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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-04-30
Positive indicators
Cotton

Positive indicators

As the financial year 2016-17 nears its end, there are positive indicators of sustainable economic growth and progress. These are duly being appreciated and commended by various international financial institutions and donor agencies from time to time tho
Published 30 Apr, 2017 12:00am
When antibiotics are misused

When antibiotics are misused

First used in the 1940s antibiotics are one of the key advances in medicine. But their overuse has resulted in the development of resistant bacteria that no more respond to antibiotics. In fact, so tough has their resistance become over the last few years
Published 30 Apr, 2017 12:00am
Low concern over high sea intrusion

Low concern over high sea intrusion

Pakistan does not conquer land, which is no news. What's news is that it is definitely losing some - to the sea. A small seaside village on the Sonmiani coast lost around two acres of land to sea intrusion last week. "The erosion spell started in the morn
Published 30 Apr, 2017 12:00am
ASEAN firms up South China Sea stance as Beijing lobbies over statement

ASEAN firms up South China Sea stance as Beijing lobbies over statement

Southeast Asian countries have altered a statement to be issued at Saturday's ASEAN summit to include references to militarization and island-building in the South China Sea, the latest draft shows, in a move likely to frustrate Beijing. Chinese embassy r
Published 30 Apr, 2017 12:00am
ASEAN firms up South China Sea stance as Beijing lobbies over statement

ASEAN firms up South China Sea stance as Beijing lobbies over statement

Southeast Asian countries have altered a statement to be issued at Saturday's ASEAN summit to include references to militarization and island-building in the South China Sea, the latest draft shows, in a move likely to frustrate Beijing. Chinese embassy r
Published 30 Apr, 2017 12:00am
US aircraft carrier starts drill with South Korean navy

US aircraft carrier starts drill with South Korean navy

The US aircraft carrier USS Carl Vinson on Saturday kicked off a joint drill with the South Korean navy, officials said, as tensions rose over North Korea's latest test-fire of a ballistic missile. "Immediately after the aircraft carrier arrived in the Se
Published 30 Apr, 2017 12:00am
US aircraft carrier starts drill with South Korean navy

US aircraft carrier starts drill with South Korean navy

The US aircraft carrier USS Carl Vinson on Saturday kicked off a joint drill with the South Korean navy, officials said, as tensions rose over North Korea's latest test-fire of a ballistic missile. "Immediately after the aircraft carrier arrived in the Se
Published 30 Apr, 2017 12:00am
Le Pen names nationalist as prime minister

Le Pen names nationalist as prime minister

French far-right presidential hopeful Marine Le Pen on Saturday chose defeated first-round candidate Nicolas Dupont-Aignan as her prime minister, a bid to attract his voters and help her to victory over centrist favourite Emmanuel Macron. Dupont-Aignan is
Published 30 Apr, 2017 12:00am
Le Pen names nationalist as prime minister

Le Pen names nationalist as prime minister

French far-right presidential hopeful Marine Le Pen on Saturday chose defeated first-round candidate Nicolas Dupont-Aignan as her prime minister, a bid to attract his voters and help her to victory over centrist favourite Emmanuel Macron. Dupont-Aignan is
Published 30 Apr, 2017 12:00am
PM says he won't step down

PM says he won't step down

Rejecting the demand of his opponents, Prime Minister Nawaz Sharif on Saturday said that he would not resign or step down. Without naming Imran Khan, the PM said: "He [Imran] is asking for his resignation but I would not [resign] and continue to serve the
Published 30 Apr, 2017 12:00am
PM says he won't step down

PM says he won't step down

Rejecting the demand of his opponents, Prime Minister Nawaz Sharif on Saturday said that he would not resign or step down. Without naming Imran Khan, the PM said: "He [Imran] is asking for his resignation but I would not [resign] and continue to serve the
Published 30 Apr, 2017 12:00am
Indians throng temple to crack Trump's visa curbs

Indians throng temple to crack Trump's visa curbs

Hundreds of Indians gather daily at a 500-year-old Hindu temple in southern India where they pray for a single wish - an increasingly elusive US visa. The Chilkur Balaji temple dedicated to Lord Balaji - a re-incarnation of Hindu god Vishnu - on the outsk
Published 30 Apr, 2017 12:00am
Indians throng temple to crack Trump's visa curbs

Indians throng temple to crack Trump's visa curbs

Hundreds of Indians gather daily at a 500-year-old Hindu temple in southern India where they pray for a single wish - an increasingly elusive US visa. The Chilkur Balaji temple dedicated to Lord Balaji - a re-incarnation of Hindu god Vishnu - on the outsk
Published 30 Apr, 2017 12:00am
Government may be unable to implement PM''s export package

Government may be unable to implement PM''s export package

The government may be unable to implement Prime Minister''s Rs 180 billion export package due to paucity of funds as it requires release of Rs 7 billion per month to exporters under different incentives, it is learnt. Textile Ministry senior officials as
Published 30 Apr, 2017 12:00am
Government may be unable to implement PM's export package

Government may be unable to implement PM's export package

The government may be unable to implement Prime Minister's Rs 180 billion export package due to paucity of funds as it requires release of Rs 7 billion per month to exporters under different incentives, it is learnt. Textile Ministry senior officials as w
Published 30 Apr, 2017 12:00am
Government may be unable to implement PM's export package

Government may be unable to implement PM's export package

The government may be unable to implement Prime Minister's Rs 180 billion export package due to paucity of funds as it requires release of Rs 7 billion per month to exporters under different incentives, it is learnt. Textile Ministry senior officials as w
Published 30 Apr, 2017 12:00am
NA panel points out irregularities in PC affairs

NA panel points out irregularities in PC affairs

The National Assembly Standing Committee on Planning, Development and Reform has pointed out negligence and irresponsibility of Planning Commission in various development projects. According to a report of National Assembly Standing Committee on Planning,
Published 30 Apr, 2017 12:00am
NA panel points out irregularities in PC affairs

NA panel points out irregularities in PC affairs

The National Assembly Standing Committee on Planning, Development and Reform has pointed out negligence and irresponsibility of Planning Commission in various development projects. According to a report of National Assembly Standing Committee on Planning,
Published 30 Apr, 2017 12:00am
NA panel points out irregularities in PC affairs

NA panel points out irregularities in PC affairs

The National Assembly Standing Committee on Planning, Development and Reform has pointed out negligence and irresponsibility of Planning Commission in various development projects. According to a report of National Assembly Standing Committee on Planning,
Published 30 Apr, 2017 12:00am
China deports US woman convicted of 'spying'

China deports US woman convicted of 'spying'

An American woman convicted of espionage this week has been deported by China, a human rights group that campaigned for her release said Saturday, removing a source of tensions between Washington and Beijing. Sandy Phan-Gillis was detained in March 2015 a
Published 30 Apr, 2017 12:00am
China deports US woman convicted of 'spying'

China deports US woman convicted of 'spying'

An American woman convicted of espionage this week has been deported by China, a human rights group that campaigned for her release said Saturday, removing a source of tensions between Washington and Beijing. Sandy Phan-Gillis was detained in March 2015 a
Published 30 Apr, 2017 12:00am
Modi urges Muslim community not to politicise talaq issue

Modi urges Muslim community not to politicise talaq issue

Indian Prime Minister Narendra Modi on Saturday said that the Muslim community must not politicise the issue of triple talaq and rather look for solutions. Speaking at the Basava Convention in New Delhi, Prime Minister Modi said, "I request Muslim society
Published 30 Apr, 2017 12:00am
Modi urges Muslim community not to politicise talaq issue

Modi urges Muslim community not to politicise talaq issue

Indian Prime Minister Narendra Modi on Saturday said that the Muslim community must not politicise the issue of triple talaq and rather look for solutions. Speaking at the Basava Convention in New Delhi, Prime Minister Modi said, "I request Muslim society
Published 30 Apr, 2017 12:00am
French will decide EU future in May 7 vote: Hollande

French will decide EU future in May 7 vote: Hollande

French President Francois Hollande said Saturday that voters in France must decide their future in Europe in the May 7 presidential vote pitting europhile candidate Emmanuel Macron against the anti-EU Marine Le Pen. Speaking at his last EU summit as leade
Published 30 Apr, 2017 12:00am
French will decide EU future in May 7 vote: Hollande

French will decide EU future in May 7 vote: Hollande

French President Francois Hollande said Saturday that voters in France must decide their future in Europe in the May 7 presidential vote pitting europhile candidate Emmanuel Macron against the anti-EU Marine Le Pen. Speaking at his last EU summit as leade
Published 30 Apr, 2017 12:00am
EU adopts tough Brexit talks stance

EU adopts tough Brexit talks stance

European Union leaders unanimously adopted their Brexit strategy at a special summit in Brussels on Saturday, in a show of unity ahead of two years of tough talks with Britain. The 27 leaders quickly agreed on the negotiating guidelines as they met withou
Published 30 Apr, 2017 12:00am
EU adopts tough Brexit talks stance

EU adopts tough Brexit talks stance

European Union leaders unanimously adopted their Brexit strategy at a special summit in Brussels on Saturday, in a show of unity ahead of two years of tough talks with Britain. The 27 leaders quickly agreed on the negotiating guidelines as they met withou
Published 30 Apr, 2017 12:00am
IS kills senior Afghan Taliban official in Pakistan?

IS kills senior Afghan Taliban official in Pakistan?

Islamic State killed a senior Afghan Taliban official in Peshawar, the Afghan militants claimed on Saturday, in a rare clash between the rival Islamist groups inside Pakistan. Afghan Taliban sources told Reuters Maulvi Daud was killed on the outskirts of
Published 30 Apr, 2017 12:00am
IS kills senior Afghan Taliban official in Pakistan?

IS kills senior Afghan Taliban official in Pakistan?

Islamic State killed a senior Afghan Taliban official in Peshawar, the Afghan militants claimed on Saturday, in a rare clash between the rival Islamist groups inside Pakistan. Afghan Taliban sources told Reuters Maulvi Daud was killed on the outskirts of
Published 30 Apr, 2017 12:00am
Wathra''s three-year tenure has expired

Wathra''s three-year tenure has expired

The three-year tenure of State Bank governor expired or ended on Friday but the government has yet to extend his tenure or appoint a new governor. As per the SBP Act 1956, this post cannot be left vacant at any cost because it is a constitutional position
Published 30 Apr, 2017 12:00am
Wathra's three-year tenure has expired

Wathra's three-year tenure has expired

The three-year tenure of State Bank governor expired or ended on Friday but the government has yet to extend his tenure or appoint a new governor. As per the SBP Act 1956, this post cannot be left vacant at any cost because it is a constitutional position
Published 30 Apr, 2017 12:00am
Wathra's three-year tenure has expired

Wathra's three-year tenure has expired

The three-year tenure of State Bank governor expired or ended on Friday but the government has yet to extend his tenure or appoint a new governor. As per the SBP Act 1956, this post cannot be left vacant at any cost because it is a constitutional position
Published 30 Apr, 2017 12:00am
Panamagate case: NAB urges SC to form 'vibrant' team
Exchange

Panamagate case: NAB urges SC to form 'vibrant' team

The National Accountability Bureau (NAB) has suggested the Supreme Court of Pakistan in the Panama Papers case that the Panama Papers case could not be investigated by a single agency; therefore a vibrant investigation team should be formed. NAB has filed
Published 30 Apr, 2017 12:00am
Panamagate case: NAB urges SC to form 'vibrant' team
Exchange

Panamagate case: NAB urges SC to form 'vibrant' team

The National Accountability Bureau (NAB) has suggested the Supreme Court of Pakistan in the Panama Papers case that the Panama Papers case could not be investigated by a single agency; therefore a vibrant investigation team should be formed. NAB has filed
Published 30 Apr, 2017 12:00am
PBC seeks PM's resignation

PBC seeks PM's resignation

Convening a conference of legal fraternity in Islamabad on May 5, Pakistan Bar Council (PBC) on Saturday demanded the resignation of Prime Minister Nawaz Sharif in the wake of the Panama Papers case verdict. Vice-Chairman Pakistan Bar Council Muhammad Ahs
Published 30 Apr, 2017 12:00am
PBC seeks PM's resignation

PBC seeks PM's resignation

Convening a conference of legal fraternity in Islamabad on May 5, Pakistan Bar Council (PBC) on Saturday demanded the resignation of Prime Minister Nawaz Sharif in the wake of the Panama Papers case verdict. Vice-Chairman Pakistan Bar Council Muhammad Ahs
Published 30 Apr, 2017 12:00am
PPP, PTI back army's position

PPP, PTI back army's position

Pakistan Peoples Party (PPP) on Saturday announced that it supports the position of Pakistan Army on Dawn Leaks probe notification. After the government removed Tariq Fatemi from his post of Special Assistant to PM Nawaz on Foreign Affairs, army rejected
Published 30 Apr, 2017 12:00am
PPP, PTI back army's position

PPP, PTI back army's position

Pakistan Peoples Party (PPP) on Saturday announced that it supports the position of Pakistan Army on Dawn Leaks probe notification. After the government removed Tariq Fatemi from his post of Special Assistant to PM Nawaz on Foreign Affairs, army rejected
Published 30 Apr, 2017 12:00am
ISPR tweet 'poisonous' for democracy: Nisar

ISPR tweet 'poisonous' for democracy: Nisar

Interior Minister Chaudhry Nisar on Saturday declared ISPR tweet "poisonous for democracy". After the government removed Tariq Fatemi from his post through a notification issued by Secretary to the Prime Minister over Dawn leaks case, Pakistan Army reject
Published 30 Apr, 2017 12:00am
ISPR tweet 'poisonous' for democracy: Nisar

ISPR tweet 'poisonous' for democracy: Nisar

Interior Minister Chaudhry Nisar on Saturday declared ISPR tweet "poisonous for democracy". After the government removed Tariq Fatemi from his post through a notification issued by Secretary to the Prime Minister over Dawn leaks case, Pakistan Army reject
Published 30 Apr, 2017 12:00am
Another notification in the offing

Another notification in the offing

Interior Minister Chaudhry Nisar Ali Khan has said that interior ministry would issue a formal notification of Dawn Leaks strictly in accordance with inquiry committee's recommendations. He was addressing a news conference at Governor House Sindh here on
Published 30 Apr, 2017 12:00am
Another notification in the offing

Another notification in the offing

Interior Minister Chaudhry Nisar Ali Khan has said that interior ministry would issue a formal notification of Dawn Leaks strictly in accordance with inquiry committee's recommendations. He was addressing a news conference at Governor House Sindh here on
Published 30 Apr, 2017 12:00am
PM House notification rejected by army

PM House notification rejected by army

The PM's order signed by his Principal Secretary Fawad Hasan Fawad, one of the 12 identified as being in telephonic touch with Cyril Almeida by the enquiry committee - the author of the report published on 6 October 2016 - prompting the ISPR to reject the
Published 30 Apr, 2017 12:00am
PM House notification rejected by army

PM House notification rejected by army

The PM's order signed by his Principal Secretary Fawad Hasan Fawad, one of the 12 identified as being in telephonic touch with Cyril Almeida by the enquiry committee - the author of the report published on 6 October 2016 - prompting the ISPR to reject the
Published 30 Apr, 2017 12:00am
Trump marks tough first 100 days, facing sober realities

Trump marks tough first 100 days, facing sober realities

Donald Trump marked his 100th day in the White House on Saturday facing the sober realities of a presidency stamped by disruption, confusion and a struggle to convert campaign promises into tangible achievements. That hasn't stopped the president - who ha
Published 30 Apr, 2017 12:00am
Trump marks tough first 100 days, facing sober realities

Trump marks tough first 100 days, facing sober realities

Donald Trump marked his 100th day in the White House on Saturday facing the sober realities of a presidency stamped by disruption, confusion and a struggle to convert campaign promises into tangible achievements. That hasn't stopped the president - who ha
Published 30 Apr, 2017 12:00am
US to review trade pacts, looking at ''abuses''

US to review trade pacts, looking at ''abuses''

President Donald Trump will sign a decree Saturday ordering a review of "violations and abuses" of international trade pacts signed by the United States, including the 164-member World Trade Organisation, Commerce Secretary Wilbur Ross announced Friday.
Published 30 Apr, 2017 12:00am
US to review trade pacts, looking at 'abuses'

US to review trade pacts, looking at 'abuses'

President Donald Trump will sign a decree Saturday ordering a review of "violations and abuses" of international trade pacts signed by the United States, including the 164-member World Trade Organisation, Commerce Secretary Wilbur Ross announced Friday.
Published 30 Apr, 2017 12:00am
US to review trade pacts, looking at 'abuses'

US to review trade pacts, looking at 'abuses'

President Donald Trump will sign a decree Saturday ordering a review of "violations and abuses" of international trade pacts signed by the United States, including the 164-member World Trade Organisation, Commerce Secretary Wilbur Ross announced Friday.
Published 30 Apr, 2017 12:00am
Power sector: MoF to release Rs 120 billion to clear budgeted subsidy

Power sector: MoF to release Rs 120 billion to clear budgeted subsidy

Finance Ministry has reportedly agreed to release Rs 120 billion to clear budgeted subsidy allocated for the ongoing financial year 2016-17, well informed sources told Business Recorder. On Friday, Cabinet Committee on Energy (CCoE) headed by Prime
Published 30 Apr, 2017 12:00am
Power sector: MoF to release Rs 120 billion to clear budgeted subsidy

Power sector: MoF to release Rs 120 billion to clear budgeted subsidy

Finance Ministry has reportedly agreed to release Rs 120 billion to clear budgeted subsidy allocated for the ongoing financial year 2016-17, well informed sources told Business Recorder. On Friday, Cabinet Committee on Energy (CCoE) headed by Prime
Published 30 Apr, 2017 12:00am
Power sector: MoF to release Rs 120 billion to clear budgeted subsidy

Power sector: MoF to release Rs 120 billion to clear budgeted subsidy

Finance Ministry has reportedly agreed to release Rs 120 billion to clear budgeted subsidy allocated for the ongoing financial year 2016-17, well informed sources told Business Recorder. On Friday, Cabinet Committee on Energy (CCoE) headed by Prime
Published 30 Apr, 2017 12:00am
First Britain-China direct freight train arrives back in China

First Britain-China direct freight train arrives back in China

The first freight train to run from Britain to China arrived in the city of Yiwu in eastern China on Saturday, completing its 12,000-km (7,456-mile) journey. The train was greeted by traders and shipping company officials when it arrived at Yiwu West stat
Published 30 Apr, 2017 12:00am
First Britain-China direct freight train arrives back in China

First Britain-China direct freight train arrives back in China

The first freight train to run from Britain to China arrived in the city of Yiwu in eastern China on Saturday, completing its 12,000-km (7,456-mile) journey. The train was greeted by traders and shipping company officials when it arrived at Yiwu West stat
Published 30 Apr, 2017 12:00am
First Britain-China direct freight train arrives back in China

First Britain-China direct freight train arrives back in China

The first freight train to run from Britain to China arrived in the city of Yiwu in eastern China on Saturday, completing its 12,000-km (7,456-mile) journey. The train was greeted by traders and shipping company officials when it arrived at Yiwu West stat
Published 30 Apr, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (April 29, 2017) and the forecast for Sunday (April 30, 2017).

Published 30 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 29, 2017).

Published 30 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 29, 2017).

Published 30 Apr, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 29, 2017).

Published 30 Apr, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 29, 2017)

Published 30 Apr, 2017 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 29, 2017).

Published 30 Apr, 2017 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 29, 2017).

Published 30 Apr, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 29, 2017).

Published 30 Apr, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 29, 2017).

Published 30 Apr, 2017 12:00am
THE RUPEE: rising trend

THE RUPEE: rising trend

The rupee posted fresh gains against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee showed an improvement of 10 paisas in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, th
Published 30 Apr, 2017 12:00am
THE RUPEE: rising trend

THE RUPEE: rising trend

The rupee posted fresh gains against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee showed an improvement of 10 paisas in terms of the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, th
Published 30 Apr, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 29, 2017).

Published 30 Apr, 2017 12:00am
Chinese steel futures climb to three-week high
Exchange

Chinese steel futures climb to three-week high

Chinese steel futures jumped more than 4 percent to a three-week high on Friday amid expectations of a pickup in demand next month after a shaky start to what is typically a brisk consumption period. Steel's rally lifted futures for raw material iron ore,
Published 30 Apr, 2017 12:00am
CBOT soya futures lower on technical selling

CBOT soya futures lower on technical selling

Chicago Board of Trade soyabean futures ended lower on Friday on technical selling and spillover weakness from corn as forecasts called for drier US planting weather to follow heavy weekend rains, traders said. The CBOT July soyabean contract settled down
Published 30 Apr, 2017 12:00am
Coffee prices fall in Vietnam and Indonesia

Coffee prices fall in Vietnam and Indonesia

Coffee prices in Vietnam and Indonesia dropped this week following a tumble in London prices, traders said on Thursday. The London ICE July contract had shed 11.3 percent over the past week as of Wednesday's close, hitting a seven-and-a-half-month low on
Published 30 Apr, 2017 12:00am
US FOB Gulf soyabean offers firmer

US FOB Gulf soyabean offers firmer

Export premiums for soyabeans shipped from the US Gulf Coast were steady to firm on Friday, climbing with higher CIF barge basis values amid moderate demand for summertime shipments, traders said. Spot CIF soyabean basis bids hit a two-month peak on Frida
Published 30 Apr, 2017 12:00am
Hot weather hits Ivory Coast cocoa mid-crop

Hot weather hits Ivory Coast cocoa mid-crop

Light rain in most of Ivory Coast's main cocoa growing regions last week eased some farmers' fears of flooding but hot weather and humidity continued to threaten the quality of the cocoa mid-crop, farmers said on Monday. The mid-crop marketing season in I
Published 30 Apr, 2017 12:00am
US natural gas futures rise to three-week high

US natural gas futures rise to three-week high

US natural gas futures on Friday climbed to a three-week high on stagnant production, rising exports and forecasts for slightly cooler but still near normal weather through mid-May. Front-month gas futures rose 3.7 cents, or 1.1 percent, to settle at $3.2
Published 30 Apr, 2017 12:00am
Indian rice prices up, stable in Thailand and Vietnam

Indian rice prices up, stable in Thailand and Vietnam

Rice prices in India rose on a stronger rupee, while markets in Thailand and Vietnam remained quiet, traders said on Thursday. In India, the world's biggest rice exporter, prices for 5-percent broken parboiled rice rose by $3 to $387-$392 a tonne this wee
Published 30 Apr, 2017 12:00am
Listless business on cotton market
Cotton

Listless business on cotton market

A kind of dullness prevailed on the cotton market on Saturday as the mills showed less interest in new deals, dealers said. The official spot rate was unmoved at Rs 6700, they said. In ready session, not a single deal finalised due to less interest for fr
Published 30 Apr, 2017 12:00am
Indonesia's March palm oil output likely to rise
Vegetable Oil

Indonesia's March palm oil output likely to rise

Indonesia's crude palm oil (CPO) output likely rose in March after falling for the previous three months, as better weather improved output, a Reuters survey showed. CPO production in Indonesia, the world's top producer of the widely used cooking oil, lik
Published 30 Apr, 2017 12:00am
India's gold demand seen higher ahead of key festival

India's gold demand seen higher ahead of key festival

Demand for gold in India was seen higher ahead of an auspicious day for gold purchases on Friday compared to last year, with lower prices also acting as a catalyst. "Sentiment is very good in the market. Jewellers are reporting higher footfalls," Somasund
Published 30 Apr, 2017 12:00am
CBOT wheat futures higher on technical buying

CBOT wheat futures higher on technical buying

Chicago Board of Trade (CBOT) wheat futures closed higher on Friday on technical buying and worries that cold weather this weekend could threaten winter wheat in the US Plains, traders said. Most-active CBOT July wheat settled up 1 cent at $4.32-1/4 per b
Published 30 Apr, 2017 12:00am
Euronext wheat rises as weather stress on crops
Exchange

Euronext wheat rises as weather stress on crops

Euronext wheat rose on Friday as signs of weather stress on crops, brisk loading activity in France and the upcoming expiry of front-month futures supported prices ahead of a three-day holiday weekend. May milling wheat on the Paris-based exchange, the la
Published 30 Apr, 2017 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Friday, in a price correction for nearby contracts after a big run-up this month. Funds have evened their net position in the most-active July contract, so it no longer has support from technical buying, a trader said.
Published 30 Apr, 2017 12:00am
UBS books 'very strong' first quarter

UBS books 'very strong' first quarter

Swiss banking giant UBS said Friday that it booked "very strong first-quarter results", driven largely by its investment banking and wealth management activities. UBS said in a statement that net profit leapt 79 percent to 1.3 billion Swiss francs ($1.3 b
Published 30 Apr, 2017 12:00am
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