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Print - 2016-07-31
Afghan troops press offensive against IS

Afghan troops press offensive against IS

When Afghan troops pushed into Kot, a district close to the border with Pakistan, this week, they found many of the houses empty, with posters plastered on the walls and black flags left by departing Islamic State fighters. Backed by US special forces tro
Published 31 Jul, 2016 12:00am
Afghan troops press offensive against IS

Afghan troops press offensive against IS

When Afghan troops pushed into Kot, a district close to the border with Pakistan, this week, they found many of the houses empty, with posters plastered on the walls and black flags left by departing Islamic State fighters. Backed by US special forces tro
Published 31 Jul, 2016 12:00am
Petitions against PM: Will ECP seek assistance of NAB, FIA?

Petitions against PM: Will ECP seek assistance of NAB, FIA?

The Election Commission of Pakistan (ECP) would have to seek assistance from National Accountability Bureau (NAB), Federal Investigation Agency (FIA) and Federal Board of Revenue (FBR) prior to taking a decision on the petitions filed by opposition partie
Published 31 Jul, 2016 12:00am
Petitions against PM: Will ECP seek assistance of NAB, FIA?

Petitions against PM: Will ECP seek assistance of NAB, FIA?

The Election Commission of Pakistan (ECP) would have to seek assistance from National Accountability Bureau (NAB), Federal Investigation Agency (FIA) and Federal Board of Revenue (FBR) prior to taking a decision on the petitions filed by opposition partie
Published 31 Jul, 2016 12:00am
Petroleum products'' prices to stay unchanged: Dar

Petroleum products'' prices to stay unchanged: Dar

The government has decided not to increase the petroleum prices for next month and the existing prices of petroleum products will remain unchanged till August 31, 2016. Finance Minister Ishaq Dar addressing a press conference Saturday said that the Oil an
Published 31 Jul, 2016 12:00am
Petroleum products' prices to stay unchanged: Dar

Petroleum products' prices to stay unchanged: Dar

The government has decided not to increase the petroleum prices for next month and the existing prices of petroleum products will remain unchanged till August 31, 2016. Finance Minister Ishaq Dar addressing a press conference Saturday said that the Oil an
Published 31 Jul, 2016 12:00am
Petroleum products' prices to stay unchanged: Dar

Petroleum products' prices to stay unchanged: Dar

The government has decided not to increase the petroleum prices for next month and the existing prices of petroleum products will remain unchanged till August 31, 2016. Finance Minister Ishaq Dar addressing a press conference Saturday said that the Oil an
Published 31 Jul, 2016 12:00am
NAB rejects PTI's plea against Dar

NAB rejects PTI's plea against Dar

National Accountability Bureau (NAB) on Saturday decided not to open corruption cases against Federal Finance Minister Ishaq Dar. NAB officials stated that Pakistan Tehreek-e-Insaf (PTI) was unable to present any evidence of Dar's involvement in corruptio
Published 31 Jul, 2016 12:00am
NAB rejects PTI's plea against Dar

NAB rejects PTI's plea against Dar

National Accountability Bureau (NAB) on Saturday decided not to open corruption cases against Federal Finance Minister Ishaq Dar. NAB officials stated that Pakistan Tehreek-e-Insaf (PTI) was unable to present any evidence of Dar's involvement in corruptio
Published 31 Jul, 2016 12:00am
Man charged in 'Belgium attack plot'

Man charged in 'Belgium attack plot'

Belgian authorities on Saturday charged a man over an alleged plot to launch a new attack in Belgium as Europe remained on edge following a wave of jihadist bloodshed in France and Germany. An investigating judge charged Nourredine H., 33, with attempting
Published 31 Jul, 2016 12:00am
Man charged in 'Belgium attack plot'

Man charged in 'Belgium attack plot'

Belgian authorities on Saturday charged a man over an alleged plot to launch a new attack in Belgium as Europe remained on edge following a wave of jihadist bloodshed in France and Germany. An investigating judge charged Nourredine H., 33, with attempting
Published 31 Jul, 2016 12:00am
Clinton, Trump take gloves off in White House slog

Clinton, Trump take gloves off in White House slog

Hillary Clinton and Donald Trump traded insults at opposite ends of the country Friday, taking their fight for the White House to rival battleground states and portraying starkly different visions of America. One of the most divisive US campaigns in moder
Published 31 Jul, 2016 12:00am
Clinton, Trump take gloves off in White House slog

Clinton, Trump take gloves off in White House slog

Hillary Clinton and Donald Trump traded insults at opposite ends of the country Friday, taking their fight for the White House to rival battleground states and portraying starkly different visions of America. One of the most divisive US campaigns in moder
Published 31 Jul, 2016 12:00am
Cabinet reshuffle likely: PM not happy with some ministers' performance

Cabinet reshuffle likely: PM not happy with some ministers' performance

Prime Minister Nawaz Sharif has expressed displeasure over the performance of some of his team members and is likely to reshuffle and expand the federal cabinet in a few days with the objective of improving governance as well as effectively undertaking de
Published 31 Jul, 2016 12:00am
Cabinet reshuffle likely: PM not happy with some ministers' performance

Cabinet reshuffle likely: PM not happy with some ministers' performance

Prime Minister Nawaz Sharif has expressed displeasure over the performance of some of his team members and is likely to reshuffle and expand the federal cabinet in a few days with the objective of improving governance as well as effectively undertaking de
Published 31 Jul, 2016 12:00am
Two Indian soldiers among four killed in IHK

Two Indian soldiers among four killed in IHK

Two soldiers and two suspected militants were killed overnight in a gunbattle in Indian-held Kashmir, the Indian army said Saturday. Colonel N N Joshi said the firefight occurred in Naugam sector, some 120 kilometres (75 miles) north-west of the main city
Published 31 Jul, 2016 12:00am
Two Indian soldiers among four killed in IHK

Two Indian soldiers among four killed in IHK

Two soldiers and two suspected militants were killed overnight in a gunbattle in Indian-held Kashmir, the Indian army said Saturday. Colonel N N Joshi said the firefight occurred in Naugam sector, some 120 kilometres (75 miles) north-west of the main city
Published 31 Jul, 2016 12:00am
Shah Ghulam Qadir elected as Speaker AJK LA

Shah Ghulam Qadir elected as Speaker AJK LA

The PML-N backed Shah Ghulam Qadir elected as speaker AJK Legislative Assembly with majority of votes on Saturday. He secured thirty-nine votes while his opponents Malik Muhammad Nawaz of Muslim Conference got three votes and Aamir Abdul Ghaffar Lone of P
Published 31 Jul, 2016 12:00am
Four children drown

Four children drown

At least four children were killed after drowning in seasonal nullah in Gujarat's Tando area. According to details, the incident took place when the children who were playing outside their house drowned in moving flood water. The victims have been identif
Published 31 Jul, 2016 12:00am
'Global terrorist network operating in Karachi'

'Global terrorist network operating in Karachi'

Law enforcement agencies have obtained details regarding terrorists involved in internationally funding target killers operating in Karachi. The target killers were being financed from London, Bangkok and South Africa. Pakistan Rangers (Sindh) presented t
Published 31 Jul, 2016 12:00am
Party won't tolerate any delinquency, Bilawal tells Murad

Party won't tolerate any delinquency, Bilawal tells Murad

Chief Minister Syed Murad Ali Shah along with his newly-inducted Sindh cabinet members called on Chairman Pakistan Peoples Party Bilawal Bhutto Zardari at Bilawal House and pledged to give maximum performance up to confidence of leadership and expectation
Published 31 Jul, 2016 12:00am
Russia announces four more escape routes from Aleppo

Russia announces four more escape routes from Aleppo

Russia's defence ministry on Saturday announced that four additional "humanitarian corridors" will be opened from Syria's besieged Aleppo, adding that 169 civilians have been able to get out so far. "Four humanitarian corridors are being opened, in additi
Published 31 Jul, 2016 12:00am
Russia announces four more escape routes from Aleppo

Russia announces four more escape routes from Aleppo

Russia's defence ministry on Saturday announced that four additional "humanitarian corridors" will be opened from Syria's besieged Aleppo, adding that 169 civilians have been able to get out so far. "Four humanitarian corridors are being opened, in additi
Published 31 Jul, 2016 12:00am
Killings in IHK: HC arrives to brief FO, GHQ

Killings in IHK: HC arrives to brief FO, GHQ

"The Pakistan government has decided to garner global support against Indian atrocities in Held Kashmir," Pakistan's High Commissioner to New Delhi Abdul Basit told Business Recorder in an exclusive interview here on Saturday. "My visit to Islamabad is ai
Published 31 Jul, 2016 12:00am
Killings in IHK: HC arrives to brief FO, GHQ

Killings in IHK: HC arrives to brief FO, GHQ

"The Pakistan government has decided to garner global support against Indian atrocities in Held Kashmir," Pakistan's High Commissioner to New Delhi Abdul Basit told Business Recorder in an exclusive interview here on Saturday. "My visit to Islamabad is ai
Published 31 Jul, 2016 12:00am
Flood water kills 26 wedding guests

Flood water kills 26 wedding guests

As many as 26 persons of a wedding procession including 18 children and six women died when their pick-up was swept away by the flood water and flung into a gorge in Tehsil Landi Kotal of Khyber Agency. The dead included 18 children and six women. Accordi
Published 31 Jul, 2016 12:00am
Flood water kills 26 wedding guests

Flood water kills 26 wedding guests

As many as 26 persons of a wedding procession including 18 children and six women died when their pick-up was swept away by the flood water and flung into a gorge in Tehsil Landi Kotal of Khyber Agency. The dead included 18 children and six women. Accordi
Published 31 Jul, 2016 12:00am
Government decides to impose ban on import of 'Sheesha'

Government decides to impose ban on import of 'Sheesha'

The government has decided to impose ban on import of 'Seesha' and its use across Pakistan after seeking approval from the federal cabinet, well informed sources in Ministry of National Health Services, Regulations and Co-ordination. Tobacco use is single
Published 31 Jul, 2016 12:00am
Government decides to impose ban on import of 'Sheesha'

Government decides to impose ban on import of 'Sheesha'

The government has decided to impose ban on import of 'Seesha' and its use across Pakistan after seeking approval from the federal cabinet, well informed sources in Ministry of National Health Services, Regulations and Co-ordination. Tobacco use is single
Published 31 Jul, 2016 12:00am
1MDB Malaysia probe: US agencies subpoena Goldman Sachs

1MDB Malaysia probe: US agencies subpoena Goldman Sachs

US regulators have issued subpoenas to Goldman Sachs for documents related to the investment giant''''s dealings with the 1MDB Malaysian state investment fund, a source close to the probe told AFP on Friday. Subpoenas were issued a few months ago by inves
Published 31 Jul, 2016 12:00am
1MDB Malaysia probe: US agencies subpoena Goldman Sachs

1MDB Malaysia probe: US agencies subpoena Goldman Sachs

US regulators have issued subpoenas to Goldman Sachs for documents related to the investment giant''s dealings with the 1MDB Malaysian state investment fund, a source close to the probe told AFP on Friday. Subpoenas were issued a few months ago by investi
Published 31 Jul, 2016 12:00am
1MDB Malaysia probe: US agencies subpoena Goldman Sachs

1MDB Malaysia probe: US agencies subpoena Goldman Sachs

US regulators have issued subpoenas to Goldman Sachs for documents related to the investment giant's dealings with the 1MDB Malaysian state investment fund, a source close to the probe told AFP on Friday. Subpoenas were issued a few months ago by investig
Published 31 Jul, 2016 12:00am
1MDB Malaysia probe: US agencies subpoena Goldman Sachs

1MDB Malaysia probe: US agencies subpoena Goldman Sachs

US regulators have issued subpoenas to Goldman Sachs for documents related to the investment giant's dealings with the 1MDB Malaysian state investment fund, a source close to the probe told AFP on Friday. Subpoenas were issued a few months ago by investig
Published 31 Jul, 2016 12:00am
New Sindh chief minister meets bureaucrats, explains his vision

New Sindh chief minister meets bureaucrats, explains his vision

Sindh Chief Minister Syed Murad Ali has said that over Rs 49 billion of development budget has been released by July 22 which is a record in the history of Sindh. "This shows how much attention I am giving to development," said Shah, who was Sindh's finan
Published 31 Jul, 2016 12:00am
New Sindh chief minister meets bureaucrats, explains his vision

New Sindh chief minister meets bureaucrats, explains his vision

Sindh Chief Minister Syed Murad Ali has said that over Rs 49 billion of development budget has been released by July 22 which is a record in the history of Sindh. "This shows how much attention I am giving to development," said Shah, who was Sindh's finan
Published 31 Jul, 2016 12:00am
Naveed appointed PPP's parliamentary leader in NA

Naveed appointed PPP's parliamentary leader in NA

President Pakistan People's Party Parliamentarian Asif Ali Zardari has appointed member National Assembly and former Federal Minister Syed Naveed Qamar as Parliamentary Leader of the party in National Assembly with immediate effect. A notification in this
Published 31 Jul, 2016 12:00am
Naveed appointed PPP's parliamentary leader in NA

Naveed appointed PPP's parliamentary leader in NA

President Pakistan People's Party Parliamentarian Asif Ali Zardari has appointed member National Assembly and former Federal Minister Syed Naveed Qamar as Parliamentary Leader of the party in National Assembly with immediate effect. A notification in this
Published 31 Jul, 2016 12:00am
No new IMF programme under consideration: Wathra

No new IMF programme under consideration: Wathra

State Bank of Pakistan (SBP) Governor Ashraf Mehmood Wathra Saturday said no new International Monetary Fund (IMF) programme is under consideration. Talking to newsmen during a press conference at SBP head office, Wathra said Pakistan has successfully com
Published 31 Jul, 2016 12:00am
No new IMF programme under consideration: Wathra

No new IMF programme under consideration: Wathra

State Bank of Pakistan (SBP) Governor Ashraf Mehmood Wathra Saturday said no new International Monetary Fund (IMF) programme is under consideration. Talking to newsmen during a press conference at SBP head office, Wathra said Pakistan has successfully com
Published 31 Jul, 2016 12:00am
No new IMF programme under consideration: Wathra

No new IMF programme under consideration: Wathra

State Bank of Pakistan (SBP) Governor Ashraf Mehmood Wathra Saturday said no new International Monetary Fund (IMF) programme is under consideration. Talking to newsmen during a press conference at SBP head office, Wathra said Pakistan has successfully com
Published 31 Jul, 2016 12:00am
HIGHLIGHTS
Currency

HIGHLIGHTS

Increased economic activity in FY2016-17 may impact inflation. Focusing on inflationary expectations, a nine-member Monetary Policy Committee (MPC) of State Bank of Pakistan (S BP) on Saturday, therefore, decided to maintain policy rate at 5.75 percent fo
Published 31 Jul, 2016 12:00am
HIGHLIGHTS
Currency

HIGHLIGHTS

Increased economic activity in FY2016-17 may impact inflation. Focusing on inflationary expectations, a nine-member Monetary Policy Committee (MPC) of State Bank of Pakistan (S BP) on Saturday, therefore, decided to maintain policy rate at 5.75 percent fo
Published 31 Jul, 2016 12:00am
HIGHLIGHTS
Currency

HIGHLIGHTS

Increased economic activity in FY2016-17 may impact inflation. Focusing on inflationary expectations, a nine-member Monetary Policy Committee (MPC) of State Bank of Pakistan (S BP) on Saturday, therefore, decided to maintain policy rate at 5.75 percent fo
Published 31 Jul, 2016 12:00am
HIGHLIGHTS
Currency

HIGHLIGHTS

Increased economic activity in FY2016-17 may impact inflation. Focusing on inflationary expectations, a nine-member Monetary Policy Committee (MPC) of State Bank of Pakistan (S BP) on Saturday, therefore, decided to maintain policy rate at 5.75 percent fo
Published 31 Jul, 2016 12:00am
Erdogan says wants Turkey spy agency, chief of staff under his control

Erdogan says wants Turkey spy agency, chief of staff under his control

President Recep Tayyip Erdogan on Saturday said he wanted to introduce constitutional changes to bring the Turkish spy agency and military chief of staff directly under his control after the failed coup. "We are going to introduce a small constitutional p
Published 31 Jul, 2016 12:00am
Erdogan says wants Turkey spy agency, chief of staff under his control

Erdogan says wants Turkey spy agency, chief of staff under his control

President Recep Tayyip Erdogan on Saturday said he wanted to introduce constitutional changes to bring the Turkish spy agency and military chief of staff directly under his control after the failed coup. "We are going to introduce a small constitutional p
Published 31 Jul, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (July 30, 2016) and the forecast for Sunday (July 17, 2016).

Published 31 Jul, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 30, 2016).

Published 31 Jul, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 30, 2016).

Published 31 Jul, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 30, 2016).

Published 31 Jul, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 30, 2016)

Published 31 Jul, 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 (July 30, 2016).

Published 31 Jul, 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 (July 30, 2016).

Published 31 Jul, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 30, 2016).

Published 31 Jul, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 30, 2016).

Published 31 Jul, 2016 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

Firmness prevailed on the money market on Saturday as the rupee did not move any side against the dollar in the process of trading activity, dealers said. The rupee sustained its levels in relation to the dollar for buying and selling at Rs 105.70 and Rs
Published 31 Jul, 2016 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

Firmness prevailed on the money market on Saturday as the rupee did not move any side against the dollar in the process of trading activity, dealers said. The rupee sustained its levels in relation to the dollar for buying and selling at Rs 105.70 and Rs
Published 31 Jul, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (July 30, 2016).

Published 31 Jul, 2016 12:00am
US Midwest corn bids lower

US Midwest corn bids lower

Corn spot basis bids at US Midwest river elevators eased on Thursday, but gained for soyabeans around the interior of the region, grain merchandisers said. Soft corn basis bids reflected limited demand for product shipment by barge to the US Gulf Coast. B
Published 31 Jul, 2016 12:00am
Indian soyabeans up but higher planting caps gains

Indian soyabeans up but higher planting caps gains

Indian soyabean edged up on Thursday but gains were capped due to an increase in the planting area and low demand for meal, a byproduct of crushing. The October soyabean contract on the National Commodity & Derivatives Exchange ended 0.1 percent up at 3,6
Published 31 Jul, 2016 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh fell about 1 percent at the weekly auction on Tuesday as volumes on offer were at their highest level of the season. Bangladesh tea fetched an average of 212.48 taka ($2.8) per kg at the auction, the 13th of the new marketing seas
Published 31 Jul, 2016 12:00am
Thin trade on grain market

Thin trade on grain market

Little business was witnessed on the wholesale grain market on Saturday, dealers said. On the cereals side, Moong Punjab gained Rs 125 to Rs 8000, other commodities maintained overnight levels, they said. On the Grams side, Bajra low type was lower by Rs
Published 31 Jul, 2016 12:00am
US natural gas futures jump nearly eight percent on small storage build

US natural gas futures jump nearly eight percent on small storage build

US natural gas futures on Thursday soared almost 8 percent on a much smaller-than-expected weekly storage build and on forecasts calling for continued hot weather over the next two weeks. On its first day as the front month, gas futures for September deli
Published 31 Jul, 2016 12:00am
Asian rice export prices mixed

Asian rice export prices mixed

Asian rice export prices were mixed this week, with prices in India rising on limited supplies, while Thai prices eased due to major auctions of state stockpiles, traders said on Wednesday. India's 5 percent broken parboiled rice rose by $1 per tonne this
Published 31 Jul, 2016 12:00am
India seeks pulses from Myanmar, Africa to ease shortage

India seeks pulses from Myanmar, Africa to ease shortage

India is looking to import pulses from Myanmar and African nations to counter a domestic shortfall of 7.6 million tonnes that has driven local prices of key pulses like chickpea to a record high, Food Minister Ram Vilas Paswan said. More purchases by Indi
Published 31 Jul, 2016 12:00am
Lean business on cotton market as mills stay on the sidelines
Cotton

Lean business on cotton market as mills stay on the sidelines

A subdued activity was witnessed on the cotton market on Saturday as mills stayed on the sidelines to observe latest developments, dealers said. The official spot rate was unchanged at Rs 6,350, dealers said. In Sindh seed cotton prices were unchanged at
Published 31 Jul, 2016 12:00am
CBOT wheat futures drop for third straight session

CBOT wheat futures drop for third straight session

Chicago Board of Trade wheat futures declined for the third straight session on Thursday, pressured by ample supplies following US summer harvests and lower prices for the competing grain of corn, traders said. Prices appeared set to test the nearly decad
Published 31 Jul, 2016 12:00am
Freight rates for large capesize dry cargo likely to hold steady

Freight rates for large capesize dry cargo likely to hold steady

Freight rates for large capesize dry cargo ships on key Asian routes are likely to hold steady as ship owners resist charterers' attempts to push rates lower amid a dearth of cargo, ship brokers said. "We are reaching a floor, particularly in the Pacific.
Published 31 Jul, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot basis bids for hard red winter wheat on Thursday in the southern US Plains were unchanged as farmers eyed weaker futures prices, merchandisers said. Lower Chicago Board of Trade corn and soybeans weighed on K.C. hard red winter wheat contracts that w
Published 31 Jul, 2016 12:00am
US FOB Gulf soyabean offers firmer on strong demand

US FOB Gulf soyabean offers firmer on strong demand

Export premiums for soyabeans shipped from the US Gulf Coast remained mostly firm on Thursday due to increased demand, traders said. Corn and wheat export premiums were steady to weaker. Exporters struck deals to sell 328,000 tonnes of US soyabeans to unk
Published 31 Jul, 2016 12:00am
Vietnam's coffee market falls; Indonesian steady

Vietnam's coffee market falls; Indonesian steady

Vietnam's coffee market fell as traders refused to buy expensive, scarce domestic beans amid easing global prices, while the market was steady in Indonesia, traders said on Thursday. Robusta grade 2, 5 percent black and broken, in Vietnam, the world's top
Published 31 Jul, 2016 12:00am
Chinese iron ore futures climb to three-month high

Chinese iron ore futures climb to three-month high

Chinese iron ore futures rose almost 4 percent to the highest since April on Thursday, tracking big gains in steel prices, with sentiment also supported by a call from local miners to probe cheap imports which have hurt the domestic industry. Iron ore tra
Published 31 Jul, 2016 12:00am
European wheat futures higher

European wheat futures higher

European wheat futures were higher on Thursday, with prices finding technical support after falling back this week from a six-month high and traders waiting for more harvest results to assess the extent of weather damage in western Europe. Front-month Sep
Published 31 Jul, 2016 12:00am
Brazil clears sale of 60 percent public coffee stocks

Brazil clears sale of 60 percent public coffee stocks

The Brazilian government has authorized the sale of 60 percent of public coffee stocks in biweekly auctions to help ease supply concerns and high prices caused by drought, crop supply agency Conab said on Thursday. Conab plans to hold regular auctions eve
Published 31 Jul, 2016 12:00am
Weather helps Argentine corn harvest

Weather helps Argentine corn harvest

Sunny weather has helped speed corn harvesting in Argentina after delays caused by rains but delivery of grains to port remained nearly paralyzed on Wednesday by a truckers' strike. Drivers are asking for a 31 percent increase in hauling rates paid by far
Published 31 Jul, 2016 12:00am
USDA confirms unapproved GMO wheat found in Washington state

USDA confirms unapproved GMO wheat found in Washington state

Genetically modified wheat developed by Monsanto Co, and never approved by federal regulators, has been found growing in a Washington state farm field, the US Department of Agriculture (USDA) said on Friday. The discovery of 22 unapproved genetically modi
Published 31 Jul, 2016 12:00am
South Korea rejects Argentina feed wheat after GMO strain found

South Korea rejects Argentina feed wheat after GMO strain found

South Korea rejected a shipment of Argentine feed wheat after finding unapproved strains of genetically modified organisms (GMO) in the cargo, the agriculture ministry said on Tuesday. Seoul bans the entry of unapproved genetically modified organisms, def
Published 31 Jul, 2016 12:00am
German firm to start metal trading platform for spot deliveries

German firm to start metal trading platform for spot deliveries

Newly-established German company Metalprodex GmbH said on Monday it planned to start a trading platform for the buying and selling of base metals for immediate physical delivery. The aim is to start offering an electronic trading platform in September whi
Published 31 Jul, 2016 12:00am
Cotton futures up over one percent
Cotton

Cotton futures up over one percent

ICE cotton futures jumped more than 1 percent on Friday on dry weather concerns in West Texas, the top US producing region, and as the US dollar tumbled on disappointing economic data. "West Texas, which is the largest concentrated area has become very ho
Published 31 Jul, 2016 12:00am
Indonesia boosts sugar imports from Thailand

Indonesia boosts sugar imports from Thailand

Indonesia is boosting sugar imports from Thailand following a free trade agreement between the two countries, but Australia could erode the Thai advantage if a similar deal is sealed. Indonesia is the world's second biggest importer of sugar behind China,
Published 31 Jul, 2016 12:00am
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