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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-02
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 02 Feb, 2016 12:00am
Commissioner School Cricket from February 8

Commissioner School Cricket from February 8

The city commissioner has talked up the Commissioner School Cricket Championship Series 2016, saying it will play an important role for the survival of school cricket in Lahore and revival of cricket nurseries for national cricket. Monday's meeting Commis
Published 02 Feb, 2016 12:00am
Voting for Jamaat-e-Islami Central Shoora ends

Voting for Jamaat-e-Islami Central Shoora ends

The voting for the Central Shoora of the Jamaat-e-Islami has been completed and the counting of the ballot papers was continuing. Voting has been held for 70 male and 10 female seats of the JI central consultative body for a three-year term. The counting
Published 02 Feb, 2016 12:00am
Two godowns sealed for selling unhygienic edible oil

Two godowns sealed for selling unhygienic edible oil

A number of Punjab Food Authority teams checking different food outlets and godowns in the provincial metropolis have sealed two godowns of the Arif Store on charges of selling unhygienic ketchup and edible oil in loose packing. The first swoop by the Rav
Published 02 Feb, 2016 12:00am
Delegation of NGOs meets Sandhu

Delegation of NGOs meets Sandhu

The provincial minister for minorities' affairs and human rights has claimed that his department is doing everything in its power to help the minorities. Minister Khalil Tahir Sandhu, talking to a delegation of non-government organisations on Monday, also
Published 02 Feb, 2016 12:00am
PPP to form local government in Renala Khurd

PPP to form local government in Renala Khurd

The Pakistan Peoples' Party is set to form a local government in the municipal committee in Renala Khurd as seven independent elected members out of 12 have announced to join it. "They have expressed confidence in the leadership of Bilawal Bhutto Zardari,
Published 02 Feb, 2016 12:00am
US diplomat meets Siraj

US diplomat meets Siraj

US Consul General in Lahore, Zachary Harken Rider called on the JI Ameer Senator Sirajul Haq at Mansoora, here on Monday and discussed with him the situation in the region especially Afghanistan and Kashmir. Speaking on the occasion, Siraj said that the U
Published 02 Feb, 2016 12:00am
French embassy official calls on UAF VC

French embassy official calls on UAF VC

French Embassy Scientific and Cultural Affairs Councillor Andre de Bussy has stressed upon the need to further cementing agricultural, academic and cultural ties to get benefit from each other experiences. The councillor along with Director Alliance Franc
Published 02 Feb, 2016 12:00am
Cop murder accused sent on physical remand

Cop murder accused sent on physical remand

An Anti-Terrorism Court (ATC) on Monday handed over three suspects to police on physical remand in the murder case of Assistant Sub Inspector (ASI) of police Jamaluddin. The police produced Syed Muhammad Haider Zaidi, Syed Sheraz Haider Zaidi and Tauseef
Published 02 Feb, 2016 12:00am
SMEDA fails to complete honey processing, packaging facility

SMEDA fails to complete honey processing, packaging facility

Credible sources claim the Small and Medium Enterprises Development Authority (SMEDA) has failed to complete a honey-processing and packaging common facility due to the lack of funds. The honey facility is being set up at Mangora in Khyber Pakhtunkhwa at
Published 02 Feb, 2016 12:00am
PTV drama producer, poet Muhammad Azeem dies

PTV drama producer, poet Muhammad Azeem dies

Well known PTV drama / documentary producer, poet, columnist and left leaning writer Muhammad Azeem died of heart failure at the age of 70 years here on Monday. He left behind a widow, two sons and two daughters. His Namaz-e-Janaza will be held at Masjid-
Published 02 Feb, 2016 12:00am
Tevta to train its teachers, principals this year

Tevta to train its teachers, principals this year

The Technical Education and Vocational Training Authority (Tevta) has announced to train its 2,055 in-service male and female teachers, 900 newly inducted teachers and principals this year. "This training calendar will enhance the professional skills of o
Published 02 Feb, 2016 12:00am
PSC approves new seedless variety of kinnow
Exchange

PSC approves new seedless variety of kinnow

The Punjab Seed Council on Monday has approved a new variety of kinnow (citrus) called RE-2016 which is seedless and its sowing could help promote exporting kinnow from the Punjab to Russia, Britain, the United States, Germany and other European countries
Published 02 Feb, 2016 12:00am
LCCI invites DEPO to arrange expo in Lahore

LCCI invites DEPO to arrange expo in Lahore

Lahore Chamber of Commerce and Industry (LCCI) has invited the Defence Export Promotion Organisation to arrange an exhibition in Lahore on the patron of the IDEAS to help highlight the potential of Pakistan's defence production industry. The proposal came
Published 02 Feb, 2016 12:00am
Prime Minister lauds Navy's role

Prime Minister lauds Navy's role

Prime Minister Nawaz Sharif on Monday appreciated the role of Pakistan Navy with regard to the national defence. He said the government would take all possible steps to further strengthen the Pakistan Navy. He was talking to Chief of Naval Staff Admiral M
Published 02 Feb, 2016 12:00am
Prime Minister to represent Pakistan at nuclear Summit in Washington

Prime Minister to represent Pakistan at nuclear Summit in Washington

Prime Minister Nawaz Sharif will represent Pakistan at the forthcoming nuclear security summit to be held in Washington on the first of April. The summit will discuss the future of nuclear security summit process and will determine pathways to secure and
Published 02 Feb, 2016 12:00am
Pakistan condemns terror attack in Kabul

Pakistan condemns terror attack in Kabul

Pakistan strongly condemns the terrorist attack in Kabul today at a police compound which resulted in the loss of innocent lives and injuries to several others. The Government of Pakistan expresses its condolences to the Government of Afghanistan as well
Published 02 Feb, 2016 12:00am
KP initiates reforms to improve healthcare system: chief minister

KP initiates reforms to improve healthcare system: chief minister

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that the provincial government was initiating reforms for improving health care delivery system to provide people better health facilities by bringing the existing hospitals of province at par with
Published 02 Feb, 2016 12:00am
HU introduces integrated Forestry and Wildlife Management course

HU introduces integrated Forestry and Wildlife Management course

Hazara University of Khyber Pakhtunkhwa has introduced a unique four years integrated course covering both Forestry and Wildlife Management, giving students a chance to study both discipline in same tenure. "The Hazara University course is unique and for
Published 02 Feb, 2016 12:00am
ANF seizes huge quantity of drugs in various cities

ANF seizes huge quantity of drugs in various cities

Anti-Narcotics Force (ANF) has seized 37.5 kg heroin, 4000 psychotropic tablets and 14.5 kg hashish worth Rs 275 million in the international market. ANF official said that the ANF teams have conducted six operations in different cities including Rawalpin
Published 02 Feb, 2016 12:00am
PESCO gears up recovery drive against defaulters
Cotton

PESCO gears up recovery drive against defaulters

Peshawar Electric Supply Company (PESCO) has geared up drive for the recovery of dues throughout Khyber Pakhtunkhwa. In this regard final notices have been sent to defaulter consumers for payment of their out-standing dues, in case of failure their names
Published 02 Feb, 2016 12:00am
'High production cost, porous borders cause increase in smuggling'

'High production cost, porous borders cause increase in smuggling'

Expressing serious concerns over rampant smuggling through porous borders, exporters and traders blamed the anti-smuggling/law enforcement agencies and policy makers for not taking concrete measures to stop the menace of smuggling which is hurting local i
Published 02 Feb, 2016 12:00am
KP IGP awards Buner police, Canine Unit incharge

KP IGP awards Buner police, Canine Unit incharge

KP Inspector General of Police Nasir Khan Durrani awarded Buner police and Malakand Canine Unit incharge respectively on excellent performance against kidnappers and successful tracking activity of the unit in a ceremony held on Monday. According to detai
Published 02 Feb, 2016 12:00am
'Study Tour' Tanners' team leaves for India

'Study Tour' Tanners' team leaves for India

A high-powered delegation led by Chairman, Pakistan Tanners Association (PTA), Gulzar Firoz, having representatives of all stakeholders of leather sector of Pakistan, has embarked on Monday to India for the "Study Tour to India", duly sponsored/supported
Published 02 Feb, 2016 12:00am
PTCL Smart TV App nominated for GSMA Global Mobile Awards 2016

PTCL Smart TV App nominated for GSMA Global Mobile Awards 2016

Pakistan Telecommunication Company LimitesL's Smart TV Mobile Application has been nominated for the GSMA Global Mobile Awards (GLOMO) 2016 in the 'Best Mobile App (Media, Film, TV or Video)' category. The PTCL Smart TV App is the first of its kind and ha
Published 02 Feb, 2016 12:00am
Local people taking stand against insurgents, says Qadir Baloch

Local people taking stand against insurgents, says Qadir Baloch

Speakers at a seminar held on the topic "Peace and Prosperity in Balochistan" said that people of Balochistan have stood against insurgency and as a result, terrorist and miscreants have been facing defeat and failure in implementation of their nefarious
Published 02 Feb, 2016 12:00am
ANP (Wali) to hold 'peace conference' on February 28

ANP (Wali) to hold 'peace conference' on February 28

Awami National Party (Wali) is holding a 'peace conference' on the occasion of the death anniversaries of founder of Khudai Khidmatgar Movement Bacha Khan and his son and ANP leader Khan Abdul Wali Khan on February 28 in Karachi. ANP Central President Nas
Published 02 Feb, 2016 12:00am
Cop deprived of official SMG

Cop deprived of official SMG

Unidentified men snatched an official weapon from a policeman during a snap checking, here on Monday. According to details, the incident took place in Ferozabad area when a police official intercepted a vehicle for checking. Two persons, travelling in it,
Published 02 Feb, 2016 12:00am
Three alleged robbers arrested

Three alleged robbers arrested

Police on Monday claimed to have arrested three accused allegedly involved in robbery incidents. According to details, the Kharadar police conducted a raid in the area arresting three persons allegedly involved in snatching money and other valuables from
Published 02 Feb, 2016 12:00am
SU to set up pension fund

SU to set up pension fund

To provide better pension facilities to its employees, Sindh University has decided to establish pension fund. In this regard, a high level meeting presided over by Professor Dr Muhammad Siddique Kalhoro, Acting Vice Chancellor University of Sindh, was he
Published 02 Feb, 2016 12:00am
PSX sheds over 1,500 points in January

PSX sheds over 1,500 points in January

Following a bearish trend on the regional front, Pakistani equities concluded January in the red, having shed 4.6 percent or 1,518 points to close at 31,299. Average daily trading turnover remained depressed at 128 million shares, down 8.4 percent compare
Published 02 Feb, 2016 12:00am
Conference on 'translational medicine' begins
Exchange

Conference on 'translational medicine' begins

The joint 2nd annual convention kicked off on Monday including innovative and creative super sessions showcasing renowned national and international translational medicine thought leaders. The rallying points of the conference are the progressive and stim
Published 02 Feb, 2016 12:00am
Standard Chartered inaugurates Classroom at Habib University

Standard Chartered inaugurates Classroom at Habib University

The Standard Chartered Classroom was recently inaugurated at the Habib University Campus in Karachi. With a strong focus on youth and education, Standard Chartered has donated funds to help build a state of the art learning space. Located on the first flo
Published 02 Feb, 2016 12:00am
SECP issues directive to protect insurance policyholders
Exchange

SECP issues directive to protect insurance policyholders

In order to raise awareness among the public about availability of the insurance policyholders' grievance resolution forums, the Securities and Exchange Commission of Pakistan (SECP) has issued a circular requiring all insurers to incorporate awareness me
Published 02 Feb, 2016 12:00am
OMD Pakistan bags Reckitt Benckiser's media business

OMD Pakistan bags Reckitt Benckiser's media business

Reckitt Benckiser Pakistan successfully concluded its media pitch process and transferred its media planning and buying responsibilities to OMD Pakistan. OMD Pakistan has handled the RB business in 2013 and 2014 with a gap in 2015 and successfully secured
Published 02 Feb, 2016 12:00am
Two killed in Nushki firing

Two killed in Nushki firing

At least two persons were killed and another injured when armed persons opened firing on a shop here on Monday. Police said that armed men sprayed bullets on people present at the shop situated in main bazaar of district Nushki of Balochistan resulting in
Published 02 Feb, 2016 12:00am
State Life signs agreement with Silkbank

State Life signs agreement with Silkbank

State Life Insurance Corporation of Pakistan (SLIC) and Silkbank signed a Bancassurance Distribution agreement. Under this agreement, SLIC Bancassurance Products will be offered by Silkbank to existing and potential customers through the Bank's widespread
Published 02 Feb, 2016 12:00am
IIL to manufacture large diameter steel pipes, tubes

IIL to manufacture large diameter steel pipes, tubes

International Industries Limited (IIL) inaugurated its state-of-the-art large diameter pipe mill, installed at a cost of Rs 700 million in Karachi on January 27. This large diameter steel pipe manufacturing facility will not only allow IIL to produce holl
Published 02 Feb, 2016 12:00am
ICSP elects office-bearers

ICSP elects office-bearers

The National Council of the Institute of Corporate Secretaries of Pakistan (ICSP) in its meeting held in Karachi on 29th January 2016 has elected the following office bearers for the year 2016: President Mohammed Zaki (FCIS, FCA, FPFA), Vice President Abd
Published 02 Feb, 2016 12:00am
Microsoft team discusses various issues with IT minister

Microsoft team discusses various issues with IT minister

A delegation of Microsoft led by GM Microsoft North Africa, East Mediterranean and Pakistan (NEPA), Leila Serhan called on the Minister of State for IT Anusha Rahman in her office on Monday and discussed various issues of mutual interest related to the de
Published 02 Feb, 2016 12:00am
SC orders repatriation of official's bro to PCS

SC orders repatriation of official's bro to PCS

The Supreme Court on Monday issued directives to Secretary Establishment Division Nadeem Hassan Asif to repatriate Moinuddin Wani, brother of Prime Minister's Press Secretary on Media Co-ordination, from Federal Directorate of Education (FDE) Islamabad to
Published 02 Feb, 2016 12:00am
'Best Presented Annual Report' MCB Bank awarded at SAFA Conference

'Best Presented Annual Report' MCB Bank awarded at SAFA Conference

MCB Bank Ltd, Pakistan's leading private sector bank, was awarded the SAFA Best Presented Annual Report 2014 in the category of Private Sector Banks at the SAFA Conference 2016. The award was presented to President MCB Imran Maqbool by Federal Minister fo
Published 02 Feb, 2016 12:00am
Khyber Food Festival inaugurated at PC Lahore

Khyber Food Festival inaugurated at PC Lahore

A food festival was inaugurated in PC Hotel on Monday where a large number of notables' politicians and well-reputed journalists attended the festival and highly admired the graceful effort of PC Hotel regarding the activity of Khyber Food Festival. GM PC
Published 02 Feb, 2016 12:00am
Nimir Industrial Chemicals Limited
Exchange

Nimir Industrial Chemicals Limited

Nimir Industrial Chemicals Limited (PSX: NICL), is engaged in manufacturing and sale of industrial chemical products. Among the chemical industry in Pakistan, it is known as a pioneer in establishing Oleo chemicals business in the country. The Company fro
Published 02 Feb, 2016 12:00am
Nimir Industrial Chemicals Limited
Exchange

Nimir Industrial Chemicals Limited

Nimir Industrial Chemicals Limited (PSX: NICL), is engaged in manufacturing and sale of industrial chemical products. Among the chemical industry in Pakistan, it is known as a pioneer in establishing Oleo chemicals business in the country. The Company fro
Published 02 Feb, 2016 12:00am
Fitness Fiesta

Fitness Fiesta

Families thronged the Shaukat Khanum Memorial Cancer Hospital and Research Centre to participate the hospital's second annual family festival called "Fitness Fiesta" on Monday.
Published 02 Feb, 2016 12:00am
Drought in Thar sparks debate over children's deaths

Drought in Thar sparks debate over children's deaths

A non-profit group has requested a legal probe into a wave of children's deaths in southern Pakistan, saying authorities should do more to protect residents from a long-running drought. "More than 100 children have died since the start of January" in Sind
Published 02 Feb, 2016 12:00am
Karandaaz Pakistan, OLP sign agreement

Karandaaz Pakistan, OLP sign agreement

Karandaaz Pakistan and ORIX Leasing Pakistan Limited (OLP) signed a USD 40 Million Risk Participation Agreement through which OLP will provide asset finance for capital investment to small businesses operating in organised supply chains of the economy.
Published 02 Feb, 2016 12:00am
Britain allows first genetic modification of embryos

Britain allows first genetic modification of embryos

Britain on Monday granted its first research licence to genetically modify human embryos to a project that aims to give hope to women struggling to conceive, raising ethical concerns about "designer babies". The decision makes Britain one of the first cou
Published 02 Feb, 2016 12:00am
Thirteen students on picnic drown in India beach tragedy

Thirteen students on picnic drown in India beach tragedy

A college picnic to the beach turned into a tragedy on Monday when at least thirteen students drowned off India's west coast after they went swimming, police and officials said. The tragedy was the latest drowning incident in India, where many people are
Published 02 Feb, 2016 12:00am
Iowa votes - and the 2016 White House race begins

Iowa votes - and the 2016 White House race begins

Voters in Iowa finally have their say Monday in the first test of the US presidential race, with Republican frontrunner Donald Trump looking to capitalise on his stunning campaign success and Democrat Hillary Clinton defending her status as the favourite.
Published 02 Feb, 2016 12:00am
China arrests fourth Japanese over spying: Tokyo

China arrests fourth Japanese over spying: Tokyo

Japan on Monday denied that it carries out espionage activities abroad as it announced that Chinese authorities have formally arrested a fourth Japanese citizen on suspicion of spying. China and Japan have been taking steps for more than a year to improve
Published 02 Feb, 2016 12:00am
Scientists solve biological brain twister

Scientists solve biological brain twister

The deep folds that give the adult human brain its wrinkled walnut appearance were Nature's solution to fitting a large, powerful processor into a small skull. Like a piece of flat, square paper crumpled together to fit into a small, round hole, folding a
Published 02 Feb, 2016 12:00am
Israel restricts access to Ramallah

Israel restricts access to Ramallah

Israel restricted access Monday into and out of the Palestinian political capital of Ramallah on the occupied West Bank after a checkpoint shooting that wounded soldiers, stepping up its response to attacks. It was the first time such a step was taken by
Published 02 Feb, 2016 12:00am
Ban tells Israel 'don't shoot the messenger'

Ban tells Israel 'don't shoot the messenger'

UN Secretary-General Ban Ki-moon told Israel "don't shoot the messenger" as he renewed criticism of the "humiliating" Israeli occupation of Palestinian territories. Ban said in an opinion piece published in the New York Times that Israel cannot keep "lash
Published 02 Feb, 2016 12:00am
Carpet-bombing in IS fight against 'our values': US general

Carpet-bombing in IS fight against 'our values': US general

The commander of the US-led coalition fighting the Islamic State group in Iraq and Syria on Monday dismissed calls to carpet- bomb the jihadists. "We are bound by the laws of armed conflict. It doesn't only matter whether or not you win, it matters how yo
Published 02 Feb, 2016 12:00am
Hungary anti-terror plan is 'attack on human rights': Amnesty

Hungary anti-terror plan is 'attack on human rights': Amnesty

Amnesty International on Monday slammed plans by the Hungarian government to introduce sweeping anti-terror laws including curfews and Internet restrictions, calling the proposal an "attack on human rights". According to a draft leaked to the media last m
Published 02 Feb, 2016 12:00am
Syria talks must lead to 'transition away from Assad': Britain

Syria talks must lead to 'transition away from Assad': Britain

Britain said Monday that the UN-brokered peace talks on Syria being held in Geneva must lead to a political "transition away" from President Bashar al-Assad. "Syrian peace negotiations must deliver a political transition away from Assad and end the suffer
Published 02 Feb, 2016 12:00am
France aided Ivory Coast's Ouattara to take 'power by force,' ICC told

France aided Ivory Coast's Ouattara to take 'power by force,' ICC told

Defence lawyers for fallen Ivorian leader Laurent Gbagbo on Monday accused his bitter rival President Alassane Ouattara of seizing power by force aided by former colonial power France, after disputed 2010 polls. On the third day of Gbagbo's landmark trial
Published 02 Feb, 2016 12:00am
Saeed Ajmal targets World T20 return

Saeed Ajmal targets World T20 return

Pakistan's discarded off-spinner Saaed Ajmal says he is hopeful of proving his form in a forthcoming domestic league as he targets a return to national colours in the World Twenty20 this March. The 38-year-old, whose accuracy and deceptive doosra helped d
Published 02 Feb, 2016 12:00am
New Zealand name spin trio for World T20

New Zealand name spin trio for World T20

New Zealand on Monday named three spinners in the Black Caps squad for the ICC World Twenty20 in India, anticipating a wealth of turning wickets. Veteran Nathan McCullum, Mitchell Santner and Ish Sodhi were all included in the 15-man party, which will be
Published 02 Feb, 2016 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Friday to a two-month low, registering a weekly loss, under pressure from a stronger Canadian dollar and commercial hedging. A pickup in farmer selling to the cash market was noted, a trader said. For the month, most-ac
Published 02 Feb, 2016 12:00am
French court backs charges against HSBC

French court backs charges against HSBC

The Paris appeals court on Monday confirmed charges against British banking giant HSBC Holdings PLC as part of a tax fraud probe, sources close to the case told AFP. The court rejected an appeal by HSBC that charges first brought in April for facilitating
Published 02 Feb, 2016 12:00am
South Korea's exports record biggest drop since 2009

South Korea's exports record biggest drop since 2009

South Korea's exports, the main driver of the national economy, suffered their sharpest drop in more than six years in January, extending what is now a 13-month losing streak. Government data released Monday showed exports down 18.5 percent from the same
Published 02 Feb, 2016 12:00am
ATR says signs 1.0-billion-euro planes deal with Iran

ATR says signs 1.0-billion-euro planes deal with Iran

European manufacturer of turboprop aircraft ATR said Monday it had signed a one-billion-euro deal with Iran Air for up to 40 planes after the dropping of US sanctions against Iran. Under the accord inked in Tehran, ATR is to provide the Iranian national f
Published 02 Feb, 2016 12:00am
Nokia patent sales forecast from Samsung deal hits shares

Nokia patent sales forecast from Samsung deal hits shares

Nokia said it had settled a lengthy patent dispute with South Korea's Samsung on Monday, but investors were disappointed by the financial terms of the deal. Nokia's shares fell more than 10 percent after the Finnish firm said the Samsung deal would lift p
Published 02 Feb, 2016 12:00am
US MIDDAY: wheat, corn and soya sag

US MIDDAY: wheat, corn and soya sag

US wheat futures fell on Monday amid plentiful global inventories and poor export demand for US supplies, traders said. Corn and soyabeans also fell as macroeconomic worries hung over the market and on some forecasts for much-needed rains in Argentina nex
Published 02 Feb, 2016 12:00am
Russia to leave its grain tax scheme intact

Russia to leave its grain tax scheme intact

Russia, one of the world's largest wheat exporters, is not expected to change its current regime of taxes on grain exports, sources said on Friday, following proposals to change them. Concerns over the possibility of tougher limits on Russia's foreign sal
Published 02 Feb, 2016 12:00am
Russia to leave its grain tax scheme intact

Russia to leave its grain tax scheme intact

Russia, one of the world's largest wheat exporters, is not expected to change its current regime of taxes on grain exports, sources said on Friday, following proposals to change them. Concerns over the possibility of tougher limits on Russia's foreign sal
Published 02 Feb, 2016 12:00am
Gold claws its way higher in Europe
Exchange

Gold claws its way higher in Europe

Gold edged higher on Monday, extending its recent rally on worries about global economic growth and hopes for easier monetary policy after weak factory data in Asia and Europe. China's official measure of manufacturing in January fell to the lowest since
Published 02 Feb, 2016 12:00am
Gold advances in Asia
Exchange

Gold advances in Asia

Gold advanced at the start of the month on Monday, extending gains after ending January with its biggest monthly jump in a year, as poor Chinese manufacturing numbers underlined the weak outlook for the global economy. China's stocks fell after an officia
Published 02 Feb, 2016 12:00am
Cocoa jumps 4 percent, sugar pivots lower
Exchange

Cocoa jumps 4 percent, sugar pivots lower

Cocoa futures soared 4 percent in heavy volume on Monday, in a corrective rally spurred by crop weather concerns in top grower Ivory Coast and oversold market conditions, causing the New York market to make its biggest jump in 3-1/2 years. Raw sugar fell
Published 02 Feb, 2016 12:00am
Iran aims to be self-sufficient in wheat: minister

Iran aims to be self-sufficient in wheat: minister

Iran aims to be self-sufficient in wheat in future by improving yields but will continue to be reliant on imports for maize and barley, Iranian Agriculture Minister Mahmoud Hojjati said during a visit to Paris on Thursday. Iran has been a major wheat impo
Published 02 Feb, 2016 12:00am
Algeria 2015 grain import volumes up 11.2 percent

Algeria 2015 grain import volumes up 11.2 percent

Algeria's 2015 grain imports rose 11.2 percent to 13.67 million tonnes despite efforts to curb purchases from abroad, official data showed. One of the world's largest grain importers, Algeria wants to trim imports as low crude oil prices hurt state coffer
Published 02 Feb, 2016 12:00am
TOCOM rubber rises
Exchange

TOCOM rubber rises

Benchmark Tokyo rubber futures closed 1 percent higher on Monday to settle at a one-week high helped by a weaker yen, but the gains were limited by weak Chinese factory activity data. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre r
Published 02 Feb, 2016 12:00am
Oil sinks, pressured by China, Opec and warmer US weather
Exchange

Oil sinks, pressured by China, Opec and warmer US weather

US crude oil prices slid almost 7 percent on Monday, pressured by weak economic data from China, a US forecast for mild weather and growing doubts that Opec would act to reduce the swelling global supply glut. Chinese manufacturing contracted in January a
Published 02 Feb, 2016 12:00am
Copper slides, spooked by weak China data
Exchange

Copper slides, spooked by weak China data

Copper slipped on Monday alongside Chinese equities on news the country's manufacturing sector shrank at the fastest in more than three years, reinforcing fears of weaker demand in the top consumer of industrial metals. Benchmark copper on the London Meta
Published 02 Feb, 2016 12:00am
Shanghai copper drops
Exchange

Shanghai copper drops

Shanghai Futures Exchange copper fell 0.5 percent to 35,450 yuan ($5,390) a tonne on Monday after China's manufacturing growth shrank at the fastest pace in more than three years in January, underlining slowing appetite from the world's top metals consume
Published 02 Feb, 2016 12:00am
Platinum on track for lowest annual average since 2005, below $1,000/oz

Platinum on track for lowest annual average since 2005, below $1,000/oz

Platinum prices are expected to average less than $1,000 an ounce in 2016 for the first time in more than a decade as global growth concerns and demand fallout from the Volkswagen scandal grip the market, a Reuters poll showed on Monday. The poll of 31 an
Published 02 Feb, 2016 12:00am
Asian naphtha reverses gains as glut fails to ease

Asian naphtha reverses gains as glut fails to ease

Asia's naphtha crack for second half March at $80.78 a tonne was at a two-session low on Monday as ample supplies overturned expectations that a glut was easing, traders said. Although South Korea has restarted a cracker following an outage, Japan will st
Published 02 Feb, 2016 12:00am
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