Crude prices rose 1 percent on Monday as Iraqi forces entered the oil-rich city of Kirkuk, seizing territory from Kurdish fighters and briefly cutting some crude output from Opec's second-largest producer. "We're seeing increased geopolitical tension in t
Copper prices broke through the $7,000 a tonne mark for the first time in three years on Monday as a number of pieces of economic data, including from top consumer China, fuelled optimism about demand. Copper jumped 3.7 percent to $7,134 per tonne on the
Shanghai Futures Exchange copper rallied 3.1 percent to 55,090 yuan ($8,364) a tonne on Monday, the highest since February 2013. The metal rises after improving manufacturing profits in China that pointed to robust growth in the world's top user of metals
Malaysian palm oil futures extended gains on Monday evening, recording a fourth straight day of wins tracking higher crude oil prices and stronger export data from cargo surveyors. The benchmark palm oil contract price for January delivery on the Bursa Ma
EU nations closed ranks in support of the Iran nuclear deal Monday, warning that US President Donald Trump's threats to tear it up jeopardised efforts to find a peaceful solution to the nuclear standoff with North Korea. EU foreign ministers meeting in Lu
The Turkish government on Monday backed a fifth extension of the state of emergency imposed after last year's failed coup, which critics claim is being used to target opponents of President Recep Tayyip Erdogan. The emergency was extended by another three
The head of the Islamic State group in Southeast Asia, who figures on the US "most wanted terrorists" list, has been killed in the battle to reclaim a militant-held Philippines city, the country's defence minister said Monday. Isnilon Hapilon's death came
The US military said Monday it is ready to boost its support for the Somali government after at least 276 people were killed in a massive truck bomb in Mogadishu. "We will be prepared to support the government of Somalia when they ask," a Pentagon spokesp
The European Union blacklisted the North Korean army on Monday as part of fresh sanctions aimed at punishing the pariah regime for its nuclear and ballistic weapons programmes. Foreign ministers meeting in Luxembourg signed off a new package of measures i
The United States and South Korea on Monday launched a joint naval exercise in a fresh show of force against North Korea over its growing missile and nuclear threats. Tensions over the North's weapons programmes have soared in recent months, with Pyongyan
Israel on Monday approved permits for 31 settler homes in Hebron, the first such green light for the flashpoint West Bank city since 2002 and part of a major increase in settlement activity, an NGO said. An Israeli committee approved construction permits
Hillary Clinton on Monday accused WikiLeaks of working with Russia to deflect attention from an infamous tape of Donald Trump bragging about groping women in the run-up to last year's US presidential election. The former secretary of state's loss to Trump
At least 31 people have died in fires ravaging forests in northern and central Portugal over the past 24 hours, rescuers said Monday afternoon, after three people were killed in Spain in blazes sparked by arsonists and fanned by Hurricane Ophelia. In Port
President Nicolas Maduro has claimed a landslide victory in closely watched regional elections in Venezuela, based on official results that the opposition immediately rejected. Maduro's socialist party won governorships in 17 of the 23 states, with the op
English police have called again for two men who they believe are key witnesses to the incident that has placed talismanic England all-rounder Ben Stokes's place on the Ashes tour in jeopardy to come forward. The police had already appealed a fortnight ag
Indonesian football was in mourning on Monday after celebrated goalkeeper Choirul Huda died following an on-pitch collision with a team-mate. Huda, 38, a long-time regular for his hometown club Persela in East Java, collapsed just before half-time after S
Third edition of the Inspector General of Police Inter-Academy Cricket Tournament will begin here at Arbab Niaz Cricket Stadium on October 21, 2017. Talking to media former first class cricketer Hashmat Shah here Monday said that for the smooth conduct of
HBL-Pakistan Super League (PSL) is all set to become bigger and better with more international stars signing up to take part in the Player Draft for season three. This year's HBL-PSL player draft will see teams vying for top tier international talent incl
Representing Pakistan in World Beach Wrestling Championship, Water and Power Development Authority (Wapda) wrestlers showed exceptional performance by winning two gold medals for the country. In the championship, held in Dalyan, Turkey from October 13 to
The University of Agriculture Faisalabad sport gala arranged by Faculty of Sciences concluded on Monday. The concluding session was chaired by UAF Vice Chancellor Prof Dr Muhammad Iqbal Zafar while Dean Faculty of Sciences Dr Muhammad Asghar was the guest
Israel on Monday denounced a decision by the organisers of a major judo tournament in Abu Dhabi preventing its team from wearing national emblems and the playing of their national anthem. Organisers demanded that the 12 Israeli judokas participating in th
The Australian and New Zealand dollars trod water on Monday with investors content to consolidate recent gains, while more upbeat economic news from trading partner China underpinned sentiment toward the commodity-heavy currencies. The Aussie dollar was a
The pound steadied on Monday, falling back from a four-week high against the euro as bets that upbeat data this week would put the Bank of England on track for a rate rise by year-end were offset by concerns over Britain's exit from the European Union. Pr
Indonesia's central bank said on Monday it will allow transaction settlement for bilateral trade between Indonesia, Malaysia and Thailand to be conducted in local currencies. The new regulation is aimed at reducing dependency on the US dollar and limiting
Most Asian currencies ticked up against the dollar on Monday, which softened after disappointing US inflation data on Friday undercut the greenback. The dollar index was little changed, lacking momentum after having posted its first weekly fall last week
The Sri Lankan rupee gained for a second straight session on Monday as exporter dollar sales surpassed greenback buying amid low demand from oil importers, dealers said. Dealers said the rupee was under pressure last week due to dollar demand from state-r
The dollar hit intraday highs on Monday after an US index of business conditions rose to a three-year high, though it held within broad ranges as investors looked towards a Federal Reserve meeting at the end of the month. With very little in the way of to
The US dollar was slightly stronger on Monday as investors repositioned after disappointing inflation data on Friday sent the greenback to its lowest levels in more than two weeks. Consumer price data on Friday showed still benign inflation, disappointing
The euro was on the defensive early on Monday after Austria's election and on concerns over Catalonia's confrontation with Madrid, though the dollar also lacked momentum after soft US inflation data. The euro fell as much as 0.25 percent in early trade an
China's yuan inched up marginally against the US dollar on Monday, guided by a slightly stronger central bank fixing and as investors remained cautious ahead of a key leadership meeting and economic data this week. With the National Congress of the Commun
Medical device firm ConvaTec was bruised after a profit warning on Monday, but mining companies stemmed broader losses on the FTSE share index. Britain's FTSE 100 ended the session down 0.1 percent, with basic resource stocks adding the most points to the
Australian shares climbed on Monday, to finish at their highest in five months, on the back of strong base metal prices that led material stocks higher. The S&P/ASX 200 index closed 0.6 percent higher or 32.646 points at 5,846.8, its highest since May 16.
Spanish stocks lagged behind a broadly flat European market on Monday as the Catalonia crisis and a profit warning from renewables energy firm Siemens Gamesa weighed. Spain's country index IBEX fell 0.7 percent while the pan-European STOXX 600 benchmark a
Southeast Asian stock markets broadly ended higher on Monday, with Singapore hitting an over two-month high, reflecting strength in global equities after upbeat Chinese data. Asian shares rallied to a decade-high after figures showed China's producer pric
Indian shares hit record closing highs on Monday as investors were encouraged by recent economic data which showed the country's merchandise exports surged in September, pushing the trade deficit to a seven-month low. The broader NSE index ended 0.62 perc
China's major share indexes fell on Monday as a surprisingly strong central bank economic growth projection failed to spur buying while tech stocks slumped after disappointing profit forecasts. Central bank governor Zhou Xiaochuan said the economy was exp
Hong Kong stocks rose to near 10-year highs on Monday, joining a rally in Asian markets and boosted by a surprisingly rosy growth forecast for the world's second-biggest economy. The Hang Seng index rose 0.8 percent, to 28,692.80, while the China Enterpri
Most bond yields across the euro zone fell to their lowest in around a month on Monday, pushed down by growing expectations that the ECB is moving towards extending its asset-buying scheme at a lower volume. The broad rally in euro zone bond prices, which
Most bond yields across the euro zone fell to their lowest in around a month on Monday, pushed down by growing expectations that the ECB is moving towards extending its asset-buying scheme at a lower volume. The broad rally in euro zone bond prices, which
A recovery for US banking stocks allied to a 1.5 percent gain for Apple prodded Wall Street's main indexes higher in early afternoon trading on Monday. JPMorgan and Bank of America shares led the advancers on the S&P financial, both rising 1.5 percent as
Tokyo's benchmark stock index hit another fresh 21-year high Monday, rising for the 10th consecutive session, buoyed by upbeat Japanese corporate earnings. The Nikkei 225 rose 0.47 percent, or 100.38 points, to close at 21,255.56, the highest level since
Sri Lankan shares snapped a winning streak to end lower on Monday, slipping from their highest close in more than 10 weeks hit in the previous session, with investors booking profits in financials, brokers said. The Colombo stock index ended 0.55 percent
Saudi Arabia's stock market rebounded on Monday as higher oil prices boosted petrochemical shares while banks rose in response to Alinma Bank's better-than-expected earnings. The main Saudi index gained 0.6 percent as tensions between Baghdad and Iraqi Ku
The leaders of the world's top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects of the crisis, evolving technology and a combustible politic
Nearly 200 organisations and individuals from around the world urged the International Labour Organization Monday to stop taking money from tobacco companies and to sever all ties with the industry. In a letter addressed to ILO's governing body members, a
Mercedes-Benz is recalling 400,000 UK cars owing to a fault that may deploy an airbag by error, the company said on Monday. A statement issued by the carmaker owned by German giant Daimler said the situation was not related to the airbags crisis at Japane
A Russian court on Monday fined the popular Telegram messenger app for failing to provide the country's security services with encryption keys to read users' messaging data. A Moscow court imposed an 800,000-ruble fine (about $14,000/12,000 euros) over Te
UK authorities on Monday said they had completed a programme to fly back to Britain tens of thousands of passengers stranded following the collapse of Monarch Airlines a fortnight ago. "This has been a phenomenal challenge and one that has required the co
New European Central Bank rules on impaired debts could hit Italian banks hard and lead them to cut lending to companies, credit rating agency Standard & Poor's said on Monday. The ECB has faced criticism for proposals that would force euro zone's banks t
Government spending in China, which rose rapidly early in 2017, increased at the slowest pace in 11 months in September, a possible sign that economic growth could ease slightly towards the end of the year. The Ministry of Finance on Monday said governmen
A landmark skyscraper owned by Hong Kong's richest man Li Ka-shing has sold for a record of more than $5 billion, according to a report said Monday, indicating that the city's booming property sector shows no sign of slowing down. Li's CK Asset sold its 7
Tunisia will raise VAT and other taxes and lay off about 3,000 public sector workers next year in a bid to cut the budget deficit, an economic adviser to the prime minister said on Monday. Tunisia will also seek to raise 7.4 billion Tunisian dinars ($3 bi
Eurozone's trade surplus shrank in August as the stronger euro fuelled an import boom that was only partly offset by a rise in exports, official estimates released on Monday showed. Although the euro has depreciated against the dollar from a 2017 peak in
Police on Monday raided the Zagreb home of the owner of ailing Balkans retail giant Agrokor after a months-long probe into possible criminal reasons behind the firm's financial woes, HRT television reported. As well as raiding the home of Ivica Todoric, w
Sustained purchasing of lint failed to dent rates on the cotton market on Monday in the process of trading, dealers said. The official spot rate was inert at Rs 6100, they said. In the ready session, around 30,000 bales of cotton changed hands between Rs
European Union farmers are expected to sow more wheat and barley for next year's harvest, helping push up the total cereal area, but maize could lose ground, Strategie Grains analysts said. In its first area projections for the 2018 harvest, France-based
Chinese steel futures surged nearly 7 percent on Friday, lifted by growing efforts among Chinese cities to curb output ahead of winter, spurring a similar rally in raw materials iron ore and coking coal. Coking coal climbed as much as 8 percent to hit its
Chicago Board of Trade wheat futures closed higher on Friday on technical buying, including short-covering a day after the December contract hit six-week low, traders said. CBOT December wheat settled up 9 cents at $4.39-1/2 per bushel. However, for the w
Chicago Board of Trade corn futures ended higher on Thursday, buoyed by a surge in soyabeans after the front two corn contracts fell to life-of-contract lows, traders said. CBOT December corn settled up 3 cents at $3.49 a bushel after hitting a contract l
Cash basis bids for hard red winter (HRW) wheat on Friday in the southern US Plains did not budge, a day after increased demand from millers sent protein premiums higher, grain merchants said. Protein premiums for ordinary wheat to 12.80 percent protein,
Brazil exported an "unexpectedly low" volume of coffee in September, recording a 24 percent decline year-on-year, exporters association Cecaff said on Tuesday, as farmers hold out for higher prices. The world's largest coffee producer shipped 2.04 million
Heavy rains continued last week in most of top grower Ivory Coast's main cocoa regions but increased sunny spells are expected to boost the nascent main crop, farmers said on Monday. The 2017/18 season officially started on October 1, with a government gu
The Karachi Port handled 298,071 tonnes of cargo comprising 229,700 tonnes of import cargo and 68,371 tonnes of export cargo including NA loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 229,70
China on Thursday increased the forecast for its deficit in corn supply in the 2017/18 crop year to 4.31 million tonnes from the 890,000 tonnes predicted last month, stoked by lower-than expected output and higher anticipated demand. Corn output is expect
Spot basis bids for soyabeans and corn at processors, elevators and river markets in the US Midwest on Friday were primarily steady to higher, grain merchants said. Rain in parts of the Midwest slowed corn and soyabean harvest efforts, making less grain a
European wheat futures in Paris ended slightly firmer on Friday, but remained near a one-month low in a subdued session, with many traders absent from the market attending a large grain industry meeting in Brussels. Strength in Chicago wheat futures added
ICE Canadian canola futures closed higher on Friday, taking a lead from US soyabean futures that notched a 2-1/2-month high, traders said. A second straight day of active farmer selling pushed canola futures off their session highs. November canola settle
Basis bids for soyabeans shipped by barge to the US Gulf Coast edged higher on Friday, supported by good demand, while corn and wheat bids held mostly steady, traders said. Barge shipping remained disrupted at lock 52 on the lower Ohio River as the lock w
A one-cent gain in US natural gas futures on Friday was enough to push the front-month to its highest close since late September. Traders noted prices were up earlier in the day on forecasts for colder weather this winter than in the past two years but pu
Chicago Board of Trade soyabean futures closed higher Friday on follow-through buying a day after the US Department of Agriculture lowered its estimates of the US 2017 soyabean yield and 2017-18 soya ending stocks, traders said. CBOT November soyabeans se
On Fridayat Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,032. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.841billion and the number of lots traded was 9,080.
Shaheed Hakim Mohammed Said, former Governor of Sindh, a renowned Hakim (physician) of international repute, Chancellor of Hamdard University, President Hamdard Foundation Pakistan and Chairman Hamdard Laboratories (Waqf) Pakistan was a distinguished scho
Hakim Mohammad Said became a legend in his own lifetime. With his incredible vision, commitment, discipline and talents he turned his enterprise Hamdard, initially an Unani pharmaceutical company, into a massive organization which distinguished itself in
When an acorn fell on Chicken Little's head, the ruckus she raised convinced a crowd of spectators of imminent disaster. Similarly, many writers are describing current economic scenario of Pakistan as one of skyrocketing debt, nosediving exports, leading
When an acorn fell on Chicken Little's head, the ruckus she raised convinced a crowd of spectators of imminent disaster. Similarly, many writers are describing current economic scenario of Pakistan as one of skyrocketing debt, nosediving exports, leading
When an acorn fell on Chicken Little''s head, the ruckus she raised convinced a crowd of spectators of imminent disaster. Similarly, many writers are describing current economic scenario of Pakistan as one of skyrocketing debt, nosediving exports, leading
When an acorn fell on Chicken Little''''s head, the ruckus she raised convinced a crowd of spectators of imminent disaster. Similarly, many writers are describing current economic scenario of Pakistan as one of skyrocketing debt, nosediving exports, leadi
European Union (EU) and Pakistan have agreed to continue cooperation on disarmament and non-proliferation as well as counter-terrorism and will hold dialogue next month (November) in Islamabad. The 8th meeting of the EU-Pakistan Joint Commission and its s
European Union (EU) and Pakistan have agreed to continue cooperation on disarmament and non-proliferation as well as counter-terrorism and will hold dialogue next month (November) in Islamabad. The 8th meeting of the EU-Pakistan Joint Commission and its s
European Union (EU) and Pakistan have agreed to continue cooperation on disarmament and non-proliferation as well as counter-terrorism and will hold dialogue next month (November) in Islamabad. The 8th meeting of the EU-Pakistan Joint Commission and its s
Finance Minister Muhammad Ishaq Dar's counsel and National Accountability Bureau (NAB) special prosecutor Monday exchanged harsh words when the former accused the NAB witness of lying during the cross-examination in the fifth hearing of the graft case aga
Chinese experts and investors would hold a meeting with provincial governments today (Tuesday) to look out for new trade avenues and explore investment opportunities in special economic zones (SEZs) in all four provinces of the country. According to the s