AGL 40.25 Increased By ▲ 0.25 (0.63%)
AIRLINK 127.55 Increased By ▲ 0.51 (0.4%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.50 Decreased By ▼ -0.01 (-0.22%)
DCL 8.61 Increased By ▲ 0.06 (0.7%)
DFML 41.86 Increased By ▲ 0.42 (1.01%)
DGKC 87.80 Increased By ▲ 0.95 (1.09%)
FCCL 32.67 Increased By ▲ 0.39 (1.21%)
FFBL 65.11 Increased By ▲ 0.31 (0.48%)
FFL 10.29 Increased By ▲ 0.04 (0.39%)
HUBC 109.60 Increased By ▲ 0.03 (0.03%)
HUMNL 14.58 Decreased By ▼ -0.10 (-0.68%)
KEL 5.12 Increased By ▲ 0.07 (1.39%)
KOSM 7.53 Increased By ▲ 0.07 (0.94%)
MLCF 41.60 Increased By ▲ 0.22 (0.53%)
NBP 59.51 Decreased By ▼ -0.90 (-1.49%)
OGDC 193.80 Increased By ▲ 3.70 (1.95%)
PAEL 28.25 Increased By ▲ 0.42 (1.51%)
PIBTL 7.79 Decreased By ▼ -0.04 (-0.51%)
PPL 151.51 Increased By ▲ 1.45 (0.97%)
PRL 26.58 Decreased By ▼ -0.30 (-1.12%)
PTC 16.19 Increased By ▲ 0.12 (0.75%)
SEARL 82.70 Decreased By ▼ -3.30 (-3.84%)
TELE 7.64 Decreased By ▼ -0.07 (-0.91%)
TOMCL 35.60 Increased By ▲ 0.19 (0.54%)
TPLP 8.18 Increased By ▲ 0.06 (0.74%)
TREET 16.11 Decreased By ▼ -0.30 (-1.83%)
TRG 52.94 Decreased By ▼ -0.35 (-0.66%)
UNITY 26.50 Increased By ▲ 0.34 (1.3%)
WTL 1.24 Decreased By ▼ -0.02 (-1.59%)
BR100 9,951 Increased By 67.8 (0.69%)
BR30 30,875 Increased By 274.8 (0.9%)
KSE100 93,888 Increased By 532.9 (0.57%)
KSE30 29,092 Increased By 161.3 (0.56%)
Nov 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-06
Universities symbol of national integration: VC AIOU

Universities symbol of national integration: VC AIOU

Vice Chancellor, Allama Iqbal Open University (AIOU), Professor Dr Shahid Siddiqui said that universities are a symbol of national integration as the AIOU functions across the country. He said that they were going to launch matric education free-of-cost i
Published 06 Aug, 2017 12:00am
Qureshi accuses Sharif of using government machinery for his rally

Qureshi accuses Sharif of using government machinery for his rally

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mahmood Qureshi said on Saturday that ousted Prime Minister Nawaz Sharif was an ordinary citizen, not head of a political party in the eyes of law. Speaking to media, Qureshi said the PML-N government was
Published 06 Aug, 2017 12:00am
Minister vows to achieve $35 billion exports' target

Minister vows to achieve $35 billion exports' target

Minister of Commerce Pervaiz Malik on Saturday expressed resolve to achieve the export's target of USD 35 billion by 2018 with the active participation of private sector and leading exporters. The minister was talking to Vice President SAARC Chamber Chair
Published 06 Aug, 2017 12:00am
Framing policies: all stakeholders to be taken on board: minister

Framing policies: all stakeholders to be taken on board: minister

Newly-appointed Minister of State for Commerce and Textile Pervaiz Malik has said that all the stakeholders will be taken on board to frame such policies that could help improve the country's business environment as well as the exports. Malik said the cou
Published 06 Aug, 2017 12:00am
PFC team off to US to explore market

PFC team off to US to explore market

A high level delegation of Pakistan Furniture Council (PFC) on Saturday left for America on two-week visit to explore new markets and strengthen the bilateral trade relations with the American business community. The delegation headed by the council's chi
Published 06 Aug, 2017 12:00am
APTMA chief felicitates Pervaiz Malik

APTMA chief felicitates Pervaiz Malik

The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Syed Ali Ahsan has congratulated Muhammad Pervaiz Malik on assuming charge of Commerce and Textile Minister. He urged him to convene a meeting of the Federal Textile Board and start implem
Published 06 Aug, 2017 12:00am
Government focusing on providing best healthcare facilities: minister

Government focusing on providing best healthcare facilities: minister

Punjab Minister for Specialized Healthcare and Medical Education, Khawaja Salman Rafique has said that government is focusing on provision of quality healthcare services to the patients in the hospitals and to control spread of diseases. "A comprehensive
Published 06 Aug, 2017 12:00am
Punjab jobs portal goes online from 10 August

Punjab jobs portal goes online from 10 August

Unified portal 'Punjab Jobs Online' developed by Punjab Information Technology Board will enable job seekers to view all Punjab government jobs on a single platform and it will ensure transparency and fairness in hiring process subsequently decreasing adm
Published 06 Aug, 2017 12:00am
Conspiracies being hatched to halt uplift works: CM

Conspiracies being hatched to halt uplift works: CM

Punjab Chief Minister Saturday said that conspiracies were hatched to stop the way of development through creation of political crisis during every era of PML-N but, PML-N has coped with every challenge and crisis. He said that by creating hurdles in the
Published 06 Aug, 2017 12:00am
Punjab government to mark International Minorities Day on 11 August

Punjab government to mark International Minorities Day on 11 August

The Punjab government has decided to mark the "International Minorities Day" in a befitting manner on August 11, said sources. According to the sources, the Punjab Chief Minister has constituted 8-member committee to finalize arrangements to mark the day
Published 06 Aug, 2017 12:00am
Saad Rafique slams Musharraf

Saad Rafique slams Musharraf

Pakistan Muslim League-Nawaz leader and Railways Minister Khawaja Saad Rafique has slammed former president Pervez Musharraf and also called him enemy of the people. In a series of tweets on Saturday, Saad said dictatorial policies of Musharraf shook the
Published 06 Aug, 2017 12:00am
Sugar prices jump by Rs 5.5 per kg

Sugar prices jump by Rs 5.5 per kg

Sugar prices have recorded a jump of Rs 5 to 5.50 per kg during the last five days in Akbari Mandi, the biggest wholesale market of the province, as the sugar mills are not allowing lifting of the commodity to the dealers. President Lahore Sugar Dealers A
Published 06 Aug, 2017 12:00am
IBA to organise sixth IFN Pakistan forum
Exchange

IBA to organise sixth IFN Pakistan forum

Sixth IFN (Islamic Finance News) Pakistan Forum will be held on 4th October 2017 at Centre for Excellence in Islamic Finance (CEIF)-IBA Karachi. The IFN Pakistan Forum is expected to gather participants from across Europe, Asia and the Middle East and wil
Published 06 Aug, 2017 12:00am
Bilawal lashes out at Nawaz, Imran

Bilawal lashes out at Nawaz, Imran

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari has lashed out at Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and ousted prime minister Nawaz Sharif, calling them as power-hungry. Addressing a public gathering at Polo Ground here on Sa
Published 06 Aug, 2017 12:00am
Rangers refute Dr Asim's claim

Rangers refute Dr Asim's claim

The paramilitary Rangers on Saturday rebutted former petroleum minister Dr Asim Hussain's claim of being heavily drugged during the investigation process. During an interview to a private TV channel on Friday, Dr Asim had claimed that he was under the inf
Published 06 Aug, 2017 12:00am
Internet disruptions affect PTCL's customers

Internet disruptions affect PTCL's customers

A fault occurred near Jeddah, Saudi Arabia in one of the international submarine cable systems IMEWE providing internet bandwidth to Pakistan, early morning today. Due to this, customers are experiencing slow internet browsing. Another international cable
Published 06 Aug, 2017 12:00am
Heatwave likely to unleash glacier melt in GB: Met Office

Heatwave likely to unleash glacier melt in GB: Met Office

The Met Office has warned that the persistent heat wave is likely to unleash glacier melt in Gilgit-Baltistan and Chitral, Khyber Pukhtunkhwa. It said that the temperature is expected to go up over five degrees Celsius in both glacier areas of the country
Published 06 Aug, 2017 12:00am
Artificial leather items' customs value revised

Artificial leather items' customs value revised

Directorate General Customs Valuation (DGCV) has revised the customs values of ladies purses, clutches and other items which are made of artificial leather under section 25 (9) of the Customs Act, 1969. A reference was received from the Model Customs Coll
Published 06 Aug, 2017 12:00am
PML-N all set to show its strength on Nawaz's arrival

PML-N all set to show its strength on Nawaz's arrival

As welcoming banners and posters of Nawaz Sharif have been displayed in the provincial metropolis, the Pakistan Muslim League-Nawaz (PML-N) is all set to show its strength on arrival of ousted prime minister to his hometown. Pakistan Muslim League-Nawaz h
Published 06 Aug, 2017 12:00am
Robberies, snatching on the rise in Islamabad

Robberies, snatching on the rise in Islamabad

Ratio of various kinds of crimes including robberies, snatching and motor vehicle theft has registered an upward trend during the last week contrary to tall claims of capital police with regard to controlling crimes. According to data gathered by Busin
Published 06 Aug, 2017 12:00am
60,000 litres of smuggled Irani diesel seized

60,000 litres of smuggled Irani diesel seized

The police have foiled a bid of smuggling Irani diesel to Mochko area of the city on Saturday. Superintendent of Police (SP) Kemari, Arif Aziz told the media that Mochko police acting on information about the smuggling of huge quantity of diesel started c
Published 06 Aug, 2017 12:00am
Nawaz accorded warm welcome at Bhara Kahu

Nawaz accorded warm welcome at Bhara Kahu

Amid tight security arrangements, a large number of workers of Pakistan Muslim League-Nawaz (PML-N) on Saturday accorded a warm welcome to former prime minister Nawaz Sharif here at Bhara Kahu. A large number of PML-N workers gathered at Bhara Kahu to wel
Published 06 Aug, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (August 05, 2017) and the forecast for Sunday (August 06, 2017).

Published 06 Aug, 2017 12:00am
Dar reviews FBR's Performance

Dar reviews FBR's Performance

Federal Minister for Finance, Senator Ishaq Dar, chaired a session of Chief Commissioners Conference at Federal Board of Revenue on Saturday to review revenue collection performance of July, 2017. The minister was briefed that Federal Board of Revenue (FB
Published 06 Aug, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 05, 2017).

Published 06 Aug, 2017 12:00am
KP launches project to end discrepancies in teachers' salary

KP launches project to end discrepancies in teachers' salary

The five-year Education Sector Plan (ESP) in KP government has launched a pilot program to eliminate discrepancies in teacher salaries. This is part of the Rs 593 billion reforms budget that the government has prioritized for quality education. Under this
Published 06 Aug, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 05, 2017).

Published 06 Aug, 2017 12:00am
Rivers Indus, Chenab, Kabul, Swat flow in medium, low flood

Rivers Indus, Chenab, Kabul, Swat flow in medium, low flood

The Federal Flood Commission (FFC) said on Saturday that River Indus was flowing in medium flood at Kalabagh-Chashma and Chashma-Taunsa and at low flood at Tarbela and Guddu. According to FFC report, rivers Kabul in Warsak-Nowshere reach and Swat at Chakd
Published 06 Aug, 2017 12:00am
Experts highlight impact of socio-economic factors

Experts highlight impact of socio-economic factors

Experts at a seminar held on Saturday titled "At 70: Pakistan's Population at Cross Roads" highlighted various aspects of migration, population, family planning, culture and other socio-economic factors in Pakistan and its impact on the country. The semin
Published 06 Aug, 2017 12:00am
Accusations against Imran

Accusations against Imran

Prime Minister Shahid Khaqan Abbasi is said to have underscored the need for initiating an investigation into allegations that Pakistan Tehreek-e-Insaf chief Imran Khan harassed lawmaker Ayesha Gulalai. The National Assembly has adopted a motion to empowe
Published 06 Aug, 2017 12:00am
Cash versus culture: Tourism projects hit trouble in Greece

Cash versus culture: Tourism projects hit trouble in Greece

New York property developer Mike Angeliades has wanted to create a golf resort in his native Greece for quarter of a century. But just when the plan seemed within reach, the past caught up with him. Three years ago, Angeliades won a state-sanctioned compe
Published 06 Aug, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 05, 2017)

Published 06 Aug, 2017 12:00am
External sector - II
Cotton

External sector - II

5.2 Current account The current account posted a deficit of US$ 6.1 billion during Jul-Mar FY17, more than double the level recorded during the same period last year. This deterioration was mainly attributed to the surging trade deficit, which hit
Published 06 Aug, 2017 12:00am
External sector - II
Cotton

External sector - II

5.2 Current account The current account posted a deficit of US$ 6.1 billion during Jul-Mar FY17, more than double the level recorded during the same period last year. This deterioration was mainly attributed to the surging trade deficit, which hit
Published 06 Aug, 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 (August 05, 2017).

Published 06 Aug, 2017 12:00am
Mehbooba Mufti's double-speak

Mehbooba Mufti's double-speak

Occupied Kashmir Chief Minister Mehbooba Mufti is not a rebel by temperament, but what is happening in her state now seems to be beyond her patience. Reacting to the arrests of seven Kashmiri leaders, she said "you cannot imprison an idea. You cannot kill
Published 06 Aug, 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 (August 05, 2017).

Published 06 Aug, 2017 12:00am
Rising tensions in the Korean Peninsula

Rising tensions in the Korean Peninsula

With dictators the threat of foreign invasion is a time-tested pretext to camouflage their one-man rule, and nowhere has it worked so successfully as in North Korea. From grandfather to grandson, the three Kims portrayed their country as being under siege
Published 06 Aug, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 05, 2017).

Published 06 Aug, 2017 12:00am
BMW urges foreign carmakers to pay into German transport fund: FAS

BMW urges foreign carmakers to pay into German transport fund: FAS

Foreign carmakers should contribute to a proposed German fund set up to improve urban transport infrastructure, BMW CEO Harald Krueger has told a German newspaper, only days after a deal was reached to cut pollution and avert a ban on diesel engines. "It
Published 06 Aug, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 05, 2017).

Published 06 Aug, 2017 12:00am
BMW urges foreign carmakers to pay into German transport fund: FAS

BMW urges foreign carmakers to pay into German transport fund: FAS

Foreign carmakers should contribute to a proposed German fund set up to improve urban transport infrastructure, BMW CEO Harald Krueger has told a German newspaper, only days after a deal was reached to cut pollution and avert a ban on diesel engines. "It
Published 06 Aug, 2017 12:00am
BMW urges foreign carmakers to pay into German transport fund: FAS

BMW urges foreign carmakers to pay into German transport fund: FAS

Foreign carmakers should contribute to a proposed German fund set up to improve urban transport infrastructure, BMW CEO Harald Krueger has told a German newspaper, only days after a deal was reached to cut pollution and avert a ban on diesel engines. "It
Published 06 Aug, 2017 12:00am
THE RUPEE: further gains

THE RUPEE: further gains

The rupee improved further against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee showed further gains versus the dollar, picking up 10 paisas for buying and selling at Rs 106.60 and Rs 106.80 respectively, t
Published 06 Aug, 2017 12:00am
Germany concerned Belgium withheld data about contaminated eggs

Germany concerned Belgium withheld data about contaminated eggs

German Agriculture Minister Christian Schmidt on Saturday expressed concern about news that Belgian authorities first learned about the possible contamination of eggs with an insecticide in June, a month before the issue became public.
Published 06 Aug, 2017 12:00am
THE RUPEE: further gains

THE RUPEE: further gains

The rupee improved further against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee showed further gains versus the dollar, picking up 10 paisas for buying and selling at Rs 106.60 and Rs 106.80 respectively, t
Published 06 Aug, 2017 12:00am
Germany concerned Belgium withheld data about contaminated eggs

Germany concerned Belgium withheld data about contaminated eggs

German Agriculture Minister Christian Schmidt on Saturday expressed concern about news that Belgian authorities first learned about the possible contamination of eggs with an insecticide in June, a month before the issue became public.
Published 06 Aug, 2017 12:00am
Canada telecommunications crash wreaks airport havoc

Canada telecommunications crash wreaks airport havoc

A major telecom outage triggered a disruption of flights and emergency services as Canada's Atlantic region reeled from a widespread loss of cell phone coverage. A system failure reported by two telecom operators, Bell and Telus, led to widespread service
Published 06 Aug, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (August 05, 2017).

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Previous Day