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Print - 2017-08-30
Freeport, Indonesia to end years of wrangling over mining rights

Freeport, Indonesia to end years of wrangling over mining rights

Indonesia on Tuesday agreed to let Freeport-McMoRan Inc keep operating its giant Grasberg copper mine, after the US company said it would cede control of its Indonesian unit, ending years of wrangling. Freeport has been in talks with Indonesia since late
Published 30 Aug, 2017 12:00am
TPP countries consider amendments to stall trade deal

TPP countries consider amendments to stall trade deal

The 11 countries committed to the Trans-Pacific Partnership are considering amendments to the trade deal, three sources said on Tuesday, as officials meet in Sydney for talks to re-energize the stalled agreement. Among the areas being discussed, Vietnam h
Published 30 Aug, 2017 12:00am
Optimism wanes at UK services companies, labour shortages feared

Optimism wanes at UK services companies, labour shortages feared

Optimism across Britain's services sector fell during the three months to August, and companies felt the pinch from rising costs even though new business largely held up, an industry survey showed on Tuesday. The Confederation of British Industry's quarte
Published 30 Aug, 2017 12:00am
Juncker warns Brexit divorce terms before trade ties

Juncker warns Brexit divorce terms before trade ties

European Commission head Jean-Claude Juncker warned again Tuesday that Britain must first agree its divorce terms with the EU before any discussion of post-Brexit ties can begin. "It has to be ultra clear that we will not begin any negotiation on the futu
Published 30 Aug, 2017 12:00am
Bank of Cyprus posts big loss on bad debt provisions

Bank of Cyprus posts big loss on bad debt provisions

Bank of Cyprus, the Mediterranean island's largest lender, announced Tuesday losses of more than half a billion euros for the six months to June as it increased buffers for bad debt. Cyprus is recovering from a financial crisis that left a number of its t
Published 30 Aug, 2017 12:00am
Uber pays out $10 million to get back on Philippine roads

Uber pays out $10 million to get back on Philippine roads

Ride-sharing app Uber said Tuesday it had paid nearly $10 million in fines and drivers' compensation to return to the Philippines' roads, after it was suspended for defying the government. The nation's transportation agency suspended Uber on August 14 for
Published 30 Aug, 2017 12:00am
Britain may shame companies over boss pay

Britain may shame companies over boss pay

The British government announced Tuesday reforms that could see companies that award generous pay packages despite shareholder opposition shamed in a public register, although the package was less ambitious than the original proposals. The government of P
Published 30 Aug, 2017 12:00am
US consumer confidence jumps in August

US consumer confidence jumps in August

US consumer confidence jumped for the second straight month in August, surpassing expectations amid buoyant feelings about the present situation, according to a monthly survey released Tuesday. However, the survey showed consumers' are not expecting the e
Published 30 Aug, 2017 12:00am
Kazakhstan opens IAEA-backed nuclear fuel bank

Kazakhstan opens IAEA-backed nuclear fuel bank

Kazakhstan inaugurated Tuesday a new internationally-controlled uranium fuel bank seen as potentially important in curbing nuclear proliferation and reducinng regional security tensions The bank is capable of storing enough low-enriched uranium fuel to li
Published 30 Aug, 2017 12:00am
Emissions scandal is a risk to German economy: ministry

Emissions scandal is a risk to German economy: ministry

The emissions scandal ensnaring German carmakers is a risk to Europe's largest economy, the Finance Ministry said on Monday, adding that it was impossible at the moment to quantify its impact. In its monthly report, the ministry named the issue, which bro
Published 30 Aug, 2017 12:00am
Avianca expects to be one of only two major carriers in Latam: CEO

Avianca expects to be one of only two major carriers in Latam: CEO

Avianca Chief Executive Hernan Rincon said on Tuesday he expects the Colombian airline to become one of only two major international carriers connecting the Latin American region with global destinations. Rincon said in an interview with Reuters in New Yo
Published 30 Aug, 2017 12:00am
Homebuilder Toll Brothers misses revenue estimates

Homebuilder Toll Brothers misses revenue estimates

US luxury homebuilder Toll Brothers Inc's quarterly revenue fell just short of Wall Street estimates as the company's new line of lower-priced homes targeting millennials weighed on average selling prices. Shares of the company, which narrowed its revenue
Published 30 Aug, 2017 12:00am
Russia remains China's top oil supplier for fifth month in a row in July

Russia remains China's top oil supplier for fifth month in a row in July

Russia held its spot as China's top crude oil supplier for a fifth month in a row in July, with shipments up 54 percent over a year earlier, data showed on Wednesday. Russian shipments last month came in at 4.97 million tonnes, or about 1.17 million barre
Published 30 Aug, 2017 12:00am
China regulator says shadow banking crackdown reaches initial targets

China regulator says shadow banking crackdown reaches initial targets

China's moves to crack down on illicit banking activities have achieved initial targets and 20 sets of new regulations to increase supervision will be issued this year, the chief of the banking regulator's Prudential Regulation Bureau said on Friday. The
Published 30 Aug, 2017 12:00am
US to tax Argentine, Indonesian biodiesel imports

US to tax Argentine, Indonesian biodiesel imports

The United States on Tuesday announced new import duties on biodiesel imports from Argentina and Indonesia, which officials said received improper government subsidies. The action was spurred by complaints from a coalition of US producers who said the imp
Published 30 Aug, 2017 12:00am
Coca-Cola, PespiCo and others agree to cap sugar in drinks in Singapore

Coca-Cola, PespiCo and others agree to cap sugar in drinks in Singapore

Seven major drinks companies including Coca-Cola and PepsiCo will limit the sugar content of drinks they sell in Singapore, as part of the city-state's campaign to fight diabetes. Singapore is one of the first countries in Asia to target sugary drinks, br
Published 30 Aug, 2017 12:00am
McDonalds to limit use of antibiotics in chicken supply

McDonalds to limit use of antibiotics in chicken supply

McDonalds says it will start globally rolling back use of antibiotics in its chicken products from 2018 as part of efforts to curb microbial resistance to drugs and the rise of superbugs. The decision follows a similar move undertaken in the US market in
Published 30 Aug, 2017 12:00am
UK's Destiny Pharma taps AIM market to fund 'superbug' drugs

UK's Destiny Pharma taps AIM market to fund 'superbug' drugs

British biotech firm Destiny Pharma is aiming to raise more than 10 million pounds ($12.9 million) of new equity to develop drugs that target antibiotic-resistant bacterial infections, or superbugs, in hospitals, it said on Friday.
Published 30 Aug, 2017 12:00am
Building for India's poor: plant a seed to grow a forest

Building for India's poor: plant a seed to grow a forest

Balkrishna Doshi began his illustrious career as India was born, and many of the architect's most influential projects in the intervening 70 years have involved building almost nothing. For Doshi, modern city planners and designers of skyscrapers who try
Published 30 Aug, 2017 12:00am
US to withhold up to $290 million in Egypt aid

US to withhold up to $290 million in Egypt aid

The United States has decided to deny Egypt $95.7 million in aid and to delay a further $195 million because of its failure to make progress on respecting human rights and democratic norms, two sources familiar with the matter said on Tuesday. The decisio
Published 30 Aug, 2017 12:00am
New Zealand posts first July trade surplus since 2012

New Zealand posts first July trade surplus since 2012

New Zealand posted a July monthly trade surplus for the first time in five years, as a recovery in dairy export prices helped boost exports, Statistics New Zealand said on Thursday. July's trade surplus of NZ$85 million was a far cry from July 2016's NZ$3
Published 30 Aug, 2017 12:00am
Poland to allocate additional $55 billion on defence by 2032

Poland to allocate additional $55 billion on defence by 2032

Poland will allocate an additional 200 billion zlotys ($55 billion) on defence over the next 15 years to modernise its army amid signs of growing aggression from Russia, a deputy defence minister said. Russia's Zapad military exercises next month in Belar
Published 30 Aug, 2017 12:00am
Canadian retail sales cool; rate hike still expected

Canadian retail sales cool; rate hike still expected

Canadian retail sales cooled in June after three consecutive months of solid growth, but analysts said the economy's overall tone was still strong enough to warrant another interest rate hike this year. Sales edged up 0.1 percent in June from May, Statist
Published 30 Aug, 2017 12:00am
Qatar index falls after Fitch downgrade, Qalaa helps Egypt

Qatar index falls after Fitch downgrade, Qalaa helps Egypt

Qatar's stock market dropped on Tuesday after Fitch cut the country's credit rating, while most other Gulf bourses fell in thin trade but Egypt's blue-chip index gained strongly, helped by investment firm Qalaa Holdings. Fitch lowered Qatar by one notch t
Published 30 Aug, 2017 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell to a four-month low Tuesday after North Korea launched a missile over Japan that sent regional tensions soaring, with Prime Minister Shinzo Abe slamming it as an "unprecedented, serious and grave threat". The provocation was seen as a ma
Published 30 Aug, 2017 12:00am
Wall Street little changed as Harvey pummels Texas
Exchange

Wall Street little changed as Harvey pummels Texas

The S&P 500 and Dow ended little changed on Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the US energy hub in Texas, while tech and healthcare gave a light boost to the Nasdaq. Harvey, the most powerful hurricane to strike t
Published 30 Aug, 2017 12:00am
Shanghai Composite Index up, CSI300 down
Exchange

Shanghai Composite Index up, CSI300 down

China's major shares indexes moved only marginally on Tuesday as investors paused for breath after a recent rally. Investors were little fazed by North Korea's missile launch over Japan, which impacted indexes elsewhere in Asia. China's share markets are
Published 30 Aug, 2017 12:00am
Treasury yields fall

Treasury yields fall

US benchmark Treasury yields fell to two-month lows on Monday after the government saw strong demand for a five-year note auction, and as market participants waited on data that will culminate on Friday with the August employment report. Wall Street's top
Published 30 Aug, 2017 12:00am
Treasury yields fall

Treasury yields fall

US benchmark Treasury yields fell to two-month lows on Monday after the government saw strong demand for a five-year note auction, and as market participants waited on data that will culminate on Friday with the August employment report. Wall Street's top
Published 30 Aug, 2017 12:00am
Hong Kong shares down

Hong Kong shares down

Hong Kong stocks, along with those on major global markets, fell on Tuesday after North Korea fired a missile over Japan, escalating geo-political tensions. The benchmark Hang Seng index slid 0.4 percent, to 27,765.01, while the China Enterprises Index al
Published 30 Aug, 2017 12:00am
North Korea tensions, strong euro send European shares to six-month low

North Korea tensions, strong euro send European shares to six-month low

Political tensions and a surging euro sent European shares to their lowest in six months on Tuesday after a missile launch by North Korea sapped global risk appetite. The pan-European STOXX 600 ended the session down 1 percent, recovering some of the grou
Published 30 Aug, 2017 12:00am
Southeast Asian stock fall as North Korea tensions intensify

Southeast Asian stock fall as North Korea tensions intensify

Southeast Asian stock markets, except Thailand, ended lower on Tuesday as risk appetite took a hit after North Korea fired a missile that flew over Japan, sharply escalating tensions on the Korean peninsula and prompting investors to seek safer assets. Th
Published 30 Aug, 2017 12:00am
FTSE hits 16-week low after North Korea's missile launch

FTSE hits 16-week low after North Korea's missile launch

Britain's top share index dropped to a 16-week low on Tuesday as investors dumped risky assets after North Korea fired a missile over Japan. The blue chip FTSE 100 was down 0.9 percent at 7,337.43 points at its close, in line with a broader slide among Eu
Published 30 Aug, 2017 12:00am
Dollar falls to four-month low against yen in Asia

Dollar falls to four-month low against yen in Asia

The dollar hit a four-month low against the yen on Tuesday after North Korea fired a missile that passed over northern Japan, the latest act of provocation by Pyongyang that has ramped up global tensions. The dollar was down 0.4 percent at 108.81 yen, hav
Published 30 Aug, 2017 12:00am
Dollar extends gains after $1.20 break in Europe
Exchange

Dollar extends gains after $1.20 break in Europe

The euro jumped more than half a percent after breaking above a key level on Tuesday while the dollar fell to a two-year low against the Swiss franc after a North Korean missile test sapped investors' leveraged demand for risky assets. With markets graspi
Published 30 Aug, 2017 12:00am
Early trade in New York: dollar falls against yen, euro
Exchange

Early trade in New York: dollar falls against yen, euro

The dollar fell to its lowest in more than 2-1/2 years against a basket of major currencies on Tuesday after a North Korea missile launch over Japan prompted repatriation flows into the yen and added to worries about US politics. The dollar index, which m
Published 30 Aug, 2017 12:00am
Euro nears $1.20 against dollar in New York
Exchange

Euro nears $1.20 against dollar in New York

The US dollar dropped to its lowest in roughly 16 months against a basket of major currencies and a more than 2-1/2-year low against the euro on Monday, following comments from central bankers on Friday and worries over Tropical Storm Harvey. The greenbac
Published 30 Aug, 2017 12:00am
Yuan strengthens

Yuan strengthens

China's yuan strengthened against the US dollar in both onshore and offshore markets on Tuesday morning, relative to the day's guidance and Monday's local official close, aided by the greenback's broad weakness. The midday level, while more than 200 pips
Published 30 Aug, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Tuesday. 80.70-80.70 (previous 80.70-80.70).
Published 30 Aug, 2017 12:00am
Sri Lankan rupee up

Sri Lankan rupee up

The Sri Lankan rupee closed firmer on Tuesday as dollar sales by banks and exporters surpassed importer demand for the US currency, dealers said. The spot rupee ended at 152.75/82 per dollar, compared with Monday's close of 152.90/95. "There were banks an
Published 30 Aug, 2017 12:00am
Most Asian currencies slip

Most Asian currencies slip

Most emerging Asian currencies slipped on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. North Korea has conducted dozens of ballistic missile tests under young leader Kim
Published 30 Aug, 2017 12:00am
Sterling sinks against euro

Sterling sinks against euro

Britain's battered pound sank to 11-month lows against the euro on Tuesday as the single currency rose across the board, as political uncertainty elsewhere drove investors in search of relative safety. It was flat against the battered dollar at $1.2926.
Published 30 Aug, 2017 12:00am
Aussie, Kiwi falter on yen

Aussie, Kiwi falter on yen

The Australian and New Zealand dollars stumbled to multi-week lows against the Japanese yen on Tuesday, as escalating tensions over North Korea pushed investors to safe harbours. North Korea fired a missile that passed over northern Japan, the latest act
Published 30 Aug, 2017 12:00am
Villa 'on a cloud' over Spain recall

Villa 'on a cloud' over Spain recall

David Villa says he is floating on "a little cloud" after the 35-year-old's recall by Spain for the first time since the 2014 World Cup. Spain's all-time top scorer with 59 goals in 97 appearances seemed to have ruled himself out of future selection by jo
Published 30 Aug, 2017 12:00am
Southeast Asia Games: gold rush seals medals victory for Malaysia

Southeast Asia Games: gold rush seals medals victory for Malaysia

Malaysia clinched victory on the Southeast Games medals table on Tuesday as a rush of victories took the home nation to a record total - and nearly one-third of the tournament's golds. On a bumper penultimate day, with 60 gold medals up for grabs, Malaysi
Published 30 Aug, 2017 12:00am
Venus celebrates 20 years at US Open, awaits Serena return

Venus celebrates 20 years at US Open, awaits Serena return

Venus Williams celebrated her 20th anniversary at the US Open on Monday as the tournament celebrated 20 years of Arthur Ashe Stadium, where she claimed two of her seven Grand Slam titles. Williams was a 17-year-old upstart with beads in her hair when she
Published 30 Aug, 2017 12:00am
Sharapova wins Slam return, ousts Halep at US Open

Sharapova wins Slam return, ousts Halep at US Open

Former world number one Maria Sharapova made a triumphant return to Grand Slam competition Monday after a 15-month doping ban, outlasting second-ranked Simona Halep 6-4, 4-6, 6-3 at the US Open. The 30-year-old Russian, who had only one hardcourt tuneup m
Published 30 Aug, 2017 12:00am
Liverpool agree record deal to sign Keita

Liverpool agree record deal to sign Keita

Guinea international midfielder Naby Keita will join Premier League giants Liverpool next year after the English outfit agreed a reported club record deal of £48 million ($62m, 51.9m euros) with German side RB Leipzig. Liverpool will also reportedly pay a
Published 30 Aug, 2017 12:00am
Sir Richie named match referee for Independence Cup

Sir Richie named match referee for Independence Cup

The Pakistan Cricket Board (PCB) Tuesday announced that the International Cricket Council (ICC) has appointed Sir Richie Richardson as match referee for the Independence Cup to be played between the World-XI and Pakistan at the Qadhafi Stadium on Septembe
Published 30 Aug, 2017 12:00am
Brathwaite falls but Hope keeps West Indies in hunt

Brathwaite falls but Hope keeps West Indies in hunt

England removed Kraigg Brathwaite for 95 but Shai Hope was still at the crease with the West Indies pushing for a stunning win as a dramatic second Test at Headingley headed towards a thrilling conclusion. West Indies were 199 for three, needing a further
Published 30 Aug, 2017 12:00am
Stoke snap up Austrian defender Wimmer

Stoke snap up Austrian defender Wimmer

Austrian international central defender Kevin Wimmer signed for Stoke City from Premier League rivals Tottenham Hotspur on Tuesday for £18 million ($23.3 million, 19.3 million euros). The 24-year-old - who represents a good piece of business for Spurs hav
Published 30 Aug, 2017 12:00am
Warner, Lyon put Australia back on track

Warner, Lyon put Australia back on track

David Warner scored an unbeaten half-century to steady Australia as they chased a challenging victory target in the first Test against Bangladesh in Dhaka on Tuesday. Warner, who remained unbeaten on 75, scored the bulk of the runs as the visitors advance
Published 30 Aug, 2017 12:00am
Sri Lanka selectors quit amid debacles

Sri Lanka selectors quit amid debacles

Sri Lanka's cricket selectors resigned en masse Tuesday, days after fans hurled abuse and projectiles at the beleaguered national side as they suffered another humiliating thrashing on home soil. The five selectors, led by former skipper Sanath Jayasuriya
Published 30 Aug, 2017 12:00am
Better use of scarce water key to Middle East's future: World Bank

Better use of scarce water key to Middle East's future: World Bank

Political stability and economic growth in the Middle East and North Africa could hinge on better management of scarce water resources, the World Bank said in a report released Tuesday. With poor access to water and poor sanitation, the region is sufferin
Published 30 Aug, 2017 12:00am
Juncker says Turkey leaving Europe with 'giant steps'

Juncker says Turkey leaving Europe with 'giant steps'

European Commission President Jean-Claude Juncker on Tuesday said Turkey was fully to blame for the breakdown of its EU accession talks and warned Ankara was fast withdrawing from Europe. And in Berlin, German Chancellor Angela Merkel warned there could b
Published 30 Aug, 2017 12:00am
Australia state scraps place names with N-word

Australia state scraps place names with N-word

Ten place names containing the word "nigger" in northeast Australia will be renamed due to their racially offensive connotations, the Queensland state government said Tuesday. References to Niggers Bounce in northern Queensland were removed from all datab
Published 30 Aug, 2017 12:00am
Bangladesh court jails Rana Plaza owner for graft: prosecutor

Bangladesh court jails Rana Plaza owner for graft: prosecutor

A Bangladesh court Tuesday jailed the Rana Plaza owner for three years for graft, the first of many charges laid against him after the garment factory complex collapsed in 2013 and killed more than 1,130 people. Sohel Rana was given the maximum three-year
Published 30 Aug, 2017 12:00am
Macron says fighting 'Islamist terror' top foreign priority
Exchange

Macron says fighting 'Islamist terror' top foreign priority

Fighting "Islamist terrorism" is France's top foreign policy priority, President Emmanuel Macron said Tuesday, vowing to make his country a leading power in an unstable, increasingly polarised world. "Providing security for our citizens means that the fig
Published 30 Aug, 2017 12:00am
Diet guidelines biased against poor nations: study
Vegetable Oil

Diet guidelines biased against poor nations: study

Widely promoted guidelines to reduce fat intake could be unhealthy for people in low- and middle-income countries whose diets are already too starchy, researchers said Tuesday. Health authorities in Europe and North America recommend eating more fruits an
Published 30 Aug, 2017 12:00am
Third Indian train derails in 10 days

Third Indian train derails in 10 days

An express train derailed in India on Tuesday, the third accident to hit the country's ageing railways in 10 days. Rescue teams were rushed to the scene but there were no reports of casualties after the seven carriages came off the tracks near Asangaon in
Published 30 Aug, 2017 12:00am
Merkel calls for extension of EU border controls

Merkel calls for extension of EU border controls

German Chancellor Angela Merkel on Tuesday called for an extension of EU border controls in the passport-free Schengen area beyond a planned end in November. Austria, Denmark, Germany, Sweden and non-EU Norway introduced the ID checks in 2015 and have bee
Published 30 Aug, 2017 12:00am
Iran dismisses idea of military site inspections
Exchange

Iran dismisses idea of military site inspections

Iran on Tuesday dismissed as "dreams" the idea that it might allow inspections of its military sites under the Islamic republic's nuclear deal with world powers. "What has been said about inspections of our military sites, which are completely confidentia
Published 30 Aug, 2017 12:00am
UN chief in Ramallah says two-state solution cannot be abandoned

UN chief in Ramallah says two-state solution cannot be abandoned

UN Secretary General Antonio Guterres said Tuesday a two-state solution to the Israeli-Palestinian conflict remained the only viable option as he made his first visit to the West Bank since taking office. Guterres spoke after meeting Palestinian prime min
Published 30 Aug, 2017 12:00am
Suicide bomber kills five in Kabul bank blast

Suicide bomber kills five in Kabul bank blast

A suicide bomber blew himself up outside a bank in the Afghan capital Kabul Tuesday, days ahead of the Eid holidays, killing five people and injuring several others in an attack claimed by the Taliban. It was the latest in a series of deadly attacks to hi
Published 30 Aug, 2017 12:00am
Heavy rain, flooding paralyse Mumbai

Heavy rain, flooding paralyse Mumbai

Heavy rain brought India's financial capital Mumbai to a virtual standstill on Tuesday, flooding streets, causing transport chaos and prompting warnings to stay indoors. Dozens of flights and local train services were cancelled as rains lashed the coastal
Published 30 Aug, 2017 12:00am
Cotton futures move higher on fears of crop damage
Cotton

Cotton futures move higher on fears of crop damage

ICE cotton futures edged higher on Tuesday as concerns of potential crop damage due to storm Harvey lifted the prices of the natural fiber to near three-week highs. Cotton contracts for December settled up 0.15 cent, or 0.21 percent, at 69.98 cents per lb
Published 30 Aug, 2017 12:00am
Corn yields found below average in southeastern South Dakota

Corn yields found below average in southeastern South Dakota

Corn yield potential in southeastern South Dakota was below average, with soyabean pod counts also low as crops showed signs of stress in the fields, scouts on annual tour found on Monday. Crop scouts on the first day of the Farm Journal Midwest Crop Tour
Published 30 Aug, 2017 12:00am
Nickel leads most Chinese metals higher
Exchange

Nickel leads most Chinese metals higher

Chinese nickel futures led most base metals higher on Tuesday, helped by a resurgent market for steel. Nickel, chiefly used in making stainless steel, has been on a tear, rising 27 percent in price since early July on the Shanghai Futures Exchange.
Published 30 Aug, 2017 12:00am
Copper touches near three-year high
Exchange

Copper touches near three-year high

Copper rallied to its highest in three years on Tuesday as inventories in London and Shanghai fell and the dollar sank after North Korea raised geopolitical tensions by launching a missile that flew over northern Japan. Benchmark copper jumped 1.9 percent
Published 30 Aug, 2017 12:00am
Oil prices fall 1.5 percent as storm shutters more refineries

Oil prices fall 1.5 percent as storm shutters more refineries

Crude prices slipped more than 1.5 percent lower on Tuesday as the market grappled with the shutdown of more than 16 percent of refining capacity in the United States after a hurricane ripped through the heart of the country's oil industry. US gasoline fu
Published 30 Aug, 2017 12:00am
Rubber falls
Exchange

Rubber falls

Benchmark Tokyo rubber futures ended down 1.6 percent on Tuesday, with the dollar hitting a four-month low against the yen after North Korea fired a missile over northern Japan, stoking worries of fresh tension between Washington and Pyongyang. The Tokyo
Published 30 Aug, 2017 12:00am
Palm oil down on weaker edible oils
Vegetable Oil

Palm oil down on weaker edible oils

Malaysian palm oil futures fell by nearly 1 percent on Tuesday evening, hitting their lowest in a week under pressure from weakness in related edible oils as traders took profits ahead of a long holiday weekend. The benchmark palm oil contract for Novembe
Published 30 Aug, 2017 12:00am
London cocoa slips, raw sugar weakens
Exchange

London cocoa slips, raw sugar weakens

London cocoa futures rose to the highest level in almost three weeks on Tuesday before gains were eroded as a short-covering rally ran out of steam. Prices had risen early to reflect gains in New York cocoa on Monday, when London-based contracts had been
Published 30 Aug, 2017 12:00am
Gold climbs in New York

Gold climbs in New York

Gold rallied to a 9-1/2-month high on Monday, breaching $1,300 per ounce as the dollar fell and the euro rose after the head of the European Central Bank (ECB) said that the euro zone's economic recovery had taken hold at a meeting of central bankers. At
Published 30 Aug, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices rose for a third straight session on Tuesday to their highest since November as mounting geopolitical tensions over a new North Korean missile launch stoked demand for safe-haven assets and weighed heavily on the dollar and equities. Spot gold
Published 30 Aug, 2017 12:00am
Gold jumps in Europe
Exchange

Gold jumps in Europe

Gold jumped to its highest since November on Tuesday as investors bought bullion as insurance against falling prices of other assets after North Korea tested a missile over Japan. "Funds and traders are filling their boots with gold at the moment and so f
Published 30 Aug, 2017 12:00am
US MIDDAY: corn hits contract low

US MIDDAY: corn hits contract low

Chicago Board of Trade corn and wheat futures again fell to contract lows on Tuesday on technical selling linked to a bumper Russian wheat crop and the approaching US corn harvest, traders and analysts said. Prices for each commodity trimmed earlier losse
Published 30 Aug, 2017 12:00am
US MIDDAY: gold at 9-1/2-month peak
Exchange

US MIDDAY: gold at 9-1/2-month peak

Gold jumped to its highest since November on Tuesday, extending the prior day's rally above $1,300 per ounce as investors bought bullion as insurance against falling prices of other assets after North Korea tested a ballistic missile over Japan. US Presid
Published 30 Aug, 2017 12:00am
Kyrgyzstan simplifies visa process for tourists, traders

Kyrgyzstan simplifies visa process for tourists, traders

The government of Kyrgyzstan has decided to simplify the visa process for the Pakistani tourists and business travellers by launching the electronic visa process. This was stated by Ambassador of Kyrgyzstan Erik Aidarkanovich Beishembiev in Islamabad duri
Published 30 Aug, 2017 12:00am
Number of 3G, 4G users reaches 42.998 million by end-July 2017

Number of 3G, 4G users reaches 42.998 million by end-July 2017

Number of 3G and 4G users in Pakistan reached 42.998 million by end-July 2017 against 42.084 million by June 2017, said Pakistan Telecommunication Authority (PTA). The number of mobile phone users in Pakistan reached 139.781 million by end-July 2017 compa
Published 30 Aug, 2017 12:00am
Basit urges government to remove Aizaz from ambassadorial post

Basit urges government to remove Aizaz from ambassadorial post

Pakistan's former High Commissioner to New Delhi, Abdul Basit, through an alleged letter, has criticized Pakistan Ambassador to United States Aizaz Ahmad Chaudhry as the "worst foreign secretary ever" and also sought his immediate removal from his current
Published 30 Aug, 2017 12:00am
Wajid Zia records statement with NAB Pindi

Wajid Zia records statement with NAB Pindi

National Accountability Bureau's (NAB) combined investigation team (CIT) on Tuesday recorded statement of Wajid Zia, head of Joint Investigation Team (JIT) that probed the Panama Papers case against former Prime Minister Muhammad Nawaz Sharif. An official
Published 30 Aug, 2017 12:00am
NCHD employees: Parliamentary panel for early clearance of arrears

NCHD employees: Parliamentary panel for early clearance of arrears

A parliamentary panel Tuesday expressed displeasure over Ministry of Finance for continuous delay in resolving the problems of hundreds of protesting employees of National Commission for Human Development (NCHD) who are demanding the outstanding arrears a
Published 30 Aug, 2017 12:00am
Nimir Industrial Chemicals Limited
Mutual Funds

Nimir Industrial Chemicals Limited

An oleo chemicals and chlor-alkali manufacturing company, Nimir Industrial Chemicals Limited (NICL) produces stearic acid, soap noodles, glycerin, caustic soda, sodium hypochlorite, and hydrochloric acid.
Published 30 Aug, 2017 12:00am
Nimir Industrial Chemicals Limited
Mutual Funds

Nimir Industrial Chemicals Limited

An oleo chemicals and chlor-alkali manufacturing company, Nimir Industrial Chemicals Limited (NICL) produces stearic acid, soap noodles, glycerin, caustic soda, sodium hypochlorite, and hydrochloric acid.
Published 30 Aug, 2017 12:00am
BASF unfolds range of solutions for quality poultry feed

BASF unfolds range of solutions for quality poultry feed

BASF presented a broad range of animal nutrition products and solutions to help the poultry industry innovate and produce the best quality feed, at the International Poultry Expo 2017 in Lahore, Pakistan. As the first company to market a phytase for feed
Published 30 Aug, 2017 12:00am
JS Bank partners with Paysys Labs to launch Instascan

JS Bank partners with Paysys Labs to launch Instascan

JS Bank signed an agreement with Paysys Labs to launch the first ever mobile based biometric solution in Pakistan, Instasca. The signing ceremony between JS Bank &Paysys Labs was attended by Imran Soomro, Chief Information Officer, JS Bank, Khurram Shaikh
Published 30 Aug, 2017 12:00am
Surge in diseases attributed to livestock movement and rainfall

Surge in diseases attributed to livestock movement and rainfall

Significant movement of livestock to cities during Eid-ul-Azha coupled with persistent rainfall is exposing new areas of the country to dangerous vector-borne diseases like Congo-Crimean hemorrhagic fever (CCHF) and chikungunya. Health researchers and inf
Published 30 Aug, 2017 12:00am
NBP president undertakes major e-credit facility reforms for farmers

NBP president undertakes major e-credit facility reforms for farmers

Finance Minister of Punjab Dr Aisha Ghaus Pasha and Muhammad Naeem Akhtar Khan Bhabha, Agriculture Minister Government of Punjab had a meeting with Saeed Ahmad, the President of National Bank of Pakistan to discuss the close cooperation between Government
Published 30 Aug, 2017 12:00am
Lesco's drive against power-theft

Lesco's drive against power-theft

The Lahore Electric Supply Company (LESCO) launched a grand operation against people involved in power theft and issued Rs 1.2 million detection bills to the responsible ones. The LESCO sources said the Company launched the operation in the area of Sadar
Published 30 Aug, 2017 12:00am
Promotions in FBR

Promotions in FBR

The Federal Board of Revenue (FBR) has promoted three BS-19 officers of Inland Revenue Service to BS-20 from June 2, 2015 following the judgment of Supreme Court of Pakistan. According to a notification issued here on Tuesday, in compliance of Judgment of
Published 30 Aug, 2017 12:00am
Justice Khosa undergoes angioplasty at PIC

Justice Khosa undergoes angioplasty at PIC

Justice Asif Saeed Khan Khosa on Tuesday underwent angioplasty at Punjab Institute of Cardiology (PIC) after feeling pain in his chest and difficulty in breathing. A team of doctors headed by PIC Chief Executive Officer Professor Nadeem Hayat Malik conduc
Published 30 Aug, 2017 12:00am
Six terror suspects held, arms recovered: army

Six terror suspects held, arms recovered: army

Security forces have arrested six terror suspects and seized arms during search operations in two tribal regions, the military said on Tuesday. The army said that the security forces on Tuesday carried out search operations in parts of Mohmand tribal agen
Published 30 Aug, 2017 12:00am
ICCI delegation visits POF
Exchange

ICCI delegation visits POF

A delegation headed by Senior Vice President Khalid Malik from Islamabad Chamber of Commerce and Industry visited POF on the invitation of Wah Industries Ltd. The delegation visited commercial units of POF including Wah Brass Mill, Material Testing Lab, S
Published 30 Aug, 2017 12:00am
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