Corn and soyabean spot basis bids at elevators and processors around the US Midwest on Tuesday were steady to firm on minimal farmer sales following the pullback in futures prices for both grains, merchants said.

After rising continuously since the beginning of this month posting an increase of nearly Rs 700 to Rs 800 per maund (37.32 Kgs), lint prices have conceded a loss reported to range from Rs 100 to Rs 150 per maund (37.32 Kgs) over the past coupCe of days.

After rising continuously since the beginning of this month posting an increase of nearly Rs 700 to Rs 800 per maund (37.32 Kgs), lint prices have conceded a loss reported to range from Rs 100 to Rs 150 per maund (37.32 Kgs) over the past coupCe of days.

Lebanon's central bank chief said he will ensure local banks comply with a US law targeting Hezbollah's finances, weeks after a bomb attack at a major Lebanese lender that had begun closing accounts linked to the militant group. Riad Salameh told Reuters

China's property and entertainment giant Wanda has agreed to sell a historic Madrid skyscraper, a source close to negotiations said Wednesday, after feuding with city authorities over plans to renovate the landmark. Wanda acquired the 25-storey Edificio E

European Union consumer confidence fell much more than the eurozone morale in July, the European Commission said on Wednesday, in a sign that the British vote to leave the European Union may affect the currency bloc less than the countries outside it. The

Mass economic migration from eastern Europe to wealthier countries has benefited the host nations but hampered growth in migrants' places of origin, an International Monetary Fund discussion note said Wednesday. Nearly 20 million people have left eastern

A long-awaited monthly payment from the government for Canadian families that kicked in on Wednesday is expected to provide a small but much-needed boost to the Canadian economy, even if cash-strapped consumers use some of the extra money to pay down debt

China will expand its railway network to 150,000 km (93,200 miles) by 2020, including 30,000 km of high-speed rail, the country's top economic planner said on Wednesday. The plan will mean a 24 percent increase in the length of China's railway network fro

Chinese group Fosun International completed their take-over of English Championship club Wolves for an estimated £45 million ($59 million, 53 million euros on Thursday. Fosun, one of the largest investment groups in China, are the latest Asian consortium

McDonald's said Thursday it has stopped selling Big Macs in Venezuela, making the US chain's iconic hamburger the latest casualty of severe food shortages triggered by an economic crisis. "At McDonald's Venezuela we are working to resolve this temporary s

French construction group Bouygues is employing more than 100 Indian labourers to work on a hotel it is building in Cuba, breaking a taboo in the Communist-run country on hiring foreign labour in order to meet increased tourism demand. The Cuban governmen

Bank of Japan Governor Haruhiko Kuroda ruled out the idea of using "helicopter money" - or directly underwriting the budget deficit - to combat deflation, as policymakers in Tokyo gear up to expand existing stimulus programmes. Japanese markets have risen

Consumer goods group Unilever beat second-quarter sales forecasts on Thursday, helped by price rises, but kept its full-year target unchanged as some of its markets worsen and comparisons get tougher in the second half of the year. The Anglo-Dutch maker o

US home resales hit their highest level in nearly 9-1/2 years in June as low interest rates lured first-time buyers into the market and the number of Americans filing for unemployment benefits fell last week, underscoring the economy's strength. Although

Brazil's central bank left unchanged Wednesday its benchmark interest rate as Latin America's largest economy remains mired in recession and high inflation. The central bank, as expected, kept the key Selic rate at 14.25 percent, where it has been pegged

Credit card issuer American Express Co reported a better-than-expected quarterly profit, driven by strength in its international business. Net income attributable to common shareholders rose to $2.02 billion, or $2.10 per share, for the second quarter end

Credit card issuer American Express Co reported a better-than-expected quarterly profit, driven by strength in its international business. Net income attributable to common shareholders rose to $2.02 billion, or $2.10 per share, for the second quarter end

South Africa's central bank Thursday cut its 2016 growth forecast to zero percent, as the continent's most advanced economy struggles with high unemployment, a severe drought and global uncertainty. Reserve Bank governor Lesetja Kganyago said the domestic

General Motors Co on Thursday raised its forecast for full-year profits after reporting a record second-quarter profit as it continued to capitalise on strong sales of pickup trucks and sport utility vehicles in the United States. The earnings handily bea

General Motors Co on Thursday raised its forecast for full-year profits after reporting a record second-quarter profit as it continued to capitalise on strong sales of pickup trucks and sport utility vehicles in the United States. The earnings handily bea

Switzerland's biggest banks, UBS and Credit Suisse, have paid more to park money with the Swiss National Bank (SNB) this year, data showed on Thursday. Banking statistics published by the SNB for May showed deposits by the two biggest banks which were sub

US Treasury Secretary Jacob Lew on Thursday said top economies should refrain from competitive currency devaluations - a message likely directed at China, which hosts a G20 finance ministers meeting this weekend. "The global outlook... underscores our foc

US Treasury Secretary Jacob Lew on Thursday said top economies should refrain from competitive currency devaluations - a message likely directed at China, which hosts a G20 finance ministers meeting this weekend. "The global outlook... underscores our foc

Most Gulf stock markets fell on Thursday amid soft oil prices and mixed corporate earnings, while Egypt was hit once again by concern about instability in the country's currency. Dubai's index edged down 0.1 percent. Dubai Parks & Resorts surged 3.8 perce

China stocks closed up on Thursday, the first rise this week, as investors returned to the market in search of bargains. Although Hong Kong's Hang Seng Index and the Euro Stoxx have been up 1.7 percent and 0.7 percent respectively over the past week, Chin

US stocks dipped in early afternoon trading on Thursday, after staying flat for most of the morning, as disappointing earnings reports from Intel and others outweighed the handful of promising reports. Intel shares were down 4.3 percent at $34.14 after it

Wall Street gained on Wednesday and the S&P 500 and Dow industrials set fresh records, as Microsoft's strong results boosted the indexes and marked the latest sign that US corporate earnings season may be less dour than feared. Microsoft shares surged 5.3

Hong Kong's benchmark share index closed above 22,000 on Thursday for the first time this year, joining a regional rally that led many Asian bourses higher. The Hang Seng index rose 0.5 percent, to 22,000.49, while the China Enterprises Index gained 0.4 p

US Treasury debt yields rose on Wednesday in thin trading, bolstered by gains in stocks world-wide as well as a growing view that the Federal Reserve could raise interest rates at least once this year despite risk seen from recent geopolitical events. Gai

US Treasury debt yields rose on Wednesday in thin trading, bolstered by gains in stocks world-wide as well as a growing view that the Federal Reserve could raise interest rates at least once this year despite risk seen from recent geopolitical events. Gai

Australian shares climbed to a near one-year high and New Zealand stocks struck a record close on Thursday, amid growing expectations of further monetary easing this year. The S&P/ASX 200 index rose 23.7 points, or 0.4 percent, to close at 5,512.4, its hi

Tokyo's benchmark index closed at a six-week high Thursday, with exporters boosted by a weak yen after a report said Japan's government is planning stimulus twice as big as initially thought. The package of at least 20 trillion yen is aimed refiring the w

Indian shares fell on Thursday to post their biggest daily percentage loss in four weeks after earnings from HDFC Bank and Kotak Mahindra Bank raised some concerns about bad loans ratios in the sector. HDFC Bank fell 0.3 percent, while Kotak Mahindra Bank

European stocks edged lower on Thursday, as a drop in the shares of major airlines offset gains in some banks, propped up by signals of support for the sector from the European Central Bank. The pan-European STOXX 600 index and similar FTSEurofirst 300 bo

Sri Lankan shares ended little changed on Thursday as gains helped by foreign buying and led by financials were offset by some large-cap consumer staples, while the market awaited directions on the macro economy. The benchmark Colombo stock index ended up

Most Southeast Asian stocks closed lower on Thursday as investor risk appetite remained subdued ahead of a crucial policy meeting by the European Central Bank and the release of US jobless claims data later in the day. "The outcome of the ECB meeting, alo

Britain's top share index slipped on Thursday after four straight days of gains, with airline stocks falling sharply after industry bellwethers easyJet and Lufthansa warned of slower bookings and a worsening outlook. Shares in easyJet dropped 5.3 percent

The dollar climbed to a six-week high against safe-haven yen on Thursday, as news of Japan's plans for an economic stimulus package and growing expectations for the Bank of Japan (BOJ) to ease policy helped support risk sentiment. The yen remained on the

The euro rose to hit a day's high against the dollar on Thursday, after European Central Bank chief Mario Draghi said only that the bank would take time to reassess any changes in the economic outlook. The ECB earlier as expected kept interest rates uncha

The dollar slipped from a six-week high against the yen on Thursday after Bank of Japan chief Haruhiko Kuroda said the bank saw no need to stimulate the economy with "helicopter money." After falling by 1 percent against the Japanese currency following th

The dollar rose on Wednesday, hitting its highest level in four months against a basket of currencies, as expectations rose that the Federal Reserve would tighten monetary policy while other major central banks are forecast to loosen policy. The dollar ha

The Sri Lankan rupee rose on Thursday, led by dollar selling by a state bank, a day after a top central bank official said proceeds from a $1.5 billion sovereign bond issue, which dealers say would lift the local currency, have flowed in. Central Bank Dep

Malaysia's ringgit hit a more than three-week low on Thursday, on renewed concerns over scandal-plagued state-owned fund 1Malaysia Development Berhad (1MDB), while most emerging Asian currencies eased as the dollar held firm. The ringgit fell 0.6 percent

Inter-bank buy/sell rates for the taka against the dollar on Thursday. 78.40-78.40 (previous 78.40-78.40).

Sterling fell against the dollar and the euro on Thursday after data showed the biggest monthly decline in British retail sales for six months in June, keeping alive expectations that the Bank of England will ease policy as early as next month. Sales volu

The New Zealand dollar skidded to its lowest level in more than six weeks on Thursday after the country's central bank flagged more rate cuts ahead, saying the currency had to go lower to generate a much-needed rise in inflation. The kiwi dollar shed 1 pe

Shikhar Dhawan curbed his natural aggression in compiling an unbeaten 46 as India reached the lunch interval on the opening day of the first Test against the West Indies at 72 for one at the Sir Vivian Richards Stadium in Antigua on Thursday. Famed for hi

The international sports tribunal on Thursday rejected an appeal by Russian athletes against a Rio Olympics ban amid mounting pressure for action over state-run doping in Russia. The Court of Arbitration for Sport (CAS) ruling on track and field is seen a

Sri Lanka stacked its squad on Thursday with uncapped bowlers including pacers Asitha Fernando and Roshane Silva and spinner Lakshan Sandakan for the home Test series starting next week against Australia. With its stars sidelined with injury, Sri Lanka wi

The Quaid Manga Football Club outclassed their Usmania counterparts 3-1 in the Super Round of Fame Football League-2015-16. The match started with a fast tempo as the first half saw a flurry of scoring chances but poor finishing let the teams down. In the

Abbas Nawaz and Muhammad Ammad entered into the final after recording victories against their respective rivals in the semi-finals of the Abdul Sattar Edhi Memorial Junior Squash Championship being played here at PAF Hashim Khan Squash Complex on Thursday

England are in a spin in more ways than one as they head into the second Test against Pakistan at Old Trafford on Friday looking to level the four-match series at 1-1. Alastair Cook's men suffered a 75-run defeat inside four days in last week's first Test

Brazilian police have arrested 10 members of an "amateur" would-be terrorist group that expressed loyalty to the Islamic State organisation and was targeting the upcoming Olympics, officials said Thursday. The anti-terrorism swoop codenamed Operation Hash

Pakistan captain Misbah-ul-Haq was adamant his unusual press-up celebrations at Lord's were in no way aimed at England. Misbah marked his maiden Test appearance at 'the home of cricket' with a first-innings century. The 42-year-old, who in the process bec

Nato chief Jens Stoltenberg on Thursday stressed the need for solidarity in the alliance after Donald Trump raised the issue of his own commitment to defending other countries in the group. Trump, the Republican presidential candidate, suggested in a New

A unarmed black man trying to help a patient with autism was shot and wounded by Florida police while lying on the ground with his arms raised in the air and pleading with officers to hold their fire. Charles Kinsey was wounded in the leg in the incident

US-backed fighters on Thursday gave the Islamic State group 48 hours to leave the battleground Syrian town of Manbij, after US-led air strikes nearby killed scores reported to be civilians. Elsewhere, a monitor said at least 51 civilians were killed in bo

US officials on Thursday called on partners in the coalition against Islamic State to increase information sharing to counter the militant group's expanding reach beyond Iraq and Syria, and said a victory in the northern city of Mosul was now in sight.

Over 1,000 migrants were pulled to safety from rickety vessels in the Mediterranean Thursday by rescuers who also recovered 17 bodies, Italy's coastguard said. Around 1,128 people were plucked from five rubber dinghies and three boats in the Strait of Sic

Facebook announced Thursday it had completed its first successful test of its solar-powered Aquila drone, being develop to deliver internet service to remote areas of the world. The test flight represents a "major milestone" for Facebook's efforts to brin

Zimbabwe's war veterans, who have played a crucial and sometimes violent role supporting President Robert Mugabe, on Thursday denounced him as "dictatorial" in the latest sign of growing national instability. A series of recent street protests - the large

Ejecting Western Sahara from the African Union is "impossible", Algeria's prime minister said Thursday after his country's arch-rival Morocco urged the bloc to rethink its position on the "phantom state". Morocco quit the AU in protest in 1984 after the S

Cuba said Thursday there is "nothing to fear" regarding security as direct flights resume between the communist island and the United States, part of their historic rapprochement. With regular commercial flights set to resume in the coming weeks, Cuba's a

A Mexican journalist was shot dead in front of his wife and two children outside his home in a crime-ridden eastern state where 18 other reporters have been murdered since 2010. Pedro Tamayo Rosas, a 45-year-old who covered the police beat for two online

Iran has arrested 40 members of a "terrorist group" who plotted to attack military targets in the south-east of the country, the interior minister said on Thursday. Iran's south-eastern province of Sistan-Balochistan, which borders Pakistan and Afghanista

The French parliament definitively adopted a set of contentious labour reforms on Thursday which sparked months of violent protests against a package seen as a threat to cherished workers' rights. Prime Minister Manuel Valls used a constitutional tool to

Annual Election of Pakistan Yarn Merchant Association (PYMA) will be held on September 5, 2016 to elect the executive committee members of the association. The association will start issuing papers from August 8, 2016 and last date of receiving nomination

The Sindh High Court (SHC) on Thursday rejected the bail plea filed by Pak Sarzameen Party's (PSP) leader Anees Qaimkhani in a case pertaining to providing treatment to terrorists at Ziauddin Hospital Karachi, directing him to approach the trial court. Qa

All Pakistan Textile Mills Association (Aptma) Chairman Tariq Saud has said that the federal government has imposed regulatory duty on the import of cotton yarn in order to protect the domestic industry. "Indian mills were dumping cotton yarn into Pakista

Chairman, Pakistan Chemical and Dyes Merchants Association (PCDMA), Khwaja Arif Kapoor has urged the government to withdraw anti-dumping duty imposed on hydrogen peroxide. Kapoor said local manufacturer of hydrogen peroxide created monopoly following the

Following a major breakdown of baggage handling system at Terminal III of Heathrow Airport, London, all the baggage of PIA flights - PK-788 and PK-786 were not loaded, creating immense difficulties for the passengers. The baggage handling system installed

The services of four Sub-Divisional Officers (SDOs) of Hyderabad Electric Supply Company (Hesco) have been terminated while an Executive Engineer has been reverted to lower post of Sub-Divisional Officer after completion of enquiry against them on charge

Dwindling fisheries stocks in the wake of overfishing and poor regulations pulled down Pakistan's seafood export to $324.859 million in just ended last fiscal year 2015-16, down by seven percent. The country's seafood export stood at $349.235 million in f

Earlier this month, BR Research met Khawaja Muhammad Nauman, the president of Employers' Federation of Pakistan who has been in the office since 2012. In this interview, Nauman talks about issues in the fixing of minimum wages, and lacunas in the laws

Earlier this month, BR Research met Khawaja Muhammad Nauman, the president of Employers' Federation of Pakistan who has been in the office since 2012. In this interview, Nauman talks about issues in the fixing of minimum wages, and lacunas in the laws

Founders Group of the Lahore Chamber of Commerce and Industry, in a meeting held for expressing solidarity with the people of Kashmir, has urged the international community to take notice of the continuous human rights violation in occupied Kashmir.

The University of Veterinary and Animal Sciences Lahore has started work on construction of the Akram Complex on its Ravi Campus Pattoki in recognition of the meritorious services of its late Dean and Professor Dr Muhammad Akram, who had died in a road ac

US Consul General in Lahore Zachary Harkenrider and Additional Auditor General of Pakistan Javaid Jehangir inaugurated the opening session of a three-day workshop on audits of US Agency for International Development (USAID) projects. The workshop was join

Polling for Legislative Assembly-37, Kashmir Valley-II took place on Thursday amid tight security. Arrangements were made with 10 polling stations for 3,935 Kashmiri voters to use their right to vote for the constituency LA-37 Kashmir Valley-II in Lahore.

The business community of Multan has voiced serious concerns after the National Disaster Management Authority (NDMA), issued a warning that areas around the River Chenab in Punjab could be affected by flash floods and demanded of the authorities to take i

As a result of concerted efforts put forth by Overseas Pakistanis Commission (OPC) Punjab, the kidnapped sister of an expatriate Pakistani living in Spain has been recovered safely. Besides this, as much as 11 accused including eight police officials alon

Expressing dismay over the increasing incidents of honour killings across Pakistan, Fareed Mughis Sheikh, President of the Multan Chamber of Commerce & Industry (MCCI), said the business community vehemently condemns all honour killings across Pakistan.

Governor Punjab Rafique Rajwana administered the oath of office to newly appointed Ombudsman Punjab Najam Saeed in a ceremony at the Governor's house here on Thursday. Chief Secretary Punjab and high officials attended the ceremony. Governor Punjab hoped

A host of food outlets, including several shops, has been sealed off after being charged with poor working conditions and lacking business licenses. Teams of the Punjab Food Authority claimed to have closed down 16 of these outlets. On Thursday, its Saman

Chairman Steering Committee on Wildlife and MNA Muhammad Afzal Khokhar has directed the officers concerned for completing the development work of play land and food court at Safari Zoo Park by September 01, 2016. He warned that delay in development work w

An increase in sugar prices right after the holy month of Ramadan has raised eyebrows in sugar market, blaming the investors for hoarding sugar in connivance with selective sugar millers. The market sources said the investors' mafia has built up sugar sto

The Lahore Waste Management Company (LWMC) is striving to transform Lahore as one of the cleanest cities in the world by providing customised solutions in the consultation with citizens and private partners to ensure sustainable, safe, clean and green env

Punjab Provincial Co-operative Bank Ltd has so far sanctioned Rs 1.634 billion agriculture loans for sowing, growing and maturing Kharif crops 2016 through 8,996 members of 45,537 co-operative societies in the province. PPCBL spokesman Rana Irshad Ali tol

Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi has suggested that Pak-China cultural street be established in different cities of Pakistan to promote cultural harmony between China and Pakistan. The PCJCCI chief on

The Competition Commission of Pakistan (CCP) has issued a show cause notice to JCR-VIS Credit Rating Company for prima facie predatory pricing in the bidding for rating assignment of Sukuk issue of PKR 100 billion by Neelum Jhelum Hydropower Company (Priv

The Competition Commission of Pakistan (CCP) has issued a show cause notice to JCR-VIS Credit Rating Company for prima facie predatory pricing in the bidding for rating assignment of Sukuk issue of PKR 100 billion by Neelum Jhelum Hydropower Company (Priv

Following the failure of the Capital Development Authority (CDA) to adhere to the court directives about withdrawal of a summary requesting the Prime Minister to convert National Agriculture Research Centre's 1,395.2 acres of land into a housing scheme, t

Under pressure from the opposition and rights groups, the government is set to pass an anti-honour killing bill and an anti-rape bill during the joint sitting of parliament in an apparent move to curb the increasing trend of crimes against women. In wake

ETEA entry test to be organised by Khyber Medical University (KMU), Peshawar for admission in medical and dental colleges of Khyber Pakhtunkhwa will be held on July 24, at five centres. According to a press release issued from the Directorate of Academics

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Thursday arrested Nazar Muhammad, Waqas and Abdullah Jan, owner of Afridi Hajj & Umrah Services Private Ltd Peshawar, who are allegedly involved in cheating scores of Hujjaj and deprived them of a

A meeting to review pre-Hajj arrangements was held at Hajj Directorate Hayatabad Peshawar on Thursday. Director Hajj Khyber Pakhtunkhwa, Shakeel Ahmad Sethi presided over the meeting. The Chief Security Officer, Airport Security Force, Bacha Khan Internat

Chinese companies continued to boost their overseas investment in the first half (H1) of the year, official data showed on Thursday. The major countries which attracted the investment included Pakistan that takes the benefit of China-Pakistan Economic Cor

Hate speech flourishes, history is distorted and curriculum is disfigured in the name of religion while freedom of expression is stifled in the name of national security, so called morality and contempt of the court. This was stated by PPP Senator Farhatu

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has appreciated the Chinese role for the socio economic development of Pakistan which further strengthens the tested relationship between two countries. This was stated by Vice President FPCCI