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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-12-05
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 45,975 Million. The number of lots traded was 383.91 million. PMEX Commodity Index closed at 2,575. Major business was contributed by gold amounting to PKR 45,408 million followed b
Published 05 Dec, 2015 12:00am
Vietnam's December coffee exports seen at over 100,000 tonnes

Vietnam's December coffee exports seen at over 100,000 tonnes

Vietnam could export between 100,000 tonnes and 120,000 tonnes (1.67 million to 2 million bags) of coffee in December, traders said on Tuesday, against an estimated 100,000 tonnes shipped last month. Coffee exports from the world's largest robusta produce
Published 05 Dec, 2015 12:00am
US Plains HRW wheat bids firmer

US Plains HRW wheat bids firmer

Spot basis bids for hard red winter wheat were steady to firm at grain terminals across the southern US Plains on Wednesday morning, underpinned by slow country movement, grain dealers said. Farmers remained uninterested in booking sales as weakness in fu
Published 05 Dec, 2015 12:00am
Asian naphtha crack at eight-month high

Asian naphtha crack at eight-month high

Asia's naphtha crack strengthened further to its highest in more than eight months at $130.60 a tonne on Wednesday due to strong petrochemicals demand. An outage at Shell's ethylene cracker in Singapore was expected to have a limited direct impact on the
Published 05 Dec, 2015 12:00am
Canadian canola ends mixed

Canadian canola ends mixed

ICE Canadian canola finished mixed on Wednesday in cautious trading ahead of a key government crop report. Statistics Canada, due to give its final production report on Friday, is expected to bump its canola harvest estimate to 15.6 million tonnes from 14
Published 05 Dec, 2015 12:00am
Thailand to sign rail, rice, rubber deals with China

Thailand to sign rail, rice, rubber deals with China

China will sign agreements to build a railway in Thailand and buy some of its rice and rubber, senior Thai government officials said on Wednesday. The agreements could help boost the pedestrian growth rate of Southeast Asia's second-largest economy and ar
Published 05 Dec, 2015 12:00am
Spot iron ore hits 10-year low even as Shanghai steel rebounds

Spot iron ore hits 10-year low even as Shanghai steel rebounds

Spot iron ore prices hit a new 10-year low on Wednesday even as Shanghai steel futures eked out a 2 percent gain, as a global glut in the steelmaking raw material overwhelmed a market hit by shrinking Chinese demand. "It appears that the iron ore market i
Published 05 Dec, 2015 12:00am
US FOB Gulf soyabean premiums steady on moderate Chinese demand

US FOB Gulf soyabean premiums steady on moderate Chinese demand

Export premiums for soyabeans shipped from the US Gulf Coast were steady on Wednesday, underpinned by moderate demand from China for near-term shipments and a slight rebound in CIF barge basis values, traders said. CIF basis bids for December and January
Published 05 Dec, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 187,640 tonnes of cargo comprising 157,949 tonnes of import cargo and 29,691 tonnes of export cargo including 8,074 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 157
Published 05 Dec, 2015 12:00am
Cotton market: spot rate falls on lack of fresh leads
Cotton

Cotton market: spot rate falls on lack of fresh leads

Official spot rate fell modestly on the cotton market on Friday amid cautious selling by ginners, dealers said. The official spot rate was down by Rs 50 to Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 2200 and Rs 2800 and in the Punjab,
Published 05 Dec, 2015 12:00am
Indian oilseeds fall as traders stay away on ceiling fears

Indian oilseeds fall as traders stay away on ceiling fears

Indian oilseeds prices fell on Wednesday as traders stayed away from aggressive buying on fears states may impose a higher cap on stocks that dealers and millers can hold. The western state of Maharashtra, a leading producer of soyabeans, allows wholesale
Published 05 Dec, 2015 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 05 Dec, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 05 Dec, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 05 Dec, 2015 12:00am
Shanghai copper falls

Shanghai copper falls

Shanghai Futures Exchange copper fell 0.6 percent to 34,610 yuan ($5,393) a tonne on Friday with markets bracing for higher US interest rates that will increase business costs and undercut demand. In other metals, ShFE nickel fell 1.5 percent after it att
Published 05 Dec, 2015 12:00am
Opec fails to agree production ceiling after Iran pledges output boost

Opec fails to agree production ceiling after Iran pledges output boost

Opec members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would not consider any production curbs until it restores output scaled back for years under Western sanctions. Friday's developments
Published 05 Dec, 2015 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures edged lower on Friday, weighed down by profit-taking after a three-day rally and weaker Tokyo stock prices, but managed to post their biggest weekly gain in three months. Tokyo Commodity Exchange (TOCOM) futures, which set t
Published 05 Dec, 2015 12:00am
Wheat surges on short-covering

Wheat surges on short-covering

US wheat surged more than 2 percent on Thursday, snapping a six-session losing streak as investors covered short positions and the dollar tumbled after the European Central Bank acted to fight low inflation. Corn futures also jumped, while soyabeans shook
Published 05 Dec, 2015 12:00am
Palm oil soars
Vegetable Oil

Palm oil soars

Malaysian palm oil futures closed marginally higher on Friday after climbing to a four-week top earlier in the session on expectations that dry weather due to the El Nino weather pattern will reduce production across Southeast Asia. A plan by Indonesia, t
Published 05 Dec, 2015 12:00am
Raw sugar falls
Currency

Raw sugar falls

Raw sugar futures on ICE fell on late-day selling on Friday, after harvest-hampering rainfall in Brazil and the country's rising currency lifted prices to a 10-month high, while London cocoa extended gains to the highest since early 2011. Arabica coffee f
Published 05 Dec, 2015 12:00am
Gold rebounds from 2010 lows in New York

Gold rebounds from 2010 lows in New York

Gold bounced from near six-year lows on Thursday in line with a sharp rebound in the euro, rising 1 percent after the European Central Bank (ECB) announced the minimum cut in its deposit rate that investors had been expecting. The ECB cut its deposit rate
Published 05 Dec, 2015 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold clung to overnight gains on Friday and looked set to snap a six-week losing streak as a slump in the dollar buoyed the metal above 2010 lows ahead of the key US non-farm payrolls data later in the session. The metal rallied nearly 1 percent overnight
Published 05 Dec, 2015 12:00am
Gold up 1.6 percent to two-week high in Europe

Gold up 1.6 percent to two-week high in Europe

Gold rose 1.6 percent to a two-week high on Friday, after a US non-farm payrolls report, seen as likely to pave the way for the Federal Reserve to raise interest rates this month, failed to aid the dollar's ascent. Non-farm payrolls increased 211,000 in N
Published 05 Dec, 2015 12:00am
Los Grobo sees Argentine grains output up by 50 percent

Los Grobo sees Argentine grains output up by 50 percent

The head of the company that led the breakneck expansion of Argentine soy cultivation over the last two decades said on Tuesday the country's grains output could climb by 50 percent over the next three years thanks to a change of government.
Published 05 Dec, 2015 12:00am
US trade deficit widens as exports hit three-year low

US trade deficit widens as exports hit three-year low

The US trade deficit widened unexpectedly in October as exports fell to a three-year low, suggesting that trade could again weigh on economic growth in the fourth quarter. The Commerce Department said on Friday the trade gap rose 3.4 percent to $43.9 bill
Published 05 Dec, 2015 12:00am
Rules confusion puts US banks in debt limbo

Rules confusion puts US banks in debt limbo

America's largest banks face an unsettling wait for the Federal Reserve to clarify a quirk in its interpretation of new global capital requirements that could potentially disqualify billions of dollars of senior unsecured debt. Because US banks tend to is
Published 05 Dec, 2015 12:00am
Rules confusion puts US banks in debt limbo

Rules confusion puts US banks in debt limbo

America's largest banks face an unsettling wait for the Federal Reserve to clarify a quirk in its interpretation of new global capital requirements that could potentially disqualify billions of dollars of senior unsecured debt. Because US banks tend to is
Published 05 Dec, 2015 12:00am
Bank of France trims French growth, inflation estimates

Bank of France trims French growth, inflation estimates

French economic growth will accelerate gradually in the coming years from 1.2 percent this year, although not as fast as previously estimated, the Bank of France forecast on Friday. The euro zone's second-biggest economy is on course to grow 1.4 percent i
Published 05 Dec, 2015 12:00am
Higher industry orders add to signs of German economic rebound
Currency

Higher industry orders add to signs of German economic rebound

German industrial orders rose more than expected in October, fuelled by stronger demand from the euro zone, signalling that Europe's largest economy may be gaining steam as the year comes to an end. The data, published a day after the European Central Ban
Published 05 Dec, 2015 12:00am
China announces $60 billion 'funding support' for Africa

China announces $60 billion 'funding support' for Africa

Chinese President Xi Jinping announced $60 billion of assistance and loans for Africa at a summit in Johannesburg on Friday, signalling China's commitment to the continent despite a recent fall in investment. China's economic growth has taken a dip this y
Published 05 Dec, 2015 12:00am
Luxembourg to appeal EU tax dodging fine on Fiat

Luxembourg to appeal EU tax dodging fine on Fiat

Luxembourg said on Friday it will appeal an EU ruling that Italian auto giant Fiat must pay around 30 million euros ($34 million) in back taxes after benefiting from an illegal tax break from the small Duchy. "The Luxembourg government today has decided t
Published 05 Dec, 2015 12:00am
Luxembourg to appeal EU tax dodging fine on Fiat

Luxembourg to appeal EU tax dodging fine on Fiat

Luxembourg said on Friday it will appeal an EU ruling that Italian auto giant Fiat must pay around 30 million euros ($34 million) in back taxes after benefiting from an illegal tax break from the small Duchy. "The Luxembourg government today has decided t
Published 05 Dec, 2015 12:00am
Global business growth accelerated in November: PMI

Global business growth accelerated in November: PMI

Global business growth accelerated last month as new orders picked up despite firms raising prices at the steepest rate since July, a survey showed. J.P. Morgan's Global All-Industry Output Index, produced with Markit, rose to 53.7 in November from Octobe
Published 05 Dec, 2015 12:00am
Weak Canada jobs, trade data discouraging for Q4 growth

Weak Canada jobs, trade data discouraging for Q4 growth

Canada shed more jobs than expected in November, while exports tumbled in October, suggesting the economy was off to a weak start in the final quarter of 2015 after just recently emerging from a mild recession. The country lost 35,700 jobs last month, Sta
Published 05 Dec, 2015 12:00am
EU scraps derivatives case vs 13 banks, continues Markit, ISDA probe

EU scraps derivatives case vs 13 banks, continues Markit, ISDA probe

EU antitrust regulators have dropped charges against 13 banks including Citigroup and Deutsche Bank for blocking exchanges from derivatives markets, but will continue their case against data company Markit and trade body ISDA. The European Commission said
Published 05 Dec, 2015 12:00am
Sturdy US employment report a green light for December rate hike

Sturdy US employment report a green light for December rate hike

US employment increased strongly in November in a show of the economy's resilience, which most likely paves the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. Nonfarm payrolls rose 211,000 last month,
Published 05 Dec, 2015 12:00am
Malaysian exports beat forecasts, helped by weak currency
Currency

Malaysian exports beat forecasts, helped by weak currency

Malaysia's October exports grew more than twice as much as expected, helped by demand from key markets for electrical and electronic products and by the weak ringgit. The country's exports have picked up in the second half, after drops in commodity shipme
Published 05 Dec, 2015 12:00am
Brazil's central bank raises tone, signals rate hike

Brazil's central bank raises tone, signals rate hike

Brazil's central bank will take the necessary measures to bring inflation back to the official target in 2017, signalling it could raise interest rates again, even with the economy in its deepest recession in a generation. Policymakers said in the minutes
Published 05 Dec, 2015 12:00am
Japan to cut planned bond issue this fiscal year by up to $4 billion

Japan to cut planned bond issue this fiscal year by up to $4 billion

Japan's government will reduce its plans to issue new bonds this fiscal year by 400 billion to 500 billion yen ($3.3 billion-$4.1 billion) when it crafts an extra stimulus package this month as it aims to pursue both growth and fiscal reform, sources told
Published 05 Dec, 2015 12:00am
Japan to cut planned bond issue this fiscal year by up to $4 billion

Japan to cut planned bond issue this fiscal year by up to $4 billion

Japan's government will reduce its plans to issue new bonds this fiscal year by 400 billion to 500 billion yen ($3.3 billion-$4.1 billion) when it crafts an extra stimulus package this month as it aims to pursue both growth and fiscal reform, sources told
Published 05 Dec, 2015 12:00am
Japan tax revenues to hit 24-year high on Abenomics windfall

Japan tax revenues to hit 24-year high on Abenomics windfall

Japan's tax revenues will hit a 24-year high this fiscal year as many companies reap record profits, allowing the government to cut new bond issuance for the year, sources familiar with the matter said on Thursday. The government will also use the proceed
Published 05 Dec, 2015 12:00am
South Korea GDP growth hits five-year high in third quarter

South Korea GDP growth hits five-year high in third quarter

South Korea's economy grew at the fastest pace in more than five years in the third quarter, driven by a strong rebound in consumer spending, central bank data showed Thursday. Asia's fourth-largest economy expanded by 1.3 percent in the July-September pe
Published 05 Dec, 2015 12:00am
Belgian central bank raises 2015 growth forecast, cuts outlook for 2016

Belgian central bank raises 2015 growth forecast, cuts outlook for 2016

Belgium's economy will expand by more than initially expected this year, but will slow down in 2016 due to slower growth of now solid domestic spending and investment, the central bank said on Friday. Belgium, the euro zone's sixth largest economy, is set
Published 05 Dec, 2015 12:00am
Tokyo stocks plummet

Tokyo stocks plummet

Tokyo stocks ended sharply lower Friday, joining a global equities rout after the European Central Bank's revised stimulus plan fell short of expectations. Stock markets tumbled after policymakers decided not to expand the size of the bank's bond purchase
Published 05 Dec, 2015 12:00am
Indian shares fall for third day

Indian shares fall for third day

Indian shares fell 1 percent on Friday and posted their third straight session of declines, tracking a global sell-off on disappointment over the European Central Bank's (ECB) stimulus measures. The broader NSE index ended 1.05 percent lower, while the be
Published 05 Dec, 2015 12:00am
S&P posts biggest drop since September as ECB disappoints

S&P posts biggest drop since September as ECB disappoints

The S&P 500 suffered its biggest daily drop since late September on Thursday as the European Central Bank disappointed market hopes for greater stimulus. The ECB move triggered a spike in the euro that caught investors by surprise, forcing them to shift p
Published 05 Dec, 2015 12:00am
Sri Lankan shares edge down

Sri Lankan shares edge down

Sri Lankan shares edged down on Friday, hovering near an eight-month closing low, on worries that the new budget proposals would hit earnings of financial firms. Investor sentiment was also dented following Prime Minister Ranil Wickremesinghe's warning on
Published 05 Dec, 2015 12:00am
Hong Kong shares slip

Hong Kong shares slip

Hong Kong shares dropped on Friday, tracking sluggish global markets, but main indexes were still up for the week. The Hang Seng index on Friday fell 0.8 percent, to 22,235.89, while the China Enterprises Index lost 1.5 percent, to 9,834.28 points. For th
Published 05 Dec, 2015 12:00am
US yields jump

US yields jump

Yields on US Treasuries jumped on Thursday, following rising European yields, after the latest round of stimulus from the European Central Bank disappointed investors and US Federal Reserve Chair Janet Yellen made more comments that fuelled expectations o
Published 05 Dec, 2015 12:00am
US yields jump

US yields jump

Yields on US Treasuries jumped on Thursday, following rising European yields, after the latest round of stimulus from the European Central Bank disappointed investors and US Federal Reserve Chair Janet Yellen made more comments that fuelled expectations o
Published 05 Dec, 2015 12:00am
Australian, New Zealand shares join global retreat on ECB disappointment

Australian, New Zealand shares join global retreat on ECB disappointment

Australian and New Zealand shares ended lower on Friday in line with a selloff in global markets after the European Central Bank failed to impress with its latest round of policy easing. The S&P/ASX 200 index closed 76.12 points, or 1.5 percent, lower at
Published 05 Dec, 2015 12:00am
China to launch stock index circuit breakers on January 1

China to launch stock index circuit breakers on January 1

China will introduce circuit breakers to the Shanghai Stock Exchange, Shenzhen Stock Exchange and China Financial Futures Exchange on January 1, 2016, Shanghai Stock Exchange said in statement on Friday. A 5 percent rise or fall in the CSI 300 benchmark i
Published 05 Dec, 2015 12:00am
China stocks fall nearly two percent

China stocks fall nearly two percent

China stocks fell nearly 2 percent on Friday, breaking a four-day winning streak, dragged down by weakness in global markets, but the main indexes were still up for the week. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1
Published 05 Dec, 2015 12:00am
European shares extend losses, dragged down by energy stocks

European shares extend losses, dragged down by energy stocks

European shares dropped on Friday, extending losses from the previous session when the ECB's new stimulus measures disappointed some investors, as falling oil stocks adding pressure. Oil stocks turned lower, falling 1.5 percent, as crude prices dropped. S
Published 05 Dec, 2015 12:00am
TSX down one percent

TSX down one percent

Canada's main stock index fell more than 1 percent for a second straight day on Thursday, as some of its biggest banks retreated despite reporting profit growth and railway and pipeline stocks also weakened. The broad move lower was in line with losses in
Published 05 Dec, 2015 12:00am
Southeast Asian stocks fall after ECB

Southeast Asian stocks fall after ECB

Southeast Asian stock markets fell on Friday as disappointment over the European Central Bank's stimulus package dragged down global equities, with the Philippines' key index touching a two-week low and Vietnam's benchmark hitting a near two-month low. Th
Published 05 Dec, 2015 12:00am
FTSE extends losses after oil and mining stocks fall

FTSE extends losses after oil and mining stocks fall

Britain's top equity index fell on Friday, extending losses from the previous session caused by disappointment over the European Central Bank's policy update, with miners and oil stocks reversing previous gains following a statement by Opec. Opec members
Published 05 Dec, 2015 12:00am
Aussie, kiwi hold near recent peaks

Aussie, kiwi hold near recent peaks

The Australian and New Zealand dollars held near recent peaks on Friday with further easing by the European Central Bank (ECB) putting them on track to end the week sharply higher against their US counterpart. They were not so lucky against the euro which
Published 05 Dec, 2015 12:00am
Euro holds huge gains in Asia
Currency

Euro holds huge gains in Asia

The euro stood head and shoulders above its rivals on Friday after boasting its biggest one-day surge in nearly seven years, as the latest round of policy easing by the European Central Bank fell well short of market expectations. The euro last traded at
Published 05 Dec, 2015 12:00am
Euro takes a breather in Europe after biggest rally in 7 years
Currency

Euro takes a breather in Europe after biggest rally in 7 years

The euro fell on Friday, having posted its biggest one-day surge in nearly seven years when the latest round of easing by European Central Bank fell well short of market expectations, with focus now turning to the US jobs report. The euro shed 0.75 percen
Published 05 Dec, 2015 12:00am
Euro surges against dollar in New York
Currency

Euro surges against dollar in New York

The US dollar was on track to post its biggest daily percentage loss against the euro since March 2009 on Thursday after the European Central Bank cut its interest rate on deposits by just 10 basis points, stinging some euro short-sellers who were expecti
Published 05 Dec, 2015 12:00am
Sri Lankan rupee steady near record low
Currency

Sri Lankan rupee steady near record low

The Sri Lankan rupee ended steady near its record low on Friday in dull trade as exporter dollar sales offset importer greenback demand and inward remittances, dealers said. The rupee ended at 143.23/27 per dollar, compared with Thursday's close of 143.22
Published 05 Dec, 2015 12:00am
Post-ECB position adjustments lift Asia FX
Currency

Post-ECB position adjustments lift Asia FX

Most emerging Asian currencies rose on Friday and were on track for weekly gains after the dollar lost ground as the European Central Bank unveiled monetary stimulus that was less bold than many expected. However, some of the early gains by regional curre
Published 05 Dec, 2015 12:00am
South African rand surges

South African rand surges

South African stocks fell by more than 2 percent on Friday as investors priced in a possible downgrade from ratings agencies, while the rand rallied as the greenback failed to make meaningful gains. Standard & Poor's kept South Africa's credit rating at B
Published 05 Dec, 2015 12:00am
Sterling rebounds against euro
Currency

Sterling rebounds against euro

Sterling bounced back from a five-week low against the euro on Friday, but was still on track to record its steepest weekly fall against the single currency since May, after the European Central Bank eased policy significantly less than expected. The sing
Published 05 Dec, 2015 12:00am
Yuan slumps on dollar outlook
Currency

Yuan slumps on dollar outlook

China's yuan closed sharply weaker against the dollar on Friday, at its softest since late August, pressured by a spat of dollar purchases late in the session, in part fuelled by expectations of an imminent rise in US interest rates. The dollar index jump
Published 05 Dec, 2015 12:00am
New event needed for every player starting next season

New event needed for every player starting next season

Starting with the 2016-17 campaign, US PGA Tour players will have to add at least one new event to their schedules each season, according to a new policy. The rule was approved last week by the tour policy board and players were notified this week of the
Published 05 Dec, 2015 12:00am
Ribery in squad for Bayern's 'Gladbach trip

Ribery in squad for Bayern's 'Gladbach trip

After a nine-month ankle injury lay-off Franck Ribery was named on Friday in Bayern Munich's squad for this weekend's Bundesliga trip to Borussia Moenchengladbach. Coach Pep Guardiola revealed Friday that the 32-year-old French midfielder was on the brink
Published 05 Dec, 2015 12:00am
UniFoam win T20 Corporate Premier League quarters

UniFoam win T20 Corporate Premier League quarters

T20 Corporate Premier League Cricket Tournament 2015-16 was organised recently. During the tournament, UniFoam Cricket Team won a glorious victory in the quarter-finals against Team UFone and qualified for the semi-finals. Playing first, UniFoam managed t
Published 05 Dec, 2015 12:00am
Jadeja, Rahane turn screws on South Africa

Jadeja, Rahane turn screws on South Africa

Spinner Ravindra Jadeja ripped through South Africa's batting line-up after Ajinkya Rahane hit the first century of the series as India compounded the visitors' misery in the fourth and final Test Friday. Jadeja picked up five wickets for 30 runs as India
Published 05 Dec, 2015 12:00am
Ronaldinho to open football academy in Singapore

Ronaldinho to open football academy in Singapore

Brazilian legend Ronaldinho will arrive in Singapore next week to establish a football academy in the soccer-mad city-state, a local club said Friday. The World Cup winner will partner with local football club Tampines Rovers and the International Footbal
Published 05 Dec, 2015 12:00am
West Indies facing embarrassing loss in Test warm-up

West Indies facing embarrassing loss in Test warm-up

The West Indies were on the verge of a humiliating loss to a modest Cricket Australia XI after a disastrous third day in their four-day tour match in Brisbane on Friday. The Windies, needing a confidence-boosting showing ahead of next week's opening Test
Published 05 Dec, 2015 12:00am
South Korean An gets European Tour rookie award
Cotton

South Korean An gets European Tour rookie award

Byeong Hun An on Friday became the first Asian player to be named as the winner of the Sir Henry Cotton Rookie of the Year Award by the European Tour. The 24-year-old South Korean made an immediate impact in his first year at the top level, sealing a firs
Published 05 Dec, 2015 12:00am
BBC defends shortlist after Fury slur on women

BBC defends shortlist after Fury slur on women

New world heavyweight champion Tyson Fury has sparked fresh controversy with derogatory remarks about women, including Olympic and world heptathlete champion Jessica Ennis-Hill, adding pressure on the BBC to drop him from its nominations for Sports Person
Published 05 Dec, 2015 12:00am
Real thrown out of Cup over ineligible player

Real thrown out of Cup over ineligible player

Real Madrid have been thrown out of the King's Cup after they used an ineligible player in Wednesday's last 32, first leg match at third-tier Cadiz, Spanish radio station Cadena Ser reported on Friday. Real included Denis Cheryshev in their starting lineu
Published 05 Dec, 2015 12:00am
Sydney FC with smallest crowd of season

Sydney FC with smallest crowd of season

Popular Sydney FC were watched by their smallest crowd of Australia's A-League season as a fan boycott began to bite on Friday. Just 9,155 fans watched Sydney FC beat Newcastle Jets 1-0 but Sydney's Allianz Stadium was largely deserted as "The Cove" group
Published 05 Dec, 2015 12:00am
Lyon bid farewell to Gerland stadium

Lyon bid farewell to Gerland stadium

Lyon have invited 120 former players to help bid farewell to their Gerland Stadium, which hosts its last ever Ligue 1 match on Saturday. Built in 1913 by architect Tony Garnier and revamped for the 1984 European Championships and the 1998 World Cup, the 4
Published 05 Dec, 2015 12:00am
FIFA suspends arrested officials Hawit, Napout for 90 days

FIFA suspends arrested officials Hawit, Napout for 90 days

FIFA's ethics committee on Friday suspended Juan Angel Napout and Alfredo Hawit for 90 days, after the two vice presidents of world football's governing body were arrested following corruption charges in the US. "The adjudicatory chamber of the independen
Published 05 Dec, 2015 12:00am
Questions raised over whether FIFA can save itself

Questions raised over whether FIFA can save itself

FIFA faced renewed doubt Friday over its ability to root out systemic corruption after a new wave of US indictments targeting top officials and a mixed response to much-hyped reforms. World football suffered another dramatic day of negative headlines Thur
Published 05 Dec, 2015 12:00am
PCB sells Twenty20 franchises for $93 million

PCB sells Twenty20 franchises for $93 million

Pakistan's bid to stage its first-ever Twenty20 league received a shot in the arm with the sale of five franchises for $93 million for ten years, its cash-strapped cricket board has announced. The Pakistan Cricket Board (PCB) had been trying to launch a P
Published 05 Dec, 2015 12:00am
China to build navy base in Djibouti

China to build navy base in Djibouti

China is to build its first naval base in Djibouti, the Djiboutian foreign minister said Friday, in the latest sign of China's growing international security presence. Djibouti is seen as a key strategic location in the Horn of Africa, with United States,
Published 05 Dec, 2015 12:00am
Japan, US vow to push Okinawa base relocation

Japan, US vow to push Okinawa base relocation

Japan and the US vowed Friday to press ahead with the construction of a new air base on strategic Okinawa, and pledged to speed up the return of some land on the island where pacifist sentiment runs high. The announcement came just two days after Tokyo pr
Published 05 Dec, 2015 12:00am
US-Afghan raid frees more than 40 from Taliban prison

US-Afghan raid frees more than 40 from Taliban prison

A US-Afghan military operation backed by helicopter gunships freed more than 40 soldiers and police held captive in a Taliban prison in southern Afghanistan, officials said Friday, in a major raid against the resurgent Islamist group. The operation conduc
Published 05 Dec, 2015 12:00am
Regime bombardment across Syria kills 56 civilians

Regime bombardment across Syria kills 56 civilians

Heavy government bombardment of rebel-held towns across Syria on Friday killed at least 56 civilians, more than a quarter of them children, a monitoring group said. The bloodiest attacks were in Eastern Ghouta, a rebel stronghold east of Damascus, where a
Published 05 Dec, 2015 12:00am
US star power injected into struggling climate talks

US star power injected into struggling climate talks

Leonardo DiCaprio delivered a Hollywood-style jolt Friday to divided UN climate talks in Paris, challenging negotiators to act boldly and swiftly to save mankind from disastrous global warming. Joining Oscar-winner Robert Redford in the French capital, Di
Published 05 Dec, 2015 12:00am
Tunisia closes main airport to Libyan planes

Tunisia closes main airport to Libyan planes

Tunisia announced Friday the closure of its main Tunis-Carthage international airport to Libyan planes as part of security measures since a suicide bombing in the capital. "We face a dangerous situation. We have taken a number of security measures," Trans
Published 05 Dec, 2015 12:00am
European rights court slams Russia for phone tapping

European rights court slams Russia for phone tapping

The European Court of Human Rights condemned Russia's large-scale mobile phone-tapping system Friday, ruling that it risked "destroying democracy". Judges at the Strasbourg court said that without "adequate and effective guarantees against abuse... the sy
Published 05 Dec, 2015 12:00am
Sri Lanka police guilty of violating international law

Sri Lanka police guilty of violating international law

Sri Lankan police were censured for the first time Friday for violating international humanitarian law, in a landmark decision after officers assaulted students demonstrating in the capital. The Human Rights Commission of Sri Lanka ruled police used exces
Published 05 Dec, 2015 12:00am
US military opens all combat roles to women

US military opens all combat roles to women

The US military will let women serve in all combat roles, Defence Secretary Ash Carter said on Thursday in a historic move striking down gender barriers in the armed forces. "As long as they qualify and meet the standards, women will now be able to contri
Published 05 Dec, 2015 12:00am
Turnout in Egypt parliament vote 28 percent: election committee

Turnout in Egypt parliament vote 28 percent: election committee

About 28 percent of Egyptian voters cast ballots in a staggered parliamentary election dominated by pro-government candidates following a crackdown on the main Islamist opposition group, the election committee announced Friday. Ayman Abbas, head of the el
Published 05 Dec, 2015 12:00am
Four Palestinians killed

Four Palestinians killed

Four Israeli soldiers were wounded on Friday and four attackers were killed as weeks of stabbing, shooting and car ramming attacks by Palestinians showed no sign of easing. The attacks were the latest in more than two months of "lone wolf" assaults that h
Published 05 Dec, 2015 12:00am
Modi spoofed over doctored photos of Chennai flood visit

Modi spoofed over doctored photos of Chennai flood visit

Prime Minister Narendra Modi became the butt of online jokes on Friday when it turned out an official photo showing him surveying flood damage in southern India through a helicopter window had been doctored. The picture showed Modi peering through the rou
Published 05 Dec, 2015 12:00am
Chinese team visits PAAPAM office

Chinese team visits PAAPAM office

A two-member Chinese delegation lead by Zhang Hongwei from China North Industries Corporation (Norinco) visited PAAPAM South office. During the meeting, the delegation gave a detailed presentation to Mashood Khan Senior Vice Chairman, Mehmood Sherani Vice
Published 05 Dec, 2015 12:00am
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