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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-06-04
PTA prepares draft law on mobile devices

PTA prepares draft law on mobile devices

The Pakistan Telecommunication Authority has drafted the Mobile Devices Identification, Registration and Blocking Regulations, 2017 to ensure that stolen phones, blocked phones, and phones with no duplicate or non-standard identifiers are blocked from use
Published 04 Jun, 2017 12:00am
Freight rates for VLCC steady ahead of possible rebound

Freight rates for VLCC steady ahead of possible rebound

Freight rates for very large crude carriers (VLCCs) are set to hold around the current levels ahead of a possible bounce later this month on renewed crude buying from China, and more interest from charterers taking ships on short-term charter for floating
Published 04 Jun, 2017 12:00am
Asia's naphtha crack rises for third session

Asia's naphtha crack rises for third session

Asia's naphtha crack rose for the third straight session on Thursday to reach $59.43 a tonne, making this the highest front-month value since May 23 as recent strong demand helped soaked up supplies. India's Essar Oil has sold up to 35,000 tonnes of napht
Published 04 Jun, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 03, 2017).

Published 04 Jun, 2017 12:00am
THE RUPEE: no change

THE RUPEE: no change

The rupee did not budge any side against the dollar on the money market on Saturday in process of trading, dealers said. The rupee was inert against the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, they said. The rupee lost 60 pa
Published 04 Jun, 2017 12:00am
THE RUPEE: no change

THE RUPEE: no change

The rupee did not budge any side against the dollar on the money market on Saturday in process of trading, dealers said. The rupee was inert against the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, they said. The rupee lost 60 pa
Published 04 Jun, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 03, 2017).

Published 04 Jun, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 03, 2017).

Published 04 Jun, 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 (June 03, 2017).

Published 04 Jun, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 03, 2017).

Published 04 Jun, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 03, 2017)

Published 04 Jun, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 03, 2017).

Published 04 Jun, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (June 03, 2017) and the forecast for Sunday (June 04, 2017).

Published 04 Jun, 2017 12:00am
Seven die as explosions rock funeral in tense Kabul

Seven die as explosions rock funeral in tense Kabul

Explosions rocked the funeral of an Afghan politician's son in Kabul Saturday, killing at least seven people and wounding dozens, in fresh carnage that spiked tensions in a city already on edge. Witnesses reported three blasts at the burial site of Salim
Published 04 Jun, 2017 12:00am
Seven die as explosions rock funeral in tense Kabul

Seven die as explosions rock funeral in tense Kabul

Explosions rocked the funeral of an Afghan politician's son in Kabul Saturday, killing at least seven people and wounding dozens, in fresh carnage that spiked tensions in a city already on edge. Witnesses reported three blasts at the burial site of Salim
Published 04 Jun, 2017 12:00am
Anti-Dumping Tribunal: decision of Cabinet body endorsed

Anti-Dumping Tribunal: decision of Cabinet body endorsed

Federal Cabinet has endorsed the decision of the Cabinet Committee for Disposal of Legislative Cases headed by Minister for Law and Justice, Zahid Hamid, and has approved Anti-Dumping Appellate Tribunal Terms and Conditions of Service (Rules), 2017. Minis
Published 04 Jun, 2017 12:00am
Anti-Dumping Tribunal: decision of Cabinet body endorsed

Anti-Dumping Tribunal: decision of Cabinet body endorsed

Federal Cabinet has endorsed the decision of the Cabinet Committee for Disposal of Legislative Cases headed by Minister for Law and Justice, Zahid Hamid, and has approved Anti-Dumping Appellate Tribunal Terms and Conditions of Service (Rules), 2017. Minis
Published 04 Jun, 2017 12:00am
Anti-Dumping Tribunal: decision of Cabinet body endorsed

Anti-Dumping Tribunal: decision of Cabinet body endorsed

Federal Cabinet has endorsed the decision of the Cabinet Committee for Disposal of Legislative Cases headed by Minister for Law and Justice, Zahid Hamid, and has approved Anti-Dumping Appellate Tribunal Terms and Conditions of Service (Rules), 2017. Minis
Published 04 Jun, 2017 12:00am
My father believes in supremacy of rule of law: Hussain

My father believes in supremacy of rule of law: Hussain

Hussain Nawaz said on Saturday that Joint Investigation Team (JIT) investigating the Panama Papers case has not yet summoned his father Prime Minister Nawaz Sharif who, according to him, always abides by the law and believes in supremacy of rule of law. H
Published 04 Jun, 2017 12:00am
My father believes in supremacy of rule of law: Hussain

My father believes in supremacy of rule of law: Hussain

Hussain Nawaz said on Saturday that Joint Investigation Team (JIT) investigating the Panama Papers case has not yet summoned his father Prime Minister Nawaz Sharif who, according to him, always abides by the law and believes in supremacy of rule of law. H
Published 04 Jun, 2017 12:00am
PBC for registration of FIR against Nehal Hashmi

PBC for registration of FIR against Nehal Hashmi

Pakistan Bar Council on Saturday announced a countrywide move against Pakistan Muslim League-Nawaz (PML-N) government for creating hurdles in constitutional and judicial functions of Supreme Court in Panama Papers leaks case. The top regulatory body of th
Published 04 Jun, 2017 12:00am
PBC for registration of FIR against Nehal Hashmi

PBC for registration of FIR against Nehal Hashmi

Pakistan Bar Council on Saturday announced a countrywide move against Pakistan Muslim League-Nawaz (PML-N) government for creating hurdles in constitutional and judicial functions of Supreme Court in Panama Papers leaks case. The top regulatory body of th
Published 04 Jun, 2017 12:00am
India vows to 'go beyond' Paris accord

India vows to 'go beyond' Paris accord

Indian Prime Minister Narendra Modi vowed after meeting French President Emmanuel Macron Saturday to go "above and beyond" the Paris Agreement on climate change, after the US said it would quit the deal. Two days after US President Donald Trump sensationa
Published 04 Jun, 2017 12:00am
India vows to 'go beyond' Paris accord

India vows to 'go beyond' Paris accord

Indian Prime Minister Narendra Modi vowed after meeting French President Emmanuel Macron Saturday to go "above and beyond" the Paris Agreement on climate change, after the US said it would quit the deal. Two days after US President Donald Trump sensationa
Published 04 Jun, 2017 12:00am
ECB may vet banks' responses to UK request for Brexit plans

ECB may vet banks' responses to UK request for Brexit plans

The European Central Bank may vet responses to a Bank of England letter asking lenders how they will cope with Brexit, a senior banker said on Friday. Edward Bowles, regional head of corporate and public affairs at Standard Chartered bank, was speaking at
Published 04 Jun, 2017 12:00am
Japan sets stage for watering down of fiscal discipline

Japan sets stage for watering down of fiscal discipline

Japan's government has agreed to make lowering the ratio of debt to gross domestic product a new fiscal discipline target, which makes it easier to avoid spending cuts as long as the economy keeps growing. The government said it was not abandoning its pre
Published 04 Jun, 2017 12:00am
Uzbekistan-GM venture abandons dollars for domestic car sales
Exchange

Uzbekistan-GM venture abandons dollars for domestic car sales

GM Uzbekistan, a joint venture between General Motors and Uzbek state firm UzAvtosanoat, has begun selling all its cars in the Central Asian nation in local currency terms, but using an exchange rate far weaker than the official one. The move, ordered by
Published 04 Jun, 2017 12:00am
Anti-terror agency raids homes of Kashmir freedom fighters

Anti-terror agency raids homes of Kashmir freedom fighters

India's anti-terrorism agency Saturday searched the homes of separatist leaders in restive Kashmir as part of an investigation of their finances and alleged anti-government activities. The National Investigation Agency (NIA) is probing if the separatists
Published 04 Jun, 2017 12:00am
Anti-terror agency raids homes of Kashmir freedom fighters

Anti-terror agency raids homes of Kashmir freedom fighters

India's anti-terrorism agency Saturday searched the homes of separatist leaders in restive Kashmir as part of an investigation of their finances and alleged anti-government activities. The National Investigation Agency (NIA) is probing if the separatists
Published 04 Jun, 2017 12:00am
Duty reduction on new cars import deferred

Duty reduction on new cars import deferred

The customs duty reduction on the import of new cars has been deferred by one more year, the Senate Standing Committee on Finance was informed here on Saturday. Reviewing the tariff alterations in customs duty in the Finance Bill 2017-18, the FBR official
Published 04 Jun, 2017 12:00am
Duty reduction on new cars import deferred

Duty reduction on new cars import deferred

The customs duty reduction on the import of new cars has been deferred by one more year, the Senate Standing Committee on Finance was informed here on Saturday. Reviewing the tariff alterations in customs duty in the Finance Bill 2017-18, the FBR official
Published 04 Jun, 2017 12:00am
Duty reduction on new cars import deferred

Duty reduction on new cars import deferred

The customs duty reduction on the import of new cars has been deferred by one more year, the Senate Standing Committee on Finance was informed here on Saturday. Reviewing the tariff alterations in customs duty in the Finance Bill 2017-18, the FBR official
Published 04 Jun, 2017 12:00am
2018 polls: Punjab PPP leaders in talks with PTI?

2018 polls: Punjab PPP leaders in talks with PTI?

Ahead of joining Pakistan Tehreek-e-Insaf (PTI), a good number of senior Pakistan Peoples Party (PPP) leaders from Punjab are seeking assurance that they would be awarded tickets along with their chosen candidates for provincial assembly seats from their
Published 04 Jun, 2017 12:00am
2018 polls: Punjab PPP leaders in talks with PTI?

2018 polls: Punjab PPP leaders in talks with PTI?

Ahead of joining Pakistan Tehreek-e-Insaf (PTI), a good number of senior Pakistan Peoples Party (PPP) leaders from Punjab are seeking assurance that they would be awarded tickets along with their chosen candidates for provincial assembly seats from their
Published 04 Jun, 2017 12:00am
Merkel to talk trade in Argentina, Mexico
Exchange

Merkel to talk trade in Argentina, Mexico

German Chancellor Angela Merkel will travel to Argentina and Mexico next week for talks on trade with two of Latin America's largest economies, officials said Friday. Merkel will visit Argentina on Thursday, the Argentine foreign minister confirmed, calli
Published 04 Jun, 2017 12:00am
KTBA urges FBR to withdraw section 214D

KTBA urges FBR to withdraw section 214D

Karachi Tax Bar Association (KTBA) has strongly urged the Federal Board of Revenue (FBR) to delete section 214D as it discourages the people to file returns. Speaking at a post-budget seminar organized by KTBA at a hotel, Abdul Aziz Tayabani, president KT
Published 04 Jun, 2017 12:00am
Tetra Pak celebrates World Milk Day

Tetra Pak celebrates World Milk Day

Tetra Pak the world's leading food processing and packaging solutions company is, joining the rest of the world, celebrating the 17th annual World Milk Day. Tetra Pak promotes the consumption of safe packaged milk all over the world. By developing and imp
Published 04 Jun, 2017 12:00am
PIA facing financial crunch: Elahi

PIA facing financial crunch: Elahi

The first Annual General Meeting of PIACL was held on Saturday. Chairman PIACL, Muhammad Irfan Elahi addressed the shareholders of the airline. He said that PIA is going through financial and fleet constraints which are hampering its performance but never
Published 04 Jun, 2017 12:00am
Heatwave persists in Karachi

Heatwave persists in Karachi

The Met Office on Saturday forecast heat waves will continue to grip the city for another two days - Sunday and Monday. Weather in Karachi is expected to remain partly cloudy with maximum temperature between 36 and 38 degrees celsius and humidity up to 85
Published 04 Jun, 2017 12:00am
Fruit boycott drive yields fruitful results

Fruit boycott drive yields fruitful results

The citizens of Karachi found some relief on Saturday, the second of a three-day fruit boycott, as the price of fruit was lowered by up to 40 per cent after street vendors saw minimal market activity on Friday. Karachi Consumer Association Chief Kaukab Iq
Published 04 Jun, 2017 12:00am
Mango export target may not be achieved

Mango export target may not be achieved

Pakistan is unlikely to achieve mango export target of 100,000 as crop is facing challenges of climate changes. During current mango season, the crop of mango is sustaining huge losses due to unexpected climatic changes and ahead of this factor, All Pakis
Published 04 Jun, 2017 12:00am
32 suspects held

32 suspects held

As many as 32 suspects were arrested during search operation of police here on Saturday. Deputy Inspector General Abdul Razzaq Cheema said that operation was conducted in Jinnah Town of the provincial capital Quetta, in connection the abduction of Chinese
Published 04 Jun, 2017 12:00am
DG Rangers review security situation

DG Rangers review security situation

Director General (DG) Rangers Major General Muhammad Saeed on Friday night visited different areas of Karachi to review the security arrangements and situation in the Mega city as people go out to markets after Iftar. DG Rangers also reviewed the exercise
Published 04 Jun, 2017 12:00am
Telenor's Easypaisa to facilitate Coca-Cola donation drive for Edhi

Telenor's Easypaisa to facilitate Coca-Cola donation drive for Edhi

Telenor Microfinance Bank (formerly Tameer Microfinance Bank) through its mobile banking platform, Easypaisa, is joining Coca-Cola Pakistan to facilitate a nation-wide donation drive for Edhi Foundation where the beverages giant has pledged to donate Edhi
Published 04 Jun, 2017 12:00am
Alleged terrorist nabbed

Alleged terrorist nabbed

Counter Terrorism Department conducted an operation in Bhakkar on Friday night and apprehended a terrorist of a banned organization. The CTD personnel also recovered explosive material, three detonators and other ammunition from the arrested terrorist. Ac
Published 04 Jun, 2017 12:00am
Punjab plans five schemes in fisheries

Punjab plans five schemes in fisheries

The Punjab government has planned to execute five new schemes in the fisheries sector during the financial year 2017-18 besides working on nine ongoing schemes with a provision of Rs 0.850 billion.
Published 04 Jun, 2017 12:00am
Additional Rs 55 billion to be spent on health sector

Additional Rs 55 billion to be spent on health sector

Punjab Minister for Specialized Healthcare Khwaja Salman Rafiq and Minister for Primary and Secondary Health Khwaja Imran Nazir have said that new financial year will be the year of improvement and development for health sector. They said that in the next
Published 04 Jun, 2017 12:00am
Punjab government allocates Rs 50 billion for seven PPIC&C centres

Punjab government allocates Rs 50 billion for seven PPIC&C centres

The provincial government has earmarked Rs 50 billion for the establishment of Punjab police integrated communication, command and control (PPIC&C) center in Lahore and six other cities under its annual development programme (ADP) for 2017-18 and an addit
Published 04 Jun, 2017 12:00am
No relief for masses in Punjab budget: JI

No relief for masses in Punjab budget: JI

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that the Punjab budget for the next financial year was a routine budget visualizing elections, and provided no relief to the masses. Speaking at an Iftar dinner at Ghaziabad, he said that no mech
Published 04 Jun, 2017 12:00am
Budget guarantees sustainable development: Shahbaz

Budget guarantees sustainable development: Shahbaz

Chief Minister Punjab Muhammad Shahbaz Sharif has said that the Punjab government has presented a balanced and speedy development budget this year like previous years and record funds have been allocated for the development of rural and urban areas. He sa
Published 04 Jun, 2017 12:00am
Red-tapism delays approval of 2,700 medicines

Red-tapism delays approval of 2,700 medicines

Despite approval accorded by the relevant committees at the Drug Regulatory Authority (DRA), an unnecessary route of summary through the Prime Minister's House is delaying the registration of many life saving drugs of blood pressure, cancer, arthritis, re
Published 04 Jun, 2017 12:00am
Tapping judges' phones is old habit of Nawaz: Shujaat

Tapping judges' phones is old habit of Nawaz: Shujaat

Expressing displeasure over criticism on judiciary and learned judges, Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujaat Hussain disclosed that giving statements against the judges and tapping their phones is old habit of Nawaz Sharif. "Even bed
Published 04 Jun, 2017 12:00am
Sindhu visits Ramazan Bazaars

Sindhu visits Ramazan Bazaars

Punjab Minister for Minorities and Human Rights Khalil Tahir Sindhu has said that Punjab govt was providing economic relief to the consumers through holding of Ramazan Bazaars under the vision of CM Punjab Muhammad Shahbaz Sharif. He was inspecting Ramaza
Published 04 Jun, 2017 12:00am
Cement exports decline by 45 percent in May

Cement exports decline by 45 percent in May

The cement exports continue to decline for the fourth consecutive month when it registered a fall of 44.58 percent in May 2017. The sector declined by 45.69 percent in February, 60.39 percent in March and 50.75 percent in April. This dismal export perform
Published 04 Jun, 2017 12:00am
Daimler, VW eye China's electric car market

Daimler, VW eye China's electric car market

German auto giants Daimler and Volkswagen announced plans Thursday to secure pole positions in China's electric car market as the world's second-biggest economy ramps up investment in cleaner energy. Coinciding with a visit to Berlin by Chinese premier Li
Published 04 Jun, 2017 12:00am
Saudi's Falih says more oil output cuts possible, will assess in July

Saudi's Falih says more oil output cuts possible, will assess in July

Saudi Energy Minister Khalid al-Falih said further oil output cuts could be needed in the future but that Opec and other leading producers would assess the market situation in July, Russia's TASS news agency reported on Saturday. The Organization of the P
Published 04 Jun, 2017 12:00am
France sees ties with Germany key for post Brexit EU farm policy

France sees ties with Germany key for post Brexit EU farm policy

France and Germany, the European Union's two farming heavyweights, will need closer links following the loss of Britain's contribution to the EU farm budget after Brexit and ahead of a reform of EU agriculture policy, France's farm minister said.
Published 04 Jun, 2017 12:00am
Morocco trade deficit widens
Exchange

Morocco trade deficit widens

Morocco's trade deficit widened 35.8 percent to 40.23 billion dirhams ($4.14 billion) in the first four months of 2017 compared with a year earlier, driven by increased imports, the foreign exchange regulator said on Saturday. The trade gap was up from 29
Published 04 Jun, 2017 12:00am
South Africa's maize output seen doubling to record harvest

South Africa's maize output seen doubling to record harvest

South Africa will likely harvest a record 15.6 million tonnes of maize in 2017, double last year's output after favourable weather conditions lifted yields, the government's Crop Estimates Committee (CEC) said on Friday. The forecast may further depress m
Published 04 Jun, 2017 12:00am
PTA prepares draft law on mobile devices

PTA prepares draft law on mobile devices

The Pakistan Telecommunication Authority has drafted the Mobile Devices Identification, Registration and Blocking Regulations, 2017 to ensure that stolen phones, blocked phones, and phones with no duplicate or non-standard identifiers are blocked from use
Published 04 Jun, 2017 12:00am
PTA prepares draft law on mobile devices

PTA prepares draft law on mobile devices

The Pakistan Telecommunication Authority has drafted the Mobile Devices Identification, Registration and Blocking Regulations, 2017 to ensure that stolen phones, blocked phones, and phones with no duplicate or non-standard identifiers are blocked from use
Published 04 Jun, 2017 12:00am
Behind the power outages

Behind the power outages

As summer set in and power outages multiplied the government was quick to promise that there would be no load shedding during Sehri and Iftar in Ramazan. On what basis the pledge was made, there is no information on that, but just the opposite happened. O
Published 04 Jun, 2017 12:00am
Breaking Afghanistan's economic isolation
Exchange

Breaking Afghanistan's economic isolation

Ever since the Soviet invasion in December 1979, Afghanistan is in continuous turmoil. It has been a battleground as much for socio-political and ideological contentions as for geostrategic interests of powers from afar as from within. Such are the vagari
Published 04 Jun, 2017 12:00am
On balancing Iran-Saudi relations: A hamletian quandary

On balancing Iran-Saudi relations: A hamletian quandary

If foreign policy of a country is to be gauged by relations with immediate neighbors, Pakistan seems to have not done well so far. Lately, Pakistan faces the challenge how to balance its ties with Iran and Saudi Arabia. Matters came to a head when in earl
Published 04 Jun, 2017 12:00am
Bilingual education in US in its infancy, but growing

Bilingual education in US in its infancy, but growing

"Brazil, with a 'z' or an 's'?" asks a girl. "In Spanish, it's with an 's,' in English with a 'z,'" another kid answers. Just another day in a bilingual class at a Los Angeles school. A sign that proclaims "Bienvenido/Welcome" is pinned above the blackboa
Published 04 Jun, 2017 12:00am
Brexit looms large in tight vote on Northern Ireland border

Brexit looms large in tight vote on Northern Ireland border

Taking a break from the UK election campaign in the village of Kinawley in Northern Ireland, Sinn Fein candidate Michelle Gildernew gazes across the patchwork of fields crisscrossing the border with the Republic of Ireland. Gildernew grew up along the bor
Published 04 Jun, 2017 12:00am
'Tallinn Manual 2.0' - the rulebook for cyberwar

'Tallinn Manual 2.0' - the rulebook for cyberwar

With ransomware like "WannaCry" sowing chaos worldwide and global powers accusing rivals of using cyberattacks to interfere in domestic politics, the latest edition of the world's only book laying down the law in cyberspace could not be more timely. The T
Published 04 Jun, 2017 12:00am
Government expresses 'immense sorrow'

Government expresses 'immense sorrow'

This is apropos a Business Recorder news item "Govt expresses 'immense sorrow' over judge's remarks" carried by the newspaper on Friday. According to it, spokesman for the government of Pakistan has expressed 'immense sorrow' over remarks by an hon
Published 04 Jun, 2017 12:00am
Oil price outlook grows more gloomy despite Opec cut extension

Oil price outlook grows more gloomy despite Opec cut extension

Oil analysts have grown more downbeat about the outlook for crude and expect prices to average around $55 a barrel this year even after Opec and its partners agreed to restrain production into 2018, a Reuters poll of analysts showed on Friday. "Greater Op
Published 04 Jun, 2017 12:00am
Ivory Coast rain, sun improve prospects for cocoa mid-crop

Ivory Coast rain, sun improve prospects for cocoa mid-crop

Plentiful rain and sun last week in most regions of top cocoa grower Ivory Coast improved prospects for the April-to-September mid-crop, farmers said on Monday, although eastern regions continued to suffer the effects of a previous dry spell. In the weste
Published 04 Jun, 2017 12:00am
Funds ease up on grains but turn sour on CBOT soyabeans

Funds ease up on grains but turn sour on CBOT soyabeans

Speculators dialed back their negative views on corn last week and took a slightly less pessimistic stance on wheat, but any positives were outweighed by a much more bearish attitude to the soy complex. Funds still hold a very unfavourable view towards Ch
Published 04 Jun, 2017 12:00am
Stress test relief tops bank wish list ahead of Trump's rule review

Stress test relief tops bank wish list ahead of Trump's rule review

As Wall Street awaits President Donald Trump's vision for financial regulation, big US banks are pushing for a lucrative change his appointees can execute without a legislative fight: easing annual stress tests. First conducted by the Federal Reserve in 2
Published 04 Jun, 2017 12:00am
Farmers in western India strike for third day
Cotton

Farmers in western India strike for third day

Indian farmers in the western state of Maharashtra held back farm produce in the province for a third day on Saturday, despite the state's assurance that it would waive loans held by defaulting farmers with small tracts of land and low incomes. Maharashtr
Published 04 Jun, 2017 12:00am
UK construction expands at fastest rate since 2015

UK construction expands at fastest rate since 2015

British construction activity grew at its fastest rate since the end of 2015 last month, as a pick-up in housebuilding helped builders shake off a lacklustre start to the year, a survey showed on Friday. The Markit/CIPS construction purchasing managers' i
Published 04 Jun, 2017 12:00am
Iran in talks with Russia led EEU on free trade pact

Iran in talks with Russia led EEU on free trade pact

Iran is in talks with the Russia-led Eurasian Economic Union (EEU) to forge a free-trade pact, state-run media said, amid problems in securing fresh Western investment despite the lifting of most global sanctions against Tehran. Iran's economy has revived
Published 04 Jun, 2017 12:00am
Spanish hiring spree in May adds to rosier outlook

Spanish hiring spree in May adds to rosier outlook

Job creation in Spain hit a record high for the month of May as restaurants and hotels in particular took on staff, data showed on Friday. The robust pace of hiring in Spain, which is gradually making a dent in its unemployment rate - Europe's second-high
Published 04 Jun, 2017 12:00am
Toyota ends electric car ties with Tesla

Toyota ends electric car ties with Tesla

Toyota has terminated its tie-up with Tesla and stepped up efforts to develop electric vehicles by itself, a newspaper said Saturday. In 2010, the two companies agreed on a comprehensive cooperation with the Japanese auto giant paying $50 million to buy 3
Published 04 Jun, 2017 12:00am
Soggy forecast worries Canadian farmers in race to sow crops

Soggy forecast worries Canadian farmers in race to sow crops

Heavy rain forecast for the soggiest parts of the Canadian Prairies this week is likely to further delay plantings in the world's biggest canola exporting country, meteorologists say. The rain, forecast to hit the provinces of Alberta and Saskatchewan on
Published 04 Jun, 2017 12:00am
ISO sees global sugar market moving to surplus in 2017 2018

ISO sees global sugar market moving to surplus in 2017 2018

The International Sugar Organization sees a modest sugar surplus emerging in 2017-18 as Brazilian producers allocate more cane to sugar over ethanol, the ISO said on Thursday in its first preliminary forecast for next season. The inter-governmental body s
Published 04 Jun, 2017 12:00am
Early US winter wheat harvest supports low protein fears
Exchange

Early US winter wheat harvest supports low protein fears

The earliest reports from the start of the US hard red winter wheat harvest underscored industry fears of a second straight year of low protein, a factor that shifts the market's focus to prospects for the North American spring wheat crop, a higher-protei
Published 04 Jun, 2017 12:00am
Chinese iron ore extends losses to six months low
Exchange

Chinese iron ore extends losses to six months low

Chinese iron ore futures slumped more than 5 percent to a six-month low on Thursday, after sliding 6 percent in the previous session, amid persistent concern over surplus supply that has pushed the market well into bear market territory this year. Spot ir
Published 04 Jun, 2017 12:00am
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