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Print - 2018-07-03
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Jul, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Jul, 2018 12:00am
Fifty Seven Years of ZTBL - An Uphill Journey
Currency

Fifty Seven Years of ZTBL - An Uphill Journey

Zarai Taraqiati Bank Limited essentially an agriculture bank of the country has gone through various economic phases and leadership eras during past five decades. It has seen many highs and lows and has come a long way since its inception in 1961. Its ear
Published 03 Jul, 2018 12:00am
Asian naphtha rises at two-week high

Asian naphtha rises at two-week high

Asia's naphtha crack rose on Friday to reach a two-week high of $78.13 a tonne supported by a string of demand this week. Apart from Taiwan's two key importers being out in the market this week, South Korea's Hanwha, KPIC, LG Chem, Japan's Idemitsu and Ch
Published 03 Jul, 2018 12:00am
Canadian canola futures lower
Currency

Canadian canola futures lower

ICE Canadian canola futures closed mostly lower on Friday pressured by a stronger Canadian dollar, which tends to make canola less competitive globally, traders said. A late-session slide in allied US soyaabean futures lent pressure. Statistics Canada est
Published 03 Jul, 2018 12:00am
CBOT soyabean futures drop in late trading

CBOT soyabean futures drop in late trading

Chicago Board of Trade soyabean futures dropped to their lowest prices in more than a week on Friday as the market gave up gains late in the trading session and ended lower for the week. Selling ahead of the weekend dragged down prices, after soyabean fut
Published 03 Jul, 2018 12:00am
European gasoline margins fall on weak demand

European gasoline margins fall on weak demand

Benchmark northwest European gasoline refining margins fell on the back of muted demand and a sharp rise in crude prices. Barge activity was largely muted throughout the day with volatility on crude prices throughout the day keeping market participants on
Published 03 Jul, 2018 12:00am
Gold demand improves in India as prices fall

Gold demand improves in India as prices fall

Gold demand improved this week in India as prices fell to their lowest level in nearly three months, while demand elsewhere in Asia remained tepid as investors waited for prices to fall further. Gold futures in India were trading at around 30,419 rupees (
Published 03 Jul, 2018 12:00am
Euronext wheat futures jump as French crop forecast cut

Euronext wheat futures jump as French crop forecast cut

Euronext wheat futures jumped on Friday as traders reported that consultancy Strategie Grains had slashed its forecast for this year's French wheat harvest. December milling wheat, the most active position on Paris-based Euronext, settled 4.50 euros, or 2
Published 03 Jul, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,566. The traded value of Metals, Energy and COTS/FX was recorded at PKR2.125billion and the number of lots traded was 3,403. Major business was contributed by currencies t
Published 03 Jul, 2018 12:00am
Brazil's coffee stocks at lowest level since 2012

Brazil's coffee stocks at lowest level since 2012

Coffee stocks in Brazil, the world's top producer and exporter, were at 9.82 million 60-kg bags at the end of the 2017/18 crop, 0.4 percent less than at the same time a year ago and the lowest level since 2012, according to a report on Thursday. A study p
Published 03 Jul, 2018 12:00am
CBOT corn futures rise

CBOT corn futures rise

Chicago Board of Trade corn futures rose on Friday on technical buying and concerns that unfavorably hot weather will threaten the developing US crop, traders said. CBOT September corn ended up 5-1/4 cents at $3.59-1/2 a bushel, while new-crop December co
Published 03 Jul, 2018 12:00am
Rainfalls bring relief to China's parched corn fields

Rainfalls bring relief to China's parched corn fields

Recent rainfalls in China's northeast region have provided relief to the parched fields after drought threatened to cut crop yields in one of the world's top corn producers. China's Ministry of Agriculture and Rural Affairs reduced its forecast for corn o
Published 03 Jul, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 262,528 tonnes of cargo comprising 199,314 tonnes of import cargo and 63,214 tonnes of export cargo including 4,518 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 199
Published 03 Jul, 2018 12:00am
CBOT wheat futures hit two-week high

CBOT wheat futures hit two-week high

Chicago Board of Trade wheat futures reached their highest price in two weeks on Friday on a smaller forecast for France's harvest and technical buying, traders said. CBOT September soft red winter wheat settled up 17-3/4 cents at $5.01-1/4 per bushel. Th
Published 03 Jul, 2018 12:00am
'Hall of Fame' for Dravid, Ponting and Taylor

'Hall of Fame' for Dravid, Ponting and Taylor

Former captains Rahul Dravid of India and Australia's Ricky Ponting have been inducted in the ICC Cricket Hall of Fame together with England women's wicketkeeper-batter Claire Taylor, the world governing body said Monday. Dravid and Ponting both scored mo
Published 03 Jul, 2018 12:00am
Australia's Stanlake tears through Pakistan for easy win

Australia's Stanlake tears through Pakistan for easy win

Australian fast bowler Billy Stanlake demolished Pakistan's top order with four quick wickets to set up a nine-wicket win on Monday in the second match of the Zimbabwe Twenty20 Tri-Series. Stanlake took 4 for 8 in his opening burst, the most economical sp
Published 03 Jul, 2018 12:00am
Salah's new contract shows belief in Liverpool: Klopp

Salah's new contract shows belief in Liverpool: Klopp

Egyptian international Mohamed Salah's stunning first season with English Premier League side Liverpool earned him a long-term contract with the club on Monday. Liverpool manager Jurgen Klopp said the fact the 26-year-old striker - who scored 44 goals in
Published 03 Jul, 2018 12:00am
Froome cleared of doping, free to race Tour de France

Froome cleared of doping, free to race Tour de France

British rider Chris Froome was cleared of doping allegations on Monday and authorised to compete in the Tour de France after organisers lifted a ban on the four-times winner. Kenyan-born Froome, 33, said he is now looking forward to attempting to win a fi
Published 03 Jul, 2018 12:00am
Neymar steers Brazil into World Cup quarters

Neymar steers Brazil into World Cup quarters

Neymar scored a stylish opener and set up substitute Roberto Firmino for a late second as Brazil cruised into the quarter-finals of the World Cup with a 2-0 win over Mexico on Monday. Bidding for a record-extending sixth title in Russia, Brazil weathered
Published 03 Jul, 2018 12:00am
Federer breezes in Wimbledon furnace, Stephens crashes

Federer breezes in Wimbledon furnace, Stephens crashes

Defending champion Roger Federer marked the start of his 20th successive Wimbledon with a new look and a comfortable 6-1, 6-3, 6-4 win over Serbia's Dusan Lajovic on Monday. Top seed Federer marched out on Centre Court dressed for the first time in gear d
Published 03 Jul, 2018 12:00am
Mexican peso fall
Currency

Mexican peso fall

The Mexican peso and stock market both fell over 1 percent on Monday after leftist presidential candidate Andres Manuel Lopez Obrador handily won election while his allies picked up a significant number of congressional seats.
Published 03 Jul, 2018 12:00am
Euro slips in Asia
Currency

Euro slips in Asia

The euro slipped back in Asian trade on Monday after German Chancellor Angela Merkel was dealt a fresh blow when her interior minister offered to quit in an escalating row over migration policy. Interior Minister Horst Seehofer, who has called for tougher
Published 03 Jul, 2018 12:00am
Early trade in New York: dollar starts Q3 on a positive note
Currency

Early trade in New York: dollar starts Q3 on a positive note

The dollar started the third quarter on a positive note on Monday, benefiting from mounting global trade tensions, as investors scooped up the greenback as a safe-haven bet. "For now, mounting fears about a trade war have supported the dollar, particularl
Published 03 Jul, 2018 12:00am
Dollar rises towards a one-year high in Europe
Currency

Dollar rises towards a one-year high in Europe

The dollar edged higher on Monday, closing in on last week's one-year high, as investors ramped up bets that escalating trade tensions between the US and its trade partners will hurt the world's biggest economy the least for now. Tension is growing ahead
Published 03 Jul, 2018 12:00am
Sri Lankan rupee lower
Currency

Sri Lankan rupee lower

The Sri Lankan rupee closed slightly weaker on Monday in dull trade as thin dollar demand from importers and banks outpaced little inflows from inward remittances, dealers said. The rupee ended at 158.35/45 per dollar, compared with Friday's close of 158.
Published 03 Jul, 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. 83.75-83.75 (Previous 83.70-83.75).
Published 03 Jul, 2018 12:00am
Central Europe's liquid currencies down

Central Europe's liquid currencies down

Central Europe's liquid currencies fell, with the forint hitting record lows against the euro on Monday as Germany's coalition crisis prompted yet more selling of Central European assets. Germany's ruling coalition has been shaken by a conflict over migra
Published 03 Jul, 2018 12:00am
Sterling slumps as Brexit crunch nears
Currency

Sterling slumps as Brexit crunch nears

Sterling fell toward an eight-month low against the dollar on Monday after stronger-than-expected manufacturing sector data failed to temper investors' concerns about a Brexit cabinet meeting later in the week. The pound has slumped recently because of we
Published 03 Jul, 2018 12:00am
Chinese yuan falls as US tariff deadline looms
Currency

Chinese yuan falls as US tariff deadline looms

Chinese yuan fall amid worries the trade row could put the economy on the skids after a battering on Monday in an ominous start to July, days before US tariffs on Chinese exports are due to take effect. Investors are jittery ahead of a July 6 deadline whe
Published 03 Jul, 2018 12:00am
Aussie, kiwi Subdued
Currency

Aussie, kiwi Subdued

The Australian and New Zealand dollars hovered near recent lows on Monday as weakness in Chinese asset prices combined with concerns about global trade tensions to curb risk appetites. The Australian dollar dipped back to $0.7382, after running into resis
Published 03 Jul, 2018 12:00am
Oil price hit Saudi market, Dubai hurt by property stocks

Oil price hit Saudi market, Dubai hurt by property stocks

An oil price slump hit Saudi stocks, the Gulf's best performing market this year, on Monday while the Dubai exchange gave up its early gains due to renewed selling of property stocks. Oil prices fell following comments from the White House that the leader
Published 03 Jul, 2018 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks closed down over two percent on Monday as Chinese stocks tumbled ahead of the expected imposition of US tariffs and confidence among Japan's biggest manufacturers slipped. The benchmark Nikkei 225 index dropped 2.21 percent, or 492.58 points,
Published 03 Jul, 2018 12:00am
Sri Lankan shares post worst fall in 28 months

Sri Lankan shares post worst fall in 28 months

Sri Lankan shares fell over 1 percent on Monday, the sharpest in nearly 28 months, as continued foreign selling and concerns about lower economic growth hurt sentiment, stockbrokers said. Foreign investors sold the island nation's risky assets for an eigh
Published 03 Jul, 2018 12:00am
Most Southeast Asian stocks fall

Most Southeast Asian stocks fall

Most Southeast Asian stock markets fell on Monday, tracking Asian peers as escalating Sino-US trade tensions and a private survey showing a slowdown in Chinese manufacturing growth hurt investor sentiment. The Caixin/Markit Manufacturing Purchasing Manage
Published 03 Jul, 2018 12:00am
Australian shares lower; New Zealand flat

Australian shares lower; New Zealand flat

Australian shares edged lower on Monday as financials offset gains in real estate stocks on the first trading day of the country's new financial year. The S&P/ASX 200 index fell 0.3 percent, or 16.8 points, to close at 6,177.8.
Published 03 Jul, 2018 12:00am
Indian shares down

Indian shares down

Indian shares ended lower on Monday, dragged down by profit-booking in market heavyweights, as sentiment across the globe slid on political developments and factory surveys. The benchmark BSE index closed down 0.45 percent at 35,264.41.
Published 03 Jul, 2018 12:00am
China stocks tumble

China stocks tumble

Chinese stocks closed down sharply on Monday, with investors selling on weaker-than-expected economic data and nervously eyeing the next phase in the US-China trade dispute. The benchmark Shanghai Composite Index shed 2.52 percent, or 71.86 points, to 2,7
Published 03 Jul, 2018 12:00am
European shares fall as trade worries and German politics bite

European shares fall as trade worries and German politics bite

European shares fell on Monday as worries about US trade policies and concerns about German Chancellor Angela Merkel's coalition government weighed on sentiment. Economic data also failed to reassure investors with euro zone factory growth slowing to an 1
Published 03 Jul, 2018 12:00am
German 10-year bond yields dip

German 10-year bond yields dip

German 10-year bond yields dipped to five-week lows on Monday, pushed down by political uncertainty in Germany, trade war fears and an expectation that the ECB could buy more long-dated bonds from next year to keep euro zone borrowing costs in check. Anal
Published 03 Jul, 2018 12:00am
German 10-year bond yields dip

German 10-year bond yields dip

German 10-year bond yields dipped to five-week lows on Monday, pushed down by political uncertainty in Germany, trade war fears and an expectation that the ECB could buy more long-dated bonds from next year to keep euro zone borrowing costs in check. Anal
Published 03 Jul, 2018 12:00am
FTSE falls as trade tensions simmer

FTSE falls as trade tensions simmer

Britain's index of leading shares began July on a negative note as worries over global trade kept the pressure on banking and mining stocks, though Micro Focus was lifted by news of the sale of one its software businesses. The blue chip FTSE 100 index end
Published 03 Jul, 2018 12:00am
Carrefour, Tesco in joint alliance

Carrefour, Tesco in joint alliance

Carrefour and Tesco, two of Europe's largest retailers, said Monday they plan to form a purchasing alliance to increase their leverage with suppliers in a fiercely competitive supermarket sector. The French and British supermarket giants said in a joint s
Published 03 Jul, 2018 12:00am
Malaysia freezes hundreds of bank accounts linked to 1MDB

Malaysia freezes hundreds of bank accounts linked to 1MDB

Malaysia has frozen hundreds of bank accounts believed linked to sovereign wealth fund 1MDB, officials said Monday, as they stepped up an anti-graft probe that could engulf former prime minister Najib Razak.
Published 03 Jul, 2018 12:00am
BP launches $28 billion Azerbaijan gas pipeline

BP launches $28 billion Azerbaijan gas pipeline

British oil giant BP has opened a new $28-billion gas pipeline in Azerbaijan, the company said Monday, in a project expected to reduce European dependence on Russian supplies.
Published 03 Jul, 2018 12:00am
Dell becomes public company five years after buyout

Dell becomes public company five years after buyout

Dell, the onetime leader in personal computers and tech industry stalwart, said Monday it will become publicly traded five years after a contentious private equity buyout.
Published 03 Jul, 2018 12:00am
US manufacturing solid in June but trade fears persist: ISM

US manufacturing solid in June but trade fears persist: ISM

US demand remains robust, helping to keep the manufacturing sector growing solidly in June but concerns about trade policies, rising prices and dwindling employment weighed on industry, according to an industry survey on Monday.
Published 03 Jul, 2018 12:00am
Largest US business group attacks Trump on tariffs

Largest US business group attacks Trump on tariffs

The US Chamber of Commerce, the nation's largest business lobbying group and customarily a close ally of President Donald Trump's Republican Party, is launching a campaign on Monday to oppose Trump's trade tariff policies.
Published 03 Jul, 2018 12:00am
EU warns US of boomerang effect if Trump imposes car levies

EU warns US of boomerang effect if Trump imposes car levies

The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of US exports.
Published 03 Jul, 2018 12:00am
Asian factories lose momentum

Asian factories lose momentum

Asian exporters lost momentum last month even before tariffs on US and Chinese goods kick in this week, pressuring regional factory activity in a worrying sign the Trump administration's "America First" protectionist policies could derail global growth.
Published 03 Jul, 2018 12:00am
Mexico turns page with win for leftist 'AMLO'

Mexico turns page with win for leftist 'AMLO'

Mexico entered a new political era Monday after anti-establishment leftist Andres Manuel Lopez Obrador won the presidency in a landslide, leaving a divided nation split between elation and worry - the latter reflected in market jitters.
Published 03 Jul, 2018 12:00am
Palestinian killed by Israeli forces

Palestinian killed by Israeli forces

Israeli soldiers opened fire on four Palestinians who infiltrated from the Gaza Strip on Monday and sought to set an unmanned sniper post ablaze, killing one of them, the military said. "Troops spotted the infiltration, monitored the incident and pursued
Published 03 Jul, 2018 12:00am
US cuts aid to Zimbabwe action groups ahead of election

US cuts aid to Zimbabwe action groups ahead of election

The United States said Monday it had cut funding to three Zimbabwean civil action groups citing "possible misuse" of money ahead of July 30 elections, the first vote since Robert Mugabe was ousted.
Published 03 Jul, 2018 12:00am
China aims to outstrip NASA with super-powerful rocket

China aims to outstrip NASA with super-powerful rocket

China is working on a super-powerful rocket that would be capable of delivering heavier payloads into low orbit than NASA, a leading Chinese space expert was quoted as saying Monday.
Published 03 Jul, 2018 12:00am
Australia ends direct aid to Palestinian Authority

Australia ends direct aid to Palestinian Authority

Australia ended direct aid to the Palestinian Authority on Monday over fears it could be used to support people convicted of political violence. Canberra will halt the Aus$10 million ($7.5 million) per year it gave to the World Bank's trust fund for Pales
Published 03 Jul, 2018 12:00am
'Cats' choreographer Gillian Lynne dies

'Cats' choreographer Gillian Lynne dies

British choreographer Gillian Lynne, who was best known for her work on the long-running musicals "Cats" and "Phantom of the Opera, has died aged 92, her husband said. Lynne died on Sunday at the Princess Grace Hospital in London.
Published 03 Jul, 2018 12:00am
Canadian PM Trudeau denies groping reporter

Canadian PM Trudeau denies groping reporter

Canadian Prime Minister Justin Trudeau has responded for the first time to an allegation of sexual misconduct dating back almost two decades, saying he does not recall any "negative interactions" on the day in question. The avowed feminist was asked on Su
Published 03 Jul, 2018 12:00am
UN envoy in Yemen for talks with rebels on port

UN envoy in Yemen for talks with rebels on port

The UN envoy for Yemen was in Sanaa on Monday for talks with rebels aimed at finding a solution to fighting in the port city of Hodeida, which the insurgents hold. Martin Griffiths is set to meet with the Iran-allied Huthi rebels, who control the capital
Published 03 Jul, 2018 12:00am
Thai boys trapped in cave found alive after nine days Underground

Thai boys trapped in cave found alive after nine days Underground

Twelve boys and their football coach trapped in a flooded Thai cave for nine days were found alive late Monday, sparking elation after days of painstaking searching by specialist divers through muddy waters and winding tunnels.
Published 03 Jul, 2018 12:00am
US sticks to goal of cutting Iran oil exports to zero
Currency

US sticks to goal of cutting Iran oil exports to zero

The United States remains determined to force Iran to change its behaviour by cutting its oil exports to zero, the State Department said Monday, despite resistance from importing countries. Brian Hook, the senior official leading negotiations with US alli
Published 03 Jul, 2018 12:00am
Five more beaten to death in India lynchings

Five more beaten to death in India lynchings

Indian police said Monday they have arrested 23 people after five men were bludgeoned to death by a crazed mob in yet another horrific lynching to rock the country. Local media estimate more than 25 people have been killed in recent months in similar case
Published 03 Jul, 2018 12:00am
FBI foils US independence day attack by Al-Qaeda sympathizer

FBI foils US independence day attack by Al-Qaeda sympathizer

The FBI announced Monday the arrest of a professed supporter of Al-Qaeda who was planning to target members of the US military and their families with a bomb attack on a July 4 parade in Cleveland, Ohio. The Federal Bureau of Investigation said Demetrius
Published 03 Jul, 2018 12:00am
Iran president in Europe to rally support for nuclear deal

Iran president in Europe to rally support for nuclear deal

Iranian President Hassan Rouhani arrived in Switzerland on Monday at the start of European trip billed as of "prime importance" after the US pulled out of the 2015 nuclear deal between Tehran and world powers. The tour, which also includes a stop in Austr
Published 03 Jul, 2018 12:00am
Middle East crude benchmarks lower

Middle East crude benchmarks lower

The Middle East crude benchmarks started July trading at lower premiums than the previous month with traders awaiting official selling prices from producers.
Published 03 Jul, 2018 12:00am
Copper hits seven-month low as US, China trade tensions rumble
Currency

Copper hits seven-month low as US, China trade tensions rumble

Copper prices hit seven-month lows on Monday as the market priced in weaker demand in top consumer China, which is embroiled in the trade spat with the United States even as its manufacturing sector slows. Benchmark copper ended down 1.6 percent at $6,523
Published 03 Jul, 2018 12:00am
Oil falls as OPEC output rises, more production planned

Oil falls as OPEC output rises, more production planned

Oil futures fell Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid escalating trade disputes with the United States. A flurry of announcements over the weekend unsettled oil markets. Global benchmark Brent fe
Published 03 Jul, 2018 12:00am
Tokyo rubber falls

Tokyo rubber falls

Benchmark Tokyo rubber futures fell on Monday, dragged by lingering worries about increasing stocks in consuming nations such as Japan and China, the world's biggest rubber buyer, brokers said. Tokyo Commodity Exchange (TOCOM) futures traded not far from
Published 03 Jul, 2018 12:00am
Palm oil rebounds on weaker output
Vegetable Oil

Palm oil rebounds on weaker output

Malaysian palm oil futures moved into positive territory on Monday evening, reversing losses as traders forecast declining monthly production in the world's second-largest producer. The market had fallen earlier in the session, tracking crude oil prices t
Published 03 Jul, 2018 12:00am
Arabica coffee at 4-1/2 years low, raw sugar sinks
Currency

Arabica coffee at 4-1/2 years low, raw sugar sinks

Raw sugar futures on ICE tumbled more than 5 percent on Monday, with the most-active contract taking its biggest one-day dive on heavy fund selling triggered by a fall below the key 12-cent level, while arabica coffee tapped a 4-1/2-year low.
Published 03 Jul, 2018 12:00am
Gold edges lower in Asia

Gold edges lower in Asia

Gold prices edged lower on Monday as the dollar firmed after last week's US inflation data supported the Federal Reserve's outlook for future interest rate increases. Spot gold was 0.3 percent lower at $1,248.98 an ounce as of 0644 GMT.
Published 03 Jul, 2018 12:00am
Gold falls back towards 6-month low in Europe

Gold falls back towards 6-month low in Europe

Gold slipped back towards its lowest in more than six months on Monday as the currencies of key consumers weakened, making it more expensive for them to buy dollar-priced bullion.
Published 03 Jul, 2018 12:00am
US MIDDAY: soyabeans, corn down

US MIDDAY: soyabeans, corn down

US corn and soyabean futures fell to within a few cents of contract lows on Monday on strong US crop prospects and on concerns that trade fights with key export partners would curb export demand. Wheat also fell as rising supplies from the US winter crop
Published 03 Jul, 2018 12:00am