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Print - 2016-06-12
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (May 02 to 31, 2016)

Published 12 Jun, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (June 11, 2016) and the forecast for Sunday (June 12, 2016).

Published 12 Jun, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 11, 2016).

Published 12 Jun, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 11, 2016).

Published 12 Jun, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 11, 2016).

Published 12 Jun, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 11, 2016)

Published 12 Jun, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 11, 2016).

Published 12 Jun, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 11, 2016).

Published 12 Jun, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 11, 2016).

Published 12 Jun, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 11, 2016).

Published 12 Jun, 2016 12:00am
THE RUPEE: rising trend persists
Currency

THE RUPEE: rising trend persists

An upward trend persisted on the money market on Saturday as the rupee picked up modest gains against the greenback in the process of trading, dealer said. The rupee rose by 10 paisas versus the dollar for buying and selling at Rs 104.50 and Rs 104.70 res
Published 12 Jun, 2016 12:00am
THE RUPEE: rising trend persists
Currency

THE RUPEE: rising trend persists

An upward trend persisted on the money market on Saturday as the rupee picked up modest gains against the greenback in the process of trading, dealer said. The rupee rose by 10 paisas versus the dollar for buying and selling at Rs 104.50 and Rs 104.70 res
Published 12 Jun, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 11, 2016).

Published 12 Jun, 2016 12:00am
CBOT wheat futures fall 1.6 percent

CBOT wheat futures fall 1.6 percent

Chicago Board of Trade soft red winter wheat futures fell 1.6 percent on Thursday, snapping a six-session streak of gains that took prices to seven-month highs a day earlier, traders said. K.C. hard red winter wheat futures and MGEX spring wheat futures a
Published 12 Jun, 2016 12:00am
Freight rates for large capesize climb further on strong cargo buying

Freight rates for large capesize climb further on strong cargo buying

Freight rates for large capesize dry cargo ships on key Asian routes could nudge higher next week after hitting multi-month highs this week on strong cargo buying volumes, ship brokers said. Capesize rates from Western Australia to China jumped to a six-m
Published 12 Jun, 2016 12:00am
South Korean mills buy US wheat

South Korean mills buy US wheat

A group of South Korea flour mills lead by DongAOne Co Ltd has bought 27,000 tonnes of wheat to be sourced from the United States in a tender which closed on Thursday, European traders said. The tender had sought shipment between October 1-31 from the US
Published 12 Jun, 2016 12:00am
US FOB Gulf soyabean export premiums hold steady

US FOB Gulf soyabean export premiums hold steady

Export premiums for soyabeans shipped from the US Gulf Coast held mostly steady on Thursday, underpinned by persistent demand for both old- and new-crop supplies as prices for South American cargoes are elevated, traders said. The US Department of Agricul
Published 12 Jun, 2016 12:00am
Indian oilseeds futures higher

Indian oilseeds futures higher

Indian soyabean and rapeseed futures ended higher on Thursday, helped by domestic demand for meals or animal feed. The July soyabean contract on the National Commodity & Derivatives Exchange edged up 0.28 percent to 3,903 rupees ($58.49) per 100 kg. Lower
Published 12 Jun, 2016 12:00am
Ivory Coast seen missing cocoa output target on poor mid-crop

Ivory Coast seen missing cocoa output target on poor mid-crop

Ivory Coast's cocoa output is unlikely to rebound before the end of the mid-crop, meaning 2015/16 production in the world's top grower is likely to fall short of a government forecast, exporters and farmers said. The West African country's marketing board
Published 12 Jun, 2016 12:00am
Chicago corn, wheat futures turn lower

Chicago corn, wheat futures turn lower

Chicago corn and wheat futures turned lower on Tuesday as mostly favourable conditions for US crops diverted attention away from adverse weather overseas and encouraged markets to consolidate after a four-session rally. US soyabeans also gave up most of e
Published 12 Jun, 2016 12:00am
EU wheat futures edge lower as USDA report looms

EU wheat futures edge lower as USDA report looms

Euronext wheat futures edged lower on Thursday as Chicago fell after a six-session rally and grain markets awaited further direction from US government crop forecasts. A drop in the euro helped curb losses on Euronext while concern about weather damage to
Published 12 Jun, 2016 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures dipped on Thursday, halting a three-day winning streak, as investors adjusted positions ahead of a US government crop report on Friday. Favorable crop conditions in Western Canada and hot temperatures that are expected to help
Published 12 Jun, 2016 12:00am
European vegoils: strong ringgit keeps palm oil in tight range

European vegoils: strong ringgit keeps palm oil in tight range

Palm oil on the European vegetable oils market was offered in a tight range on Thursday following barely changed Malaysian palm oil futures with a strong ringgit the dominant factor. "A strong ringgit makes palm oil more expensive for foreign buyers and t
Published 12 Jun, 2016 12:00am
Argentine soya harvests at 86.7 percent of land planted

Argentine soya harvests at 86.7 percent of land planted

Argentine farmers have brought in 86.7 percent of land planted with soyabeans this season, the Buenos Aires Grains Exchange said on Thursday, adding 8 percentage points during the week but lagging last year's harvesting tempo by 9.9 percentage points due
Published 12 Jun, 2016 12:00am
Vietnamese coffee premiums drop, Indonesian widened
Currency

Vietnamese coffee premiums drop, Indonesian widened

Trading in Asian coffee picked up this week as farmers in top robusta producer Vietnam offloaded stocks to benefit from rising prices and as demand rose ahead of the peak harvest season in Indonesia, traders said on Thursday. Rising shipments from Vietnam
Published 12 Jun, 2016 12:00am
US natural gas futures hit nine-month highs

US natural gas futures hit nine-month highs

US natural gas futures jumped 6 percent to settle near 9-month highs on Thursday, after a smaller-than-expected weekly storage build and forecasts the power sector will keep burning record amounts of the fuel to meet air conditioning demand in coming week
Published 12 Jun, 2016 12:00am
Thai rice prices jump to 20-month high

Thai rice prices jump to 20-month high

Asia's rice market slowed this week, though Thai rice prices jumped to a 20-month high on tight domestic supply, while lower Vietnamese rice prices failed to invite fresh purchases, traders said on Wednesday. Traders said they were also monitoring the pri
Published 12 Jun, 2016 12:00am
Cotton market: lean business on subdued buying interest
Cotton

Cotton market: lean business on subdued buying interest

Lean business activity was seen on the cotton market on Saturday as a result of less buying interest by mills, dealers said. The official spot rate was unchanged at Rs 5,500, dealers said. In Sindh, seed-cotton prices were at Rs 2900-3050, per 40 kg, they
Published 12 Jun, 2016 12:00am
Early harvested corn pushes down record Brazilian prices
Currency

Early harvested corn pushes down record Brazilian prices

Early harvested corn hitting Brazil's grain markets is lowering record high prices, which have hurt the country's massive poultry and pork industries, specialists said on Monday. Despite the small size of the lots coming early from the fields of Mato Gros
Published 12 Jun, 2016 12:00am
USDA slashes corn, soya supply view

USDA slashes corn, soya supply view

Domestic supplies of corn and soyabeans will be tighter than expected in the United States as problems with crops in Brazil and Argentina have raised demand for US supplies from overseas buyers, the US Agriculture Department said on Friday. In its monthly
Published 12 Jun, 2016 12:00am
Egypt to end local wheat buying on Wednesday

Egypt to end local wheat buying on Wednesday

Egypt will end local wheat buying on Wednesday, earlier than usual, due to exceeding its target of 4 million tonnes, the supplies ministry said on Saturday. "Supplies Minister Khaled Hanafi pointed out that the door for receiving local wheat from farmers
Published 12 Jun, 2016 12:00am
Egypt returns to zero tolerance of ergot fungus in wheat

Egypt returns to zero tolerance of ergot fungus in wheat

Egypt has rejected two shipments of wheat for containing trace levels of the ergot fungus, backtracking on a government pledge to apply international standards and alarming traders looking to do business with the world's largest buyer of the grain. Earlie
Published 12 Jun, 2016 12:00am
Syrian government raises local wheat price as procurement season begins

Syrian government raises local wheat price as procurement season begins

Syria's government has raised the price it pays local farmers for their wheat to 100 Syrian pounds ($0.212) a kg as it attempts to buy as much Syrian grain as possible, a government source said on Monday. The source, who did not give a figure for how much
Published 12 Jun, 2016 12:00am
Cotton down after USDA ups outlook for domestic supplies
Cotton

Cotton down after USDA ups outlook for domestic supplies

Cotton futures settled lower on Friday after a choppy trading session as the US government raised its forecast for domestic inventories. The US Department of Agriculture (USDA) cut its outlook for global inventories, largely on a decrease in inventories i
Published 12 Jun, 2016 12:00am
Iran snaps up first sugar purchases since lifting of sanctions

Iran snaps up first sugar purchases since lifting of sanctions

Importers in Iran have bought at least 250,000 tonnes of Brazilian raw sugar in the first purchases since international sanctions were lifted on Tehran in January, trade sources said on Friday. One source said the purchases were between 250,000 and 300,00
Published 12 Jun, 2016 12:00am
Olam sees sugar deficit rising, price rally justified

Olam sees sugar deficit rising, price rally justified

Sugar prices have the potential to rise further after climbing to their highest in more than 2-1/2 years on Monday as production fails to keep pace with rising demand, the chief raw sugar trader for Olam International said in an interview. Piero Carello t
Published 12 Jun, 2016 12:00am
Chinese copper imports jump by 19.four percent in May

Chinese copper imports jump by 19.four percent in May

China's copper imports jumped by 19.4 percent from the same month a year ago to 430,000 tonnes in May, customs data showed on Wednesday, as term shipments remained strong despite higher prices in overseas markets. Shipments eased from the month before, ho
Published 12 Jun, 2016 12:00am
India plans 25 percent tax on sugar exports as drought bites

India plans 25 percent tax on sugar exports as drought bites

India plans to introduce a 25 percent tax on sugar exports to maintain local supplies, the government said on Thursday, a move that could further push up global prices of the sweetener and boost shipments from Thailand. Sugar output in India, the world's
Published 12 Jun, 2016 12:00am
Venezuela PDVSA near deals to boost Schlumberger presence
Currency

Venezuela PDVSA near deals to boost Schlumberger presence

Venezuela's state oil company, PDVSA, is close to reaching deals to boost Schlumberger's presence after the oilfield services provider said in April it would reduce operations because of payment problems, PDVSA's president told Reuters. PDVSA, the exclusi
Published 12 Jun, 2016 12:00am
Businessman sues RBS for $184 million over alleged conspiracy

Businessman sues RBS for $184 million over alleged conspiracy

The former CEO of a software company is suing RBS for allegedly conspiring to push the business into administration to benefit from its sale, court filings show, in the latest case to allege misconduct by the bank's restructuring division. Scottish busine
Published 12 Jun, 2016 12:00am
UK Nobel winners back EU after Brexit poll boost

UK Nobel winners back EU after Brexit poll boost

Thirteen of Britain's top scientists signed a letter backing the campaign to remain in the EU Saturday after a dramatic new poll boosted the momentum behind the Brexit campaign less than two weeks before the June 23 referendum. Nobel Prize winners includi
Published 12 Jun, 2016 12:00am
Leading British scientists warn leaving EU will hurt funding

Leading British scientists warn leaving EU will hurt funding

A group of Britain's most eminent scientists have endorsed the campaign for the UK to remain in the European Union, saying that leaving could damage research. In a letter to The Daily Telegraph, published on Saturday, 13 Nobel Laureates including John Gur
Published 12 Jun, 2016 12:00am
Wal-Mart wage hike to $15 an hour would cost it $4.95 billion

Wal-Mart wage hike to $15 an hour would cost it $4.95 billion

Wal-Mart Stores Inc would have to spend an additional $4.95 billion if it were to raise the minimum wage for its hourly employees in the United States to $15 per hour from the current $10 per hour, according to an estimate by the UC Berkeley Centre for La
Published 12 Jun, 2016 12:00am
GM's Canada labs to develop self-driving car technology

GM's Canada labs to develop self-driving car technology

General Motors announced plans Friday to hire 1,000 engineers and software developers at its Canadian research facilities near Toronto over the coming years to design new self-driving cars. "With this expansion, GM Canada will play an important role in ou
Published 12 Jun, 2016 12:00am
Mozambique paid $35 million for VTB shipyard loan

Mozambique paid $35 million for VTB shipyard loan

Mozambique, one of the world's poorest countries, paid $35 million in up-front "arrangement fees" for a $500 million loan organised by Russia's VTB Bank, according to loan related documents reviewed by Reuters. In percentage terms - seven percent - the fe
Published 12 Jun, 2016 12:00am
Citgo, Aruba clinch deal to reactive refinery

Citgo, Aruba clinch deal to reactive refinery

Venezuela's PDVSA unit in the United States, Citgo Petroleum, and Aruba on Friday signed an agreement to reactivate a 235,000-barrel-per-day refinery on the Caribbean island, an investment designed to help process the South American's oil producer's extra
Published 12 Jun, 2016 12:00am
New Algerian energy and finance ministers named in reshuffle

New Algerian energy and finance ministers named in reshuffle

Algerian President Abdelaziz Bouteflika named new energy and finance ministers on Saturday in a cabinet reshuffle, as the Opec member tries to cope with a sharp fall in oil and gas earnings that have placed increasing pressure on its finances. Nouredine B
Published 12 Jun, 2016 12:00am
Air France pilots start strike on second day of Euro 2016

Air France pilots start strike on second day of Euro 2016

Air France pilots went on a four-day strike over pay cuts on Saturday that could disrupt transport plans for football fans on the second day of Europe's soccer championship. Air France, part of Franco-Dutch group, said on Saturday it estimated that about
Published 12 Jun, 2016 12:00am
Asian exchanges target bigger share of bond trading
Currency

Asian exchanges target bigger share of bond trading

Asia's stock exchanges are ramping up efforts to boost liquidity in the region's local currency bond markets as they target a greater share of fixed-income trading. Bourses from India to New Zealand are rolling out initiatives, ranging from online bookbui
Published 12 Jun, 2016 12:00am
Asian exchanges target bigger share of bond trading
Currency

Asian exchanges target bigger share of bond trading

Asia's stock exchanges are ramping up efforts to boost liquidity in the region's local currency bond markets as they target a greater share of fixed-income trading. Bourses from India to New Zealand are rolling out initiatives, ranging from online bookbui
Published 12 Jun, 2016 12:00am
Aljaber Group planning $800 million IPO

Aljaber Group planning $800 million IPO

Qatari construction firm Aljaber Group is planning a stock market flotation in the Gulf Arab state, sources aware of the matter said, in a listing which could be worth around $800 million. Initial public offerings have been extremely rare in Qatar due to
Published 12 Jun, 2016 12:00am
Aljaber Group planning $800 million IPO

Aljaber Group planning $800 million IPO

Qatari construction firm Aljaber Group is planning a stock market flotation in the Gulf Arab state, sources aware of the matter said, in a listing which could be worth around $800 million. Initial public offerings have been extremely rare in Qatar due to
Published 12 Jun, 2016 12:00am
TSX suffers largest drop since February as oil slides

TSX suffers largest drop since February as oil slides

Canada's main stock index posted its largest drop since February on Friday, falling to a one-week low as energy stocks tumbled with oil prices and global equity markets broadly moved lower. The index ended 1.3 percent lower for the week after having touch
Published 12 Jun, 2016 12:00am
West Africa bourse says turnover more than doubled in past year

West Africa bourse says turnover more than doubled in past year

Turnover on West Africa's BRVM bourse more than doubled over the past year, reaching 209.26 billion CFA francs ($362.2 million) in late May, the manager of the stock exchange said on Tuesday. "We benefited from a favorable context. We live in a region wit
Published 12 Jun, 2016 12:00am
Treasuries outlook: yields fall to four-month lows on Brexit fears

Treasuries outlook: yields fall to four-month lows on Brexit fears

US Treasury yields fell to four-month lows on Friday as European sovereign debt yields plunged on concerns about a potential British exit from the European Union and global growth. Ten-year yields in Germany, Japan and the United Kingdom all struck record
Published 12 Jun, 2016 12:00am
Treasuries outlook: yields fall to four-month lows on Brexit fears

Treasuries outlook: yields fall to four-month lows on Brexit fears

US Treasury yields fell to four-month lows on Friday as European sovereign debt yields plunged on concerns about a potential British exit from the European Union and global growth. Ten-year yields in Germany, Japan and the United Kingdom all struck record
Published 12 Jun, 2016 12:00am
Buying spree sends bonds into twilight zone
Currency

Buying spree sends bonds into twilight zone

Global investors are piling into sovereign bonds amid concerns about Brexit and sluggish growth, pushing rates of return close to zero and even into negative territory, creating an unprecedented situation with unknown consequences. The yield or rate of re
Published 12 Jun, 2016 12:00am
Buying spree sends bonds into twilight zone
Currency

Buying spree sends bonds into twilight zone

Global investors are piling into sovereign bonds amid concerns about Brexit and sluggish growth, pushing rates of return close to zero and even into negative territory, creating an unprecedented situation with unknown consequences. The yield or rate of re
Published 12 Jun, 2016 12:00am
EEX bourse sees power futures trade rise amid expansion

EEX bourse sees power futures trade rise amid expansion

The European Energy Exchange (EEX), Europe's biggest electricity bourse, expects a rise in futures trading volumes this year as it expands in more countries and products, its chief executive said. The EEX, which has widened its coverage in Italy, Spain an
Published 12 Jun, 2016 12:00am
Within sight of a record, Wall Street runs into a wall

Within sight of a record, Wall Street runs into a wall

US stocks dropped for a second straight day on Friday following another drop in oil prices and renewed worries about the global economy. Ahead of Britain's June 23 referendum on whether to stay in the European Union, a poll showed those in favour of Brita
Published 12 Jun, 2016 12:00am
Spot FX volumes drop in May
Currency

Spot FX volumes drop in May

Daily spot trading volumes on the biggest currency trading platforms run by Thomson Reuters and ICAP continued to fall in May, extending a downward trend seen in recent months, according to figures the companies published. Spot currency trading volume on
Published 12 Jun, 2016 12:00am
Asia FX bears retreat on receding expectations of US rate rise
Currency

Asia FX bears retreat on receding expectations of US rate rise

Pessimism over emerging Asian currencies eased in the last two weeks as expectations of an imminent interest rate rise by the Federal Reserve waned after weak US jobs data, a Reuters poll showed on Thursday. The Chinese yuan's bearish bets nearly halved w
Published 12 Jun, 2016 12:00am
Canadian dollar slips
Currency

Canadian dollar slips

The Canadian dollar weakened against its US counterpart on Friday as a fall in oil prices and a global shift towards less risky assets hurt the currency, cancelling out earlier gains from a robust domestic jobs report. Crude prices settled down 3 percent,
Published 12 Jun, 2016 12:00am
Yen, Swiss franc rise in New York on stock losses, Brexit fears
Currency

Yen, Swiss franc rise in New York on stock losses, Brexit fears

The yen and Swiss franc rose on Friday as oil prices slid and bank shares led global equity markets lower, stoking a fresh wave of bids for low-risk assets. Jitters about the June 23 referendum on Britain's membership in the European Union intensified the
Published 12 Jun, 2016 12:00am
Mugabe says 'surrogate currency' will prevent dollar outflow
Currency

Mugabe says 'surrogate currency' will prevent dollar outflow

Zimbabwean President Robert Mugabe said on Thursday the introduction of local bank notes by the central bank later this year, which he called a "surrogate currency", would help prevent foreigners taking greenbacks out of the country. He also said the shor
Published 12 Jun, 2016 12:00am
Sterling net shorts post largest increase in five years
Currency

Sterling net shorts post largest increase in five years

Speculators ramped up their bets against sterling in the latest week by the most in nearly five years, as hedge funds and other asset managers struck a decidedly defensive stance in the British currency two weeks ahead of a crucial referendum over whether
Published 12 Jun, 2016 12:00am
Polish banks offer to bear $683 million in new FX-loan plan
Currency

Polish banks offer to bear $683 million in new FX-loan plan

Poland's banks have put forward a plan to tackle the country's Swiss franc mortgage problem that would cost them less than 5 percent of the solution proposed by President Andrzej Duda, the Puis Biznesu newspaper reported on Monday. More than half a millio
Published 12 Jun, 2016 12:00am
Crisis-era red flag from dollar FX market flies high again
Currency

Crisis-era red flag from dollar FX market flies high again

A shortage of dollars and high demand for the currency globally are stretching certain dollar-based rates to levels more associated with periods of extreme market stress, raising a red flag for the wider financial system. Record-low investment returns are
Published 12 Jun, 2016 12:00am
Magical Messi grabs hat-trick as Argentina romp into quarters

Magical Messi grabs hat-trick as Argentina romp into quarters

Lionel Messi scored a magical hat-trick in 19 minutes as Argentina cruised into the Copa America Centenario quarter-finals with a 5-0 rout of Panama on Friday. Messi had been forced to delay his debut in the tournament after a slow recovery from a lower b
Published 12 Jun, 2016 12:00am
Rahul debut century steers India to easy win

Rahul debut century steers India to easy win

An unbeaten century from debutant opener Lokesh Rahul steered India to an easy nine- wicket victory over hosts Zimbabwe in the first one-day International on Saturday. Rahul smashed a six off the last ball of the innings to finish on 100 not out from 115
Published 12 Jun, 2016 12:00am
Thiem stuns Federer in Stuttgart upset

Thiem stuns Federer in Stuttgart upset

Roger Federer uncharacteristically failed to nail two match points as Dominic Thiem stunned the top seed on the grass in the rain-disrupted Stuttgart semi-finals on Saturday. The Swiss legend, who is returning from a back injury that ruled him out of the
Published 12 Jun, 2016 12:00am
Woakes stars as Sri Lanka collapse

Woakes stars as Sri Lanka collapse

Chris Woakes started and finished a Sri Lanka collapse on the third day of the third Test against England at Lord's on Saturday. Sri Lanka, well-placed at 162 for one overnight, were dismissed for 288 - 128 runs behind England's first innings 416. Woakes,
Published 12 Jun, 2016 12:00am
Schaer goal seals Switzerland win

Schaer goal seals Switzerland win

Fabien Schaer's powerful header gave Switzerland a narrow 1-0 win over 10-man Albania on the second day of the European Championship finals on Saturday. The Group A match, in the spotlight with brothers Granit and Taulant Xhaka playing for opposing sides,
Published 12 Jun, 2016 12:00am
Victorious France faces pilot strike as Euro 2016 gets underway

Victorious France faces pilot strike as Euro 2016 gets underway

France was revelling in a victorious start to the Euro 2016 on Saturday after winning the opening match, but a strike by Air France pilots threatened to disrupt travel for hundreds of thousands of fans. Police were on high alert in the southern city of Ma
Published 12 Jun, 2016 12:00am
Thousands trapped in besieged IS bastion in north Syria

Thousands trapped in besieged IS bastion in north Syria

A siege by US-backed Kurdish and Arab forces of the key jihadist-held town of Manbij in northern Syria left tens of thousands of civilians trapped on Saturday. Near Damascus, suicide bombings claimed by the Islamic State group outside a Shia shrine killed
Published 12 Jun, 2016 12:00am
Finland's finance chief ousted after losing party leadership

Finland's finance chief ousted after losing party leadership

Finnish Finance Minister Alexander Stubb will leave his cabinet post after losing his conservative party's chairmanship to Interior Minister Petteri Orpo in a vote on Saturday. Orpo, 46, beat out Stubb, a former prime minister, by a vote of 441 to 361 in
Published 12 Jun, 2016 12:00am
US drone strike in Yemen 'kills two Qaeda men'

US drone strike in Yemen 'kills two Qaeda men'

A US drone attack in Yemen killed two suspected al Qaeda members in their vehicle on Saturday in Marib province east of the capital Sanaa, a local official said. The official named the two dead men as Gazwan al-Waili and Zubeir al-Sanaani and said "they w
Published 12 Jun, 2016 12:00am
Sun-powered Solar Impulse 2 lands in New York

Sun-powered Solar Impulse 2 lands in New York

The Solar Impulse 2 aircraft flew into New York past the Statue of Liberty completing the US leg on Saturday of a record-breaking bid to circumnavigate the Earth powered only by solar energy. The plane, which is no heavier than a car but has the wingspan
Published 12 Jun, 2016 12:00am
Sun-powered Solar Impulse 2 lands in New York

Sun-powered Solar Impulse 2 lands in New York

The Solar Impulse 2 aircraft flew into New York past the Statue of Liberty completing the US leg on Saturday of a record-breaking bid to circumnavigate the Earth powered only by solar energy. The plane, which is no heavier than a car but has the wingspan
Published 12 Jun, 2016 12:00am
Israel razes home of Palestinian teen for settler's murder

Israel razes home of Palestinian teen for settler's murder

Israel's army destroyed on Saturday the home of a Palestinian teenager accused of stabbing a Jewish woman to death at her home in a West Bank settlement. The demolition took place in the West Bank village of Beit Amra, with bulldozers flattening an entire
Published 12 Jun, 2016 12:00am
Crimea unveils gun-toting statue to celebrate Russian annexation

Crimea unveils gun-toting statue to celebrate Russian annexation

The authorities in Crimea on Saturday unveiled a bronze statue of a heavily armed Russian soldier to celebrate the peninsula's 2014 annexation from Ukraine. The slightly larger-than-life sculpture in Crimea's main city of Simferopol shows a soldier carryi
Published 12 Jun, 2016 12:00am