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Print - 2017-07-18
Fata authorities asked to accelerate pace of development

Fata authorities asked to accelerate pace of development

Khyber Pakhtunkhwa Governor, Engineer Iqbal Zafar Jhagra has asked the concerned authorities of Fata Secretariat to accelerate the pace of development and ensure efficient utilization of funds in Fata. The annual allocation of Rs 24.5 billion for developm
Published 18 Jul, 2017 12:00am
Government strategy aimed at buying time?

Government strategy aimed at buying time?

Prime Minister Nawaz Sharif urged the Supreme Court on Monday to reject the Joint Investigation Team (JIT) report in the Panama Papers case while seeking dismissal of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan's plea for the Premier's disqualifica
Published 18 Jul, 2017 12:00am
Dar challenges findings

Dar challenges findings

Finance Minister Ishaq Dar, one of the respondents in the Panama Papers case, challenged the findings of Joint Investigation Team (JIT) Monday, terming these "false, baseless and mala-fide allegations" and urged Supreme Court to reject contents of the rep
Published 18 Jul, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 17, 2017).

Published 18 Jul, 2017 12:00am
Dar challenges findings

Dar challenges findings

Finance Minister Ishaq Dar, one of the respondents in the Panama Papers case, challenged the findings of Joint Investigation Team (JIT) Monday, terming these "false, baseless and mala-fide allegations" and urged Supreme Court to reject contents of the rep
Published 18 Jul, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 17, 2017).

Published 18 Jul, 2017 12:00am
Sharifs have nothing to say in defence: Imran

Sharifs have nothing to say in defence: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Monday said that the Sharif family has nothing to say in its defence. Khan presided over a meeting of senior party members at his Banigala residence, which held consultation over the Monday hearing of
Published 18 Jul, 2017 12:00am
Sharifs have nothing to say in defence: Imran

Sharifs have nothing to say in defence: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Monday said that the Sharif family has nothing to say in its defence. Khan presided over a meeting of senior party members at his Banigala residence, which held consultation over the Monday hearing of
Published 18 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 Monday (July 17, 2017).

Published 18 Jul, 2017 12:00am
Export of more sugar in two phases sans rebate likely

Export of more sugar in two phases sans rebate likely

Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Tuesday (today) with Finance Minister Ishaq Dar in the chair, is likely to approve export of additional quantity of 0.6 million tons sugar in two phases without rebate, we
Published 18 Jul, 2017 12:00am
Export of more sugar in two phases sans rebate likely

Export of more sugar in two phases sans rebate likely

Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Tuesday (today) with Finance Minister Ishaq Dar in the chair, is likely to approve export of additional quantity of 0.6 million tons sugar in two phases without rebate, we
Published 18 Jul, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 17, 2017)

Published 18 Jul, 2017 12:00am
Export of more sugar in two phases sans rebate likely

Export of more sugar in two phases sans rebate likely

Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Tuesday (today) with Finance Minister Ishaq Dar in the chair, is likely to approve export of additional quantity of 0.6 million tons sugar in two phases without rebate, we
Published 18 Jul, 2017 12:00am
Two FC soldiers martyred in Peshawar blast

Two FC soldiers martyred in Peshawar blast

Two security personnel were martyred and four others injured in a suicide attack near Bagh-e-Naran in Hayatabad, Peshawar on Monday morning, according to ISPR. Riding a motorcycle, the bomber was wearing a suicide jacket with 11 kilogrammes of explosive m
Published 18 Jul, 2017 12:00am
Two FC soldiers martyred in Peshawar blast

Two FC soldiers martyred in Peshawar blast

Two security personnel were martyred and four others injured in a suicide attack near Bagh-e-Naran in Hayatabad, Peshawar on Monday morning, according to ISPR. Riding a motorcycle, the bomber was wearing a suicide jacket with 11 kilogrammes of explosive m
Published 18 Jul, 2017 12:00am
Argentina's Macri boosts mortgage credits to win back middle class

Argentina's Macri boosts mortgage credits to win back middle class

Argentina's new subsidized mortgage scheme is gathering steam, boosting construction activity and winning over the middle class ahead of mid-term elections in October that will determine the future of President Mauricio Macri's market-friendly agenda.
Published 18 Jul, 2017 12:00am
Shahjehan Karim passes away

Shahjehan Karim passes away

Founder president of the Institute of Business Management (IoBM) Shahjehan Syed Karim passed away on Monday after a protracted illness. He was 85. Shahjehan Karim was a well-known figure for his pioneering role in education sector in the country. He also
Published 18 Jul, 2017 12:00am
Shahjehan Karim passes away

Shahjehan Karim passes away

Founder president of the Institute of Business Management (IoBM) Shahjehan Syed Karim passed away on Monday after a protracted illness. He was 85. Shahjehan Karim was a well-known figure for his pioneering role in education sector in the country. He also
Published 18 Jul, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (July 17, 2017).

Published 18 Jul, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 17, 2017).

Published 18 Jul, 2017 12:00am
India votes for next president from Dalit caste

India votes for next president from Dalit caste

Indian lawmakers voted Monday for a new president certain to come from the bottom of the Hindu caste system, in an election seen as strengthening Prime Minister Narendra Modi's grip on power. Ninety-nine percent of the 4,896 legislators nationwide voted i
Published 18 Jul, 2017 12:00am
The Weather

The Weather

The weather report on Monday (July 17, 2017) and the forecast for Tuesday (July 18, 2017).

Published 18 Jul, 2017 12:00am
India votes for next president from Dalit caste

India votes for next president from Dalit caste

Indian lawmakers voted Monday for a new president certain to come from the bottom of the Hindu caste system, in an election seen as strengthening Prime Minister Narendra Modi's grip on power. Ninety-nine percent of the 4,896 legislators nationwide voted i
Published 18 Jul, 2017 12:00am
Qatar says media report reveals UAE role in hack

Qatar says media report reveals UAE role in hack

Qatar said on Monday that a US media report had shown that the United Arab Emirates was involved in an alleged hack of Qatar's state news agency in late May that helped spark a diplomatic crisis in the Gulf. The UAE said the Washington Post report was unt
Published 18 Jul, 2017 12:00am
Qatar says media report reveals UAE role in hack

Qatar says media report reveals UAE role in hack

Qatar said on Monday that a US media report had shown that the United Arab Emirates was involved in an alleged hack of Qatar's state news agency in late May that helped spark a diplomatic crisis in the Gulf. The UAE said the Washington Post report was unt
Published 18 Jul, 2017 12:00am
Continuation of GSP Plus status
Exchange

Continuation of GSP Plus status

It is very encouraging to know that Pakistan would continue to enjoy GSP Plus status in the UK market after Brexit. According to a news item in this newspaper on 15th July, 2017, British High Commissioner to Pakistan, Richard Crowder has informed Commerce
Updated 18 Jul, 2017 11:40am
False-flag operation in Amarnath

False-flag operation in Amarnath

The Chanakyian mindset impacting India's strategic thinking is not something new, but with Hindutva-driven BJP in power it seems to have acquired high priority, as manifested in a number of false-flag operations conducted by its forces. There was this Gan
Published 18 Jul, 2017 12:00am
Pakistan's international rankings

Pakistan's international rankings

An assessment of the level and change of Pakistan in key international indices and measures is important for two reasons. First, it provides a, more or less, objective evaluation of the performance of the economic, social and governance indicators of the
Published 18 Jul, 2017 12:00am
A century of revolution and counter-revolution - II

A century of revolution and counter-revolution - II

The victory of the Russian revolution in the civil war and against imperialist intervention by 22 countries soon after the socialist takeover in October 1917 was achieved after four years (1918-22) of bloody conflict through the length and breadth of the
Published 18 Jul, 2017 12:00am
Takata's bankruptcy to pit automakers against air bag victims

Takata's bankruptcy to pit automakers against air bag victims

The global recall of Takata Corp's defective air bags widened last week and the number of confirmed deaths rose, but legal experts said the bigger worry for car companies caught in the fallout is playing out in a Delaware bankruptcy courtroom. Earlier thi
Published 18 Jul, 2017 12:00am
Why don't you name the 'conspirators'?

Why don't you name the 'conspirators'?

It is good to note that Pakistan People's Party has asked the PML-N government to identify real or perceived 'conspirators behind the latter's woes'. Qamar Zaman Khaira, former information minister and Pakistan People's Party Parliamentarians (PPPP) leade
Published 18 Jul, 2017 12:00am
PTI notifies Doctors Wing

PTI notifies Doctors Wing

Pakistan Tehreek-e-Insaf (PTI) Monday officially notified its doctors' wing and announced the names of its president and general secretary. Dr Jawad Wasif from Khyber Pakhtunkhwa has been designated as Insaf Doctors Forum's (IDF) first president and Dr Sa
Published 18 Jul, 2017 12:00am
At least 14 people drowned as jeep falls into river

At least 14 people drowned as jeep falls into river

At least 14 people, including women and children were drowned as a passenger jeep plunged into river Chitral on Monday morning. According to details, a vehicle was coming from Arkari Lotko to Chitral, suddenly out of control from driver near Chuyo bridge
Published 18 Jul, 2017 12:00am
Four Pakistanis executed in Iran

Four Pakistanis executed in Iran

As many as four Pakistanis belonging to Balochistan have been hanged in Iran. According to the details, the executed Pakistanis included Shafi Mohammad Baloch Zahi, Daad Mohamad Dahqani, Yousaf Raigi and Uzair, who was arrested in drugs smuggling when he
Published 18 Jul, 2017 12:00am
Government asks SC to make public Vol-10 of JIT report

Government asks SC to make public Vol-10 of JIT report

The government has demanded that Volume-10 of Joint Investigation Team (JIT) report, submitted with the Supreme Court in Panama Papers case, should be made public. Talking to mediapersons outside the Supreme Court premises after the hearing of Panama Pape
Published 18 Jul, 2017 12:00am
Anti-polio drive begins in Balochistan, Sindh

Anti-polio drive begins in Balochistan, Sindh

A four day anti-polio vaccination drive began in Balochistan and Sindh on Monday. In Balochistan, the drive has is being conducted in eight districts of Jaffarabad, Naseerabad, Zhob, Loralai, Barkhan, Qila Saifullah, Musa Khel and Sherani. During the camp
Published 18 Jul, 2017 12:00am
PML-N marks candidates to replace Nawaz if plan B required

PML-N marks candidates to replace Nawaz if plan B required

Although the leadership of Pakistan Muslim League-Nawaz (PML-N) has refused to accept the Panama Joint Investigation Team (JIT) report and made it quite clear that Prime Minister Nawaz Sharif will not step down, however the possible candidates for premier
Published 18 Jul, 2017 12:00am
LHC stays widening of Ring Road Project

LHC stays widening of Ring Road Project

A division bench of the Lahore High Court on Monday staying widening of the ring road project from Bahria Town directed not to demolition the houses came in line of the project. The bench passed these directions in some identical petitions Bahria Town and
Published 18 Jul, 2017 12:00am
ECP reminds political parties to submit statements of accounts

ECP reminds political parties to submit statements of accounts

The Election Commission of Pakistan (ECP) on Monday sent reminders to all political parties for filing their statement of accounts for financial year 2016-17 till 29 August, 2017. In a notification, the ECP stated that in terms of Article 13 of Political
Published 18 Jul, 2017 12:00am
PTI approaches LHC regarding Shahbaz's disqualification

PTI approaches LHC regarding Shahbaz's disqualification

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has approached the Lahore High Court seeking disqualification of Chief Minister Punjab Shahbaz Sharif for violating his oath and protecting his personal interests as chief minister. The Lahore High Court
Published 18 Jul, 2017 12:00am
Rains and flood: Tribal people stage demo

Rains and flood: Tribal people stage demo

Scores of people of Bajaur Agency, Warh Mamound tehsil whose houses were damaged and destroyed in the recent rains and flood staged protest demonstration against authorities concerned for not giving relief goods. The demonstration was held outside Bajaur
Published 18 Jul, 2017 12:00am
PTI optimistic about Panama case prospects

PTI optimistic about Panama case prospects

Expressing their full trust in the Supreme Court, the petitioners in the Panama Papers case have demanded Prime Minister Nawaz Sharif resign as he, according to them, does not adhere to Articles 62 and 63 of the Constitution. Talking to media persons outs
Published 18 Jul, 2017 12:00am
PCC to host annual forum on CPEC

PCC to host annual forum on CPEC

Pakistan Council on China (PCC) is going to hold its annual forum on the prospects and challenges of China-Pakistan Economic Corridor (CPEC) on Wednesday in Islamabad. Deputy Chief of Mission at Chinese Embassy in Pakistan, Lijian Zhao and Pakistan's Fore
Published 18 Jul, 2017 12:00am
One PSP worker shot dead, another critically injured

One PSP worker shot dead, another critically injured

Two workers of Pak Sarzameen Party (PSP) were shot in what appeared a targeted attack in Orangi Town on Monday evening, Superintendent of Police Abid Ali Baloch said. Aaj News reported that The PSP workers were sitting at the corner of a street near Qazaf
Published 18 Jul, 2017 12:00am
Problems of officers: SU VC vows to form committee

Problems of officers: SU VC vows to form committee

Eulogizing the unconditional help, cooperation and support extended to him by all teachers, officers, employees and students in successful execution of work aimed at uplifting of the varsity, the Sindh University Vice Chancellor Professor Dr Fateh Muhamma
Published 18 Jul, 2017 12:00am
MoFA, HEC must be made part of Ministry of Climate Change Board

MoFA, HEC must be made part of Ministry of Climate Change Board

The Ministry of Climate Change on Monday affirmed that Ministry of Foreign Affairs and Higher Education Commission (HEC) entities must be made a part of its board. This was decided during the meeting of Board of Governors of "Global Change Impact Study Ce
Published 18 Jul, 2017 12:00am
Pakistani delegation starts study visit to Indonesia

Pakistani delegation starts study visit to Indonesia

An eight-member Pakistani delegation facilitated by PILDAT and led by Senator Mushahid Hussain Sayed, Chairman Senate Committee on Defence has started off a study visit to Indonesia spanning from July 17 to July 20, 2017. As Pakistan and Indonesia share m
Published 18 Jul, 2017 12:00am
Appointment of VCs: LHC seeks reply of Punjab government

Appointment of VCs: LHC seeks reply of Punjab government

The Lahore High Court on Monday sought a report from the Punjab government within fortnight in a petition seeking challenging process of appointments of vice chancellors at three public sector universities. The petitioner Dr Abdul Mannan pleaded that the
Published 18 Jul, 2017 12:00am
Ideas discussed for enhanced cooperation with China

Ideas discussed for enhanced cooperation with China

Ideas relating to enhancement of cooperation in skill development, textile, garments and other industrial sectors between Punjab and China were discussed at a meeting presided over by Provincial Minister Industries Commerce and Trade, Sheikh Alla-u-Din on
Published 18 Jul, 2017 12:00am
50 IT instructors complete Cisco IT course

50 IT instructors complete Cisco IT course

The US Agency for International Development (USAID) held a graduation ceremony Monday for 50 instructors that completed a 10-day IT course offered by Cisco through the Skills for Youth Project, said a press release issued here. The instructors will go on
Published 18 Jul, 2017 12:00am
JIT report conspiracy to oust Nawaz: Sanaullah Zehri

JIT report conspiracy to oust Nawaz: Sanaullah Zehri

Balochistan Chief Minister Nawab Sanaullah Zehri on Monday called the Panama case report a conspiracy to oust Prime Minister Nawaz Sharif from power. "The objections filed by the prime minister are valid as the JIT's report is contrary to fact," Zehri sai
Published 18 Jul, 2017 12:00am
Khattak directs accelerated work on resource-generating projects

Khattak directs accelerated work on resource-generating projects

KP Chief Minister Pervez Khattak has said the resource generating power and developmental projects would lead the province to stand on its own feet. With the completion of these projects, the province would never look to others and even it would become a
Published 18 Jul, 2017 12:00am
Greek Foreign Minister to hold talks in Cyprus after failure of UN talks

Greek Foreign Minister to hold talks in Cyprus after failure of UN talks

Greece's Foreign Minister Nikos Kotzias is due in Cyprus on Tuesday to review the way forward after UN-backed reunification talks collapsed in Switzerland earlier this month. Kotzias is to meet President Nicos Anastasiades and attend a national council me
Published 18 Jul, 2017 12:00am
PPP chalks out protest movement to force Nawaz to resign

PPP chalks out protest movement to force Nawaz to resign

President PPP Lahore Aziz-ur-Rehman Chan has said that the party has chalked out a protest movement to force the prime minister to resign. He added that party has also kicked off the election campaign through activating party workers in the city. He calle
Published 18 Jul, 2017 12:00am
'PML-Q making efforts to unite Muslim Leaguers'

'PML-Q making efforts to unite Muslim Leaguers'

The Pakistan Muslim League-Q (PML-Q) has decided to unite all the Muslim Leaguers in a bid to exert pressure on Prime Minister Nawaz Sharif to resign from his office.In this regard, the PML-Q has chalked out an elaborate programme and formed a team headed
Published 18 Jul, 2017 12:00am
Shaheen Air to hold Pakistan Travel Mart

Shaheen Air to hold Pakistan Travel Mart

Shaheen Air International (SAI) and Landmark Communications called in travel agents from all over Punjab to announce an upcoming travel trade show titled Pakistan Travel Mart (PTM). The show aims to bring together the aviation and tourism industry of Paki
Published 18 Jul, 2017 12:00am
Panama case headed in right direction: Sirajul Haq

Panama case headed in right direction: Sirajul Haq

Chief of Jamaat-e-Islami, Sirajul Haq, has said that corruption would be buried and the final victory in the struggle against the menace would be for the masses. According to media cell of Jamaat-e-Islami Lahore he was talking in Islamabad outside the Sup
Published 18 Jul, 2017 12:00am
Niazi Sahib has set world record of speaking lies: Shahbaz

Niazi Sahib has set world record of speaking lies: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that people are tired of Niazi Sahib's politics which is based on allegations, falseness and hypocrisy as he (Niazi) has set world record of speaking lies. Shahbaz said this while talking to a delegation of Pa
Published 18 Jul, 2017 12:00am
850,027 FIRs registered: Dr Umar

850,027 FIRs registered: Dr Umar

The Computerization of 714 Police Stations in the 36 districts of the Punjab Province have registered 850,027 First Investigation Reports (FIRs) during the past 30 months, which has eliminated the chances of tampering due to Quick Response (QR) Code and h
Published 18 Jul, 2017 12:00am
Environment campaign being launched

Environment campaign being launched

The Punjab Environment Protection Department and the Lahore Chamber of Commerce and Industry (LCCI) have decided to launch an 'awareness campaign' among the industrialists for countering environment pollution. Both the organization will hold a competition
Published 18 Jul, 2017 12:00am
Lotte Chemical Pakistan Limited

Lotte Chemical Pakistan Limited

Lotte Chemical Pakistan Ltd. (LCPL) is a manufacturer and supplier of Purified Terephthalic Acid (PTA). With a plant at Port Qasim, it has a capacity to deliver 500,000 tons of PTA annually. PTA is the primary raw material for producing Polyester fiber, P
Published 18 Jul, 2017 12:00am
Lotte Chemical Pakistan Limited

Lotte Chemical Pakistan Limited

Lotte Chemical Pakistan Ltd. (LCPL) is a manufacturer and supplier of Purified Terephthalic Acid (PTA). With a plant at Port Qasim, it has a capacity to deliver 500,000 tons of PTA annually. PTA is the primary raw material for producing Polyester fiber, P
Published 18 Jul, 2017 12:00am
Pakistan-China forum held in Islamabad

Pakistan-China forum held in Islamabad

The Higher Education Commission (HEC) and China Association of Higher Education (CAHE) jointly organised the first Pakistan-China Forum entitled "Challenges of Equitable Access and Quality in Higher Education" at Air University, Islamabad on Monday. Ahsan
Published 18 Jul, 2017 12:00am
Senate body discusses strategy on business transaction

Senate body discusses strategy on business transaction

The House Business Advisory Committee of the Senate met here at the Parliament House on Monday to discuss a strategy on transaction of the business in the House as the session has been summoned on the requisition of the opposition. The committee presided
Published 18 Jul, 2017 12:00am
Sindh Civil Secretariat employees to receive 20 percent SCS allowance

Sindh Civil Secretariat employees to receive 20 percent SCS allowance

Sindh Finance Department on the directives of Sindh Chief Minister Syed Murad Ali Shah has allowed 20 percent Sindh Civil Secretariat Allowance to the Sindh Civil Secretariat employees from 01.07.2017. According to a statement issued here on Monday, the a
Published 18 Jul, 2017 12:00am
Afghan civilian deaths hit new high: UN

Afghan civilian deaths hit new high: UN

The people of war-torn Afghanistan continue to bear the brunt of the grinding conflict with civilian deaths at their worst since records began, the United Nations said Monday. In the first half of the year, 1,662 civilians were killed and more than 3,500
Published 18 Jul, 2017 12:00am
Women assaulted, bottles hurled at chaotic German town festival

Women assaulted, bottles hurled at chaotic German town festival

German police said Monday several assaults and cases of sexual harassment were reported in alcohol-fuelled weekend disturbances that saw youths rampage through a small town and hurl bottles at police. No arrests had been made over the alleged harassment,
Published 18 Jul, 2017 12:00am
UN envoy Lilly Singh calls on India to show comic tolerance

UN envoy Lilly Singh calls on India to show comic tolerance

Comic and UN ambassador Lilly Singh has called on the Indian government to be more tolerant of satire after a popular comedy group was slapped with criminal charges over allegations that they insulted Prime Minister Narendra Modi. "If you watch something
Published 18 Jul, 2017 12:00am
China slams US defence bill over Taiwan provision
Exchange

China slams US defence bill over Taiwan provision

China on Monday said it had lodged an official protest with the United States following the passage of a defence spending bill that could lead to American warships visiting Taiwan. Beijing has long objected to any military assistance from Washington to th
Published 18 Jul, 2017 12:00am
Internet back in Somalia after weeks-long outage

Internet back in Somalia after weeks-long outage

Somalia rejoined the world wide web on Monday, more than three weeks after internet access was cut when a container ship damaged an undersea cable connecting the Horn of Africa nation to the world. "The technical issue, which has disrupted the internet co
Published 18 Jul, 2017 12:00am
Australia cuts sugar harvest outlook

Australia cuts sugar harvest outlook

Australia on Tuesday trimmed its forecast for sugar production during the 2017/18 season by 7 percent after a destructive cyclone destroyed crops in a major producing region. Sugar production in the world's third-biggest raw sweetener exporter will total
Published 18 Jul, 2017 12:00am
Malaysian palm oil dips
Vegetable Oil

Malaysian palm oil dips

Malaysian palm oil futures slipped on Monday as a stronger ringgit and expectations for higher production offset data showing an increase in export shipments. Shipments of Malaysian palm oil products for July 1-15 rose about 18 percent from a month earlie
Published 18 Jul, 2017 12:00am
France expects smaller maize area this year

France expects smaller maize area this year

French farmers are expected to sow less maize and rapeseed but more sugar beet as they seek to boost output before European Union sugar quotas are lifted later this year, the farm ministry said on Monday. However, the ministry also said dry and cold weath
Published 18 Jul, 2017 12:00am
US shale oil output seen up for eighth month: EIA

US shale oil output seen up for eighth month: EIA

US shale oil production is forecast to rise for the eighth consecutive month, climbing 112,000 barrels per day (bpd) to 5.585 million bpd in August, the US Energy Department said in a report on Monday. The increase comes amid market concerns that rising s
Published 18 Jul, 2017 12:00am
Strong Chinese data propels copper to 4-1/2-month peak
Exchange

Strong Chinese data propels copper to 4-1/2-month peak

Copper prices hit 4-1/2-month highs on Monday as better-than-expected economic data from top consumer China and a weak dollar helped reinforce expectations of strong demand. Benchmark copper on the London Metal Exchange ended up 1.2 percent at $5,996 a to
Published 18 Jul, 2017 12:00am
Sugar falls, arabica slips from 6-1/2-week high
Exchange

Sugar falls, arabica slips from 6-1/2-week high

Raw sugar futures on ICE were lower on Monday with the market back on the defensive after last week's short-covering rally, while arabica coffee turned lower after touching a 6-1/2-week high. October raw sugar settled down 0.21 cent, or 1.5 percent, at 14
Published 18 Jul, 2017 12:00am