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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-06
Norway keeps crown purchases unchanged
Exchange

Norway keeps crown purchases unchanged

Norway's central bank will keep its daily sale of foreign currency unchanged in August, it said on Monday. The bank will sell foreign exchange equivalent to 850 million Norwegian crowns per day. In order to make funds available to be spent as part of the
Published 06 Aug, 2017 12:00am
Dollar index surges on US jobs data, Cohn comments
Exchange

Dollar index surges on US jobs data, Cohn comments

The US dollar was set for its biggest one-day gain against a basket of major currencies so far this year after a strong US July payrolls report and comments from National Economic Council director Gary Cohn about lowering the US corporate tax rate. The do
Published 06 Aug, 2017 12:00am
Canadian dollar falls

Canadian dollar falls

The Canadian dollar notched its weakest close in more than two weeks against its US counterpart on Friday as the greenback surged after a strong US jobs report and domestic data showed a jump in Canada's trade deficit. "It's the long-anticipated correctiv
Published 06 Aug, 2017 12:00am
Russia faces higher inflation, weaker rouble this year

Russia faces higher inflation, weaker rouble this year

Russia faces the prospect of slightly higher inflation this year and a weaker rouble than previously expected, a Reuters poll of economists showed on Tuesday. The shift in expectations comes after the Russian currency lost 2 percent of its value against t
Published 06 Aug, 2017 12:00am
Dow chalks up eighth record close in a row
Exchange

Dow chalks up eighth record close in a row

The Dow Jones Industrial Average ended at its eighth straight record high on Friday, with gains in JPMorgan Chase and other banks after data showed US employers hired more workers than expected in July. The strong jobs report is likely to clear the way fo
Published 06 Aug, 2017 12:00am
Foreign investors' share in Czech bonds hits record in June
Exchange

Foreign investors' share in Czech bonds hits record in June

The share of non-residents holding Czech domestic government bonds rose to a record 47.62 percent in June, with investors banking on the crown currency's firming due to chances of an interest rate hike as early as this week. Foreign investors have piled i
Published 06 Aug, 2017 12:00am
Foreign investors' share in Czech bonds hits record in June
Exchange

Foreign investors' share in Czech bonds hits record in June

The share of non-residents holding Czech domestic government bonds rose to a record 47.62 percent in June, with investors banking on the crown currency's firming due to chances of an interest rate hike as early as this week. Foreign investors have piled i
Published 06 Aug, 2017 12:00am
India's SIS IPO subscribed nearly seven times
Exchange

India's SIS IPO subscribed nearly seven times

Security and Intelligence Services (India) Ltd's (SIS) 7.8 billion-rupee ($122.5 million) initial public offering (IPO) of shares was subscribed 6.94 times on the last day of the sale on Wednesday, indicating strong interest in the business services provi
Published 06 Aug, 2017 12:00am
MSCI warns Chinese firms about suspending trading of shares
Exchange

MSCI warns Chinese firms about suspending trading of shares

Barely a month after approving the inclusion of Chinese shares in its benchmark emerging market index, MSCI is warning that companies in China that suspend trading in their shares for too long risk being dropped. MSCI's head of research for Asia Pacific,
Published 06 Aug, 2017 12:00am
Treasuries outlook: yields rise on strong jobs data, tax cut hopes

Treasuries outlook: yields rise on strong jobs data, tax cut hopes

US Treasury yields rose on Friday after data showed that US employers hired more workers than expected in July, while wage growth also met economists' expectations. The Labour Department said nonfarm payrolls increased by 209,000 jobs last month amid broa
Published 06 Aug, 2017 12:00am
PM to delegate more powers to ministers: Jatoi

PM to delegate more powers to ministers: Jatoi

Minister for Industries and Production, Ghulam Murtaza Khan Jatoi has said that Prime Minister Shahid Khaqan Abbasi will delegate more powers to the ministers for resolution of issues at the level of their own ministries. Prime Minister, in his maiden mee
Published 06 Aug, 2017 12:00am
Treasuries outlook: yields rise on strong jobs data, tax cut hopes

Treasuries outlook: yields rise on strong jobs data, tax cut hopes

US Treasury yields rose on Friday after data showed that US employers hired more workers than expected in July, while wage growth also met economists' expectations. The Labour Department said nonfarm payrolls increased by 209,000 jobs last month amid broa
Published 06 Aug, 2017 12:00am
PM to delegate more powers to ministers: Jatoi

PM to delegate more powers to ministers: Jatoi

Minister for Industries and Production, Ghulam Murtaza Khan Jatoi has said that Prime Minister Shahid Khaqan Abbasi will delegate more powers to the ministers for resolution of issues at the level of their own ministries. Prime Minister, in his maiden mee
Published 06 Aug, 2017 12:00am
NYSE owner ICE reports 17 percent rise in profit
Exchange

NYSE owner ICE reports 17 percent rise in profit

Intercontinental Exchange Inc, which owns the New York Stock Exchange, on Thursday reported a 17 percent rise in second-quarter profit, helped by a drop in operating and transaction-based costs. Operating expenses fell 1.6 percent to $569 million in the s
Published 06 Aug, 2017 12:00am
PM to delegate more powers to ministers: Jatoi

PM to delegate more powers to ministers: Jatoi

Minister for Industries and Production, Ghulam Murtaza Khan Jatoi has said that Prime Minister Shahid Khaqan Abbasi will delegate more powers to the ministers for resolution of issues at the level of their own ministries. Prime Minister, in his maiden mee
Published 06 Aug, 2017 12:00am
TSX boosted by higher oil prices, US jobs data
Exchange

TSX boosted by higher oil prices, US jobs data

Canada's main stock index rose on Friday to extend this week's gains, helped by higher oil prices, which boosted energy shares, and a lift to bond yields after data showed stronger-than-expected jobs growth in the United States. The Toronto Stock Exchange
Published 06 Aug, 2017 12:00am
'We're heading towards a normalized Pakistan,' says CoAS

'We're heading towards a normalized Pakistan,' says CoAS

Chief of Army Staff (CoAS) General Qamar Javed Bajwa Saturday said Pakistan is heading towards a normalized country where the writ of the state and supremacy of law would be second to none. According to Inter-Services Public Relations (ISPR), the army's m
Published 06 Aug, 2017 12:00am
BAT to face further scrutiny for jumbo M&A bond sale

BAT to face further scrutiny for jumbo M&A bond sale

Investors will try to exert pricing pressure on British American Tobacco next week when it seeks to raise an expected US$25bn-equivalent of bonds in the US and European markets in the middle of corruption probes and tobacco sector turmoil. BAT has announc
Published 06 Aug, 2017 12:00am
'We're heading towards a normalized Pakistan,' says CoAS

'We're heading towards a normalized Pakistan,' says CoAS

Chief of Army Staff (CoAS) General Qamar Javed Bajwa Saturday said Pakistan is heading towards a normalized country where the writ of the state and supremacy of law would be second to none. According to Inter-Services Public Relations (ISPR), the army's m
Published 06 Aug, 2017 12:00am
BAT to face further scrutiny for jumbo M&A bond sale

BAT to face further scrutiny for jumbo M&A bond sale

Investors will try to exert pricing pressure on British American Tobacco next week when it seeks to raise an expected US$25bn-equivalent of bonds in the US and European markets in the middle of corruption probes and tobacco sector turmoil. BAT has announc
Published 06 Aug, 2017 12:00am
Won't remain silent forever: Nawaz

Won't remain silent forever: Nawaz

Ousted prime minister Nawaz Sharif, who was disqualified by the Supreme Court in Panama Papers case, said on Saturday that he has a lot to say but opted to remain silent for now and not forever. "I neither lost my nerve nor disrespect anyone, I am staying
Published 06 Aug, 2017 12:00am
Hedge funds jostle for cut-price Venezuela bonds, eye post-default gains

Hedge funds jostle for cut-price Venezuela bonds, eye post-default gains

Venezuela's dollar-denominated bonds, which have fallen to trade as low as a third of their original value after pricing in the likelihood of default, are attracting the interest of hedge funds jostling to take advantage of any future debt swap. Venezuela
Published 06 Aug, 2017 12:00am
Won't remain silent forever: Nawaz

Won't remain silent forever: Nawaz

Ousted prime minister Nawaz Sharif, who was disqualified by the Supreme Court in Panama Papers case, said on Saturday that he has a lot to say but opted to remain silent for now and not forever. "I neither lost my nerve nor disrespect anyone, I am staying
Published 06 Aug, 2017 12:00am
Hedge funds jostle for cut-price Venezuela bonds, eye post-default gains

Hedge funds jostle for cut-price Venezuela bonds, eye post-default gains

Venezuela's dollar-denominated bonds, which have fallen to trade as low as a third of their original value after pricing in the likelihood of default, are attracting the interest of hedge funds jostling to take advantage of any future debt swap. Venezuela
Published 06 Aug, 2017 12:00am
US to join climate talks despite Paris accord exit

US to join climate talks despite Paris accord exit

The United States announced Friday it would still take part in international climate change negotiations in order to protect its interests, despite its planned withdrawal from the Paris accord on global warming. Two months after President Donald Trump ann
Published 06 Aug, 2017 12:00am
LSE profit up 19.5 percent
Exchange

LSE profit up 19.5 percent

London Stock Exchange Group Plc reported a 19.5 percent rise in first-half adjusted operating profit, helped by a strong performance in its clearing and FTSE Russell indexes businesses. LSE, which is exploring investments to drive growth after the collaps
Published 06 Aug, 2017 12:00am
US to join climate talks despite Paris accord exit

US to join climate talks despite Paris accord exit

The United States announced Friday it would still take part in international climate change negotiations in order to protect its interests, despite its planned withdrawal from the Paris accord on global warming. Two months after President Donald Trump ann
Published 06 Aug, 2017 12:00am
Wells Fargo reviews more products for financial harm to customers

Wells Fargo reviews more products for financial harm to customers

Wells Fargo & Co is examining whether it caused unnecessary financial harm to customers through mortgage fees, frozen deposit accounts and "add-on" products like identity theft protection, the bank said in a US securities filing on Friday. The disclosures
Published 06 Aug, 2017 12:00am
Adidas powers ahead in North America and China

Adidas powers ahead in North America and China

Adidas will pour more cash into marketing to try to stay ahead in the race with US rivals Nike and Under Armour, the German sportswear firm said on Thursday as it reported another quarter of bumper sales growth. Adidas will have an extra 700-800 million e
Published 06 Aug, 2017 12:00am
Capacity building: world Bank inks grant agreement with FBR

Capacity building: world Bank inks grant agreement with FBR

The World Bank will assist the Federal Board of Revenue (FBR) under the "strengthening tax systems and building tax policy analysis capacity project" for establishing Tax Intelligence Unit and the Market Monitoring and Intervention Unit to strengthen the
Published 06 Aug, 2017 12:00am
Germany's Merck reshuffles board to tackle chemicals competition

Germany's Merck reshuffles board to tackle chemicals competition

Germany's Merck KGaA announced a board reshuffle on Thursday after a fall in second-quarter earnings hurt by Chinese rivals chipping away at its dominant market position in liquid crystals used in flat-screen TVs. The highly profitable liquid crystals bus
Published 06 Aug, 2017 12:00am
Capacity building: world Bank inks grant agreement with FBR

Capacity building: world Bank inks grant agreement with FBR

The World Bank will assist the Federal Board of Revenue (FBR) under the "strengthening tax systems and building tax policy analysis capacity project" for establishing Tax Intelligence Unit and the Market Monitoring and Intervention Unit to strengthen the
Published 06 Aug, 2017 12:00am
Germany's Merck reshuffles board to tackle chemicals competition

Germany's Merck reshuffles board to tackle chemicals competition

Germany's Merck KGaA announced a board reshuffle on Thursday after a fall in second-quarter earnings hurt by Chinese rivals chipping away at its dominant market position in liquid crystals used in flat-screen TVs. The highly profitable liquid crystals bus
Published 06 Aug, 2017 12:00am
Capacity building: world Bank inks grant agreement with FBR

Capacity building: world Bank inks grant agreement with FBR

The World Bank will assist the Federal Board of Revenue (FBR) under the "strengthening tax systems and building tax policy analysis capacity project" for establishing Tax Intelligence Unit and the Market Monitoring and Intervention Unit to strengthen the
Published 06 Aug, 2017 12:00am
India puts curbs on pigeon peas import to support local prices

India puts curbs on pigeon peas import to support local prices

India has put a cap on imports of pigeon peas at 200,000 tonnes, the government said in a notification on Saturday, as the price of the lentil plunged more than 60 percent due to record production. The restriction will help support local prices of pigeon
Published 06 Aug, 2017 12:00am
Capacity building: world Bank inks grant agreement with FBR

Capacity building: world Bank inks grant agreement with FBR

The World Bank will assist the Federal Board of Revenue (FBR) under the "strengthening tax systems and building tax policy analysis capacity project" for establishing Tax Intelligence Unit and the Market Monitoring and Intervention Unit to strengthen the
Published 06 Aug, 2017 12:00am
Former senior China Development Bank official jailed
Exchange

Former senior China Development Bank official jailed

China's anti-graft watchdog said on Saturday the former head of the supervisory board at China Development Bank, the country's largest policy lender, has been jailed for 14 years and fined 3.5 million yuan ($520,276) for receiving bribes. The Central Comm
Published 06 Aug, 2017 12:00am
Emaar Misr considers investment project in Egypt's al-Alamein

Emaar Misr considers investment project in Egypt's al-Alamein

Egypt's investment and housing ministers met Egyptian property developer Emaar Misr on Saturday to discuss future investments by prominent Emirati businessman Mohamed Alabbar, the investment ministry said. Alabbar founded and has led Emaar Properties of D
Published 06 Aug, 2017 12:00am
United Technologies in bid to acquire Rockwell Collins

United Technologies in bid to acquire Rockwell Collins

United Technologies Corp, the US maker of Otis Elevators and Carrier air conditioners, has submitted an offer to acquire aircraft component manufacturer Rockwell Collins Inc, a person familiar with the matter said on Friday. By acquiring Rockwell Collins,
Published 06 Aug, 2017 12:00am
Emaar Misr considers investment project in Egypt's al-Alamein

Emaar Misr considers investment project in Egypt's al-Alamein

Egypt's investment and housing ministers met Egyptian property developer Emaar Misr on Saturday to discuss future investments by prominent Emirati businessman Mohamed Alabbar, the investment ministry said. Alabbar founded and has led Emaar Properties of D
Published 06 Aug, 2017 12:00am
Google tests publishing tech similar to Snapchat

Google tests publishing tech similar to Snapchat

Alphabet Inc's Google is developing technology that media companies could use to create stories similar to those found on Snapchat's "Discover" platform, a person familiar with the plans said on Friday. Google's project, dubbed "Stamp," is in the early st
Published 06 Aug, 2017 12:00am
Emaar Misr considers investment project in Egypt''s al-Alamein

Emaar Misr considers investment project in Egypt''s al-Alamein

Egypt''s investment and housing ministers met Egyptian property developer Emaar Misr on Saturday to discuss future investments by prominent Emirati businessman Mohamed Alabbar, the investment ministry said. Alabbar founded and has led Emaar Properties of
Published 06 Aug, 2017 12:00am
Morocco's Q2 unemployment rate higher

Morocco's Q2 unemployment rate higher

Despite an overall increase in job creation, Morocco's official unemployment rate slightly rose to 9.3 percent in the second quarter from 9.1 percent during the same period last year, the planning agency said on Saturday, citing an increase in the active
Published 06 Aug, 2017 12:00am
Severe internet disruption caused by outage in submarine cable

Severe internet disruption caused by outage in submarine cable

Internet customers in Pakistan on Saturday faced severe internet disruption, following outage in international submarine cable systems IMEWE, providing internet bandwidth to Pakistan. The IMEWE cable went down earlier Saturday due to a cable cut near Jedd
Published 06 Aug, 2017 12:00am
Shanghai Stock Exchange to increase scrutiny of M&A risk
Exchange

Shanghai Stock Exchange to increase scrutiny of M&A risk

Shanghai Stock Exchange (SSE) plans to increase its scrutiny of mergers, acquisitions, transfer of control deals and other corporate actions that could lead to financial risk in the market, the official Xinhua news agency reported on Saturday. SSE said in
Published 06 Aug, 2017 12:00am
Severe internet disruption caused by outage in submarine cable

Severe internet disruption caused by outage in submarine cable

Internet customers in Pakistan on Saturday faced severe internet disruption, following outage in international submarine cable systems IMEWE, providing internet bandwidth to Pakistan. The IMEWE cable went down earlier Saturday due to a cable cut near Jedd
Published 06 Aug, 2017 12:00am
Cyclone Debbie lashes Swiss Re profits
Exchange

Cyclone Debbie lashes Swiss Re profits

Reinsurer Swiss Re said Friday that Cyclone Debbie which struck Australia in late March lashed its bottom line in the first half of this year, with price competition also leading to a drop in premiums. Net profits fell by more than a third, or 35 percent
Published 06 Aug, 2017 12:00am
Iraq secures $195 millions Japanese loan for electricity sector

Iraq secures $195 millions Japanese loan for electricity sector

Japan has agreed to lend Iraq up to $195 million for a project to help repair a thermal power station in the southern province of Basra, an Iraqi government statement said on Saturday. Though Iraq is a major Opec oil producer, the country faces chronic el
Published 06 Aug, 2017 12:00am
Cyclone Debbie lashes Swiss Re profits
Exchange

Cyclone Debbie lashes Swiss Re profits

Reinsurer Swiss Re said Friday that Cyclone Debbie which struck Australia in late March lashed its bottom line in the first half of this year, with price competition also leading to a drop in premiums. Net profits fell by more than a third, or 35 percent
Published 06 Aug, 2017 12:00am
Black Elk accuses Beechwood of helping Platinum fund fraud

Black Elk accuses Beechwood of helping Platinum fund fraud

A trustee for defunct oil and gas producer Black Elk Energy Offshore Operations LLC has sued executives and subsidiaries of reinsurer Beechwood with allegations they helped orchestrate fraud with hedge fund manager Platinum Partners. Platinum's top execut
Published 06 Aug, 2017 12:00am
South Africa considering $1 billion bailout for national airline

South Africa considering $1 billion bailout for national airline

South Africa's Treasury is considering a 13 billion rand ($972 million) bailout to keep South African Airways (SAA) going as it battles a cash crunch, Finance Minister Malusi Gigaba said on Friday. The airline runs one of Africa's biggest fleets but is cl
Published 06 Aug, 2017 12:00am
ETP says diesel at Ohio Rover natgas pipe spill may have been sabotage

ETP says diesel at Ohio Rover natgas pipe spill may have been sabotage

Energy Transfer Partners LP said on Friday sabotage or an accident might have caused diesel to get into drilling fluid that spilled into an Ohio wetland during construction of its Rover natural gas pipeline, but opponents of the project disagreed with the
Published 06 Aug, 2017 12:00am
UK needs Brexit fall-back position, says ex-BoE governor King

UK needs Brexit fall-back position, says ex-BoE governor King

Britain needs to make clear to the European Union that it is prepared to go it alone if it fails to reach a satisfactory deal in Brexit talks, former Bank of England Governor Mervyn King said on Saturday. King - who said in December that Britain should le
Published 06 Aug, 2017 12:00am
Toyota plans truck, possibly SUV production in Mexico after Trump threat

Toyota plans truck, possibly SUV production in Mexico after Trump threat

Toyota Motor Corp said on Friday it planned to build pickup trucks and possibly SUVs at a new plant in Mexico, a move that followed threats by US President Donald Trump to penalize the company if it built small cars south of the border. Toyota initially p
Published 06 Aug, 2017 12:00am
Swiss demand same treatment as Germans in diesel compensation

Swiss demand same treatment as Germans in diesel compensation

Switzerland will demand that German automakers treat Swiss customers the same as German buyers of diesel cars being fixed to cut pollution, the head of the Swiss road transport agency said. The comments by Juerg Roethlisberger add pressure on carmakers li
Published 06 Aug, 2017 12:00am
SGL could take over BMW stake in carbon fibre JV

SGL could take over BMW stake in carbon fibre JV

Germany's SGL Group could acquire BMW's stake in a joint venture for the production of carbon fibre, the company's chief executive has told a German weekly. "I assume that BMW does not want to become a maker of carbon fibre. For us, carbon fibre is a core
Published 06 Aug, 2017 12:00am
Malaysia's June export growth slows to 10 percent

Malaysia's June export growth slows to 10 percent

Malaysia's exports in June grew 10 percent from a year earlier, government data showed on Friday, well below expectations, as shipments of manufactured goods fell. Export growth missed the 15.8 percent forecast by a Reuters poll and was sharply down from
Published 06 Aug, 2017 12:00am
US poll data expert working for Kenya opposition arrested

US poll data expert working for Kenya opposition arrested

Kenyan police arrested an American election data expert working with opposition leader Raila Odinga's National Super Alliance (NASA) ahead of August 8 polls, an opposition senator and the US embassy said on Saturday. Senator James Orengo said John Aristot
Published 06 Aug, 2017 12:00am
Apple to launch watches that can make calls

Apple to launch watches that can make calls

Apple Inc plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter. Some of the new models for the Apple Watch will be equipped with L
Published 06 Aug, 2017 12:00am
Nissan Mississippi workers vote heavily against unionization

Nissan Mississippi workers vote heavily against unionization

Workers at Nissan Motor Co Ltd's plant in Canton, Mississippi, voted nearly two to one against union representation, the company and the United Auto Workers (UAW) said late on Friday. The vote at the end of a bitterly contested campaign extended a decades
Published 06 Aug, 2017 12:00am
Uganda, Tanzania start work on construction of $3.5 billion oil pipeline

Uganda, Tanzania start work on construction of $3.5 billion oil pipeline

The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55 billion-crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project - set for completion by 2020 - will stretch fr
Published 06 Aug, 2017 12:00am
Iran's oil exports to China to rise to 11-month high

Iran's oil exports to China to rise to 11-month high

Iran's oil exports to China may rise to the highest in 11 months in August as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said on Thursday. Crude and condensate exports from Iran to
Published 06 Aug, 2017 12:00am
Senegal ruling party wins large parliamentary majority

Senegal ruling party wins large parliamentary majority

Senegal's ruling party has won a large parliamentary majority, according to official provisional results, following an election last Sunday that opposition leaders say was tainted by fraud. President Macky Sall's ruling coalition took 125 seats in the 165
Published 06 Aug, 2017 12:00am
US natural gas futures fall on lower cooling demand

US natural gas futures fall on lower cooling demand

US natural gas futures edged lower on Thursday on forecasts for less cooling demand over the next two weeks, even though weekly data showed a small storage build in line with market expectations. Front-month gas futures fell 1.1 cents, or 0.4 percent, to
Published 06 Aug, 2017 12:00am
UN finds mass graves in north Mali

UN finds mass graves in north Mali

The United Nations' peacekeeping mission has uncovered mass graves in a region of northern Mali beset by conflict between rival groups, the mission said on Saturday. Fighting between Tuareg groups has intensified in recent weeks in the north, threatening
Published 06 Aug, 2017 12:00am
India's gold imports to fall in H2

India's gold imports to fall in H2

India's gold imports will likely drop in the second-half of the year from the first six months after jewellers rushed to stock up ahead of new taxes introduced on July 1, the World Gold Council (WGC) said on Thursday. Faltering appetite in a country where
Published 06 Aug, 2017 12:00am
Venezuelan asylum seekers in Mexico surge

Venezuelan asylum seekers in Mexico surge

Venezuela's deepening political and economic crisis has provoked a surge of asylum seekers to Mexico this year, government figures show, with applications to stay in Mexico setting a record pace. During just the first six months of this year, 1,420 Venezu
Published 06 Aug, 2017 12:00am
CBOT wheat futures lower on weak export sales

CBOT wheat futures lower on weak export sales

Wheat futures on the Chicago Board of Trade fell on Thursday for a fourth straight session, pressured by disappointing export sales and forecasts for beneficial rains in the southern US Plains winter wheat belt, traders said. CBOT September wheat settled
Published 06 Aug, 2017 12:00am
Indian forces unleash more atrocities in IHK

Indian forces unleash more atrocities in IHK

At least three suspected militants were killed by Indian security forces in a fierce gun battle in Indian-held Kashmir, defence officials said Saturday. Two of the suspected freedom fighters were later identified by the police as youths from neighbouring
Published 06 Aug, 2017 12:00am
European wheat futures fall on stronger euro
Exchange

European wheat futures fall on stronger euro

European wheat futures fell for a fourth straight session to set contract lows on Thursday as a strong euro and a break through chart support increased selling pressure. Rising expectations that Russia's harvest will be big also tempered concerns about in
Published 06 Aug, 2017 12:00am
Indian forces unleash more atrocities in IHK

Indian forces unleash more atrocities in IHK

At least three suspected militants were killed by Indian security forces in a fierce gun battle in Indian-held Kashmir, defence officials said Saturday. Two of the suspected freedom fighters were later identified by the police as youths from neighbouring
Published 06 Aug, 2017 12:00am
Asian naphtha crack rises to two-session high

Asian naphtha crack rises to two-session high

Asia's naphtha crack recovered to reach a two-session high of $77.80 a tonne on Thursday, with traders expecting Europe to ship fewer cargoes for September arrival in Asia compared with July and August. Asia is expected to receive about 1.3 million tonnes
Published 06 Aug, 2017 12:00am
Role of monitoring judge: conflicting views

Role of monitoring judge: conflicting views

"Article 187 of the constitution authorizes the apex court to appoint a monitoring judge to oversee proceedings of any other court, including the national accountability court, in the country," former vice chairman of the Pakistan Bar Council told Busi
Published 06 Aug, 2017 12:00am
Freight rates for VLCC to fall to new low

Freight rates for VLCC to fall to new low

Freight rates for very large crude carriers (VLCCs) on Asian routes from the Middle East could fall to a new low for the year next week as too many ships chase the number of available cargoes, ship brokers said on Friday. That came as average rates from t
Published 06 Aug, 2017 12:00am
Role of monitoring judge: conflicting views

Role of monitoring judge: conflicting views

"Article 187 of the constitution authorizes the apex court to appoint a monitoring judge to oversee proceedings of any other court, including the national accountability court, in the country," former vice chairman of the Pakistan Bar Council told Busi
Published 06 Aug, 2017 12:00am
CBOT soyabean futures fall

CBOT soyabean futures fall

Chicago Board of Trade soyabean futures fell to a one-month low on Thursday, pressured by beneficial Midwest rains and forecasts for cool temperatures that should boost soya yield potential, traders said. The benchmark November soyabean contract settled d
Published 06 Aug, 2017 12:00am
US unveils tougher new UN sanctions on North Korea
Exchange

US unveils tougher new UN sanctions on North Korea

The United States on Friday presented a draft UN resolution toughening sanctions on North Korea with a sweeping ban on exports of coal, iron, lead and seafood that could deprive Pyongyang of $1 billion in annual revenue. After a month of negotiations, the
Published 06 Aug, 2017 12:00am
Strong demand keeps cotton prices firmer
Cotton

Strong demand keeps cotton prices firmer

Strong demand helped the rates to maintain present levels on the cotton market on Saturday in the process of trading, dealers said. The official spot rate was unchanged at Rs 6400, they said. In the ready session over 9000 bales of cotton changed hands be
Published 06 Aug, 2017 12:00am
US unveils tougher new UN sanctions on North Korea
Exchange

US unveils tougher new UN sanctions on North Korea

The United States on Friday presented a draft UN resolution toughening sanctions on North Korea with a sweeping ban on exports of coal, iron, lead and seafood that could deprive Pyongyang of $1 billion in annual revenue. After a month of negotiations, the
Published 06 Aug, 2017 12:00am
Indian rice prices up; markets subdued in Thailand, Vietnam
Exchange

Indian rice prices up; markets subdued in Thailand, Vietnam

Rice prices in India rose on Thursday due to the strongest rupee in two years, while markets in Thailand and Vietnam remained subdued ahead of harvests expected this month, traders said. In India, the world's biggest rice exporter, 5 percent broken parboi
Published 06 Aug, 2017 12:00am
Special counsel Mueller asks White House for Flynn documents: NY Times

Special counsel Mueller asks White House for Flynn documents: NY Times

Investi-gators working for US special counsel Robert Mueller, who is investigating whether President Donald Trump's 2016 campaign colluded with Russia, have asked the White House for documents related to his former national security adviser Michael Flynn,
Published 06 Aug, 2017 12:00am
Brazil exports less high-quality coffee beans

Brazil exports less high-quality coffee beans

Exporters and traders operating in the Brazilian coffee market are reporting fewer-than-expected deliveries of high-quality beans, blaming bad weather, a beetle infestation and farmers sitting on stocks as the harvest wraps up. The global coffee market wa
Published 06 Aug, 2017 12:00am
Special counsel Mueller asks White House for Flynn documents: NY Times

Special counsel Mueller asks White House for Flynn documents: NY Times

Investi-gators working for US special counsel Robert Mueller, who is investigating whether President Donald Trump's 2016 campaign colluded with Russia, have asked the White House for documents related to his former national security adviser Michael Flynn,
Published 06 Aug, 2017 12:00am
European gasoline margins fall

European gasoline margins fall

Plentiful inventories in the key US East Coast market weighed on gasoline refining margins on Thursday though further losses were mitigated by Shell's Pernis refinery outage and Mexican demand. Mexico's PMI continued to buy European gasoline this week, on
Published 06 Aug, 2017 12:00am
US FOB Gulf corn rises on slow farmer sales

US FOB Gulf corn rises on slow farmer sales

Corn basis premiums rose in the US river market on Thursday, with demand on the rise from exporters amid slow country movement in recent weeks. Export premiums for corn held steady for bulk ocean vessels. Soyabean premiums were flat, both on the US river
Published 06 Aug, 2017 12:00am
Tight supply keeps coffee markets quiet in Vietnam, Indonesia

Tight supply keeps coffee markets quiet in Vietnam, Indonesia

Trade in Vietnam's coffee market took a hit on a lack of quality beans at the end of the crop season, while growers in Indonesia held on to stocks, traders said, keeping supply tight in Asia's top two coffee exporters. Vietnam's main coffee growing region
Published 06 Aug, 2017 12:00am
China's central bank to include internet finance in MPA

China's central bank to include internet finance in MPA

China's central bank plans to include large systemically important internet finance firms in its Macro Prudential Assessment (MPA), the official Xinhua news agency reported on Saturday. The MPA risk assessment framework already includes checks of loans, b
Published 06 Aug, 2017 12:00am
Chinese rebar steel futures jump
Exchange

Chinese rebar steel futures jump

Chinese rebar steel futures climbed to their strongest in more than four years on Thursday, supported by firm demand and tighter supply following Beijing's clampdown on low-grade steel production. The sustained strength in the steel market could keep prof
Published 06 Aug, 2017 12:00am
Dar directs FBR to improve revenue collection

Dar directs FBR to improve revenue collection

Finance Minister Ishaq Dar has directed tax machinery to continue focusing on direct taxes to improve overall revenue collection of Federal Board of Revenue (FBR) and expanding the tax net with special focus on increasing the confidence of taxpayers. Sour
Published 06 Aug, 2017 12:00am
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