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Sep 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-17
Aussie, kiwi down

Aussie, kiwi down

The Australian and New Zealand dollars stood near one-month lows on Wednesday against a buoyant US dollar after solid retail sales data revived the risk of another Federal Reserve interest rate hike this year. The Australian dollar went as low as $0.7808
Published 17 Aug, 2017 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (August 16, 2017).

Published 17 Aug, 2017 12:00am
Muhammad Ali Jinnah XI win Independence Day Hockey League

Muhammad Ali Jinnah XI win Independence Day Hockey League

Quaid-e-Azam Muhammad Ali Jinnah XI clinched the trophy after defeating Liaqat Ali Khan XI in the final and got 15 points in the Independence Day Hockey League played here at Lala Ayub Hockey Stadium. Director General Sports KP Junaid Khan was the chief g
Published 17 Aug, 2017 12:00am
Peshawar White defeat Kohat in KP Inter-District Football Championship

Peshawar White defeat Kohat in KP Inter-District Football Championship

Peshawar White defeated strong Kohat in the opening match of the Khyber Pakhtunkhwa Inter-District Football Championship, which got under way at Qayyum Sports Complex football ground here Wednesday. Director General Sports KP Junaid Khan, former Health Mi
Published 17 Aug, 2017 12:00am
Rabat title-winning bike stolen in Belgium

Rabat title-winning bike stolen in Belgium

The Kalex bike with which Spain's Tito Rabat won the 2014 world Moto2 title has been stolen in Belgium, his Marc VDS team revealed on Wednesday. The bike was taken from the team's headquarters in Gosselies, near Charleroi in southern Belgium, in the early
Published 17 Aug, 2017 12:00am
Ronaldo appeal against five-game ban rejected

Ronaldo appeal against five-game ban rejected

Cristiano Ronaldo will be suspended for Real Madrid's Spanish Super Cup, second leg against Barcelona on Wednesday evening after his appeal against a five-game ban was dismissed. The Spanish football federation's (RFEF) appeals committee "dismissed the ap
Published 17 Aug, 2017 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (August 16, 2017).

Published 17 Aug, 2017 12:00am
Umar Akmal blames Arthur for abusing him

Umar Akmal blames Arthur for abusing him

Batsman Umar Akmal Wednesday claimed that coach Mickey Arthur had verbally abused him in the presence of Chief Selector Inzamam-ul-Haq. Akmal told media that he was in National Cricket Academy (NCA) where Arthur abused him and senior players did not stop
Published 17 Aug, 2017 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (August 16, 2017).

Published 17 Aug, 2017 12:00am
Nishikori to miss rest of season with wrist injury

Nishikori to miss rest of season with wrist injury

World number nine Kei Nishikori of Japan will miss the remainder of the 2017 ATP season after suffering a torn tendon in his right wrist, his management team announced Wednesday. The 27-year-old Asian number one will miss the upcoming US Open, on the New
Published 17 Aug, 2017 12:00am
PCB gives farewell to Shaharyar Khan

PCB gives farewell to Shaharyar Khan

A farewell ceremony was hosted in honour of the outgoing Chairman Pakistan Cricket Board (PCB) Shaharyar M. Khan here at Qadhafi stadium, here on Wednesday. In the ceremony, newly elected Chairman PCB Najam Sethi and other office bearers welcomed the outg
Published 17 Aug, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 17 Aug, 2017 12:00am
Sprinter Kittel switches to Katusha-Alpecin

Sprinter Kittel switches to Katusha-Alpecin

Sprint star Marcel Kittel has quit Belgium's Team Quick Step-Floors to link up with Germany's world time-trial champion Tony Martin at Swiss outfit Katusha-Alpecin, it was announced on Wednesday. Kittel, 29, had an outstanding 2017 Tour de France, winning
Published 17 Aug, 2017 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 17 Aug, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 17 Aug, 2017 12:00am
Own goal seals Liverpool win at Hoffenheim

Own goal seals Liverpool win at Hoffenheim

Jurgen Klopp insists Liverpool are far from certain of a Champions League group stage berth despite their 2-1 win at Hoffenheim on Tuesday in their play-off, first-leg. The result in south-west Germany leaves Klopp's Liverpool in pole position ahead of th
Published 17 Aug, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 17 Aug, 2017 12:00am
Holder backs pacemen to shine against England

Holder backs pacemen to shine against England

West Indies captain Jason Holder believes his pacemen can help the "huge underdogs" make life uncomfortable for England during their upcoming Test series. The first of a three-match campaign starts at Edgbaston on Thursday with the inaugural day/night Tes
Published 17 Aug, 2017 12:00am
Canada firefighters brave extreme heights to put out CN Tower fire

Canada firefighters brave extreme heights to put out CN Tower fire

Firefighters in Canada's largest city hiked partway to the top of the world's third-tallest tower and through a narrow crawlspace to put out a smouldering fire early Wednesday. The fire broke out at about 4 am (0800 GMT) inside the antenna atop the CN Tow
Published 17 Aug, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, the total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.691billion and the number of lots traded was 10,926. PMEX Commodity Index closed at 2,955. Major business was contributed by gol
Published 17 Aug, 2017 12:00am
Lebanon scraps reviled rape law after campaign

Lebanon scraps reviled rape law after campaign

Lebanon's parliament on Wednesday scrapped a controversial law allowing rapists who marry their victims to go free, official media and activists said, after a high-profile campaign for its repeal. A proposal to repeal Article 522 of the penal code - which
Published 17 Aug, 2017 12:00am
EU wheat slips as tumble in Chicago prices
Exchange

EU wheat slips as tumble in Chicago prices

Euronext wheat futures hovered near contract lows on Tuesday, as a tumble in Chicago prices and enduring worries about ample supplies put fresh pressure on prices, offsetting support from a weaker euro. December milling wheat, the most active contract on
Published 17 Aug, 2017 12:00am
Fire-hit Greece calls off EU help as PM says conditions improve

Fire-hit Greece calls off EU help as PM says conditions improve

Greece on Wednesday called off a request for European assistance in battling wildfires as Prime Minister Alexis Tsipras said firefighters had gained the upper hand in halting a destructive blaze near Athens after three days. "The worst has been avoided,"
Published 17 Aug, 2017 12:00am
Russian wheat export prices fall on large crop arrives

Russian wheat export prices fall on large crop arrives

Russian wheat export prices fell for the second consecutive week due to the imminent arrival of a giant crop on the market that is expected to beat last year's record, analysts said on Monday. The US Department of Agriculture and two leading Russian agric
Published 17 Aug, 2017 12:00am
Kosovo deadlock has hurt country's economy: UN official

Kosovo deadlock has hurt country's economy: UN official

Kosovo's failure to form a government two months after snap elections has hurt the country economically and socially, the head of the UN mission there said Wednesday. Kosovo's newly-elected parliament failed on August 13 to vote for a new speaker for a fo
Published 17 Aug, 2017 12:00am
US natural gas futures fall on profit taking
Exchange

US natural gas futures fall on profit taking

US natural gas futures edged lower on Tuesday as investors booked profits after prices failed to surpass a key technical level convincingly amid forecasts for hotter weather over the next two weeks that was expected to boost cooling demand. Front-month ga
Published 17 Aug, 2017 12:00am
Maduro makes surprise visit to Cuba

Maduro makes surprise visit to Cuba

Venezuelan President Nicolas Maduro paid tribute to the late leftist icon Fidel Castro during a surprise visit to Cuba, state media reported Wednesday. The daily Granma said Maduro traveled Tuesday to Castro's tomb in Santiago de Cuba. Maduro was accompan
Published 17 Aug, 2017 12:00am
Activities at Karachi & Qasim Ports

Activities at Karachi & Qasim Ports

The Karachi Port handled 173,138 tonnes of cargo comprising 136,402 tonnes of import cargo and 36,736 tonnes of export cargo including 6,842 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 17 Aug, 2017 12:00am
UN chief urges political solution on Venezuela

UN chief urges political solution on Venezuela

UN Secretary General Antonio Guterres urged the Venezuelan government and opposition on Wednesday to re-start negotiations, calling for a brokered solution to the country's economic and political crisis. Venezuelan President Nicolas Maduro has ordered the
Published 17 Aug, 2017 12:00am
Cotton prices fall as supply rises
Cotton

Cotton prices fall as supply rises

Prices continued slide on the cotton market on Wednesday as seed cotton supply improved in the process of trading, dealers said. The official spot rate shed further Rs 50 to Rs 6200, they said. In the ready session over 22,000 bales of cotton changed hand
Published 17 Aug, 2017 12:00am
Britain seeks Brexit without borders for Northern Ireland

Britain seeks Brexit without borders for Northern Ireland

Britain has said there should be no border posts or immigration checks between Ireland and the British province of Northern Ireland after Brexit, in a paper that attempts to resolve one of the most complex aspects of its departure from the European Union.
Published 17 Aug, 2017 12:00am
Ivory Coast's weather good for cocoa main crop

Ivory Coast's weather good for cocoa main crop

Average sunshine in Ivory Coast's main cocoa-growing regions last week was sufficient for the development of the October-to-March main crop, though overcast weather continued to raise fears of disease in certain areas, farmers said on Monday. The harvest
Published 17 Aug, 2017 12:00am
Grace Mugabe claims diplomatic immunity in South Africa assault case

Grace Mugabe claims diplomatic immunity in South Africa assault case

Zimbabwe's first lady Grace Mugabe has claimed diplomatic immunity after being accused of assaulting a 20-year-old model, South African police said Wednesday, in an incident that could test cross-border relations. The 52-year-old wife of President Robert
Published 17 Aug, 2017 12:00am
Maersk upbeat on shipping outlook, faces hefty cyber attack bill

Maersk upbeat on shipping outlook, faces hefty cyber attack bill

Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by as much as 4.5 percent as investors looked beyond one-off second-quarter charges and a costly cyber attack on its operations. Maersk has been hi
Published 17 Aug, 2017 12:00am
'Dragon captured' as cargo arrives at space station

'Dragon captured' as cargo arrives at space station

SpaceX's unmanned Dragon cargo vessel, carrying the first super-computer to space as part of its 6,400 pound (2,900 kilograms) payload arrived Wednesday at the International Space Station. "And that is confirmed capture," said a NASA commentator as space
Published 17 Aug, 2017 12:00am
Polish economy up 3.9 percent in Q2, above expectations

Polish economy up 3.9 percent in Q2, above expectations

Poland's economy topped analysts' expectations and grew by 3.9 percent year-on-year in the second quarter as it maintained strong momentum from the previous quarter, a first estimate showed on Wednesday. The statistics office GUS said Poland's economy, th
Published 17 Aug, 2017 12:00am
US military chief urges China to pressure North Korea

US military chief urges China to pressure North Korea

The head of the US military said during a visit to Beijing that it was increasingly urgent for China to step up pressure on North Korea, according to a Pentagon spokesman on Wednesday. General Joe Dunford, chairman of the US Joint Chiefs of Staff, told Ge
Published 17 Aug, 2017 12:00am
Thai central bank holds key rate again
Exchange

Thai central bank holds key rate again

Thailand's central bank on Wednesday left its key interest rate where it has stayed for more than two years, as there continues to be no incentive to cut and no need to raise it now. As expected, the Bank of Thailand (BOT)'s Monetary Policy Committee vote
Published 17 Aug, 2017 12:00am
Kenyan opposition leader will go to Supreme Court over disputed election

Kenyan opposition leader will go to Supreme Court over disputed election

Kenyan opposition leader Raila Odinga said on Wednesday he would challenge last week's presidential election result in court, calming fears that further street protests by his supporters might lead to widespread violence. At least 24 people have been kill
Published 17 Aug, 2017 12:00am
Brazil softens budget deficit goals through 2020

Brazil softens budget deficit goals through 2020

Brazil's government loosened its budget targets for all years through 2020 on Tuesday, delaying prospects for a drop in the federal deficit after legislators repeatedly refused to raise taxes in the recession-hit economy. Cost-cutting measures were announ
Published 17 Aug, 2017 12:00am
Kenyan government suspends action against rights groups

Kenyan government suspends action against rights groups

The Kenyan government ordered the suspension of moves to shut down two rights groups that have raised concerns over last week's election, hours after authorities raided one of the group's offices. Police and tax authorities on Wednesday raided the Africa
Published 17 Aug, 2017 12:00am
China pledges wider opening to foreign investors, more IP protection

China pledges wider opening to foreign investors, more IP protection

China, facing a possible decline in foreign investment this year, will become more open for international investors and take steps to better protect intellectual property, its cabinet said on Wednesday. In recent months, the Chinese government has made mu
Published 17 Aug, 2017 12:00am
Iran forces chief holds rare talks with Erdogan

Iran forces chief holds rare talks with Erdogan

Iran's Armed Forces chief of staff on Wednesday held rare talks with Turkish President Recep Tayyip Erdogan, reportedly focused on the fight against "terror" groups in Syria and Iraq. Erdogan hosted General Mohammad Hossein Bagheri at his presidential pal
Published 17 Aug, 2017 12:00am
Israel economy rebounds in Q2 but still slower than forecast

Israel economy rebounds in Q2 but still slower than forecast

Israel's economy grew at a slower-than-expected rate in the second quarter due to a drop in exports, but gains in consumer spending and industrial investment helped growth rebound from the prior three months. Gross domestic product grew an annualised 2.7
Published 17 Aug, 2017 12:00am
Young Hong Kong democrats face jail amid fears of broader crackdown

Young Hong Kong democrats face jail amid fears of broader crackdown

The democracy movement in Chinese-ruled Hong Kong is facing a dark era, student protest leader Joshua Wong said on Wednesday, a day before an appeal court decides whether to send him and two other activists to jail. The former British colony, which last m
Published 17 Aug, 2017 12:00am
Brazil's JBS misses estimates as financial expenses soar

Brazil's JBS misses estimates as financial expenses soar

JBS SA, the world's largest meatpacker, on Monday reported second-quarter income that missed estimates as a spike in net financial expenses and its struggling South American operations weighed on results. JBS reported quarterly net income of 309.8 million
Published 17 Aug, 2017 12:00am
Macron approval rating at 37 percent: poll

Macron approval rating at 37 percent: poll

Only 37 percent of French voters are happy with President Emmanuel Macron's performance in his first three months in power, a new survey showed on Wednesday. The 39-year-old's approval ratings have fallen sharply since his election in May after a mixed st
Published 17 Aug, 2017 12:00am
Brazil's JBS misses estimates as financial expenses soar

Brazil's JBS misses estimates as financial expenses soar

JBS SA, the world's largest meatpacker, on Monday reported second-quarter income that missed estimates as a spike in net financial expenses and its struggling South American operations weighed on results. JBS reported quarterly net income of 309.8 million
Published 17 Aug, 2017 12:00am
Zambia opposition leader freed, treason charge dropped

Zambia opposition leader freed, treason charge dropped

Zambian opposition leader Hakainde Hichilema walked free from prison Wednesday after treason charges against him were dropped, averting a trial that threatened turmoil in the southern African nation. Hichilema, whose trial was due to begin in the morning,
Published 17 Aug, 2017 12:00am
Serbia offers citizenship to Afghan 'Little Picasso'

Serbia offers citizenship to Afghan 'Little Picasso'

Serbia on Wednesday offered citizenship to the family of a young Afghan refugee who has become known as "Little Picasso" for his artistic talent, the president's office said. Ten-year-old Farhad Noory has lived in a migrant camp in Belgrade with his paren
Published 17 Aug, 2017 12:00am
Eurozone Q2 annual growth estimate upgraded

Eurozone Q2 annual growth estimate upgraded

The economy in the 19 countries sharing the euro currency expanded by more than previously forecast in the second quarter compared to the same quarter in 2016, the European Union's statistics office Eurostat said on Wednesday. Euro zone gross domestic pro
Published 17 Aug, 2017 12:00am
Trump isolated after Charlottesville remarks

Trump isolated after Charlottesville remarks

Donald Trump found himself in the eye of a political storm Wednesday after his stunning remarks on the unrest in Charlottesville, which sparked unease within his own camp and could mark a turning point in his already chaotic presidency. His assessment tha
Published 17 Aug, 2017 12:00am
Saudi Electricity secures $1.75 billion in international loans

Saudi Electricity secures $1.75 billion in international loans

Saudi Arabia's national electricity company on Wednesday announced it had secured $1.75 billion in international loans, its largest to date, to finance future plans. The five-year loan is financed by eight international banks, according to a statement pub
Published 17 Aug, 2017 12:00am
Fears for 600 still missing in Sierra Leone floods

Fears for 600 still missing in Sierra Leone floods

Concerns shifted Wednesday to the estimated 600 people still missing and thousands made homeless in Sierra Leone by deadly floods in the capital, as it emerged that at least a third of those killed were children. The United Nations said Tuesday that it wa
Published 17 Aug, 2017 12:00am
UK banks behind schedule in post-Brexit preparations: ECB

UK banks behind schedule in post-Brexit preparations: ECB

British-based banks seeking to relocate to the European Union before Britain leaves the bloc are behind schedule in their preparations for the move, a European Central Bank supervisor said on Wednesday. International banks based in London risk losing acce
Published 17 Aug, 2017 12:00am
Confederate monuments removed in Baltimore, other cities

Confederate monuments removed in Baltimore, other cities

Confederate monuments were removed overnight in Baltimore, Maryland, and other US cities as a campaign to erase symbols of the pro-slavery Civil War South gathered momentum across the United States. The removal of the monuments came four days after clashe
Published 17 Aug, 2017 12:00am
NAFTA renegotiation talks open amid high expectations

NAFTA renegotiation talks open amid high expectations

Negotiators from Canada, Mexico and the United States opened the first round of talks Wednesday to revamp the 23-year-old NAFTA free trade agreement, which some see as a demon and others view as a savior. But anyone who thought Washington would put aside
Published 17 Aug, 2017 12:00am
Cotton falls for third day as record US output weighs
Cotton

Cotton falls for third day as record US output weighs

ICE cotton fell for the third straight session to touch a one-month low on Wednesday as expectations of record high output from major producer United States weighed on the natural fibre market. Cotton for December settled 0.34 cent, or 0.5 percent, lower
Published 17 Aug, 2017 12:00am
Cathay Pacific posts worst first-half loss in at least 20 years

Cathay Pacific posts worst first-half loss in at least 20 years

Hong Kong's Cathay Pacific Airways Ltd on Wednesday said it did not see operating conditions improving over the rest of 2017 after posting its worst first-half loss in at least two decades as it continued to lose customers to lower-cost rivals.
Published 17 Aug, 2017 12:00am
Zinc prices highest in a decade as industrial metals surge
Exchange

Zinc prices highest in a decade as industrial metals surge

Zinc prices surged to their highest in almost a decade on Wednesday while aluminium and copper hit their highest since 2014 as rises across most industrial metals triggered pre-set buy orders and a wave of speculative buying. "Momentum funds are buying th
Published 17 Aug, 2017 12:00am
Cathay Pacific posts worst first-half loss in at least 20 years

Cathay Pacific posts worst first-half loss in at least 20 years

Hong Kong's Cathay Pacific Airways Ltd on Wednesday said it did not see operating conditions improving over the rest of 2017 after posting its worst first-half loss in at least two decades as it continued to lose customers to lower-cost rivals.
Published 17 Aug, 2017 12:00am
Oil slides despite steep draw in US crude stocks

Oil slides despite steep draw in US crude stocks

Oil prices fell more than 1 percent on Wednesday even though US crude stockpiles declined by the most in a year, as data suggesting domestic production was edging higher stoked worries about the global crude glut. Brent crude futures settled down 53 cents
Published 17 Aug, 2017 12:00am
Tainted egg scandal sparks political row in Germany

Tainted egg scandal sparks political row in Germany

A German state minister charged Wednesday that over three times more eggs contaminated with the insecticide fipronil had entered the country than the national government has admitted. While Berlin puts the total at 10.7 million eggs, the agriculture minis
Published 17 Aug, 2017 12:00am
Rubber climbs
Exchange

Rubber climbs

Benchmark Tokyo rubber futures climbed on Wednesday as investors unwound short positions following gains in Shanghai futures and on hopes for Thailand's efforts to support prices. The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery f
Published 17 Aug, 2017 12:00am
Amazon set to create 1,000 new jobs in UK

Amazon set to create 1,000 new jobs in UK

US online retail titan Amazon will create more than 1,000 new jobs next year with the opening of a new warehouse in Britain, under plans unveiled Wednesday. Amazon said in a statement that it will open a new order fulfillment centre just outside the city
Published 17 Aug, 2017 12:00am
US housing starts fall as multi-family construction slumps

US housing starts fall as multi-family construction slumps

US homebuilding unexpectedly fell in July as the construction of multi-family houses tumbled to a 10-month low, but strong job growth is expected to continue to support the housing market recovery. Housing starts declined 4.8 percent to a seasonally adjus
Published 17 Aug, 2017 12:00am
UK unemployment falls to lowest since 1975, wage growth still muted

UK unemployment falls to lowest since 1975, wage growth still muted

Britain's labour market confounded a sluggish economy in the second quarter as the unemployment rate fell to its lowest since 1975. Wage growth remained muted, however, and analysts said the tepid economy could yet take a toll on jobs.
Published 17 Aug, 2017 12:00am
Malaysian palm oil falls
Vegetable Oil

Malaysian palm oil falls

Malaysian palm oil futures fell for a third straight day on Wednesday, tracking losses in soyaoil overnight on the Chicago Board of Trade (CBOT). The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange ended down 0
Published 17 Aug, 2017 12:00am
Most ME markets up; Egypt ends losing streak but Qatar down after data

Most ME markets up; Egypt ends losing streak but Qatar down after data

Most Middle Eastern stock markets rose on Wednesday, with Egypt ending a six-day losing streak, but trading volumes were thin in the absence of major new catalysts for investors. The Dubai index rose 0.3 percent as GFH Financial , the most active stock, c
Published 17 Aug, 2017 12:00am
Raw sugar, robusta coffee hit lowest since late June

Raw sugar, robusta coffee hit lowest since late June

Raw sugar futures on ICE US hit a fresh seven-week low on Wednesday, while robusta coffee fell to fresh 7-1/2 week low, both pressured by a strong dollar and ample supplies. White sugar hit an all-time low for the October contract. October raw sugar settl
Published 17 Aug, 2017 12:00am
Nikkei ends flat

Nikkei ends flat

Japan's Nikkei share average was nearly flat on Wednesday with the previous day's rally running out of steam as the yen's weakening slowed, while Japan Airlines bucked the trend helped by a brokerage's bullish view. The Nikkei inched down 0.1 percent to 1
Published 17 Aug, 2017 12:00am
Gold slips in New York

Gold slips in New York

Gold fell nearly 1 percent, down for a second day on Tuesday after better-than-expected US economic data and easing tensions over North Korea encouraged investors to buy riskier assets, boosting stocks, the US dollar and bond yields. Gold, seen as a safe
Published 17 Aug, 2017 12:00am
Gold down in Asia

Gold down in Asia

Gold prices tread lower on Wednesday as the dollar steadied, with investors awaiting minutes from the US Federal Reserve's last meeting in July for clues on the pace of potential interest rate hikes. Spot gold had slipped 0.2 percent to $1,269.11 per ounc
Published 17 Aug, 2017 12:00am
Wall Street ends flat; economic data offsets retailer results
Exchange

Wall Street ends flat; economic data offsets retailer results

US stocks ended little changed on Tuesday as declines in Home Depot and other retailers following results offset upbeat US retail sales data. Home Depot's stock was down 2.7 percent and was the biggest drag for both the S&P 500 and Dow. Although the home
Published 17 Aug, 2017 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell on Wednesday for the third straight day as the dollar edged higher on the back of robust US economic data and an easing in tensions over North Korea. Spot gold had slipped 0.2 percent to $1,269.34 per ounce by 1300 GMT, continuing to move away f
Published 17 Aug, 2017 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong shares rose on Wednesday as investors took heart from strong quarterly earnings despite signs of slowing growth in China. The Hang Seng index ended up 0.9 percent at 27,409.07 points, while the China Enterprises Index gained 0.7 percent to 10,81
Published 17 Aug, 2017 12:00am
Less high-quality coffee beans coming from Brazil

Less high-quality coffee beans coming from Brazil

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 17 Aug, 2017 12:00am
Treasury yields rise on strong data

Treasury yields rise on strong data

US benchmark Treasury yields rose to one-week highs on Tuesday as investors pared low-risk bond holdings on signs of easing US-North Korean tensions and on strong domestic retail sales and regional factory activity data. Since the weekend, Washington and
Published 17 Aug, 2017 12:00am
US MIDDAY: wheat, corn futures ease

US MIDDAY: wheat, corn futures ease

Chicago Board of Trade wheat futures sank to contract lows on Wednesday as ample global supplies provided overseas buyers with cheaper alternatives to US offerings in export deals, traders said. Corn futures also were lower, pressured by the drop in wheat
Published 17 Aug, 2017 12:00am
Treasury yields rise on strong data

Treasury yields rise on strong data

US benchmark Treasury yields rose to one-week highs on Tuesday as investors pared low-risk bond holdings on signs of easing US-North Korean tensions and on strong domestic retail sales and regional factory activity data. Since the weekend, Washington and
Published 17 Aug, 2017 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose about 1 percent on Wednesday, shaking off two days of losses, as the dollar edged lower after the release of the minutes from Federal Reserve's July meeting at which policymakers voted unanimously to keep US interest rates unchanged. Fed policym
Published 17 Aug, 2017 12:00am
Sri Lankan shares fall

Sri Lankan shares fall

Sri Lankan shares fell for a fourth consecutive session on Wednesday, posting their lowest close in four months, as local investor sentiment remained muted following a string of disappointing June-quarter corporate results. However, the decline was limite
Published 17 Aug, 2017 12:00am
The silent soldier

The silent soldier

I served under General Akhtar Abdur Rahman for four years at the height of the Afghan war, he carried the enormous responsibility for the struggle against what was then the Soviet superpower, for over eight years. I call him the 'Silent Soldier' because o
Published 17 Aug, 2017 12:00am
Indian shares soar

Indian shares soar

Indian shares rose more than 1 percent on Wednesday, recovering from earlier falls to post their biggest single-day percentage gain since July 10, reflecting upbeat mood across global markets ahead of minutes of the US Federal Reserve's latest meeting. Th
Published 17 Aug, 2017 12:00am
Archroma Pakistan Limited
Mutual Funds

Archroma Pakistan Limited

Archroma Textiles S.a.r.l. (Archroma) is a multinational company providing colour and specialty chemicals. Globally, the company has 3000 employees, 25 production sites and is present in 35 countries. It is incorporated in Luxemburg and headquartered in R
Published 17 Aug, 2017 12:00am
Weak lending data hits Chinese stocks

Weak lending data hits Chinese stocks

China stocks closed lower on Wednesday as investor sentiment was undermined by concerns over weakening economic growth, but losses were kept in check by solid gains for tech shares. The blue-chip CSI300 index fell 0.1 percent, to 3,701.42, while the Shang
Published 17 Aug, 2017 12:00am
Archroma Pakistan Limited
Mutual Funds

Archroma Pakistan Limited

Archroma Textiles S.a.r.l. (Archroma) is a multinational company providing colour and specialty chemicals. Globally, the company has 3000 employees, 25 production sites and is present in 35 countries. It is incorporated in Luxemburg and headquartered in R
Published 17 Aug, 2017 12:00am
Miners lift European shares on metals prices, eurozone growth

Miners lift European shares on metals prices, eurozone growth

Miners and oil stocks led Europe's major share indexes higher on Wednesday on the back of higher metals prices and improved eurozone GDP figures. The pan-European STOXX 600 ended the session 0.7 percent higher, its third day of gains after a sharp sell-of
Published 17 Aug, 2017 12:00am
'OLMT will operate without driver'

'OLMT will operate without driver'

"Lahore Orange Line Metro Train will be fully automatic which will operate without a driver at a commercial speed of 35km per hour for covering the end to end journey in only 45 minutes." Khawaja Ahmad Haassan, Chairman of the steering committee for proje
Published 17 Aug, 2017 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares reversed direction on Wednesday to end at the its highest level in more than a month as financials pared their early losses, while upbeat earnings from oil companies and a rise in crude prices buoyed the energy sector. The S&P/ASX 200 in
Published 17 Aug, 2017 12:00am
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