On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,146 million. The number of lots traded was 22.53 million. PMEX Commodity Index closed at 2,759. Major business was contributed by gold amounting to PKR 4,324 million followed by cr
China is looking to boost its soya output by nearly 60 percent by the end of the decade compared with last year as the world's biggest consumer of the oilseed races to meet rising demand for protein-rich food. The plan to expand China's soya acreage comes
Hard red winter wheat basis bids were mostly unchanged in the southern US Plains on Monday as futures for the variety tumbled 3 percent to contract lows on outlooks for needed rains, grain merchants said. Scattered showers fell in parts of the Plains in r
US natural gas futures on Monday fell nearly 4 percent on forecasts for warmer-than-normal temperatures through late April that are expected to put an end to late spring heating demand. After rising 10 percent over the last two weeks in a technically driv
The value of coffee sold through Kenya's auction fell 9 percent to $85 million in the half-year to March due to lower volumes and prices, a senior official said on Monday. The east Africa nation sold coffee worth $93.2 million in the first-half of the 201
Brazil's center-south cane crush sped up in the second half of March boosted by favourable dry weather, industry group Unica said on Tuesday. More than 130 mills were operating in the region, compared with only 58 at this time last year. They crushed 14 m
The Karachi Port handled 62,005 tonnes of cargo comprising 51,251 tonnes of import cargo and 10,754 tonnes of export cargo including 1,513 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 51
The May vaida was lower and July vaida was unchanged on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The May delivery ended at Rs 2047.90 but it opened with a loss of 40 paisas at Rs 2047.50, dealer said. Th
Prices went up sharply on the cotton market on Wednesday in the process of improved buying by mills and spinners, dealer said. The official spot rate picked up Rs 50 to Rs 5400, dealers said. In Punjab rates of phutti were at Rs 2800-3150, they said. In r
Soyabean spot basis bids extended losses at US Midwest processors and elevators on Tuesday, under pressure from farmer sales tied to the highest futures prices in eight months, dealers said. The basis declined 2 cents per bushel at a processor in Sioux Ci
Trading activity picked up on the wholesale grain market on Wednesday in the process of business, dealers said. On the cereals side, Moong Punjab was higher by Rs 150 to Rs 10,000 and Masoor Canada registered lower at Rs 10400, Gur low type was up by Rs 5
France on Wednesday said it would reduce public spending further to offset lower-than-expected tax revenues but stuck to forecasts for growth of 1.5 percent this year and next despite more pessimistic estimates by international organisations. To meet its
Peabody Energy Corp filed for US bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to service debt of $10.1 billion, much of it incurred for an expansion into Australia. The Chapter 11 bankruptcy filing from Peabody, the
Inflation in Nigeria rose to a near four-year high of 12.8 percent in March, the National Bureau of Statistics said on Tuesday, with steep hikes seen particularly in the cost of petrol. The consumer price index, which measures inflation, rose for a second
China's exports in March returned to growth for the first time in nine months, adding to further signs of stabilisation in the world's second-largest economy that cheered regional investors. March exports rose a blistering 11.5 percent from a year earlier
Volkswagen's top management board has agreed to cut executives' bonus payments by at least 30 percent, one person familiar with VW's bonus negotiations said, as the carmaker struggles to resolve a dispute over compensation. Bonuses for senior managers hav
Volkswagen's top management board has agreed to cut executives' bonus payments by at least 30 percent, one person familiar with VW's bonus negotiations said, as the carmaker struggles to resolve a dispute over compensation. Bonuses for senior managers hav
An immense Pepsi-Cola sign on the banks of New York's East River has been declared a historic landmark after 25 years of discussion. The red neon sign was built in 1936 and installed atop a Pepsi bottling plant in an industrial area bordering the East Riv
Banks unfairly favour big fund managers when it comes to doling out shares in company listings and this must change, Britain's Financial Conduct Authority (FCA) said on Wednesday. The watchdog's findings are from a study that started in May into competiti
Eurozone industrial production decreased by more than expected in February after a strong January, depressed chiefly by lower output of non-durable goods such as clothes or food, the European Union statistics office said on Wednesday. Industrial productio
US banking giant J.P. Morgan Chase announced better-than-expected net income for the first quarter of 2016 Wednesday, despite taking another hit from its exposure to the commodity rout. The bank, the largest in the United States, said it also suffered fro
The Federal Reserve and Federal Deposit Insurance Corporation rejected the resolution plans or living wills of five systemically important US banks including J.P. Morgan, Bank of America Merrill Lynch and Wells Fargo after finding them not credible.
US retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter. Other data on Wednesday showed a surprise drop in producer prices last mont
Public debt has soared in advanced economies to the highest levels since World War II as governments struggle against slow growth and deflation, the International Monetary Fund warned Wednesday. Levels of government borrowing have picked up since the fina
Nearly 40,000 Verizon workers walked off the job on Wednesday in one of the largest US strikes in recent years after contract talks hit an impasse, and got a boost as US Democratic presidential hopeful Bernie Sanders joined them at a Brooklyn rally ahead
A US federal appeals court on Wednesday cleared Argentina to make payments on its debt, paving the way for the country to settle its long battle over bonds defaulted in 2001. A three-judge panel rejected an appeal from some holdout creditors of a March ru
A US federal appeals court on Wednesday cleared Argentina to make payments on its debt, paving the way for the country to settle its long battle over bonds defaulted in 2001. A three-judge panel rejected an appeal from some holdout creditors of a March ru
Middle Eastern stock markets rose on Wednesday, encouraged by an overnight jump in oil prices which boosted Saudi Arabian petrochemical shares in particular, and strength in Asian bourses after strong Chinese trade data. The Saudi index climbed 0.6 percen
Indian shares rose nearly 2 percent on Wednesday to their highest level in more than three months as easing inflation and forecasts of above-average monsoon rains sparked hopes of better economic growth and more rate cuts by the central bank. The benchmar
Stocks in Shanghai jumped more than 1 percent to a three-month high on Wednesday, after better-than-expected Chinese trade data offered fresh signs that the economic slowdown was bottoming. Energy and resource shares led the way as global oil prices surge
Wall Street rallied on Wednesday, boosted by J.P. Morgan's first-quarter results, and unexpectedly strong Chinese trade data raised hopes that the world's second-largest economy was recovering. J.P. Morgan, the first of the big banks to report earnings, p
Wall Street gained on Tuesday, led by surging energy shares that were buttressed by rising oil prices, as investors scooped up equities at the start of corporate earnings season. All 10 S&P sectors closed higher and the Dow industrials posted their best d
Taiwan stocks rose on Wednesday along with other regional bourses, driven by gains in technology heavyweights such as Taiwan Semiconductor Manufacturing Co. As of 1:56 GMT, the main TAIEX index was up 1.3 percent at 8,640.00, after closing at 8,531.18 in
US Treasury yields rose on Tuesday as oil and stock prices jumped on reports that Saudi Arabia and Russia had agreed to freeze crude output, reducing demand for safe-haven debt. Global oil prices hit five-month highs after Russia's Interfax news agency qu
US Treasury yields rose on Tuesday as oil and stock prices jumped on reports that Saudi Arabia and Russia had agreed to freeze crude output, reducing demand for safe-haven debt. Global oil prices hit five-month highs after Russia's Interfax news agency qu
Hong Kong shares had their best day in two months on Wednesday, with resources shares leading main indexes up more than 3 percent to three-month highs after upbeat China trade data offered fresh signs of economic stability. The Hang Seng index rose 3.2 pe
Tokyo stocks rallied for a second straight session Wednesday, as clothing chain Uniqlo's parent company surged after its billionaire chairman said it would roll back price hikes that dented sales. Stronger oil rates and an upbeat Chinese trade report also
European shares rose on Wednesday to a two-week high as a rise in hinese exports buoyed global stock markets, with mining stocks and banks among the best performers. The pan-European FTSEurofirst 300 index rose 2.3 percent by 1359 GMT while the euro zone'
Australian shares rose the most in six weeks on Wednesday as rebounding commodity prices lifted mining stocks, while New Zealand stocks climbed to a record high. Australia's S&P/ASX 200 index advanced 79.1 points, or 1.6 percent, to 5,054.7 by the close o
Most Southeast Asian stock markets rose on Wednesday, led by Singapore which posted its biggest single-day gain in two months, as positive China trade data and firm oil prices helped sentiment. Singapore's Straits Times Index jumped 2.7 percent to its hig
Britain's top share index rose on Wednesday, led by mining and banks stocks, as strong Chinese export data helped to subdue concern over growth in the world's second-largest economy. China's exports rose in March for the first time in nine months, a sign
The Canadian dollar strengthened to a near nine-month high against its US counterpart on Tuesday as rising oil prices improved the economic outlook a day before the Bank of Canada's interest rate announcement. The currency has rebounded 15 percent since J
The Australian and New Zealand dollars flirted with 10-month peaks on Wednesday, after upbeat Chinese export data and a rally in commodity prices underpinned appetite for risk assets. The Australian dollar stood at $0.7710, having powered up 1.1 percent o
Sterling fell for the first time in four days against the dollar on Wednesday, reverting to a trend that has seen the pound fall almost 7 percent in the past four months, amid worries that Britain will vote to leave the European Union. Most opinion polls
The safe-haven Japanese yen slid from recent peaks against the greenback on Wednesday as solid gains in oil prices helped underpin risk appetite. With hopes of a production cap agreed by top producers Russia and Saudi Arabia back in play, global oil price
The dollar surged to a two-week high against the euro on Wednesday, as a push of oil prices above $40 a barrel and improved data out of China drew investors into riskier bets than low-yielding assets in Europe and Japan. The euro and yen have gained stron
The dollar climbed to a two-week peak against the euro on Wednesday, as gains in global stock markets and improved data out of China drew investors into riskier bets than low-yielding currencies in Europe and Japan. The euro and yen have gained strongly a
The US dollar rebounded against the safe-haven yen a day after hitting its lowest level against the currency in roughly a year and a half on greater risk appetite stemming from gains in equity and oil prices. A report that top oil producers Russia and Sau
Russian assets traded stronger on Wednesday despite a slight retreat in crude prices, with analysts saying oil was still supporting the rouble and shares of major energy companies. At 0805 GMT, the rouble was 0.3 percent stronger against the dollar at 65.
Most emerging Asian currencies rose on Wednesday as upbeat Chinese trade data indicated signs of stabilisation in the world's second-largest economy, supporting risk sentiment and commodity prices. The Singapore dollar, however, slid ahead of the central
The yuan strengthened against the dollar on Wednesday, buoyed mainly by bullish market sentiment after China reported that exports rose for the first time in nine months in March. "There was a bout of heavy dollar selling right after the trade data came o
Manchester City reached the Champions League semi-finals for the first time after Kevin De Bruyne's fine 76th-minute goal earned them a 1-0 win over Paris Saint-Germain on Tuesday. A week on from their 2-2 draw in the French capital, City saw Sergio Aguer
Novak Djokovic lost only his second match of the season as he fell to Czech Jiri Vesely 6-4, 2-6, 6-4 to exit the Monte Carlo Masters on Wednesday. "This is a proof that nobody's unbeatable. It happens so many times in my career that I lose a match. It's
A court on Wednesday ordered the Indian Premier League to move some matches from the drought-hit western state of Maharashtra over concerns that much-needed water would be wasted in maintaining the grounds. The Bombay High Court order followed a petition
Northern Gas Pipe Line Ltd will hold Under-19 trials to select Khyber Pakhtunkhwa players on April 15-16, 2016 here at Arbab Niaz Cricket Stadium at 2.00pm. Arrangements have already been made for the smooth conduct of the trials in order to short-list ta
Swat clinched the trophy of the Athletic Meet after securing two gold, three silver and two bronze medals in the ongoing Khyber Pakhtunkhwa Under-23 Malakand Region Inter-District Women Games being played at different venues Wednesday.
Cristiano Ronaldo inspired Real Madrid to a record sixth successive Champions League semi-final with a hat-trick as the Spanish giants overturned a 2-0 first leg deficit, beating Wolfsburg 3-0 on Tuesday. Ronaldo struck twice in just over a minute to brin
New Zealand's Brendon McCullum and Kane Williamson, as well as Australia captain Steven Smith, have been chosen among the Wisden Almanack's Five Cricketers of the Year announced Wednesday. The quintet is completed by the England duo of all-rounder Ben Sto
The District Co-ordination Officer Lahore 24th National Karate Championship started at the Wapda Sports Complex on Wednesday. The opening ceremony also saw Pakistan Olympic Association President Arif Hassan, Divisional Sports Officer Nadeem Qaiser, Pakist
The world's largest and most renowned amateur golf tournament teed off this year at the Defence Raya Golf Course in Lahore, with more than 100 golfers turning out to compete. The Audi Quattro Cup series is celebrating its 26th anniversary this year, and w
The player draft for the Cool & Cool Haier Pakistan Cup 2016 was held during which teams for the premier domestic 50-over tournament were finalised. Tainted player Salman Butt was among the players selected for the Pakistan Cup 2016 starting from April 19
European privacy regulators said on Wednesday a new commercial data transfer pact between the European Union and the United States needed to provide more reassurance over US surveillance practices and the independence of a new US privacy ombudsman.
Jordanian security services on Wednesday closed the Amman headquarters of the Muslim Brotherhood, the country's main opposition force, which denounced the move as politically motivated. Previously tolerated for decades in Jordan, the Brotherhood has had t
Russian military aircraft have conducted a series of "aggressive" overflights of a US destroyer in international waters in the Baltic Sea, a US defense official said Wednesday. Speaking on condition of anonymity, the official described several incidents t
South Korea's conservative ruling party said it had "disappointed" voters after it suffered a serious setback in Wednesday's general election, losing its 16 years of parliamentary majority. The elections, clouded by North Korean nuclear threats and the mu
OECD countries more than doubled spending on the migrant crisis last year to $12 billion (10.6 billion euros), the organisation said Wednesday as anti-poverty campaigners feared a drain on development aid. "Countries have had to find large sums to cover t
Tax authorities from the world's richest nations on Wednesday probed a mass of murky offshore dealings revealed in the huge Panama Papers data leak, just hours after police raided the law firm at the centre of the scandal. The leak of 11.5 million confide
France is to reopen its cultural centre in the Gaza Strip, which closed down 18 months ago over security concerns, the French foreign ministry said Wednesday. "Activities will resume gradually," ministry spokesman Romain Nadal said, noting that it was the
US First Lady Michelle Obama on Wednesday delivered a strong call for more education for women world-wide as the World Bank announced a new $2.5 billion initiative to foster schooling for girls. "The evidence is quite compelling: when we invest in girls'
An emergency session of Iraq's parliament descended into chaos on Wednesday, preventing a vote on a new cabinet amid a row over political blocs controlling key government posts. Lawmakers argued and hurled water bottles at each other in the parliament hal
Reporters Without Borders said Wednesday there had been a "deep and disturbing decline in respect for media freedom" since 2013, as it prepares to publish its annual ranking of countries next week. The press freedom advocates group blamed repressive gover
President Bashar al-Assad's regime held parliamentary polls in areas of Syria under its control on Wednesday, with some voting enthusiastically but others dismissing the elections as a sham. Assad pressed ahead with the vote despite the start Wednesday of
Pakistan Tehreek-e-Insaf party head Imran Khan has threatened "to gather people from all over Pakistan in Raiwind" to press the government to accept his demands. Raiwind is a town which lies about 40 kilometres from Lahore where the prime minister has sel
Pakistan Industrial and Traders Association Front, Chairman Irfan Iqbal Sheikh and Vice Chairman Tanvir Ahmed Sufi have demanded the Punjab government to control smuggling as it is causing a huge loss to the country's economy. In a statement issued, here
The Professional Education Foundation, a body of top businessmen and professionals from across the country, is set to organise a fund-raising dinner at a local hotel 16 April 2016. All proceeds of the event will be utilised to finance the education of bri