German yields dip

German bond yields edged lower on Friday, defying a sudden surge in oil prices, as data showed consumer prices in Europe's biggest economy had been weighed down by falling energy costs. German inflation remained close to zero in August, keeping pressure o
Published 30 Aug, 2015 12:00am
Alignvest to raise $184 million via IPO on Toronto Exchange

Alignvest to raise $184 million via IPO on Toronto Exchange

Alignvest Acquisition Corp, an investment company set up primarily to buy an operating asset, said on Wednesday it is raising almost double the money it set out to generate via an initial public offering on the Toronto Stock Exchange. The Toronto-based co
Published 30 Aug, 2015 12:00am
Alignvest to raise $184 million via IPO on Toronto Exchange

Alignvest to raise $184 million via IPO on Toronto Exchange

Alignvest Acquisition Corp, an investment company set up primarily to buy an operating asset, said on Wednesday it is raising almost double the money it set out to generate via an initial public offering on the Toronto Stock Exchange. The Toronto-based co
Published 30 Aug, 2015 12:00am
Treasuries outlook: bonds fall as Fischer leaves door open for rate hike

Treasuries outlook: bonds fall as Fischer leaves door open for rate hike

US Treasuries prices fell on Friday, with most yields posting their biggest weekly rise in nine weeks as the Federal Reserve's No 2 official suggested a September rate increase remained a possibility in the wake of global market turbulence this week. "We'
Published 30 Aug, 2015 12:00am
Treasuries outlook: bonds fall as Fischer leaves door open for rate hike

Treasuries outlook: bonds fall as Fischer leaves door open for rate hike

US Treasuries prices fell on Friday, with most yields posting their biggest weekly rise in nine weeks as the Federal Reserve's No 2 official suggested a September rate increase remained a possibility in the wake of global market turbulence this week. "We'
Published 30 Aug, 2015 12:00am
First Data chooses Citigroup, Morgan Stanley to lead IPO

First Data chooses Citigroup, Morgan Stanley to lead IPO

Citigroup and Morgan Stanley will lead the market debut of credit card processor First Data, in what will be one of the biggest initial public offerings of the year if it goes ahead. First Data, which is owned by private equity firm Kohlberg Kravis Robert
Published 30 Aug, 2015 12:00am
First Data chooses Citigroup, Morgan Stanley to lead IPO

First Data chooses Citigroup, Morgan Stanley to lead IPO

Citigroup and Morgan Stanley will lead the market debut of credit card processor First Data, in what will be one of the biggest initial public offerings of the year if it goes ahead. First Data, which is owned by private equity firm Kohlberg Kravis Robert
Published 30 Aug, 2015 12:00am
UK investors buy more stocks, cut bond holdings

UK investors buy more stocks, cut bond holdings

British investors put more money into stocks in August and, wary of low yields, cut their allocation to bonds to its lowest since July 2014, a Reuters poll found. The monthly survey of 10 investment managers based in Britain showed average exposure to sha
Published 30 Aug, 2015 12:00am
UK investors buy more stocks, cut bond holdings

UK investors buy more stocks, cut bond holdings

British investors put more money into stocks in August and, wary of low yields, cut their allocation to bonds to its lowest since July 2014, a Reuters poll found. The monthly survey of 10 investment managers based in Britain showed average exposure to sha
Published 30 Aug, 2015 12:00am
Deutsche Annington seen joining DAX index in rare reshuffle

Deutsche Annington seen joining DAX index in rare reshuffle

Deutsche Annington is expected to win a spot on the DAX index of leading German shares next month, representing the real estate sector for the first time after acquisitions helped it to expand rapidly. Deutsche Annington is poised to replace Lanxess, the
Published 30 Aug, 2015 12:00am
TSX ends higher

TSX ends higher

Canada's main stock index climbed on Friday, driven by a surge in shares of energy and mining companies rebounding from the brutal selloff earlier in the week. The benchmark index gained for a fourth straight session and ended the week nearly 3 percent hi
Published 30 Aug, 2015 12:00am
After the storm, European stocks provide value and yield

After the storm, European stocks provide value and yield

As the dust settles after of the most dramatic weeks for global markets since the financial crisis, attractive valuations and high yields in European equities suggest that a recent rebound has further to go. Some strategists are downgrading earnings forec
Published 30 Aug, 2015 12:00am
Russia's Uralkali approves share buyback, may delist from London

Russia's Uralkali approves share buyback, may delist from London

Russia's Uralkali, the world's largest potash producer, approved a $1.3 billion share buyback on Tuesday which may lead to its delisting from the London Stock Exchange due to a decline in liquidity. Uralkali has previously spent $1.1 billion on a buyback
Published 30 Aug, 2015 12:00am
Russia's Uralkali approves share buyback, may delist from London

Russia's Uralkali approves share buyback, may delist from London

Russia's Uralkali, the world's largest potash producer, approved a $1.3 billion share buyback on Tuesday which may lead to its delisting from the London Stock Exchange due to a decline in liquidity. Uralkali has previously spent $1.1 billion on a buyback
Published 30 Aug, 2015 12:00am
Brazil swap plan 'working well' to curb FX volatility
Currency

Brazil swap plan 'working well' to curb FX volatility

Brazil has no plans to sell dollars from its foreign reserves to curb foreign exchange volatility because its strategy of offering currency swaps is working "very well," a member of President Dilma Rousseff's economic team told Reuters on Monday. In recen
Published 30 Aug, 2015 12:00am
Stock market volatility could slow cooling IPO market

Stock market volatility could slow cooling IPO market

The stock market turmoil of the last five days, following weeks of broader declines that have left half of this year's newly listed stocks below their offering prices, could slow the already cooling US market for initial public offerings. Wall Street bank
Published 30 Aug, 2015 12:00am
Wall Street ends flat in quiet end to dramatic week

Wall Street ends flat in quiet end to dramatic week

Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected. Shares traded lower earlier in the session after Fed Vice Chairman Stanley Fischer
Published 30 Aug, 2015 12:00am
Indonesia tightens rules for domestic dollar purchase
Currency

Indonesia tightens rules for domestic dollar purchase

Indonesia's central bank has tightened its rules for domestic purchases of US dollars as it tries to bolster the fragile rupiah. Effective immediately, Bank Indonesia said dollar purchases at banks or money changers above $25,000 require a document showin
Published 30 Aug, 2015 12:00am
Oman says committed to currency peg
Currency

Oman says committed to currency peg

Oman is committed to maintaining the peg of its currency against the US dollar despite the drop of oil prices, central bank executive president Hamood Sangour al-Zadjali said. "We are committed to keeping the Omani rial pegged to the US dollar," Zadjali t
Published 30 Aug, 2015 12:00am
Dollar gains as Fed officials keep door open for September hike
Currency

Dollar gains as Fed officials keep door open for September hike

The dollar rose to one-week highs on Friday for a fourth straight session of gains after some Federal Reserve officials did not rule out an interest rate hike next month despite this week's market meltdown. The dollar index, a gauge of the greenback's val
Published 30 Aug, 2015 12:00am
Colombia forex measures not needed as problems short-term
Currency

Colombia forex measures not needed as problems short-term

Intervention to stem Colombia's rising inflation and the precipitous fall in the peso currency is unnecessary, central bank board member Adolfo Meisel said on Wednesday, because both reflect transitory pressures. Meisel, one of seven members of the centra
Published 30 Aug, 2015 12:00am
Speculators cut net dollar longs to lowest since mid-June
Currency

Speculators cut net dollar longs to lowest since mid-June

Speculators pared back bullish bets on the US dollar in the latest week to their smallest in more than two months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net l
Published 30 Aug, 2015 12:00am
Peru to take steps to curb currency speculation
Currency

Peru to take steps to curb currency speculation

Peru is planning new measures to curb currency speculation that has been driving the sol's rapid slide against the dollar in recent weeks, a central bank official said on Wednesday. Peru's banking superintendent is writing new rules for the country's priv
Published 30 Aug, 2015 12:00am
Canadian dollar ends flat
Currency

Canadian dollar ends flat

The Canadian dollar ended near unchanged against the greenback on Friday, as cautious market participants balanced a sharp jump in crude oil prices against comments by US Federal Reserve officials who did not rule out a September rate hike. The Canadian d
Published 30 Aug, 2015 12:00am
Yen rises 'rough,' undesirable for economy: Aso
Currency

Yen rises 'rough,' undesirable for economy: Aso

Japanese Finance Minister Taro Aso warned market players against pushing up the yen too much further, saying that its spike against the dollar overnight was "rough" and undesirable for the economy. Aso said that while there was no immediate plan for G20 a
Published 30 Aug, 2015 12:00am
Palace stun Chelsea as slick City set club record

Palace stun Chelsea as slick City set club record

Chelsea manager Jose Mourinho suffered only his second Premier League defeat at Stamford Bridge as Crystal Palace clinched a shock 2-1 win over the spluttering champions on Saturday. Mourinho was taking charge of his 100th home fixture in England's top-fl
Published 30 Aug, 2015 12:00am
Pujara's comeback ton lifts India

Pujara's comeback ton lifts India

Cheteshwar Pujara marked his recall with an unbeaten century after Sri Lanka's Dhammika Prasad ripped through India's batting in the decisive third and final Test in Colombo on Saturday. The tourists, who resumed at 50-2 after a rain-curtailed opening day
Published 30 Aug, 2015 12:00am
Saeed Ajmal hopes to make a comeback

Saeed Ajmal hopes to make a comeback

Ace off-spinner Saeed Ajmal still has hopes to make a comeback to the national team as he has something to offer for his country. Ajmal said he is looking forward to playing once again in the upcoming domestic cricket season in Pakistan. "I am ready to ta
Published 30 Aug, 2015 12:00am
Australia regain women's Ashes

Australia regain women's Ashes

Australia regained the women's Ashes with a 20-run win over England in the second Twenty20 international at Hove on Friday. Victory gave Australia an unbeatable 10-4 points lead in the multi-format series, which concludes with a now 'dead rubber' Twenty20
Published 30 Aug, 2015 12:00am
Trio doesn't deserve a second chance: Rameez Raja

Trio doesn't deserve a second chance: Rameez Raja

Former cricketer Rameez Raja has said that the trio Mohammad Asif, Mohammad Aamir and Salman Butt don't deserve a second chance to play for Pakistan as that had brought a bad name to the country. Raja advised the Pakistan Cricket Board (PCB) to rule out a
Published 30 Aug, 2015 12:00am
Riner only 'satisfied' with record 8th world title

Riner only 'satisfied' with record 8th world title

A pensive Teddy Riner described himself as merely "satisfied" after claiming a record eighth title at the world judo championships in Kazakhstan on Saturday. As Japan claimed a sixth gold medal across six days of competition, giant Frenchman Riner stole t
Published 30 Aug, 2015 12:00am
Serena, Djokovic, Nadal start Monday at US Open

Serena, Djokovic, Nadal start Monday at US Open

World number ones Serena Williams and Novak Djokovic will launch their bids for the US Open title on Monday's first day of competition, tournament organizers announced Friday. In a Twitter posting, the tournament said top halves of brackets on both the me
Published 30 Aug, 2015 12:00am
Lightning Bolt strikes again as Farah, Eaton shine

Lightning Bolt strikes again as Farah, Eaton shine

Usain Bolt's third sprint gold and Mo Farah's unique "triple double" shared the spotlight with Ashton Eaton on Saturday as the American thrilled the world championships with a record-breaking decathlon win. This time Bolt shot down not only Justin Gatlin
Published 30 Aug, 2015 12:00am