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Feb 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-05-21
Berkshire boosts American, Southwest airline bets; sheds Fox

Berkshire boosts American, Southwest airline bets; sheds Fox

Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox Inc. In a regulatory filing, Berkshire said that in the fir
Published 21 May, 2017 12:00am
Nisar suspends SO on charges of leaking information

Nisar suspends SO on charges of leaking information

Interior Minister Chaudhry Nisar Ali Khan on Saturday took serious notice of leaking of sensitive official information from Ministry of Interior and issued show cause notices to joint secretary, deputy secretary and section officer. An official said that
Published 21 May, 2017 12:00am
Symposium on academia-industry collaboration concludes

Symposium on academia-industry collaboration concludes

Two-Day Symposium on Academia-Industry Collaboration on Water Technologies Research concluded at Training Centre of Foreign Faculty Hostel, Mehran University of Engineering and Technology (MUET) Jamshoro. The two-day symposium was organized by the US-Paki
Published 21 May, 2017 12:00am
Pakistan to be among 25 big economies in 2025: Ahsan

Pakistan to be among 25 big economies in 2025: Ahsan

Terming political stability as an important factor for socio-economic uplift, Federal Minister for Planning, Development and Reforms, Professor Ahsan Iqbal on Saturday said Pakistan would be among the 25 big economies in 2025 provided political stability
Published 21 May, 2017 12:00am
Punjab rural ambulance service' inaugurated

Punjab rural ambulance service' inaugurated

Punjab Minister for Primary and Secondary Health Khawaja Imran Nazir on Saturday said that joint efforts of public and private sectors can bring revolution vis-a-vis provision of best basic health facilities to the masses.
Published 21 May, 2017 12:00am
Climate change, poor technique wreak havoc on crops: VC
Exchange

Climate change, poor technique wreak havoc on crops: VC

The shrinking profitability in agriculture sector, injudicious use of inputs, poor farming techniques, postharvest practices and effects of climate change on crops are not only making the sector incompatible with the rest of world but also aggravating the
Published 21 May, 2017 12:00am
LCCI, CNA sign MoU to enhance cooperation
Exchange

LCCI, CNA sign MoU to enhance cooperation

The Lahore Chamber of Commerce and Industry and CNA (an association SMEs and Artisans in Italy) signed a memorandum of understanding to strengthen mutual cooperation between the two organizations. The LCCI executive committee member, Khadim Hussain, and C
Published 21 May, 2017 12:00am
No investment made in Railways since WWII, says minister

No investment made in Railways since WWII, says minister

The Pakistan Railways may increase its role as regulator so that the process of providing travelling facilities to passengers can be made easy, fast and comprehensive. After the World War II, no investment and value addition has happened in Railways in ou
Published 21 May, 2017 12:00am
Imran to address gathering in Muzaffargarh: Khar

Imran to address gathering in Muzaffargarh: Khar

Former governor Punjab Ghulam Mustafa Khar said on Saturday that Pakistan Tehreek-e-Insaf chairman Imran Khan will visit his house after Eid and will address a public gathering in Muzafargarh. While talking the journalists at Meet the Press in Lahore Pres
Published 21 May, 2017 12:00am
Transparent policy hallmark of Punjab government: Shahbaz

Transparent policy hallmark of Punjab government: Shahbaz

Chief Minister Punjab Shehbaz Sharif has said that the Punjab government has promoted corruption free culture by completing development projects following a transparent policy throughout the province. Talking to a delegation of elected representatives of
Published 21 May, 2017 12:00am
31 Ramazan Bazaars to be set up across Lahore

31 Ramazan Bazaars to be set up across Lahore

The Deputy Commissioner Lahore and Lord Mayor and other allied departments have given a final shape to all arrangements to set up 31 Ramadan Bazaars in the provincial metropolis. These Bazaars will be functional by 24 May 2017. Deputy Commissioner Sami Ah
Published 21 May, 2017 12:00am
TDAP organises awareness seminar on REX system

TDAP organises awareness seminar on REX system

A special cell will be created in Faisalabad Chamber of Commerce and Industry (FCCI) to familiarize local exporters with recently introduced Registered Exporter System (REX) in order to facilitate the Pak exports to EU countries under GSP Plus scheme, sai
Published 21 May, 2017 12:00am
LRMIS generating over Rs 700 million revenue per month: PLRA DG

LRMIS generating over Rs 700 million revenue per month: PLRA DG

Captain Zafar Iqbal (Retd), Director General of Punjab Land Records Authority (PLRA), said on Saturday that Land Record Management Information System (LRMIS) is generating revenue of more than 700 million rupees on average per month through issuance of tw
Published 21 May, 2017 12:00am
Training of public transport drivers begins

Training of public transport drivers begins

The Lahore Transport Company (LTC) has organised a training program at RA Bazar for high occupancy vehicle (buses) drivers, fare collectors and related staff in connection with operations of buses which are being plied on various routes. The LTC has kicke
Published 21 May, 2017 12:00am
Khalid Latif boycotts spot-fixing hearing

Khalid Latif boycotts spot-fixing hearing

Former Pakistan opener Khalid Latif on Saturday boycotted the proceedings of a spot fixing hearing after a tribunal refused to give him a copy of his recorded interview. The 31-year-old batsman stands accused of attempting to spot-fix, accepting an offer
Published 21 May, 2017 12:00am
Djokovic ousts Del Potro to seal Thiem semi in Rome

Djokovic ousts Del Potro to seal Thiem semi in Rome

Serbia's Novak Djokovic, the second seed, cruised into the semi-finals of the Rome Masters Saturday after a rain-interrupted 6-1, 6-4 win over Juan del Potro. Djokovic, the second seed and the only former Masters winner remaining in the draw, will now fac
Published 21 May, 2017 12:00am
Icardi in, Aguero out for Argentina

Icardi in, Aguero out for Argentina

Lionel Messi will spearhead Argentina's attack against arch-rivals Brazil next month but there was no place in the squad for Manchester City striker Sergio Aguero. Inter Milan forward Mauro Icardi replaces Aguero in a squad believed to have been chosen by
Published 21 May, 2017 12:00am
Canada sink Russia to reach world ice hockey final

Canada sink Russia to reach world ice hockey final

Holders Canada sealed their place in the ice hockey world championship final with a dramatic 4-2 comeback victory over fellow heavyweights Russia in Saturday's semi-final in Cologne. The Canadians will bid for a third successive title against Sweden or Fi
Published 21 May, 2017 12:00am
Zverev becomes youngest Masters finalist in 10 years

Zverev becomes youngest Masters finalist in 10 years

Germany's Alexander Zverev became the youngest player in a decade to reach a Masters final when he clinched a gutsy 6-4, 6-7 (5/7), 6-1 win over big-serving American John Isner in Rome on Saturday. Zverev, 20, will meet either four-time winner Novak Djoko
Published 21 May, 2017 12:00am
Halep reaches final

Halep reaches final

Romania's Simona Halep reached her first final in the WTA event at the Rome Masters on Saturday after sweeping Dutchwoman Kiki Bertens 7-5, 6-1 in their semi-final clash. Halep, the number six seed who reached the semi-finals in the Italian capital in 201
Published 21 May, 2017 12:00am
West Indies hand Beaton debut in Afghanistan series

West Indies hand Beaton debut in Afghanistan series

West Indies on Friday called up uncapped fast bowler Ronsford Beaton into their 13-man squad to face Afghanistan in a three-match Twenty20 series next month. The tall 24-year-old fast bowler has so far played 36 T20 matches, with 31 wickets including best
Published 21 May, 2017 12:00am
Ton-up De Kock leads South Africa to opening win

Ton-up De Kock leads South Africa to opening win

Quinton de Kock scored 104 as South Africa swept past Sussex by 66 runs in the opening one-day match of their England tour on Friday. In a match reduced to 32 overs because of rain, De Kock scored 104 off 78 balls while Wayne Parnell and JP Duminy struck
Published 21 May, 2017 12:00am
Title Madrid's to lose: Zidane

Title Madrid's to lose: Zidane

Real Madrid have all they can ask for with just one La Liga game of the season to go and that is the destiny of the title in their own hands, coach Zinedine Zidane said on Saturday. Madrid lead Barcelona by three points at the top of the table and just ne
Published 21 May, 2017 12:00am
N'Dam takes WBA title

N'Dam takes WBA title

France's Hassan N'Dam won a controversial split decision over Japan's Ryota Murata to capture the vacant WBA middleweight title on Saturday. Murata, the 2012 Olympic gold medallist, appeared to dominate the fight in Tokyo, flooring the interim champ in th
Published 21 May, 2017 12:00am
Motorcycling Vinales on pole in Yamaha hat-trick

Motorcycling Vinales on pole in Yamaha hat-trick

Spain's Maverick Vinales ensured a Yamaha lock-out at the front of the grid for Sunday's French MotoGP after pipping championship leader Valentino Rossi to pole position at Le Mans. Italian veteran Rossi and Vinales, 22, are attempting to reassert control
Published 21 May, 2017 12:00am
Aubameyang brace fires Dortmund into Champions League

Aubameyang brace fires Dortmund into Champions League

Pierre-Emerick Aubameyang scored twice in Borussia Dortmund's 4-3 win over Werder Bremen on Saturday to finish as the Bundesliga's top-scorer and seal his side's direct Champions League place on a dramatic final day of the season. Aubameyang finished with
Published 21 May, 2017 12:00am
Winter Games chief shrugs off Korean tensions

Winter Games chief shrugs off Korean tensions

Military tensions on the Korean peninsula should not prevent the nuclear-armed North sending a team to the 2018 Winter Olympics in the South, according to the head of the Games organising committee Lee Hee-Beom. The former diplomat and trade minister also
Published 21 May, 2017 12:00am
Sri Lanka offers fresh probes into missing thousands

Sri Lanka offers fresh probes into missing thousands

Sri Lanka's President announced Saturday new investigations into alleged secret detention centres as part of a drive to find tens of thousands of people still missing after the country's decades-long war. Maithripala Sirisena said he would establish a mec
Published 21 May, 2017 12:00am
Varadkar set to succeed Kenny as new Irish PM

Varadkar set to succeed Kenny as new Irish PM

Leo Varadkar was the clear favourite to succeed Enda Kenny as Ireland's prime minister Saturday as nominations closed for the leadership of the governing centre-right Fine Gael party. Kenny announced this week he would be stepping down after six years as
Published 21 May, 2017 12:00am
Virtual reality, gritty thriller bring migrants' plight to Cannes

Virtual reality, gritty thriller bring migrants' plight to Cannes

A helicopter whirs overhead and police take aim from the shadows. You must choose in an instant to join the terrified migrants hiding in the desert or the ones running for their lives. Mexican Oscar-winner Alejandro Gonzalez Inarritu has brought a harrowi
Published 21 May, 2017 12:00am
Five killed in Indonesia boat fire

Five killed in Indonesia boat fire

At least five people were killed when a boat carrying nearly 200 people caught fire in Indonesia, rescuers said Saturday. The vessel caught fire on Friday afternoon in the waters off the archipelago's main Java island, prompting the captain to order peopl
Published 21 May, 2017 12:00am
Long Asia FX positions rise as US political woes dampen dollar

Long Asia FX positions rise as US political woes dampen dollar

Investors raised their long positions in some Asian currencies compared with two weeks ago, a Reuters poll showed on Thursday, after the dollar was bruised by political turmoil in Washington and softer-than-expected economic data. Long positions in the Ch
Published 21 May, 2017 12:00am
South African rand to remain resilient in short term

South African rand to remain resilient in short term

South Africa's rand will remain resilient in the short term in the absence of policy surprises and further downgrades, but the currency will weaken towards a December conference of the ruling African National Congress, a Reuters poll showed. The poll of u
Published 21 May, 2017 12:00am
Euro net longs hit largest in more than three years
Exchange

Euro net longs hit largest in more than three years

Net long positioning on the euro rose to its highest in more than three years, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. Euro net long contracts for the week ended May 16 were at 37,604, the lar
Published 21 May, 2017 12:00am
Norway currency moves impacted by oil market uncertainty

Norway currency moves impacted by oil market uncertainty

The recent volatility of the Norwegian crown currency has been particularly influenced by uncertainty in the market for crude oil, Norway's central bank governor told reporters on the sidelines of a hearing in parliament on Monday. "While the crown rose s
Published 21 May, 2017 12:00am
Dollar has worst week in over a year amid political uncertainty

Dollar has worst week in over a year amid political uncertainty

The US dollar fell on Friday, adding to its worst week since April 2016 against a basket of major currencies, and having surrendered the gains made since Donald Trump was elected US president. The dollar index, which tracks the greenback against a basket
Published 21 May, 2017 12:00am
Canadian dollar posts 3-1/2-week high, bearish bets hit record

Canadian dollar posts 3-1/2-week high, bearish bets hit record

The Canadian dollar strengthened on Friday to a 3-1/2-week high against its broadly weaker US counterpart, supported in part by higher oil prices and by investors who had sold the Canadian dollar buying it back to reduce their exposure to the currency. Sp
Published 21 May, 2017 12:00am
Retail FX volumes dip, FXCM squeeze deepens
Exchange

Retail FX volumes dip, FXCM squeeze deepens

Foreign exchange trading through online retail brokers fell by just over 3 percent in the first quarter of 2017, driven chiefly by a fall-off for the massive Japanese firms who dominate the global trade, industry data showed on Wednesday. The data from in
Published 21 May, 2017 12:00am
Venezuela to launch Dicom forex auction system
Exchange

Venezuela to launch Dicom forex auction system

Venezuela will launch a foreign exchange auction system called Dicom on May 23, President Nicolas Maduro said in a televised broadcast on Tuesday, in an apparent revival of a plan that was announced a year ago but was never put in place. Venezuela maintai
Published 21 May, 2017 12:00am
TSX rises, energy leads broad rally as oil climbs
Exchange

TSX rises, energy leads broad rally as oil climbs

Canada's main stock index rose on Friday, extending its rebound from a 5-month low set intraday the day before, with energy shares leading a broad-based rally ahead of the Victoria Day holiday long weekend as oil prices rose. The Toronto Stock Exchange's
Published 21 May, 2017 12:00am
MSCI reversal wipes $533 million off value of China's Meitu

MSCI reversal wipes $533 million off value of China's Meitu

China's Meitu Inc had HK$4.15 billion ($533 million) wiped off its market value on Wednesday after index operator MSCI reversed a decision to include the selfie app maker in the MSCI China Index. Meitu's Hong Kong-listed shares dived by as much as 10 perc
Published 21 May, 2017 12:00am
Investors pull cash from US stock funds for third week

Investors pull cash from US stock funds for third week

US fund investors pivoted from domestic stocks to bonds and international equities during the latest week, Lipper data showed on Thursday, amid upheaval for the Trump administration and fears that Washington will not enact market-boosting policies. Invest
Published 21 May, 2017 12:00am
Investors pull cash from US stock funds for third week

Investors pull cash from US stock funds for third week

US fund investors pivoted from domestic stocks to bonds and international equities during the latest week, Lipper data showed on Thursday, amid upheaval for the Trump administration and fears that Washington will not enact market-boosting policies. Invest
Published 21 May, 2017 12:00am
Euro stocks in demand, global equity bull run not over

Euro stocks in demand, global equity bull run not over

Investors have deepened their love affair with euro zone stocks and pushed allocations to two-year highs - the third-highest on record - while buoyant company earnings signal an extension of the global equity bull run, a survey showed on Tuesday. The late
Published 21 May, 2017 12:00am
Major Brazil funds hit by market turmoil as scandal threatens Temer

Major Brazil funds hit by market turmoil as scandal threatens Temer

Brazilian financial markets were blindsided this week by a graft scandal threatening to topple President Michel Temer, burning local hedge funds betting on an economic recovery as many suffered their worst one-day losses in at least a decade. Cross-asset
Published 21 May, 2017 12:00am
Major Brazil funds hit by market turmoil as scandal threatens Temer

Major Brazil funds hit by market turmoil as scandal threatens Temer

Brazilian financial markets were blindsided this week by a graft scandal threatening to topple President Michel Temer, burning local hedge funds betting on an economic recovery as many suffered their worst one-day losses in at least a decade. Cross-asset
Published 21 May, 2017 12:00am
Hong Kong, China regulators approve bond trading link
Exchange

Hong Kong, China regulators approve bond trading link

In another step to open up China's capital markets, Hong Kong and Chinese regulators formally approved a long-awaited scheme to connect China's $9 trillion bond market with overseas investors. The so-called Bond Connect programme has been in the works sin
Published 21 May, 2017 12:00am
Rice prices hit multi-month high in Thailand and Vietnam

Rice prices hit multi-month high in Thailand and Vietnam

Rice prices hit multi-month peak in Thailand and Vietnam this week on export prospects, while high rates in India kept buyers at bay, traders said on Thursday. Thai benchmark 5-percent broken rice rose this week to $385-$411 a tonne, free-on-board (FOB) B
Published 21 May, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (May 20, 2017) and the forecast for Sunday (May 21, 2017).

Published 21 May, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 20, 2017).

Published 21 May, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 20, 2017).

Published 21 May, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 20, 2017)

Published 21 May, 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 (May 20, 2017).

Published 21 May, 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 (May 20, 2017).

Published 21 May, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 20, 2017).

Published 21 May, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 20, 2017).

Published 21 May, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee firmly held the overnight levels versus the dollar on Saturday in the process of trading, dealers said. The State Bank of Pakistan (SBP) in its Monetary Policy kept the policy rate unchanged at 5.75 percent. The rupee was unchanged against the d
Published 21 May, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee firmly held the overnight levels versus the dollar on Saturday in the process of trading, dealers said. The State Bank of Pakistan (SBP) in its Monetary Policy kept the policy rate unchanged at 5.75 percent. The rupee was unchanged against the d
Published 21 May, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 20, 2017).

Published 21 May, 2017 12:00am
Asia's naphtha crack hits five-month low

Asia's naphtha crack hits five-month low

Asia's naphtha crack spread hit a five-month low on Thursday at $56.90 a tonne, as still muted spot demand from South Korea, Asia's top regional importer by volume, and higher supplies weighed. Western cargoes, including from Europe and the Mediterranean,
Published 21 May, 2017 12:00am
US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

Spot basis bids for corn and soyabeans were mostly steady to narrowly higher in the US Midwest on Thursday, underpinned by steep declines in futures that kept farmer sales to a minimum, grain merchants said. Corn bids gained at several terminals along Mid
Published 21 May, 2017 12:00am
Rains may delay Argentine soya harvest
Exchange

Rains may delay Argentine soya harvest

Rains expected in the coming week in Argentina could delay soya harvesting in some areas and threaten to reduce yields, the Buenos Aires Grains Exchange said in a report on Thursday. A week after raising its 2016/17 soya crop estimate to 57.5 million tonn
Published 21 May, 2017 12:00am
China becomes world's largest tea producer

China becomes world's largest tea producer

China has become the world's biggest producer and consumer of tea, said the country's minister of agriculture, Han Changfu, at the opening ceremony of the First China International Tea Expo. China produced more than 2.4 million tons of tea in 2016, with a
Published 21 May, 2017 12:00am
Indonesian coffee discounts narrow; Vietnam's market quiet

Indonesian coffee discounts narrow; Vietnam's market quiet

Coffee market in Vietnam was slow as bid-ask spreads were wide, resulting in several unmatched orders, while discounts in Indonesia narrowed after a holiday, traders said on Thursday. Exporters quoted the 5 percent black and broken grade 2 robusta in Viet
Published 21 May, 2017 12:00am
EU rapeseed crop looking good despite drought

EU rapeseed crop looking good despite drought

Rapeseed crops in the European Union's largest producers are in reasonable condition despite the double blows of drought and late spring frosts, experts said on Thursday. A question mark remains over crops in the third largest producer, Poland, where fros
Published 21 May, 2017 12:00am
Chinese city of Changsha restricts housing purchases

Chinese city of Changsha restricts housing purchases

The central city of Changsha on Saturday became the latest place in China to restrict housing purchases in an effort to try to cool the property market, the state news agency Xinhua reported. From Saturday, residents of Changsha, in Hunan province, will b
Published 21 May, 2017 12:00am
German minister backs NAFTA, urges US support

German minister backs NAFTA, urges US support

Germany's foreign minister voiced support for the North American Free Trade Agreement (NAFTA) during a visit to Mexico on Friday, giving a diplomatic boost to the country ahead of its renegotiation of the accord with the Trump administration. US President
Published 21 May, 2017 12:00am
Saudi Arabia says comfortable with 2017 budget deficit

Saudi Arabia says comfortable with 2017 budget deficit

The Saudi government is comfortable with this year's budget deficit, the country's finance minister said on Saturday, adding that authorities may slow austerity measures slightly in line with recommendations by the International Monetary Fund (IMF). Saudi
Published 21 May, 2017 12:00am
Freeport Indonesia workers to strike for second month

Freeport Indonesia workers to strike for second month

An estimated 9,000 workers at the giant Grasberg copper mine operated by the Indonesian unit of Freeport McMoRan Inc will extend a strike for a second month, a union official said on Saturday, in an ongoing dispute over employment terms and layoffs.
Published 21 May, 2017 12:00am
Rare Apple-I fetches less than expected at German auction

Rare Apple-I fetches less than expected at German auction

A rare working Apple-1, the first computer produced by Steve Jobs' world-beater-to-be company four decades ago, sold for less than expected at auction in Germany on Saturday. One of only eight working models in the world, the machine fetched 110,000 euros
Published 21 May, 2017 12:00am
Canada to be 'firm' in trade conflicts with US: Trudeau

Canada to be 'firm' in trade conflicts with US: Trudeau

Prime Minister Justin Trudeau vowed a "firm" and unwavering defense of Canadian interests in the face of US trade attacks, he said Friday. "We're going to continue to work very, very hard to defend Canada's interests," he said. In late April, the United S
Published 21 May, 2017 12:00am
Wells Fargo's suffers slump in muni bond underwriting

Wells Fargo's suffers slump in muni bond underwriting

Wells Fargo & Co is paying a price in the US municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. So far in 2017, Wells Fargo is in
Published 21 May, 2017 12:00am
Wells Fargo's suffers slump in muni bond underwriting

Wells Fargo's suffers slump in muni bond underwriting

Wells Fargo & Co is paying a price in the US municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. So far in 2017, Wells Fargo is in
Published 21 May, 2017 12:00am
Trump's trade negotiator makes Asia debut at Apec talks

Trump's trade negotiator makes Asia debut at Apec talks

Donald Trump's new pointman on trade met Asia-Pacific trade ministers in Hanoi on Saturday as Washington reverses gear on sprawling free trade pacts in favour of one-to-one deals. With his tough rhetoric on winning back American jobs, President Trump's el
Published 21 May, 2017 12:00am
China's Q2 GDP growth seen at around 6.8 percent

China's Q2 GDP growth seen at around 6.8 percent

China's economy will likely expand around 6.8 percent in the second quarter of 2017, the State Information Center said in an article published in the state-owned China Securities Journal on Saturday. The State Information Center is an official think tank
Published 21 May, 2017 12:00am
European gasoline margins slip as crude prices rise
Exchange

European gasoline margins slip as crude prices rise

Gasoline benchmark refining margins in northwest Europe slipped on Thursday as inventories of the fuel rose within the past week and crude prices continued their rise. Gasoline stocks at Europe's ARA hub rose to 1.046 million tonnes from the prior week's
Published 21 May, 2017 12:00am
USDA sees record global 2017-18 sugar output

USDA sees record global 2017-18 sugar output

The US government forecast on Thursday that world sugar production would rise to a record in the 2017/18 marketing year but that stocks will fall on lower inventories in China and Mexico. Global sugar output was pegged at 180 million tonnes, on higher out
Published 21 May, 2017 12:00am
CBOT soyabean futures down

CBOT soyabean futures down

Chicago Board of Trade soyabean futures fell more than 3 percent on Thursday as Brazil's currency plunged, raising expectations that Brazilian farmers would increase sales of their record-large soya crop, traders said. CBOT July soyabeans settled at $9.44
Published 21 May, 2017 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot basis bids for hard red winter wheat (HRW) were steady in the southern US Plains on Thursday and farmer selling was subdued as storms crossed the region, grain merchandisers said. Widespread showers were forecast across the HRW wheat belt through Sat
Published 21 May, 2017 12:00am
Palm oil eases on European vegoils market
Vegetable Oil

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Thursday, tracking weaker CBOT soyaoil and because of some profit taking in Malaysian palm oil futures. Asking prices for palm oil were offered between unchanged and $10 a tonne down from Wednesday a
Published 21 May, 2017 12:00am
Indonesia's April palm oil output to fall
Vegetable Oil

Indonesia's April palm oil output to fall

Indonesia's crude palm oil (CPO) output likely to fall in April, while both exports and domestic consumption likely to rise, a Reuters survey showed. CPO production in Indonesia, the world's top producer of the vegetable oil, likely fell to 2.90 million t
Published 21 May, 2017 12:00am
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