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Apr 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-11-20
Thai baht level is appropriate: deputy Prime Minister
Currency

Thai baht level is appropriate: deputy Prime Minister

The current level of Thailand's baht currency is appropriate for the economy, a deputy prime minister said on Wednesday, as it hovered near a one-month low amid volatility in global financial markets. The central bank will ensure stability in the baht, So
Published 20 Nov, 2016 12:00am
India's maritime border violation: Pakistan to raise issue at UN: FO

India's maritime border violation: Pakistan to raise issue at UN: FO

Foreign Office Spokesman Nafees Zakaria on Saturday said Pakistan would lodge a strong protest with India and raise the issue of violation of Pakistani waters at the United Nations. The spokesperson said, "India has tried to breach our territorial waters
Published 20 Nov, 2016 12:00am
Police for quashing illegal arms case against Abidi

Police for quashing illegal arms case against Abidi

Karachi Police while declaring the arms recovered from the house of former Senator Faisal Raza Abidi as legal has requested to quash the case against the former Senator by marking the FIR as 'C' class. A local court on Saturday heard the case of possessio
Published 20 Nov, 2016 12:00am
UK desires further mutual ties

UK desires further mutual ties

British High Commissioner to Pakistan, Thomas Drew has expressed the desire to further strengthen bilateral relations between UK and Pakistan. In a statement on Saturday, he expressed his wish to strengthen the bilateral ties between the UK and Pakistan a
Published 20 Nov, 2016 12:00am
Imran and I have full confidence in SC: Khattak

Imran and I have full confidence in SC: Khattak

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said he and PTI Chief Imran Khan have full confidence in Supreme Court and will accept whatever verdict is announced by it. Addressing a public meeting and talking to media at Badrashi, district Nowsher
Published 20 Nov, 2016 12:00am
Rising crime rate in Capital may cause of concern

Rising crime rate in Capital may cause of concern

Despite tall claims regarding preventive measures by Islamabad Police, increasing crime rate is fast becoming a major concern for citizens of the federal capital leading to a sense of insecurity among them, as seven cases of robbery, five cases of auto th
Published 20 Nov, 2016 12:00am
Shahbaz for improving traffic system

Shahbaz for improving traffic system

Punjab Chief Minister Shahbaz Sharif presided over the first meeting of steering committee set up for the improvement of traffic system which considered various proposals for improving traffic system in Lahore and other big cities. Punjab Chief Minister s
Published 20 Nov, 2016 12:00am
Chinese company to help in cleaning Karachi

Chinese company to help in cleaning Karachi

The Chinese company will now help clean our streets. An electrical sweeping machine, dumpsters and heavy machinery have reached a Chinese Port from where it will be transported to Karachi. The trucks have names of the areas of the city printed on them alo
Published 20 Nov, 2016 12:00am
Heavy fighting in Yemen despite new ceasefire

Heavy fighting in Yemen despite new ceasefire

Yemen rebels and loyalist forces battled Saturday around third city Taez even as a 48-hour ceasefire announced by a Saudi-led coalition fighting the insurgents began following US pressure. A few hours after the ceasefire took effect at midday (0900 GMT),
Published 20 Nov, 2016 12:00am
Thousands of Indonesians rally against racial, religious intolerance

Thousands of Indonesians rally against racial, religious intolerance

Thousands of Indonesians held a peaceful rally on Saturday to promote unity, saying they were worried by signs of growing racial and religious intolerance in the world's largest Muslim-majority country. Dressed in red and white shirts, the colours of the
Published 20 Nov, 2016 12:00am
Thousands rally against Turkey child sex conviction bill

Thousands rally against Turkey child sex conviction bill

Thousands of people, including women and children, protested on Saturday in Istanbul against a controversial bill that would overturn men's convictions for child sex assault if they married their victims. At least 3,000 people took part in the demonstrati
Published 20 Nov, 2016 12:00am
Zika no longer a world public health emergency: WHO

Zika no longer a world public health emergency: WHO

The World Health Organization on Friday announced that the Zika virus outbreak, linked to deformations in babies' heads and brains, no longer poses a world public health emergency, though it warned the epidemic remains a challenge. Brazil, the epicentre o
Published 20 Nov, 2016 12:00am
US weather satellite that is 'a quantum leap' poised for launch

US weather satellite that is 'a quantum leap' poised for launch

A US weather satellite that will "revolutionize" forecasting was scheduled for launch from Florida's Cape Canaveral on Saturday, promising to deliver continuous high-definition views of hurricanes and other storms over the Western Hemisphere. The detailed
Published 20 Nov, 2016 12:00am
Ten dead in Uganda ferry accident

Ten dead in Uganda ferry accident

Ten people died when an overcrowded ferry on the Ugandan side of Lake Albert capsized in strong winds, local police said. The vessel, with 21 people onboard, was taking passengers from Buliisa to Kagoya, farther south, when the accident happened overnight
Published 20 Nov, 2016 12:00am
Pioneering US heart surgeon dies

Pioneering US heart surgeon dies

Dr Denton Cooley, who sparked controversy and a feud with another pioneering heart surgeon when he performed the world's first artificial heart implant in 1969, died on Friday at the age of 96, the Texas Heart Institute said. Cooley, who also performed th
Published 20 Nov, 2016 12:00am
Nephews of Venezuela first lady guilty of US drug charges

Nephews of Venezuela first lady guilty of US drug charges

A jury on Friday convicted two nephews of Venezuela's first lady of plotting to smuggle 1,760 pounds (800 kilograms) of cocaine into the United States, with Caracas saying the pair were essentially framed. Efrain Antonio Campo Flores, 30, and Francisco Fl
Published 20 Nov, 2016 12:00am
Mahathir joins calls to oust 'thief' PM

Mahathir joins calls to oust 'thief' PM

Former Malaysian leader Mahathir Mohamad called for a sustained push to topple scandal-plagued Prime Minister Najib Razak as thousands rallied on Saturday to demand the premier's resignation over the 1MDB corruption saga. Malaysians clad in the yellow of
Published 20 Nov, 2016 12:00am
Sisi praises Trump, expects more US engagement in region

Sisi praises Trump, expects more US engagement in region

Egyptian President Abdel Fattah al-Sisi praised US President-elect Donald Trump and said he expected greater engagement in the Middle East from his administration, in an interview with Portuguese media. The former Egyptian army chief had strained relation
Published 20 Nov, 2016 12:00am
Saudi policeman shot dead

Saudi policeman shot dead

A Saudi policeman was shot dead Saturday in the kingdom's Shia-populated east, the interior ministry said. The officer was hit by gunfire from "an unknown source" as he got out of his car in a neighbourhood northwest of the city of Dammam, said a ministry
Published 20 Nov, 2016 12:00am
Egypt sentences journalist union head to two years' jail

Egypt sentences journalist union head to two years' jail

An Egyptian court on Saturday sentenced the head of the journalists' union and two members to two years in prison for "harbouring fugitives", allowing them to pay bail pending an appeal. Journalists Syndicate president Yahiya Kallash, Gamal Abd el-Rahim a
Published 20 Nov, 2016 12:00am
Kiwis in charge as Pakistan struggle in Christchurch

Kiwis in charge as Pakistan struggle in Christchurch

Neil Wagner and Trent Boult left Pakistan's second innings in tatters Saturday to put New Zealand in sight of a comprehensive first Test victory at the end of the third day in Christchurch. The tourists lost six wickets in the final session at Hagley Oval
Published 20 Nov, 2016 12:00am
Messi-less Barca fire blank against nine-man Malaga

Messi-less Barca fire blank against nine-man Malaga

Barcelona paid a heavy price for the absence of Lionel Messi and Luis Suarez as nine-man Malaga held out for a 0-0 draw at the Camp Nou on Saturday. Carlos Kameni produced an incredible 94th minute save from Neymar after Diego Llorente had been sent-off m
Published 20 Nov, 2016 12:00am
Arsenal frustrate Mourinho, Toure back with a bang

Arsenal frustrate Mourinho, Toure back with a bang

Jose Mourinho was left frustrated as Arsenal rescued a late 1-1 draw at Manchester United, while Yaya Toure was back in Pep Guardiola's good books with a brace in Manchester City's 2-1 win at Crystal Palace on Saturday. Olivier Giroud converted Arsenal's
Published 20 Nov, 2016 12:00am
Defoe hits milestone in Sunderland win

Defoe hits milestone in Sunderland win

Jermain Defoe scored his 150th Premier League goal on Saturday as Sunderland climbed off the foot of the table with a 3-0 win over fellow strugglers Hull City, in a match held up by floodlight failure. The former England striker fired Sunderland ahead on
Published 20 Nov, 2016 12:00am
Misfiring Liverpool held in Southampton stalemate

Misfiring Liverpool held in Southampton stalemate

Premier League leaders Liverpool missed a chance to burnish their title credentials as they were held to a 0-0 draw at Southampton on Saturday. Jurgen Klopp's men had the majority of possession, but Southampton goalkeeper Fraser Forster denied his former
Published 20 Nov, 2016 12:00am
FIFA threatens legal action against Kuwait

FIFA threatens legal action against Kuwait

World football body FIFA has joined the International Olympic Committee in threatening legal action against Kuwait over the government takeover of sporting bodies, according to a letter obtained by AFP. The letter from FIFA secretary general Fatma Samoura
Published 20 Nov, 2016 12:00am
PCB pays tributes to Azhar Hussain Jafri

PCB pays tributes to Azhar Hussain Jafri

Pakistan Cricket Board (PCB) Chairman Shaharyar M. Khan, Chairman Executive Committee Najam Sethi and Chief Operating Officer Subhan Ahmad have offered their heartfelt condolences on the sad demise of Azhar Hussain Jafri, senior photojournalist, also awar
Published 20 Nov, 2016 12:00am
Treet Polo Cup final today

Treet Polo Cup final today

Wi-Tribe Shahsawars will vie against Guard Group in the main final of the Treet Polo Cup 2016 while Rijas will take on Sukhchan in the subsidiary final on Sunday (today) here at the Lahore Polo Club (LPC) ground. The chief guest of the prestigious final w
Published 20 Nov, 2016 12:00am
Zimbabwe salvage tie in thriller with West Indies

Zimbabwe salvage tie in thriller with West Indies

Shai Hope hit his maiden one-day international century but the West Indies could only stutter to a dramatic tie in a triangular series clash with Zimbabwe in Bulawayo on Saturday. With Hope scoring 101 in just his second ODI the West Indies were well on t
Published 20 Nov, 2016 12:00am
India in driver's seat

India in driver's seat

Ravichandran Ashwin claimed five wickets while skipper Virat Kohli struck a dominant half-century to help India tighten its grip over England on the third day of the second Test in Visakhapatnam on Saturday. India, who dismissed England for 255 in the fir
Published 20 Nov, 2016 12:00am
China to lift grain output 10 percent by 2020, tackle rural pollution

China to lift grain output 10 percent by 2020, tackle rural pollution

China is aiming to increase its grain production capacity by 10 percent by 2020, even as it seeks to halt excessive use of fertiliser and pesticides and promote a more environmentally friendly farm sector. Ensuring self-sufficiency in major food crops is
Published 20 Nov, 2016 12:00am
Anglo boosts platinum margins after relaunching customer ties

Anglo boosts platinum margins after relaunching customer ties

Anglo American has boosted its platinum margins by as much as 5 percent after relaunching its customer relationships and ending an exclusive marketing contract with Johnson Matthey, CEO Mark Cutifani said on Monday. Big miners are looking for ways to add
Published 20 Nov, 2016 12:00am
London Metal Exchange studies potential lithium contract

London Metal Exchange studies potential lithium contract

The London Metal Exchange is looking at lithium, ferrochrome and some minor metals as potential contracts, but the process of assessment is still in its early stages, Chief Executive Garry Jones told Reuters. "Lithium is one we are looking at, at the requ
Published 20 Nov, 2016 12:00am
Codelco's Chuquicamata copper mines in Chile aim to tamp down costs

Codelco's Chuquicamata copper mines in Chile aim to tamp down costs

Chilean state-owned copper miner Codelco is aiming to tamp down capital expenditures and costs at its century-old Chuquicamata mine as it transforms the globe's largest open-pit copper deposit into an underground mine. World No 1 copper producer Codelco i
Published 20 Nov, 2016 12:00am
Cotton slips on profit-taking, marks best week since mid-October
Cotton

Cotton slips on profit-taking, marks best week since mid-October

Cotton futures edged lower on Friday on profit-taking, snapping a four-day rally one day after the market had touched its highest point in more than three months amid a stronger dollar. The March cotton contract on ICE Futures US, however, registered its
Published 20 Nov, 2016 12:00am
ICE December white sugar delivery largest in nine years

ICE December white sugar delivery largest in nine years

The expiry of the ICE December white sugar contract saw the largest delivery in more than nine years with 535,850 tonnes tendered, exchange data showed on Wednesday. The bulk of the sugar, 404,250 tonnes, was tendered with a load port of Jebel Ali in the
Published 20 Nov, 2016 12:00am
Big chill: early winter stokes North Asian appetite for oil, coal, gas

Big chill: early winter stokes North Asian appetite for oil, coal, gas

Power plants across North Asia are running at full tilt as the region braces for the early onset of winter, underpinning prices for the coal, gas and oil they need to churn out electricity. Commodity market analysts blame the La Nina weather pattern for t
Published 20 Nov, 2016 12:00am
Copper prices hit cyclical bottom this year: fund managers

Copper prices hit cyclical bottom this year: fund managers

Copper reached a cyclical turning point in 2016 with mine supply growth expected to slow from next year and rising prices likely supported by a fragile but broader-based recovery in China's economy, fund managers said on Thursday. "If we think next year w
Published 20 Nov, 2016 12:00am
After copper it's zinc's turn to feel the speculative Chinese heat

After copper it's zinc's turn to feel the speculative Chinese heat

Last week it was copper. This week it has been zinc to feel the speculative heat emanating from China. On the London Metal Exchange (LME) benchmark three-month metal has whipsawed through a $200 per tonne range, hitting a near six-year high of $2,684.50 o
Published 20 Nov, 2016 12:00am
India raises 2017 local wheat purchase price

India raises 2017 local wheat purchase price

The Indian government has decided to raise the price at which it will buy new-season wheat from domestic farmers in 2017 by 100 rupees, a senior government official told reporters on Tuesday after a meeting of the federal cabinet. The official, who declin
Published 20 Nov, 2016 12:00am
Norway expects up to 15 developments plans from oil firms

Norway expects up to 15 developments plans from oil firms

Oil firms are expected to submit up to 15 development plans for oil and gas fields off Norway over the next two years, the head of the Norwegian Petroleum Directorate told Reuters on Monday. Oil firms worldwide have been slashing investments, jobs and pro
Published 20 Nov, 2016 12:00am
'Catastrophic day' as Syria regime pounds rebel Aleppo

'Catastrophic day' as Syria regime pounds rebel Aleppo

Intense government air strikes and artillery fire killed at least 27 people on Saturday in rebel-held parts of Syria's Aleppo, where hospitals have been destroyed and schools forced to close. An AFP correspondent described relentless bombardment with air
Published 20 Nov, 2016 12:00am
Thousands protest in Poland against education reforms

Thousands protest in Poland against education reforms

Tens of thousands of teachers from all over Poland protested in Warsaw on Saturday against education reforms proposed by the right-wing government that critics say could see thousands of jobs slashed. The demonstrators are also concerned over proposed cha
Published 20 Nov, 2016 12:00am
Jailed Kosovo activist committed suicide

Jailed Kosovo activist committed suicide

An autopsy on the body of a Kosovo opposition activist who died in prison found that he committed suicide, authorities in the Balkan nation said, after his death drew protesters onto the streets. Medical student Astrit Dehari, 26, died in jail earlier thi
Published 20 Nov, 2016 12:00am
UK lawmakers approve 'most sweeping' surveillance powers

UK lawmakers approve 'most sweeping' surveillance powers

The British parliament this week gave the green light to new bulk surveillance powers for police and intelligence services that critics have denounced as the most far-reaching of any western democracy. The Investigatory Powers Bill would, among other meas
Published 20 Nov, 2016 12:00am
France 'illegally' deporting minors to Italy

France 'illegally' deporting minors to Italy

France has illegally expelled a number of minors and dozens of adults to Italy, rights groups and a lawyers' union said on Saturday. The expulsions occurred after a group of youngsters requested protection and access to child services in Breil-sur-Roya, a
Published 20 Nov, 2016 12:00am
Seven migrant workers dead in Russian blaze

Seven migrant workers dead in Russian blaze

Seven construction workers from Tajikistan died in western Siberia Saturday when the shipping container they used as a home at a building site caught fire, officials said. "Seven people died, while three were poisoned by the fumes and hospitalised," the e
Published 20 Nov, 2016 12:00am
Two Swedish journalists detained in Turkey

Two Swedish journalists detained in Turkey

Police on Saturday detained two Swedish TV journalists in the sensitive Kurdish-majority province of Diyarbakir in southeastern Turkey after they filmed near a military zone, a local news agency reported. Swedish public broadcaster SVT however reported th
Published 20 Nov, 2016 12:00am
Fresh protest urges defiant South Korea president to resign

Fresh protest urges defiant South Korea president to resign

Tens of thousands of protestors rallied in Seoul on Saturday, for the fourth in a weekly series of mass protests urging President Park Geun-Hye to resign over a corruption scandal. The demonstrations - among the largest seen in South Korea since the pro-d
Published 20 Nov, 2016 12:00am
Russia complains after official plane escorted by Swiss fighter jets

Russia complains after official plane escorted by Swiss fighter jets

Russia has demanded an explanation from Switzerland after two Swiss fighter jets carried out what the Swiss military said Saturday was a "routine check" of a Russian official plane in its airspace. The plane was passing over Switzerland carrying members o
Published 20 Nov, 2016 12:00am
Sharon Jones, Grammy-nominated soul singer, dies

Sharon Jones, Grammy-nominated soul singer, dies

Sharon Jones, a fiery Grammy-nominated soul and funk singer sometimes called the "female James Brown," has died after losing a battle to pancreatic cancer. She was 60. "She was surrounded by her loved ones, including The Dap-Kings," her long-time backing
Published 20 Nov, 2016 12:00am
15 missing in Indonesia boat accident

15 missing in Indonesia boat accident

At least 15 people are missing after a speedboat collided with a Vietnamese cargo vessel Saturday and capsized in the Java Sea, according to an official. The passenger boat was ferrying 27 people some 50 kilometre off the coast of Tuban, a small town in E
Published 20 Nov, 2016 12:00am
Trump's 'Versailles' home unveiled in TV show

Trump's 'Versailles' home unveiled in TV show

What President-elect Donald Trump calls home is a cavernous building in midtown Manhattan which is decked out with marble floors, goldleaf furniture and finishes, crystal chandeliers and Greek columns. In a rare inside look into the billionaire real estat
Published 20 Nov, 2016 12:00am
Egypt says happy with impact of currency float, inflows surging
Currency

Egypt says happy with impact of currency float, inflows surging

Egyptian authorities are happy with financial market movements since they floated the pound, and inflows of foreign exchange into the banking system are surging, deputy finance minister Ahmed Kouchouk said on Wednesday. The Egyptian pound fell to near 18
Published 20 Nov, 2016 12:00am
Malaysia intervenes to help sagging ringgit

Malaysia intervenes to help sagging ringgit

Malaysia's central bank is intervening in markets to support the beleaguered ringgit, an official said on Friday, as regional authorities grapple with a surging dollar. Bank Negara Malaysia Assistant Governor Adnan Zaylani replied "Yes" when asked by repo
Published 20 Nov, 2016 12:00am
Mexican peso extends losses on Trump woes
Currency

Mexican peso extends losses on Trump woes

The Mexican peso and other Latin American currencies weakened on Friday, as investors worried that higher US interest rates could sap demand for emerging market assets. The peso lost nearly 1 percent to the dollar to close at 20.63. On Thursday, Mexico's
Published 20 Nov, 2016 12:00am
US dollar net longs fall in latest week
Currency

US dollar net longs fall in latest week

Speculators reduced positive bets on the US dollar as profit taking reduced net longs after they had risen seven straight weeks, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the
Published 20 Nov, 2016 12:00am
Daily FX trading volumes dip

Daily FX trading volumes dip

Daily trading in currencies dipped to $4.92 trillion globally in October, down just over 1 percent from September but still up from $4.64 trillion in the same month a year ago, data from settlement system CLS showed on Tuesday. The average daily input vol
Published 20 Nov, 2016 12:00am
Dollar index posts biggest two-week gain in 20 months

Dollar index posts biggest two-week gain in 20 months

The dollar rose to its highest level since April 2003 against a basket of currencies on Friday, marking its biggest two-week increase since March 2015 as traders piled bets on a massive dose of fiscal stimulus under a Trump US presidency. Also stoking the
Published 20 Nov, 2016 12:00am
Singapore tests digital currency system to ease bank payments
Currency

Singapore tests digital currency system to ease bank payments

Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state's central bank chief said Wednesday. The Singapore stock exchange and eight banks will take part in the pilot project,
Published 20 Nov, 2016 12:00am
Swedish central bank eyeing e-currency
Currency

Swedish central bank eyeing e-currency

Sweden's Riksbank may launch its own e-currency becoming the first major central bank in the world to create its own virtual money as the use of cash declines, Deputy Governor Cecilia Skingsley said on Wednesday. The value of cash in circulation in Sweden
Published 20 Nov, 2016 12:00am
US trade tsar warns scrapping TPP carries 'serious costs'

US trade tsar warns scrapping TPP carries 'serious costs'

US Trade Representative Michael Froman warned of "serious" strategic and economic costs from scrapping a major trans-Pacific trade deal Friday, as proponents lobbied hard to overcome president-elect Donald Trump's opposition. Acknowledging that the fate o
Published 20 Nov, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 19, 2016).

Published 20 Nov, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 19, 2016).

Published 20 Nov, 2016 12:00am
THE RUPEE: bears persist
Currency

THE RUPEE: bears persist

KARACHI: An easier trend persisted on the money market on Saturday in the process of trading, dealers said. The rupee gave up 10 paisas versus the greenback for buying and selling at Rs 106.50 and Rs 106.70, they said. The rupee gained 20 paisas in relati
Published 20 Nov, 2016 12:00am
THE RUPEE: bears persist
Currency

THE RUPEE: bears persist

KARACHI: An easier trend persisted on the money market on Saturday in the process of trading, dealers said. The rupee gave up 10 paisas versus the greenback for buying and selling at Rs 106.50 and Rs 106.70, they said. The rupee gained 20 paisas in relati
Published 20 Nov, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (November 19, 2016).

Published 20 Nov, 2016 12:00am
World sugar deficit seen falling, stocks at six-year low: USDA

World sugar deficit seen falling, stocks at six-year low: USDA

The US government on Thursday sharply reduced its projection for a global sugar supply shortfall in the current 2016/17 year, but said prices are still likely to continue to be high as inventories fall to a six-year low and demand hits a record high.
Published 20 Nov, 2016 12:00am
Asian naphtha crack rises to three-session high

Asian naphtha crack rises to three-session high

Asia's naphtha crack rose to a three-session high of $80.60 a tonne on Thursday, ending three straight days of losses as strong fundamentals led by seasonal factors reversed the tide. Traders said fewer naphtha cargoes typically come to Asia during winter
Published 20 Nov, 2016 12:00am
US FOB Gulf soyabean offers fall

US FOB Gulf soyabean offers fall

Export premiums for soyabeans shipped from the US Gulf Coast were flat to lower on Thursday, sinking in tandem with easing CIF barge basis values and as competition from South American shipments intensified, traders said. China has booked several US soyab
Published 20 Nov, 2016 12:00am
Vietnamese rice exporters lower bids to attract buyers
Currency

Vietnamese rice exporters lower bids to attract buyers

Vietnamese rice exporters lowered their quotations on Wednesday to attract buyers, but failed to compete with Thailand where rice prices have been hovering at their 13-month lows due in part to a weaker currency, traders said. Thai benchmark 5-percent bro
Published 20 Nov, 2016 12:00am
US natural gas futures fall as stockpiles hit record high

US natural gas futures fall as stockpiles hit record high

US natural gas futures fell on Thursday after a report showed that storage levels climbed to a record high and on conflicting weather forecasts showing continued mild weather. The US Energy Information Administration said utilities added 30 billion cubic
Published 20 Nov, 2016 12:00am
EU wheat futures up to two-week highs

EU wheat futures up to two-week highs

European wheat futures edged upwards on Thursday to touch new two-week highs as weakness in the euro and firm cash prices in France again lent support to a market otherwise lacking clear impetus. The euro fell to its lowest to the dollar since last Decemb
Published 20 Nov, 2016 12:00am
Seed cotton prices hit season's high
Cotton

Seed cotton prices hit season's high

Prices of seed cotton (phutti) touched season's high on the cotton market on Saturday in the process of sustained buying of quality lint, dealers said. The official spot rate was higher by Rs 50 to Rs 6150, dealers said. In Sindh, seed cotton prices were
Published 20 Nov, 2016 12:00am
Indonesian palm oil output, exports likely to rise in October

Indonesian palm oil output, exports likely to rise in October

Indonesia's crude palm oil (CPO) output likely rose for a sixth month in October while exports were seen rising as buyers build up inventories. CPO production likely increased by 5.6 percent to 3.06 million tonnes, according to the median estimate in a su
Published 20 Nov, 2016 12:00am
Brazil's new sugar terminal loads first ship

Brazil's new sugar terminal loads first ship

Brazil's new sugar terminal at the port of Suape in the state of Pernambuco will load its first ship on Friday, opening a new export corridor for mills in the Northeast at a time of strong demand for the sweetener. The Suape Sugar Terminal (TAS) was built
Published 20 Nov, 2016 12:00am
CBOT wheat futures rise on short-covering

CBOT wheat futures rise on short-covering

Wheat futures on the Chicago Board of Trade rose on Thursday as expectations for a drop in US wheat plantings for 2017 and strong weekly export sales prompted short-covering, traders said. CBOT December wheat settled up 6 cents at $4.03 per bushel after r
Published 20 Nov, 2016 12:00am
China's iron ore futures rebound to finish higher

China's iron ore futures rebound to finish higher

Iron ore futures in China rebounded to finish higher on Thursday after a 17 percent drop from this week's peak pulled investors back into the commodity where open contracts have fallen to the lowest level since May. China's iron ore futures touched a 33-m
Published 20 Nov, 2016 12:00am
Syria's food output hits all-time low: UN agencies

Syria's food output hits all-time low: UN agencies

Food production has dropped to an all-time low in Syria where millions of hungry civilians are struggling through their sixth winter in a war zone, UN agencies said on Tuesday. Many farmers have had to abandon their land, unable to afford the soaring cost
Published 20 Nov, 2016 12:00am
Vietnamese coffee discounts widen; Indonesian stocks decline

Vietnamese coffee discounts widen; Indonesian stocks decline

Discounts for Vietnamese coffee widened on Thursday as harvesting picked up in sunny weather and on improved crop outlook, while premiums for Indonesian coffee narrowed on declining stocks, traders said. Sunny days this week have been supporting harvest i
Published 20 Nov, 2016 12:00am
Black Sea region completes winter wheat sowing

Black Sea region completes winter wheat sowing

Major Black Sea grain producers Ukraine and Russia have almost completed winter sowing, with Russia benefiting from good weather conditions whereas cold temperatures pose risks to Ukraine's crop, analysts and traders said. Favourable weather conditions in
Published 20 Nov, 2016 12:00am
Iran aims to ramp up wheat exports to clear hefty surplus

Iran aims to ramp up wheat exports to clear hefty surplus

Iran aims to ramp up wheat exports to clear a hefty surplus supported by a government self-sufficiency drive, but may continue to import some wheat to meet the quality requirements of local millers, an industry group said on Monday. The government has pri
Published 20 Nov, 2016 12:00am
Can Trump make coal great again? At least some companies think so

Can Trump make coal great again? At least some companies think so

Most of the US coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section of the coal sector that mines metallurgical coal - a v
Published 20 Nov, 2016 12:00am
Autonomous cars - 'new oil' or 'big brother'?

Autonomous cars - 'new oil' or 'big brother'?

Just like credit cards, smartphones or search engines, autonomous cars will carry a trove of information about their owners as they make driving more comfortable, raising new concerns about privacy. Automakers are engaged in a fierce race to develop the f
Published 20 Nov, 2016 12:00am
Morocco signs deal with Ethiopia on mega fertilizer plant

Morocco signs deal with Ethiopia on mega fertilizer plant

Morocco signed an agreement Saturday with Ethiopia to build a giant fertilizer unit aimed at making Addis Ababa self-reliant in fertiliser by 2025. The announcement was made as Morocco's King Mohammed was in the Horn of Africa nation on a visit aimed at s
Published 20 Nov, 2016 12:00am
Oil may rise to $55 if all producers cooperate: Iran

Oil may rise to $55 if all producers cooperate: Iran

Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming Opec meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-Opec producers cooperate. "We are receiving positive signals that increas
Published 20 Nov, 2016 12:00am
Russian parliament approves draft austerity budget

Russian parliament approves draft austerity budget

Russia's parliament on Friday approved a first reading of a budget that would cut spending in key sectors, a move that has sparked fears it could cripple the nascent recovery. The 2017-2019 budget was approved by a 334-to-100 vote in the State Duma. It mu
Published 20 Nov, 2016 12:00am
Unpaid teachers clash with police in Iraq city

Unpaid teachers clash with police in Iraq city

Teachers and activists clashed with security forces in a city in Iraq's autonomous Kurdish region Saturday during a protest over unpaid salaries. The more than 5,000 people had gathered in front of the education ministry building in Sulaimaniyah and march
Published 20 Nov, 2016 12:00am
Soros dissolves SPDR Gold trust shares in Q3, Paulson stays in

Soros dissolves SPDR Gold trust shares in Q3, Paulson stays in

Soros Fund Management LLC dissolved its shares in the world's biggest gold exchange-traded fund in the third quarter of 2016, ahead of the US presidential election, a US Securities and Exchange Commission filing showed on Monday. By the end of September,
Published 20 Nov, 2016 12:00am
Soros dissolves SPDR Gold trust shares in Q3, Paulson stays in

Soros dissolves SPDR Gold trust shares in Q3, Paulson stays in

Soros Fund Management LLC dissolved its shares in the world's biggest gold exchange-traded fund in the third quarter of 2016, ahead of the US presidential election, a US Securities and Exchange Commission filing showed on Monday. By the end of September,
Published 20 Nov, 2016 12:00am
TSX ends strong week up, led by energy and bank stocks

TSX ends strong week up, led by energy and bank stocks

Canada's main stock index rose on Friday, closing out a strong week with boosts from energy and banking stocks as oil prices moved higher and investors reacted to rising bond yields. The Toronto Stock Exchange's S&P/TSX composite index settled up 37.94 po
Published 20 Nov, 2016 12:00am
Snapchat files for one of the biggest tech IPOs in years

Snapchat files for one of the biggest tech IPOs in years

Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest US stock market debut since 2014. The Venice, California-based company could go public as soo
Published 20 Nov, 2016 12:00am
Treasury yields hit new highs, set for biggest two-week gain since 2001

Treasury yields hit new highs, set for biggest two-week gain since 2001

US Treasury yields rose to their highest levels of the year on Friday, spurred by technical positioning and expectations of higher inflation and interest rates after the election of Republican Donald Trump as US president. The yield on US benchmark 10-yea
Published 20 Nov, 2016 12:00am
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