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Print - 2017-02-15
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 15 Feb, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 15 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 15 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 15 Feb, 2017 12:00am
US natural gas futures hit lowest since November

US natural gas futures hit lowest since November

US natural gas futures on Monday fell to their lowest since mid-November on forecasts for less-cold weather and lighter heating demand over the next two weeks and the rest of the winter. Front-month gas futures fell 9.0 cents, or 3 percent, to settle at $
Published 15 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,167. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 5.35 billion and the number of lots traded was 12,055. Major business was contributed by gol
Published 15 Feb, 2017 12:00am
US FOB Gulf corn, soyabean offers mostly steady

US FOB Gulf corn, soyabean offers mostly steady

Export premiums for corn and soyabeans shipped from the US Gulf Coast were mostly steady on Monday, with nearby values underpinned by tight loading capacity at export terminals, traders said. Deferred basis offers for corn and soyabeans were capped by hei
Published 15 Feb, 2017 12:00am
Ghana lowers cocoa output forecast

Ghana lowers cocoa output forecast

Ghana expects to produce about 800,000 tonnes of cocoa in 2016/17, down from an earlier forecast of 850,000 to 900,000 tonnes, the new head of sector regulator Cocobod, according to Joseph Boahen Aidoo. "We are on the field and I think I would like to be
Published 15 Feb, 2017 12:00am
Russian wheat export prices likely to fall 7 percent

Russian wheat export prices likely to fall 7 percent

Russia's wheat export prices are expected to fall 7 percent from current levels when the new crop is delivered to the market this summer, IKAR, one of Moscow's leading agriculture consultancies, said on Monday. Russia, a major global wheat exporter, harve
Published 15 Feb, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 136,879 tonnes of cargo comprising 124,984 tonnes of import cargo and 11,895 tonnes of export cargo including NA loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 124,9
Published 15 Feb, 2017 12:00am
Cotton prices rise on improved activity
Cotton

Cotton prices rise on improved activity

Rates showed further improvement on the cotton market on Tuesday as the some leading buyers continued purchasing of quality lint to replenish their stock, dealers said. The official spot rate was unchanged at Rs 6700, they said. In Sindh, seed cotton pric
Published 15 Feb, 2017 12:00am
Romanian wheat lowest in Iraq's tender

Romanian wheat lowest in Iraq's tender

Wheat sourced from Romania was offered at the lowest price of $244.00 a tonne c&f free out, in a tender by Iraq's state grains board to buy at least 50,000 tonnes of hard wheat, European traders said on Monday. The tender closed on Sunday. No purchase had
Published 15 Feb, 2017 12:00am
Ivory Coast weather offers mixed prospects for cocoa mid-crop

Ivory Coast weather offers mixed prospects for cocoa mid-crop

Patchy rains last week in most of Ivory Coast's main cocoa-growing regions is expected to boost the next mid-crop, though hot weather elsewhere raised fears of destructive brush fires, farmers said on Monday. The dry season in the world's top cocoa produc
Published 15 Feb, 2017 12:00am
China's credit growth poses challenge, but tightening seen gradual

China's credit growth poses challenge, but tightening seen gradual

Chinese banks kept up a strong pace of lending at the start of the year, even with signs of tightening by the central bank, highlighting the challenge Beijing faces as it tries to deflate asset bubbles without risking a blow to economic activity. January'
Published 15 Feb, 2017 12:00am
Le Pen's anti-euro plan 'to cost France 30 billion a year'
Currency

Le Pen's anti-euro plan 'to cost France 30 billion a year'

Marine Le Pen's pledge to ditch the euro if elected French president would cost the country over 30 billion euros a year in increased borrowing costs, the country's central bank governor warned Monday. With less than three months to go before the first ro
Published 15 Feb, 2017 12:00am
Le Pen's anti-euro plan 'to cost France 30 billion a year'
Currency

Le Pen's anti-euro plan 'to cost France 30 billion a year'

Marine Le Pen's pledge to ditch the euro if elected French president would cost the country over 30 billion euros a year in increased borrowing costs, the country's central bank governor warned Monday. With less than three months to go before the first ro
Published 15 Feb, 2017 12:00am
India retail inflation lowest in at least five years

India retail inflation lowest in at least five years

India's inflation cooled to its lowest in at least five years in January as food prices fell following the government's cash clampdown, but emerging price pressures mean the Reserve Bank of India (RBI) will probably keep interest rates on hold. Consumer p
Published 15 Feb, 2017 12:00am
India wholesale price inflation hits 2-1/2-year high on fuel surge

India wholesale price inflation hits 2-1/2-year high on fuel surge

India's wholesale prices rose at the fastest pace in two-and-a-half years in January as fuel prices climbed, reinforcing the central bank's decision last week to move to a neutral policy stance as inflation risks grow. Prices in wholesale markets rose 5.2
Published 15 Feb, 2017 12:00am
German economy rebounds in final quarter of 2016

German economy rebounds in final quarter of 2016

The German economy grew by 0.4 percent in the final quarter of 2016, data showed on Tuesday, as increased state spending, higher private consumption and construction in Europe's biggest economy more than offset a drag from foreign trade. The growth figure
Published 15 Feb, 2017 12:00am
Kazakhstan sets aside $6.2 billion to buy out banks' bad loans

Kazakhstan sets aside $6.2 billion to buy out banks' bad loans

Kazakhstan plans to inject 2 trillion tenge ($6.2 billion) into its state-owned 'bad bank', the Problem Loans Fund, in order to buy distressed assets from local banks, central bank deputy chairman Oleg Smolyakov said on Monday.
Published 15 Feb, 2017 12:00am
Japan, US agreed FX talks best left for finance leaders: Abe
Currency

Japan, US agreed FX talks best left for finance leaders: Abe

Japanese Prime Minister Shinzo Abe said on Tuesday he and US President Donald Trump agreed to allow their respective finance leaders to discuss currency issues, suggesting Trump may be willing to soften criticism that Japan was manipulating its currency t
Published 15 Feb, 2017 12:00am
Credit Suisse posts $2.4 billion loss, plans more job cuts

Credit Suisse posts $2.4 billion loss, plans more job cuts

Credit Suisse on Tuesday reported a net loss of 2.4 billion Swiss francs (2.2 billion euros, $2.3 billion) in 2016, after agreeing to a massive settlement with US authorities over its role in the sub-prime crisis.
Published 15 Feb, 2017 12:00am
Rolls-Royce logs record £4 billion loss

Rolls-Royce logs record £4 billion loss

British engine maker Rolls-Royce slumped into a record £4-billion annual net loss in 2016, ravaged by a Brexit-fuelled collapse in the pound and a corruption fine. The loss after tax, equivalent to $5.0 billion or 4.8 billion euros, contrasted with a slen
Published 15 Feb, 2017 12:00am
Rolls-Royce logs record £4 billion loss

Rolls-Royce logs record £4 billion loss

British engine maker Rolls-Royce slumped into a record £4-billion annual net loss in 2016, ravaged by a Brexit-fuelled collapse in the pound and a corruption fine. The loss after tax, equivalent to $5.0 billion or 4.8 billion euros, contrasted with a slen
Published 15 Feb, 2017 12:00am
US wholesale inflation sees biggest monthly gain in four years

US wholesale inflation sees biggest monthly gain in four years

US wholesale inflation continued its upward trend in January, recording its largest monthly gain in more than four years, according to data released Tuesday by the Labour Department. The Producer Price Index, which measures prices from the seller's perspe
Published 15 Feb, 2017 12:00am
Surge in China factory-gate prices fans inflation hopes
Currency

Surge in China factory-gate prices fans inflation hopes

Chinese factory-gate prices climbed for a fifth straight month in January, the government said Tuesday, fuelling hopes the world's biggest goods trader can export much-needed inflation to the global economy. The surge, as well as a pick-up in consumer inf
Published 15 Feb, 2017 12:00am
Mnuchin sworn in as US Treasury chief

Mnuchin sworn in as US Treasury chief

The US Senate on Monday confirmed Wall Street banker Steven Mnuchin to be the next secretary of the US Treasury, overcoming fierce Democratic objection of yet another nominee to President Donald Trump's cabinet. Mnuchin, a former Goldman Sachs executive,
Published 15 Feb, 2017 12:00am
Mnuchin sworn in as US Treasury chief

Mnuchin sworn in as US Treasury chief

The US Senate on Monday confirmed Wall Street banker Steven Mnuchin to be the next secretary of the US Treasury, overcoming fierce Democratic objection of yet another nominee to President Donald Trump's cabinet. Mnuchin, a former Goldman Sachs executive,
Published 15 Feb, 2017 12:00am
Fuel price surge sends UK inflation to highest since June 2014

Fuel price surge sends UK inflation to highest since June 2014

British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fuelled fall in the pound,official data showed on Tuesday. Consumer prices increased by 1.8 perce
Published 15 Feb, 2017 12:00am
Tata Motors profits plummet 96 percent

Tata Motors profits plummet 96 percent

India's largest carmaker Tata Motors Tuesday reported a 96 percent fall in quarterly profits, due to a cash ban which hit domestic business and weak sales at its luxury Jaguar Land Rover unit. Consolidated net profit for the three months ending December f
Published 15 Feb, 2017 12:00am
Tata Motors profits plummet 96 percent

Tata Motors profits plummet 96 percent

India's largest carmaker Tata Motors Tuesday reported a 96 percent fall in quarterly profits, due to a cash ban which hit domestic business and weak sales at its luxury Jaguar Land Rover unit. Consolidated net profit for the three months ending December f
Published 15 Feb, 2017 12:00am
Weak data undercuts optimism on eurozone economy strength

Weak data undercuts optimism on eurozone economy strength

Optimism about the strength of the eurozone economy took a hit on Tuesday as data showed lower-than-expected growth, possibly caused by weaker global trade as protectionist calls grow louder. The gross domestic product (GDP) of the 19 countries sharing th
Published 15 Feb, 2017 12:00am
Company earnings, news support UAE; Saudi, Egypt underperform

Company earnings, news support UAE; Saudi, Egypt underperform

Corporate earnings and other news from companies in Dubai helped that market rise on Tuesday, while Abu Dhabi was supported by earnings at Union National Bank and an arbitration judgement in favour of Dana Gas. Dubai's index rose 0.4 percent as Drake & Sc
Published 15 Feb, 2017 12:00am
Tokyo stocks fall as Toshiba dives
Currency

Tokyo stocks fall as Toshiba dives

Tokyo stocks closed lower Tuesday as a pick-up in the yen hurt exporters, while money-losing Toshiba plunged after delaying the release of its latest financial results. Japan's currency - widely seen as a safe investment - rose as US President Donald Trum
Published 15 Feb, 2017 12:00am
Tuesday's early trade: stocks slip on Yellen's rate hike comments

Tuesday's early trade: stocks slip on Yellen's rate hike comments

Wall Street edged lower on Tuesday after Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting, but expressed uncertainty over economic policy under the Trump administration. She did not s
Published 15 Feb, 2017 12:00am
S&P 500 tops $20 trillion as Wall Street trades on Trump

S&P 500 tops $20 trillion as Wall Street trades on Trump

US equity indexes hit record highs on Monday, with the benchmark S&P 500's market value topping $20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy. Trump vowed last Thursday to make a major tax announcement o
Published 15 Feb, 2017 12:00am
Hong Kong stocks little changed
Currency

Hong Kong stocks little changed

Hong Kong stocks ended little changed on Tuesday as growing profit-taking after a two-month rally offset sustained inflows from mainland Chinese investors. Both the benchmark Hang Seng index and the Hong Kong China Enterprises Index closed a sliver lower
Published 15 Feb, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday as investors looked ahead to testimony by Federal Reserve Chair Janet Yellen on Tuesday and Wednesday and as record high stock markets reduced demand for bonds. Investors will be watching for any new indications of when t
Published 15 Feb, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday as investors looked ahead to testimony by Federal Reserve Chair Janet Yellen on Tuesday and Wednesday and as record high stock markets reduced demand for bonds. Investors will be watching for any new indications of when t
Published 15 Feb, 2017 12:00am
Australian shares spring back

Australian shares spring back

Australian shares stepped back slightly to snap a five day winning streak on Tuesday, as earnings worries dragged on consumer and healthcare stocks. The S&P/ASX 200 index was off 0.1 percent, or 5.488 points, at 5,755.2 by the close of trade. The benchmar
Published 15 Feb, 2017 12:00am
Indian shares flat

Indian shares flat

Indian shares ended nearly flat for a second straight session on Tuesday amid weak Asian markets, while losses in auto stocks led by Tata Motors offset gains in energy and IT stocks. The benchmark BSE index fell 0.04 percent to 28,339.31. The broader NSE
Published 15 Feb, 2017 12:00am
China stocks flat

China stocks flat

China's main stock indexes were largely unchanged on Tuesday, after data showed the country's inflation picked up to multi-year highs and reinforced a shift by Beijing to a more tighter policy stance. The blue-chip CSI300 index was unchanged at 3,435.80 p
Published 15 Feb, 2017 12:00am
European shares slightly weaker

European shares slightly weaker

European shares were slightly weaker on Tuesday, poised to snap a five-day streak of gains, as the corporate earnings season kicked into high gear across the region. The pan-European STOXX 600 index was down 0.2 percent. Financials were among the biggest
Published 15 Feb, 2017 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks traded largely flat on Tuesday, paring early gains that lifted up the index to a 20-month high, as investors exercised caution ahead of the release of the government's quarterly economic outlook on Wednesday. The main TAIEX index was flat at
Published 15 Feb, 2017 12:00am
Southeast Asian stocks fall

Southeast Asian stocks fall

Southeast Asian shares fell on Tuesday, as investors turned cautious ahead of US Federal Reserve Chair Janet Yellen's congressional testimony that could give clues on the pace of interest rate hikes. Regional markets, which spiralled down in early trade o
Published 15 Feb, 2017 12:00am
Rolls-Royce weighs on FTSE 100 after five-day advance
Currency

Rolls-Royce weighs on FTSE 100 after five-day advance

Britain's top share index ended slightly lower on Tuesday, pausing after a five-day winning streak as Rolls-Royce tumbled after reporting a record loss. The blue chip FTSE 100 index closed down 0.1 percent at 7,268.56 points, having hit its highest level
Published 15 Feb, 2017 12:00am
Dollar down in Asia
Currency

Dollar down in Asia

The dollar extended losses on Tuesday after President Donald Trump's national security adviser Michael Flynn quit, with investors waiting to see whether Federal Reserve Chair Janet Yellen offers clues to the likely pace interest rate increases in her cong
Published 15 Feb, 2017 12:00am
Dollar stumbles in Europe

Dollar stumbles in Europe

The dollar stumbled against major currencies on Tuesday as investors reined in any expectations for a March rise in US interest rates and US President Donald Trump's national security advisor Michael Flynn quit in a row over Russia. The euro inched up by
Published 15 Feb, 2017 12:00am
Dollar climbs against basket of currencies in New York
Currency

Dollar climbs against basket of currencies in New York

The dollar rose to a near three-week high against a basket of currencies on Monday, lifted by hopes of US tax cuts to stoke corporate profits and investments, as well as bets on whether the Federal Reserve may raise interest rates more quickly. The greenb
Published 15 Feb, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 79.23-79.25 (previous 79.22-79.22).
Published 15 Feb, 2017 12:00am
Sri Lankan rupee edges up
Currency

Sri Lankan rupee edges up

The Sri Lankan rupee firmed on Tuesday as dollar sales by exporters offset demand for the US currency although depreciation concerns continued to weigh, dealers said. Rupee forwards were active, with two-week forwards closing at 151.15/25 per dollar, firm
Published 15 Feb, 2017 12:00am
Asian currencies rise
Currency

Asian currencies rise

Asian currencies rose on Tuesday as the resignation of US President Donald Trump's national security adviser dented the dollar, with the South Korean won getting an additional lift as local exporters sold the greenback. The won outperformed its regional p
Published 15 Feb, 2017 12:00am
Sterling slides off 1-month high as inflation misses forecasts

Sterling slides off 1-month high as inflation misses forecasts

Sterling retreated from its highest level in a month against the euro on Tuesday, after UK inflation data came in below forecast, adding to a handful of subdued economic numbers over the past couple of weeks. The figures still showed the fastest rise in c
Published 15 Feb, 2017 12:00am
Aussie up, kiwi down
Currency

Aussie up, kiwi down

The Australian dollar nudged higher on Tuesday after a business conditions indicator jumped to near decade highs but the currency struggled at 77 US cents, which is proving to be a crucial barrier. The Australian dollar added 0.35 percent to $0.7665, comi
Published 15 Feb, 2017 12:00am
Suso sizzler salvages Milan draw at Lazio

Suso sizzler salvages Milan draw at Lazio

A late equaliser from Suso secured a share of the points as AC Milan relaunched their Europa League bid with a precious 1-1 draw at Lazio on Monday. Lazio, fighting for a top three finish in a tightly-contested Serie A, looked to be heading for a second s
Published 15 Feb, 2017 12:00am
Army and MMS earn victory in Hamdan Polo Cup

Army and MMS earn victory in Hamdan Polo Cup

Army and MMS won the Hamdan Housing Polo Cup 2017 opening matches after defeating their respective opponents here at the Lahore Polo Club (LPC) ground on Tuesday. In the first match of the day, Army outran Barry's by 9-41/2. The soldiers started the match
Published 15 Feb, 2017 12:00am
Jankovic wins in Qatar

Jankovic wins in Qatar

Former world number one Jelena Jankovic was the most notable winner on a day affected by rain and thunderstorms at the Qatar Open on Monday. The Serb, a former US Open finalist, beat Bulgaria's Tsevtana Pironkova 6-1, 6-7 (6/8), 6-4 in a first round quali
Published 15 Feb, 2017 12:00am
Female Games in Bannu enter into last phase

Female Games in Bannu enter into last phase

The Under-23 Female Games in District Bannu entered into the last phase with Lakki Marwat maintained their lead on the second day of the three-day Games being played across District Bannu on different venues. Assistant Commissioner (AC) Bannu Anila Fahim
Published 15 Feb, 2017 12:00am
England's Willey out of West Indies tour

England's Willey out of West Indies tour

England all-rounder David Willey has been ruled out of the forthcoming one-day tour of the West Indies following surgery on a shoulder injury, it was announced Tuesday. The 26-year-old could only manage two overs during England's one-day international win
Published 15 Feb, 2017 12:00am
South Africa ODI moved after Napier washout

South Africa ODI moved after Napier washout

New Zealand Cricket (NZC) on Tuesday shifted next month's fourth one-dayer between the Black Caps and South Africa to Hamilton due to inadequate drainage at the original venue in Napier. An ODI between Australia and New Zealand at McLean Park was abandone
Published 15 Feb, 2017 12:00am
Alpine skiing: France edge Slovakia for world team gold

Alpine skiing: France edge Slovakia for world team gold

France edged Slovakia by just eight-hundredths of a second to win the team event at the World Ski Championships on Tuesday. The final finished level at 2-2 after Alexis Pinturault and Mathieu Faivre won their races for the French, and Veronika Velez Zuzul
Published 15 Feb, 2017 12:00am
Voges ends Test career with second best batting average

Voges ends Test career with second best batting average

Australia's Adam Voges has retired from international cricket, signing off with a Test batting average second only to the great Don Bradman. Voges became the oldest player to score a century on his test debut when he made an unbeaten 130 against West Indi
Published 15 Feb, 2017 12:00am
Greek teenager keeps Tsonga guessing

Greek teenager keeps Tsonga guessing

Sixth-seeded Frenchman Jo-Wilfried Tsonga was kept guessing by unheralded Greek Stefanos Tsitsipas before grinding out a 6-4, 7-6 (7/2) first round win at the Rotterdam World Tennis on Tuesday. The 19-year-old wildcard entry came onto the court as a compl
Published 15 Feb, 2017 12:00am
Sterling rises to occasion, keeps City in title mix

Sterling rises to occasion, keeps City in title mix

A goal from Raheem Sterling and an own goal from Tyrone Mings gave Manchester City a 2-0 win against Bournemouth and lifted them from sixth to second place in the Premier League on a blustery Monday night at the Vitality Stadium. Pep Guardiola's side clos
Published 15 Feb, 2017 12:00am
Chinese superclub Evergrande to end foreign signings

Chinese superclub Evergrande to end foreign signings

Chinese champions Guangzhou Evergrande have announced plans to field a Chinese-only squad by 2020, official media said on Tuesday, in a surprise turnaround after years of success based on big-money foreign signings. Evergrande have won the Chinese Super L
Published 15 Feb, 2017 12:00am
Sledging? Go for it, says Australia's Smith

Sledging? Go for it, says Australia's Smith

Australian captain Steve Smith raised the temperature Tuesday ahead of the first Test against India, calling on his players to "go for it" with the verbal volleys and on-field aggression. India-Australia series are notoriously feisty affairs - the 2008 co
Published 15 Feb, 2017 12:00am
Fillon puts down rebellion but lawmakers nervous

Fillon puts down rebellion but lawmakers nervous

Francois Fillon faced down a rebellion by lawmakers in his centre-right party on Tuesday, but the revolt exposed a shaky confidence inside his camp as he tries to draw a line under a scandal that could derail his bid to win power.
Published 15 Feb, 2017 12:00am
US and Thailand kick off 'Cobra Gold' war games

US and Thailand kick off 'Cobra Gold' war games

The US and Thailand launched annual joint 'Cobra Gold' military exercises Tuesday as Asia grapples with uncertainty over the direction of American foreign policy under President Donald Trump. The war games, typically involving days of gruelling and someti
Published 15 Feb, 2017 12:00am
One dead, several hurt in Luxembourg train crash

One dead, several hurt in Luxembourg train crash

A passenger train and a freight train collided in Luxembourg on Tuesday, killing one person and injuring several more, police said. The passenger service from Thionville in northeast France hit the goods train near Bettembourg close to the French border a
Published 15 Feb, 2017 12:00am
Israel withdraws Egypt envoy over security

Israel withdraws Egypt envoy over security

Israel has temporarily withdrawn its ambassador to Egypt amid ongoing security concerns, the country's intelligence service confirmed Tuesday. "Due to security considerations the return of the foreign ministry embassy staff to Cairo has been restricted,"
Published 15 Feb, 2017 12:00am
Queen unveils Britain's new cyber security centre

Queen unveils Britain's new cyber security centre

Queen Elizabeth II on Tuesday inaugurated Britain's National Cyber Security Centre (NCSC), spearheading the country's efforts to combat a growing wave of cyberattacks notably from Russia. The 90-year-old monarch formally opened the London hub alongside he
Published 15 Feb, 2017 12:00am
Venezuelan VP calls US drug sanctions an 'attack'

Venezuelan VP calls US drug sanctions an 'attack'

Venezuelan Vice President Tareck El Aissami hit back Tuesday at the United States for labelling him a drug kingpin, calling Washington's sanctions on him a "vile attack." El Aissami is the heir apparent to President Nicolas Maduro, and the US accusations
Published 15 Feb, 2017 12:00am
India to launch 104 satellites in record mission

India to launch 104 satellites in record mission

India hopes to make history by launching a record 104 satellites from a single rocket Wednesday as its famously frugal space agency looks to zoom ahead in the commercial space race. The rocket is set to blast off from the southern spaceport of Sriharikota
Published 15 Feb, 2017 12:00am
India, Russia close in on chopper deal

India, Russia close in on chopper deal

Russia is close to finalising a deal to build helicopters in India, an executive said Tuesday, a move that would boost Narendra Modi's ambitions to manufacture defence hardware locally. India is the world's top defence importer and is seeking to revamp it
Published 15 Feb, 2017 12:00am
Merkel pushes Tunisia PM to speed up migrant returns

Merkel pushes Tunisia PM to speed up migrant returns

German Chancellor Angela Merkel on Tuesday pushed Tunisia's prime minister to speed up the returns of rejected asylum seekers, as Tunis rebuffed criticism that it was blocking repatriations. The German leader has been battling to get Tunis to take back it
Published 15 Feb, 2017 12:00am
Libya repatriates nearly 200 migrants to Niger

Libya repatriates nearly 200 migrants to Niger

Libya on Tuesday repatriated nearly 200 illegal migrants from Niger who had been held in detention centres in the capital, an AFP photographer said. They were flown home from Mitiga airport east of Tripoli, in coordination with the International Organizat
Published 15 Feb, 2017 12:00am
Increased defence spending top priority after Trump calls: Nato

Increased defence spending top priority after Trump calls: Nato

Nato chief Jens Stoltenberg on Tuesday said the top priority for the transatlantic alliance is to increase defence spending, as demanded by US President Donald Trump. "Regardless of language, the most important thing is that we increase defence spending a
Published 15 Feb, 2017 12:00am
Chinese weapons reaching 'near-parity' with West

Chinese weapons reaching 'near-parity' with West

China is beginning to export its own weapon designs, including armed drones, worldwide and is reaching "near-parity" with the West in terms of military technology, accoording to a report on Tuesday The International Institute for Strategic Studies said th
Published 15 Feb, 2017 12:00am
Cotton jumps 1.5 percent on strong export demand
Currency

Cotton jumps 1.5 percent on strong export demand

ICE cotton futures climbed about 1.5 percent on Monday, supported by strong export demand for US cotton, ahead of the first notice day for the March contract due next week. The May cotton contract on ICE Futures US settled up 1.12 cent, or 1.45 percent, a
Published 15 Feb, 2017 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded copper contract on the Shanghai Futures Exchange rose 1.1 percent to 50,110 yuan ($7,292) a tonne on Tuesday. Shanghai, zinc and lead each slipped by less than a half-percent, while aluminium gained 2.9 percent. Copper built on hefty overn
Published 15 Feb, 2017 12:00am
Copper slips on Chile strike mediation

Copper slips on Chile strike mediation

Copper slipped into the red on Tuesday on hopes strike talks would restart at the world's biggest copper mine in Chile while aluminium touched its highest in 21 months on renewed concerns about potential closures of Chinese smelters to cut pollution. Also
Published 15 Feb, 2017 12:00am
Rubber gains

Rubber gains

Benchmark Tokyo rubber futures hit a near two-week high on Tuesday, stretching gains into a third straight session, on the back of firm Shanghai futures. The Tokyo Commodity Exchange rubber contract for July delivery finished 0.4 yen higher at 326.4 yen (
Published 15 Feb, 2017 12:00am
Malaysian palm oil hits near three-month low

Malaysian palm oil hits near three-month low

Malaysian palm oil futures came off near three-month lows to trade higher on Tuesday evening on concerns about a decline in February production, traders say. Market signals, however, were mixed earlier in the day as some forecast output gains while export
Published 15 Feb, 2017 12:00am
New York cocoa rebounds from 2008 low, Ivorian defaults weigh

New York cocoa rebounds from 2008 low, Ivorian defaults weigh

New York cocoa futures found some support on Tuesday after prices had fallen to their lowest level in almost a decade on market concerns over a wave of defaults in top grower Ivory Coast. The prospect of a large global surplus this season has led to a 10
Published 15 Feb, 2017 12:00am
Gold slips in New York
Currency

Gold slips in New York

Gold prices slipped on Monday as the dollar rose and equities climbed, but political and economic uncertainties in the United States and Europe are expected to provide support for now. The spot price was down 0.7 percent at $1,225.71 an ounce by 2:51 pm E
Published 15 Feb, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices edged up on Tuesday as the dollar crept lower, with investors turning their attention to testimony from US Federal Reserve Chair Janet Yellen later in the day for hints on the central bank's interest rate strategy. Spot gold was up 0.3 percent
Published 15 Feb, 2017 12:00am
Gold gains in Europe

Gold gains in Europe

Gold edged up on Tuesday as the dollar crept lower after US President Donald Trump's national security adviser Michael Flynn resigned and investors awaited testimony from US Federal Reserve Chair Janet Yellen. Yellen's semi-annual testimony at the Senate
Published 15 Feb, 2017 12:00am
US MIDDAY: soyabeans weaken

US MIDDAY: soyabeans weaken

US soyabean futures fell to a six-day low on Tuesday, pressured by the rapidly advancing harvest of a record crop in Brazil and much-needed rains in Argentina. Corn and wheat futures also weakened, setting back from 7-1/2 month lows in the absence of bull
Published 15 Feb, 2017 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell on Tuesday as the dollar advanced after US Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting with the economy expanding further. The Federal Reserve chair struck a more hawki
Published 15 Feb, 2017 12:00am
Oil settles up slightly as shale boom limits gains

Oil settles up slightly as shale boom limits gains

Oil settled slightly higher on Tuesday, as rising supply from US shale output limited enthusiasm about an OPEC-led effort to cut global output. Brent crude settled 38 cents higher at $55.97 a barrel, well off the session high of $56.46 a barrel. US light
Published 15 Feb, 2017 12:00am
Pakistan concerned over adverse impact of climate change

Pakistan concerned over adverse impact of climate change

Pakistan is concerned over adverse impacts of climate change as the country contributes only 0.8 percent to total greenhouse gas emissions globally. Federal Minister for Climate Change Zahid Hamid said expressed these views on Tuesday while chairing an in
Published 15 Feb, 2017 12:00am
US condemns Lahore attack

US condemns Lahore attack

Acting State Department spokesman Mark Toner on Monday said that US strongly condemns terrorist attack in Lahore in which 13 people were killed. "We condemn this act of violence, whatever its source. Our thoughts and prayers are with the victims and their
Published 15 Feb, 2017 12:00am