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Print - 2018-06-19
PML-N government was in no mood to allow revival of FEL project

PML-N government was in no mood to allow revival of FEL project

The Abbasi-led government was in no mood to allow revival of 120 MW co-generation power project by Fatima Energy Limited (FEL), which insiders claim has been targeted by a 'club' of officials, well-informed sources told Business Recorder.
Published 19 Jun, 2018 12:00am
PML-N government was in no mood to allow revival of FEL project

PML-N government was in no mood to allow revival of FEL project

The Abbasi-led government was in no mood to allow revival of 120 MW co-generation power project by Fatima Energy Limited (FEL), which insiders claim has been targeted by a 'club' of officials, well-informed sources told Business Recorder.
Published 19 Jun, 2018 12:00am
Nawaz, Maryam postpone return

Nawaz, Maryam postpone return

Former prime minister Nawaz Sharif and his daughter Maryam Nawaz may not return home for the time being following deteriorating health condition of ailing Kulsoom Nawaz, who is currently undergoing treatment at a hospital in London. The sources told that
Published 19 Jun, 2018 12:00am
Nawaz, Maryam postpone return

Nawaz, Maryam postpone return

Former prime minister Nawaz Sharif and his daughter Maryam Nawaz may not return home for the time being following deteriorating health condition of ailing Kulsoom Nawaz, who is currently undergoing treatment at a hospital in London. The sources told that
Published 19 Jun, 2018 12:00am
There will be no extension in amnesty deadline: Shamshad

There will be no extension in amnesty deadline: Shamshad

Finance Minister Dr Shamshad Akhtar Monday said the date of amnesty scheme adopted by the government for declaration of assets will not be extended beyond June 30, 2018 deadline. She said this while chairing a meeting with the Board of Directors of Pakist
Published 19 Jun, 2018 12:00am
There will be no extension in amnesty deadline: Shamshad

There will be no extension in amnesty deadline: Shamshad

Finance Minister Dr Shamshad Akhtar Monday said the date of amnesty scheme adopted by the government for declaration of assets will not be extended beyond June 30, 2018 deadline. She said this while chairing a meeting with the Board of Directors of Pakist
Published 19 Jun, 2018 12:00am
There will be no extension in amnesty deadline: Shamshad

There will be no extension in amnesty deadline: Shamshad

Finance Minister Dr Shamshad Akhtar Monday said the date of amnesty scheme adopted by the government for declaration of assets will not be extended beyond June 30, 2018 deadline. She said this while chairing a meeting with the Board of Directors of Pakist
Published 19 Jun, 2018 12:00am
Google to invest $550 million in China e-commerce giant JD.com

Google to invest $550 million in China e-commerce giant JD.com

Google will invest more than half a billion dollars in China''s second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday. The announcement comes as US giant is pushing Google Shopping
Published 19 Jun, 2018 12:00am
Google to invest $550 million in China e-commerce giant JD.com

Google to invest $550 million in China e-commerce giant JD.com

Google will invest more than half a billion dollars in China's second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday. The announcement comes as US giant is pushing Google Shopping,
Published 19 Jun, 2018 12:00am
Google to invest $550 million in China e-commerce giant JD.com

Google to invest $550 million in China e-commerce giant JD.com

Google will invest more than half a billion dollars in China's second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday. The announcement comes as US giant is pushing Google Shopping,
Published 19 Jun, 2018 12:00am
Data leak: ECP writes letter to Nadra chief

Data leak: ECP writes letter to Nadra chief

The Election Commission of Pakistan (ECP) on Monday wrote a letter to National Database Registration Authority (Nadra) chairman Usman Yousaf Mobin over an alleged leak in details of voters for general election 2018. In its letter, the ECP stated that Nadr
Published 19 Jun, 2018 12:00am
Data leak: ECP writes letter to Nadra chief

Data leak: ECP writes letter to Nadra chief

The Election Commission of Pakistan (ECP) on Monday wrote a letter to National Database Registration Authority (Nadra) chairman Usman Yousaf Mobin over an alleged leak in details of voters for general election 2018. In its letter, the ECP stated that Nadr
Published 19 Jun, 2018 12:00am
THE RUPEE: new record lows against dollar
Currency

THE RUPEE: new record lows against dollar

The rupee hit new record lows against the dollar in both the inter-bank market and open market during the shortened week, ended on 14, 2018 due to Eid-ul-fitr holidays. In the inter-bank market, the rupee dropped Rs 1.50 against the dollar for buying and
Published 19 Jun, 2018 12:00am
THE RUPEE: new record lows against dollar
Currency

THE RUPEE: new record lows against dollar

The rupee hit new record lows against the dollar in both the inter-bank market and open market during the shortened week, ended on 14, 2018 due to Eid-ul-fitr holidays. In the inter-bank market, the rupee dropped Rs 1.50 against the dollar for buying and
Published 19 Jun, 2018 12:00am
India to resume military strikes on freedom fighters

India to resume military strikes on freedom fighters

India said Sunday it was resuming military operations against freedom fighters in held Kashmir after a rare 30-day suspension for Ramazan expired, with a top minister blaming freedom fighters attacks. Army operations were halted on May 16 at the start of
Published 19 Jun, 2018 12:00am
India to resume military strikes on freedom fighters

India to resume military strikes on freedom fighters

India said Sunday it was resuming military operations against freedom fighters in held Kashmir after a rare 30-day suspension for Ramazan expired, with a top minister blaming freedom fighters attacks. Army operations were halted on May 16 at the start of
Published 19 Jun, 2018 12:00am
Netanyahu meets King Abdullah in Jordan for rare talks

Netanyahu meets King Abdullah in Jordan for rare talks

Israeli Prime Minister Benjamin Netanyahu and Jordan's King Abdullah II held rare talks in Jordan on Monday focused on the stalled Israeli-Palestinian peace processs and on the Jerusalem issue Jordan and Egypt are the only Arab countries to have peace tre
Published 19 Jun, 2018 12:00am
Netanyahu meets King Abdullah in Jordan for rare talks

Netanyahu meets King Abdullah in Jordan for rare talks

Israeli Prime Minister Benjamin Netanyahu and Jordan's King Abdullah II held rare talks in Jordan on Monday focused on the stalled Israeli-Palestinian peace processs and on the Jerusalem issue Jordan and Egypt are the only Arab countries to have peace tre
Published 19 Jun, 2018 12:00am
The Weather

The Weather

The weather report on Monday (June 18, 2018) and the forecast for Tuesday (June 19, 2018).

Published 19 Jun, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 19 Jun, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 19 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 Jun, 2018 12:00am
Australia's South32 to take over Canada's Arizona Mining

Australia's South32 to take over Canada's Arizona Mining

Mining giant BHP's spin-off South32 is set to buy the remainder of Canada's Arizona Mining for US$1.3 billion to capitalise on "one of the most exciting base metal projects in the industry".
Published 19 Jun, 2018 12:00am
Amazon to create more than 1,000 new jobs in Ireland

Amazon to create more than 1,000 new jobs in Ireland

Amazon will create more than 1,000 more jobs in Ireland over the next two years, it said Monday, vastly increasing its presence in the eurozone country. The US Internet giant said in a statement that the new positions will be created at a new office in ce
Published 19 Jun, 2018 12:00am
US property crisis looms as sea level rises, experts warn

US property crisis looms as sea level rises, experts warn

Along sun-splashed shorelines in the US state of Florida, home prices are on the rise, developers are busy building new complexes, and listings just blocks from the beach describe homes that are "not in a flood zone," meaning no flood insurance is require
Published 19 Jun, 2018 12:00am
France air traffic responsible for third of Europe delays

France air traffic responsible for third of Europe delays

Hindered by strikes and outdated equipment, French air traffic control is responsible for a third of aviation delays in Europe, Le Parisien said Monday, citing a senate finance committee report. Between 2004 and 2016, French air traffic controllers were o
Published 19 Jun, 2018 12:00am
Drought-hit Iraq suspends farming of key crops

Drought-hit Iraq suspends farming of key crops

An unusually bad drought has forced Iraq to suspend the cultivation of rice, corn and other cereals that demand large amounts of water, the agriculture ministry said Monday. "The agricultural plan for the summer" was modified "because the quantities of wa
Published 19 Jun, 2018 12:00am
Over 1.5 million Russians sign petition against pension age hike

Over 1.5 million Russians sign petition against pension age hike

A Russian government proposal to hike the state pension age to 63 for women and 65 for men had as of Monday seen more than 1.5 million people sign a petition against the move. Russian Prime Minister Dmitry Medvedev proposed the highly controversial move,
Published 19 Jun, 2018 12:00am
Japan, South Korea ban Canadian wheat imports over bioengineered plants

Japan, South Korea ban Canadian wheat imports over bioengineered plants

The world's sixth largest wheat producer sought to reassure trading partners on Monday that genetically modified wheat plants discovered on an Alberta farm were few and posed no food safety risks, after Japan and South Korea halted Canadian wheat imports.
Published 19 Jun, 2018 12:00am
Wage growth set to accelerate in booming Dutch economy

Wage growth set to accelerate in booming Dutch economy

Inflation in the Netherlands is set to rise sharply next year as the ongoing economic boom finally starts to drive up wages, the Dutch central bank DNB said on Monday. The euro zone's fifth largest economy is already in its fourth consecutive year of abov
Published 19 Jun, 2018 12:00am
YouTube extends music streaming service to Europe

YouTube extends music streaming service to Europe

YouTube extended its music streaming service to Europe Monday a month after it launched in North America and parts of Asia. YouTube Music will offer Europeans millions of songs and videos advertising-free for a subscription of 9.99 euros a month - 11 perc
Published 19 Jun, 2018 12:00am
UK households see fastest income growth in nine years

UK households see fastest income growth in nine years

British households enjoyed the fastest growth in employment income in at least nine years in June, according to a survey that may give the Bank of England concern that underlying inflation pressures are rising. The Household Finance Index (HFI) from data
Published 19 Jun, 2018 12:00am
Air Arabia drops in Dubai on Abraaj links, most Abu Dhabi banks down

Air Arabia drops in Dubai on Abraaj links, most Abu Dhabi banks down

Stock exchanges in Dubai and Abu Dhabi closed in negative territory on Monday, reflecting a slump in global stocks and oil prices due to increasing trade tensions. Markets in the rest of the region were closed because of the Eid holiday, which started las
Published 19 Jun, 2018 12:00am
Eurozone bond markets steady

Eurozone bond markets steady

Most government bond yields in the eurozone were steady to a touch lower on Monday, capped by the European Central Bank's signalling last week that it will keep interest rates low well beyond the end of its stimulus scheme. Fears that a trade spat between
Published 19 Jun, 2018 12:00am
Eurozone bond markets steady

Eurozone bond markets steady

Most government bond yields in the eurozone were steady to a touch lower on Monday, capped by the European Central Bank's signalling last week that it will keep interest rates low well beyond the end of its stimulus scheme. Fears that a trade spat between
Published 19 Jun, 2018 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell on Monday amid lingering worries over a US-China trade war, while the impact of a strong earthquake that shook western Japan earlier in the day was limited. The benchmark Nikkei 225 index slipped 0.75 percent or 171.42 points to 22,680.3
Published 19 Jun, 2018 12:00am
Sri Lankan stocks hit 14-month low

Sri Lankan stocks hit 14-month low

Sri Lankan shares fell for an eighth consecutive session on Monday to their lowest close in more than a year, as foreign investors sold shares, with block deals boosting the day's turnover. The Colombo stock index ended 0.33 percent weaker at 6,310.51, it
Published 19 Jun, 2018 12:00am
Most South East Asian stocks fall; Manila hits over one-year low

Most South East Asian stocks fall; Manila hits over one-year low

Southeast Asian stock markets fell on Monday, with Vietnam shedding nearly 3 percent and the Philippine index marking its lowest close in more than a year, as escalating US-China trade tensions dampened sentiment. US President Donald Trump on Friday annou
Published 19 Jun, 2018 12:00am
Australian shares up; New Zealand flat

Australian shares up; New Zealand flat

Australian shares finished slightly higher on Monday as gains in financials and real estate stocks outweighed a fall in materials stocks on lower commodities prices. The S&P/ASX 200 index erased small early losses to close 0.2 percent or 10.10 points high
Published 19 Jun, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares fell on Monday as concerns about a global trade war turned investors cautious, with metals and information technology stocks coming under selling pressure. The broader NSE index ended down 0.17 percent at 10,799.85, while the benchmark BSE i
Published 19 Jun, 2018 12:00am
European shares retreat on trade tensions

European shares retreat on trade tensions

European shares fell for a second day on Monday as worries over a trade war between the United States and China continued to keep investors on the edge, while cable maker Nexans plummeted after a profit warning. The STOXX 600 index fell 0.8 percent follow
Published 19 Jun, 2018 12:00am
China funds boost equity exposure, cut bonds

China funds boost equity exposure, cut bonds

Chinese fund managers hiked their suggested equity exposure for the next three months, even as the market environment grew more complex amid the trade war between China and the United States. They raised their suggested equity allocations to 70.6 percent
Published 19 Jun, 2018 12:00am
China funds boost equity exposure, cut bonds

China funds boost equity exposure, cut bonds

Chinese fund managers hiked their suggested equity exposure for the next three months, even as the market environment grew more complex amid the trade war between China and the United States. They raised their suggested equity allocations to 70.6 percent
Published 19 Jun, 2018 12:00am
Oil stocks help FTSE 100 outperform amid trade tensions
Currency

Oil stocks help FTSE 100 outperform amid trade tensions

Britain's top stock index dipped on Monday as trade tensions between the United States and China kept the pressure on equity markets across Europe, weighing on multinational companies. The FTSE 100 fell 0.03 percent to its lowest since May 30 but substant
Published 19 Jun, 2018 12:00am
Forint takes breather

Forint takes breather

The forint and Hungarian government bonds took a breather on Monday after last week's weakening, a day before a meeting of the National Bank of Hungary whose ultra-loose policy has come under fire as US interest rates rise. The dollar's strength continues
Published 19 Jun, 2018 12:00am
Forint takes breather

Forint takes breather

The forint and Hungarian government bonds took a breather on Monday after last week's weakening, a day before a meeting of the National Bank of Hungary whose ultra-loose policy has come under fire as US interest rates rise. The dollar's strength continues
Published 19 Jun, 2018 12:00am
Offshore Chinese yuan falls to five-month lows
Currency

Offshore Chinese yuan falls to five-month lows

China's offshore-traded yuan fell to a fresh five-month low against the dollar on Monday, slipping for the third consecutive day as rising trade tensions between the US and China prompted investors to take bets on further yuan weakness.
Published 19 Jun, 2018 12:00am
South African rand plunges to six-month low
Currency

South African rand plunges to six-month low

South Africa's rand tumbled to a new six-month low on Monday as concerns over the economy following weekend power outages worsened the effects of a global selloff of emerging market currencies. Stocks were also down, led by banks and financials.
Published 19 Jun, 2018 12:00am
Dollar stays near a seven-month peak in Asia
Currency

Dollar stays near a seven-month peak in Asia

The dollar edged up towards a seven-month high on Monday as investors bet the United States and China would avoid a full-blown trade war, although tensions between the two slowed its gains. The dollar index versus a basket of six major currencies crept up
Published 19 Jun, 2018 12:00am
Euro steadies in Europe
Currency

Euro steadies in Europe

The euro stabilized on Monday after last week's big losses but the threat of an escalating global trade war, a dispute in Germany's governing coalition and a more dovish-than-expected ECB all weighed on the single currency.
Published 19 Jun, 2018 12:00am
Sri Lankan rupee holds steady near record low
Currency

Sri Lankan rupee holds steady near record low

The Sri Lankan rupee ended steady on Monday, near the record low hit in the previous session, as dollar demand from importers offset the US currency sales by exporters, dealers said. The spot rupee ended at 159.75/90 per dollar, lower than Thursday's clos
Published 19 Jun, 2018 12:00am
Asian forex: trade tensions, strong dollar weigh heavily
Currency

Asian forex: trade tensions, strong dollar weigh heavily

Emerging Asian exchange rates slipped broadly on Monday with heightening global trade tensions sparking sharp falls in the region's export-correlated currencies. US President Donald Trump said on Friday he was pushing ahead with 25 percent tariffs on $50
Published 19 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 19 Jun, 2018 12:00am
Aussie, kiwi at multi-month lows
Currency

Aussie, kiwi at multi-month lows

The Australian and New Zealand dollars softened to multi-month lows on Monday on a resurgent greenback and amid worries of a US-China trade war after the two countries slapped tariffs on each other's imports. A global trade war will be particularly bad fo
Published 19 Jun, 2018 12:00am
Sterling nears 2018 lows
Currency

Sterling nears 2018 lows

The pound fell on Monday as the dollar strengthened, with traders reluctant to buy sterling before a Bank of England policy meeting this week and another expected parliamentary confrontation over the government's Brexit plans. With an escalating trade dis
Published 19 Jun, 2018 12:00am
Stokes and Woakes to miss rest of Australia ODI series

Stokes and Woakes to miss rest of Australia ODI series

Talismanic England all-rounder Ben Stokes and paceman Chris Woakes will miss the remainder of the One Day International series with Australia the England and Wales Cricket Board (ECB) announced Monday. Stokes' hamstring injury - which he suffered in the l
Published 19 Jun, 2018 12:00am
Sri Lanka gets Australian help to fight doping in sports

Sri Lanka gets Australian help to fight doping in sports

Sri Lanka has launched a joint effort with Australia's anti-doping agency to tackle drug cheats, including athletes using traditional medicines to hide banned substances, officials said Monday. The Australian Sports Anti-Doping Authority (ASADA) will give
Published 19 Jun, 2018 12:00am
Koreas to form joint teams at Asian Games

Koreas to form joint teams at Asian Games

North and South Korea agreed Monday to form unified teams for some sports at the upcoming Asian Games - a move which highlights the rapprochement on the peninsula that began with the Winter Olympics. At their historic summit in April, North Korean leader
Published 19 Jun, 2018 12:00am
Pakistan junior squash team leaves for Malaysia

Pakistan junior squash team leaves for Malaysia

Pakistan's Junior Squash team left for Malaysia to participate in two major junior Squash championships scheduled from June 20 to July 01, 2018. Seven Junior Squash players from Peshawar would participate in the U-13, U-15, U-17 and U-19 events of the CMS
Published 19 Jun, 2018 12:00am
VAR penalty gives Sweden narrow win over South Korea

VAR penalty gives Sweden narrow win over South Korea

Sweden coach Janne Andersson said his side's decisive penalty in their opening match against South Korea on Monday was so obvious there was no need for the use of VAR. The Scandinavian side won 1-0 in Nizhny Novgorod thanks to captain Andreas Granqvist's
Published 19 Jun, 2018 12:00am
Ronaldo bust swapped at Madeira airport

Ronaldo bust swapped at Madeira airport

The controversial bronze bust of Cristiano Ronaldo at the airport on Madeira which bears his name has been replaced, Portuguese media reported on Monday. "This bust is much better than the other one, that's what everyone thinks," Hugo Aveiro, brother of t
Published 19 Jun, 2018 12:00am
Neuer powerless to stop Mexico

Neuer powerless to stop Mexico

Manuel Neuer, Germany's Captain Fantastic, returned to competitive football on Sunday on the biggest stage of all after a nine-month absence but his comeback ended in intense frustration as the world champions lost 1-0 to Mexico.
Published 19 Jun, 2018 12:00am
Lukaku scores twice as Belgium prove too strong for Panama

Lukaku scores twice as Belgium prove too strong for Panama

Romelu Lukaku netted a brace as a much-improved second-half performance gave Belgium an ultimately comfortable 3-0 victory over tournament debutants Panama in their World Cup opener in Sochi on Monday. A moment of inspiration from Dries Mertens set the Be
Published 19 Jun, 2018 12:00am
One dead, three hurt in Dutch music fest hit-and-run

One dead, three hurt in Dutch music fest hit-and-run

A van slammed into pedestrians near a Dutch campsite at a huge music festival early Monday, killing one person and seriously injuring three others just hours after headline act Bruno Mars wowed tens of thousands of fans. The four people were hit around 4:
Published 19 Jun, 2018 12:00am
'Worrying' new focus on nuclear deterrence

'Worrying' new focus on nuclear deterrence

The world's nuclear powers are reducing their arsenals but they are also modernising, putting a fresh and "worrying" focus on strategic deterrence, a Stockholm-based think tank said Monday. "The renewed focus on the strategic importance of nuclear deterre
Published 19 Jun, 2018 12:00am
Israeli planes strike Hamas targets

Israeli planes strike Hamas targets

Israeli warplanes on Monday conducted strikes against nine Hamas "military targets" in the northern Gaza Strip in response to incendiary kites being sent into Israeli territory, the army said. The attacks targeted two Hamas military sites and a munitions
Published 19 Jun, 2018 12:00am
Palestinian killed by Israeli fire

Palestinian killed by Israeli fire

A Palestinian was killed by Israeli fire on Monday near the Gaza Strip's border with Israel, the health ministry in the Hamas-ruled territory said. An Israeli army statement said "several terrorists were injured" in an explosion as they attempted to carry
Published 19 Jun, 2018 12:00am
US-backed Syria rebels seize Captagon in IS drug bust

US-backed Syria rebels seize Captagon in IS drug bust

Syrian rebels backed by the US-led coalition have seized a massive drug stash worth around $1.4 million during operations against the Islamic State group, the alliance said Monday. Maghawir al-Thawra, a rebel faction trained by both the United States and
Published 19 Jun, 2018 12:00am
Iraq force accuses US of killing 22 of its fighters in Syria

Iraq force accuses US of killing 22 of its fighters in Syria

An Iraqi paramilitary force Monday accused the United States of killing 22 of its fighters in an overnight air raid just inside Syria's border with Iraq that a monitor said left dozens dead. "US planes fired two guided missiles at a fixed position of Hash
Published 19 Jun, 2018 12:00am
Three killed in London after being hit by train

Three killed in London after being hit by train

Three people died in south London after being hit by a train, police said Monday, amid reports they may have been graffiti artists. Police said they were treating the deaths as unexplained, but media said spray paint cans were found near the bodies.
Published 19 Jun, 2018 12:00am
Turkey begins military patrols around Syria's Manbij

Turkey begins military patrols around Syria's Manbij

Turkey on Monday said it had started military patrols in an area around the Kurdish-held city of Manbij in northern Syria, in line with an agreement with the United States to scale down tensions in the region. The Turkish army said in a statement that "pa
Published 19 Jun, 2018 12:00am
One dead and dozens missing in Indonesia boat accident

One dead and dozens missing in Indonesia boat accident

At least one person has died and dozens are missing after a ferry carrying 80 people capsized Monday in Indonesia, an official from the national disaster agency said. "Eighteen passengers have been rescued, one is dead," said agency spokesman Sutopo Purwo
Published 19 Jun, 2018 12:00am
Plane, governor's house torched in PNG violence

Plane, governor's house torched in PNG violence

Papua New Guinea has declared a state of emergency in its rugged Southern Highlands after an armed mob went on the rampage, torching a passenger plane and the local governor's house. Police said crowds were angered by a court decision to dismiss a petitio
Published 19 Jun, 2018 12:00am
EU extends Crimea sanctions for another year

EU extends Crimea sanctions for another year

The European Union on Monday rolled over for another year tough sanctions imposed over Russia's 2014 annexation of Crimea from Ukraine. The measures prohibit certain exports and imports, and ban investment and tourism services by EU-based companies in Cri
Published 19 Jun, 2018 12:00am
Somali gets prison in Canada for journalists' kidnapping

Somali gets prison in Canada for journalists' kidnapping

A Canadian judge on Monday sentenced a Somali national to 15 years in prison for his role in the 2008 kidnapping of a Canadian and an Australian journalist. Ali Omar Ader, 40, was arrested in 2015 after being lured to Canada by federal police acting as pu
Published 19 Jun, 2018 12:00am
UK government suffers fresh Brexit defeat, sparking new showdown

UK government suffers fresh Brexit defeat, sparking new showdown

Britain's House of Lords inflicted another defeat on the government Monday over its flagship Brexit bill, sending it back to MPs and setting up a fresh showdown between Prime Minister Theresa May and her pro-European rebels. Unelected peers in the upper h
Published 19 Jun, 2018 12:00am
Copper slips to two-week low on US-China trade tensions

Copper slips to two-week low on US-China trade tensions

Copper eased for a third session on Monday on fears trade tensions between the world's two largest economies could escalate and demand from China could cool after last week's lacklustre data. Benchmark copper on the London Metal Exchange ended 0.8 percent
Published 19 Jun, 2018 12:00am
US shale output seen rising to record 7.34 million bpd in July

US shale output seen rising to record 7.34 million bpd in July

US crude production from major shale formations is expected to rise 141,000 barrels per day (bpd) in July from the previous month to a record 7.34 million bpd, the US Energy Information Administration (EIA) said in a monthly productivity report on Monday.
Published 19 Jun, 2018 12:00am
Oil rises ahead of OPEC, China tariffs loom over US prices

Oil rises ahead of OPEC, China tariffs loom over US prices

Oil prices rose on Monday in volatile trade as market participants lowered their expectations for how much OPEC might increase production and investors assessed the impact of a trade dispute between the United States and China. US crude oil rose 79 cents
Published 19 Jun, 2018 12:00am
Tokyo rubber falls

Tokyo rubber falls

Benchmark Tokyo rubber futures fell on Monday to their lowest in nearly three months as renewed trade tensions between the United States and China raised concerns about slower global economic growth. The TOCOM rubber contract for November delivery finishe
Published 19 Jun, 2018 12:00am
Palm oil plummets on weaker demand, crude oil
Vegetable Oil

Palm oil plummets on weaker demand, crude oil

Malaysian palm oil futures saw their sharpest decline in a week at the close of trade on Monday evening, on the back of weaker export demand and a fall in crude oil prices. The benchmark palm oil contract for September delivery on the Bursa Malaysia Deriv
Published 19 Jun, 2018 12:00am
ICE cocoa drops, arabica coffee down
Currency

ICE cocoa drops, arabica coffee down

Cocoa futures on ICE fell on Monday, partially giving up the prior session's steep gains on selling spurred by much-needed rain in top grower Ivory Coast and a pause in the markets' upward momentum. Arabica coffee fell to a five-week low.
Published 19 Jun, 2018 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices were mostly steady on Monday, holding near a 5-1/2-month low touched in the previous session, as a stronger dollar offset support from an ongoing trade dispute between the world's two largest economies. Spot gold was holding at $1,279.30 per o
Published 19 Jun, 2018 12:00am
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