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Print - 2016-03-05
Prime Minister approves launch of 'Green Pakistan Programme'

Prime Minister approves launch of 'Green Pakistan Programme'

Prime Minister Nawaz Sharif Friday approved the launch of "Green Pakistan Programme" to improve forestry and wildlife sectors in the country. The Prime Minister will lead the Green Pakistan Programme on the pattern of "Green Wall Programme" of China which
Published 05 Mar, 2016 12:00am
Prime Minister approves launch of 'Green Pakistan Programme'

Prime Minister approves launch of 'Green Pakistan Programme'

Prime Minister Nawaz Sharif Friday approved the launch of "Green Pakistan Programme" to improve forestry and wildlife sectors in the country. The Prime Minister will lead the Green Pakistan Programme on the pattern of "Green Wall Programme" of China which
Published 05 Mar, 2016 12:00am
North Korea leader orders nuclear arsenal on 'standby'

North Korea leader orders nuclear arsenal on 'standby'

Leader Kim Jong-Un has ordered North Korea's nuclear arsenal to be readied for pre-emptive use at any time, in an expected escalation of military rhetoric following the UN Security Council's adoption of tough new sanctions on Pyongyang. The North's nuclea
Published 05 Mar, 2016 12:00am
North Korea leader orders nuclear arsenal on 'standby'

North Korea leader orders nuclear arsenal on 'standby'

Leader Kim Jong-Un has ordered North Korea's nuclear arsenal to be readied for pre-emptive use at any time, in an expected escalation of military rhetoric following the UN Security Council's adoption of tough new sanctions on Pyongyang. The North's nuclea
Published 05 Mar, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 149,465 tonnes of cargo comprising 123,062 tonnes of import cargo and 26,403 tonnes of export cargo including 3,625 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 123
Published 05 Mar, 2016 12:00am
Pakistan undergone series of positive developments: Forbes

Pakistan undergone series of positive developments: Forbes

Pakistan has undergone a series of positive developments meriting recognition and country's economy was on track to complete an International Monetary Fund (IMF) program from start to finish for the first time in its 70-year history. According to an artic
Published 05 Mar, 2016 12:00am
'Mechanical sweeping to be introduced in Peshawar gradually'

'Mechanical sweeping to be introduced in Peshawar gradually'

KP Senior Minister for Local Government and Rural Development, Inayatullah Khan has said that mechanical sweeping in Peshawar may be introduced gradually as the system working all over the world. While presiding over a meeting to review the performance of
Published 05 Mar, 2016 12:00am
China defence spending to rise '7 to 8 percent' in 2016

China defence spending to rise '7 to 8 percent' in 2016

China will raise its defence spending by seven to eight percent this year, a top official said Friday, a smaller increase than the double-digit rises of the past as Beijing seeks a more efficient military. At the same time the rising power is increasing i
Published 05 Mar, 2016 12:00am
Germany demands France shut old nuclear plant near border

Germany demands France shut old nuclear plant near border

Germany demanded Friday that France close down its oldest nuclear plant, Fessenheim, near the German and Swiss borders - just one of several ageing atomic plants that are unsettling France's neighbours. "This power plant is very old, too old to still be i
Published 05 Mar, 2016 12:00am
UN delivers aid to rebel towns east of Syria capital

UN delivers aid to rebel towns east of Syria capital

The United Nations began delivering aid to three rebel towns east of Damascus on Friday, in the second distribution of assistance since a shaky truce began in Syria. Speaking to reporters before entering the Eastern Ghouta opposition bastion, UN chief aid
Published 05 Mar, 2016 12:00am
Russia voices 'deep concern' over North Korea's nuclear rhetoric

Russia voices 'deep concern' over North Korea's nuclear rhetoric

Russia on Friday voiced "deep concern" and urged restraint after North Korean leader Kim Jong-Un ordered that his country's nuclear arsenal be readied for pre-emptive use at any time. "We are following the development of the situation very closely and hop
Published 05 Mar, 2016 12:00am
EU increases sanctions against North Korea

EU increases sanctions against North Korea

The EU on Friday imposed additional punitive measures against North Korea over recent nuclear and ballistic missile tests carried out in defiance of United Nations resolutions. The 28-nation bloc said it was adding 16 North Korean individuals and 12 entit
Published 05 Mar, 2016 12:00am
Mahathir joins with old enemies to push out Prime Minister

Mahathir joins with old enemies to push out Prime Minister

Former Malaysian leader Mahathir Mohamad on Friday joined hands with long-standing foes, including the party of the jailed Anwar Ibrahim, to crank up pressure on scandal-plagued Prime Minister Najib Razak to quit, marking a seismic political shift.
Published 05 Mar, 2016 12:00am
Japan PM halts US base construction in Okinawa for now

Japan PM halts US base construction in Okinawa for now

Japanese Prime Minister Shinzo Abe announced Friday he has agreed to suspend construction of a controversial US military base on Okinawa, a rare conciliatory step aimed at easing tension with the southern island. Still, Abe reiterated there is no change t
Published 05 Mar, 2016 12:00am
World leaders hail 'real progress' in Syria despite fresh strikes

World leaders hail 'real progress' in Syria despite fresh strikes

World leaders hailed "real progress" in Syria on Friday, but fresh air strikes showed the fragility of the week-old truce and the many obstacles still in the way of peace talks. Warplanes struck a key rebel bastion east of the Syrian capital for the first
Published 05 Mar, 2016 12:00am
Serbia calls early election for April

Serbia calls early election for April

Serbia's president on Friday called an early parliamentary election for April, with pro-European Prime Minister Aleksandar Vucic expected to strengthen his grip on power in the Balkan country's third vote in four years. President Tomislav Nikolic said in
Published 05 Mar, 2016 12:00am
Myanmar government, Suu Kyi party tussle over handover ceremony

Myanmar government, Suu Kyi party tussle over handover ceremony

Aung San Suu Kyi's party on Friday said that outgoing Myanmar President Thein Sein was snubbing part of their handover ceremony plans, as tensions over the looming political transition begin to pervade even logistical arrangements. A sweeping win in Novem
Published 05 Mar, 2016 12:00am
Spain says could replace Britain as 'privileged partner' of US
Currency

Spain says could replace Britain as 'privileged partner' of US

Spain could supplant Britain as the "privileged partner" of the United States in Europe if Britain leaves the EU, Spanish Foreign Minister Jose Manuel Garcia-Margallo said Friday. "An enormous effort has been carried out to intensify ties with the United
Published 05 Mar, 2016 12:00am
Four dead in Mexico as cathedral scaffolding collapses

Four dead in Mexico as cathedral scaffolding collapses

Four workers died and 19 were injured when the scaffolding of a cathedral under construction in southern Mexico collapsed, authorities said Friday. Authorities are investigating what caused the structure to fall on Thursday afternoon in the town of Tuxtep
Published 05 Mar, 2016 12:00am
No more short-term managers, Hiddink tells Chelsea

No more short-term managers, Hiddink tells Chelsea

Chelsea must end their hire-and-fire approach and make sure the club's next manager is a long-term appointment, interim boss Guus Hiddink said on Friday. The Dutchman has overseen a dramatic turnaround in fortunes, helping the champions climb to 10th in t
Published 05 Mar, 2016 12:00am
PCB forms committee to investigate into Asia Cup debacle

PCB forms committee to investigate into Asia Cup debacle

Pakistan Cricket Board (PCB) Chairman Shaharyar M Khan has decided to form a Special Committee to probe team's poor performance in the Asia Cup and also to examine the selection process for the World T20. The committee will be comprised Shakil Sheikh, Cha
Published 05 Mar, 2016 12:00am
FIA approves new F1 qualifying format

FIA approves new F1 qualifying format

Formula One's governing body has voted in favour of a new elimination-style qualifying format that will be implemented from this month's Australian season-opener, a well-placed source said on Friday. Speaking from Geneva, where the FIA's World Motor Sport
Published 05 Mar, 2016 12:00am
Pakistan post consolation win over Sri Lanka

Pakistan post consolation win over Sri Lanka

Pakistan put their disappointment at not making the Asia Cup final behind them in Dhaka on Friday, with a consolation six-wicket win against Sri Lanka in their final match. Pakistan's top-order batsmen finally hit some form to help the side reach 151-4 in
Published 05 Mar, 2016 12:00am
Djokovic, Murray sprint through Davis Cup openers

Djokovic, Murray sprint through Davis Cup openers

Novak Djokovic and Andy Murray sprinted through their Davis Cup openers on Friday to edge Serbia and defending champions Great Britain closer to a dream quarter-final showdown. World number one Djokovic showed no signs of the eye infection which brought h
Published 05 Mar, 2016 12:00am
Australian dollar on track for largest weekly gain since early October

Australian dollar on track for largest weekly gain since early October

The Australian dollar held near three-month highs on Friday, putting it on track for the largest weekly gain in nearly five months as rallying iron ore prices and supportive domestic data buoyed risk sentiment. The Aussie stood at $0.7345, not far from Th
Published 05 Mar, 2016 12:00am
Sterling strengthens, on track for best week since late 2009
Currency

Sterling strengthens, on track for best week since late 2009

Sterling rose to its highest in nearly two weeks against the dollar on Friday after the monthly US jobs report led investors trim bets in favour of the greenback, leaving the pound on track for its best week since late-2009. It ceded ground against the eu
Published 05 Mar, 2016 12:00am
Canadian dollar strengthens to new 12-week high
Exchange

Canadian dollar strengthens to new 12-week high

The Canadian dollar strengthened to a 12-week high against its US counterpart on Thursday as base and precious metal prices rallied, although it underperformed other commodity-related and European currencies. The currency extended its recovery from a 12-y
Published 05 Mar, 2016 12:00am
Rupiah scales nine-month peak; won leads weekly gains
Currency

Rupiah scales nine-month peak; won leads weekly gains

The Indonesian rupiah hit a nine-month high and the Singapore dollar rose to its strongest in four months on Friday, after soft US service sector employment data reinforced the view the Federal Reserve will raise interest rates only gradually. Emerging As
Published 05 Mar, 2016 12:00am
Sri Lankan rupee forwards down
Currency

Sri Lankan rupee forwards down

Sri Lankan rupee forwards ended weaker on Friday on dollar demand from importers and as foreign investors sold government securities, dealers said. Fitch's downgrade of Sri Lanka's sovereign rating also weighed on the currency, said some dealers, adding t
Published 05 Mar, 2016 12:00am
Dollar falls against euro on worries over US labour market
Currency

Dollar falls against euro on worries over US labour market

The US dollar was set to post its biggest one-day percentage decline against the euro in more than three weeks on Thursday after data showing a decline in US service sector employment added to worries over Friday's monthly US jobs data. The euro rose to a
Published 05 Mar, 2016 12:00am
US dollar falls in early trade
Currency

US dollar falls in early trade

The US dollar hit one-week lows against the euro and fell against the yen on Friday after a drop in US wages in February overshadowed strong jobs growth and supported views that the Federal Reserve was in no hurry to hike interest rates. Average hourly ea
Published 05 Mar, 2016 12:00am
Dollar dips before US payrolls data
Currency

Dollar dips before US payrolls data

The dollar lost more ground against the euro on Friday after its biggest decline in a month a day earlier, with markets on edge before official US jobs numbers due later in the session. The US currency has gained against the euro for the past month, helpe
Published 05 Mar, 2016 12:00am
Dollar on defensive, US jobs data awaited for potential relief
Currency

Dollar on defensive, US jobs data awaited for potential relief

The dollar was on the defensive against its peers on Friday after soft service sector employment data dampened expectations the Federal Reserve would hike interest rates soon, looking to US non-farm payrolls later in the session for possible relief. The e
Published 05 Mar, 2016 12:00am
FTSE outperforms as mining shares hit four-month high

FTSE outperforms as mining shares hit four-month high

Britain's mining index climbed to a four-month high on Friday, boosted by a rally in the prices of major industrial metals. Glencore, Anglo American, BHP Billiton , Antofagasta and Rio Tinto rose by 3.2 to 5.7 percent, helping the index to climb 3.9 perce
Published 05 Mar, 2016 12:00am
Southeast Asian stocks rise ahead of US jobs data
Exchange

Southeast Asian stocks rise ahead of US jobs data

Southeast Asian stock markets rose along with Asia on Friday, with Singapore notching up best weekly gain since October amid strength in the city-state's currency, while the region advanced on the week as risk sentiment in global markets improved. The key
Published 05 Mar, 2016 12:00am
Australia shares notch up biggest weekly gain of 2016

Australia shares notch up biggest weekly gain of 2016

Australian shares edged to near two-month highs, clocking their biggest weekly percentage advance since October 2015, as commodity price gains underpinned the mining and financial sectors, while New Zealand stocks also struck a record peak. During midday
Published 05 Mar, 2016 12:00am
European shares rise after US jobs report

European shares rise after US jobs report

European shares rose on Friday after strong US jobs data eased concerns of a possible recession in the world's largest economy, with Gemalto lifted by solid results and miners boosted by firmer metal prices. The pan-European FTSEurofirst 300 index, which
Published 05 Mar, 2016 12:00am
Indian shares edge higher; post best weekly gain

Indian shares edge higher; post best weekly gain

Indian shares edged higher on Friday, posting their best weekly gain in more than four years, tracking gains in Asian markets and on improved risk appetite after the government unveiled a fiscally prudent budget earlier this week. The benchmark BSE index
Published 05 Mar, 2016 12:00am
South African stocks lifted by commodity rally
Exchange

South African stocks lifted by commodity rally

South Africa's rand rose to its highest in more than a week against the US dollar on Friday, shrugging off a jump in US employment, while stocks climbed to a new three-month high, spurred by a global commodities rally, particularly in metals. By 1615 GMT,
Published 05 Mar, 2016 12:00am
China stocks rise for fourth day

China stocks rise for fourth day

China stocks rose for their fourth straight day on Friday, as a tumble in small-caps triggered by supply fears was offset by a surge in banks amid speculation that government-backed investors helped stabilise the market ahead of a key meeting by China's p
Published 05 Mar, 2016 12:00am
US bond prices edge higher on steady oil, jobs data eyed

US bond prices edge higher on steady oil, jobs data eyed

US Treasury debt prices traded higher on Thursday as oil and stocks stabilised and as investors focused on February's employment report due on Friday for further signs of economic momentum. Brent crude prices, which are up about 35 percent from last month
Published 05 Mar, 2016 12:00am
US bond prices edge higher on steady oil, jobs data eyed

US bond prices edge higher on steady oil, jobs data eyed

US Treasury debt prices traded higher on Thursday as oil and stocks stabilised and as investors focused on February's employment report due on Friday for further signs of economic momentum. Brent crude prices, which are up about 35 percent from last month
Published 05 Mar, 2016 12:00am
Vietnam index ends higher

Vietnam index ends higher

Vietnam's benchmark VN Index closed 0.57 percent higher on Friday, its fourth consecutive daily gain, as energy stocks climbed after global oil prices rose following falls in US oil output. PetroVietnam Gas, the country's fourth-biggest firm by market val
Published 05 Mar, 2016 12:00am
South Korean stocks edge down

South Korean stocks edge down

South Korean stocks closed slightly down on Friday but posted a third consecutive week of gains as eased concerns about the global economy boosted the appetite for risk assets around the world. "The recent rebounding trend from a long period of slump prev
Published 05 Mar, 2016 12:00am
Wall Street snaps up shares in late-day scramble

Wall Street snaps up shares in late-day scramble

Wall Street moved higher on Thursday, adding momentum to a recent recovery as the energy and financial sectors emerged into positive territory for the year. The S&P 500's increase was the most recent in four weeks of mostly steady gains that have left the
Published 05 Mar, 2016 12:00am
Early trade in New York: US stocks higher in choppy trading

Early trade in New York: US stocks higher in choppy trading

US stocks were higher in choppy trading on Friday as data showing the economy added more jobs than expected last month was tempered by a drop in wages and hours worked. Nonfarm payrolls increased by a 242,000 jobs last month, the Labor Department said on
Published 05 Mar, 2016 12:00am
Tokyo stocks edge higher as dealers eye key US jobs report

Tokyo stocks edge higher as dealers eye key US jobs report

Tokyo stocks closed higher Friday, notching up their fourth consecutive rise as investors looked ahead to a key US jobs report and an annual policy meeting of China's leaders at the weekend. The report, which comes on the back of a string of improving dat
Published 05 Mar, 2016 12:00am
Negative rates encourage Japan firms to issue long-dated bonds
Libor

Negative rates encourage Japan firms to issue long-dated bonds

The Bank of Japan's (BOJ) decision to impose negative interest rates has spurred some companies to seek to lock in cheap funding with long maturities that investors once balked at. Traditionally, investors deemed only a few companies such as utilities and
Published 05 Mar, 2016 12:00am
Negative rates encourage Japan firms to issue long-dated bonds
Libor

Negative rates encourage Japan firms to issue long-dated bonds

The Bank of Japan's (BOJ) decision to impose negative interest rates has spurred some companies to seek to lock in cheap funding with long maturities that investors once balked at. Traditionally, investors deemed only a few companies such as utilities and
Published 05 Mar, 2016 12:00am
Forty big banks test blockchain-based bond trading system
Exchange

Forty big banks test blockchain-based bond trading system

Forty of the world's biggest banks, including HSBC and Citi, have tested a system for trading fixed income using the technology that underpins bitcoin, fintech company R3 CEV said. The banks are part of a consortium of 42 major lenders, brought together l
Published 05 Mar, 2016 12:00am
More oil industry spending cuts to hit production outlook: IEA

More oil industry spending cuts to hit production outlook: IEA

The oil industry cut investment spending by more than $100 billion last year and another round of major cuts this year is expected to hit the production outlook, the International Energy Agency's chief economist said on Friday. Laszlo Varro told Reuters i
Published 05 Mar, 2016 12:00am
Facebook to pay more taxes in Britain

Facebook to pay more taxes in Britain

Facebook on Friday said it would declare advertising revenue from its top British clients in Britain instead of Ireland, where it has its European headquarters, meaning it will have to pay more tax. "On Monday we will start notifying large UK customers th
Published 05 Mar, 2016 12:00am
HK home sales hit record lows in first two months of year

HK home sales hit record lows in first two months of year

Hong Kong home sales volume hit record lows in the first two months of the year, official data showed, adding to the gloom of weak earnings reports from the city's developers, and mixed pricing for two recent government land tenders. January and February
Published 05 Mar, 2016 12:00am
Malaysia's January exports unexpectedly fall

Malaysia's January exports unexpectedly fall

Malaysia's January exports fell for the first time in eight months on weak global economic conditions and a slide in oil and gas shipments, government data showed on Friday, confounding economists' expectations for a rise. Exports in January declined 2.8
Published 05 Mar, 2016 12:00am
US payrolls surge, bolster Fed rate hike prospects

US payrolls surge, bolster Fed rate hike prospects

US employment gains surged in February, the clearest sign yet of labor market strength that could further ease fears the economy was heading into recession and allow the Federal Reserve to gradually raise interest rates this year. Nonfarm payrolls increas
Published 05 Mar, 2016 12:00am
Yahoo exploring sale of $1 billion-$3 billion in 'non-core assets': CFO

Yahoo exploring sale of $1 billion-$3 billion in 'non-core assets': CFO

Yahoo Inc is exploring the sale of $1 billion to $3 billion of patents, property and other "non-core assets," its chief financial officer said on Thursday. Yahoo CFO Ken Goldman told the Morgan Stanley Technology, Media and Telecom Conference that a commi
Published 05 Mar, 2016 12:00am
Mugabe says will nationalise Zimbabwe's diamond mines
Exchange

Mugabe says will nationalise Zimbabwe's diamond mines

Zimbabwean President Robert Mugabe has announced that the government will take over all the country's diamond mines to stop foreign firms syphoning off gems without declaring them. "We have not received much (money) from the diamond industry at all," Muga
Published 05 Mar, 2016 12:00am
Zurich Insurance cuts 2015 pay for top management

Zurich Insurance cuts 2015 pay for top management

Zurich Insurance cut 2015 pay for its top management by more than half after they failed to meet major performance targets, the Swiss insurer said in its annual report published on Friday. Total 2015 pay for the 13 members of Zurich's top management team
Published 05 Mar, 2016 12:00am
US MIDDAY: soybeans surge on short-covering

US MIDDAY: soybeans surge on short-covering

US soybean futures climbed 1.5 percent on Friday as investors covered short positions due to strong demand. Chicago wheat eased, but the market was set for a big weekly gain on concerns over dry weather in parts of the US Plains. Corn also climbed, on str
Published 05 Mar, 2016 12:00am
Global coffee exports ease slightly in January

Global coffee exports ease slightly in January

Global coffee exports were down slightly in January but have inched up 1.7 percent in the first four months of the 2015/16 marketing year, International Coffee Organisation data showed on Friday. World coffee exports reached 8.96 million 60-kg bags in Jan
Published 05 Mar, 2016 12:00am
Gold holds steady after US jobs data beats forecasts
Exchange

Gold holds steady after US jobs data beats forecasts

Gold held onto the previous session's 2 percent gains on Friday as strong underlying investment demand helped prices rebound from a sharp drop in the wake of forecast-beating US payrolls data. Earlier gold hit its highest in 13 months, having been driven
Published 05 Mar, 2016 12:00am
Gold holds near 13-month high in Asian trade
Exchange

Gold holds near 13-month high in Asian trade

Gold edged lower on Friday, but was not far off a 13-month peak reached in the prior session when a weaker dollar and technical buying gave bullion its best day in two weeks. Investors are eyeing crucial US nonfarm payrolls data due later in the day, wher
Published 05 Mar, 2016 12:00am
Raw sugar steadies after reaching six-week peak; arabica firm
Currency

Raw sugar steadies after reaching six-week peak; arabica firm

Raw sugar on ICE steadied after rising to a 6-week high on Friday, after extending gains in a technically strong market on support from a firmer Brazilian currency and possible delays to the start of the cane harvest in Brazil due to rains. Arabica coffee
Published 05 Mar, 2016 12:00am
Palm oil gains tracking competing vegetable oils
Vegetable Oil

Palm oil gains tracking competing vegetable oils

Malaysian palm oil futures rose on Friday tracking competing vegetable oils and was poised to gain for a second consecutive day, although upsides were seen capped by a stronger ringgit. The palm oil contract for May delivery on the Bursa Malaysia Derivati
Published 05 Mar, 2016 12:00am
Ukraine rapeseed exports to Europe may fall a third

Ukraine rapeseed exports to Europe may fall a third

Ukraine's rapeseed exports to the European Union are likely to fall by around a third in the 2016/17 season due to a smaller harvest and a redirecting of exports to other markets, analyst UkrAgroConsult said. Ukraine's rapeseed harvest is likely to fall t
Published 05 Mar, 2016 12:00am
Indian soybean ends lower on weak meal exports
Exchange

Indian soybean ends lower on weak meal exports

Indian soybean futures edged lower on Friday as millers stayed away from buying due to weak export demand for meal or animal feed, while rapeseed ended lower on continued arrivals of the new harvest. The March soybean contract on the National Commodity &
Published 05 Mar, 2016 12:00am
Tokyo rubber surges
Exchange

Tokyo rubber surges

Benchmark Tokyo rubber futures surged to a 3-month high on Friday as risk appetite grew on the back of a recovery in commodity prices and strong price momentum, helping it mark its biggest weekly gain since May 2013. The Tokyo Commodity Exchange (TOCOM) f
Published 05 Mar, 2016 12:00am
Oil prices revive rally on US jobs data

Oil prices revive rally on US jobs data

Oil prices rallied again on Friday after a one-day pause, buoyed by strong US jobs data and technical buying after crude prices breached resistance levels on charts. Prices got an additional boost when data showed the US oil rig count fell by eight this w
Published 05 Mar, 2016 12:00am
Copper jumps to highest in four months as dollar falls
Exchange

Copper jumps to highest in four months as dollar falls

Copper prices climbed to their highest in four months on Friday after US data showed strong jobs growth combined with low wages, lessening the threat of a early interest rate rise. Average hourly earnings fell three cents in February even as non-farm payr
Published 05 Mar, 2016 12:00am
Shanghai copper stocks hit record high
Exchange

Shanghai copper stocks hit record high

Copper stocks monitored by the Shanghai Futures Exchange surged 10.5 percent this week, hitting a record high, data from the exchange showed on Friday. Copper stocks were at 305,106 tonnes, up more than 70 percent from late 2015. The stocks started rising
Published 05 Mar, 2016 12:00am
China 2015/16 soybean imports seen up six percent

China 2015/16 soybean imports seen up six percent

China's soybean imports are forecast to climb 6 percent in the year to September 2016 on higher demand for animal feed, while corn purchases will decline as the country takes steps to cut domestic inventories, a senior industry official said. The country
Published 05 Mar, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday due to bargain-buying after a four-day skid. Limited farmer selling also supported higher prices, a trader said. China's new canola shipping standard concerns market. Paterson Grain said on Wednesday that it w
Published 05 Mar, 2016 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 Mar, 2016 12:00am
Insipid business on cotton market in absence of major buyers
Cotton

Insipid business on cotton market in absence of major buyers

As a result of lack of buying interest, leading buyers kept on the sidelines on the cotton market on Friday, dealers said. The official spot rate was unchanged at Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 1500-2700, and in Punjab pri
Published 05 Mar, 2016 12:00am
Jhagra takes oath as Governor KP

Jhagra takes oath as Governor KP

Senior PML-N leader Iqbal Zafar Jhagra took oath as Governor Khyber Pakhtunkhwa at Governor's House, Peshawar on Friday. The Chief Justice of Peshawar High Court, Justice, Mazhar Alam Khan Miankhel administered the oath to him. Chief Minister, Parvez Khan
Published 05 Mar, 2016 12:00am
Brazilian Lula detained in Petrobras corruption probe
Currency

Brazilian Lula detained in Petrobras corruption probe

Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. Lula's
Published 05 Mar, 2016 12:00am
Brazilian Lula detained in Petrobras corruption probe
Currency

Brazilian Lula detained in Petrobras corruption probe

Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. Lula's
Published 05 Mar, 2016 12:00am