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Print - 2018-06-05
Trump asserts 'absolute right' to pardon himself

Trump asserts 'absolute right' to pardon himself

US President Donald Trump aggressively hardened his defense against the Special Counsel Robert Mueller's investigation Monday, branding the probe "unconstitutional" and declaring that he has an "absolute right" to pardon himself of any crime.
Published 05 Jun, 2018 12:00am
Pillion-riding banned tomorrow

Pillion-riding banned tomorrow

The Sindh government has imposed ban on pillion-riding in Karachi and Hyderabad on 21st Ramazan, Youm-e-Ali for security of the mourning processions. The ban has been imposed for 24 hours after applications were received by the Home department from the hi
Published 05 Jun, 2018 12:00am
LHC moved against statement of facebook owner Mark

LHC moved against statement of facebook owner Mark

A bar member Shahid Jamal has approached the Lahore High Court against the statement of facebook owner Mark Zakarberg that the fake accounts could influence the general elections in Pakistan.
Published 05 Jun, 2018 12:00am
PPP election board discusses South Punjab candidates

PPP election board discusses South Punjab candidates

Pakistan Peoples Party (PPP) Central Election Board met at Bilawal House, here on Monday, to discuss nominations of the party candidates from South Punjab for next general elections.
Published 05 Jun, 2018 12:00am
Cabinet members: Caretaker CM begins consultation on names

Cabinet members: Caretaker CM begins consultation on names

Caretaker chief minister Sindh Fazul-ur-Rehman has begun consultation on the names of provincial cabinet members. According to the official at CM House, Shahadat Awan, Ahmed Shah of Arts Council, former Justice Ghulam Sarwar of Thar Commission, Ashfaq Mem
Published 05 Jun, 2018 12:00am
Shahbaz slams unprovoked Indian firing

Shahbaz slams unprovoked Indian firing

Pakistan Muslim League-Nawaz (PML-N) President Muhammad Shahbaz Sharif has strongly condemned the unprovoked firing by the Indian army on Sialkot working boundary. Expressing a deep sense of sorrow and grief over the martyrdom of a woman and the girl-chil
Published 05 Jun, 2018 12:00am
'Environmental degradation emerging as bigger challenge'

'Environmental degradation emerging as bigger challenge'

Punjab Chief Minister Shahbaz Sharif on Monday said that environmental degradation and climate changes have emerged as a bigger challenge and added that it has become a stumbling block in the formation of a healthy society.
Published 05 Jun, 2018 12:00am
Provision of water to tail-enders to be ensured: CM Sindh

Provision of water to tail-enders to be ensured: CM Sindh

Caretaker Sindh Chief Minister Fazul-ur-Rehman has said that since there is water shortage in the country, therefore there should be sagacious distribution of water up to the tail-enders and to the city of Karachi. This, he said, on Monday while presiding
Published 05 Jun, 2018 12:00am
ITU striving hard to make country a knowledge economy: VC

ITU striving hard to make country a knowledge economy: VC

Machine learning and Artificial Intelligence laboratory of Information Technology University (ITU) the Punjab is striving hard to make Pakistan a knowledge economy under the guidance of a group of PhD scientists by extending training to young engineers to
Published 05 Jun, 2018 12:00am
PFA seals vermicelli sale point

PFA seals vermicelli sale point

The Punjab Food Authority (PFA) sealed a vermicelli sale point, a ketchup manufacturing unit and two water filtration plants on the charges of not coming up to the rules of hygiene. According to details a ketchup manufacturing unit was sealed on the charg
Published 05 Jun, 2018 12:00am
FIA arrests four over alleged trading of human organs

FIA arrests four over alleged trading of human organs

The Federal Investigation Agency (FIA) claimed on Monday to have arrested four human organ trade agents from the provincial capital who were allegedly working with Indian doctors for illegal kidney and liver transplantation.
Published 05 Jun, 2018 12:00am
SBP issues 'White Label ATMs' guidelines

SBP issues 'White Label ATMs' guidelines

The State Bank of Pakistan (SBP) has issued "White Label ATMs Guidelines" in order to promote Electronic Fund Transfers and encourage the growth of off-site ATMs. To facilitate the general public in accessing cash related services via ATM, it has been dec
Published 05 Jun, 2018 12:00am
PIA issues legal notice to three TV channels

PIA issues legal notice to three TV channels

PIA has issued legal notice to three TV channels under Section 8 of the Defamation Ordinance 2002, and Pakistan Penal Code 1860 in response to the false, libellous and defamatory statements published/aired/telecasted through news programmes and consequent
Published 05 Jun, 2018 12:00am
Habib Jan Baloch returns

Habib Jan Baloch returns

Disgruntled leader of PPP, Habib Jan Baloch on Monday said that he will support Bilawal Bhutto if he disobeys Asif Ali Zardari. Habib Jan Baloch reached Karachi Airport from London and he was allowed to come out after an hour interrogation by the FIA.
Published 05 Jun, 2018 12:00am
Fresh currency notes: 85 percent of booking completed in four days

Fresh currency notes: 85 percent of booking completed in four days

The SMS service, launched by State Bank of Pakistan (SBP), for issuance of fresh note for Eid-ul-Fitr 2018 attracts a huge response and some 85 percent of booking has been completed in four days. This service launched on 31st May 2018 has attracted a book
Published 05 Jun, 2018 12:00am
Bilawal, Asifa obtain nomination papers

Bilawal, Asifa obtain nomination papers

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari and his sister Asifa Bhutto will make their debut in the general elections 2018 as the siblings have obtained their nomination papers. Bilawal will take part in polls from Larkana NA-200 and Lya
Published 05 Jun, 2018 12:00am
PBIF chief urges government to take water saving measures

PBIF chief urges government to take water saving measures

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has urged the government to take early measures to save water, in order to save our country's each sector and our coming generations. He said that Pakistan is basically an a
Published 05 Jun, 2018 12:00am
KATI greets caretaker Sindh CM

KATI greets caretaker Sindh CM

Patron-in-chief of Korangi Association of Trade & Industry (KATI), S M Muneer, President Tariq Malik, SVP Salman Aslam and VP Junaid Naqi congratulated the caretaker Chief Minister Sindh, Fazlur Rehman on his appointment for the slot.
Published 05 Jun, 2018 12:00am
Partly Facetious: Examining the verdict

Partly Facetious: Examining the verdict

"So the date of elections is 25 July and the order given by a single judge of the Lahore High Court was suspended by the Supreme Court though the date of hearing is not yet known."
Published 05 Jun, 2018 12:00am
LHC issues notice over 'Nota'

LHC issues notice over 'Nota'

The Lahore High Court on Monday issued notices to the Election Commission of Pakistan and federal law minister for June 12 in response to a petition challenging the unavailability of option "Nota" (none of the above) in the ballot papers for the July 25 g
Published 05 Jun, 2018 12:00am
'Caretaker government to release funds for ongoing projects'

'Caretaker government to release funds for ongoing projects'

Caretaker government would release funds for development projects under Public Sector Development Programme (PSDP) approved by the previous government. This was stated by Development Budget Advisor of Ministry of Planning, Development and Reforms Asif She
Published 05 Jun, 2018 12:00am
Telenor develops customer integration lab at its campus

Telenor develops customer integration lab at its campus

Telenor Pakistan has developed an industry-first customer integration lab at its campus '345' for identifying areas of improvement and generating ideas for innovation that will work towards introducing practical and desirable products and services to deli
Published 05 Jun, 2018 12:00am
OGDCL, KUFPEC sign MoU

OGDCL, KUFPEC sign MoU

Oil & Gas Development Company Limited (OGDCL) and Kuwait Foreign Petroleum Exploration Company (KUFPEC) today announced a strategic cooperation initiative for evaluating future potential business opportunities in international upstream exploration and pro
Published 05 Jun, 2018 12:00am
Melting snow: Isra starts releasing water to provinces

Melting snow: Isra starts releasing water to provinces

With an unprecedented rise in temperatures in Skardu in June and substantial increasing inflows due to melting snow, the Indus River System Authority (Irsa) on Monday started release of water to the provinces in accordance with indents.
Published 05 Jun, 2018 12:00am
FC authorities hold interactive session with FATA youth

FC authorities hold interactive session with FATA youth

The Frontier Corps authorities arranged an interactive session with FATA youth and notables under the auspices of sector command center and apprised them about ongoing development projects in the belt. The event was organized on the special directive of I
Published 05 Jun, 2018 12:00am
Water level at Tarbela Dam increases

Water level at Tarbela Dam increases

A considerable increase on Monday has been recorded in the water level of Tsrbela Dam Lake which remained on dead level for many days. On Monday morning the recorded water level was 1400.81 cusec while the power generation of the dam reached 1232 megawatt
Published 05 Jun, 2018 12:00am
KP government alleged for irregularities in artists' stipend

KP government alleged for irregularities in artists' stipend

A group of Artists, writers and poets of Khyber Pakhtunkhwa alleged the irregularities in distribution of monthly stipend among the artists community and demanded of the NAB Khyber Pakhtunkhwa and other accountability institutions to conduct an impartial
Published 05 Jun, 2018 12:00am
NTDC's system unable to draw full generation of power

NTDC's system unable to draw full generation of power

The country's power sector constraints at transmission and distribution level and rising temperatures are said to be the key reasons for tripping of grid stations and transformers across the country. An official told Business Recorder that NTDC's s
Published 05 Jun, 2018 12:00am
KMBL inks agreement with AKRSP

KMBL inks agreement with AKRSP

Khushhali Microfinance Bank (KMBL) has entered in to an agreement with Aga Khan Rural Support Programme (AKRSP) for value chain partnership in Gilgit-Baltistan region. Under this agreement, AKRSP will support KMBL in developing customized financials servi
Published 05 Jun, 2018 12:00am
CJP takes notice of fire incidents at Margalla Hills

CJP takes notice of fire incidents at Margalla Hills

Chief Justice Mian Saqib Nisar on Monday took notice of the incidents of fire eruption at Margalla Hills, posing serious threats to the forest, wildlife and environment in general. The CJP issued notices to the attorney general for Pakistan, secretary env
Published 05 Jun, 2018 12:00am
Deadline for biometric transfer of vehicles extended

Deadline for biometric transfer of vehicles extended

Director General Excise Akram Ashraf Gondal has extended deadline for biometric transfer of vehicles up to 1st of July. The department was set to launch it by the 1st of May which could not happen due to a delay in installation of system. As a result, the
Published 05 Jun, 2018 12:00am
PRC distributes 'Ramazan food packages'

PRC distributes 'Ramazan food packages'

On the directions of Chairman PRC, Dr Saeed Elahi, Pakistan Red Crescent (PRC) has distributed Ramadan food packages among 300 needy and poor families in collaboration with Turkish Red Crescent. A ceremony was held in which representatives of Pakistan Red
Published 05 Jun, 2018 12:00am
All centres procuring wheat from farmers: DC Lahore

All centres procuring wheat from farmers: DC Lahore

Deputy Commissioner Lahore Sameer Ahmed Syed has said that all four wheat procurement centres in Lahore are distributing jute bags and procuring wheat from farmers. While talking to media on Monday, he disclosed that so far 214,490 jute bags have been dis
Published 05 Jun, 2018 12:00am
WWF-Pakistan seeks complete ban on illegal fishing

WWF-Pakistan seeks complete ban on illegal fishing

The WWF-Pakistan sought a complete ban on illegal fishing in the country's seawaters in line with the UN resolution adopted last year 2017. The UN's resolution is about "Observance of the International Day for the Fight against Illegal, Unreported and Unr
Published 05 Jun, 2018 12:00am
Call to dissolve committees formed by PTI government in KP

Call to dissolve committees formed by PTI government in KP

PPP's Senator Khanzada Khan has demanded the transfer and removal of officials appointed in different districts and tehsils during the former Pakistan Tehreek-e-Insaf (PTI) led government in Khyber Pakhtunkhwa, to conduct the next general elections proces
Published 05 Jun, 2018 12:00am
LHC acquits man convicted for stabbing

LHC acquits man convicted for stabbing

The Lahore High Court on Monday acquitted Shah Hussain, son of a senior lawyer, convicted for an attempt to kill his female fellow student of law. A judicial magistrate on July 29, 2017 had sentenced Shah Hussain to seven-year imprisonment under section 3
Published 05 Jun, 2018 12:00am
LESCO employees stage protest

LESCO employees stage protest

The Lahore Electric Supply Company (LESCO) employees protested against appointment of a corrupt officer as Sub Division Officer (SDO) on Monday. Banners were displayed by the employees to show their displeasure over the appointment of the controversial of
Published 05 Jun, 2018 12:00am
SC disposes of contempt of court plea against Rehman

SC disposes of contempt of court plea against Rehman

The Supreme Court on Monday disposed of a contempt of court application against former interior minister and Pakistan Peoples Party (PPP) senior leader, Rehman Malik, after he stated that he had returned the amount of perks and privileges to the Parliamen
Published 05 Jun, 2018 12:00am
Team of B&MG foundation to visit Pakistan this year

Team of B&MG foundation to visit Pakistan this year

A team of the Bill & Melinda Gates foundation may visit Pakistan by October-November this year to study the Connected Agriculture Platform Punjab (CAPP), a smart mobile phone application, launched by the Punjab Agriculture Department to enable the farmers
Published 05 Jun, 2018 12:00am
KLM launches 11-seater family passenger car

KLM launches 11-seater family passenger car

New entrant in Pakistan auto sector renowned South Korean auto manufacturer, KIA Lucky Motors Pakistan fulfilling its commitment under Auto Industry Policy has launched its new Grand Carnival 11-seaters family passenger car and one tonne pick up in CBU fo
Published 05 Jun, 2018 12:00am
Call to strengthen Saarc by political engagement

Call to strengthen Saarc by political engagement

SAARC Chamber of Commerce and Industry's senior vice president Iftikhar Ali Malik has said that the SAARC, a regional organization cannot progress in isolation and called to strengthen the means for practical engagement with other Asians and with selectiv
Published 05 Jun, 2018 12:00am
CL&RC joins hands with Royal College of Pathologists of Australia

CL&RC joins hands with Royal College of Pathologists of Australia

Citi Lab & Research Center (CL&RC) and Royal College of Pathologists of Australia (RCPA-QAP) developed a collaboration to promote quality testing for public in Pakistan. This project of Royal College of Pathologists of Australia (PCPA-QAP) in partnership
Published 05 Jun, 2018 12:00am
UAF, GCWUF sign MoU

UAF, GCWUF sign MoU

The University of Agriculture Faisalabad (UAF) and Government College Women University Faisalabad (GCWUF) on Monday inked a Memorandum of Understanding to collaborate in academia and research. The MoU was duly signed by UAF Vice Chancellor Dr Muhammad Iqb
Published 05 Jun, 2018 12:00am
Saaf Pani Company case: NAB summons Shahbaz again on June 25

Saaf Pani Company case: NAB summons Shahbaz again on June 25

The National Accountability Bureau (NAB) has again summoned Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif on June 25, in an inquiry pertaining to Saaf Pani Company. The NAB had called Shahbaz Sharif on Monday but he did not appear. However
Published 05 Jun, 2018 12:00am
'No corruption in funds of TB control programme'

'No corruption in funds of TB control programme'

Director General Health Services Dr Munir Ahmed has said that provincial TB Control Programme does not directly spent 90 percent of the funds provided by Global Fund and National TB Control Programme (NTP).
Published 05 Jun, 2018 12:00am
UVAS holds basic veterinary clinical, diagnostic training

UVAS holds basic veterinary clinical, diagnostic training

The Pet Centre of the University of Veterinary and Animal Sciences (UVAS) Lahore organised a five-day training on "Basic Clinical and Diagnostic Skills in Small Animal Practice" under the project titled "In-service Training Facility of Advance Veterinary
Published 05 Jun, 2018 12:00am
EC Punjab seeks Rangers' deployment

EC Punjab seeks Rangers' deployment

The Election Commission Punjab has sought deployment of Pakistan Rangers in its vicinity to avoid security risk during the receiving of nomination papers, the sources said. According to the sources, the EC Punjab has written a letter to the provincial Hom
Published 05 Jun, 2018 12:00am
TDAP facilitates three-member Morocco team

TDAP facilitates three-member Morocco team

Trade Development Authority of Pakistan (TDAP), Regional Division (Central), facilitated the visit of a three-member delegation from Morocco to meet with the Pakistan Football Federation here in Lahore. Morocco has submitted its bid for hosting FIFA 2026
Published 05 Jun, 2018 12:00am
ITU, Wasa sign MoU

ITU, Wasa sign MoU

Information Technology University (ITU) the Punjab, Lahore is all set to develop smart solutions pertaining to water related projects for Water & Sanitation Agency (WASA), Lahore Development Authority (LDA), of Housing Urban Development & Public Health En
Published 05 Jun, 2018 12:00am
Solution of country's problems lies in democracy: Shahbaz

Solution of country's problems lies in democracy: Shahbaz

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif Monday said that democracy will be promoted, if elections are held in free and fair manner according to schedule. "Solution of problems confronted to the country and nation lies in democracy,"
Published 05 Jun, 2018 12:00am
Hosiery machines: FMC Mayor hints at withdrawal of municipal tax

Hosiery machines: FMC Mayor hints at withdrawal of municipal tax

A formal notification to withdraw enhanced municipal tax on hosiery machines will be issued within next couple of days while municipal staff has been directed to postpone the recoveries till the issuance of the proper notification, said Muhammad Razaq Mal
Published 05 Jun, 2018 12:00am
PFC, Malaysian furniture makers to sign MoU soon

PFC, Malaysian furniture makers to sign MoU soon

Malaysian furniture makers and Pakistan Furniture Council (PFC) will ink a memorandum of understanding (MoU) soon to further enhance collaboration to class modern design furniture to compete in international market by making them cost and quality efficien
Published 05 Jun, 2018 12:00am
Hinopak Motors Limited
Mutual Funds

Hinopak Motors Limited

Hinopak Motors Limited (PSX: HINO) is a market leader in Pakistan for light and heavy commercial vehicles. The company assembles buses, trucks and a few models of prime movers while Hino's special purpose vehicles are engaged in hauling a variety of suppl
Published 05 Jun, 2018 12:00am
Hinopak Motors Limited
Mutual Funds

Hinopak Motors Limited

Hinopak Motors Limited (PSX: HINO) is a market leader in Pakistan for light and heavy commercial vehicles. The company assembles buses, trucks and a few models of prime movers while Hino's special purpose vehicles are engaged in hauling a variety of suppl
Published 05 Jun, 2018 12:00am
FBR taking steps to resolve tax issues of Japanese investors

FBR taking steps to resolve tax issues of Japanese investors

The Federal Board of Revenue (FBR) is taking steps to resolve the taxation-related issues of Japanese investors, particularly delay in payment of refunds, on the basis of recommendations made by Board of Investment (BOI). Sources told Business Recorder
Published 05 Jun, 2018 12:00am
SC tells government to submit report on water shortage

SC tells government to submit report on water shortage

The Supreme Court Monday sought a comprehensive report from the federal government on the steps taken to overcome the water shortage in the country. The issue of construction of new dams and water shortage is abuzz in media and social media. Chief Justice
Published 05 Jun, 2018 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold prices were barely changed on Monday, supported by a wilting dollar as Italian political risk receded, though the prospect of another rise in US interest rates capped gains. Spot gold was flat at $1,292.90 per ounce by 1:34 p.m. EDT (1734 GMT), while
Published 05 Jun, 2018 12:00am
US MIDDAY: corn and soyabeans slide

US MIDDAY: corn and soyabeans slide

US corn futures fell more than 2 percent on Monday, the biggest single-day slide for the most-active contract in six weeks, on favourable US crop weather and escalating trade tensions, analysts said. Soyabeans and wheat followed the weak trend that spread
Published 05 Jun, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged higher on Monday, supported by a retreat in the dollar as Italian political risk receded, though the prospect of another rise in US interest rates kept a lid on gains. The metal fell on Friday after stronger than expected US payrolls data shore
Published 05 Jun, 2018 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices traded within a narrow range on Monday as lingering concerns about trade wars between the United States and the rest of the world offset expectations of a US interest rate hike this month. Spot gold was nearly unchanged at $1,293.23 per ounce,
Published 05 Jun, 2018 12:00am
Raw sugar tumbles 5 percent, New York cocoa slumps

Raw sugar tumbles 5 percent, New York cocoa slumps

Raw sugar futures on ICE sank 5 percent on Monday, their biggest one-day tumble in more than 13 months after a truckers' strike ended in top grower Brazil, while cocoa prices sank to a three-month low. This was in line with larger markets as the Thomson R
Published 05 Jun, 2018 12:00am
Palm oil drops on poor exports, stockpiles
Vegetable Oil

Palm oil drops on poor exports, stockpiles

Malaysian palm oil futures fell more than 1 percent on Monday as traders were expecting build up in stockpiles due to sluggish export demand. The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 1.31 percent at 2,4
Published 05 Jun, 2018 12:00am
Tokyo rubber rises

Tokyo rubber rises

Benchmark Tokyo rubber futures rose on Monday, helped by a weaker yen against the US dollar and a rally in the Tokyo stock market as strong US jobs data offset fears that trade wars between the United States and the rest of the world could slow global eco
Published 05 Jun, 2018 12:00am
Oil falls 2 percent, US crude hits lowest since early April

Oil falls 2 percent, US crude hits lowest since early April

Oil prices fell about 2 percent on Monday, with US crude touching its lowest level in nearly two months, breaking below technical support levels as investors kept selling amid growing US production, possible global supply growth and nagging trade tensions
Published 05 Jun, 2018 12:00am
Iran sells first cargo of West Karoun oil to Spain's Repsol

Iran sells first cargo of West Karoun oil to Spain's Repsol

Iran has awarded its first cargo of West Karoun oil to Spain's Repsol, two sources familiar with the matter said on Monday, indicating that Tehran is keen to boost its oil exports despite the looming threat of sanctions. The Persian Gulf nation's exports
Published 05 Jun, 2018 12:00am
Copper rises as wage talks start at world's largest mine

Copper rises as wage talks start at world's largest mine

Copper prices rose on Monday, helped by a weaker dollar and the potential for supply problems as wage talks began at the world's largest copper mine. The union at BHP's Escondida mine in Chile said on Friday that it had begun negotiations with a proposal
Published 05 Jun, 2018 12:00am
Shanghai copper hits highest since April

Shanghai copper hits highest since April

Shanghai copper rallied to the highest in more than six weeks on Monday, underpinned by a slightly softer dollar and supply concerns amid wage negotiations at the world's largest copper mine. The union of workers at BHP's Escondida copper mine in Chile sa
Published 05 Jun, 2018 12:00am
Del Potro reaches first French Open quarter-final in six years

Del Potro reaches first French Open quarter-final in six years

Fifth seed Juan Martin del Potro brushed aside John Isner 6-4, 6-4, 6-4 to reach the French Open quarter-finals for the first time since 2012 on Monday. The Argentinian produced an impressive display on Court Suzanne Lenglen, firing 25 winners and making
Published 05 Jun, 2018 12:00am
Sri Lankan rupee steadies
Currency

Sri Lankan rupee steadies

The Sri Lankan rupee ended steady in dull trade on Monday after it hit a record low in the previous session, as dollar selling by banks offset importer demand for the greenback, dealers said. The spot rupee ended at 158.50/60, little changed from Friday's
Published 05 Jun, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 83.70-83.70 (Previous 83.70-83.70).
Published 05 Jun, 2018 12:00am
Euro snaps six-week losing streak in Europe
Currency

Euro snaps six-week losing streak in Europe

The euro edged higher on Friday and looked set to break a six-week losing streak, supported by a drop in Italian bond yields after a revived coalition deal between two anti-establishment parties pulled the country back from snap elections.
Published 05 Jun, 2018 12:00am
Early trade in New York: dollar sinks to two-week low
Currency

Early trade in New York: dollar sinks to two-week low

The dollar fell to a two-week low on Monday, as the easing of political tensions in Italy lifted the euro and as global trade concerns resurfaced after China warned the United States against tariffs or other protectionist measures.
Published 05 Jun, 2018 12:00am
Dollar gains against yen in Asia
Currency

Dollar gains against yen in Asia

The dollar gained against the yen on Monday after the release of an upbeat US jobs report, although uncertainty over potential political risks kept the currency's near-term outlook murky.
Published 05 Jun, 2018 12:00am
Canadian dollar rises
Currency

Canadian dollar rises

The Canadian dollar strengthened against its US counterpart on Monday as the greenback broadly fell and risk appetite improved. At 9:17 a.m. EDT (1317 GMT), the Canadian dollar was trading 0.2 percent, or 77.38 US cents, higher at C$1.2923 to the greenbac
Published 05 Jun, 2018 12:00am
France confirm unchanged World Cup squad

France confirm unchanged World Cup squad

France formally submitted their 23-man squad for the World Cup on Monday, making no changes from the group named in mid-May. None of the original 23 have been replaced by anyone on Didier Deschamps' stand by list. Several top stars failed to make the cut
Published 05 Jun, 2018 12:00am
Historic French basketball court aims to rebound with fan support

Historic French basketball court aims to rebound with fan support

Tucked away in a basement gym in the heart of Paris, one of the world's oldest surviving basketball courts could use some work - and officials are hoping fans around the world are ready to help. The hardwood court on the Rue de Trevise was inaugurated in
Published 05 Jun, 2018 12:00am
FIFA forced to redo Russia World Cup ad

FIFA forced to redo Russia World Cup ad

World football's governing body FIFA admitted on Monday it will have to redo a fancy TV spot for the finals Russia will be hosting for the first time from June 14. The 45-second ad features artsy graphics and suitably momentous music to get fans in the mo
Published 05 Jun, 2018 12:00am
Salah included in final Egypt World Cup squad

Salah included in final Egypt World Cup squad

Liverpool striker Mohamed Salah was included Monday in Egypt's 2018 World Cup squad despite still underdoing treatment for a shoulder injury he suffered in the Champions League final, the Egyptian Football Association said. Salah, who hit a stunning 44 go
Published 05 Jun, 2018 12:00am
Neuer in Germany World Cup squad, Sane left out

Neuer in Germany World Cup squad, Sane left out

Germany have included 2014 World Cup-winning captain and goalkeeper Manuel Neuer in their final squad for the 2018 tournament, even though he has only just returned from a long-term absence through injury. But in a surprise omission, coach Joachim Loew le
Published 05 Jun, 2018 12:00am
Woakes joins Stokes on England injury list

Woakes joins Stokes on England injury list

England seamer Chris Woakes has joined Ben Stokes on the injury list for next weekend's one-day international against Scotland. Woakes, who will be replaced by Tom Curran in the squad to play in Edinburgh, left the field late in England's series-levelling
Published 05 Jun, 2018 12:00am
Smith, Warner set for Global T20 Canada

Smith, Warner set for Global T20 Canada

Disgraced Australia stars Steve Smith and David Warner, both banned from top-flight international cricket for 12 months, were drafted Sunday for the Global T20 Canada event starting June 28. Former Australia captain Smith had already been announced as a m
Published 05 Jun, 2018 12:00am
Cleared Guerrero heads Peru's World Cup squad

Cleared Guerrero heads Peru's World Cup squad

Freed from his doping ban, Peru's captain and main goalscorer Paolo Guerrero was on Monday included in the country's pared-down World Cup squad at the expense of midfielder Sergio Pena. Pena signalled that he had been omitted with a post of his Instagram
Published 05 Jun, 2018 12:00am
Pakistan squad for Scotland T20s announced

Pakistan squad for Scotland T20s announced

Pakistan, the world's top-ranked Twenty20 side, announced a 15-member squad Monday for their two matches against Scotland later this month. There was only one change in the squad from the T20 series against the West Indies in April, with Haris Sohail repl
Published 05 Jun, 2018 12:00am
Sri Lanka names new selectors

Sri Lanka names new selectors

Sri Lanka named a new selectors panel for the national cricket team Monday after gambling allegations against the sport's national board president prompted government intervention. The sports ministry stepped in to manage the Sri Lanka Cricket board last
Published 05 Jun, 2018 12:00am
Injured Serena hands Sharapova last-8 spot

Injured Serena hands Sharapova last-8 spot

Serena Williams announced her shock withdrawal from the French Open through injury on Monday just minutes before her scheduled fourth-round clash against long-time bitter rival and fellow Grand Slam icon Maria Sharapova. The 36-year-old said she had suffe
Published 05 Jun, 2018 12:00am
Nadal reaches quarters

Nadal reaches quarters

Rafael Nadal moved a step closer to an incredible 11th French Open title on Monday by seeing off German Maximilian Marterer in straight sets to reach the quarter-finals. The world number one's 6-3, 6-2, 7-6 (7/4) victory over the world number 70 saw him e
Published 05 Jun, 2018 12:00am
Argentine soya yields drop due to long drought

Argentine soya yields drop due to long drought

Argentine soyabean yields dropped to 2.23 tonnes per hectare as harvesting expanded into areas hardest hit by a four-month drought that ended in April, the Buenos Aires Grains Exchange said in its weekly crop report on Thursday. With 89.3 percent of this
Published 05 Jun, 2018 12:00am
China's rebar steel futures climb to three-month high

China's rebar steel futures climb to three-month high

China's rebar steel futures climbed to their strongest in nearly three months on Friday as falling stockpiles pointed to firm demand in the world's top user, helping rebar and raw material coking coal mark their best week this year. Inventories of constru
Published 05 Jun, 2018 12:00am
Palm oil mixed on European vegoils market
Vegetable Oil

Palm oil mixed on European vegoils market

Palm oil on the European vegetable oils market was offered in a tight range on Friday, as light gains in Malaysian palm oil futures on the back of firmer rival soyaoil were offset by expectations of a rise in Malaysian palm oil stocks in May. Asking price
Published 05 Jun, 2018 12:00am
CBOT soyabean futures higher on technical buying

CBOT soyabean futures higher on technical buying

Chicago Board of Trade soyabean futures closed higher Friday, supported by technical buying after a choppy, back-and-forth session, traders said. CBOT July soyabeans settled up 2-3/4 cents at $10.21-1/4 per bushel but stayed inside the previous day's trad
Published 05 Jun, 2018 12:00am
CBOT wheat futures lower on technical selling

CBOT wheat futures lower on technical selling

Chicago Board of Trade wheat futures closed lower Friday on technical selling and seasonal pressure from the start of the US hard red winter wheat harvest, traders said. CBOT July soft red winter wheat settled down 3 cents at $5.23-1/4 per bushel but stay
Published 05 Jun, 2018 12:00am
Canadian canola futures slide

Canadian canola futures slide

ICE Canadian canola futures dipped on Friday, with the nearby contract pressured by technical selling. The front-month July contract slipped below its 50-day moving average, triggering selling by funds which hold a large long position, a trader said. The
Published 05 Jun, 2018 12:00am
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