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Print - 2017-07-16
CJCSC identifies forces inimical to CPEC

CJCSC identifies forces inimical to CPEC

The 107th Midshipmen and 16th Short Service Commission Course Commissioning Parade, comprising 72 Pakistani and 28 officers from friendly countries, was held at Pakistan Naval Academy PNS Rahbar. General Zubair Mahmood Hayat, Chairman Joint Chiefs of Staf
Published 16 Jul, 2017 12:00am
Dissolution of EDB: cabinet endorses CCoE decision

Dissolution of EDB: cabinet endorses CCoE decision

The Federal cabinet has ratified the decision of Cabinet Committee on Energy (CCoE) on dissolution of Engineering Development Board (EDB), well informed sources told Business Recorder . The Cabinet Division, sources said, submitted the decisions of
Published 16 Jul, 2017 12:00am
Dissolution of EDB: cabinet endorses CCoE decision

Dissolution of EDB: cabinet endorses CCoE decision

The Federal cabinet has ratified the decision of Cabinet Committee on Energy (CCoE) on dissolution of Engineering Development Board (EDB), well informed sources told Business Recorder . The Cabinet Division, sources said, submitted the decisions of
Published 16 Jul, 2017 12:00am
Dissolution of EDB: cabinet endorses CCoE decision

Dissolution of EDB: cabinet endorses CCoE decision

The Federal cabinet has ratified the decision of Cabinet Committee on Energy (CCoE) on dissolution of Engineering Development Board (EDB), well informed sources told Business Recorder . The Cabinet Division, sources said, submitted the decisions of
Published 16 Jul, 2017 12:00am
Turkey marks year since 'epic' defeat of anti-Erdogan coup

Turkey marks year since 'epic' defeat of anti-Erdogan coup

Turkey on Saturday marked one year since the defeat of the coup aimed at ousting President Recep Tayyip Erdogan, seeking to showcase national unity and his grip on power in an increasingly polarised society. The authorities have declared July 15 an annual
Published 16 Jul, 2017 12:00am
Turkey marks year since 'epic' defeat of anti-Erdogan coup

Turkey marks year since 'epic' defeat of anti-Erdogan coup

Turkey on Saturday marked one year since the defeat of the coup aimed at ousting President Recep Tayyip Erdogan, seeking to showcase national unity and his grip on power in an increasingly polarised society. The authorities have declared July 15 an annual
Published 16 Jul, 2017 12:00am
Facebook rejects Pakistan''s demand

Facebook rejects Pakistan''s demand

A United States news agency on Saturday reported that administration of Facebook has turned down Pakistan''s demand of linking opening of new accounts with mobile number citing issue of users'' rights. On meeting with Pakistani officials, Facebook Spokesp
Published 16 Jul, 2017 12:00am
Facebook rejects Pakistan's demand

Facebook rejects Pakistan's demand

A United States news agency on Saturday reported that administration of Facebook has turned down Pakistan's demand of linking opening of new accounts with mobile number citing issue of users' rights. On meeting with Pakistani officials, Facebook Spokesper
Published 16 Jul, 2017 12:00am
Facebook rejects Pakistan's demand

Facebook rejects Pakistan's demand

A United States news agency on Saturday reported that administration of Facebook has turned down Pakistan's demand of linking opening of new accounts with mobile number citing issue of users' rights. On meeting with Pakistani officials, Facebook Spokesper
Published 16 Jul, 2017 12:00am
55 companies fail to file statement of compliance with SECP
Exchange

55 companies fail to file statement of compliance with SECP

A total of 55 public sector companies have not filed their statement of compliance with the Securities and Exchange Commission of Pakistan (SECP) for the year ended on June 30, 2016 and December 2016. According to the Compliance Summary of SOCs issued by
Published 16 Jul, 2017 12:00am
55 companies fail to file statement of compliance with SECP
Exchange

55 companies fail to file statement of compliance with SECP

A total of 55 public sector companies have not filed their statement of compliance with the Securities and Exchange Commission of Pakistan (SECP) for the year ended on June 30, 2016 and December 2016. According to the Compliance Summary of SOCs issued by
Published 16 Jul, 2017 12:00am
55 companies fail to file statement of compliance with SECP
Exchange

55 companies fail to file statement of compliance with SECP

A total of 55 public sector companies have not filed their statement of compliance with the Securities and Exchange Commission of Pakistan (SECP) for the year ended on June 30, 2016 and December 2016. According to the Compliance Summary of SOCs issued by
Published 16 Jul, 2017 12:00am
Panama case being used as political weapon: Fazl

Panama case being used as political weapon: Fazl

Chief of Jamiat Ulema-e-Islam (JUI-F) Maulana Fazl-ur-Rehman on Saturday said that Panama case was being used as a political weapon. Talking to media here, Fazl said that the JUI-F stood by the country, the nation and the constitution. He added that Panam
Published 16 Jul, 2017 12:00am
Panama case being used as political weapon: Fazl

Panama case being used as political weapon: Fazl

Chief of Jamiat Ulema-e-Islam (JUI-F) Maulana Fazl-ur-Rehman on Saturday said that Panama case was being used as a political weapon. Talking to media here, Fazl said that the JUI-F stood by the country, the nation and the constitution. He added that Panam
Published 16 Jul, 2017 12:00am
Saad sees a 'foreign-sponsored conspiracy'

Saad sees a 'foreign-sponsored conspiracy'

Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Saad Rafique and Minister for Railways Saturday termed Panama Papers a "foreign-sponsored conspiracy" to target a nuclear Pakistan. "I am of the opinion that Panama Papers is a conspiracy sponsored from
Published 16 Jul, 2017 12:00am
Saad sees a 'foreign-sponsored conspiracy'

Saad sees a 'foreign-sponsored conspiracy'

Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Saad Rafique and Minister for Railways Saturday termed Panama Papers a "foreign-sponsored conspiracy" to target a nuclear Pakistan. "I am of the opinion that Panama Papers is a conspiracy sponsored from
Published 16 Jul, 2017 12:00am
Name 'conspirators,' PPP asks PML-N

Name 'conspirators,' PPP asks PML-N

Qamar Zaman Kaira, former information minister and Pakistan Peoples Party Parliamentarians (PPPP) leader has said that Prime Minister Nawaz Sharif should disclose who is 'conspiring' against him; otherwise, he should step down immediately. "The party does
Published 16 Jul, 2017 12:00am
Name 'conspirators,' PPP asks PML-N

Name 'conspirators,' PPP asks PML-N

Qamar Zaman Kaira, former information minister and Pakistan Peoples Party Parliamentarians (PPPP) leader has said that Prime Minister Nawaz Sharif should disclose who is 'conspiring' against him; otherwise, he should step down immediately. "The party does
Published 16 Jul, 2017 12:00am
Your rupee last quarter
Exchange

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (April 3 to June 30, 2017)

Published 16 Jul, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (July 15, 2017) and the forecast for Sunday (July 16, 2017).

Published 16 Jul, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 14, 2017).

Published 16 Jul, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 15, 2017).

Published 16 Jul, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 15, 2017)

Published 16 Jul, 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 (July 15, 2017).

Published 16 Jul, 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 (July 15, 2017).

Published 16 Jul, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 15, 2017).

Published 16 Jul, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 15, 2017).

Published 16 Jul, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee resisted more decline against the dollar on the currency market on Saturday in the process of trading, dealers said. The rupee maintained overnight levels in relation to the dollar each for buying and selling counters at Rs 106.70 and Rs 107.00
Published 16 Jul, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee resisted more decline against the dollar on the currency market on Saturday in the process of trading, dealers said. The rupee maintained overnight levels in relation to the dollar each for buying and selling counters at Rs 106.70 and Rs 107.00
Published 16 Jul, 2017 12:00am
Member to Member
Exchange

Member to Member

The following transactions member to member subsequently reported on Saturday (July 15, 2017).

Published 16 Jul, 2017 12:00am
China's June steel exports fall
Exchange

China's June steel exports fall

China's exports of steel products eased in June from the month before as tight local supply kept material at home, while shipments of aluminium were steady, customs data showed on Thursday. Exports of steel products fell 2.4 percent to 6.81 million tonnes
Published 16 Jul, 2017 12:00am
Canadian canola futures tumble

Canadian canola futures tumble

ICE Canadian canola futures sank on Thursday for a third straight session, touching a two-week low, on spillover pressure from sagging US crop prices as a cooler, wetter Midwest forecast looked helpful for crops. Canola's recent selloff helped correct an
Published 16 Jul, 2017 12:00am
CBOT soyabean futures fall on US weather

CBOT soyabean futures fall on US weather

Soyabean futures on the Chicago Board of Trade fell Thursday on technical selling and forecasts called for less-threatening weather in the US Midwest, traders said. CBOT August soyabeans settled down 45-1/4 cents at $9.75-1/2 per bushel, and new-crop Nove
Published 16 Jul, 2017 12:00am
US wheat futures lower as trade digests monthly USDA data

US wheat futures lower as trade digests monthly USDA data

US wheat futures fell Thursday on spillover pressure from soybeans and corn and follow-through selling tied to bearish data in Wednesday's monthly reports from the US Department of Agriculture, traders said. Chicago Board of Trade September wheat settled
Published 16 Jul, 2017 12:00am
Palm oil drops on European vegoils market
Vegetable Oil

Palm oil drops on European vegoils market

Palm oil on the European vegetable oils market dropped on Thursday following losses in futures market, on forecasts for improving crop weather in the US Midwest and due to technical selling following recent gains. Asking prices for palm oil were between u
Published 16 Jul, 2017 12:00am
Indonesia unlikely to need to import LNG until 2020

Indonesia unlikely to need to import LNG until 2020

Indonesia is unlikely to need to import liquefied natural gas (LNG) until at least 2020 due to robust gas production at home, a senior government official said on Wednesday, even as the government has pushed increased domestic gas consumption. "Our produc
Published 16 Jul, 2017 12:00am
Rice prices fall in Thailand, India on weaker demand

Rice prices fall in Thailand, India on weaker demand

Rice prices in India and Thailand, the world's top two exporters of the grain, fell this week on low export demand, traders said on Thursday. Thailand's benchmark 5-percent broken rice was quoted at $400-$405 on Thursday, free-on-board (FOB) Bangkok, comp
Published 16 Jul, 2017 12:00am
Cotton prices firmer on modest business
Cotton

Cotton prices firmer on modest business

Stable trend was witnessed on the cotton market on Saturday in the process of modest trading, dealers said. The official spot rate sustained overnight level at Rs 6200, they said. In the ready session around 2000 bales of cotton were sold at Rs 6400, they
Published 16 Jul, 2017 12:00am
Soyameal down on European feeds market

Soyameal down on European feeds market

Soyameal on the European meals and feeds market eased on Thursday as CBOT soyameal futures fell sharply on forecasts for cooler weather in the US Midwest. South American soyameal was offered between $2 and $6 a tonne lower. Buyers held back, expecting pri
Published 16 Jul, 2017 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot basis bids for hard red winter (HRW) wheat in the southern US Plains remained steady on Thursday, despite a second round of heavy futures selling, dealers said. Chicago Board of Trade Kansas City HRW wheat futures trended sharply lower in the wake of
Published 16 Jul, 2017 12:00am
Freight rates for VLCC come under pressure

Freight rates for VLCC come under pressure

Freight rates for very large crude carriers (VLCCs) are coming under pressure from a build up in ships waiting for new charters and depressed rates in smaller tanker sizes, brokers said on Friday. "At the slightest attempt by owners to push rates higher,
Published 16 Jul, 2017 12:00am
Trade slow in Asian coffee exporting states

Trade slow in Asian coffee exporting states

Trade was slow across major Asian coffee exporting nations as Indonesian traders held back beans amid falling prices while supply in Vietnam tightened towards the end of its crop season, traders said on Thursday. A fall in the London ICE September contrac
Published 16 Jul, 2017 12:00am
European gasoline margins down

European gasoline margins down

Benchmark European gasoline refining margins fell on Thursday after a sharp rise in crude prices, but a draw in Atlantic Basin stocks capped losses. Oil prices rose 1.5 percent on strong Chinese demand and despite a downbeat report by the International En
Published 16 Jul, 2017 12:00am
Asian naphtha down to six-session low

Asian naphtha down to six-session low

Asia's naphtha crack was at a six-session low of $50.10 a tonne on Thursday as a stubborn glut continued to offset firm demand and weighed on spot prices. South Korea's YNCC bought three cargoes averaging a total of 75,000 tonnes of naphtha for second-hal
Published 16 Jul, 2017 12:00am
US natural gas futures fall on moderate demand

US natural gas futures fall on moderate demand

US natural gas futures eased on Thursday on forecasts for production to rise and demand to moderate, despite a slightly smaller-than-expected weekly inventory build. The US Energy Information Administration (EIA) said utilities added 57 billion cubic feet
Published 16 Jul, 2017 12:00am
Brazil poised to export record volumes of corn

Brazil poised to export record volumes of corn

Bolstered by a bumper winter crop, Brazil is poised to export near-record volumes of corn this year, remaining a strong competitor against the United States and Argentina in global markets. The attractiveness of Brazil's corn to growers is amplified by go
Published 16 Jul, 2017 12:00am
EU wheat futures slide to two-week low
Exchange

EU wheat futures slide to two-week low

European wheat futures fell to a two-week low on Thursday in a broad retreat on grain markets after a closely watched US government crop report projected higher than expected supplies and as weather forecasts looked more favourable. December milling wheat
Published 16 Jul, 2017 12:00am
Carrefour's Brazil unit seeks up to $1.7 billion in IPO
Exchange

Carrefour's Brazil unit seeks up to $1.7 billion in IPO

French retailer Carrefour SA's Brazilian unit has filed for an initial public offering that could raise 4.5 billion to 5.6 billion reais ($1.4 billion to $1.7 billion), making it Brazil's biggest listing in over four years.
Published 16 Jul, 2017 12:00am
Carrefour's Brazil unit seeks up to $1.7 billion in IPO
Exchange

Carrefour's Brazil unit seeks up to $1.7 billion in IPO

French retailer Carrefour SA's Brazilian unit has filed for an initial public offering that could raise 4.5 billion to 5.6 billion reais ($1.4 billion to $1.7 billion), making it Brazil's biggest listing in over four years.
Published 16 Jul, 2017 12:00am
ICICI Lombard files for first Indian IPO by a non-life insurer

ICICI Lombard files for first Indian IPO by a non-life insurer

India's ICICI Lombard General Insurance Co Ltd has filed for an initial public offering (IPO) of shares in what would be the first IPO by a non-life insurance company in Asia's third-largest economy. ICICI Lombard's two main shareholders - ICICI Bank Ltd
Published 16 Jul, 2017 12:00am
Marshall Wace leads hedge fund winners on Carillion slide

Marshall Wace leads hedge fund winners on Carillion slide

Marshall Wace was the biggest winner in one of the most popular recent trades among hedge funds, with its bet on Carillion landing it a profit on paper of 19.1 million pounds in just three days. Funds including Marshall Wace have waited months for Carilli
Published 16 Jul, 2017 12:00am
Marshall Wace leads hedge fund winners on Carillion slide

Marshall Wace leads hedge fund winners on Carillion slide

Marshall Wace was the biggest winner in one of the most popular recent trades among hedge funds, with its bet on Carillion landing it a profit on paper of 19.1 million pounds in just three days. Funds including Marshall Wace have waited months for Carilli
Published 16 Jul, 2017 12:00am
TSX notches weekly gain as resources lift
Exchange

TSX notches weekly gain as resources lift

Canada's main stock index rose on Friday as gold stocks, burnished by a jump in gold prices, and certain energy and telecom names led broad gains. The top three most influential movers on the index were energy stocks. Enbridge Inc added 1.2 percent to C$5
Published 16 Jul, 2017 12:00am
Investment focus: The global equity bull market: halfway there?

Investment focus: The global equity bull market: halfway there?

Janet Yellen told US lawmakers worried about the health of the economy last year that expansions do not die of old age. As the bull market in stocks enters its eighth year and shows little signs of slowing there are growing signs that the Federal Reserve
Published 16 Jul, 2017 12:00am
Russian Polyus to increase free float for shares
Exchange

Russian Polyus to increase free float for shares

Russia's top gold producer Polyus is committed to increasing its free float to at least 10 percent and obtaining a listing in London, Chief Executive Pavel Grachev told Reuters in an interview. "We have always said we will aim to meet the Moscow Exchange
Published 16 Jul, 2017 12:00am
Weekly US stock fund flows deteriorate, lowest since April: ICI
Exchange

Weekly US stock fund flows deteriorate, lowest since April: ICI

Investors pulled $11.6 billion from domestic US stock funds during the latest week, the most cash to flee the funds in three months, according to Investment Company Institute (ICI) data on Wednesday. The domestic stock fund withdrawals during the week end
Published 16 Jul, 2017 12:00am
Earnings growth, buoyant economy to underpin European shares

Earnings growth, buoyant economy to underpin European shares

European shares are expected to continue riding a wave of upbeat investor sentiment and are set to rack up double-digit gains this year based on a rebound in corporate earnings, a recovery in economic growth and easing political risks. A Reuters poll of b
Published 16 Jul, 2017 12:00am
Cyber security firm Zscaler to hire banks for IPO

Cyber security firm Zscaler to hire banks for IPO

Zscaler Inc is interviewing investment banks to hire as underwriters for an initial public offering later this year that could value the US cyber security software firm at about $2 billion, people familiar with the matter said. If Zscaler succeeds in goin
Published 16 Jul, 2017 12:00am
Cyber security firm Zscaler to hire banks for IPO

Cyber security firm Zscaler to hire banks for IPO

Zscaler Inc is interviewing investment banks to hire as underwriters for an initial public offering later this year that could value the US cyber security software firm at about $2 billion, people familiar with the matter said. If Zscaler succeeds in goin
Published 16 Jul, 2017 12:00am
Dow, S&P notch record closes on dimmed rate hike prospects
Exchange

Dow, S&P notch record closes on dimmed rate hike prospects

The Dow and S&P 500 hit record highs on Friday after weak economic data dulled prospects of more interest rate hikes this year. A decline in financial shares limited the day's gains, even though JPMorgan Chase & Co and other big banks delivered quarterly
Published 16 Jul, 2017 12:00am
Carlyle to buy airfield lighting group ADB Safegate

Carlyle to buy airfield lighting group ADB Safegate

Buyout group Carlyle has agreed to buy airfield lighting group ADB Safegate at a valuation of about 900 million euros ($1 billion) including debt, sources familiar with the matter said. Belgium-based ADB Safegate supplies visual guidance solutions from la
Published 16 Jul, 2017 12:00am
September most likely choice for ECB policy change; July a close call

September most likely choice for ECB policy change; July a close call

The European Central Bank is likely to wait until September before announcing a shift away from its ultra-easy policy, while a move this month is seen as too close to call, a Reuters poll of economists showed. Improving economic growth in Europe and hints
Published 16 Jul, 2017 12:00am
LNG sellers open to lifting destination clauses: JERA executive

LNG sellers open to lifting destination clauses: JERA executive

Some sellers of liquefied natural gas (LNG) have told Japan's JERA Co, the world's biggest importer of the fuel, that they could be open to removing destination restrictions from existing long-term contracts, a senior executive said on Friday. JERA contac
Published 16 Jul, 2017 12:00am
IMF approves Egypt second loan payment of $1.25 billion

IMF approves Egypt second loan payment of $1.25 billion

The International Monetary Fund said on Friday it had approved a second loan installment worth $1.25 billion for Egypt. Egypt agreed to a three-year, $12 billion IMF loan programme in November that is tied to ambitious economic reforms such as subsidy cut
Published 16 Jul, 2017 12:00am
US deficits to jump $248 billion over next two years

US deficits to jump $248 billion over next two years

The budget deficit for President Donald Trump's first two years in office will be nearly $250 billion higher than initially estimated due to a shortfall in tax collections and a mistake in projecting military healthcare costs, budget chief Mick Mulvaney r
Published 16 Jul, 2017 12:00am
Germany eyes effective emission control from diesel cars

Germany eyes effective emission control from diesel cars

Germany is considering "effective measures" to cut pollution from diesel engines, the transport ministry said on Saturday, reacting to a media report saying planned goals were unambitious. German magazine Der Spiegel reported that, after pressure from the
Published 16 Jul, 2017 12:00am
GM teams up with Uber to expand Maven programme to Australia

GM teams up with Uber to expand Maven programme to Australia

General Motors Co said on Saturday it was testing its car-sharing operation, Maven, in Australia through a pilot programme with ride-hailing company Uber Technologies Inc. The leasing agreement will allow Uber drivers to rent cars produced by GM's Austral
Published 16 Jul, 2017 12:00am
Cuba bounces back from recession in first half of year: minister

Cuba bounces back from recession in first half of year: minister

Cuba's economy bounced back from recession and expanded an estimated 1.1 percent in the first half of this year, driven by growth in tourism, construction and agriculture, Economy Minister Ricardo Cabrisas told the National Assembly on Friday. The figure
Published 16 Jul, 2017 12:00am
Austrian lawmaker files charges against Daimler over Eurofighter

Austrian lawmaker files charges against Daimler over Eurofighter

Austrian Green party lawmaker Peter Pilz has filed a complaint with Vienna prosecutors against Daimler, alleging deception and serious fraud linked to business deals that accompanied the country's 2003 purchase of Eurofighter jets. Vienna prosecutors are
Published 16 Jul, 2017 12:00am
Toyota made UK investment decision after Brexit reassurances
Exchange

Toyota made UK investment decision after Brexit reassurances

The British government helped to secure a more than 240-million ($310 million) pound investment from Toyota in its English plant with a letter reassuring the Japanese carmaker over post-Brexit trading arrangements, two sources told Reuters. Toyota said on
Published 16 Jul, 2017 12:00am
China's central bank mulls further yuan reforms
Exchange

China's central bank mulls further yuan reforms

China appears to be considering further reforms to its foreign exchange market such as reduced state meddling and freer trading of the yuan, but analysts are sceptical about its efforts to relax currency controls. A newspaper run by China's central bank p
Published 16 Jul, 2017 12:00am
Aussie, kiwi seen flying high near-term, before gliding lower

Aussie, kiwi seen flying high near-term, before gliding lower

The Australian and New Zealand dollars are expected to hold near multi-month peaks in the near-term but further gains are seen capped as their yield advantage narrows amid rising expectations of monetary tightening in Europe and the United States. A Reute
Published 16 Jul, 2017 12:00am
Canadian dollar notches 14-month high

Canadian dollar notches 14-month high

The Canadian dollar touched a 14-month high against its US counterpart on Friday as gains for oil added to support for the currency from higher interest rates, while data showed that bearish bets on the loonie have been slashed. Speculators cut bearish be
Published 16 Jul, 2017 12:00am
Dollar falls as year-end US rate hike bets cool after weak data

Dollar falls as year-end US rate hike bets cool after weak data

The dollar fell against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth and whether the Federal Reserve would raise interest rates again in 2017.
Published 16 Jul, 2017 12:00am
LatAm currencies up

LatAm currencies up

Latin American currencies strengthened on Friday after weaker-than-expected US economic data reduced bets on a third US interest rate increase this year, with Mexico's peso gaining to its strongest level against the dollar in 14 months. US consumer prices
Published 16 Jul, 2017 12:00am
Speculators trim net long US dollar bets, up yen short bets

Speculators trim net long US dollar bets, up yen short bets

Speculators this week slashed net long bets on the US dollar to their lowest since mid-May last year, and boosted Japanese yen net short bets to their largest since mid-March, according to calculations by Reuters and Commodity Futures Trading Commission d
Published 16 Jul, 2017 12:00am
Norway, Sweden crowns expected to strengthen against euro, dollar

Norway, Sweden crowns expected to strengthen against euro, dollar

The Swedish and Norwegian currencies will turn stronger against the euro in coming months, reversing a trend seen so far this year, and will continue to gain ground against the dollar, a Reuters poll predicted on Friday. The central banks of both countrie
Published 16 Jul, 2017 12:00am
Bullish bets dip in most Asia FX; Philippine peso bearish bets climb

Bullish bets dip in most Asia FX; Philippine peso bearish bets climb

Bullish bets on most emerging Asian currencies eased in the last two weeks as a sell-off in bonds amid global monetary tightening boosted US Treasury yields and brightened the outlook for the dollar, putting emerging market currencies under pressure, a Re
Published 16 Jul, 2017 12:00am
No agreement on new deal as talks continue in Australia

No agreement on new deal as talks continue in Australia

Australia's players and the country's governing body have been involved in discussions since Friday but have yet to reach an agreement on a new Memorandum of Understanding (MoU), the Australian Cricketers' Association (ACA) said on Saturday. Australia's "
Published 16 Jul, 2017 12:00am
Hamilton motors to record-tying British GP pole

Hamilton motors to record-tying British GP pole

Lewis Hamilton stormed to a fifth pole position for the British Grand Prix with a devastating lap in a tense and rain-affected qualifying session on Saturday. The three-time world champion thrilled the home fans with a stunning lap of 1min 26.600sec in th
Published 16 Jul, 2017 12:00am
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