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Print - 2015-08-30
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
French journalists charged with bid to blackmail Morocco king

French journalists charged with bid to blackmail Morocco king

Two French investigative journalists have been charged in Paris with trying to blackmail the king of Morocco out of two million euros ($2.2 million) in hush money, legal sources said Saturday. Eric Laurent and Catherine Graciet were working on a book abou
Published 30 Aug, 2015 12:00am
Facing heat, Iraq's electricity minister passes parliament quizzing

Facing heat, Iraq's electricity minister passes parliament quizzing

Iraq's parliament on Saturday expressed confidence in the answers of Electricity Minister Qassim al-Fahdawi following an interrogation about a persistent power crisis that has prompted widespread protests and a new push for reform. Demonstrations in Baghd
Published 30 Aug, 2015 12:00am
Thousands rally in central Beirut against political leaders

Thousands rally in central Beirut against political leaders

Thousands of protesters waving Lebanese flags and chanting anti-government slogans converged on a square in central Beirut on Saturday for a rally against political leaders they say are incompetent and corrupt. Similar protests descended into violence las
Published 30 Aug, 2015 12:00am
Hollande, Merkel, Putin back bid for new Ukraine ceasefire

Hollande, Merkel, Putin back bid for new Ukraine ceasefire

The leaders of France, Germany and Russia backed a new ceasefire in eastern Ukraine in a three-way phone call on Saturday, but offered contrasting views of why February's peace deal is in trouble. Daily clashes between the two forces killing civilians, Uk
Published 30 Aug, 2015 12:00am
China toughens laws, but reduces crimes subject to death
Currency

China toughens laws, but reduces crimes subject to death

China on Saturday amended the country's criminal law, tightening corruption sentencing, reclassifying sex with underage prostitutes as rape and eliminating the death penalty for nine crimes, state media reported. The standing committee of the National Peo
Published 30 Aug, 2015 12:00am
New Orleans mourns dead, celebrates life on Katrina anniversary

New Orleans mourns dead, celebrates life on Katrina anniversary

New Orleans observed the 10th anniversary of Hurricane Katrina Saturday, remembering the dead and joyously celebrating the "Big Easy's" comeback from disaster with marches and brass bands. The city's leaders placed wreaths at a memorial to Katrina's unkno
Published 30 Aug, 2015 12:00am
Tanzania's main opposition coalition kicks off campaign

Tanzania's main opposition coalition kicks off campaign

A coalition of four main opposition parties in Tanzania launched their campaign for the October election on Saturday, vowing to end five decades of the ruling party's domination of the east African country's politics. Addressing a massive rally in the com
Published 30 Aug, 2015 12:00am
Austria migrant tragedy suspects in custody as second truck found

Austria migrant tragedy suspects in custody as second truck found

Four suspects in Austria's migrant truck tragedy were remanded in custody in Hungary on Saturday, as Austrian police rescued three "severely dehydrated" refugee children packed into another vehicle. The young children were hospitalised after the truck con
Published 30 Aug, 2015 12:00am
Hungary says anti-migrant barrier along Serb border complete

Hungary says anti-migrant barrier along Serb border complete

A razor-wire barrier along Hungary's border with non-EU member Serbia, aimed at keeping out migrants, has been completed, the Hungarian defence ministry said on Saturday. "Two days before the August 31 deadline, the first section of the border closure has
Published 30 Aug, 2015 12:00am
Tropical Storm Erika breaks up over Cuba

Tropical Storm Erika breaks up over Cuba

Erika broke up as it raked Cuba Saturday, bringing the drought-parched island heavy rains after the tropical storm earlier left at least 20 dead in the tiny island nation of Dominica. The Miami-based National Hurricane Center said the storm had degenerate
Published 30 Aug, 2015 12:00am
South Sudan rivals trade accusations over new fighting

South Sudan rivals trade accusations over new fighting

South Sudan's rebels accused government troops on Saturday of launching attacks on their forces in the north of the country after a ceasefire that is part of a peace deal came into effect, a charge the government denied. It was the latest exchange of accu
Published 30 Aug, 2015 12:00am
Sweden's far-right wants referendum on immigration

Sweden's far-right wants referendum on immigration

Sweden's far-right Sweden Democrats, which recently topped an opinion poll for the first time, want a referendum to be held on the country's generous immigration policy, its party leader said Saturday. "It's time for a referendum in Sweden on our immigrat
Published 30 Aug, 2015 12:00am
North Korea agrees to talks with South on family reunions

North Korea agrees to talks with South on family reunions

North Korea has agreed to Red Cross talks with South Korea to discuss reunions of families separated during the 1950-53 Korean War, a South Korean official said on Saturday, setting up the first meeting under a recent accord aimed at defusing tensions. Th
Published 30 Aug, 2015 12:00am
15 held in Spain for smuggling migrants on water scooters

15 held in Spain for smuggling migrants on water scooters

Fifteen people were arrested this month in Spain for smuggling Moroccan migrants into the country on water scooters, authorities said Saturday, terming it a "very dangerous practice." The revelation came as Europe's migrant crisis snowballed with Austrian
Published 30 Aug, 2015 12:00am
Ministers call for more train patrols, named tickets after France attack

Ministers call for more train patrols, named tickets after France attack

European ministers called on Saturday for more multinational patrols and tickets marked with passengers' names on major continental trains in the wake of last week's foiled jihadist attack. The group of ministers meeting in Paris also called for increased
Published 30 Aug, 2015 12:00am
European heart experts okay longer use of blood thinners

European heart experts okay longer use of blood thinners

European heart experts on Saturday endorsed the potential use of multiple blood thinning drugs for heart attack patients beyond one year, in a move that may boost demand for AstraZeneca's Brilinta. New European Society of Cardiology (ESC) guidelines state
Published 30 Aug, 2015 12:00am
Vatican differs with Palestinians on flags at UN headquarters

Vatican differs with Palestinians on flags at UN headquarters

The Vatican has differed with a Palestinian request for the two observer states to the United Nations to be allowed to raise their flags at its headquarters, saying the move goes against a longheld tradition at the world body. In a statement released late
Published 30 Aug, 2015 12:00am
Dozens of young Swazi women die on road to royal ceremony

Dozens of young Swazi women die on road to royal ceremony

At least 38 young women have died in a road accident in Swaziland on their way to an annual ceremony where the king might have chosen one of them as his wife, an advocacy group said on Saturday. Trucks transporting scores of young women to the traditional
Published 30 Aug, 2015 12:00am
Largest Dutch pension fund exits Mylan over death penalty concerns

Largest Dutch pension fund exits Mylan over death penalty concerns

The Dutch public employees' pension fund, the world's third largest, has sold all its shares in pharmaceuticals maker Mylan after it emerged that one of the company's products is in stock at a US prison where death sentences are carried out. The move come
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
'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
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
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
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
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
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
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
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