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Print - 2017-06-30
Downslide continues on cotton market
Cotton

Downslide continues on cotton market

After a spate of long holidays, ready cotton market opened again on Thursday conceding a further loss of Rs 100 per maund (37.32 kgs). With hardly any reported business, ready cotton prices of the new crop (2017/2018) were reported to have ranged further
Published 30 Jun, 2017 12:00am
Downslide continues on cotton market
Cotton

Downslide continues on cotton market

After a spate of long holidays, ready cotton market opened again on Thursday conceding a further loss of Rs 100 per maund (37.32 kgs). With hardly any reported business, ready cotton prices of the new crop (2017/2018) were reported to have ranged further
Published 30 Jun, 2017 12:00am
German machine tool makers triple growth forecast

German machine tool makers triple growth forecast

The industry body for Germany's powerful machine tool sector on Thursday tripled its growth forecast for 2017, saying stronger than expected demand at home and abroad was boosting production. Based on strong growth in production so far this year, the Mech
Published 30 Jun, 2017 12:00am
Ties off as British parliament breaks with tradition

Ties off as British parliament breaks with tradition

British politics took yet another surprise turn on Thursday when parliament scrapped a requirement for male lawmakers to wear ties, a move greeted with both concern and celebration at Westminster. Speaker John Bercow - often heard calling for "Order!" amo
Published 30 Jun, 2017 12:00am
France far off course on deficit targets

France far off course on deficit targets

France is set to miss its 2017 deficit target by a wide margin, the country's public accounts watchdog said Thursday, predicting the gap between spending and revenue would exceed a eurozone limit of 3 percent of GDP. In the absence of "strong adjustment m
Published 30 Jun, 2017 12:00am
US first quarter growth revised up to 1.4 percent

US first quarter growth revised up to 1.4 percent

The US economy grew slightly faster than originally reported in the first three months of the year, on stronger consumer spending and exports, the Commerce Department said Thursday. But even with the upward revision making GDP growth two-tenths higher tha
Published 30 Jun, 2017 12:00am
Spain's population rises for first time on migration

Spain's population rises for first time on migration

The Spanish population rose for the first time since 2011 last year as immigrants poured back in to the country and fewer Spaniards left in the midst of an economic recovery, official data showed on Thursday. Spain's population has dropped every year sinc
Published 30 Jun, 2017 12:00am
Indonesia June inflation seen staying high on Ramazan demand

Indonesia June inflation seen staying high on Ramazan demand

Indonesia's annual inflation rate likely stayed stubbornly high in June, a Reuters poll showed, as increased consumption during festivities surrounding the Muslim fasting month of Ramadan pushed up prices, and in turn inflation. The poll's median forecast
Published 30 Jun, 2017 12:00am
Egypt slashes fuel subsidies in IMF-backed reform

Egypt slashes fuel subsidies in IMF-backed reform

Egypt announced a new sharp increase in fuel prices on Thursday, as it slashes government subsidies in a tough IMF-backed reform programme. The cabinet said that 82 octane petrol would sell for 3.65 pounds a litre (0.80 pounds a gallon) up from 2.35 (0.52
Published 30 Jun, 2017 12:00am
Egypt slashes fuel subsidies in IMF-backed reform

Egypt slashes fuel subsidies in IMF-backed reform

Egypt announced a new sharp increase in fuel prices on Thursday, as it slashes government subsidies in a tough IMF-backed reform programme. The cabinet said that 82 octane petrol would sell for 3.65 pounds a litre (0.80 pounds a gallon) up from 2.35 (0.52
Published 30 Jun, 2017 12:00am
H&M profits lifted by new stores, cost control
Exchange

H&M profits lifted by new stores, cost control

Swedish clothing giant Hennes and Mauritz (H&M) on Thursday announced a stronger than expected profit in the second quarter thanks to the opening of new stores and better cost control. Net profit for the period between March and May stood at 5.9 billion k
Published 30 Jun, 2017 12:00am
German inflation edges up in June

German inflation edges up in June

Inflation picked up slightly in Germany, Europe's largest economy, in June, preliminary figures from federal statistics office Destatis showed Thursday, but remained short of the European Central Bank's eurozone-wide target. Consumer prices increased by 1
Published 30 Jun, 2017 12:00am
Most Maersk operations running after cyberattack

Most Maersk operations running after cyberattack

Maersk, the Danish container and shipping giant crippled by a global cyberattack this week, said Thursday most of its operations were now up and running again. "We are able to accept bookings again," the company said on its website. In addition, "the majo
Published 30 Jun, 2017 12:00am
Dutch rail operator fined over regional services contract

Dutch rail operator fined over regional services contract

Dutch competition authorities slapped the national rail operator with a multi-million-euro fine Thursday for breaking the law during a 2014 tender process to provide regional rail services. "National Rail (NS) abused its position of power" in a bid to win
Published 30 Jun, 2017 12:00am
China posts Q1 capital, financial account surplus
Exchange

China posts Q1 capital, financial account surplus

China recorded a surplus in its capital and financial account in the first quarter, the foreign exchange regulator said on Thursday, indicating net capital inflows as policymakers tightened supervision of outflows. For the quarter, China posted a $39.3 bi
Published 30 Jun, 2017 12:00am
World's biggest tech incubator opens in Paris

World's biggest tech incubator opens in Paris

Paris takes a step closer Thursday to fulfilling its ambition of becoming Europe's technology capital when President Emmanuel Macron inaugurates Station F, the world's largest start-up incubator on the banks of the Seine. The 34,000 square-metre (366,000
Published 30 Jun, 2017 12:00am
Tokyo stocks close higher on bank, tech firm rally

Tokyo stocks close higher on bank, tech firm rally

Tokyo stocks rebounded Thursday as banks and technology firms rallied on optimism that the global economy is getting stronger. Financial shares got a lift after the Federal Reserve gave the green light to plans by all 34 large US lenders seeking to provid
Published 30 Jun, 2017 12:00am
US stocks dip on central bank unease; bank shares rise

US stocks dip on central bank unease; bank shares rise

Technology shares were back in sell-off mode while banking shares surged early Thursday amid unease over a potential shift by major central banks towards tighter monetary policy. The Nasdaq was solidly down with Apple, Microsoft and Facebook all losing on
Published 30 Jun, 2017 12:00am
Wall Street stocks surge as banks, tech sectors spark rebound
Exchange

Wall Street stocks surge as banks, tech sectors spark rebound

Wall Street stock rallied sharply on Wednesday, with the benchmark S&P 500 index scoring its biggest one-day percentage gain in about two months, as financial and technology stocks led a broad market rebound. The Nasdaq posted its best session since Novem
Published 30 Jun, 2017 12:00am
Sri Lankan shares end slightly higher

Sri Lankan shares end slightly higher

Sri Lankan stocks edged higher on Thursday led by shares of diversified companies as foreign buying continued, while concerns over a proposed tax bill weighed on overall investor sentiment. The Colombo stock index ended 0.08 percent firmer at 6,702.53, ed
Published 30 Jun, 2017 12:00am
Yields rise as European central banks seen as less accommodative

Yields rise as European central banks seen as less accommodative

Benchmark US Treasury yields rose to five-week highs on Thursday in sympathy with weaker European government debt, as investors evaluated the likelihood that central banks in Europe will soon become less accommodative. European Central Bank President Mari
Published 30 Jun, 2017 12:00am
Yields rise as European central banks seen as less accommodative

Yields rise as European central banks seen as less accommodative

Benchmark US Treasury yields rose to five-week highs on Thursday in sympathy with weaker European government debt, as investors evaluated the likelihood that central banks in Europe will soon become less accommodative. European Central Bank President Mari
Published 30 Jun, 2017 12:00am
TSX falls in broad retreat
Exchange

TSX falls in broad retreat

Canada's main stock index fell in morning trade on Thursday in a broad retreat led by slips among heavyweight energy, gold mining and industrial stocks and a pullback in shares of convenience store operator Alimentation Couche Tard Inc. Bombardier Inc fel
Published 30 Jun, 2017 12:00am
Banking shares fall, bucking global trend in UAE, Kuwait

Banking shares fall, bucking global trend in UAE, Kuwait

Gulf stock markets were mixed on Thursday, with banks in the United Arab Emirates and Kuwait generally weak despite a strong performance by their global counterparts. The prospect of higher interest rates from central banks around the world, including Bri
Published 30 Jun, 2017 12:00am
China stocks end higher, strong commodity shares lend support

China stocks end higher, strong commodity shares lend support

China stocks rose on Thursday, driven by strong gains in raw material shares as a weaker dollar lifted commodities prices. Sentiment was also boosted by easing fears of a quarter-end liquidity crunch in the banking system, as well as a rise in the yuan, w
Published 30 Jun, 2017 12:00am
European shares see red as rate-sensitive sectors slide

European shares see red as rate-sensitive sectors slide

A sharp turn lower across risky assets just ahead of the open on Wall Street put European shares on course for their worst day since last September, with tech and sectors most sensitive to higher interest rates the biggest drags. The STOXX 600 index was d
Published 30 Jun, 2017 12:00am
Australian shares climb; New Zealand ends at record high

Australian shares climb; New Zealand ends at record high

Australian shares rose to their highest closing level in two weeks with banks and miners pushing the index higher, mirroring solid gains on Wall Street. The S&P/ASX 200 index climbed 1.1 percent or 62.40 points to 5,818.1. The overnight rally in Wall Stre
Published 30 Jun, 2017 12:00am
UK's FTSE 100 seen stumbling along as Brexit looms

UK's FTSE 100 seen stumbling along as Brexit looms

Britain's FTSE 100 share index will hold onto slim gains this year though it remains hostage to swings in sterling as the country embarks on complex negotiations on the terms of its exit from the European Union, a Reuters poll showed. Since last June's sh
Published 30 Jun, 2017 12:00am
Dollar slips in Asia vs euro and sterling

Dollar slips in Asia vs euro and sterling

The dollar wallowed at one-year lows against the euro and slipped against sterling in Asian trade on Thursday as investors priced in tighter monetary policy in Europe. The dollar index, which tracks the greenback against a basket of six major rival curren
Published 30 Jun, 2017 12:00am
Euro hits 14-month high in third day of gains

Euro hits 14-month high in third day of gains

The euro jetted past $1.14 to its highest in just under 14 months on Thursday, with attempts by European Central Bank sources to moderate the message taken from a speech by President Mario Draghi this week falling largely on deaf ears. Three days of the b
Published 30 Jun, 2017 12:00am
Dollar downdraft persists
Exchange

Dollar downdraft persists

The US dollar held around a nearly 14-month low against the euro on Thursday on growing expectations of more hawkish monetary policies in Europe and Canada and on skepticism of another Federal Reserve interest rate increase this year. The euro jetted to $
Published 30 Jun, 2017 12:00am
Sri Lanka rupee ends weaker on importer dollar demand

Sri Lanka rupee ends weaker on importer dollar demand

The Sri Lankan rupee ended weaker on Thursday due to dollar demand from importers and as an expected rise in imports pressured the local currency, dealers said. The spot rupee, which has been trading for the eighth straight session after being inactive fo
Published 30 Jun, 2017 12:00am
Bullish bets trimmed in most emerging Asian currencies

Bullish bets trimmed in most emerging Asian currencies

Investors have trimmed their long positions in most Asian currencies compared with two weeks ago, a Reuters poll showed, amid jitters that the European Central Bank may be getting ready to reduce its aggressive monetary stimulus. In a sign of the more cau
Published 30 Jun, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter bank buy/sell rates for the taka against the dollar on Thursday. 80.59-80.60 (previous 80.58-80.60).
Published 30 Jun, 2017 12:00am
Sterling hits one-month high as BoE rate hike bets brought forward

Sterling hits one-month high as BoE rate hike bets brought forward

Sterling climbed close to $1.30 on Thursday, hitting its highest since before Britain's parliamentary elections, as investors brought forward their expectations for when the Bank of England would begin to tighten monetary policy. After losing more than 2
Published 30 Jun, 2017 12:00am
Aussie, Kiwi at multi-month highs

Aussie, Kiwi at multi-month highs

The Australian dollar climbed to a three-month peak on Thursday while its New Zealand counterpart stood near its highest since February, largely due to a weakening US currency as investors wagered on policy tightening in Europe and Britain. The Australian
Published 30 Jun, 2017 12:00am
Australia braces for turmoil as pay dispute rages on

Australia braces for turmoil as pay dispute rages on

A bitter pay dispute between Australia's cricketers and the national board appears set to remain unresolved by a Friday deadline, leaving more than 200 players unemployed and upcoming series against Bangladesh and England in jeopardy. Eleventh hour talks
Published 30 Jun, 2017 12:00am
PCB in talks with Sri Lankan Board for short series

PCB in talks with Sri Lankan Board for short series

The Pakistan Cricket Board (PCB) is in contact with the Sri Lankan Cricket Board for undertaking tour of Sri Lankan cricket team to Pakistan this year. The sources in the board claimed that the PCB has proposed to the Sri Lankan cricket board to undertake
Published 30 Jun, 2017 12:00am
Ball injury adds to England bowling concerns

Ball injury adds to England bowling concerns

Paceman Jake Ball piled on the problems for England's bowling attack on Thursday when he was ruled out of the first Test with South Africa because of a knee strain. The 26-year-old suffered the injury playing for Nottinghamshire in the County Championship
Published 30 Jun, 2017 12:00am
Unbeaten champ Easter vows to KO Russian rival

Unbeaten champ Easter vows to KO Russian rival

Unbeaten US hometown hero Robert Easter defends his International Boxing Federation lightweight crown Friday against Russian southpaw Denis Shafikov in Toledo, Ohio. Easter, 26, is 19-0 with 14 knockouts. He predicted a knockout victory over Shafikov, som
Published 30 Jun, 2017 12:00am
Paul goes from Clippers to Rockets in blockbuster deal
Exchange

Paul goes from Clippers to Rockets in blockbuster deal

Chris Paul was traded from the Los Angeles Clippers to the Houston Rockets on Wednesday in the first major NBA talent move of the off-season with free agency looming Saturday. The 32-year-old point guard, who helped the United States win Olympic gold in 2
Published 30 Jun, 2017 12:00am
Football, showbiz stars set for Messi's wedding

Football, showbiz stars set for Messi's wedding

Football and showbiz stars gather in northern Argentina on Friday for Latin America's celebrity wedding bash of the decade when Barcelona superstar Lionel Messi marries his childhood sweetheart Antonella Roccuzzo. Pop star Shakira and her husband, Messi's
Published 30 Jun, 2017 12:00am
New captain Root can draw on team mates' experience

New captain Root can draw on team mates' experience

Joe Root can count on the experience of several of his team mates as he embarks on his journey as England's test captain, stumper-batsman Jonny Bairstow has said ahead of the home series against South Africa. Root, who replaced Alastair Cook as skipper in
Published 30 Jun, 2017 12:00am
Chile's impressive rise continues at Confed Cup

Chile's impressive rise continues at Confed Cup

Chile's indestructible team spirit and unyielding attitude have laid the foundations for a hugely successful run that will see them contest a third straight international final at the Confederations Cup. Claudio Bravo proved Chile's hero on Wednesday as t
Published 30 Jun, 2017 12:00am
Ronaldo exits Confed Cup to meet newborn twins

Ronaldo exits Confed Cup to meet newborn twins

Portugal's superstar captain Cristiano Ronaldo revealed Thursday he will not play in the Confederations Cup third-place match this weekend as he will finally meet his newborn twin boys. Hours after Wednesday's 3-0 defeat to Chile in a penalty shoot-out in
Published 30 Jun, 2017 12:00am
Judge in UK blaze probe 'doubtful' can satisfy survivors

Judge in UK blaze probe 'doubtful' can satisfy survivors

A retired judge appointed to lead a public inquiry into the London tower block fire on Thursday said he was "doubtful" survivors will be satisfied by the scope of the probe into the deadly blaze. Martin Moore-Bick was named by Prime Minister Theresa May a
Published 30 Jun, 2017 12:00am
How studio giants dropped rivalry for 'Spiderman' reboot

How studio giants dropped rivalry for 'Spiderman' reboot

"Spider-Man: Homecoming" sees one of the most successful superheroes in movie history return to his comic book roots - but the film's release is a landmark Hollywood event for a different reason. The $175 million blockbuster brings together two corporate
Published 30 Jun, 2017 12:00am
US Treasury sanctions Chinese bank for illegal North Korea activity

US Treasury sanctions Chinese bank for illegal North Korea activity

The US Treasury Department on Thursday slapped sanctions on a Chinese bank over illicit activities in North Korea, including facilitating the production of weapons of mass destruction. Bank of Dandong which "acts as a conduit for illicit North Korean fina
Published 30 Jun, 2017 12:00am
Saudi releases Iran fishermen held for over a year

Saudi releases Iran fishermen held for over a year

Saudi Arabia released five Iranian fishermen held for over a year, news agencies in Iran reported Thursday, in a rare sign of conciliation between the regional rivals. The five fishermen were said to have been in custody since they strayed into Saudi wate
Published 30 Jun, 2017 12:00am
Jury finds five guilty of Kremlin foe Nemtsov murder

Jury finds five guilty of Kremlin foe Nemtsov murder

A Russian jury on Thursday found all five defendants guilty of organising and carrying out the contract killing of opposition leader Boris Nemtsov, after a trial his allies say failed to unmask the masterminds. Former deputy prime minister Nemtsov, a fier
Published 30 Jun, 2017 12:00am
Sony to start spinning vinyl after 30-year hiatus

Sony to start spinning vinyl after 30-year hiatus

Three decades after it abandoned vinyl production, Sony says it will start making records again on the back of surging demand for the retro music format. A factory southwest of Tokyo will be churning out freshly pressed records by March next year, Sony Mu
Published 30 Jun, 2017 12:00am
UK government refers Sky-Fox takeover to formal probe

UK government refers Sky-Fox takeover to formal probe

The British government said Thursday it wants a takeover of pan-European satellite TV giant Sky by Rupert Murdoch's 21st Century Fox entertainment group to undergo an in-depth probe by the competition authorities. "I confirm that I am minded to refer to a
Published 30 Jun, 2017 12:00am
China's Liu Xiaobo cannot be moved elsewhere for treatment

China's Liu Xiaobo cannot be moved elsewhere for treatment

Chinese authorities on Thursday told U.S., German and European Union diplomats that Nobel Peace Prize-winning activist Liu Xiaobo cannot be moved to get medical treatment elsewhere due to his illness, a source briefed on the meeting told Reuters. Liu, 61,
Published 30 Jun, 2017 12:00am
Man who claimed he lost family in London tower fire arrested for fraud

Man who claimed he lost family in London tower fire arrested for fraud

A man who claimed he had lost his wife and son in the London tower block blaze that killed at least 80 people has been arrested on suspicion of fraud, police said on Thursday. The 52-year-old came forward after Grenfell Tower was gutted on June 14 to say
Published 30 Jun, 2017 12:00am
China protests US bill calling for port visits to Taiwan by navy

China protests US bill calling for port visits to Taiwan by navy

China responded angrily and said it had protested to Washington after a US Senate committee approved a bill calling for the resumption of port visits to Taiwan by the US Navy for the first time since the United States adopted a one-China policy in 1979.
Published 30 Jun, 2017 12:00am
Qatar's defence minister to visit Turkey amid base controversy

Qatar's defence minister to visit Turkey amid base controversy

The defence minister of Qatar is to visit its ally Turkey on Friday, state media reported, as Ankara resists pressure to shutter a military base in the emirate's unresolved row with Gulf neighbours. Hamad bin Ali al-Attiyah will meet with Turkish Defence
Published 30 Jun, 2017 12:00am
Police officer killed during Congo jail raid

Police officer killed during Congo jail raid

Unknown attackers killed a police officer during a raid on a jail in Democratic Republic of Congo's capital Kinshasa on Thursday, police and diplomatic sources told Reuters. The raid took place just hours after the government said it had cancelled a major
Published 30 Jun, 2017 12:00am
Japan, EU to hold two days of talks on trade deal

Japan, EU to hold two days of talks on trade deal

Japan's foreign minister said he will hold two days of talks with the EU trade commissioner in Tokyo Friday, as the two sides look to ink a long-awaited agreement. The comments from Fumio Kishida Thursday come after four years of talks aimed at hammering
Published 30 Jun, 2017 12:00am
Iraq sees end to 'caliphate' as Mosul mosque recaptured

Iraq sees end to 'caliphate' as Mosul mosque recaptured

Iraq declared the Islamic State group's "caliphate" was coming to an end after it recaptured Mosul's iconic Nuri mosque Thursday, three years to the day after it was proclaimed by the jihadists. The jihadist group announced its self-styled "caliphate" on
Published 30 Jun, 2017 12:00am
Church rocked by sex assault charges against top cardinal

Church rocked by sex assault charges against top cardinal

Vatican finance chief Cardinal George Pell said Thursday that he would return to Australia to try to clear his name after becoming the most senior Catholic cleric to be charged with criminal offences linked to the Church's longrunning sexual abuse scandal
Published 30 Jun, 2017 12:00am
Canada prolongs Iraq mission to 2019

Canada prolongs Iraq mission to 2019

Canada will continue to train Kurdish militia for another two years as part of the US-led coalition fighting the Islamic State group in Iraq, the defense minister announced Thursday. The mission extension is the third in as many years, and Defense Ministe
Published 30 Jun, 2017 12:00am
Nato looks to Mattis for Afghanistan plan

Nato looks to Mattis for Afghanistan plan

Pentagon chief Jim Mattis met Nato allies Thursday to brief them on US strategy in Afghanistan as alliance agreed to bolster troop numbers to help train local forces to contain a resurgent Taliban. Members of the 29-member Nato are looking to Mattis for f
Published 30 Jun, 2017 12:00am
ICE cotton nearly unchanged ahead of US export
Cotton

ICE cotton nearly unchanged ahead of US export

ICE cotton futures were nearly unchanged on Wednesday in thin trade ahead of this week's US export sales and planting data, with a large harvest expected. Cotton contracts for December settled down 0.06 cent, or 0.09 percent, at 67.65 cents per lb. It tra
Published 30 Jun, 2017 12:00am
Dollar, stocks and technicals help copper to three-month high
Exchange

Dollar, stocks and technicals help copper to three-month high

Copper prices hit three-month peaks on Thursday, boosted by a lower dollar, expectations of stronger demand from top consumer China, falling stocks and a break of a major technical level. Benchmark copper on the London Metal Exchange ended up one percent
Published 30 Jun, 2017 12:00am
Oil extends gains to sixth day on dip in US output

Oil extends gains to sixth day on dip in US output

Oil futures ended slightly higher on Thursday, extending crude's rally to a sixth straight session after a decline in weekly US crude production temporarily eased concerns about deepening oversupply. US crude futures settled up 19 cents at $44.93 a barrel
Published 30 Jun, 2017 12:00am
Tokyo rubber hits one-month high
Exchange

Tokyo rubber hits one-month high

Benchmark Tokyo rubber futures ended higher for a fourth straight session on Thursday after hitting a one-month high earlier, buoyed by firm oil futures and bullish Shanghai futures, dealers said. Rubber also got support from a slightly weaker yen against
Published 30 Jun, 2017 12:00am
Weaker dollar helps lift gold in New York

Weaker dollar helps lift gold in New York

Gold prices rose on Wednesday as the dollar weakened for a second straight day following a global cyber attack and a delay to US healthcare legislation that fueled doubts about President Donald Trump's ability to pass measures expected to boost the econom
Published 30 Jun, 2017 12:00am
Gold inches up as dollar tumbles to lowest since October

Gold inches up as dollar tumbles to lowest since October

Gold edged higher on Thursday as the US dollar weakened against other currencies on bets that central banks in Europe were preparing to scale back monetary stimulus, but the bullion's gains were capped by a surge in equities. The dollar index, which track
Published 30 Jun, 2017 12:00am
Gold falls as central bank comments lift yields

Gold falls as central bank comments lift yields

Gold prices fell on Thursday as signs that central banks may scale back their ultra-loose monetary policy pushed bond yields higher on both sides of the Atlantic, though a decline in the dollar to its lows for the year lent support.
Published 30 Jun, 2017 12:00am
Asian rice prices fall in quiet market after month-long rally

Asian rice prices fall in quiet market after month-long rally

Rice prices fell in the world's top three exporters of the staple grain this week after a month-long rally fuelled by prospects of export to Bangladesh, traders said on Thursday. Bangladesh has emerged as a major importer of the staple grain this year due
Published 30 Jun, 2017 12:00am
US MIDDAY: wheat higher
Exchange

US MIDDAY: wheat higher

Wheat futures on all three US markets climbed on Thursday as Minneapolis Grain Exchange (MGEX) spring wheat futures charged to a three-year high on dry forecasts for the northern US Plains and a smaller-than-expected Canadian plantings figure, traders sai
Published 30 Jun, 2017 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold prices fell on Thursday as signs that central banks may scale back their ultra-loose monetary policy pushed bond yields higher on both sides of the Atlantic, though a decline in the dollar to its lows for the year lent support. Gold is highly sensiti
Published 30 Jun, 2017 12:00am
HMC declares rain emergency

HMC declares rain emergency

The Hyderabad Municipal Corporation (HMC) has enforced the rain emergency and cancelled leaves of all officers and staff. The HMC's Mayor Syed Tayyab Hussain directed the officers and staff at a meeting here on Thursday to ensure all arrangements for prov
Published 30 Jun, 2017 12:00am
Shahbaz lambastes hockey team for pathetic performance

Shahbaz lambastes hockey team for pathetic performance

Expressing dejection at national hockey team's pathetic performance in the recently concluded World Hockey League semi-final round, Secretary Pakistan Hockey Federation (PHF) Shahbaz Ahmed Senior said on Thursday that the current Pakistan outfit lacked in
Published 30 Jun, 2017 12:00am
World should recognise Pakistan's counter-terrorism efforts: China

World should recognise Pakistan's counter-terrorism efforts: China

China said that Pakistan was at the forefront of counter-terrorism and had made important contribution to the international campaign against terrorism. "I must say that Pakistan is at the forefront of counter-terrorism and has made important contribution
Published 30 Jun, 2017 12:00am
Ministry told to decide Hajj quota strictly on merit

Ministry told to decide Hajj quota strictly on merit

The Lahore High Court on Thursday directed the religious affairs ministry to decide the Hajj quota strictly on merit and disposed of the petitions of the private tour operators.
Published 30 Jun, 2017 12:00am
Justice Khosa takes over as Acting CJP

Justice Khosa takes over as Acting CJP

Justice Asif Saeed Khan Khosa has taken oath as Acting Chief Justice of Pakistan. The oath was administered by Justice Dost Muhammad Khan in a simple but dignified ceremony in the Supreme Court, Islamabad on Thursday. Justice Asif Saeed Khan Khosa will ac
Published 30 Jun, 2017 12:00am
Woman among eight held on drugs smuggling charges

Woman among eight held on drugs smuggling charges

Anti-Narcotics Force (ANF) has recovered drugs in seven countrywide operations and arrested eight persons, including a woman, involved in drug smuggling. The recovered drugs comprised 64.33 kg hashish, 2.125 kg ice and 460 gram heroin. The operations also
Published 30 Jun, 2017 12:00am
Systematic slaughter of Muslims in India under Modi's regime: report

Systematic slaughter of Muslims in India under Modi's regime: report

There is a silent but systematic slaughter against Muslims in India since the government of Prime Minister Narendra Modi took over three years ago and his silence to condemn attacks on the minorities has emboldened extremist right-wing groups, a Washingto
Published 30 Jun, 2017 12:00am
LCWU, UNESCO to launch awareness campaign for water management

LCWU, UNESCO to launch awareness campaign for water management

Lahore College for Women University (LCWU) and UNESCO will launch awareness campaign in slum areas regarding water management and kitchen gardening. UNESCO's focal person for population planning Shaista Perwez Malik, MNA, will facilitate varsity in this r
Published 30 Jun, 2017 12:00am
Textile sector needs government's attention for survival: MCCI
Cotton

Textile sector needs government's attention for survival: MCCI

Multan Chamber of Commerce and Industry (MCCI) on Thursday said that textile sector needs immediate attention of the government for its survival otherwise people would be rendered jobless after the closure of textile industry. MCCI President Khawaja Jalal
Published 30 Jun, 2017 12:00am
Torrential rains: DC puts departmental services on high alert

Torrential rains: DC puts departmental services on high alert

Divisional Commissioner Momin Agha directed for putting the departmental services on high alert in Faisalabad division to cope with any emergency situation due to torrential rains and flood in rivers during monsoon season.
Published 30 Jun, 2017 12:00am
Indus, Kabul & Chenab Rivers in low flood

Indus, Kabul & Chenab Rivers in low flood

The mighty Indus is in low flood with the flow of 2,48,000 cusecs at Chashma, river Kabul is in low flood at Nowshera with 59,000 cusecs running water and the river Chenab is in low flood at Marala with the flow of 91,000 cusecs of water. The Flood Warnin
Published 30 Jun, 2017 12:00am
Chief Minister's directive for setting up flood control rooms

Chief Minister's directive for setting up flood control rooms

Punjab Chief Minister Muhammad Shahbaz Sharif has directed all the concerned departments to remain vigilant and alert in the wake of any possible floods and also maintain close and continuous liaison with each other to cope with any emergent situation.
Published 30 Jun, 2017 12:00am
Emirates wins award

Emirates wins award

Emirates has won World's Best In-flight entertainment award for a record 13th year at the prestigious Skytrax World Airline Awards 2017. The airline also picked up the award for Best First Class Comfort Amenities. The Skytrax World Airline Awards are cons
Published 30 Jun, 2017 12:00am
Conspiracy being hatched against Prime Minister: Saad

Conspiracy being hatched against Prime Minister: Saad

Pakistan Railways Minister and PML-N senior leader, Khawaja Saad Rafique said on Thursday that a conspiracy was being hatched to punish Prime Minister Nawaz Sharif over his economic turnaround with regard to the China-Pakistan Economic Corridor (CPEC).
Published 30 Jun, 2017 12:00am
Cabinet body praised for maintaining L&O during Eid

Cabinet body praised for maintaining L&O during Eid

Punjab Chief Minister Muhammad Shahbaz Sharif has commended the performance of Provincial Cabinet Committee for Law and Order for making best security arrangement to protect life and property of the people on Eid. He said that the performance of police an
Published 30 Jun, 2017 12:00am
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