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Print - 2018-04-06
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 Thursday (April 05, 2018).

Published 06 Apr, 2018 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 06 Apr, 2018 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 06 Apr, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 06 Apr, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 06 Apr, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,330. The traded value of Metals, Energy and COTS/FX was recorded at PKR 9.028 billion and the number of lots traded was 15,403. Major business was contributed by gold a
Published 06 Apr, 2018 12:00am
Ukraine to raise flour exports
Currency

Ukraine to raise flour exports

Ukraine is likely to raise its flour exports by 20 percent to around 480,000 tonnes this season, making it the sixth largest supplier globally, analyst UkrAgroConsult said on Tuesday. "The factors driving the development specifically of exports include a
Published 06 Apr, 2018 12:00am
Chinese steel futures fall in six trading days
Exchange

Chinese steel futures fall in six trading days

Chinese steel futures fell for the first time in six trading sessions on Tuesday as investors booked some profits from recent gains spurred by hopes of a revival in demand from the construction sector and a drop in inventory levels.
Published 06 Apr, 2018 12:00am
Palm oil prices rise on European vegoils market
Vegetable Oil

Palm oil prices rise on European vegoils market

Palm oil on the European vegetable oils market rose on Tuesday, the first trading day following a four-day Easter weekend, on the back of two strong sessions in Malaysian palm oil futures. Palm oil futures, however, eased in a technical correction to two
Published 06 Apr, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 208,331 tonnes of cargo comprising 138,403 tonnes of import cargo and 69,928 tonnes of export cargo including 7,033 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 06 Apr, 2018 12:00am
Prices remain firm
Cotton

Prices remain firm

Rates stayed firm on the cotton market on Thursday in the process of modest trading, dealers said. Official spot rate was unchanged at Rs 7300, they added. In both Sindh and Punjab prices were at Rs 2800-3100, they said. In the ready session, around 3000
Published 06 Apr, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures climbed to a one-month high on Tuesday on spillover support from a firmer Chicago soyabean market, although a stronger Canadian dollar limited gains. May canola rose $1.70 to settle at $526.50 per tonne. July canola gained $1.6
Published 06 Apr, 2018 12:00am
Slow activity on cotton market
Cotton

Slow activity on cotton market

By and large, activity remained slow and sluggish on Thursday where only needy mills were seen to be picking up some quantities of cotton on the ready market. Recently, global cotton prices had also declined but buyers reportedly picked up some cotton to
Published 06 Apr, 2018 12:00am
Slow activity on cotton market
Cotton

Slow activity on cotton market

By and large, activity remained slow and sluggish on Thursday where only needy mills were seen to be picking up some quantities of cotton on the ready market. Recently, global cotton prices had also declined but buyers reportedly picked up some cotton to
Published 06 Apr, 2018 12:00am
Canada trade deficit jumps

Canada trade deficit jumps

Canada's trade deficit in February jumped to C$2.69 billion ($2.10 billion) from C$1.94 billion in January as rail transport problems slashed exports of wheat and canola, Statistics Canada said on Thursday. The deficit was larger than the C$2.00 billion s
Published 06 Apr, 2018 12:00am
World food prices rise
Vegetable Oil

World food prices rise

World food prices rose in March from the month before, driven by increases in grains and dairy costs, the United Nations food agency said on Thursday. The Food and Agriculture Organization's (FAO) food price index, which measures monthly changes for a bas
Published 06 Apr, 2018 12:00am
Almost 80 percent of UK firms pay men more than women

Almost 80 percent of UK firms pay men more than women

Almost eight out of 10 companies and public sector bodies operating in Britain pay men more than women overall, said data published Thursday confirming long-standing gender inequality in the workplace. Prime Minister Theresa May introduced laws last year
Published 06 Apr, 2018 12:00am
J.P Morgan's chief warns pace of Fed rate hikes could surprise

J.P Morgan's chief warns pace of Fed rate hikes could surprise

JPMorgan Chase's chief warned Thursday that markets have underestimated the chance the Federal Reserve will need to accelerate interest rate hikes. The Fed and other central banks "may have to take more drastic action than they currently anticipate - reac
Published 06 Apr, 2018 12:00am
J.P Morgan's chief warns pace of Fed rate hikes could surprise

J.P Morgan's chief warns pace of Fed rate hikes could surprise

JPMorgan Chase's chief warned Thursday that markets have underestimated the chance the Federal Reserve will need to accelerate interest rate hikes. The Fed and other central banks "may have to take more drastic action than they currently anticipate - reac
Published 06 Apr, 2018 12:00am
US trade deficit rises to near 9-1/2-year high

US trade deficit rises to near 9-1/2-year high

The US trade deficit increased to a near 9-1/2-year high in February, with both imports and exports rising to record highs in a sign of strong domestic and global demand. News on Thursday of the worsening trade deficit came as the United States and China
Published 06 Apr, 2018 12:00am
Broadcom moves back to the US

Broadcom moves back to the US

Semi-conductor manufacturer Broadcom, which recently failed in a bid to buy US rival Qualcomm, has transferred its headquarters from Singapore to the US as promised. The move effective Wednesday was approved by shareholders on March 23 and then endorsed b
Published 06 Apr, 2018 12:00am
Eurozone retail sales muted

Eurozone retail sales muted

Eurozone sales increased at a slower rate than expected in February as shoppers cut back on non-food purchases and figures for January were revised down, indicating a slowdown of business in the bloc's high streets at the start of the year. The European U
Published 06 Apr, 2018 12:00am
Fitch affirms US rating but warns on mounting debts
Currency

Fitch affirms US rating but warns on mounting debts

Ratings agency Fitch on Thursday left the top-notch US sovereign debt grade unchanged at "AAA" with a stable outlook, but warned faster borrowing could eventually test America's credit strength. In a statement, the agency said December's sweeping $1.5 tri
Published 06 Apr, 2018 12:00am
Fitch affirms US rating but warns on mounting debts
Currency

Fitch affirms US rating but warns on mounting debts

Ratings agency Fitch on Thursday left the top-notch US sovereign debt grade unchanged at "AAA" with a stable outlook, but warned faster borrowing could eventually test America's credit strength. In a statement, the agency said December's sweeping $1.5 tri
Published 06 Apr, 2018 12:00am
India defers new accounting rules for banks cheering investors

India defers new accounting rules for banks cheering investors

The Reserve Bank of India on Thursday deferred until next year a new accounting standard for the country's banks that would have led to higher bad-loan provisioning requirements. The move comes as a relief to Indian lenders battling near-record bad loans
Published 06 Apr, 2018 12:00am
India keeps interest rate unchanged

India keeps interest rate unchanged

India's central bank on Thursday kept interest rates at a seven-year-low despite inflation concerns and a recent spurt in economic growth. The Reserve Bank of India (RBI) said the benchmark repo rate - the level at which it lends to commercial banks -- wo
Published 06 Apr, 2018 12:00am
Trudeau sees high chance of NAFTA deal with US, Mexico

Trudeau sees high chance of NAFTA deal with US, Mexico

Canadian Prime Minister Justin Trudeau signalled Thursday he saw a strong chance of reaching a deal with the US and Mexico to revamp the North American Free Trade Agreement. "We have a high chance of reaching a win-win-win deal for Canada, the United Stat
Published 06 Apr, 2018 12:00am
Jet Airways to buy 75 Boeing jets in multi-billion dollar order
Exchange

Jet Airways to buy 75 Boeing jets in multi-billion dollar order

Indian airline Jet Airways has entered an agreement to buy 75 Boeing 737 MAX aircraft in a deal that could be worth more than $7 billion. The country's second-largest airline made the announcement to the Mumbai stock exchange late Tuesday. The company did
Published 06 Apr, 2018 12:00am
Australian shoppers make a comeback, housing market resilient

Australian shoppers make a comeback, housing market resilient

Australian retail sales rebounded in February as shoppers spent on cafes, clothing and household goods, a tentative sign that consumers may be coming out of the doldrums and contribute to economic growth. Wednesday's data from the Australian Bureau of Sta
Published 06 Apr, 2018 12:00am
Rights abuses rife on Zimbabwe tobacco farms: HRW
Currency

Rights abuses rife on Zimbabwe tobacco farms: HRW

Global watchdog Human Rights Watch on Thursday urged Zimbabwe to take urgent steps to stem child labour and other rights abuses on the country's tobacco farms. In a report titled "Bitter Harvest", the HRW revealed that children as young as 11 were working
Published 06 Apr, 2018 12:00am
HSBC leaker Falciani freed on bail in Spain

HSBC leaker Falciani freed on bail in Spain

A Spanish judge on Thursday released on bail Herve Falciani, a former HSBC computer analyst detained in Madrid at the request of Switzerland for leaking documents alleging widespread tax evasion. The National Court judge seized Falciani's passport and sai
Published 06 Apr, 2018 12:00am
Advertiser WPP probes CEO Sorrell over 'financial misconduct'
Exchange

Advertiser WPP probes CEO Sorrell over 'financial misconduct'

British advertising giant WPP on Wednesday revealed it had launched an independent investigation into allegations of misconduct by its chief executive Martin Sorrell, reportedly of a financial and personal nature. The statement came after The Wall Street
Published 06 Apr, 2018 12:00am
Tencent-backed Meituan to buy China bike-sharing leader Mobike

Tencent-backed Meituan to buy China bike-sharing leader Mobike

Chinese online services giant Meituan Dianping said Wednesday it would acquire bike-sharing start-up Mobike in a deal reportedly worth more than $3 billion, escalating a turf battle between some of the world's biggest internet companies. The acquisition v
Published 06 Apr, 2018 12:00am
Dollar moves up against yen in Asia
Currency

Dollar moves up against yen in Asia

The dollar inched up against the yen on Thursday as stocks bounced back from a sell-off triggered by an escalating US-China trade dispute. The greenback was 0.15 percent higher at 106.930 yen, having pulled higher from a low of 105.990 set the previous da
Published 06 Apr, 2018 12:00am
Dollar broadly up in Europe
Exchange

Dollar broadly up in Europe

The dollar rose to a two-week high against a basket of major currencies on Thursday, encouraged by a rebound on Wall Street and signs the United States may negotiate a resolution to a trade dispute with China. Beijing on Wednesday imposed tariffs on key U
Published 06 Apr, 2018 12:00am
Early trade in New York: dollar rallies as trade war fears ease
Currency

Early trade in New York: dollar rallies as trade war fears ease

The dollar rose to a two-week high against a currency basket on Thursday, bolstered by a rebound on Wall Street and signs the United States is looking to resolve a trade dispute with China. The US currency also climbed to a three-week peak against the yen
Published 06 Apr, 2018 12:00am
Dollar recovers against yen, Swiss franc in New York
Currency

Dollar recovers against yen, Swiss franc in New York

The dollar recovered against the yen and Swiss franc on Wednesday, bolstered by a rebound on Wall Street, as investors turned less pessimistic about the impact of China's move to slap tariffs on key US imports in response to a similar measure from the Uni
Published 06 Apr, 2018 12:00am
Sri Lankan rupee gains
Currency

Sri Lankan rupee gains

The Sri Lankan rupee ended stronger on Thursday on exporter dollar conversions and inward remittances, as Prime Minister Ranil Wickremesinghe surviving a no-confidence motion boosted sentiment, dealers said. Wickremesinghe won a no-confidence vote in parl
Published 06 Apr, 2018 12:00am
Most Asian currencies up
Currency

Most Asian currencies up

Most emerging Asian currencies inched up slightly on Thursday on hopes that a full-blown trade war between the United States and China can be averted. The dollar was a shade higher at 106.845 yen, having pulled higher from a low of 105.990 set the previou
Published 06 Apr, 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. 82.98-82.98 (Previous 82.96-82.96).
Published 06 Apr, 2018 12:00am
Sterling falls, set to post biggest drop in six weeks
Currency

Sterling falls, set to post biggest drop in six weeks

Sterling fell on Thursday and was set for its biggest daily drop in six weeks thanks to a general dollar rebound as trade war concerns eased and after a survey showed British services growing at their slowest since the Brexit referendum vote. The dollar e
Published 06 Apr, 2018 12:00am
Aussie, kiwi down

Aussie, kiwi down

The Australian and New Zealand dollars edged lower on Thursday as the greenback was generally well-bid against most Asian currencies, though an impression of easing trade tensions between the United States and China supported sentiment. The Australian dol
Published 06 Apr, 2018 12:00am
Abu Dhabi outperforms as TAQA leaps; Saudi index strong

Abu Dhabi outperforms as TAQA leaps; Saudi index strong

Abu Dhabi outperformed among mixed regional stock markets on Thursday, with Saudi Arabia extending a rebound following several days of profit-taking. The Abu Dhabi index closed 1.7 percent higher, supported by the financial and energy sectors. Abu Dhabi N
Published 06 Apr, 2018 12:00am
Financials take Australian shares up; New Zealand down
Exchange

Financials take Australian shares up; New Zealand down

Australian shares rose on Thursday, with bank stocks leading gains on a positive turn in global sentiment as fears of an all-out trade war between the world's two largest economies abated. Investors were more optimistic the US-China trade spat would simme
Published 06 Apr, 2018 12:00am
Thursday's early afternoon trade: Stocks climb as trade fears ebb

Thursday's early afternoon trade: Stocks climb as trade fears ebb

Wall Street rose on Thursday afternoon as investors shrugged off fears of an escalating trade conflict between the United States and China and looked forward to the quarterly earnings season. Boeing, among the worst hit stocks on Wednesday after China ret
Published 06 Apr, 2018 12:00am
Wall Street rises as China tariff fears ease
Exchange

Wall Street rises as China tariff fears ease

Wall Street's three major indexes staged a comeback to close around 1 percent higher on Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading. After i
Published 06 Apr, 2018 12:00am
China markets closed

China markets closed

China's stocks, financial and commodity markets are closed on Thursday and Friday for the Tomb Sweeping Day holiday or Qingming.
Published 06 Apr, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Wednesday and stocks recovered much of their earlier losses, after China retaliated against the Trump administration's plan to impose tariffs on Chinese goods. China hit back with a list of similar duties on key US imports inclu
Published 06 Apr, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Wednesday and stocks recovered much of their earlier losses, after China retaliated against the Trump administration's plan to impose tariffs on Chinese goods. China hit back with a list of similar duties on key US imports inclu
Published 06 Apr, 2018 12:00am
Sri Lankan stocks climb

Sri Lankan stocks climb

Sri Lankan shares climbed on Thursday to their highest close in one week as Prime Minister Ranil Wickremesinghe survived a no-confidence motion, easing political uncertainty, dealers said. Wickremesinghe won the motion as late on Wednesday as a majority o
Published 06 Apr, 2018 12:00am
Tokyo stocks higher
Exchange

Tokyo stocks higher

Tokyo stocks closed higher on Thursday as fears of a US-China trade war eased and the yen weakened against the dollar. The benchmark Nikkei 225 index rose 1.53 percent, or 325.87 points, to end at 21,645.42, while the broader Topix index was up 1.08 perce
Published 06 Apr, 2018 12:00am
Indian shares rise

Indian shares rise

Indian shares rose on Thursday, tracking global equity markets that recovered after fears of a Sino-US trade war eased, with metal stocks such as Hindalco Industries Ltd and banks such as ICICI Bank Ltd among top gainers.
Published 06 Apr, 2018 12:00am
Easing of trade tensions boosts European stocks

Easing of trade tensions boosts European stocks

European stocks jumped to their highest level in more than two weeks on Thursday as investors bought back into risky assets as concerns over trade tensions ebbed. The STOXX 600 rose 2.4 percent, scoring its best day since June 2016, buoyed by financials a
Published 06 Apr, 2018 12:00am
South East Asian stocks rebound

South East Asian stocks rebound

Southeast Asian stock markets gained on Thursday, with Singapore bouncing back strongly from the previous session's losses, as Washington expressed willingness to negotiate a resolution with Beijing, assuaging fears of a full-blown trade war between the t
Published 06 Apr, 2018 12:00am
FTSE rises as threat of a trade war fades

FTSE rises as threat of a trade war fades

British blue chip shares rose to their highest level in more than three weeks on Thursday as the threat of a trade war between the United States and China appeared to fade. In addition, a number of analysts now believe that current valuations make British
Published 06 Apr, 2018 12:00am
Nadal back in bullring for season-defining Davis Cup duty

Nadal back in bullring for season-defining Davis Cup duty

Rafael Nadal faces a potentially season-defining Davis Cup weekend as the 16-time Grand Slam champion returns for his first appearance since hobbling out of the Australian Open in January with a crippling hip injury. The 31-year-old Nadal leads Spain into
Published 06 Apr, 2018 12:00am
Murdoch's Star bags India cricket media rights for record $944 million

Murdoch's Star bags India cricket media rights for record $944 million

India's cricket board Thursday struck a record $944 million deal with broadcast giant Star India for the media rights of the national team, adding to their substantial television wealth. The amount was 60 percent higher than the last sale for the rights t
Published 06 Apr, 2018 12:00am
Ponting insists tainted Australia aim to play hard and fair

Ponting insists tainted Australia aim to play hard and fair

Former Australia skipper Ricky Ponting said Thursday he was shocked by the ball-tampering scandal that has engulfed the national team but defended a culture he insisted sought to play "hard" and "fair". Ponting, coach of the Delhi Daredevils IPL team, sai
Published 06 Apr, 2018 12:00am
Warner joins Smith, Bancroft in accepting tampering ban

Warner joins Smith, Bancroft in accepting tampering ban

Former Australia cricket vice-captain David Warner Thursday said he will not be challenging his 12-month ban for ball-tampering and would strive to be a better teammate and role model. His decision, just hours before a deadline, followed a contrite Steve
Published 06 Apr, 2018 12:00am
Liverpool risk UEFA action over Man City bus attack

Liverpool risk UEFA action over Man City bus attack

Liverpool are facing the prospect of disciplinary action by European football authorities following an attack on Manchester City's team bus before their Champions League quarter-final. Missiles were thrown at the bus as it arrived for Wednesday's first le
Published 06 Apr, 2018 12:00am
Foreign players to appear in Super Kabaddi League

Foreign players to appear in Super Kabaddi League

Foreign kabaddi players from different countries including Bangladesh, India, Iran, Iraq, Japan, Kenya, South Korea, Malaysia, Poland, Sri Lanka, Thailand, Turkmenistan, the UK and USA are expected to participate in Season I of Super Kabaddi League that i
Published 06 Apr, 2018 12:00am
Rabada to miss IPL season

Rabada to miss IPL season

Kagiso Rabada, the world's number one Test bowler, will miss the Indian Premier League season due to a back injury, Cricket South Africa said Thursday. He had been contracted to the Delhi Daredevils for the annual Twenty20 league, which begins this weeken
Published 06 Apr, 2018 12:00am
Main Moscow airport misses World Cup runway deadline

Main Moscow airport misses World Cup runway deadline

Moscow's busiest airport will not receive a crucial new runway in time for the World Cup, a report said on Thursday, dealing a blow to President Vladimir Putin's prestige event. The Rosaviatsiya state aviation agency has informed the transport minister th
Published 06 Apr, 2018 12:00am
Monaco wants grid girls back at 2018 F1 race

Monaco wants grid girls back at 2018 F1 race

The boss of the Monaco Grand Prix is planning to reverse Formula One's recent modernisation of some traditions by retaining 'grid girls' at the glamorous Mediterranean race weekend in May. The sport announced it was replacing 'gird girls' with 'grid kids'
Published 06 Apr, 2018 12:00am
Miracle man Woods seeks Masters magic

Miracle man Woods seeks Masters magic

Tiger Woods teed off at Augusta National for the first time in three years on Thursday, setting off in search of his 15th major title in a Masters that promises to be a classic. The 42-year-old, who calls himself a walking miracle less than 12 months afte
Published 06 Apr, 2018 12:00am
11-year-old prodigy opens with table tennis win

11-year-old prodigy opens with table tennis win

Eleven-year-old table tennis prodigy Anna Hursey made her mark at the Commonwealth Games as she helped pull off a hard-fought doubles win for Wales on Thursday. The schoolgirl, the youngest athlete at these Games and thought to be the youngest in the comp
Published 06 Apr, 2018 12:00am
Record-breaking Aussies rebound from Pearson pull-out

Record-breaking Aussies rebound from Pearson pull-out

Australia smashed world records in swimming and cycling on day one of the Commonwealth Games as they rebounded quickly from hurdler Sally Pearson's shock pull-out on Thursday Poster-girl Pearson's withdrawal with an Achilles problem made for a gloomy star
Published 06 Apr, 2018 12:00am
Researcher kills four staff at Turkish university

Researcher kills four staff at Turkish university

A researcher killed four fellow staff members in a shooting Thursday at a university in the western Turkish city of Eskisehir, in one of the deadliest incidents of its kind seen in Turkey. Deadly shootouts - often caused by arguments that degenerate into
Published 06 Apr, 2018 12:00am
German court refuses to extradite Puigdemont on rebellion charge

German court refuses to extradite Puigdemont on rebellion charge

A German court on Thursday refused Spain's request to extradite Catalan ex-leader Carles Puigdemont on a rebellion charge following his arrest in Germany last month, ordering his release on bail pending a hearing on a lesser charge. In a heavy blow for Ma
Published 06 Apr, 2018 12:00am
Palestinian killed by air strike

Palestinian killed by air strike

A Palestinian was killed by an Israeli air strike on the Gaza border early Thursday, the health ministry in the Palestinian enclave said, as tensions increased ahead of new protests. The health ministry did not identify the man but said he died in Shifa H
Published 06 Apr, 2018 12:00am
Hamas offers $3,000 for families of those killed by Israel

Hamas offers $3,000 for families of those killed by Israel

Gaza's Islamist rulers Hamas have offered to pay $3,000 to the family of any Palestinian killed by Israeli troops along the border, ahead of new expected protests. In a statement, the group said it would support the "family of each martyr" with $3,000, wh
Published 06 Apr, 2018 12:00am
Twitter: one million accounts suspended for 'terrorism promotion'

Twitter: one million accounts suspended for 'terrorism promotion'

Twitter said Thursday it has suspended over one million accounts for "promotion of terrorism" since 2015, claiming its efforts have begun to make the platform "an undesirable place" to call for violence. In its latest transparency report, Twitter said it
Published 06 Apr, 2018 12:00am
New Ivory Coast senate launched

New Ivory Coast senate launched

Ivory Coast's new senate took office on Thursday, defying opposition protests that the assembly was a costly rubber stamp for President Alassane Ouattara. Sixty-six senators were elected on March 24, delivering a massive majority for the ruling RHDP party
Published 06 Apr, 2018 12:00am
1.5 billion sensitive documents on open internet: researchers
Exchange

1.5 billion sensitive documents on open internet: researchers

Some 1.5 billion sensitive online files, from pay stubs to medical scans to patent applications, are visible on the open internet, security researchers said Thursday. Researchers from the cybersecurity firm Digital Shadows said a scanning tool used in the
Published 06 Apr, 2018 12:00am
Major fire engulfs Istanbul hospital, patients evacuated

Major fire engulfs Istanbul hospital, patients evacuated

A huge fire on Thursday engulfed a hospital in Istanbul forcing patients to evacuate as firefighters battled the smoke and flames. The blaze, which started in the roof, turned the side of the building into a burned-out shell, sending a massive black cloud
Published 06 Apr, 2018 12:00am
'Nothing has changed' in US mission in Syria: Pentagon

'Nothing has changed' in US mission in Syria: Pentagon

The US military's Syria mission has not changed and troops will remain for now, the Pentagon said Thursday, days after President Donald Trump said he wants US forces out. "Our position in Syria has been to defeat ISIS," Pentagon spokeswoman Dana White tol
Published 06 Apr, 2018 12:00am
Flight returns to Singapore after bomb hoax

Flight returns to Singapore after bomb hoax

A flight operated by budget airline Scoot was Thursday escorted back to Singapore by fighter jets after a bomb hoax and a passenger was arrested. The plane bound for Hat Yai in southern Thailand landed safely at Changi Airport at 3:23 pm (0723 GMT) just o
Published 06 Apr, 2018 12:00am
US to sell European allies $4.7 billion in military aircraft

US to sell European allies $4.7 billion in military aircraft

The United States on Wednesday approved $4.7 billion in deals for American firms to sell jet fighters to Slovakia, military helicopters to Spain and armed drones to Britain. All three countries are Nato members, and the sale of F-16 fighters to Slovakia w
Published 06 Apr, 2018 12:00am
Merkel to visit White House

Merkel to visit White House

The White House on Thursday announced a visit by German Chancellor Angela Merkel, but said no date had yet been set. There is an "upcoming visit," deputy press secretary Hogan Gidley said, adding that the details were still being worked out. After enjoyin
Published 06 Apr, 2018 12:00am
Copper climbs over one percent as US-China trade fears ease
Exchange

Copper climbs over one percent as US-China trade fears ease

Copper rose 1.4 percent on Thursday as fading concerns over the prospect of a trade war between China and the United States sparked a bounce in cyclical assets, driving European stocks up more than 2 percent. Equity markets rebounded from the previous ses
Published 06 Apr, 2018 12:00am
Oil firms must pay more for service vessels: Norway ship owners

Oil firms must pay more for service vessels: Norway ship owners

Oil companies should be prepared to pay higher rates for renting offshore service vessels, in order to secure the long-term survival of a key part of the industry's supply chain, the Norwegian Shipowners' Association said on Thursday. Energy firms sharply
Published 06 Apr, 2018 12:00am
Oil climbs with equities, Saudi Arabia hikes crude prices

Oil climbs with equities, Saudi Arabia hikes crude prices

Oil prices rose on Thursday, helped by gains in US equities markets and Saudi Arabia's unexpected hike in crude prices, though crude's advance was curbed by strength in the dollar. Brent crude futures gained 31 cents to settle at $68.33 a barrel, and US W
Published 06 Apr, 2018 12:00am
Rubber extends losses
Exchange

Rubber extends losses

Benchmark Tokyo rubber futures slipped on Thursday, extending losses into a fourth straight day, as lingering worries over rising stock in Tokyo weighed on sentiment despite easing concerns over US-China trade spat. Rubber inventories at TOCOM-approved wa
Published 06 Apr, 2018 12:00am
Palm oil rises to new one-month top
Vegetable Oil

Palm oil rises to new one-month top

Malaysian palm oil futures hit a fresh one-month top on Thursday, charting a fourth session of gains in five, as expectations of falling end-March stockpiles boosted the market. The benchmark palm oil contract for June delivery on the Bursa Malaysia Deriv
Published 06 Apr, 2018 12:00am
New York cocoa climbs on arbitrage buying

New York cocoa climbs on arbitrage buying

New York cocoa futures on ICE rose on Thursday, buoyed by arbitrage buying that sharply narrowed the May/July spread while the London May cocoa discount versus the July contract widened on the London market. May New York cocoa settled up $33, or 1.3 perce
Published 06 Apr, 2018 12:00am
Gold eases from one-week high in New York

Gold eases from one-week high in New York

Gold prices eased from a one-week high, but still remained up on Wednesday, as the US dollar dipped versus the yen and share markets faltered after China retaliated against a US move to slap tariffs on $50 billion worth of its imports. Beijing said after
Published 06 Apr, 2018 12:00am
Gold slips in Asia
Exchange

Gold slips in Asia

Gold prices fell on Thursday, pulling back from one-week highs reached the session before, as risk appetite recovered after the United States expressed willingness to resolve an escalating trade fight with China. Spot gold dipped 0.6 percent to $1,324.96
Published 06 Apr, 2018 12:00am
Gold falls in Europe

Gold falls in Europe

Gold prices fell on Thursday after the United States and China signalled willingness to resolve a trade dispute through negotiations, reducing demand for bullion as a perceived safe place to park money. Investors moved back into equities, sending global s
Published 06 Apr, 2018 12:00am
US MIDDAY: soyabean futures up

US MIDDAY: soyabean futures up

Chicago soyabean futures rallied more than 1 percent on Thursday as investors played down the immediate impact of proposed Chinese tariffs on US supplies, a move that had sent prices plunging a day earlier. US winter wheat futures jumped as much as 2 perc
Published 06 Apr, 2018 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold prices dropped on Thursday as safe-haven demand eased for bullion after the United States and China signalled willingness to negotiate a trade dispute instead of hitting each other with tariffs that might slow economic activity in both countries. Inv
Published 06 Apr, 2018 12:00am