AGL 38.00 Decreased By ▼ -0.83 (-2.14%)
AIRLINK 143.50 Increased By ▲ 0.10 (0.07%)
BOP 5.62 Increased By ▲ 0.38 (7.25%)
CNERGY 3.80 Increased By ▲ 0.08 (2.15%)
DCL 7.60 Increased By ▲ 0.02 (0.26%)
DFML 45.99 Decreased By ▼ -0.41 (-0.88%)
DGKC 81.34 Increased By ▲ 0.46 (0.57%)
FCCL 27.55 Increased By ▲ 0.13 (0.47%)
FFBL 55.26 Increased By ▲ 0.26 (0.47%)
FFL 8.70 Increased By ▲ 0.14 (1.64%)
HUBC 115.51 Increased By ▲ 4.49 (4.04%)
HUMNL 11.45 Increased By ▲ 0.03 (0.26%)
KEL 3.96 Increased By ▲ 0.19 (5.04%)
KOSM 8.60 Increased By ▲ 0.27 (3.24%)
MLCF 35.20 No Change ▼ 0.00 (0%)
NBP 64.85 Increased By ▲ 3.50 (5.7%)
OGDC 170.70 Decreased By ▼ -1.20 (-0.7%)
PAEL 25.51 Decreased By ▼ -0.27 (-1.05%)
PIBTL 5.98 Increased By ▲ 0.01 (0.17%)
PPL 129.85 Increased By ▲ 2.30 (1.8%)
PRL 24.15 Decreased By ▼ -1.43 (-5.59%)
PTC 12.66 Increased By ▲ 0.51 (4.2%)
SEARL 57.02 Increased By ▲ 0.02 (0.04%)
TELE 7.23 Increased By ▲ 0.13 (1.83%)
TOMCL 34.91 Increased By ▲ 0.11 (0.32%)
TPLP 7.50 Increased By ▲ 0.55 (7.91%)
TREET 14.34 Increased By ▲ 0.49 (3.54%)
TRG 46.60 Decreased By ▼ -0.45 (-0.96%)
UNITY 26.10 Increased By ▲ 0.05 (0.19%)
WTL 1.20 Decreased By ▼ -0.01 (-0.83%)
BR100 9,168 Increased By 74 (0.81%)
BR30 27,644 Increased By 325.8 (1.19%)
KSE100 86,238 Increased By 574.4 (0.67%)
KSE30 27,449 Increased By 7.4 (0.03%)
Oct 09, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-01-22
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Most cash basis bids for hard red winter wheat (HRW) in the southern US Plains held steady on Thursday except in Goodland, Kansas where they rose, spurred by increased demand, merchants said. Bids for grain shipped by barge to the US Gulf Coast were up by
Published 22 Jan, 2017 12:00am
Argentine soya crop forecast cut to 52.9 million tonnes

Argentine soya crop forecast cut to 52.9 million tonnes

Argentina will harvest 52.9 million tonnes of soya this season, the Rosario grains exchange said on Thursday, cutting its previous 54.4 million tonne forecast due to bad weather while another leading exchange chopped its planting area estimate. The Rosari
Published 22 Jan, 2017 12:00am
Vietnamese coffee prices hit over five-year high

Vietnamese coffee prices hit over five-year high

Solid hikes in global futures coffee contracts have pulled up prices in Vietnam, the world's biggest robusta producer, to their highest since September 2011, traders said on Thursday. Traders said robusta coffee prices in Vietnam rose to between 47.2 mill
Published 22 Jan, 2017 12:00am
Brazil sees new coffee crop falling to 43-47m bags

Brazil sees new coffee crop falling to 43-47m bags

Brazil's 2017 coffee crop should amount to between 43.65 million and 47.51 million 60-kg bags, compared with 51.37 million last year, as the off-year in the biennial cycle cuts expected output, government agency Conab said on Tuesday.
Published 22 Jan, 2017 12:00am
Palm oil down on European vegoils market

Palm oil down on European vegoils market

Palm oil on the European vegetable oils market eased on Thursday following a slightly weaker ringgit and tracking Malaysian palm oil futures, which slipped on lower soyoil prices. Asking prices for palm oil were between $2.50 and $15 a tonne down from Thu
Published 22 Jan, 2017 12:00am
Canadian canola plantings seen rising on high prices

Canadian canola plantings seen rising on high prices

Canadian canola plantings may rise slightly in spring as farmers seek to cash in before an expected drop in vegetable oil prices as palm crops recover from drought that hit major Southeast Asian producers, German oilseed analysis firm Oil World said on Tu
Published 22 Jan, 2017 12:00am
Chinese steel, iron ore extend losses amid slow demand

Chinese steel, iron ore extend losses amid slow demand

Chinese steel and iron ore futures fell for a second session on Thursday as demand for the commodities turned tepid ahead of the Lunar New Year holiday late next week. Iron ore dropped from a three-year high reached on Wednesday and traders say that could
Published 22 Jan, 2017 12:00am
EU wheat futures down; cold weather causes concern

EU wheat futures down; cold weather causes concern

European wheat futures inched lower on Thursday, pressured by weakness in Chicago prices but with losses limited by uncertainty over the impact of cold weather in Europe this month. March milling wheat, the benchmark contract on the Paris-based Euronext e
Published 22 Jan, 2017 12:00am
Asia's naphtha cracks rise on strong demand

Asia's naphtha cracks rise on strong demand

Asia's naphtha cracks edged up 15 cents to a five-session high of $101.85 a tonne on Thursday, supported by persistent strong demand. South Korea's Hanwha Total, GS Caltex, Lotte Chemical and SK Energy were seeking naphtha for first-half March delivery, t
Published 22 Jan, 2017 12:00am
Soyameal firmer on European feeds market

Soyameal firmer on European feeds market

Soyameal on the European meals and feeds market firmed again on ongoing concerns over rain in Argentine soyabean growing areas, which could cut yields. "We still have a weather market going on, but just as sudden as it started it can end and then we could
Published 22 Jan, 2017 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Wheat futures on the Chicago Board of Trade fell on Thursday for a second straight session on technical selling and profit-taking after the March contract this week set a 2-1/2-month high, traders said. A stronger dollar, which makes US grains less compet
Published 22 Jan, 2017 12:00am
US FOB Gulf corn export premiums firm

US FOB Gulf corn export premiums firm

Export premiums for corn shipped from the US Gulf Coast firmed on Thursday in tandem with rising CIF barge basis values as weather-delayed river shipments raised grain costs for exporters, traders said.
Published 22 Jan, 2017 12:00am
European gasoline margins fall as US stocks jump

European gasoline margins fall as US stocks jump

Northwest European gasoline refining margins fell sharply on Thursday as Atlantic Basin inventories grew, cutting into arbitrage economics out of Europe. US gasoline stocks rose by 6 million barrels last week, compared with analysts' expectations in a Reu
Published 22 Jan, 2017 12:00am
US natural gas futures rise on big weekly storage draw

US natural gas futures rise on big weekly storage draw

US natural gas futures on Thursday rose on a slightly bigger-than-expected weekly storage draw and forecasts for colder weather at the end of January. The US Energy Information Administration said utilities pulled 243 billion cubic feet of gas from storag
Published 22 Jan, 2017 12:00am
Indian rice prices rise on demand from Africa
Currency

Indian rice prices rise on demand from Africa

Rice prices in India advanced this week as demand from African buyers improved and government agencies and exporters bought aggressively, while export markets in Thailand and Vietnam were quiet in the absence of buyers ahead of Lunar New year holidays, tr
Published 22 Jan, 2017 12:00am
Trade activity remains low on cotton market
Cotton

Trade activity remains low on cotton market

The volume of business could not pick up as both buyers and sellers failed to come on meeting ground, dealers said. The official spot rate was unchanged at Rs 6450, dealers said. In Sindh, seed cotton prices were higher at Rs 3100-3350, they said. In Punj
Published 22 Jan, 2017 12:00am
Venezuela's Maduro has asked central bank head to step down

Venezuela's Maduro has asked central bank head to step down

Venezuelan President Nicolas Maduro on Friday asked central bank head Nelson Merentes to step down, two sources close to the matter told Reuters. "The request for him to step down was made this afternoon," said one of the sources linked to the government.
Published 22 Jan, 2017 12:00am
Mexico seeks stronger US ties despite Trump campaign barbs
Currency

Mexico seeks stronger US ties despite Trump campaign barbs

Mexico's president said on Friday he wanted to strengthen relations with his new US counterpart Donald Trump, whose threats and barbs against the country raised fears of a major economic crisis, and battered its currency. President Enrique Pena Nieto, pil
Published 22 Jan, 2017 12:00am
Merck, Bristol-Myers agree to settle Keytruda patent suit

Merck, Bristol-Myers agree to settle Keytruda patent suit

Merck & Co said it agreed to enter into a settlement and license agreement with Bristol-Myers Squibb Co and Ono Pharmaceutical Co Ltd to resolve all global patent-infringement litigation related to its cancer drug, Keytruda. Merck will make an initial pay
Published 22 Jan, 2017 12:00am
Morgan Stanley, Citi plan Brexit job moves

Morgan Stanley, Citi plan Brexit job moves

US banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters. Morgan Stanley, which bases the bulk of its Europea
Published 22 Jan, 2017 12:00am
Abu Dhabi creates $125 billion fund in merger

Abu Dhabi creates $125 billion fund in merger

Abu Dhabi's government on Saturday merged two of its top investment funds, Mubadala Development Co and International Petroleum Investment Co, to strengthen their financial clout in an era of low oil prices. The new fund, Mubadala Investment Co, will be ru
Published 22 Jan, 2017 12:00am
Samsung probe finds faulty batteries triggered fire

Samsung probe finds faulty batteries triggered fire

A Samsung probe into the exploding batteries that forced the electronics giant to scrap its Galaxy Note 7 smartphones has found irregularly sized batteries caused overheating, the Wall Street Journal reported Friday. The South Korean conglomerate was forc
Published 22 Jan, 2017 12:00am
Canada annual inflation rises less than expected

Canada annual inflation rises less than expected

Canada's annual inflation rate rose less than expected in December as cheaper food offset higher gasoline prices, leaving inflation below the Bank of Canada's target and reinforcing expectations the central bank will be on hold for some time.
Published 22 Jan, 2017 12:00am
Weak pound lures American tourists to Britain, but Europeans unmoved

Weak pound lures American tourists to Britain, but Europeans unmoved

North American tourists flocked into Britain to take advantage of the weak pound after last year's Brexit vote, but spending by European tourists - far greater in number - slipped compared with a year earlier. Taken as a whole, Thursday's official data su
Published 22 Jan, 2017 12:00am
Gazprom returns to profit in Q3

Gazprom returns to profit in Q3

Russia's energy giant Gazprom returned to profit in the third quarter of 2016 thanks to record demand for Russian gas while prices for hydrocarbons were falling, it said Thursday. Analysts had, however, expected the company to do better than the 102.16 bi
Published 22 Jan, 2017 12:00am
Gazprom returns to profit in Q3

Gazprom returns to profit in Q3

Russia's energy giant Gazprom returned to profit in the third quarter of 2016 thanks to record demand for Russian gas while prices for hydrocarbons were falling, it said Thursday. Analysts had, however, expected the company to do better than the 102.16 bi
Published 22 Jan, 2017 12:00am
Japan Air Commuter takes first ATR in quest for foreign tourists

Japan Air Commuter takes first ATR in quest for foreign tourists

Japan Air Commuter (JAC) took delivery of its first European ATR turboprop airplane on Friday, gambling on attracting foreign tourists to a little-visited archipelago as Japan bids to place Amami and Ryukyu islands on UNESCO's World Heritage list. The fir
Published 22 Jan, 2017 12:00am
Trump's trade strategy starts with quitting Asia pact, says White House

Trump's trade strategy starts with quitting Asia pact, says White House

The new US administration of President Donald Trump said on Friday its trade strategy to protect American jobs would start with withdrawal from the 12-nation Trans-Pacific Partnership (TPP) trade pact. A White House statement issued soon after Trump's ina
Published 22 Jan, 2017 12:00am
Door closing on ultra-long eurozone government borrowing

Door closing on ultra-long eurozone government borrowing

A once-in-a-lifetime opportunity for euro zone governments to borrow for half a century or more at rock-bottom interest rates might be coming to an end. A chorus of state debt office chiefs, bank dealers and investors are warning that sharp rises in long-
Published 22 Jan, 2017 12:00am
Door closing on ultra-long eurozone government borrowing

Door closing on ultra-long eurozone government borrowing

A once-in-a-lifetime opportunity for euro zone governments to borrow for half a century or more at rock-bottom interest rates might be coming to an end. A chorus of state debt office chiefs, bank dealers and investors are warning that sharp rises in long-
Published 22 Jan, 2017 12:00am
Stock rally in recent months driven by global economy, not Trump

Stock rally in recent months driven by global economy, not Trump

A rally in global stock markets in the past few months is being driven more by improving economic fundamentals than by expectations of more US fiscal stimulus under President-elect Donald Trump, a chief investment officer of Dutch asset management firm Ro
Published 22 Jan, 2017 12:00am
TSX posts two-week high as commodity prices rise

TSX posts two-week high as commodity prices rise

Canada's benchmark stock index rose to a two-week high on Friday, led by financial and resource stocks as commodity prices rose, with investors brushing off a more uncertain outlook for NAFTA after the inauguration of Donald Trump as US president.
Published 22 Jan, 2017 12:00am
Listing in London, Bank of Cyprus CEO expects modest profitability

Listing in London, Bank of Cyprus CEO expects modest profitability

The Bank of Cyprus expects modest profitability in the coming quarters and will not pay a dividend this year, its chief executive said on Thursday, speaking as its shares were listed on the London Stock Exchange. Cyprus's biggest commercial lender, pushed
Published 22 Jan, 2017 12:00am
Nasdaq backs trading illiquid stocks only on listing exchange

Nasdaq backs trading illiquid stocks only on listing exchange

Nasdaq Inc will ask US regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges on which they are listed, the market operator said in a note to clients.
Published 22 Jan, 2017 12:00am
Kernel to bring Ukrainian supply in from the cold
Currency

Kernel to bring Ukrainian supply in from the cold

One of the world's largest exporters of sunflower oil is poised to become the first Ukrainian corporate to issue a bond since 2013. Kernel Holdings, an agribusiness headquartered in Ukraine and with a listing on the Warsaw Stock Exchange, has hired ING an
Published 22 Jan, 2017 12:00am
Soros says uncertainty over Trump will cause markets to falter

Soros says uncertainty over Trump will cause markets to falter

The billionaire investor George Soros on Thursday said that global markets will falter given the uncertainty of incoming US President Donald Trump's policies. "Right now uncertainty is at the peak, and actually uncertainty is the enemy of long-term invest
Published 22 Jan, 2017 12:00am
Wall Street ends higher as Trump becomes president

Wall Street ends higher as Trump becomes president

US stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as US President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity market on his first day in
Published 22 Jan, 2017 12:00am
Canadian dollar steadies
Currency

Canadian dollar steadies

The Canadian dollar pared earlier losses following weaker-than-expected inflation and retail sales data, to finish little changed against its US counterpart on Friday. Canada's annual inflation rate rose to 1.5 percent in December from November's 1.2 perc
Published 22 Jan, 2017 12:00am
UK City minister says confident London can keep euro-clearing

UK City minister says confident London can keep euro-clearing

Keeping the euro-denominated clearing business in London even after Britain leaves the European Union is in Europe's interest, financial services minister Simon Kirby told Reuters on Monday. The European Union is considering legislative measures to move L
Published 22 Jan, 2017 12:00am
Dollar falls as investors unpack inauguration speech
Currency

Dollar falls as investors unpack inauguration speech

The dollar edged down on Friday as investors were underwhelmed by the limited scope of executive actions and the lack of concrete policy reforms in the inauguration speech of newly sworn-in US President Donald Trump. Investors had been looking to Trump's
Published 22 Jan, 2017 12:00am
FX trading volumes fell in December
Currency

FX trading volumes fell in December

The value of global currency market trading fell over 8 percent in December compared with the previous month, data from settlement system CLS showed on Tuesday, after surging on Donald Trump's surprise victory in the US presidential election.
Published 22 Jan, 2017 12:00am
Speculators pare back long US dollar bets
Currency

Speculators pare back long US dollar bets

Speculators reduced long bets on the US dollar for a second straight week, as investors continued to pare back overextended positions on the greenback and worried about US President Donald Trump's trade and currency policies. The value of the dollar's net
Published 22 Jan, 2017 12:00am
China to increase transparency of FX market data

China to increase transparency of FX market data

China will increase the transparency of its foreign exchange market data, the State Administration of Foreign Exchange (SAFE) said on Friday. The exchange said it would take steps including improving its statistical reporting of foreign exchange derivativ
Published 22 Jan, 2017 12:00am
Egypt fixes customs dollar exchange rate to help importers
Currency

Egypt fixes customs dollar exchange rate to help importers

Egypt will fix its customs dollar exchange rate and adjust it on a monthly basis to help importers better cope with pricing of their products after the central bank floated its currency in November. The Finance Ministry fixed the customs exchange rate at
Published 22 Jan, 2017 12:00am
Egypt fixes customs dollar exchange rate to help importers
Currency

Egypt fixes customs dollar exchange rate to help importers

Egypt will fix its customs dollar exchange rate and adjust it on a monthly basis to help importers better cope with pricing of their products after the central bank floated its currency in November. The Finance Ministry fixed the customs exchange rate at
Published 22 Jan, 2017 12:00am
Blockchain could save investment banks up to $12 billion a year
Currency

Blockchain could save investment banks up to $12 billion a year

Blockchain technology could help the world's largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025, according to a report by Accenture. The report, published on Tuesday jointly with benchmarking firm McLagan -
Published 22 Jan, 2017 12:00am
Injured Iniesta irreplaceable, says Enrique

Injured Iniesta irreplaceable, says Enrique

Barcelona boss Luis Enrique believes there isn't another player in world football who can adequately replace what injured captain Andres Iniesta brings the Catalan giants. However, as Barca go in search of a fourth straight win at Eibar on Sunday night, E
Published 22 Jan, 2017 12:00am
Rapid-fire Miller leads South Africa to victory

Rapid-fire Miller leads South Africa to victory

David Miller hit 40 off 18 balls to set up a South Africa win by 19 runs in a rain-shortened first Twenty20 international against Sri Lanka at SuperSport Park on Friday. Miller's power hitting enabled South Africa to score 126 for six in a match reduced t
Published 22 Jan, 2017 12:00am
Shakib magic cleans out New Zealand middle order

Shakib magic cleans out New Zealand middle order

Bangladesh unleashed Shakib Al Hasan with dramatic effect late on day two of the second Test against New Zealand claiming three quick wickets to leave the contest evenly poised on Saturday. "He can do anything on any wicket," fast bowler Taskin Ahmed said
Published 22 Jan, 2017 12:00am
Sigurdsson strike stuns Liverpool

Sigurdsson strike stuns Liverpool

Gylfi Sigurdsson's decisive goal boosted Swansea's hopes of Premier League survival as they inflicted Liverpool's first home defeat for almost a year with a 3-2 triumph at Anfield on Saturday. Iceland international Sigurdsson, who has repeatedly been link
Published 22 Jan, 2017 12:00am
Storm disrupts Singapore Open third round

Storm disrupts Singapore Open third round

Australia's Adam Scott was among four players tied for the lead at the Singapore Open on Saturday when a tropical storm and fading light forced the suspension of the third round. Already behind schedule after Southeast Asia's fickle weather disrupted the
Published 22 Jan, 2017 12:00am
Balotelli blasts Bastia fans' 'monkey' chants

Balotelli blasts Bastia fans' 'monkey' chants

Italian striker Mario Balotelli slammed Bastia fans and accused them of making "monkey" chants throughout Friday's 1-1 draw against Ligue 1 leaders Nice in Corsica.
Published 22 Jan, 2017 12:00am
Cibulkova becomes latest seed to crash

Cibulkova becomes latest seed to crash

Dominika Cibulkova became the latest top seed to crash out of the Australian Open Saturday when she was upset by Russian dark horse Ekaterina Makarova in a marathon third-round match. The Slovak sixth seed and WTA Finals champion joins third seed Agnieszk
Published 22 Jan, 2017 12:00am
Raonic reaches last 16

Raonic reaches last 16

'Flu-hit Milos Raonic negotiated tricky Frenchman Gilles Simon in four sets to reach the fourth round at the Australian Open on Saturday. Canada's world number three, whose chances of making the final from the bottom half of the draw have improved followi
Published 22 Jan, 2017 12:00am
Dimitrov takes midnight express to last 16

Dimitrov takes midnight express to last 16

Grigor Dimitrov played to 2:00am on Sunday as he beat Richard Gasquet to reach the Australian Open's last 16, recalling the tournament's infamous late - or early - finishes. Play got underway at two minutes to midnight and Dimitrov took two hours, two min
Published 22 Jan, 2017 12:00am
Ageless Nadal outlasts teenager, Serena cruises

Ageless Nadal outlasts teenager, Serena cruises

Rafael Nadal's ageing legs outlasted German teenager Alexander Zverev in an epic five sets as Serena Williams sailed into the last 16 at the Australian Open on Saturday. Nadal needed all his trademark grit against Zverev, 19, dubbed "the future of tennis"
Published 22 Jan, 2017 12:00am
Romanian nightclub fire sends dozens to hospitals

Romanian nightclub fire sends dozens to hospitals

A fire broke out in a nightclub in the Romanian capital Bucharest early on Saturday morning, resulting in more than 40 people being taken to hospital. No deaths were reported. Doctors said one person was in serious condition, while most of the victims suf
Published 22 Jan, 2017 12:00am
Gambians await Jammeh's exit after pledge to go

Gambians await Jammeh's exit after pledge to go

Gambians on Saturday awaited the departure of Yahya Jammeh to a life of exile, with some nervousness remaining over a deal reached with west African leaders that headed off a regional military intervention. Jammeh accepted to hand power peacefully to Pres
Published 22 Jan, 2017 12:00am
China sees 'grim' situation in relations with Taiwan this year

China sees 'grim' situation in relations with Taiwan this year

Relations between China and Taiwan this year will be "even more complex and grim" and Beijing will resolutely oppose any form of separatist activity, a senior Chinese official said, but added China would also maintain peace and stability.
Published 22 Jan, 2017 12:00am
EU mulls aid boost to help Libya stop migrant smugglers

EU mulls aid boost to help Libya stop migrant smugglers

The EU could soon step up training and equipping Libya's coast guard to crack down on migrant smuggling in the north African nation's waters, according to an EU proposal seen by AFP on Saturday. Malta, which holds the current rotating EU presidency, is pi
Published 22 Jan, 2017 12:00am
Rescuers seek trapped miners in Peru

Rescuers seek trapped miners in Peru

Rescuers in Peru were working Friday to save seven miners trapped for nearly four days by a landslide, the emergency services said. An avalanche of mud and rocks driven by heavy rain trapped the men on Monday in the mine where they were working in the sou
Published 22 Jan, 2017 12:00am
Bomb kills four at Syria-Jordan border camp

Bomb kills four at Syria-Jordan border camp

A car bomb blast killed at least four civilians at a camp for displaced Syrians by the border with Jordan on Saturday, the Syrian Observatory for Human Rights monitor said. "A car bomb exploded on the outskirts of the Rukban camp on the Jordanian border,
Published 22 Jan, 2017 12:00am
Egypt working for talks between rival Libya authorities

Egypt working for talks between rival Libya authorities

Egypt is working to organise direct talks between the leaders of rival Libyan authorities contesting the war-torn country, its foreign minister said Saturday after hosting a regional meeting. The UN-backed government in Tripoli has struggled to impose its
Published 22 Jan, 2017 12:00am
Hungarian school coach crashes in Italy, 16 dead

Hungarian school coach crashes in Italy, 16 dead

Sixteen people died when a coach bringing Hungarian teenagers home from a skiing trip crashed and burst into flames on a northern Italian motorway overnight, authorities said Saturday. It appeared the death toll from the tragedy near Verona at around 11:0
Published 22 Jan, 2017 12:00am
Kenya's new electoral commission sworn in

Kenya's new electoral commission sworn in

Kenya's new electoral commission was sworn in Friday to replace a team forced to quit after violent protests by opponents who accused them of bias, mismanagement and corruption. The seven new commissioners have only seven months to organise presidential a
Published 22 Jan, 2017 12:00am
Bodies of 2 firemen recovered after Tehran tower inferno

Bodies of 2 firemen recovered after Tehran tower inferno

Rescue teams recovered the bodies of two Iranian firefighters early on Saturday, two days after they were killed while tackling a blaze in Tehran's oldest high-rise. They were among around 20 firefighters feared to have been killed when the 15-storey Plas
Published 22 Jan, 2017 12:00am
British PM says Trump 'recognises importance of Nato'

British PM says Trump 'recognises importance of Nato'

British Prime Minister Theresa May said Friday that she believed US President Donald Trump "recognises the importance and significance of Nato", despite him days earlier dubbing the military alliance obsolete. In an interview with the Financial Times news
Published 22 Jan, 2017 12:00am
India Prime Minister overturns bull-wrestling ban

India Prime Minister overturns bull-wrestling ban

An Indian state lifted a Supreme Court ban on a popular bull-wrestling festival on Saturday after Prime Minister Narendra Modi ordered the event should be allowed to go ahead. Modi overturned the ban on the festival after massive protests in southern Indi
Published 22 Jan, 2017 12:00am
Syria regime, rebels set for first face-to-face at Astana

Syria regime, rebels set for first face-to-face at Astana

Syria's government and rebel fighters will on Monday sit down at the negotiating table for the first time in nearly six years of war, the latest diplomatic push to end hostilities. Hosted in the Kazakh capital Astana, the talks will see an opposition dele
Published 22 Jan, 2017 12:00am
Raids in Austria as 'terror' suspect grilled

Raids in Austria as 'terror' suspect grilled

Austrian police raided several addresses early Saturday as they grilled a suspected Islamic extremist thought to have been planning an attack, authorities said. "There were several raids on homes in Vienna and Lower Austria (state)," interior ministry spo
Published 22 Jan, 2017 12:00am
Three Indonesian fishermen missing off Philippines

Three Indonesian fishermen missing off Philippines

Three Indonesian fishermen have gone missing in waters off the southern Philippines, Manila said Saturday, an area that has seen repeated kidnappings for ransom by Islamist militants. Authorities said the three Indonesians went missing on Wednesday in wat
Published 22 Jan, 2017 12:00am
Ex-leader of Maldives plans return to save sinking nation

Ex-leader of Maldives plans return to save sinking nation

He faces jail in the Maldives but former president Mohamed Nasheed says he wants to contest elections and guide the island nation away from environmental catastrophe. Nasheed became the first democratically elected president of the Maldives in 2008, but l
Published 22 Jan, 2017 12:00am
Brazil plans two subsalt auctions in 2017, another in 2018

Brazil plans two subsalt auctions in 2017, another in 2018

Brazil plans to hold two subsalt oil auctions in 2017, putting new exploration areas up for bidding in November for what should be the "most competitive" round of the year, Oil Secretary Marcio Felix said in an interview on Thursday. The auctions, an effo
Published 22 Jan, 2017 12:00am
IGC raises grains crop outlook, stocks to climb

IGC raises grains crop outlook, stocks to climb

The International Grains Council on Thursday raised its forecast for the global grains crop in 2016/17 from an already record level, partly driven by improved outlooks for China's corn crop and wheat production in Australia. Total production on grains in
Published 22 Jan, 2017 12:00am
Russian oil output seen reaching new highs in 2017

Russian oil output seen reaching new highs in 2017

Russian oil production is likely reach another post-Soviet record high in 2017 after a global deal to cut output expires at the end of June, a Reuters poll of analysts and consultants showed on Tuesday. The Organization of the Petroleum Exporting Countrie
Published 22 Jan, 2017 12:00am
Opec chief sees oil stocks declining as cuts take effect

Opec chief sees oil stocks declining as cuts take effect

Oil stocks around the world need to decline by at least another 270 million barrels to reach a five-year industry average for Opec to be able to say the markets are becoming balanced, Opec Secretary General Mohammed Barkindo told Reuters. "The primary goa
Published 22 Jan, 2017 12:00am
China corn output to drop 4.1 percent

China corn output to drop 4.1 percent

China, the world's second-biggest corn consumer, will produce 4.1 percent less corn in the 12 months ending in September 2017, and imports will plunge 68.8 percent in the same period, according to forecasts from the country's agriculture ministry.
Published 22 Jan, 2017 12:00am
Cotton gains on strong US exports, weak dollar
Currency

Cotton gains on strong US exports, weak dollar

ICE cotton futures rose marginally to hit a more than one-week high on Friday, supported by bullish export sales data and a weaker dollar. The March cotton contract on ICE Futures US hit a session high of 73.43 cents a lb, a peak since January 12. The con
Published 22 Jan, 2017 12:00am
Weak road freights in Brazil anger truckers, benefit soyabean crop

Weak road freights in Brazil anger truckers, benefit soyabean crop

Stiff competition among truckers will keep road freights in Brazil's main agricultural belt stable during the 2016/17 crop, transporters said, benefiting farmers as they harvest a record volume of soyabeans but hurting margins for logistics companies.
Published 22 Jan, 2017 12:00am
Thai floods harm key region for world's rubber

Thai floods harm key region for world's rubber

First came drought, then came floods. Rubber farmers in Thailand's south are counting the cost of extreme weather in the world's top growing region. "From afar the trees look withered," said 67-year-old Reang Onnuan, a lifelong rubber grower, looking out
Published 22 Jan, 2017 12:00am
India rules out lowering sugar import tax

India rules out lowering sugar import tax

India, the world's biggest sugar consumer, has no plan to lower import duty on the sweetener, at least in the near term, a government official said on Thursday. Sugar prices in the local market have risen more than 10 percent in a month on an expected dro
Published 22 Jan, 2017 12:00am
Mexican corn imports to rise at least 20 percent

Mexican corn imports to rise at least 20 percent

Mexico will import at least one-fifth more yellow corn next season as higher fuel costs and a weak peso hit domestic crops while the same factors will drive up tortilla prices, the head of top corn farmer federation said in an interview. Juan Pablo Rojas
Published 22 Jan, 2017 12:00am
Palm oil to hit 3,300 ringgit by early March

Palm oil to hit 3,300 ringgit by early March

Palm oil is headed for 3,300 ringgit per tonne by March, sooner than forecast earlier, as stocks of the tropical oil remain tight. Prices will then fall nearly a quarter by June or July, said leading vegetable oils analyst Dorab Mistry on Saturday. Benchm
Published 22 Jan, 2017 12:00am
'Gold plated housing project' to be built in Dubai, Pakistan

'Gold plated housing project' to be built in Dubai, Pakistan

UAE Business Group Head, Chairman of DM Real Estate Group, Suhail Mohd Al Zarooni has announced that the Al Zarooni Foundation with DM Group collaboration will build the First Ever "Gold Plated Housing Project" in Dubai and Pakistan.
Published 22 Jan, 2017 12:00am
Prices of essential kitchen items register slight increase

Prices of essential kitchen items register slight increase

Prices of essential kitchen items registered a slight increase during the past week as compared to the preceding week, revealed a survey conducted by Business Recorder, here on Saturday. The survey observed that the prices of most kitchen items like tomat
Published 22 Jan, 2017 12:00am
Bilawal, Bakhtawar order show-cause against Pitafi

Bilawal, Bakhtawar order show-cause against Pitafi

Pakistan People's Party chairman Bilawal Bhutto and daughter of Asif Ali Zardari, Bakhtawar Bhutto have taken notice of the incident in the Sindh Assembly in which a minister passed inappropriate remarks against a female member of the opposition.
Published 22 Jan, 2017 12:00am
Balochistan PA passes 11 resolutions of public importance

Balochistan PA passes 11 resolutions of public importance

The Provincial Assembly of Balochistan Saturday passed 11 resolutions while the lawmakers tabled 12 resolutions either individually or jointly on various matters of public importance during the reporting period.
Published 22 Jan, 2017 12:00am
Previous Day