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Apr 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-05-06
Argentine peso rebounds
Currency

Argentine peso rebounds

AIRES: Argentina's peso strengthened sharply on Friday, gaining over 5 percent against the dollar after the central bank hiked the benchmark interest rate to 40 percent in a dramatic bid to shore up the currency. On Thursday, the peso plunged 7.8 percent
Published 06 May, 2018 12:00am
PPHA holds dialogue on prevention and control of NCDs

PPHA holds dialogue on prevention and control of NCDs

The Punjab Public Health Agency (PPHA) launched its Policy Roundtable Series with first dialogue on "Prevention and Control of Non-Communicable Diseases (NCDs)" in Punjab. The roundtable was attended by eminent public health professionals and sector exper
Published 06 May, 2018 12:00am
Farmers advised to complete cotton sowing before May 31
Cotton

Farmers advised to complete cotton sowing before May 31

The Punjab Agriculture Department has advised farmers to complete cotton sowing before May 31, as crop sown after this date is susceptible to attack of diseases/ insect & pests. In an advisory issued here on Saturday, a spokesman said that Government has
Published 06 May, 2018 12:00am
UK pledges support for GSP plus status

UK pledges support for GSP plus status

The UK government reiterates its support for Pakistan to benefit from the EU's GSP+ scheme, whilst in return Pakistan has pledged to continue to make progress on human rights, labor rights, environment and good governance, in line with the commitments mad
Published 06 May, 2018 12:00am
Seminar on gender equality held

Seminar on gender equality held

The formulation of gender responsive strategy of National Highways & Motorway Police is illustration of our commitment. DIG Ahmad Arslan Malik said this while speaking during a gender awareness seminar held at Zonal Office, Lahore. The seminar was titled
Published 06 May, 2018 12:00am
Cement sector registers 15 percent growth in 10 months

Cement sector registers 15 percent growth in 10 months

Bullish trend in cement despatches continued unabated in April 2018 and buoyancy in exports proved icing on the cake as exports increased for the second month by over 81 percent and sector posted highest capacity utilization. According to data released by
Published 06 May, 2018 12:00am
Shehr-e-Khamoshan: model graveyard developed in Faislabad

Shehr-e-Khamoshan: model graveyard developed in Faislabad

Punjab Shehr-e-Khamoshan Authority (PSKA) has made the model graveyard (Shehr-e-Khamoshan) operational at Satiana Road near Adda Khanuana on the 92 Kanal land which is the third project completed by the PSKA. This project of model graveyard has been compl
Published 06 May, 2018 12:00am
ECP bound to hold polls as per schedule: JI leader

ECP bound to hold polls as per schedule: JI leader

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that the rumours about delay of elections and the talk of "aliens: or "unseen beings" was an enmity towards the country and the nation. Addressing a workers convention in the city on Saturday, he
Published 06 May, 2018 12:00am
Karachiite to vote for PPP in upcoming general election, claims Murad

Karachiite to vote for PPP in upcoming general election, claims Murad

Sindh Chief Minister Syed Murad Ali Shah has said in 1980s Karachi had experienced dark clouds on its political horizon and everywhere there was a wave of fear and insecurity among the people but "we have cleared it completely and would allow anyone to re
Published 06 May, 2018 12:00am
Larkana Package: Dhamra refutes corruption charges

Larkana Package: Dhamra refutes corruption charges

The Information Secretary Pakistan Peoples Party Sindh Aajiz Dhamra has refuted the allegation of misappropriation of Rs 90 billion in Larkana Development Package and said that if anyone has evidences against corruption of MNA Faryal Talpur, the same shou
Published 06 May, 2018 12:00am
Honda BR-V sets Road Trip in Pakistan

Honda BR-V sets Road Trip in Pakistan

Honda Atlas Cars (Pakistan) Limited, being one of the leading local automotive manufacturers in Pakistan, is all set to begin their journey of traveling Pakistan in Honda BR-V. It is going to be a 14 days campaign, where the renowned personalities like Ha
Published 06 May, 2018 12:00am
PBIF chief calls for setting up industrial estate in Bhawalpur
Cotton

PBIF chief calls for setting up industrial estate in Bhawalpur

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that Bahawalpur is in dire need of new industrial estate to facilitate the available potential of new industries and manufacturing concerns. He said that the curren
Published 06 May, 2018 12:00am
Customs value of polyester fabric revised

Customs value of polyester fabric revised

Directorate General Customs Valuation (DGCV) has revised the customs values of different polyester fabrics under sub-section (7) of section 25 of the Customs Act, 1969. The customs values of different polyester fabrics were determined vide two different v
Published 06 May, 2018 12:00am
Customs value of polyester fabric revised

Customs value of polyester fabric revised

Directorate General Customs Valuation (DGCV) has revised the customs values of different polyester fabrics under sub-section (7) of section 25 of the Customs Act, 1969. The customs values of different polyester fabrics were determined vide two different v
Published 06 May, 2018 12:00am
84 awarded degrees at Habib university's convocation

84 awarded degrees at Habib university's convocation

Some 84 students were awarded degrees in their respective disciplines at the first convocation of Habib University's first convocation that was held at its campus on Saturday. The students got degrees in four disciplines, including BSc (Hon) Social Develo
Published 06 May, 2018 12:00am
ECAP lauds SBP for stabilizing exchange rate
Exchange

ECAP lauds SBP for stabilizing exchange rate

Zafar Paracha, General Secretary, Exchange Companies Association Pakistan (ECAP), has appreciated the State Bank of Pakistan (SBP) role for stabilizing the exchange rate. "The SBP and ECAP have played an important role in stabilizing the exchange rate and
Published 06 May, 2018 12:00am
Bin Qasim power plant: Karachi faces frequent outages as fault persists

Bin Qasim power plant: Karachi faces frequent outages as fault persists

Several areas of Karachi continued to face prolonged outages on Saturday as K-Electric's Bin Qasim power plant could not be restored even after the passage of two days. The K-Electric was earlier at odds with Sui Southern Gas Company for non-provision of
Published 06 May, 2018 12:00am
PPP to stage sit-ins against power crisis in Sindh

PPP to stage sit-ins against power crisis in Sindh

Pakistan People's Party has announced to commence series of protest and sit in against the unannounced load shedding in whole Sindh Province. According to the sources, the party has decided to hold the very first protest in PPP's strong hold Larkana tomor
Published 06 May, 2018 12:00am
Load-shedding affects 4 million daily wagers the most: Atiq Mir

Load-shedding affects 4 million daily wagers the most: Atiq Mir

Nearly 4 million daily wage laborers are the worst effected from the prolonged and unannounced electricity load shedding as heat waves continue to batter the city over the past week. The sizzling weather scorched the metropolis with the season's highest t
Published 06 May, 2018 12:00am
Lawyers observe strike against judges' attitude

Lawyers observe strike against judges' attitude

Lawyers community on Saturday went on strike against the attitude of judges in lower judiciary as well as issuing of contempt of court notices to lawyers and elevation of Justice Muneeb Akhtar of Sindh High Court to Supreme Court what they believed violat
Published 06 May, 2018 12:00am
French firms keen to invest in Pakistan: envoy
Exchange

French firms keen to invest in Pakistan: envoy

The French companies are interested to invest here in different sectors, said Counsel General of France. While talking to media-men at a reception hosted for the Swiss Consul General here, French Consul General, Didier Talpain, expressed his satisfaction
Published 06 May, 2018 12:00am
CTD nabs four terror suspects

CTD nabs four terror suspects

The Counter Terrorism Department (CTD) of Sindh police claimed to have arrested four suspected terrorists associated with an outlawed organization during separate raids in the metropolis in the wee hours of Saturday. According to details, the CTD personne
Published 06 May, 2018 12:00am
Tens of thousands stage anti-Macron protest in Paris

Tens of thousands stage anti-Macron protest in Paris

Depicting the object of their ire as Napoleon, Dracula, Jupiter, a banker-king and Margaret Thatcher, tens of thousands marched through central Paris on Saturday to protest against President Emmanuel Macron's sweeping reforms, a year after he took office.
Published 06 May, 2018 12:00am
US man who killed Indian immigrant sentenced to life

US man who killed Indian immigrant sentenced to life

A man in the US state of Kansas who shot dead an Indian immigrant while shouting "get out of my country" was sentenced Friday to life in prison. Adam Purinton had previously pleaded guilty to the racial slur-filled, drunken attack in February last year at
Published 06 May, 2018 12:00am
Swiss clinic slams Australia over scientist, 104, who wants to die

Swiss clinic slams Australia over scientist, 104, who wants to die

A member of a Swiss clinic set to help Australia's oldest scientist end his life has said it is an "atrocity" that Australia had not allowed the 104-year-old to die at home. David Goodall, who caused a stir two years ago when his university tried unsucces
Published 06 May, 2018 12:00am
Rohingya will be safe in areas 'designated' for them: Myanmar army chief

Rohingya will be safe in areas 'designated' for them: Myanmar army chief

Rohingya refugees who return to Myanmar will be safe as long as they stay in the model villages built for them, the country's army chief has said, renewing fears they will be kept in settlements indefinitely. Some 700,000 Rohingya Muslims fled Buddhist-ma
Published 06 May, 2018 12:00am
Sierra Leone holds first national cleanup day

Sierra Leone holds first national cleanup day

Sierra Leone on Saturday held its first "national cleaning day" under new President Julius Maada Bio as part of a campaign to improve hygiene and the work rate of civil servants. In the capital Freetown's largest slum Kroo Bay hundreds of men and women si
Published 06 May, 2018 12:00am
Five dead in explosion in Gaza Strip

Five dead in explosion in Gaza Strip

Five people were killed in an explosion in the central Gaza Strip on Saturday in what was thought to be an accidental blast, residents and the health ministry said. Gaza's health ministry confirmed five people were killed and three others wounded in what
Published 06 May, 2018 12:00am
Tens of thousands march for Scottish independence

Tens of thousands march for Scottish independence

Tens of thousands of people, many waving the Saltire flag and beating drums, marched through the streets of Glasgow on Saturday in support of Scottish independence. Police estimated around 35,000 people turned out for the five kilometre march from Kelving
Published 06 May, 2018 12:00am
Teenager raped, burned to death in India

Teenager raped, burned to death in India

Two men burned a teenager alive at her home in eastern India a day after raping her, police said Saturday, in the latest case of sexual violence in the country. The 16-year-old was abducted from her home when her family was away to attend a wedding and ra
Published 06 May, 2018 12:00am
Iran government 'does not approve' Telegram blockage

Iran government 'does not approve' Telegram blockage

The Iranian government "does not approve" of the judiciary's recent blockage of the Telegram messaging app, President Hassan Rouhani said Saturday. "The recent blocking and filtering of Telegram was not implemented by the government and the government doe
Published 06 May, 2018 12:00am
Navalny, hundreds of supporters detained

Navalny, hundreds of supporters detained

Russian opposition leader Alexei Navalny was detained along with more than a thousand of his supporters on Saturday during nationwide rallies against Vladimir Putin as police used force to break up rallies in Moscow and Saint Petersburg.
Published 06 May, 2018 12:00am
Four Turkish parties unite to contest landmark polls

Four Turkish parties unite to contest landmark polls

Four Turkish opposition parties Saturday announced they had formed a coalition to challenge President Recep Tayyip Erdogan in snap elections on June 24. After the landmark vote, a new presidential system agreed in an April 2017 referendum will come into f
Published 06 May, 2018 12:00am
Seven Polish miners missing after quake hits coal pit

Seven Polish miners missing after quake hits coal pit

Seven Polish miners were missing Saturday after a quake hit a coal mine in the country's southern Silesia region, the national mining office said. The quake, whose cause was not yet clear, hit the Zofiowka mine at 11:00 am (0900 GMT) about 900 metres (300
Published 06 May, 2018 12:00am
South Sudan diplomat shot dead by mistake in Central Africa

South Sudan diplomat shot dead by mistake in Central Africa

An aide to South Sudan's ambassador to Central Africa was shot and killed apparently by mistake in Bangui on Friday, by men from the Central Office for the Suppression of Banditry (OCRB), government sources told AFP. The incident took place after the OCRB
Published 06 May, 2018 12:00am
Thousands flee after Hawaii quake triggers new volcano eruptions

Thousands flee after Hawaii quake triggers new volcano eruptions

Thousands of people have been forced to flee after a magnitude 6.9 earthquake shook Hawaii's Big Island, triggering the collapse of a coastal cliff and prompting fresh eruptions of a volcano that has been spewing lava near residential areas. No injuries h
Published 06 May, 2018 12:00am
Tensions brew on Yemen's Socotra after UAE deployment

Tensions brew on Yemen's Socotra after UAE deployment

A Saudi delegation is on the strategic Yemeni island of Socotra in a bid to defuse tensions which erupted after the United Arab Emirates deployed troops there, Yemeni state media reported. The UAE is a key partner in a Saudi-led coalition that has been fi
Published 06 May, 2018 12:00am
NASA blasts off Mars-bound spaceship, InSight, to study quakes

NASA blasts off Mars-bound spaceship, InSight, to study quakes

NASA on Saturday launched its latest Mars lander, called InSight, designed to perch on the surface and listen for "Marsquakes" ahead of eventual human missions to explore the Red Planet. "Three, two, one, liftoff!" said a NASA commentator as the unmanned
Published 06 May, 2018 12:00am
Britain backs French plan for European defence force: minister

Britain backs French plan for European defence force: minister

Britain is backing a French plan to create a European military intervention force as a way to maintain strong defence ties with the EU after Brexit, a minister told AFP on Saturday. British junior defence minister Frederick Curzon said London was "very ke
Published 06 May, 2018 12:00am
British PM defies expectations in England local elections

British PM defies expectations in England local elections

British Prime Minister Theresa May's Conservative Party fared better than expected in local elections in England as the final results were announced early Saturday, in her first test at the polls since losing her parliamentary majority last year.
Published 06 May, 2018 12:00am
Malaysia PM's party sacks key figures ahead of poll

Malaysia PM's party sacks key figures ahead of poll

Malaysia's most powerful political party expelled two key figures for throwing their support behind the opposition just days ahead of a closely-fought election, the state news agency reported Saturday. Prime Minister Najib Razak's United Malays National O
Published 06 May, 2018 12:00am
US Navy reactivates its Atlantic second Fleet

US Navy reactivates its Atlantic second Fleet

A top US navy admiral announces the re-establishment of the US 2nd Fleet - a Cold War command disbanded in 2011 - to patrol the North Atlantic and face a resurgent threat from Russia. The chief of US Naval Operations, Admiral John Richardson, made the ann
Published 06 May, 2018 12:00am
US condemns China for 'Orwellian nonsense' over airline websites

US condemns China for 'Orwellian nonsense' over airline websites

The White House on Saturday sharply criticized China's efforts to force foreign airlines to change how they refer to Taiwan, Hong Kong and Macau, labeling China's latest effort to police language describing the politically sensitive territories as "Orwell
Published 06 May, 2018 12:00am
Second warm-up match: Shadab Khan strikes against Northamptonshire

Second warm-up match: Shadab Khan strikes against Northamptonshire

Pakistan leg-spinner Shadab Khan took six wickets on the first day of the tourists' warm-up match against Northamptonshire at Wantage Road on Friday. Shadab took six for 77 in 19 overs as Northamptonshire made 259 on the opening day of this four-day match
Published 06 May, 2018 12:00am
Nur Khan Memorial National Open Golf begins

Nur Khan Memorial National Open Golf begins

The second edition of prestigious Nur Khan Memorial Open Golf Championship over 54-holes got under way under the aegis of PAF Sports Board Control Committee here on Saturday at PAF Golf Course. Air Vice Marshal Sarfaraz Khan, Air Officer Commanding Northe
Published 06 May, 2018 12:00am
Panathinaikos close to sale

Panathinaikos close to sale

Thai entrepreneur Pairoj Piempongsant on Saturday took a step closer to acquiring a majority stake in financially-troubled Greek club Panathinaikos, Greek media reported. Piempongsant met current owner Yiannis Alafouzos in Athens and agreed that his firm
Published 06 May, 2018 12:00am
West Brom stave off drop, Stoke relegated

West Brom stave off drop, Stoke relegated

Jake Livermore kept alive West Bromwich Albion's slender hopes of avoiding relegation as his last-gasp strike clinched a dramatic 1-0 win over Tottenham, while Stoke were relegated after a 2-1 defeat against Crystal Palace on Saturday. Albion knew only th
Published 06 May, 2018 12:00am
Hamburg teeter close to first ever Bundesliga Relegation

Hamburg teeter close to first ever Bundesliga Relegation

Hamburg, the only club to have played every Bundesliga season, stumbled closer to a historic relegation when they crashed 3-0 at Eintracht Frankfurt on Saturday. On the penultimate day of the season, Marius Wolf and Omar Mascarell netted for the home team
Published 06 May, 2018 12:00am
Neymar returns to PSG training ground and works out

Neymar returns to PSG training ground and works out

Neymar returned to the Paris Saint-Germain training centre on Saturday and the club tweeted photos of the Brazilian star working out in the gym. The pictures showed the world's most expensive player grimacing as he lifted weights and working out on leg-st
Published 06 May, 2018 12:00am
Sousa stops Tsitsipas to reach home Estoril final

Sousa stops Tsitsipas to reach home Estoril final

Portugal's Joao Sousa scored a popular victory on Saturday, defeating Greek teenager Stefanos Tsitsipas 6-4, 1-6, 7-6 (7/4) to reach the final of the Estoril Open. He is the first local since Federico Gil in 2010 to make the home final. The 44th-ranked Ts
Published 06 May, 2018 12:00am
Zverev downs Chung for all-German Munich final

Zverev downs Chung for all-German Munich final

Defending champion Alexander Zverev booked his place in the final of the ATP tournament in Munich with an impressive straight-sets win over South Korea's Hyeon Chung in Saturday's semi-final. Zverev, the top seed, put in an assured display to seal a 7-5,
Published 06 May, 2018 12:00am
No guard of honour for Barca as they did not do one for us: Zidane

No guard of honour for Barca as they did not do one for us: Zidane

Zinedine Zidane says Barcelona do not deserve a guard of honour before the Clasico on Sunday because they refused to give Real Madrid one for winning the Club World Cup. Barca host Real as La Liga and Copa del Rey champions but Zidane's side will not perf
Published 06 May, 2018 12:00am
Family the focus for banned Warner after tampering scandal

Family the focus for banned Warner after tampering scandal

Disgraced Australian cricketer David Warner said Saturday he was humbled by the support received following the cheating scandal that rocked the sport, with the feisty opener refocused on his family. Warner was considered the mastermind behind the plan to
Published 06 May, 2018 12:00am
Positions on Asian currencies pull back on resurgent dollar
Currency

Positions on Asian currencies pull back on resurgent dollar

Investors trimmed their positions on most emerging Asian currencies in the last two weeks, a Reuters poll showed, following recent strength in the dollar on signs of resilience in the US economy and a rise in Treasury yields. US debt yields surged over th
Published 06 May, 2018 12:00am
Born in a dishwasher drawer, an Italian spin on currency mining
Exchange

Born in a dishwasher drawer, an Italian spin on currency mining

Two Italian entrepreneurs are raising up to 20 million euros ($25 million) as they try to carve out a new niche in crypto-currency mining - a dream that began in a dishwasher drawer. Gabriele Angeli, 34, and Gabriele Stampa, 43, are founders of Florence-b
Published 06 May, 2018 12:00am
China central bank lends 367.50 billion yuan via MLF in April

China central bank lends 367.50 billion yuan via MLF in April

China's central bank said on Wednesday that it lent 367.50 billion yuan ($57.79 billion) to financial institutions via its medium-term lending facility (MLF) in April. Outstanding MLF was reduced to 4.017 trillion yuan at the end of April compared with 4.
Published 06 May, 2018 12:00am
Speculators' bearish bets on US dollar at seven-week low
Exchange

Speculators' bearish bets on US dollar at seven-week low

Speculators' net short dollar bets fell to a seven-week low in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar positions, derived from net positions
Published 06 May, 2018 12:00am
IFC targets ramp-up in bonds investment

IFC targets ramp-up in bonds investment

The International Finance Corporation, the private sector arm of the World Bank, expects to invest up to $300 million in green bonds, mainly in the financial sector, in the Middle East and North Africa by 2020, a director at the organisation told Reuters
Published 06 May, 2018 12:00am
Strong Asian demand continues to hold up thermal coal markets

Strong Asian demand continues to hold up thermal coal markets

Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding not far off $100 a tonne despite the onset of the usual lull at this time of year. Benchmark Australian ther
Published 06 May, 2018 12:00am
Australian wheat farmers plant in dust bowl and pray for rain

Australian wheat farmers plant in dust bowl and pray for rain

Australian farmers are planting wheat in some of the driest soils in years, following on from a severe drought that cut 2017/18 output in the world's fourth-largest wheat exporter to the lowest in a decade. The difficult conditions for a second successive
Published 06 May, 2018 12:00am
Opec discipline, healthy demand likely to power oil rally through 2018

Opec discipline, healthy demand likely to power oil rally through 2018

Strong compliance with Opec-led production cuts, robust demand and supply disruptions in the Middle East are likely to lift oil's average price this year to above $67 a barrel, a Reuters poll showed last Monday. The survey of 38 economists and analysts fo
Published 06 May, 2018 12:00am
Immature wheat should not hinder Kansas wheat tour results

Immature wheat should not hinder Kansas wheat tour results

Crop scouts are out in the fields this week assessing hard red winter wheat potential in the top US wheat state of Kansas, which is suffering from its driest growing season in more than 30 years. Given the precarious state of Kansas' wheat, there are some
Published 06 May, 2018 12:00am
Weak currency, trade jitters bolster Brazil soya exports
Currency

Weak currency, trade jitters bolster Brazil soya exports

Brazil's soyabean exports hit record volumes last month, grain exporter association Anec said on Thursday, citing a weak domestic currency and trade tensions between the United States and China for bolstering business for local farmers. Brazil's April soy
Published 06 May, 2018 12:00am
Aluminium market to rebalance, prices to hold steady
Exchange

Aluminium market to rebalance, prices to hold steady

Aluminium market deficits are set to deepen, but the market is likely to rebalance once the dust settles after US sanctions on Russian producer Rusal, leaving prices little changed, a Reuters poll showed. Prices on the London Metal Exchange soared by a th
Published 06 May, 2018 12:00am
Palladium eyes two record years, but rally seen topping out

Palladium eyes two record years, but rally seen topping out

The rally in palladium, last year's star performer among precious metals, is tipped to lose steam in the years to come as appetite for the metal abates after its surge to record highs, a Reuters poll showed on Thursday. The poll of 28 analysts and traders
Published 06 May, 2018 12:00am
China launches 'emergency' campaign to boost soya output

China launches 'emergency' campaign to boost soya output

China is taking extra efforts to increase its soyabean output this year amid an ongoing trade spat with the United States that threatens to curb imports from its second supplier. China is the world's top buyer and consumer of soyabeans, with most used to
Published 06 May, 2018 12:00am
CBOT corn futures up

CBOT corn futures up

Chicago Board of Trade corn futures ended higher Thursday on technical buying and worries about crop weather in South America, including dry conditions stressing second-crop corn in Brazil and harvest-slowing rains in Argentina, traders said. CBOT July co
Published 06 May, 2018 12:00am
European gasoline margins steady as ARA stocks drop

European gasoline margins steady as ARA stocks drop

Gasoline refining margins in northwest Europe were stable on Thursday as ARA stocks dropped in the past week on firming export demand. Total oil product stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub
Published 06 May, 2018 12:00am
Indonesia's March palm oil output likely to fall
Vegetable Oil

Indonesia's March palm oil output likely to fall

The output of palm oil from Indonesia, the world's top producer, likely fell slightly in March, while exports were expected to be a bit higher, a Reuters survey showed on Thursday. Indonesia is forecast to have produced 3.34 million tonnes of palm oil in
Published 06 May, 2018 12:00am
CBOT soyabean futures higher

CBOT soyabean futures higher

Chicago Board of Trade soyabean futures rose on Thursday, turning higher in the final 15 minutes of the trading session on a mix of technical buying and optimism about the outcome of US trade talks with top global soya buyer China, traders said. CBOT July
Published 06 May, 2018 12:00am
Heavy rains slow Argentine soya harvest
Exchange

Heavy rains slow Argentine soya harvest

Heavy rains over recent days in Argentina slowed soyabean harvesting in central and southern parts of the Pampas grains belt while dryness in northern areas allowed for rapid harvesting, the Buenos Aires Grains Exchange said on Thursday. The showers did n
Published 06 May, 2018 12:00am
Shanghai steel futures climb almost two months peaks
Exchange

Shanghai steel futures climb almost two months peaks

Shanghai steel futures climbed to their strongest level in almost two months on Thursday, before ending nearly flat, as falling stockpiles at trader underlined strong demand in the world's top consumer. Steelmaking raw materials also jumped, with coking c
Published 06 May, 2018 12:00am
Brazil's drought hits second harvest of corn

Brazil's drought hits second harvest of corn

Brazilian farmers who cultivate the annual second harvest of corn face the prospect of lower yields and crop failure due to drought affecting fields in top producing states, analysts and a weather forecaster said on Wednesday. Second corn is planted after
Published 06 May, 2018 12:00am
Indian rice prices rise, Thai's fall and Vietnam's flat

Indian rice prices rise, Thai's fall and Vietnam's flat

Rice export prices in India rose as demand picked up, while rates for the Thai variety eased amid prospects of a healthy harvest, even as top exporters looked to clinch a possible deal with the Philippines. Rates for India's 5 percent broken parboiled ric
Published 06 May, 2018 12:00am
Cotton market: Top buyers, sellers stay on sidelines
Cotton

Cotton market: Top buyers, sellers stay on sidelines

Leading participants were on the sidelines on the cotton market on Saturday in absence of motivating factors, dealers said. The official spot rate was unchanged at Rs 7500, they added. A kind of dullness prevailed on the market as both buyers and sellers
Published 06 May, 2018 12:00am
Palm oil prices fall on European vegoils market
Vegetable Oil

Palm oil prices fall on European vegoils market

Palm oil prices on the European vegetable oils market were mostly weaker on Thursday, tracking a decline in Malaysian futures to a 16-month low. Dealers said weak demand for Malaysian exports was weighing on sentiment and there were signs that a fall in p
Published 06 May, 2018 12:00am
China's steel rebar futures hit near two-month high
Exchange

China's steel rebar futures hit near two-month high

China's steel rebar futures soared to the highest level in eight weeks on Wednesday, buoyed by a firm physical market that helped run down inventories amid ongoing supply constraints. The most-active rebar contract for October delivery on the Shanghai Fut
Published 06 May, 2018 12:00am
CBOT wheat futures rise

CBOT wheat futures rise

Chicago Board of Trade wheat futures rose Thursday on technical buying including short-covering, coupled with worries about the size of the hard red winter wheat crop in top producer Kansas, traders said. CBOT July soft red winter wheat settled up 11-1/4
Published 06 May, 2018 12:00am
Vietnam's coffee discounts expand, Indonesia's premiums tighten

Vietnam's coffee discounts expand, Indonesia's premiums tighten

A jump in London's coffee prices extended discounts for Vietnam coffee amid weak demand and tightened Indonesia premiums during an ongoing mini harvest, traders said on Thursday. Premiums for Indonesia's grade 4 defect 80 robusta retreated to $70-$80 a to
Published 06 May, 2018 12:00am
Brazil's April soya exports surpass 10 million tonnes

Brazil's April soya exports surpass 10 million tonnes

Brazil's soyabean exports surpassed 10 million tonnes in April, government data showed on Wednesday, close to an all-time monthly record as local farmers begin to benefit from a trade dispute between China and the United States.
Published 06 May, 2018 12:00am
Algeria to end import ban on mobiles, food, home appliances

Algeria to end import ban on mobiles, food, home appliances

Algeria plans to lift a ban on imports of cell phones, household appliances and food and bring in high customs duties instead, its trade minister said on Monday, a new attempt to generate more tax revenue to ease pressure on state finances. The North Afri
Published 06 May, 2018 12:00am
Euronext wheat rises to 7-month high

Euronext wheat rises to 7-month high

Euronext wheat extended gains on Thursday to its highest in almost seven months, as adverse crop conditions in several major production zones worldwide and weakness in the euro supported prices. December milling wheat, the new-crop benchmark and most acti
Published 06 May, 2018 12:00am
Record heat has not yet damaged Ukraine's grain crops

Record heat has not yet damaged Ukraine's grain crops

Unusually hot and dry weather across almost all Ukrainian regions has not yet damaged grain crops but there is no reason to expect a bumper harvest of early spring grains this year, a senior weather forecaster said on Thursday. Favourable weather this mil
Published 06 May, 2018 12:00am
Brazil's CS cane crop likely to fall to 580m tonnes

Brazil's CS cane crop likely to fall to 580m tonnes

Brazil's 2018/19 center-south cane crop is expected to fall to 580 million tonnes from 588 million tonnes in the previous season due to a reduction in planted area and stagnant cane productivity, the Brazilian government said on Thursday.
Published 06 May, 2018 12:00am
Tokio Marine plans to increase euro corporate bonds
Currency

Tokio Marine plans to increase euro corporate bonds

Tokio Marine & Nichido Fire Insurance plans to increase its holdings of foreign bonds in the year to March, focusing on euro corporate bonds and floating rate dollar bonds, senior investment planning officials said on Thursday. The core unit of Tokio Mari
Published 06 May, 2018 12:00am
Tokio Marine plans to increase euro corporate bonds
Currency

Tokio Marine plans to increase euro corporate bonds

Tokio Marine & Nichido Fire Insurance plans to increase its holdings of foreign bonds in the year to March, focusing on euro corporate bonds and floating rate dollar bonds, senior investment planning officials said on Thursday. The core unit of Tokio Mari
Published 06 May, 2018 12:00am
Treasury yields flat ahead of debt supply

Treasury yields flat ahead of debt supply

US Treasury yields were little changed on Friday after dropping to multiweek lows, supported by US equity gains as investors believed a weaker-than-expected jobs report will not deter the Federal Reserve from raising interest rates at the June meeting. Yi
Published 06 May, 2018 12:00am
Buffett says US, China will avoid acting 'extremely foolish' on trade

Buffett says US, China will avoid acting 'extremely foolish' on trade

Billionaire Warren Buffett on Saturday said it is unlikely that the United States and China will come to loggerheads on trade, and the countries would avoid doing "something extremely foolish." "The United States and China are going to be the two superpow
Published 06 May, 2018 12:00am
Sudan fuel shortage hikes black market prices
Currency

Sudan fuel shortage hikes black market prices

Black market fuel prices surged on Saturday in Khartoum and other Sudanese towns as petrol and diesel shortages forced residents to queue for hours outside gas stations. Fuel supplies began dwindling in early April, with officials blaming maintenance dela
Published 06 May, 2018 12:00am
Allianz to stop insuring coal businesses

Allianz to stop insuring coal businesses

German insurance giant Allianz said Friday it would stop insuring coal-fired power plants and mines extracting the fuel, adding that it aims to divest from the sector completely by 2040. "We want to promote the transition to a climate-friendly economy," s
Published 06 May, 2018 12:00am
Allianz to stop insuring coal businesses

Allianz to stop insuring coal businesses

German insurance giant Allianz said Friday it would stop insuring coal-fired power plants and mines extracting the fuel, adding that it aims to divest from the sector completely by 2040. "We want to promote the transition to a climate-friendly economy," s
Published 06 May, 2018 12:00am
Xerox appeals decision blocking Fujifilm deal as CEO returns

Xerox appeals decision blocking Fujifilm deal as CEO returns

Xerox Corp on Friday appealed a New York court ruling to block its deal with Fujifilm Holdings , just hours after the company announced that its ousted CEO and directors would remain in place. Xerox said its entire board and management team would stay, as
Published 06 May, 2018 12:00am
Sterling's April bloom withers in cold data snap
Exchange

Sterling's April bloom withers in cold data snap

Be it Brexit or the global financial crisis, foreign exchange traders have for years bet on a seasonal boost to the British pound in April as a surefire winner in an unpredictable market until this year. For the last 13 years, sterling has consistently ri
Published 06 May, 2018 12:00am
Turkish lira falls to new record low
Currency

Turkish lira falls to new record low

Turkey's lira tumbled as much as 1.5 percent to a record low against the dollar on Friday on nagging worries about the central bank's ability to rein in double-digit inflation and as the US currency made broad gains. Inflation climbed to almost 11 percent
Published 06 May, 2018 12:00am
Dollar hits 2018 high despite weaker jobs data
Currency

Dollar hits 2018 high despite weaker jobs data

The US dollar leaped to its highest levels this year against a basket of currencies on Friday despite disappointing US employment data for April, before dropping back to trade little changed. The US economy added fewer jobs than expected and although the
Published 06 May, 2018 12:00am
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