AIRLINK 173.68 Decreased By ▼ -2.21 (-1.26%)
BOP 10.82 Decreased By ▼ -0.16 (-1.46%)
CNERGY 8.26 Increased By ▲ 0.26 (3.25%)
FCCL 46.41 Increased By ▲ 0.29 (0.63%)
FFL 16.14 Increased By ▲ 0.07 (0.44%)
FLYNG 27.80 Increased By ▲ 0.38 (1.39%)
HUBC 146.32 Increased By ▲ 2.36 (1.64%)
HUMNL 13.40 Increased By ▲ 0.05 (0.37%)
KEL 4.39 Decreased By ▼ -0.11 (-2.44%)
KOSM 5.93 Decreased By ▼ -0.05 (-0.84%)
MLCF 59.66 Increased By ▲ 0.16 (0.27%)
OGDC 232.73 Decreased By ▼ -0.02 (-0.01%)
PACE 5.80 Decreased By ▼ -0.08 (-1.36%)
PAEL 47.98 Increased By ▲ 0.50 (1.05%)
PIAHCLA 17.75 Decreased By ▼ -0.22 (-1.22%)
PIBTL 10.40 Decreased By ▼ -0.18 (-1.7%)
POWER 11.32 Decreased By ▼ -0.06 (-0.53%)
PPL 191.48 Decreased By ▼ -1.82 (-0.94%)
PRL 36.83 Decreased By ▼ -0.17 (-0.46%)
PTC 23.20 Decreased By ▼ -0.57 (-2.4%)
SEARL 98.76 Decreased By ▼ -1.11 (-1.11%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.62 Decreased By ▼ -0.57 (-1.53%)
SYM 14.70 Decreased By ▼ -0.25 (-1.67%)
TELE 7.73 Decreased By ▼ -0.02 (-0.26%)
TPLP 10.75 Decreased By ▼ -0.12 (-1.1%)
TRG 66.01 Increased By ▲ 0.87 (1.34%)
WAVESAPP 10.82 Decreased By ▼ -0.09 (-0.82%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
YOUW 3.79 Decreased By ▼ -0.02 (-0.52%)
Apr 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-23
Asian naphtha cracks extend losses for second day

Asian naphtha cracks extend losses for second day

Asia's naphtha cracks extended losses for the second day on Tuesday to reach a four-session low of $69.10 a tonne but spot prices in South Korea have flipped to premiums after they turned negative recently. South Korea's Hanwha Total and YNCC were seeking
Published 23 Feb, 2018 12:00am
Workers' rights: Punjab CM urged to implement WPPF-related law

Workers' rights: Punjab CM urged to implement WPPF-related law

Pakistan Chemical Manufacturers Association (PCMA) has urged the Chief Minister Punjab Mian Muhammad Shahbaz Sharif to take immediate action on implementation of a provincial law regarding Workers Profit Participation Fund (WPPF) for the welfare of the po
Published 23 Feb, 2018 12:00am
'ABL committed to long-term promotion of Islamic banking'

'ABL committed to long-term promotion of Islamic banking'

"Allied Bank Limited (ABL) has established more than 77 branches in 34 major cities to carter to the need of the consumers considering the Riba Free Islamic banking," said Mian Muhammad Idrees, Chief Islamic Banking Group of the Allied Bank. Addressing a
Published 23 Feb, 2018 12:00am
Book Fair held at LUMS

Book Fair held at LUMS

The Lahore University of Management Sciences (LUMS) Gad and Birgit Rausing Library organised its Annual Book Fair 2018 on Wednesday, February 21, 2018. The Fair was held to help nurture and build a love for reading amongst students by providing them with
Published 23 Feb, 2018 12:00am
Iran sticking to nuclear deal: UN

Iran sticking to nuclear deal: UN

Iran is still sticking to the 2015 nuclear accord, a UN atomic watchdog report showed Thursday, four months ahead of US President Donald Trump's deadline to fix its "disastrous flaws". The International Atomic Energy Agency document, the ninth since the d
Published 23 Feb, 2018 12:00am
HRW urges Kuwait to agree new worker safeguards with Manila

HRW urges Kuwait to agree new worker safeguards with Manila

Human Rights Watch called on Kuwait to agree to greater protection for migrant workers as a Philippine delegation was due in the emirate Thursday to discuss an outcry over alleged abuses of Filipinos. But the New York-based watchdog also criticised a ban
Published 23 Feb, 2018 12:00am
British couple kidnapped in South Africa

British couple kidnapped in South Africa

An elderly British couple have been kidnapped in South Africa, police said Thursday, amid reports they were abducted by extremists suspected to have links to the Islamic State group. The British foreign office confirmed that a pair of Britons had been kid
Published 23 Feb, 2018 12:00am
Palestinian protesters egg US politicians visiting Ramallah

Palestinian protesters egg US politicians visiting Ramallah

Palestinians threw eggs at a delegation including New York City Council members visiting the occupied West Bank Thursday, AFP reporters said, amid anger over US President Donald Trump's recognition of Jerusalem as Israel's capital. Several members of the
Published 23 Feb, 2018 12:00am
Space-X lobs Spanish military satellite into orbit

Space-X lobs Spanish military satellite into orbit

Elon Musk's Space-X sent a Spanish military satellite into orbit Thursday in a hitch-less liftoff from California, extending the private space company's record of successful launches. Space-X, which proved the utility of its massive Falcon Heavy rocket ea
Published 23 Feb, 2018 12:00am
Five-day assault on Syria enclave kills more than 400

Five-day assault on Syria enclave kills more than 400

Fresh bombardment on Eastern Ghouta killed dozens Thursday, bringing the number of dead civilians in a five-day assault by the Syriann government to more than 400 Mounting calls for a humanitarian truce in one of the bloodiest episodes of Syria's seven-ye
Published 23 Feb, 2018 12:00am
Russia says 'no agreement' at UN on Syria ceasefire

Russia says 'no agreement' at UN on Syria ceasefire

Russia on Thursday said there was no agreement at the UN Security Council on a 30-day ceasefire for Syria and presented amendments to a draft resolution that would allow aid deliveries and the evacuation of civilians from besieged Eastern Ghouta. The Secu
Published 23 Feb, 2018 12:00am
Trump doubles down on call to arm school teachers
Exchange

Trump doubles down on call to arm school teachers

President Donald Trump declared "gun free" schools a "magnet" for mass shooters Thursday, as he doubled down on a deeply controversial proposal to arm teachers in US schools. In a morning tweetstorm, Trump forcefully defended the proposal he floated a day
Published 23 Feb, 2018 12:00am
Canada rescinds invitation to Sikh militant to dine with Trudeau

Canada rescinds invitation to Sikh militant to dine with Trudeau

Canadian Prime Minister Justin Trudeau admitted Thursday that a convicted Sikh extremist had been invited to dine with him in New Delhi, just the latest controversy to dog his visit to India. Trudeau said the invitation to Jaspal Atwal - who was found gui
Published 23 Feb, 2018 12:00am
Suicide bomber throws grenade into US embassy compound in Montenegro

Suicide bomber throws grenade into US embassy compound in Montenegro

A Serbian-born suicide bomber blew himself up after throwing a grenade into the US embassy compound in Podgorica, causing no injuries, the Montenegrin government said Thursday. Authorities in Podgorica have released no theories as to the motive for the ea
Published 23 Feb, 2018 12:00am
Indian surgeons remove 'heaviest recorded' brain tumour

Indian surgeons remove 'heaviest recorded' brain tumour

Indian surgeons who removed a massive brain tumour in a marathon seven-hour procedure said Thursday it could be the heaviest ever recorded. Santlal Pal, a 31-year-old shopkeeper, had been carrying around a tumour weighing nearly two kilos before the surge
Published 23 Feb, 2018 12:00am
USA end 20-year hockey drought, Russian curler admits doping

USA end 20-year hockey drought, Russian curler admits doping

America's women broke an ice hockey gold medal drought stretching back 20 years on Thursday as a Russian curler admitted doping and was stripped of bronze at the Pyeongchang Winter Olympics. American skier Mikaela Shiffrin was denied gold in the women's c
Published 23 Feb, 2018 12:00am
Koreans suffer short track misery, Hungary make history

Koreans suffer short track misery, Hungary make history

Teenage star Choi Min-jeong crashed out on a miserable night for South Korea's short track speed skaters on Thursday, as Hungary made history with their first Winter Olympics gold. The hosts, a superpower in the sport, had high hopes in all three races at
Published 23 Feb, 2018 12:00am
Malaysian goalkeeping legend Chow dies

Malaysian goalkeeping legend Chow dies

Malaysian football legend Chow Chee Keong, named as Asia's best goalkeeper from 1966 to 1970, died after a struggle with bladder cancer, reports said Thursday. He was 69. Named the "Asian Steel Gate" for his unwavering goal defence, Chow played for severa
Published 23 Feb, 2018 12:00am
Qatar to plant 16,000 trees to spruce up World Cup venues

Qatar to plant 16,000 trees to spruce up World Cup venues

Desert country Qatar will plant at least 16,000 trees in a bid to "beautify" its eight planned 2022 World Cup stadiums, tournament organisers said on Thursday. The trees, a mixture of local specimens and other varieties imported from China, Spain and Thai
Published 23 Feb, 2018 12:00am
Australian sprinter Peris fails doping test

Australian sprinter Peris fails doping test

Australian sprinter Jessica Peris, the daughter of Olympic gold medallist Nova Peris, has tested positive to a banned substance, drug agency ASADA said Thursday, rocking her Commonwealth Games hopes. Peris, who shot into contention for the Games in April
Published 23 Feb, 2018 12:00am
POA unveils logo of fourth Inter-Provincial Games

POA unveils logo of fourth Inter-Provincial Games

Secretary Pakistan Olympic Association Khalid Mehmood Thursday unveiled the logo of the 4th Inter-Provincial Games to be organized under the supervision of Pakistan Olympic Association with the collaboration of Directorate General Sports KP and KP Olympic
Published 23 Feb, 2018 12:00am
PPL Balochistan Football Cup enters into sixth day

PPL Balochistan Football Cup enters into sixth day

The fifth day of the Pakistan Petroleum Limited (PPL) Balochistan Football Cup 2018 was full of intense matches across the six divisions of Balochistan. Football enthusiasts were treated at the Khair Jan Mama Stadium in Naseerabad as Kacchi (Bolan) and Jh
Published 23 Feb, 2018 12:00am
Panama firm pleads guilty in FIFA corruption scandal

Panama firm pleads guilty in FIFA corruption scandal

A Panamanian company importing and exporting football outfits pleaded guilty on Wednesday in New York to bribing the former president of Costa Rica's football federation in another case in the expanding FIFA corruption scandal.
Published 23 Feb, 2018 12:00am
Svitolina to meet Kerber in Dubai semi-finals
Kerb

Svitolina to meet Kerber in Dubai semi-finals

Angelique Kerber and Elina Svitolina will face off in a Dubai Championships semi-final on Friday after both ran down opponents in quick straight-sets wins. Holder and top seed Svitolina defeated Japan's Naomi Osaka 6-2, 6-4 on Thursday while German sixth
Published 23 Feb, 2018 12:00am
British Gymnastics sacks head of men's national team

British Gymnastics sacks head of men's national team

British Gymnastics announced Thursday it had dismissed Eddie van Hoof as head coach of the men's national team, citing "irreconcilable differences". Van Hoof led the men's team to five medals at the 2016 Rio Olympics, including two golds for Max Whitlock,
Published 23 Feb, 2018 12:00am
Scans to decide Lynn's IPL playing hopes

Scans to decide Lynn's IPL playing hopes

Scans this week will decide if explosive batsman Chris Lynn can take up his lucrative Indian Premier League contract after he was injured in Australia's Twenty20 tri-series win over New Zealand. Lynn dislocated his right shoulder while fielding in Austral
Published 23 Feb, 2018 12:00am
US jobless claims near 45-year low as economic outlook brightens

US jobless claims near 45-year low as economic outlook brightens

The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job growth in February and solid momentum in the economy. The economy's brightening prospects were also underscored by other data on Thursday
Published 23 Feb, 2018 12:00am
US tax reform, litigation costs push Barclays into red
Libor

US tax reform, litigation costs push Barclays into red

Barclays fell into the red last year on the sale of its African business, litigation costs and one-off impact from the US tax reforms, the British banking giant said Thursday. The bank posted a net loss of £1.92 billion ($2.7 billion, 2.2 billion euros) i
Published 23 Feb, 2018 12:00am
BAE profits fall

BAE profits fall

BAE Systems, the British maker of military equipment, announced a drop in annual net profit on Thursday but said it expected government defence spending to remain a priority. Profit after tax dropped 6.5 percent to £854 million ($1.19 billion, 967 million
Published 23 Feb, 2018 12:00am
BAE profits fall

BAE profits fall

BAE Systems, the British maker of military equipment, announced a drop in annual net profit on Thursday but said it expected government defence spending to remain a priority. Profit after tax dropped 6.5 percent to £854 million ($1.19 billion, 967 million
Published 23 Feb, 2018 12:00am
ECB boosts profit in 2017 as government debt stock soars
Currency

ECB boosts profit in 2017 as government debt stock soars

The European Central Bank said Thursday it had again increased its profit in 2017, as interest on its massive bond holdings and dollar reserves flowed into its bottom line. Net profit at the ECB rose around 8.0 percent year-on-year, to 1.28 billion euros,
Published 23 Feb, 2018 12:00am
ECB chief hits elusive inflation target in own pay packet
Currency

ECB chief hits elusive inflation target in own pay packet

As European Central Bank President Mario Draghi battles to bring inflation towards 2.0 percent, the institution's annual report showed Thursday his target was met in at least one place last year - his pay packet. Draghi's salary increased to 396,000 euros
Published 23 Feb, 2018 12:00am
Air France pilots and stewards strike for pay rise

Air France pilots and stewards strike for pay rise

Half of Air France's long-haul flights out of Paris were cancelled Thursday due to a strike over pay by pilots, cabin crew and ground staff. "No cash, no planes," staff chanted as they marched noisily through Terminal 2 of Charles de Gaulle airport, weari
Published 23 Feb, 2018 12:00am
Chad and Glencore agree to restructure $1 billion oil loan

Chad and Glencore agree to restructure $1 billion oil loan

Chad announced Wednesday it had struck a deal with Swiss mining giant Glencore to restructure debt of more than $1 billion from a cash-for-crude-oil loan. The poverty-stricken west African nation's state oil company loaned nearly $1.45 billion (1.18 billi
Published 23 Feb, 2018 12:00am
UK economy grows less than expected on Brexit unease

UK economy grows less than expected on Brexit unease

Britain's economy expanded last year less than first thought, official data revealed on Thursday, adding to concerns that Brexit uncertainty was impacting growth. Gross domestic product growth stood at 1.7 percent in 2017, the Office for National Statisti
Published 23 Feb, 2018 12:00am
Dell CEO buyer of record $100 million NY home

Dell CEO buyer of record $100 million NY home

Texas-born billionaire Michael Dell has been revealed as the buyer of a $100 million Manhattan penthouse that holds the record for most expensive home purchased in New York, The Wall Street Journal reported Thursday. The Dell Technologies founder and CEO
Published 23 Feb, 2018 12:00am
Bank of France lends another $3 billion to IMF poverty fund

Bank of France lends another $3 billion to IMF poverty fund

The Bank of France agreed to lend an additional $3 billion to the International Monetary Fund's anti-poverty fund, the IMF announced Wednesday. The new loan, the sixth by France, makes the country among the largest contributors to the Poverty Reduction an
Published 23 Feb, 2018 12:00am
Macron eyes action against Chinese farm buyers

Macron eyes action against Chinese farm buyers

President Emmanuel Macron promised measures Thursday to help prevent foreign investors buying French farms amid concern that Chinese businesses are taking advantage of low land prices and distressed rural communities.
Published 23 Feb, 2018 12:00am
Deutsche Telekom rings up big profits

Deutsche Telekom rings up big profits

German telecoms giant Deutsche Telekom on Thursday announced a big jump for its 2017 net profit, as a tax bump from the United States helped offset record investments in fibre-optic infrastructure. Profit leapt by 29.4 percent to 3.46 billion euros ($4.2
Published 23 Feb, 2018 12:00am
Deutsche Telekom rings up big profits

Deutsche Telekom rings up big profits

German telecoms giant Deutsche Telekom on Thursday announced a big jump for its 2017 net profit, as a tax bump from the United States helped offset record investments in fibre-optic infrastructure. Profit leapt by 29.4 percent to 3.46 billion euros ($4.2
Published 23 Feb, 2018 12:00am
Ford ousts North America chief

Ford ousts North America chief

Ford ousted North American chief Raj Nair amid allegations of "inappropriate behavior" by the executive, the US auto giant announced Wednesday. Ford did not disclose details but said a review "determined certain behavior by Nair was inconsistent with the
Published 23 Feb, 2018 12:00am
German business confidence cools in February

German business confidence cools in February

Confidence among business leaders in Germany fell in February, a closely-watched survey showed Thursday, as companies fear that the current favourable combination of strong growth, low interest rates and low inflation could be coming to an end. The Munich
Published 23 Feb, 2018 12:00am
Earnings and ex-dividends blight FTSE; Barclays a bright spot

Earnings and ex-dividends blight FTSE; Barclays a bright spot

Disappointing results, big stocks going ex-dividend and concerns over rising bond yields hit Britain's top share index on Thursday, pulling it to a one-week low. Britain's blue chip FTSE 100 index fell 0.4 percent to 7,252.39 points, while mid caps fell 0
Published 23 Feb, 2018 12:00am
Southeast Asian stocks jittery on US rate risks

Southeast Asian stocks jittery on US rate risks

Southeast Asian stock markets were buffeted by a region-wide sell-off on Thursday as investors fretted over the possibility of a quickening in US interest rate hikes, with Vietnam and the Philippines bearing the brunt. The US Federal Reserve's rate-settin
Published 23 Feb, 2018 12:00am
Sri Lankan stocks slip

Sri Lankan stocks slip

Sri Lankan shares on Thursday snapped a five-session winning streak and eased from a more than three-month high on profit-booking, while foreign buying in Commercial Bank Plc boosted the daily traded turnover. Hopes of political stability after two key pa
Published 23 Feb, 2018 12:00am
European shares dip as earnings flurry fails to lift sentiment

European shares dip as earnings flurry fails to lift sentiment

European shares fell slightly on Thursday as a flurry of corporate results failed to lift sentiment after a new wave of speculation about faster hikes in U.S interest rates soured risk appetite globally. An hour after the open, the publication of the Germ
Published 23 Feb, 2018 12:00am
China stocks have best day in more than 18 months
Exchange

China stocks have best day in more than 18 months

China's major stock indexes scored their best single-day gains in more than 18 months, as investors played catch-up buying after the week-long Lunar New Year holiday. The rally was led by consumer and transport firms seen benefiting from the long break wh
Published 23 Feb, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower on Thursday, in a volatile session ahead of the expiry of futures and options contract, as the mood was dampened after the minutes of the central bank's latest policy meeting showed inflation concerns persisted. The benchmark BSE
Published 23 Feb, 2018 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields surged on Wednesday in choppy trading, after minutes of the latest Federal Reserve meeting affirmed expectations of further rate increases this year, with economic growth seen accelerating. US benchmark 10-year note yields, which move i
Published 23 Feb, 2018 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields surged on Wednesday in choppy trading, after minutes of the latest Federal Reserve meeting affirmed expectations of further rate increases this year, with economic growth seen accelerating. US benchmark 10-year note yields, which move i
Published 23 Feb, 2018 12:00am
Hong Kong stocks pull back

Hong Kong stocks pull back

Hong Kong stocks pulled back on Thursday from a two-week high hit in the previous session as investors took profit from sectors such as tech and financials , though the decline was capped by inflows from mainland China. At close of trade, the Hang Seng in
Published 23 Feb, 2018 12:00am
Wall Street falls as Fed minutes send bond yields higher
Exchange

Wall Street falls as Fed minutes send bond yields higher

US stocks closed lower on Wednesday in a rocky session after the release of the minutes from the Federal Reserve's January meeting pushed yields on the benchmark 10-year US Treasury note to a four-year high. After the Fed left interest rates unchanged in
Published 23 Feb, 2018 12:00am
Wall Street falls as Fed minutes send bond yields higher
Exchange

Wall Street falls as Fed minutes send bond yields higher

US stocks closed lower on Wednesday in a rocky session after the release of the minutes from the Federal Reserve's January meeting pushed yields on the benchmark 10-year US Treasury note to a four-year high. After the Fed left interest rates unchanged in
Published 23 Feb, 2018 12:00am
Thursday's early trade: technology, industrial shares shine

Thursday's early trade: technology, industrial shares shine

Gains in technology and industrial shares helped US stocks rebound from a two-day fall on Thursday as investors shrugged off the prospects of more interest rate hikes this year. Minutes of the Federal Reserve's latest meeting showed on Wednesday that the
Published 23 Feb, 2018 12:00am
Tokyo stocks slump

Tokyo stocks slump

Tokyo stocks dropped on Thursday following falls on Wall Street as market sentiment remained fragile after recent volatility. The benchmark Nikkei 225 index lost 1.07 percent or 234.37 points to close at 21,736.44 and the broader Topix index was down 0.88
Published 23 Feb, 2018 12:00am
Emaar continues rebound but Dubai, regional markets mostly move little

Emaar continues rebound but Dubai, regional markets mostly move little

Dubai blue chip Emaar Properties continued to rebound in heavy trade on Thursday but regional stock markets were mostly lacklustre, partly because of weak global bourses and oil prices. Emaar, which had been trading near 14-month lows, surged 3.2 percent
Published 23 Feb, 2018 12:00am
Aussie, kiwi struggle
Currency

Aussie, kiwi struggle

The Australian dollar fell again on Thursday and its New Zealand cousin was on track for a fifth straight day of weakening as the greenback extended gains amid bolstered expectations of at least three rate hikes in the United States this year. The Aussie
Published 23 Feb, 2018 12:00am
Sterling bounces off one-week low
Currency

Sterling bounces off one-week low

Sterling rose from a one-week low on Thursday as the dollar slumped towards a session low, although renewed concerns over the state of play in Brexit negotiations checked the British currency's gains. Despite sterling's weakness this week, it is still up
Published 23 Feb, 2018 12:00am
Asian currencies weaken
Exchange

Asian currencies weaken

Asian currencies languished against the dollar on Thursday after minutes of the Federal Reserve's January meeting showed policymakers were more confident of the need to keep raising interest rates. The Federal Reserve's rate-setting committee showed more
Published 23 Feb, 2018 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended slightly weaker on Thursday in dull trade as importer dollar demand outweighed selling of the greenback by exporters. The rupee ended at 155.25/30 per dollar, compared with Wednesday's close of 155.10/25. The rupee hit a record
Published 23 Feb, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 82.94-82.94 (Previous 82.94-82.94).
Published 23 Feb, 2018 12:00am
Dollar rises in NY on more rates increase hope
Exchange

Dollar rises in NY on more rates increase hope

The dollar rose to a more than one-week peak on Wednesday, extending its recovery from last week, helped by higher short-term Treasury yields, and as minutes of Federal Reserve's January meeting showed policymakers confident in the need to keep raising in
Published 23 Feb, 2018 12:00am
Early trade in New York: dollar slips broadly; yen soars
Currency

Early trade in New York: dollar slips broadly; yen soars

The dollar slipped against a basket of major currencies on Thursday, as its rally from a three-year low last week ran out of steam, and the yen soared as heightened volatility led investors to favour the Japanese currency. The dollar index, which measures
Published 23 Feb, 2018 12:00am
Moves to 10-day high in Europe
Exchange

Moves to 10-day high in Europe

The dollar inched up to a 10-day high on Thursday after minutes from the US Federal Reserve's January meeting showed policymakers confident in rising inflation, while the euro was left unmoved by its own central bank's policy minutes. European Central Ban
Published 23 Feb, 2018 12:00am
Stands tall in Asia
Currency

Stands tall in Asia

The dollar rose to a one-week high against a basket of major currencies on Thursday, after minutes of the Federal Reserve's January meeting showed policymakers were more confident of the need to keep raising interest rates. The dollar index edged up 0.1 p
Published 23 Feb, 2018 12:00am
Stable condition on cotton market
Cotton

Stable condition on cotton market

Prices ruled steady on the domestic cotton market following increases in New York futures at midweek where traders pointed to impressive export sales and also more enquiries in hand which boosted the fundamentals. Similarly, the Indian cotton market becam
Published 23 Feb, 2018 12:00am
Stable condition on cotton market
Cotton

Stable condition on cotton market

Prices ruled steady on the domestic cotton market following increases in New York futures at midweek where traders pointed to impressive export sales and also more enquiries in hand which boosted the fundamentals. Similarly, the Indian cotton market becam
Published 23 Feb, 2018 12:00am
CBOT corn ends lower

CBOT corn ends lower

Chicago Board of Trade corn futures slipped on Tuesday on technical selling and profit-taking, after touching a six-month high, traders said. The benchmark CBOT March contract pulled back from a session high of $3.70 a bushel, the highest price for a most
Published 23 Feb, 2018 12:00am
Prices to hold firm
Cotton

Prices to hold firm

Prices managed to hold firmness on the cotton market on Thursday in the process of modest trading activity, dealers said. The official spot rate was unchanged at Rs 6,900, they added. In Sindh and the Punjab, seed cotton prices were at Rs 2400-3000, they
Published 23 Feb, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 181,992 tonnes of cargo comprising 131,188 tonnes of import cargo and 50,804 tonnes of export cargo including 7,602 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 23 Feb, 2018 12:00am
Japan's January crude steel output rises

Japan's January crude steel output rises

Japan's crude steel output in January rose 0.3 percent from a year earlier to 9.03 million tonnes, the third straight month of year-on-year increases and the highest in a year, the Japan Iron and Steel Federation said on Tuesday. Output, which is not seas
Published 23 Feb, 2018 12:00am
Soyameal rises on European feeds market

Soyameal rises on European feeds market

Soyameal on the European meals and feeds market rose substantially on Tuesday following concerns that a hot, dry spell in the Argentine soyabean belt could damage crops and reduce yields. "Although there was some rain in Argentina over the weekend it was
Published 23 Feb, 2018 12:00am
US MIDDAY: gold swings higher
Currency

US MIDDAY: gold swings higher

Gold rose on Thursday, snapping four sessions of losses as the US dollar surrendered early gains, though the metal remained lower for the week to date and analysts said they expected trading to be rangebound. The dollar slipped against a basket of major c
Published 23 Feb, 2018 12:00am
US MIDDAY: soya, corn futures flat

US MIDDAY: soya, corn futures flat

US grain and soya futures were nearly unchanged on Thursday in largely technical-driven trading as investors awaited supply and demand estimates from an annual Department of Agriculture forum due early on Friday. USDA on Thursday predicted US plantings of
Published 23 Feb, 2018 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Gold swung higher on Thursday, snapping four sessions of losses as the dollar surrendered early gains, though the metal remained on track for its biggest weekly decline this year. The dollar had risen after minutes from the last US Federal Reserve meeting
Published 23 Feb, 2018 12:00am
Gold dips in Asia
Currency

Gold dips in Asia

Gold prices edged lower for the fifth straight session on Thursday as the dollar was bolstered by minutes of the last US Federal Reserve meeting that showed policymakers backed further interest rate hikes. "The high interest rate environment would be key
Published 23 Feb, 2018 12:00am
Gold falls in New York

Gold falls in New York

Gold dipped further on Wednesday, a day after its biggest daily slide in 2-1/2 months, but briefly bounced higher as the US dollar slipped for a short time after the release of minutes from the US Federal Reserve's January policy meeting. The Fed minutes
Published 23 Feb, 2018 12:00am
New York cocoa falls, arabica coffee rebounds

New York cocoa falls, arabica coffee rebounds

Cocoa futures on ICE turned lower on Thursday after the New York market tapped a three-month high and London prices failed to breach the prior session's peak on chart-based selling, while arabica coffee rebounded from a two-month low. May New York cocoa s
Published 23 Feb, 2018 12:00am
Iraq southern oil exports around 3.5 millions bpd so far in February

Iraq southern oil exports around 3.5 millions bpd so far in February

Iraq's crude oil exports from its southern ports on the Gulf stand at 3.5 million barrels per day so far in February, two oil industry officials told Reuters on Thursday. "Despite repeated bad weather issues this month we expect the monthly average to sta
Published 23 Feb, 2018 12:00am
Nickel, zinc hit week lows as China returns, steel slumps
Exchange

Nickel, zinc hit week lows as China returns, steel slumps

Nickel and zinc hit their lowest levels in over a week on Thursday as Chinese investors sold metals as their markets opened after holidays and steel prices dropped. Prices came off their lows in the European afternoon after the dollar reversed direction a
Published 23 Feb, 2018 12:00am
Previous Day