AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
BR100 12,888 Increased By 217.2 (1.71%)
BR30 38,116 Increased By 748.7 (2%)
KSE100 119,962 Increased By 1425.4 (1.2%)
KSE30 36,773 Increased By 479.3 (1.32%)
May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-10-16
Brazil president says no tax increase after cut in fuel price

Brazil president says no tax increase after cut in fuel price

Brazilian President Michel Temer said on Saturday the government has no plans to increase fuel taxes, a day after state-run oil company Petrobras announced a drop in fuel prices. Friday's price cut by Petroleo Brasileiro SA marked a significant shift foll
Published 16 Oct, 2016 12:00am
Attacks including suicide bombings kill 46 in Iraq

Attacks including suicide bombings kill 46 in Iraq

Attacks killed at least 46 people in Iraq on Saturday, including a suicide bombing claimed by the Islamic State group that was the deadliest to hit Baghdad in months. The violence comes as Iraqi forces prepare for an operation to retake Mosul, the last IS
Published 16 Oct, 2016 12:00am
Body of Poland's late president to be exhumed in crash probe

Body of Poland's late president to be exhumed in crash probe

The twin brother of Poland's former president Lech Kaczynski, who died in a 2010 plane crash in Russia, said Saturday he agrees with the decision to exhume the late leader's body as part of a new inquiry into the accident. "I have agreed with the prosecut
Published 16 Oct, 2016 12:00am
Experts discover 'cavities' in Egypt's Great Pyramid

Experts discover 'cavities' in Egypt's Great Pyramid

Egypt's Great Pyramid of Giza could contain two previously unknown "cavities", scientists using radiography to scan the millennia-old monument said on Saturday. On Thursday, the antiquities ministry cautiously announced finding "two anomalies" in the pyra
Published 16 Oct, 2016 12:00am
Blow to Libya unity government as rival seizes offices

Blow to Libya unity government as rival seizes offices

Libya's UN-backed unity government has suffered a new setback after a political rival seized key offices in the capital and proclaimed the reinstatement of the former administration. The United Nations' Libya envoy condemned the latest challenge to the au
Published 16 Oct, 2016 12:00am
Clinton heavily favoured to win Electoral College

Clinton heavily favoured to win Electoral College

After a brutal week for Republican presidential nominee Donald Trump, Democrat Hillary Clinton maintained a substantial projected advantage in the race to win the Electoral College and claim the US presidency, according to the latest results from the Reut
Published 16 Oct, 2016 12:00am
Trump rejects new assault claims, slams international plot

Trump rejects new assault claims, slams international plot

Donald Trump on Friday sarcastically dismissed women accusing him of sexual misconduct - even as two more came forward with lurid accounts - and denounced what he called an international political and media plot against him. President Barack Obama warned
Published 16 Oct, 2016 12:00am
UN chief's visit to highlight dire need in hurricane-hit Haiti

UN chief's visit to highlight dire need in hurricane-hit Haiti

UN Secretary General Ban Ki-moon will call attention to a dire need for emergency aid in hurricane-hit Haiti, with a high-profile visit Saturday to the worst-ravaged parts of the Caribbean nation. Ban is due to conduct an aerial survey of the damage along
Published 16 Oct, 2016 12:00am
Bravo firm after Samuels departs in first Test

Bravo firm after Samuels departs in first Test

West Indian batsman Darren Bravo followed up Marlon Samuels' half-century to keep Pakistan at bay in the first day-night Test in Dubai on Saturday. Bravo was unbeaten on 56, with Jermaine Blackwood 14 not out, as West Indies, 211-3 at dinner, still trail
Published 16 Oct, 2016 12:00am
Bangladesh coach warns against England expectations

Bangladesh coach warns against England expectations

Bangladesh coach Chandika Hathurusinghe on Saturday warned against expecting "miracles" from his side in the forthcoming Test series against England beginning next week. Bangladesh won six consecutive one-day international series since November 2014 befor
Published 16 Oct, 2016 12:00am
Rossi takes pole for Japan Grand Prix

Rossi takes pole for Japan Grand Prix

Nine-time world champion Valentino Rossi stormed to pole position for Sunday's Grand Prix of Japan after clocking the fastest time in qualifying, resuming his campaign to overtake championship leader Marc Marquez. The Yamaha man timed 1min 43.954sec at th
Published 16 Oct, 2016 12:00am
Man City and Spurs stumble as Arsenal, Chelsea advance

Man City and Spurs stumble as Arsenal, Chelsea advance

Manchester City twice missed penalties in a 1-1 draw with Everton on Saturday as 10-man Arsenal went level with them on points at the top of the Premier League table after seeing off Swansea 3-2. Arsenal leapfrogged Tottenham Hotspur into second place aft
Published 16 Oct, 2016 12:00am
Dhoni relying more on Kohli

Dhoni relying more on Kohli

Indian one-day skipper Mahendra Singh Dhoni said Saturday he has started relying more on his younger teammate Virat Kohli, who is tipped to take over the captaincy in the shorter formats of the game. Firebrand Kohli, 27, was named skipper of the Indian Te
Published 16 Oct, 2016 12:00am
Cycling: Dane Dideriksen wins women's world road race

Cycling: Dane Dideriksen wins women's world road race

Denmark's Amalie Dideriksen was the shock winner of the women's road race event at the world championships in Qatar on Saturday. The 20-year-old stunned one of the pre-race favourites, Kirsten Wild, on the finishing line timing her sprint to perfection to
Published 16 Oct, 2016 12:00am
Murray into Shanghai final as Djokovic crashes

Murray into Shanghai final as Djokovic crashes

Andy Murray blasted his way into the Shanghai Masters final on Saturday but holder Novak Djokovic angrily smashed his racquet and ripped his shirt as he crashed out to Roberto Bautista. Murray was made to work in a rollercoaster first set against Gilles S
Published 16 Oct, 2016 12:00am
Messi scores on return in Barca rout, Sevilla top

Messi scores on return in Barca rout, Sevilla top

Lionel Messi took just three minutes to score on his return from injury as Barcelona enjoyed the perfect preparation for the visit of Manchester City in midweek with a 4-0 thrashing of Deportivo la Coruna on Saturday. The Spanish champions were already 3-
Published 16 Oct, 2016 12:00am
Wozniacki reaches Hong Kong open finals

Wozniacki reaches Hong Kong open finals

Former world number one Caroline Wozniacki fought her way to the Hong Kong Open finals Saturday after beating defending champion Jelena Jankovic. The currently 22nd-ranked Wozniacki will face France's Kristina Mladenovic, ranked 54, on Sunday. "I'm lookin
Published 16 Oct, 2016 12:00am
Aussie, kiwi forecasts turn less bearish as yield appeal grows
Currency

Aussie, kiwi forecasts turn less bearish as yield appeal grows

Analysts are moderating their usually bearish outlook on the Australian and New Zealand dollars as investors desperately search for yield in a low interest rate world. A Reuters poll of 52 analysts saw the Aussie at 76 US cents in one month, one cent high
Published 16 Oct, 2016 12:00am
Speculators boost dollar bets to eight-month high
Currency

Speculators boost dollar bets to eight-month high

Speculators lifted favourable bets on the US dollar for a third straight week, with net longs hitting their highest in more than eight months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The
Published 16 Oct, 2016 12:00am
Dollar rises as US data backs December rate hike view
Currency

Dollar rises as US data backs December rate hike view

The dollar on Friday posted its best weekly performance in more than seven months after strong US retail sales and producer prices data for September reinforced expectations the Federal Reserve would raise interest rates in December. The US currency brief
Published 16 Oct, 2016 12:00am
Canadian dollar rises
Currency

Canadian dollar rises

The Canadian dollar gained against a broadly stronger US counterpart on Friday as investor appetite for risk was restored due to Chinese and US economic data that was more robust than expected. The loonie, as the currency is colloquially known, gained mor
Published 16 Oct, 2016 12:00am
Zloty seen rebounding, Czech crown to firm past current cap

Zloty seen rebounding, Czech crown to firm past current cap

Receding political risks are seen boosting the Polish zloty, and the Czech crown will be helped by the likely removal of the central bank's cap in the next 12 months, a Reuters poll of foreign exchange strategists and analysts showed. The median forecasts
Published 16 Oct, 2016 12:00am
Wall Street's gains fade as Yellen questions economy's resilience

Wall Street's gains fade as Yellen questions economy's resilience

US stocks ended little changed on Friday, losing ground late after Federal Reserve Chair Janet Yellen's comments on the economy unnerved investors. Financial shares finished up, giving the S&P 500 its biggest boost after stronger-than-expected bank result
Published 16 Oct, 2016 12:00am
Hungarian bonds seen outperforming peers

Hungarian bonds seen outperforming peers

Forint-denominated government bonds could significantly outperform peers in Poland and other developed markets in the next year despite Hungary's lower credit ratings, according to a quarterly Reuters poll of analysts. In the September 30-October 5 survey
Published 16 Oct, 2016 12:00am
Hungarian bonds seen outperforming peers

Hungarian bonds seen outperforming peers

Forint-denominated government bonds could significantly outperform peers in Poland and other developed markets in the next year despite Hungary's lower credit ratings, according to a quarterly Reuters poll of analysts. In the September 30-October 5 survey
Published 16 Oct, 2016 12:00am
Bond trading in Europe this year down 1.5 trillion euros

Bond trading in Europe this year down 1.5 trillion euros

Bond trading volume in Europe has declined by 1.5 trillion euros ($1.68 trillion) this year as the fallout from tighter regulation and record low interest rates take their toll on fixed income markets, figures published on Wednesday showed. Bonds worth 20
Published 16 Oct, 2016 12:00am
Bond trading in Europe this year down 1.5 trillion euros

Bond trading in Europe this year down 1.5 trillion euros

Bond trading volume in Europe has declined by 1.5 trillion euros ($1.68 trillion) this year as the fallout from tighter regulation and record low interest rates take their toll on fixed income markets, figures published on Wednesday showed. Bonds worth 20
Published 16 Oct, 2016 12:00am
UK government bond trading volume gets a huge Brexit boost

UK government bond trading volume gets a huge Brexit boost

The volume and value of UK government bonds changing hands since Britain's decision in June to leave the European Union has soared by as much 400 percent, figures on Tuesday showed. The frenetic trading in UK sovereign debt comes as investors try to chart
Published 16 Oct, 2016 12:00am
UK government bond trading volume gets a huge Brexit boost

UK government bond trading volume gets a huge Brexit boost

The volume and value of UK government bonds changing hands since Britain's decision in June to leave the European Union has soared by as much 400 percent, figures on Tuesday showed. The frenetic trading in UK sovereign debt comes as investors try to chart
Published 16 Oct, 2016 12:00am
TSX falls as gold and energy shares lose ground

TSX falls as gold and energy shares lose ground

Canada's main stock index fell on Friday as a stronger US dollar pressured gold prices and energy companies scrambled to protect pipelines. The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.5 percent as g
Published 16 Oct, 2016 12:00am
'Market-sounding' of Chinese bond deals raises governance issues

'Market-sounding' of Chinese bond deals raises governance issues

Chinese issuers are still giving some investors advance notice of their offerings of offshore bonds, even as European rules clamp down on the practice to contain the risk of insider trading. Debt bankers have cried foul over the handling of lead orders on
Published 16 Oct, 2016 12:00am
'Market-sounding' of Chinese bond deals raises governance issues

'Market-sounding' of Chinese bond deals raises governance issues

Chinese issuers are still giving some investors advance notice of their offerings of offshore bonds, even as European rules clamp down on the practice to contain the risk of insider trading. Debt bankers have cried foul over the handling of lead orders on
Published 16 Oct, 2016 12:00am
ECB ups pace of sovereign bond buying

ECB ups pace of sovereign bond buying

The European Central Bank bought more government bonds last week than it has in any week since May, just as the market was roiled by speculation about a possible reduction in purchases, ECB data showed on Monday. The central bank does not comment on why i
Published 16 Oct, 2016 12:00am
ECB ups pace of sovereign bond buying

ECB ups pace of sovereign bond buying

The European Central Bank bought more government bonds last week than it has in any week since May, just as the market was roiled by speculation about a possible reduction in purchases, ECB data showed on Monday. The central bank does not comment on why i
Published 16 Oct, 2016 12:00am
Scotland to set up Berlin office to boost trade links after Brexit

Scotland to set up Berlin office to boost trade links after Brexit

Scotland will set up a trade office in Berlin, boosting its trade departments in readiness for all possibilities, including Scottish independence, after Britain leaves the EU, First Minister Nicola Sturgeon will say on Saturday. The Scottish National Part
Published 16 Oct, 2016 12:00am
UK to fast-track deal to buy German armoured vehicles
Currency

UK to fast-track deal to buy German armoured vehicles

Britain's Ministry of Defence wants to fast-track the purchase of 800 armoured vehicles from Germany because it fears that the fall in the value of sterling could lead to unconfirmed projects being cancelled, the Times newspaper reported on Saturday. A mi
Published 16 Oct, 2016 12:00am
Volkswagen to step up savings in wake of emissions scandal

Volkswagen to step up savings in wake of emissions scandal

German carmaker Volkswagen is planning to tighten spending sharply as it deals with fall-out from its diesel emissions cheating scandal, Automobilwoche reported on Saturday. Chief executive Matthias Mueller in an internal meeting demanded that material co
Published 16 Oct, 2016 12:00am
Belgium agrees budget after tough talks on spending cuts
Currency

Belgium agrees budget after tough talks on spending cuts

Belgium's coalition government has agreed the basics of its budget, finding savings of some three billion euros ($3.4 billion) to help balance the books. "Agreement," said Prime Minister Charles Michel in a tweeted message late Friday after lengthy talks
Published 16 Oct, 2016 12:00am
Banco Popolare, BPM shareholders green light historic tie-up

Banco Popolare, BPM shareholders green light historic tie-up

Banco Popolare and BPM shareholders voted on Saturday to merge the two banks under an accord that will create Italy's third-largest lender and consolidate the country's troubled banking sector. As expected, the "yes" vote won easily at Banco Popolare, wit
Published 16 Oct, 2016 12:00am
Continental buys auto supplier Konrad Hornschuch

Continental buys auto supplier Konrad Hornschuch

Leading German car industry manufacturer Continental on Saturday announced it had bought Hornschuch, a maker of films, foam laminates and artificial leather for cars and other applications, to help it expand into other industry sectors. Hornschuch, with s
Published 16 Oct, 2016 12:00am
African Union adopts charter on piracy, illegal fishing

African Union adopts charter on piracy, illegal fishing

The African Union on Saturday adopted an agreement on piracy, illegal fishing and maritime security at a summit in Togo. "We are happy to announce the adoption and signing of a charter on maritime security and safety and development in Africa," Congolese
Published 16 Oct, 2016 12:00am
Thai rice export prices widen on stockpiling plan

Thai rice export prices widen on stockpiling plan

Thai rice export prices widened on Wednesday as prospects of higher exports to China and Iran brightened and on a government plan to stockpile at least 10 million tonnes, while prices in Vietnam edged up on demand from the Philippines, traders said. The T
Published 16 Oct, 2016 12:00am
Your rupee last quarter
Currency

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (July 04, to September 30, 2016)

Published 16 Oct, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (October 15, 2016) and the forecast for Sunday (October 16, 2016).

Published 16 Oct, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 15, 2016).

Published 16 Oct, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 15, 2016)

Published 16 Oct, 2016 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 15, 2016).

Published 16 Oct, 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 (October 15, 2016).

Published 16 Oct, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 15, 2016).

Published 16 Oct, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 15, 2016).

Published 16 Oct, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar, dealers said. The rupee managed to hold overnight levels in relation to the dollar for buying and selling at Rs 105.25 and Rs 105.45 respectively,
Published 16 Oct, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar, dealers said. The rupee managed to hold overnight levels in relation to the dollar for buying and selling at Rs 105.25 and Rs 105.45 respectively,
Published 16 Oct, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 15, 2016).

Published 16 Oct, 2016 12:00am
Asian naphtha crack down

Asian naphtha crack down

Asia's naphtha crack fell for a third straight session on Wednesday to a five-session low of $40.30 a tonne as the market focused on cracker outages and looked past a steady stream of demand. South Korea's YNCC bought two naphtha cargoes at discounts of a
Published 16 Oct, 2016 12:00am
Vietnamese coffee prices rise to over three-year high

Vietnamese coffee prices rise to over three-year high

Discounts of Vietnamese coffee widened on Thursday as local prices hit their highest since May 2013, while differentials were little changed in Indonesia at the end of the harvest season, traders said on Thursday. Harvesting is expected to peak up in a mo
Published 16 Oct, 2016 12:00am
US FOB Gulf HRW wheat offers steady on strong demand

US FOB Gulf HRW wheat offers steady on strong demand

Hard red winter wheat export premiums for shipments from the US Gulf Coast were steady with a firm tone on Thursday, supported by strong global demand for high-protein wheat and tight supplies from rival exporters, traders said.
Published 16 Oct, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures climbed on Thursday to a near three-month high, as wet, snowy weather stalled the harvest in Western Canada and prompted speculator buying. Some 77 percent of Saskatchewan's canola was harvested as of Monday. The overall harves
Published 16 Oct, 2016 12:00am
Dreyfus sees bullish outlook for Brazil's sugar industry

Dreyfus sees bullish outlook for Brazil's sugar industry

A sharp rise in sugar prices this year has helped transform the outlook for Brazil's sugar industry with the future now bright for a sector which suffered many closures and bankruptcies in recent years, the CEO of Louis Dreyfus said on Wednesday.
Published 16 Oct, 2016 12:00am
India's Essar agrees to sell oil arm to Rosneft-led group

India's Essar agrees to sell oil arm to Rosneft-led group

India's debt-laden Essar Group confirmed on Saturday that it has agreed to sell a 98 percent interest in its Essar Oil unit to a consortium led by Russia's Rosneft, giving the energy giant a gateway into the world's fastest growing fuel market. The deal w
Published 16 Oct, 2016 12:00am
Egypt's Sisi defends 'tough but unavoidable' economic reforms

Egypt's Sisi defends 'tough but unavoidable' economic reforms

Egypt's President Abdel Fattah al-Sisi has defended what he described as "tough but unavoidable" reforms ahead of a $12-billion International Monetary Fund loan to revive his country's ailing economy. "The reforms are tough but they're unavoidable to save
Published 16 Oct, 2016 12:00am
Bangladesh, China firms ink $13.6 billion deals as Xi ends tour

Bangladesh, China firms ink $13.6 billion deals as Xi ends tour

Bangladeshi and Chinese firms have signed $13.6 billion in trade and investment deals on the sidelines of President Xi Jinping's brief tour to the South Asian nation, a trade group official said Saturday. The deals are in addition to $20 billion in loan a
Published 16 Oct, 2016 12:00am
Hedge funds turn most bullish on US crude in over two years

Hedge funds turn most bullish on US crude in over two years

Hedge funds boosted their bullish bets on US crude oil for the third week in a row to a more than two-year high, data showed on Friday, as non-Opec countries raised expectations of a joint effort with Opec members to cut output. Money managers raised thei
Published 16 Oct, 2016 12:00am
Mercuria sees oil sector going digital with blockchain
Currency

Mercuria sees oil sector going digital with blockchain

The traditionally old-fashioned oil and gas industry could start adopting the technology behind the bitcoin electronic currency within the next year, according to one of the world's largest commodity traders. The commodities world is generally perceived t
Published 16 Oct, 2016 12:00am
Black pod damages 1/5 of cocoa crop in Ivory Coast

Black pod damages 1/5 of cocoa crop in Ivory Coast

Black pod disease due to weeks of heavy rain in Ivory Coast's western and south-western regions has damaged about a fifth of the cocoa crop, buyers who deliver to the largest bean processors said on Friday. About two thirds of cocoa in Ivory Coast, the wo
Published 16 Oct, 2016 12:00am
ICO revises up global coffee output

ICO revises up global coffee output

The International Coffee Organization on Friday raised its forecast for the 2015/16 crop, partly reflecting higher output in Colombia, but still saw a global deficit for the season. The ICO predicted a global deficit of 3.3. million bags for 2015/16, the
Published 16 Oct, 2016 12:00am
Egypt's supply ministry sets price of sugar at government selling points

Egypt's supply ministry sets price of sugar at government selling points

Egyptian Supply Minister Mohamed Ali El-Sheikh set the price of sugar at government's selling points at 6 Egyptian pounds ($0.6757) per kg following a spike in domestic prices due to a sugar shortage. "The decision aims to control the prices and regulate
Published 16 Oct, 2016 12:00am
Brazil coffee belt bursts into flower as 2017 crop begins

Brazil coffee belt bursts into flower as 2017 crop begins

Brazil's main CCCMG physical coffee exchange reported on Friday that trees in the world's leading exporter of the commodity entered into widespread flowering after recent rains, the first signs of the coming 2017 crop after several years of drought.
Published 16 Oct, 2016 12:00am
People's tribunal accuses Monsanto of 'ecocide'

People's tribunal accuses Monsanto of 'ecocide'

Global activists Friday launched a people's tribunal, accusing giant US seeds firm Monsanto of violating human rights and committing the crime of "ecocide", by posing a "major threat" to the environment. Monsanto, which produces genetically-modified seeds
Published 16 Oct, 2016 12:00am
Australian wheat output seen near record

Australian wheat output seen near record

Australia is expected to harvest a near-record wheat crop in 2016/17, slightly ahead of official estimates, a Reuters poll shows, but recent heavy rains may lead to quality downgrades and curb exports. The world's fourth-largest wheat exporter is set to p
Published 16 Oct, 2016 12:00am
Stainless steel surge impacts nickel and ferro-chrome

Stainless steel surge impacts nickel and ferro-chrome

Global steel demand will rise by a meagre 0.2 percent this year, according to the World Steel Association (WSA). Next year won't be much better with a forecast of just 0.5 percent growth. But it could have been worse. The WSA has upped its forecasts from
Published 16 Oct, 2016 12:00am
Freight rates for large capesize dry cargo ships to go lower

Freight rates for large capesize dry cargo ships to go lower

Freight rates for large capesize dry cargo ships on key Asian routes are set to slide next week as the number of ships available for charter outpaced cargo demand, ship brokers said on Thursday. "Charterers are in the market but there aren't that many car
Published 16 Oct, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 15, 2016).

Published 16 Oct, 2016 12:00am
Cotton market: prices further rise on sustained buying
Cotton

Cotton market: prices further rise on sustained buying

On the back of strong mills and some exporters' buying prices moved up further on the cotton market on Saturday, dealers said. The official spot rate rose by Rs 25 to Rs 6000, dealers said. Phutti rates in Sindh were firm at Rs 2900-3250, they said. In th
Published 16 Oct, 2016 12:00am
China's September soyabean imports beat forecasts

China's September soyabean imports beat forecasts

China, the world's top soyabean buyer, imported 7.19 million tonnes of the oilseed in September, almost level with the same month last year, and well above market forecasts as buyers rushed to fill a looming supply gap. Imports, only slightly lower than l
Published 16 Oct, 2016 12:00am
Wave of fresh supply spells new LPG era in Asia

Wave of fresh supply spells new LPG era in Asia

Liquefied petroleum gas (LPG), long a niche product used in petrochemicals, as well as for cooking and outdoor heating, is entering a new era as a wave of supply from the US shale boom cuts prices, spreading its use in emerging markets, a major shipper sa
Published 16 Oct, 2016 12:00am
Prices firmer in Europe's vegoil market

Prices firmer in Europe's vegoil market

Prices were generally firm in Europe's vegetable oil market on Wednesday, in cautious dealing before new crop estimates were published by the US Department of Agriculture (USDA) at the end of the European session. Main European trade was reported in palm
Published 16 Oct, 2016 12:00am
European wheat futures extend gains

European wheat futures extend gains

European wheat futures extended gains on Thursday as US prices rallied on signs of overseas demand, although the rise in Europe was curbed by a steadier euro and a backdrop of slow French wheat exports. December milling wheat on Paris-based Euronext settl
Published 16 Oct, 2016 12:00am
Russia drops fruit, vegetable ban on Egypt

Russia drops fruit, vegetable ban on Egypt

Russia announced Monday it is dropping a brief import ban on fruits and vegetables from Egypt, after Cairo backed downed on tough restrictions on wheat that had sparked a row. Russia's agriculture watchdog said in a statement that following a meeting in M
Published 16 Oct, 2016 12:00am
High-protein wheat premiums to widen on crop damage

High-protein wheat premiums to widen on crop damage

Global premiums for high-protein wheat are expected to rise as unseasonal rains drive down quality in key producers, while Chicago futures are likely trade in a tight range in the next few months, a leading Singapore-based trader said on Wednesday.
Published 16 Oct, 2016 12:00am
One dead as Philippines faces 'most damaging typhoon'

One dead as Philippines faces 'most damaging typhoon'

At least one person was killed and three were missing as the Philippines faces what could be "the most damaging" storm this year in the approaching Typhoon Sarika, officials said Saturday. A man was found dead on the seashore while three fishermen were re
Published 16 Oct, 2016 12:00am
Previous Day
⇧