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Print - 2016-03-17
US data points to firming economy, inflation

US data points to firming economy, inflation

Underlying US inflation increased more than expected in February as rents and medical costs maintained their upward trend, which could keep the Federal Reserve on course to gradually raise interest rates this year.
Published 17 Mar, 2016 12:00am
Ziauddin University organises symposium on gynaecology

Ziauddin University organises symposium on gynaecology

"The severity of Ovarian Cancer in Pakistan is of prime importance as around 13.6 percent of females have been suffering from this cancer in the country and around 70 percent are diagnosed at advanced stages only," said health experts in a session of inte
Published 17 Mar, 2016 12:00am
Posh areas: foreigners share particulars with police

Posh areas: foreigners share particulars with police

Following the directives of Interior Minister Chaudhry Nisar Ali Khan, foreigners living in 303 houses located in the city posh areas have shared their particulars with police. The Interior Minister on March 15 directed police to block the entry and exit
Published 17 Mar, 2016 12:00am
UHS, Cleft Hospital sign accord

UHS, Cleft Hospital sign accord

The University of Health Sciences in Lahore, and the Cleft Hospital, Gujrat have entered an agreement to promote cooperation in education and research in cleft lip surgery.The agreement signed on Wednesday by university Vice Chancellor Muhammad Aslam and
Published 17 Mar, 2016 12:00am
Interior Ministry starts geo mapping of seminaries

Interior Ministry starts geo mapping of seminaries

Interior Ministry has started Geo Mapping of seminaries (Madaris) throughout the country as per National Action Plan (NAP). After completion of Geo Mapping of seminaries, the ministry will be able to provide total figure of madaris and it is provincial re
Published 17 Mar, 2016 12:00am
IGP asks police to take 'brave' actions against crimes

IGP asks police to take 'brave' actions against crimes

Inspector General Police (IGP) Sindh AD Khawaja on Wednesday directed police officers to discharge their responsibilities by taking prompt actions against criminals without any discrimination.
Published 17 Mar, 2016 12:00am
'Liquidity crunch hurting textile exports'

'Liquidity crunch hurting textile exports'

Chairman of All Pakistan Textile Mills Association (APTMA) Tariq Saud has said the liquidity crunch of large manufacturers cum exporters has started hurting the textile industry exports seriously due to the pending sales tax refunds. Consequently, he said
Published 17 Mar, 2016 12:00am
CPEC true manifestation of Sino-Pak friendship: KP Governor

CPEC true manifestation of Sino-Pak friendship: KP Governor

Khyber Pakhtunkhwa Governor Eng. Iqbal Zafar Jhagra has said Pakistan and China were bound together in strong ties and the people of both countries had stood by each other in the moments of successes and trials. He said Pakistan and China are 'Iron Brothe
Published 17 Mar, 2016 12:00am
IESCO arrests 66 power culprits

IESCO arrests 66 power culprits

Chief Executive IESCO Dr Rana Abdul Jabbar Khan has said that campaign against theft of electricity is carried on in IESCO region and 66 power culprits apprehended during the current month of March. According to the details, CEO IESCO has said that 15 pow
Published 17 Mar, 2016 12:00am
PEC for new strategy to strengthen industry-academia linkages

PEC for new strategy to strengthen industry-academia linkages

Pakistan Engineering Council (PEC) is working on a new, comprehensive and well organised strategy to strengthen industry-academia linkages and help industry to implement knowledge based innovations by the end of 2016 and kick start a new era of industrial
Published 17 Mar, 2016 12:00am
Book on Shariah Advisory Boards launched

Book on Shariah Advisory Boards launched

The Centre for Excellence in Islamic Finance (CEIF) IMSciences has launched a book titled "Maliyati Idaaray aur Shariah Advisory Board, Zaroorat, Zimmidaria, Zaabtay (Tanqeedi Jayeza), here on Wednesday. Dr Lutf Ullah Saqib and Mufti Muhammad Iqbal are th
Published 17 Mar, 2016 12:00am
KP announces first-ever Tourism Policy

KP announces first-ever Tourism Policy

The Pakistan Tehreek-e-Insaf (PTI) led Khyber Pakhtunkhwa government on Wednesday announced 'Tourism Policy' to attract tourists and provide better facilities to them in the province. Under the policy, the Tourism Corporation Khyber Pakhtunkhwa (TCKP) has
Published 17 Mar, 2016 12:00am
US student sentenced to 15 years hard labour in North Korea

US student sentenced to 15 years hard labour in North Korea

North Korea's supreme court sentenced American student Otto Warmbier, who was arrested while visiting the country, to 15 years of hard labour on Wednesday for crimes against the state. Warmbier, a 21-year-old University of Virginia student, was detained i
Published 17 Mar, 2016 12:00am
Obama unveils centrist Garland as Supreme Court pick

Obama unveils centrist Garland as Supreme Court pick

President Barack Obama chose the centrist judge Merrick Garland for a pivotal vacancy on the Supreme Court Wednesday, warning Republican foes their "unprecedented" refusal to consider his nominee threatens the integrity of US institutions.
Published 17 Mar, 2016 12:00am
Brazil's former president Lula named chief of staff

Brazil's former president Lula named chief of staff

Brazil's embattled President Dilma Rousseff has named her predecessor and mentor Luiz Inacio Lula da Silva as her new chief of staff, her office said Wednesday. The move comes as the two leftists who have led Brazil for the past 13 years fight for their p
Published 17 Mar, 2016 12:00am
Denmark world's happiest country, Burundi least

Denmark world's happiest country, Burundi least

Denmark overtook Switzerland as the world's happiest place, according to a report on Wednesday that urged nations regardless of wealth to tackle inequality and protect the environment.
Published 17 Mar, 2016 12:00am
Germany and France criticise Israel for seizing West Bank land

Germany and France criticise Israel for seizing West Bank land

Germany and France on Wednesday criticised Israel's decision to appropriate large tracts of land in the occupied West Bank, saying the move violated international law and contradicted a two-state solution to the Israeli-Palestinian conflict.
Published 17 Mar, 2016 12:00am
Iraqi army plane crashes, IS claims downing it

Iraqi army plane crashes, IS claims downing it

An Iraqi army plane went down Wednesday near Kirkuk, with the military blaming a technical problem but the Islamic State group claiming its fighters shot it down. A high-ranking military source told AFP that the plane crashed during a reconnaissance fligh
Published 17 Mar, 2016 12:00am
Palestinian shot dead in West Bank was Hamas fighter

Palestinian shot dead in West Bank was Hamas fighter

Hamas's military wing said Wednesday one of its members was involved in an attack in the occupied West Bank, in what was thought to be the first such acknowledgement since a wave of violence began in October. The Ezzedine al-Qassam Brigades, in a statemen
Published 17 Mar, 2016 12:00am
Two suicide bombers kill 22 at mosque in Nigeria

Two suicide bombers kill 22 at mosque in Nigeria

Two female suicide bombers killed 22 people on Wednesday at a mosque outside the north-eastern Nigerian city of Maiduguri, the heart of a seven-year-old insurgency by Islamist Boko Haram militants, a military spokesman said. The attack, which also wounded
Published 17 Mar, 2016 12:00am
Syria Kurds set to unify region in push for federal system

Syria Kurds set to unify region in push for federal system

Kurdish-led parties are preparing to declare a unified region in areas under their control in northern Syria, representatives said Wednesday, as they push a federal model for governing the country. The move, which would expand an already existing system o
Published 17 Mar, 2016 12:00am
Pro-Russia opposition joins Syria peace talks

Pro-Russia opposition joins Syria peace talks

Peace talks to end the war in Syria intensified Wednesday with the inclusion of a pro-Russian opposition group, as the UN widened efforts to find a political solution to the five-year conflict. The entry into the Geneva talks of the so-called Moscow Group
Published 17 Mar, 2016 12:00am
Three migrants dead as 2,400 rescued off Libya

Three migrants dead as 2,400 rescued off Libya

More than 2,400 migrants and three corpses have been recovered from people smugglers' boats off Libya since Tuesday, Italy's coastguard said Wednesday. After several quiet weeks, the figures represent a pick-up in the flow of migrants attempting to reach
Published 17 Mar, 2016 12:00am
Migrant arrivals in Greece top one million since January 2015

Migrant arrivals in Greece top one million since January 2015

More than one million migrants and refugees have entered Greece since January last year, the United Nations refugee agency said Wednesday. "More than one million people, mostly refugees from Syria, Iraq and Afghanistan, have now crossed into Greece since
Published 17 Mar, 2016 12:00am
Aussie, kiwi slip

Aussie, kiwi slip

The Australian and New Zealand dollars were nursing losses on Wednesday after renewed weakness in iron ore and dairy prices weighed on risk appetite, sending investors to the safety of the yen. The New Zealand dollar was the hardest hit after internationa
Published 17 Mar, 2016 12:00am
Sterling slides

Sterling slides

Sterling fell along with most other currencies against the dollar on Wednesday, as wage and jobs data that beat forecasts failed to offset threats to the economy from Britain's 2016 budget and coming Brexit referendum. The impact of more spending cuts and
Published 17 Mar, 2016 12:00am
Sri Lankan rupee forwards ease
Currency

Sri Lankan rupee forwards ease

Sri Lankan rupee forwards ended weaker on Wednesday on importer dollar demand amid growing uncertainty after the announcement of new tax hikes weighed on the currency, dealers said. One-week rupee forwards, which act as a proxy for the spot currency, ende
Published 17 Mar, 2016 12:00am
Asian currencies mixed; baht reaches seven-month high
Currency

Asian currencies mixed; baht reaches seven-month high

The Thai baht hit a seven-month high against the dollar on Wednesday, showing resilience despite potential risks from the US Federal Reserve's policy statement due later in the day. Moves among Asian currencies were mixed, with the baht and Philippine pes
Published 17 Mar, 2016 12:00am
Yuan weakens
Currency

Yuan weakens

China's yuan edged lower on Wednesday after the central bank fixed a weaker midpoint for a third straight day as the market awaited possible policy-related messages on the currency from Premier Li Keqiang. Premier Li said in earlier remarks in an ongoing
Published 17 Mar, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.40-78.40 (previous 78.40-78.40). 02.50-04.50 percent (Previous 01.00-04.50 percent).
Published 17 Mar, 2016 12:00am
Dollar plummets against yen in New York
Currency

Dollar plummets against yen in New York

The dollar fell sharply against the yen on Tuesday after the Bank of Japan left interest rates unchanged and weak US retail sales data compounded investors' search for safety as oil tumbled and equity markets globally turned lower. Six weeks after shockin
Published 17 Mar, 2016 12:00am
Early trade in New York: dollar rises broadly

Early trade in New York: dollar rises broadly

The dollar rose broadly on Wednesday, moving in a tight range after solid US economic data, as investors positioned for fresh guidance from the Federal Reserve on when US interest rates are likely to rise. US core inflation increased more than expected in
Published 17 Mar, 2016 12:00am
Dollar climbs in Europe before Fed outcome
Currency

Dollar climbs in Europe before Fed outcome

The dollar climbed against a basket of currencies and rose against the yen on Wednesday, as investors positioned for fresh guidance from the Federal Reserve on when US interest rates are likely to rise. The dollar index rose 0.25 percent to 96.874, pullin
Published 17 Mar, 2016 12:00am
Dollar on hold in Asia as Fed outcome looms
Currency

Dollar on hold in Asia as Fed outcome looms

The dollar was in a holding pattern on Wednesday as markets waited for fresh guidance from the Federal Reserve, while a fall in dairy prices knocked the New Zealand currency broadly lower. The dollar index stood at 96.743, stuck in familiar territory sinc
Published 17 Mar, 2016 12:00am
BoJ's policy suspense leaves FX traders in limbo
Currency

BoJ's policy suspense leaves FX traders in limbo

Forex traders complain that market liquidity in the dollar/yen, the world's second-most traded currency pair, falls to abysmal levels on days when the Bank of Japan announces its policy decisions, and they are blaming the central bank for that.
Published 17 Mar, 2016 12:00am
SBC visits PBIT headquarters

SBC visits PBIT headquarters

Swiss Business Council has visited the headquarters of Punjab Board of Investment and Trade (PBIT) to discuss the next steps aimed at increasing trade and cementing the bond by signing a memorandum of understanding.
Published 17 Mar, 2016 12:00am
KP CM for expediting work on Safe City Project
Exchange

KP CM for expediting work on Safe City Project

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed the authorities concerned to expedite work on Safe City Peshawar project adding that implementation of anti-terrorist laws and effective check and balance on entry points should also be ensured
Published 17 Mar, 2016 12:00am
Sharmeen's work attracts large audience at UN

Sharmeen's work attracts large audience at UN

A screening of the Oscar-winning Pakistani filmmaker Sharmeen Obaid Chinoy's documentary 'A Girl in the River' was held at the UN to a packed-to-capacity hall. Organised by Pakistan's Mission to the UN and co-sponsored by UN-Women in conjunction with Equa
Published 17 Mar, 2016 12:00am
President lauds humanitarian work of IFRC, PRCS

President lauds humanitarian work of IFRC, PRCS

President Mamnoon Hussain Wednesday admired the humanitarian and noble work of International Federation of Red Cross (IFRC) and Pakistan Red Crescent Society (PRCS). The President welcomed cooperation from the friendly countries and IFRC in different welf
Published 17 Mar, 2016 12:00am
Swiss CG visits LUMS

Swiss CG visits LUMS

Swiss Consul General in Karachi Emil Wyss visited Lahore University of Management Sciences (LUMS) where he met Vice Chancellor LUMS Dr Sohail Naqvi.
Published 17 Mar, 2016 12:00am
SECP registers 490 companies in February
Exchange

SECP registers 490 companies in February

The Securities and Exchange Commission of Pakistan (SECP) registered 490 new companies in February, an increase of seven percent as compared to the same month of the preceding year. Around 89 percent companies have been registered as private limited compa
Published 17 Mar, 2016 12:00am
Shehzad Roy features in IMC song

Shehzad Roy features in IMC song

Indus Motor Co is launching a passionate 3-minute video song on the theme of 'Zindabad', featuring Shehzad Roy, a leading singer who has many awards to his credit. Shehzad Roy renders the song in his typical adventurous style while he drives a Toyota Fort
Published 17 Mar, 2016 12:00am
PM felicitates newly-elected PML-N MPA Rahu

PM felicitates newly-elected PML-N MPA Rahu

Prime Minister Muhammad Nawaz Sharif Wednesday phoned Muhammad Ismail Rahu, newly elected PML-N member of Sindh Assembly and congratulated him on his victory over Sindh Assembly constituency PS-59 Badin.
Published 17 Mar, 2016 12:00am
UBL installs ATMs at Passport Office and Do-Darya

UBL installs ATMs at Passport Office and Do-Darya

True to its philosophy of customer-centricity and legacy of market-first initiatives, UBL is now the first amongst its competitors to successfully deploy round-the-clock ATM services at the Karachi Passport Office - a location that caters to thousands of
Published 17 Mar, 2016 12:00am
'Dengue Se Pak Pakistan' campaign launched

'Dengue Se Pak Pakistan' campaign launched

The Local Government & Community Development Department (LG&CDD), Health Department Punjab in collaboration with Mortein (Reckitt Benckiser Pakistan) and Plan International has launched a campaign to reduce the incidence of dengue across the province.
Published 17 Mar, 2016 12:00am
FTSE boosted by oil stocks and housebuilders after UK budget
Exchange

FTSE boosted by oil stocks and housebuilders after UK budget

Britain's top share index rose on Wednesday as oil and gas stocks and housebuilders rallied on the back of proposals in UK finance minister George Osborne's annual budget statement. Britain's FTSE 100 was up 0.6 percent at 6,175.49 points at its close, ou
Published 17 Mar, 2016 12:00am
Most SE Asian stocks little changed
Exchange

Most SE Asian stocks little changed

Most Southeast Asian stock markets were little changed on Wednesday as investors looked to the US Federal Reserve for cues on interest rate direction, with Malaysia recouping early losses on foreign-led buying.
Published 17 Mar, 2016 12:00am
Hong Kong shares down

Hong Kong shares down

Hong Kong shares finished down on Wednesday as investors sold shares on the final day of the annual meeting of China's parliament. Analysts said market participants might be taking profits protectively ahead of the closure of the National People's Congres
Published 17 Mar, 2016 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose on Wednesday, cheered by gains in Apple Inc's suppliers following the iPhone maker's strong rise on Wall Street overnight. As of 0222 GMT, the main TAIEX index rose 0.7 percent to 8,669.17, with the electronics subindex and financials s
Published 17 Mar, 2016 12:00am
European stocks end steady before Fed policy decision
Exchange

European stocks end steady before Fed policy decision

European stocks ended little changed on Wednesday, coming off session highs after a report showed US inflation rose more than expected last month, with gains for energy and auto company shares offset by a weaker banking sector.
Published 17 Mar, 2016 12:00am
China stocks higher

China stocks higher

China stocks closed up on Wednesday as the country's annual parliamentary session came to a close. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.5 percent, to 3,090.03, while the Shanghai Composite Index gained 0.2 perce
Published 17 Mar, 2016 12:00am
Indian shares bounce back

Indian shares bounce back

Indian shares clawed back losses to close higher on Wednesday, led by gains in beaten-down healthcare stocks such as Lupin and as a rise in crude oil prices propped up global markets. The benchmark BSE index rose 0.53 percent to end at 24,682.48, while th
Published 17 Mar, 2016 12:00am
Treasury prices cut gains

Treasury prices cut gains

US Treasury debt prices gave up most gains to trade narrowly mixed on Tuesday, as investors braced for the possibility the Federal Reserve could strike a more upbeat tone on the economy and consequentially raise interest rates at a faster pace than many i
Published 17 Mar, 2016 12:00am
Treasury prices cut gains

Treasury prices cut gains

US Treasury debt prices gave up most gains to trade narrowly mixed on Tuesday, as investors braced for the possibility the Federal Reserve could strike a more upbeat tone on the economy and consequentially raise interest rates at a faster pace than many i
Published 17 Mar, 2016 12:00am
Wall Street dips as healthcare lags
Exchange

Wall Street dips as healthcare lags

Healthcare and materials stocks pulled Wall Street lower on Tuesday in a second straight day of quiet trading as investors cautiously awaited news from the US Federal Reserve's two-day policy meeting. While the Fed is not expected to raise interest rates
Published 17 Mar, 2016 12:00am
Tokyo stocks fall
Currency

Tokyo stocks fall

Tokyo stocks slipped for a second day on Wednesday as investors kept a close eye on a Federal Reserve meeting, after Japan's central bank refrained from unleashing more stimulus. The US central bank, which concludes its latest policy meeting later in the
Published 17 Mar, 2016 12:00am
Australian shares up, New Zealand shares fall

Australian shares up, New Zealand shares fall

Australian shares edged up 0.15 percent on Wednesday, rebounding slightly from their biggest one-day loss percentage in three weeks in the previous session, drawing support from stronger financial stocks and despite weakness in resources. The S&P/ASX 200
Published 17 Mar, 2016 12:00am
British budget extends austerity, cuts growth outlook

British budget extends austerity, cuts growth outlook

Britain unleashed more austerity on Wednesday in its latest annual budget and cut its growth outlook, blaming the impact of global markets turbulence rooted in China. Finance minister George Osborne also warned that a potential 'Brexit', or departure from
Published 17 Mar, 2016 12:00am
China renews vow to avoid 'hard landing' as congress ends
Currency

China renews vow to avoid 'hard landing' as congress ends

China's economy will not suffer a "hard landing", Premier Li Keqiang said Wednesday, stepping up Beijing's charm offensive to reassure investors that the government can manage slowing growth. "We have long-term confidence in the Chinese economy and this c
Published 17 Mar, 2016 12:00am
German women earn one fifth less than men: data

German women earn one fifth less than men: data

Women in Germany earn around one fifth less than men, a wider gap than the European average, but the shortfall is narrower in the east of the country, official data showed on Wednesday. In raw or unadjusted terms, the gender pay gap stood at 21 percent in
Published 17 Mar, 2016 12:00am
Brazil government agrees to discount on states' debt
Exchange

Brazil government agrees to discount on states' debt

Brazil's federal government reached a debt relief agreement with state governors on Tuesday, offering a discount on debt repayments in exchange for fiscal reforms, the Finance Ministry said in a statement. The government will send the agreed-upon terms, i
Published 17 Mar, 2016 12:00am
SODIC doubles profits, sees silver lining in Egypt's currency crisis

SODIC doubles profits, sees silver lining in Egypt's currency crisis

SODIC, Egypt's third-largest listed real estate developer, more than doubled its full year profit in 2015 as demand for housing in Cairo's affluent eastern suburbs and coastal summer homes grows. The company reported on Wednesday a 108 percent rise in ful
Published 17 Mar, 2016 12:00am
Zimbabwe expects first IMF loan in nearly two decades

Zimbabwe expects first IMF loan in nearly two decades

Zimbabwe expects a loan from the International Monetary Fund(IMF) in the third quarter of this year, the first since 1999, after paying off foreign lenders by the end of June, the central bank governor said on Wednesday. President Robert Mugabe's governme
Published 17 Mar, 2016 12:00am
BoE says regulators may lighten capital burden on derivatives

BoE says regulators may lighten capital burden on derivatives

Global regulators will propose ways that could ease capital requirements for banks that clear large numbers of financial derivatives, a Bank of England official said on Tuesday. Banks have long campaigned for changes to a broad measure of capital to total
Published 17 Mar, 2016 12:00am
IMF head presses Laos to deepen reforms

IMF head presses Laos to deepen reforms

Communist-ruled Laos must deepen reforms to maintain its rapid expansion, the IMF chief said Tuesday at the end of a rare visit to one of the world's fastest growing economies.
Published 17 Mar, 2016 12:00am
Swedish FSA hikes bank buffers, wants more tools to tackle debts

Swedish FSA hikes bank buffers, wants more tools to tackle debts

Sweden's financial services watchdog said on Tuesday that banks would need to hold bigger capital buffers from 2017 and renewed a call for the legal backing for measures to deal with rising risks associated with household debt. The International Monetary
Published 17 Mar, 2016 12:00am
US CEOs less gloomy on economy, but only slightly

US CEOs less gloomy on economy, but only slightly

For the fourth consecutive quarter, US chief executives had a glum outlook on prospects for the world's largest economy despite a slight uptick from the previous quarter, according to a survey released on Tuesday. The Business Roundtable CEO Economic Outl
Published 17 Mar, 2016 12:00am
Peabody flags bankruptcy risk after skipping interest payment

Peabody flags bankruptcy risk after skipping interest payment

Peabody Energy Corp, the largest US coal producer, said it may have to seek bankruptcy protection as it did not have enough funds to continue operations. Falling demand for coal, tough environmental controls and cheaper natural gas have pushed several big
Published 17 Mar, 2016 12:00am
Modest trade on grain market

Modest trade on grain market

Rice prices were down on the wholesale grain market on Wednesday in the process of modest trading, dealers said. On the rice side, Irri-6 Sindh was lower by Rs 20 to Rs 2950-3000, Basmati No.386 (old) fell by Rs 200 to Rs 4000-4200, Basmati No.386 (new)
Published 17 Mar, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Hard red winter wheat spot basis bids were unchanged in the southern US Plains on Monday as rising futures triggered light selling by farmers, dealers said. K.C. HRW wheat futures for May delivery rose to a two-month high on short-covering. Prices were al
Published 17 Mar, 2016 12:00am
Steady conditions on cotton market
Cotton

Steady conditions on cotton market

A steady flow of buying by mills and spinners at lower rates kept prices firm on the cotton market on Wednesday, dealers said. The official spot rate was unchanged at Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab
Published 17 Mar, 2016 12:00am
Oil cake markets rates
Cotton

Oil cake markets rates

The March vaida was unchanged on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The March vaida closed at Rs 2051.60 and it commenced with no change at the same rate in the early hours, they said.
Published 17 Mar, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 100,241 tonnes of cargo comprising 75,505 tonnes of import cargo and 24,736 tonnes of export cargo including 6,002 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 17 Mar, 2016 12:00am
China's iron ore slides nearly seven percent
Exchange

China's iron ore slides nearly seven percent

Spot iron ore tumbled nearly 7 percent on Tuesday in its steepest decline in eight months as steel prices faltered, reflecting renewed pessimism towards the over-supplied market. The losses followed iron ore futures in China sliding almost 5 percent to pu
Published 17 Mar, 2016 12:00am
CBOT wheat futures down

CBOT wheat futures down

Wheat futures on the Chicago Board of Trade drifted lower on Tuesday on technical selling and consolidation, one day after the May contract set a one-month high, traders said. CBOT May wheat settled down 1-1/2 cents at $4.77-1/4 per bushel. K.C. hard red
Published 17 Mar, 2016 12:00am
Asian naphtha gains to two-session high

Asian naphtha gains to two-session high

Asia's naphtha crack recovered some of the previous day's losses to reach a two-session high of $61.20 a tonne on Tuesday, though it remains more than 35 percent lower than a year ago because of ample supplies. Spot demand for open-specification naphtha f
Published 17 Mar, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,388 million. The number of lots traded was 40,941 million. PMEX Commodity Index closed at 2,678. Major business was contributed by gold (PKR 7,040 million) followed by crude oil (P
Published 17 Mar, 2016 12:00am
Rubber rebounds
Exchange

Rubber rebounds

Benchmark Tokyo rubber futures rose on Wednesday, recovering from a fresh two-week low hit in overnight trade, as a bounce in oil prices fed appetite for risk while the yen's fall also lent support, dealers said. The Tokyo Commodity Exchange (TOCOM) rubbe
Published 17 Mar, 2016 12:00am
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