Armed men kidnapped two Chinese language teachers in Quetta on Wednesday, provincial officials said. China's ambassador to Pakistan and other officials have urged Islamabad to improve security, especially in the province of Balochistan, where China is bui
Armed men kidnapped two Chinese language teachers in Quetta on Wednesday, provincial officials said. China's ambassador to Pakistan and other officials have urged Islamabad to improve security, especially in the province of Balochistan, where China is bui
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
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
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,995. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.957 billion and the number of lots traded was 9,785. Major business was contributed by gol
Spot basis bids for hard red winter wheat were steady in the southern US Plains on Tuesday, and farmer selling was quiet following scattered rains in the region, merchandisers said. The Texas winter wheat crop was 20 percent harvested by Sunday, ahead of
European wheat futures in Paris dropped on Tuesday in thin volumes, pressured by weaker Chicago prices and a strong euro. December milling wheat on the Paris-based Euronext exchange was down 0.50 euro or 0.3 percent at 171.25 euros a tonne at 1601 GMT. Th
Brazilian sugar exports to China could fall around 800,000 tonnes in the next 12 months as a result of higher import tariffs imposed by the Chinese government, local sugar industry group Unica said on Monday. Unica's director, Eduardo Leo, said China's de
US natural gas futures fell on Tuesday, hurt by milder weather forecasts and lower demand next week as well as small, but steady increases in production. Front-month gas futures fell 11.1 cents, or 3.3 percent, to settle at $3.219 per million British ther
The Karachi Port handled 91,236 tonnes of cargo comprising 64,972 tonnes of import cargo and 26,264 tonnes of export cargo including 2,706 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 64
Trade activity came down on the cotton market on Wednesday owing to less buying interest, dealers said. The official spot rate was unchanged at Rs 6750, they said. In the ready session, 2000 bales of cotton sold at Rs 6900 and another deal of 200 bales fr
The Philippines, one of the world's top rice buyers, will issue a tender to import 250,000 tonnes of the grain next month, to boost low stockpiles before the lean harvest season and to offset potential crop damage during the typhoon season. The tender is
US environmental regulators on Tuesday filed a lawsuit against automaker Fiat Chrysler, accusing the company of installing devices on its trucks that hid harmful emissions during testing. The company kept the software's existence from regulators during th
Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey found, showing guarded optimism in a nascent export-led economic recovery. The Reuters' monthly poll - which
The European Central Bank said Wednesday that stress in the eurozone financial system had remained low over the past six months, but it warned of "significant" risks to that stability. "Risks to financial stability stemming from financial markets remain s
France's jobless total dropped the most in eight months in April with the number of people seeking work falling by 1 percent from the previous month, Labour Ministry data showed on Wednesday. The number of registered jobseekers in mainland France fell by
The renewable energy sector employed 9.8 million people worldwide in 2016, marking a sharp increase from 2012, the Abu Dhabi-based International Renewable Energy Agency said on Wednesday. In its "Renewable Energy and Jobs - Annual Review 2017", IRENA says
East Africa's smallest country Djibouti took a step towards realising its dream of becoming a continental maritime cargo hub with the inauguration of its newest and largest port on Wednesday. The $590 million (527.5 million euro) facility is part of an in
Iran has signed a contract worth more than 550 million euros ($615 million) with Spain's Tubacex to buy corrosion resistant alloy (CRA) pipes for its oil industry, the oil ministry's news agency reported on Wednesday. The contract was signed with Iran's F
Visiting German Foreign Minister Sigmar Gabriel urged China Wednesday to improve market access for European Union firms seeking to invest there. He was speaking after talks with his counterpart Wang Yi, a week before an EU-China summit in Brussels. The EU
Chinese auto giant Geely on Wednesday stepped up its global expansion drive with a 49.9 percent stake in Malaysia's troubled Proton as well as a 51 percent share in British sports car brand Lotus. The deal would allow the automaker to "strengthen our glob
US home resales fell from a more than 10-year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers. Despite the stumble, the housing market remains on solid ground as t
Major Gulf stock markets weakened on Wednesday, with amusement park operator DXB Entertainments (DXBE) continuing to drag down Dubai while banking shares lifted Egypt in the wake of Sunday's interest rate hike. DXB Entertainments slid by 3.1 percent to 0.
Sri Lankan shares edged up from a one-week low on Wednesday as foreign investors bought shares in blue chips such as John Keells Holdings PLC, with turnover hitting a 5-week high. The Colombo stock index ended 0.32 percent firmer at 6,711.67, from its low
Tokyo stocks rose Wednesday as a cheaper yen boosted hopes for Japan Inc's profits. The benchmark Nikkei 225 index advanced 0.66 percent, or 129.70 points, to end the day at 19,742.98. The Topix index of all first-section shares gained 0.63 percent, or 9.
US stocks were modestly higher early on Wednesday afternoon, aiming for a fifth straight day of gains, ahead of the minutes of the Federal Reserve's latest meeting that could cement the chances of a widely expected interest rate hike next month. US intere
Wall Street ended higher on Tuesday after the release of President Donald Trump's budget plan but gains were tempered by declines in consumer discretionary stocks amid weakness in auto-parts companies. While Tuesday's economic data was weak, investors wer
Hong Kong stocks rose for a fourth day on Wednesday to a fresh 22-month high, shrugging off Moody's downgrade of China's soveriegn credit rating. The Hang Seng index ended up 0.1 percent at 25,428.50 points, while the China Enterprises Index was unchanged
US Treasury yields rose on Tuesday as some investors pared bond positions to make room for this week's federal and corporate supply while others reduced safe-haven bond holdings in favour of stocks. Some traders also turned cautious ahead of the release o
US Treasury yields rose on Tuesday as some investors pared bond positions to make room for this week's federal and corporate supply while others reduced safe-haven bond holdings in favour of stocks. Some traders also turned cautious ahead of the release o
India's main NSE index posted its fourth session of losses in five on Wednesday as investors were unnerved by border tensions with Pakistan and on the expiry of derivatives contracts this week. The broader NSE index closed 0.27 percent lower at 9,360.55,
China's main stock indexes recouped earlier losses to end roughly flat on Wednesday, as strong gains in small-caps partially offset Moody's downgrading of China's debt ratings. The blue-chip CSI300 index was unchanged at 3,424.17 points, while the Shangha
European shares, stuck just below 21-month highs for more than a week, struggled to gain momentum on Wednesday, with strength in banks and big oil majors offset by weakness in miners and autos. The pan-European STOXX 600 index ended up 0.1 percent. Among
Most Southeast Asian stock markets shrugged off Moody's downgrade of its sovereign credit rating on China to edge up on Wednesday, focusing instead on what the minutes of a US Federal Reserve meeting would say on its rate hike trajectory. The minutes of t
UK blue chip stocks rose on Wednesday, helped by gains in Marks & Spencer after its solid results and by advances in energy stocks, although weaker miners kept a lid on the British market. The FTSE rose 0.4 percent to 7,514.90 points, while the mid-cap FT
The dollar held firm on Wednesday, having rebounded from 6-1/2-month lows against its major peers helped by a rise in US Treasury yields, while the yuan eased after Moody's cut its sovereign rating on China due to concerns over the country's soaring debt.
The dollar stayed pinned near 6-1/2-month lows on Wednesday, investors' focus shifting from US politics to monetary policy after comments from a Federal Reserve official rekindled expectations of an interest rate hike next month. Diminishing expectations
The dollar hovered just above 6-1/2-month lows on Wednesday, as investors' focus shifted from US politics to monetary policy ahead of the release of the minutes of the US Federal Reserve's meeting in early May. The dollar index, which tracks the greenback
The dollar rose on Tuesday from recent lows as traders bet on a US interest rate hike in June and awaited Wednesday's release of the minutes of the US Federal Reserve's meeting in early May. The dollar index, which tracks the greenback against six major r
China's yuan eased against the US dollar on Wednesday on some corporate demand for the greenback, while traders shrugged off rating agency Moody's decision to cut its sovereign rating on China. Moody's Investors Service downgraded China's long-term local
Asian currencies weakened on Wednesday as an unexpected downgrade of China's debt rating by Moody's hit sentiment, and dealers awaited the release later in the global day of minutes from this month's US Federal Reserve policy meeting. Moody's Investors Se
The Sri Lankan rupee closed lower on Wednesday on higher demand for dollars from importers, but selling of the US currency by state-run banks capped losses, traders said. Rupee forwards were active, with spot-next forwards closing at 152.90/153.00 per dol
Britain's pound recovered a foothold on Wednesday after this week's fall from 8-month highs, with traders eyeing US Federal Reserve minutes later in the day for fresh direction with campaigning for June elections suspended. Opinion polls at the start of t
The Australian dollar drifted lower on Wednesday following a downgrade in China's sovereign ratings and a weak domestic construction report, while its New Zealand counterpart held its ground after solid data at home. The Australian dollar eased to $0.7460
Ghanaian international midfielder Christian Atsu's performances for Newcastle United in regaining their Premier League status earned him a permanent move from champions Chelsea on Wednesday. The 25-year-old - who scored five goals in 32 Championship appea
Champions Chelsea cancelled Sunday's Premier League victory parade saying it was "inappropriate" after the Manchester suicide bombing that left 22 dead and more than 60 wounded. "Everyone associated with Chelsea Football Club offers our heartfelt condolen
Defiant Chelsea captain John Terry on Wednesday brushed off criticism of his controversial farewell substitution at Stamford Bridge which caused a furore in the English media. The 36-year-old central defender - who will leave Chelsea in the close season a
Spain's Supreme Court on Wednesday confirmed a 21-month jail sentence and 2.09-million-euro ($2.25 million) fine imposed on Lionel Messi for tax fraud, months after the Barcelona football star lodged an appeal. The Argentina international and his father J
Islamabad United coach Dean Jones on Wednesday testified at a tribunal hearing spot-fixing charges against Sharjeel Khan, saying two dot balls played by the batsman during a Pakistan Super League match were not suspicious from a cricketing perspective. Th
Veteran batsman Ed Joyce is to focus solely on his international career with Ireland after his side Sussex said he is retiring from county cricket. The 38-year-old, who has scored over 8,000 first-class runs at an average 49.39 since joining Sussex from M
In order to promote sports and health society, Lahore Development Authority has decided to construct 12 sports complexes in 11 National Assembly constituencies of district Lahore. LDA has started implementation work on the project by inviting applications
New Zealand's legendary All Blacks were awarded Spain's top sports prize Wednesday for being "an example of racial and cultural integration". The team famed for performing the haka war dance derived from New Zealand's indigenous Maori and for fielding rug
Indian skipper Virat Kohli said Wednesday his side would be ruthless in defending their Champions Trophy title next month, describing the competition as tougher even than the World Cup. India won the last Champions Trophy in 2013 and head into June's tour
President Emmanuel Macron wants a sixth extension of France's state of emergency since the Paris attacks of November 2015, his prime minister said Wednesday, adding that the terror threat "remains very high". The new president, elected on May 7, also want
At least 25,000 people massed in Brasilia on Wednesday to demand new elections and an end to austerity reforms in a protest fueled by anger over a corruption scandal swirling around President Michel Temer. Organized by leftist groups and trade unions, the
Britain raced Wednesday to track down a jihadist network suspected to have orchestrated the Manchester concert bombing, as soldiers fanned out to guard key sites under a maximum terror alert. Investigators were trying to piece together the last movements
President Robert Mugabe's daughter Bona Chikore has been appointed to the Zimbabwe board of censors, state media reported Wednesday, the latest family member to take up an official role. The board "faces the colossal task of regulating public entertainmen
Amazon co-founder Jeff Bezos is giving $1 million to the Reporters Committee for Freedom of the Press, the largest-ever gift to the media rights watchdog. The gift from Bezos, who also owns the Washington Post newspaper, was announced at the organization'
Amazon co-founder Jeff Bezos is giving $1 million to the Reporters Committee for Freedom of the Press, the largest-ever gift to the media rights watchdog. The gift from Bezos, who also owns the Washington Post newspaper, was announced at the organization'
A plane veered off the runway at Hong Kong airport Wednesday after heavy rain lashed the area, forcing the temporary closure of the airstrip and delaying scores of flights. The China Eastern Airlines flight from Nanjing, which had 141 people on board, ski
President John Magufuli fired Tanzania's mines minister on Wednesday after a government report found minerals exports had been understated, causing a loss in tax revenue. Mining minister Sospeter Muhongo, a friend and ally of the president, was dismissed
At least 20 migrants including young children drowned on Wednesday when they fell off an overloaded vessel in the Mediterranean, the Italian coastguard and a humanitarian worker said. "There's a critical situation today. About 200 people fell into the wat
Taiwan's top court ruled in favour of gay marriage Wednesday, a landmark decision that paves the way for the island to become the first place in Asia to legalise same-sex unions. Crowds of supporters cheered, hugged and wept as the court said current laws
Rights groups accused Sri Lankan police Wednesday of failing to stop a wave of hate crimes against Muslim businesses and mosques in the Buddhist-majority country. Police are yet to make any arrests in connection with more than a dozen arson attacks agains
Algerian President Abdelaziz Bouteflika on Wednesday appointed a new prime minister, replacing his confidant Abdelmalek Sellal in the wake of parliamentary elections. Bouteflika's National Liberation Front (FLN) and its ruling coalition won a clear majori
President Recep Tayyip Erdogan on Wednesday said ahead of crunch talks with the EU's leadership it was up to Brussels to decide if it wanted Turkey as a member of the bloc. Speaking to reporters before leaving Ankara airport for the trip to Brussels which
Five police officers were killed Wednesday when their vehicle hit a roadside bomb in northeastern Kenya, a local governor said, just hours after a similar blast claimed three police lives. The officers were travelling in a convoy with Mandera county gover
Israeli Defence Minister Avigdor Lieberman said Wednesday he was uneasy over a massive US-Saudi arms deal announced at the weekend, saying it was part of a "crazy" regional arms race. In the first public comment by an Israeli official on the $110-billion
Nepal's Maoist prime minister resigned Wednesday as part of a planned handover to a former political foe who will be the impoverished nation's tenth leader since the end of the civil war in 2006. Pushpa Kamal Dahal, who led the decade-long Maoist insurgen
A Finnish court on Wednesday acquitted twin Iraqi brothers accused of war crimes over their alleged role in a 2014 massacre of up to 1,700 unarmed recruits by the Islamic State group in Iraq. The court in Tampere, in southwestern Finland, said there was n
The World Health Organization should expand its donor base to better withstand the "shock" from planned deep budget cuts in Washington, Tedros Adhanom, the newly elected agency head, said Wednesday. A day after he became the first African to head the WHO,
At least five people were killed and six injured when a car bomb exploded outside the port in the Somali capital Mogadishu on Wednesday, officials and witnesses said. "A car loaded with explosives was detonated near a cafe and it killed five people with s
Qatar said Wednesday it had begun an inquiry into an unprecedented security breach by hackers who posted fake news stories attributed to its ruler on highly sensitive regional political issues. The cyber attack, which hit Qatar's official news agency webs
Donald Trump vowed Wednesday to use his US presidency to promote peace around the world after what he depicted as an inspirational meeting with an initially grim-faced Pope Francis. Meeting face-to-face for the first time, the two leaders sidestepped prof
Philippine President Rodrigo Duterte threatened Wednesday to impose martial law nationwide to combat the rising threat of terrorism, after Islamist militants beheaded a policeman and took Catholic hostages while rampaging through a southern city. Duterte
An Australian kidnapped in Yemen was evacuated from the war-torn country by the Omani government on Wednesday after negotiations through tribal mediators led to his release. Oman's foreign ministry did not name the man and it was not immediately clear if
Venezuela's President Nicolas Maduro Tuesday formally launched moves to rewrite the constitution, defying opponents who accuse him of clinging to power in a political crisis that has sparked deadly unrest. At an open air rally before thousands of supporte