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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-07-06
MCC (Preventive) Karachi surpasses target

MCC (Preventive) Karachi surpasses target

Model Customs Collectorate (Preventive), Karachi has surpassed the target of Rs 158,868.59 million by Rs 1181.11 million, depicting 16.65% growth in FY 2017-18. According to details, the collection under the head of Customs duty stood at Rs 51,060.65 mill
Published 06 Jul, 2018 12:00am
Djibouti launches 'Africa's biggest free trade zone'

Djibouti launches 'Africa's biggest free trade zone'

Djibouti on Thursday launched the first phase of Africa's biggest free-trade zone, seeking to capitalise on its strategic position on one of the world's busiest trade routes. At a ceremony in the capital, President Ismael Omar Guelleh hailed the scheme as
Published 06 Jul, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (July 05, 2018).

Published 06 Jul, 2018 12:00am
Djibouti launches 'Africa's biggest free trade zone'

Djibouti launches 'Africa's biggest free trade zone'

Djibouti on Thursday launched the first phase of Africa's biggest free-trade zone, seeking to capitalise on its strategic position on one of the world's busiest trade routes. At a ceremony in the capital, President Ismael Omar Guelleh hailed the scheme as
Published 06 Jul, 2018 12:00am
Djibouti launches ''Africa''s biggest free trade zone''

Djibouti launches ''Africa''s biggest free trade zone''

Djibouti on Thursday launched the first phase of Africa''s biggest free-trade zone, seeking to capitalise on its strategic position on one of the world''s busiest trade routes. At a ceremony in the capital, President Ismael Omar Guelleh hailed the scheme
Published 06 Jul, 2018 12:00am
Correction

Correction

This is apropos headline "Wilful default cases: FBR empowered" of a news item on the front page of newspaper's issue of July 5, 2018. It may be read as "Wilful default cases: FIA empowered". The error is regretted.
Published 06 Jul, 2018 12:00am
Correction

Correction

This is apropos headline "Wilful default cases: FBR empowered" of a news item on the front page of newspaper's issue of July 5, 2018. It may be read as "Wilful default cases: FIA empowered". The error is regretted.
Published 06 Jul, 2018 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee was almost unmoved against the dollar on the money market on Wednesday, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 124.00 and Rs 124.50, while it lost 70 paisas versus the euro for buying and sel
Published 06 Jul, 2018 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee was almost unmoved against the dollar on the money market on Wednesday, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 124.00 and Rs 124.50, while it lost 70 paisas versus the euro for buying and sel
Published 06 Jul, 2018 12:00am
Punjab government facing shortage of Rs 71 billion: minister

Punjab government facing shortage of Rs 71 billion: minister

Provincial Caretaker Minister for Finance, Excise and Taxation Zia Haider Rizvi said on Thursday that the centre had not paid the complete share of NFC Award nor were the taxes received according to estimates and the current government is now facing the s
Published 06 Jul, 2018 12:00am
Punjab government facing shortage of Rs 71 billion: minister

Punjab government facing shortage of Rs 71 billion: minister

Provincial Caretaker Minister for Finance, Excise and Taxation Zia Haider Rizvi said on Thursday that the centre had not paid the complete share of NFC Award nor were the taxes received according to estimates and the current government is now facing the s
Published 06 Jul, 2018 12:00am
Punjab government facing shortage of Rs 71 billion: minister

Punjab government facing shortage of Rs 71 billion: minister

Provincial Caretaker Minister for Finance, Excise and Taxation Zia Haider Rizvi said on Thursday that the centre had not paid the complete share of NFC Award nor were the taxes received according to estimates and the current government is now facing the s
Published 06 Jul, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 05, 2018).

Published 06 Jul, 2018 12:00am
Diamer-Bhasha, Mohmand dams: FD opens bank account for raising funds

Diamer-Bhasha, Mohmand dams: FD opens bank account for raising funds

In pursuance of the Supreme Court Order dated 04.07.2018 regarding construction of Diamer-Bhasha and Mohmand Dams, the Finance Division, has opened account under title "Diamer-Bhasha and Mohmand Dam Fund-2018" bearing account No. 03-593-299999-001-4 and I
Published 06 Jul, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 05, 2018).

Published 06 Jul, 2018 12:00am
Diamer-Bhasha, Mohmand dams: FD opens bank account for raising funds

Diamer-Bhasha, Mohmand dams: FD opens bank account for raising funds

In pursuance of the Supreme Court Order dated 04.07.2018 regarding construction of Diamer-Bhasha and Mohmand Dams, the Finance Division, has opened account under title "Diamer-Bhasha and Mohmand Dam Fund-2018" bearing account No. 03-593-299999-001-4 and I
Published 06 Jul, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (July 05, 2018).

Published 06 Jul, 2018 12:00am
Diamer-Bhasha, Mohmand dams: FD opens bank account for raising funds

Diamer-Bhasha, Mohmand dams: FD opens bank account for raising funds

In pursuance of the Supreme Court Order dated 04.07.2018 regarding construction of Diamer-Bhasha and Mohmand Dams, the Finance Division, has opened account under title "Diamer-Bhasha and Mohmand Dam Fund-2018" bearing account No. 03-593-299999-001-4 and I
Published 06 Jul, 2018 12:00am
Iran to Trump: oil will cost $100 per barrel, and it is your fault

Iran to Trump: oil will cost $100 per barrel, and it is your fault

Oil will soon cost $100 per barrel due to supply disruptions caused by US President Donald Trump, Iran's Opec Governor told Reuters on Thursday, as he warned expectations that Saudi Arabia and Russia would help bring down prices were in vain.
Published 06 Jul, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 05, 2018)

Published 06 Jul, 2018 12:00am
Iran to Trump: oil will cost $100 per barrel, and it is your fault

Iran to Trump: oil will cost $100 per barrel, and it is your fault

Oil will soon cost $100 per barrel due to supply disruptions caused by US President Donald Trump, Iran's Opec Governor told Reuters on Thursday, as he warned expectations that Saudi Arabia and Russia would help bring down prices were in vain.
Published 06 Jul, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 05, 2018).

Published 06 Jul, 2018 12:00am
Iran to Trump: oil will cost $100 per barrel, and it is your fault

Iran to Trump: oil will cost $100 per barrel, and it is your fault

Oil will soon cost $100 per barrel due to supply disruptions caused by US President Donald Trump, Iran''s Opec Governor told Reuters on Thursday, as he warned expectations that Saudi Arabia and Russia would help bring down prices were in vain.
Published 06 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 06 Jul, 2018 12:00am
Postponement of verdict: Sharifs' application to be heard today

Postponement of verdict: Sharifs' application to be heard today

Former Prime Minister Nawaz Sharif and his daughter Maryam Nawaz on Thursday requested the Accountability Court hearing corruption cases against the Sharif family to delay announcement of judgment in the Avenfield reference for seven days. The court said
Published 06 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 06 Jul, 2018 12:00am
Postponement of verdict: Sharifs' application to be heard today

Postponement of verdict: Sharifs' application to be heard today

Former Prime Minister Nawaz Sharif and his daughter Maryam Nawaz on Thursday requested the Accountability Court hearing corruption cases against the Sharif family to delay announcement of judgment in the Avenfield reference for seven days. The court said
Published 06 Jul, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 05, 2018).

Published 06 Jul, 2018 12:00am
SBP's forex reserves plunge by $6 billion in fiscal year 2018

SBP's forex reserves plunge by $6 billion in fiscal year 2018

The State Bank of Pakistan's foreign exchange reserves fell drastically by over six billion dollars during the last fiscal year (FY18), mainly due to external debt servicing and higher current account deficit. Bankers said the start of the last fiscal yea
Published 06 Jul, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 05, 2018).

Published 06 Jul, 2018 12:00am
SBP's forex reserves plunge by $6 billion in fiscal year 2018

SBP's forex reserves plunge by $6 billion in fiscal year 2018

The State Bank of Pakistan's foreign exchange reserves fell drastically by over six billion dollars during the last fiscal year (FY18), mainly due to external debt servicing and higher current account deficit. Bankers said the start of the last fiscal yea
Published 06 Jul, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (July 05, 2018) and the forecast for Friday (July 06, 2018).

Published 06 Jul, 2018 12:00am
SBP''s forex reserves plunge by $6 billion in fiscal year 2018

SBP''s forex reserves plunge by $6 billion in fiscal year 2018

The State Bank of Pakistan''s foreign exchange reserves fell drastically by over six billion dollars during the last fiscal year (FY18), mainly due to external debt servicing and higher current account deficit. Bankers said the start of the last fiscal ye
Published 06 Jul, 2018 12:00am
Credit Suisse to pay $77 million over Chinese nepotism case

Credit Suisse to pay $77 million over Chinese nepotism case

Credit Suisse agreed to pay $77 million to US authorities after admitting it hired the under-qualified relatives of influential Chinese officials in order to win business, the government announced Thursday. The case emerges from the so-called princelings
Published 06 Jul, 2018 12:00am
Credit Suisse to pay $77 million over Chinese nepotism case

Credit Suisse to pay $77 million over Chinese nepotism case

Credit Suisse agreed to pay $77 million to US authorities after admitting it hired the under-qualified relatives of influential Chinese officials in order to win business, the government announced Thursday. The case emerges from the so-called princelings
Published 06 Jul, 2018 12:00am
Credit Suisse to pay $77 million over Chinese nepotism case

Credit Suisse to pay $77 million over Chinese nepotism case

Credit Suisse agreed to pay $77 million to US authorities after admitting it hired the under-qualified relatives of influential Chinese officials in order to win business, the government announced Thursday. The case emerges from the so-called princelings
Published 06 Jul, 2018 12:00am
Uptick in inflation

Uptick in inflation

Pakistan Bureau of Statistics (PBS) recent data shows that inflation has increased to 5.2 percent in June as compared to 4.2 percent in May due to a raise in food and non-food items, including energy. Those PML-N loyalists who may be tempted to lay the bl
Published 06 Jul, 2018 12:00am
Voters' anger

Voters' anger

What started as an unprecedented collaring of Sardar Jamal Leghari by angry and disillusioned voters in his traditional constituency in Dera Ghazi Khan has by now begun to acquire the contours of a movement with momentum. His constituents did not even off
Published 06 Jul, 2018 12:00am
Performance audit of FBR

Performance audit of FBR

In recent days, the Supreme Court of Pakistan ordered the audit of Pakistan Railways and Pakistan International Airlines to find out the causes of rampant corruption and inefficiency in these two loss-making entities. The same is the story of almost every
Published 06 Jul, 2018 12:00am
National water policy

National water policy

Pakistan Council of Research in Water Resources (PCRWR) delivered a grim warning that "water" availability in the country had touched the "water-stress line" in 1990 before crossing the "water scarcity line" in 2005, without positive action the country wo
Published 06 Jul, 2018 12:00am
Inside Qatar's charm offensive to win over Washington

Inside Qatar's charm offensive to win over Washington

There was much bonhomie as a few dozen people, including members of Congress and US administration officials, gathered last week for dinner in a posh Washington neighbourhood in honour of Qatar's foreign minister.
Published 06 Jul, 2018 12:00am
Country needs new dams

Country needs new dams

The seriousness of country's top judge could be judged from the fact that he has personally contributed a handsome amount of money towards efforts aimed at expanding country's water storage capacity. On Wednesday, the apex court directed for construction
Published 06 Jul, 2018 12:00am
Curtain-raising ceremony of 'Pakistan Horticulture Vision 2030' tomorrow

Curtain-raising ceremony of 'Pakistan Horticulture Vision 2030' tomorrow

Curtain raising ceremony of the first ever "Pakistan Horticulture Vision 2030", for the development of horticulture sector, will be held on Saturday in Karachi. It is believed that by adopting this vision the current export revenue of fruits and vegetable
Published 06 Jul, 2018 12:00am
Kaimkhani kicks off PSP campaign in Hyderabad

Kaimkhani kicks off PSP campaign in Hyderabad

President of Pak Sarzameen Party Anees Kaimkhani kicked off the election campaign for the party candidates, here on Thursday. Kaimkhani first visited the residence of Anwar Zaib and offered Fateha on the sad demise of his father Lal Auranzeb, who was the
Published 06 Jul, 2018 12:00am
NH&MP recovers Rs 250,000 lost cash

NH&MP recovers Rs 250,000 lost cash

Living up to its reputation of quality service, the National Highways & Motorway Police recovered lost cash of Rs 250,000. Upon receipt of call from a citizen, Rana Bilal, at 130 helpline, claiming to have lost the stated amount at Service Area Chakri, th
Published 06 Jul, 2018 12:00am
Petition seeking Sindh's division into seven states dismissed

Petition seeking Sindh's division into seven states dismissed

A division bench of Sindh High Court (SHC) Thursday dismissed a petition seeking division of Sindh into seven states or administrative units besides Karachi as an autonomous state by declaring it as non-maintainable.
Published 06 Jul, 2018 12:00am
MQM-P will bag all seats of Hyderabad: claims Kanwar

MQM-P will bag all seats of Hyderabad: claims Kanwar

Deputy Convenor Muttahida Quami Movement (Pakistan) Rabitta Committee Kanwar Naveed Jameel has said that the party would retain its status from Hyderabad and will win all national and provincial assemblies' seats of the city as it enjoys full support of t
Published 06 Jul, 2018 12:00am
Kulsoom's ailment shouldn't be used to blackmail people: Imran

Kulsoom's ailment shouldn't be used to blackmail people: Imran

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Thursday blamed former Prime Minister Nawaz Sharif for projecting his wife's ailment as a tool to emotionally blackmail the people ahead of general election to be held on July 25.
Published 06 Jul, 2018 12:00am
Up to 75 percent humidity to make Karachi weather bad today

Up to 75 percent humidity to make Karachi weather bad today

As the rain-thundershower inundates the upcountry, humid weather continues to soak Karachi with expected temperature up to 36 degrees Celsius in the next 48 hours, the Met Office said on Thursday. Mainly hot and humid weather is expected in the most parts
Published 06 Jul, 2018 12:00am
DRI, UNDP launch election guide

DRI, UNDP launch election guide

Elections have already been almost rigged and manipulated and only the formality of going through motions of polling on July 25 remains. This has been stated by former Senator Farhatullah Babar while speaking here at the launch of election guide by DRI an
Published 06 Jul, 2018 12:00am
ISO-9001:2015 certificate awarded to University of Wah

ISO-9001:2015 certificate awarded to University of Wah

Ceremony for the "Award of ISO-9001:2015 Certificate to University of Wah" (UW) was held at UW on 04 July 2018. Professor Khaliq Ur Rehman Shad, SI(M), Vice Chancellor, University of Wah was the Chief Guest of the Ceremony. Principle Officers, Deans, Dire
Published 06 Jul, 2018 12:00am
Axact fake degree case: accused awarded seven-year imprisonment

Axact fake degree case: accused awarded seven-year imprisonment

A lower court of Islamabad Thursday awarded seven year imprisonment to an accused in the Axact fake degree scandal, including the company's CEO Shoaib Sheikh. District and Sessions Judge Chaudhry Mumtaz Hussain announced the judgment on the conclusion of
Published 06 Jul, 2018 12:00am
NA-206 and PB-17: rind allowed to contest elections

NA-206 and PB-17: rind allowed to contest elections

President Pakistan Tehreek-e-Insaf (PTI) Balochistan, Sardar Yar Mohammad Rind is now free to contest general elections from NA-206 and PB-17. The Supreme Court on Thursday suspended the Balochistan High Court's (BHC) order that barred him from contesting
Published 06 Jul, 2018 12:00am
Pakistan Mango festival held in Rungis market

Pakistan Mango festival held in Rungis market

Pakistan Mango Festival was held on Thursday at the Rungis international market in the outskirts of Paris which was attended by a large number of major wholesale fruit sellers and buyers, who not only supply fruit to the local French market but also cater
Published 06 Jul, 2018 12:00am
Dangerous GLOF; $37 million UNDP-aided project launched

Dangerous GLOF; $37 million UNDP-aided project launched

The Government of Pakistan and United Nations Development Programme (UNDP) launched a new US$37 million project on Thursday that will benefit more than 30 million people with scaled-up early warning systems, training on glacial lake outburst flood (GLOF)
Published 06 Jul, 2018 12:00am
FIA seeks banks' help for resolving 'fake army calls scam'

FIA seeks banks' help for resolving 'fake army calls scam'

The Federal Investigation Agency (FIA) Thursday devised a working strategy with the cooperation of banks representatives to resolve the 'fake army calls scam'. Director FIA chaired a meeting attended by various bank representatives including Regional Oper
Published 06 Jul, 2018 12:00am
'Government fully aware of challenges facing external account'

'Government fully aware of challenges facing external account'

Fitch Ratings, on July 3rd 2018, in a brief analysis report, has highlighted issues pertaining to foreign exchange and current account deficit as factors likely to adversely impact the external account. Elaborating further, the agency appreciated the step
Published 06 Jul, 2018 12:00am
'Government fully aware of challenges facing external account'

'Government fully aware of challenges facing external account'

Fitch Ratings, on July 3rd 2018, in a brief analysis report, has highlighted issues pertaining to foreign exchange and current account deficit as factors likely to adversely impact the external account. Elaborating further, the agency appreciated the step
Published 06 Jul, 2018 12:00am
Air chief meets foreign minister

Air chief meets foreign minister

The Chief of Air Staff, Air Chief Marshal Mujahid Anwar Khan called on the foreign minister at the Ministry of Foreign Affairs on Thursday. During the meeting, matters related to importance of Pakistan's security and foreign policy were discussed.
Published 06 Jul, 2018 12:00am
Penalty on TREC holder: SECP bench maintains order of SMD

Penalty on TREC holder: SECP bench maintains order of SMD

An Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has maintained the order of the Securities Market Division (SMD) SECP for imposition of penalty of Rs 200,000 imposed on a Trading Right Entitlement Certificate (TREC) holder
Published 06 Jul, 2018 12:00am
CNICs for trans: SC directs Nadra to resolve matter within 15 days

CNICs for trans: SC directs Nadra to resolve matter within 15 days

Supreme Court on Thursday directed National Database & Registration Authority (NADRA) to resolve the matter regarding issuance of Computerised National Identity Cards (CNICs) to transgender within 15 days. A three-member bench headed by Chief Justice Mian
Published 06 Jul, 2018 12:00am
Investigation agencies' action won't affect elections: minister

Investigation agencies' action won't affect elections: minister

Minister for Information, Broadcasting, National History and Literary Heritage Barrister Syed Ali Zafar Thursday said it was right of the investigation agencies to act according to law and their actions would not have any effect on the elections.
Published 06 Jul, 2018 12:00am
Mainstreaming of Fata: centre, KP discuss legal, security package

Mainstreaming of Fata: centre, KP discuss legal, security package

Caretaker Chief Minister of Khyber Pakhtunkhwa former Justice Dost Muhammad Khan and the Federal Minister for Law Reforms discussed legal, administrative, the law and order situation, the security and developmental package for mainstreaming the tribal.
Published 06 Jul, 2018 12:00am
CADS launched to help researchers at ITU
Cotton

CADS launched to help researchers at ITU

Launch of Consortium for Applied Data Science (CADS) will help the researchers at Information Technology University (ITU) Punjab to analyse the Data of various sectors gathered by the Punjab Information Technology Board (PITB) to find solutions through on
Published 06 Jul, 2018 12:00am
1,235 awarded degrees at GCU convocation

1,235 awarded degrees at GCU convocation

Girls have secured 26 of 40 academic medals for first positions in different disciplines of BA/BSc (Hons) programme of GC University Lahore. However, boys secured 21 of 24 rolls of honour for excellent performance in co-curricular activities and sports.
Published 06 Jul, 2018 12:00am
Industrial sector: minister for releasing pending NOCs after scrutiny

Industrial sector: minister for releasing pending NOCs after scrutiny

Sindh's caretaker Minister for Environment, Coastal Development and Climate Change, Jameel Yusuf, has directed that all the pending NOCs relating to industrial sector should be released after scrutiny as soon as possible, so that industrial sector can inc
Published 06 Jul, 2018 12:00am
Zaman's career-best 73 sparks Pakistan to victory over Australia

Zaman's career-best 73 sparks Pakistan to victory over Australia

Pakistan's opener Fakhar Zaman blazed his way to a career-best 73 as his side completed a clinical 45-run victory over Australia on Thursday in the Twenty20 tri-series in Zimbabwe. Zaman's knock helped his side race to 194 for 7 before left-arm seamer Sha
Published 06 Jul, 2018 12:00am
Gold holds steady in Asia

Gold holds steady in Asia

Gold prices traded in a narrow range on Thursday, after hitting a one-week high in the previous session, amid an easing dollar and as markets awaited the US Federal Reserve's June policy meeting minutes for outlook on monetary policy. Spot gold held stead
Published 06 Jul, 2018 12:00am
New York cocoa up, arabica coffee at 4-1/2-year low

New York cocoa up, arabica coffee at 4-1/2-year low

New York cocoa futures rose on Thursday, boosted by a weaker US dollar and options-related buying, while persistent fund selling drove arabica coffee to technically oversold levels at the lowest price in more than 4-1/2 years. September New York cocoa set
Published 06 Jul, 2018 12:00am
Malaysian palm oil extends losses
Vegetable Oil

Malaysian palm oil extends losses

Malaysian palm oil futures fell for a third straight session on Thursday, hitting their lowest in a week as traders took a cautious stance over mounting China-US trade war friction and on a lack of bullish news. The benchmark palm oil contract for Septemb
Published 06 Jul, 2018 12:00am
Tokyo rubber hits 21-month low

Tokyo rubber hits 21-month low

Benchmark Tokyo rubber futures fell for a fourth straight session on Thursday and hit a 21-month low, with financial markets jittery a day before China and the United States were set to hit one another with punitive tariffs that risked triggering a full-s
Published 06 Jul, 2018 12:00am
Oil slips as US crude stockpiles show surprise build

Oil slips as US crude stockpiles show surprise build

Oil fell on Thursday after US government data showed an unexpected build in crude oil stockpiles. US crude futures fell $1.20 to settle at $72.94 a barrel, retreating from Tuesday's 3-1/2-year high of over $75. Brent crude futures lost 85 cents to settle
Published 06 Jul, 2018 12:00am
Saudi Arabia raised oil output by around 500,000 bpd in June

Saudi Arabia raised oil output by around 500,000 bpd in June

Saudi Arabia has told OPEC it pumped 10.488 million barrels per day (bpd) of crude oil last month, an increase of 458,000 bpd from the level it said it produced in May, OPEC sources told Reuters on Thursday. Saudi Arabia's total supplies to the market in
Published 06 Jul, 2018 12:00am
Zinc hits one-year low on higher supply expectations

Zinc hits one-year low on higher supply expectations

Zinc prices hit their lowest point in more than a year on Thursday as the market looked ahead to rising supplies, a narrowing deficit and global trade tensions that are expected to weigh on industrial metals overall.
Published 06 Jul, 2018 12:00am
Base metals sink in Shanghai

Base metals sink in Shanghai

Base metals lost more ground on Thursday, with Shanghai zinc and copper slumping to near one-year lows, as the market braced for further US tariffs on Chinese goods from Friday and a tit-for-tat response from Beijing. The most traded August copper contrac
Published 06 Jul, 2018 12:00am
Britain, Russia tensions spike over new nerve agent case

Britain, Russia tensions spike over new nerve agent case

Britain demanded answers from Russia Thursday after a couple was exposed to the same nerve agent used on a former Russian spy and his daughter in an attempted murder blamed on Moscow. But Russia quickly hit back, denouncing Britain for playing "dirty poli
Published 06 Jul, 2018 12:00am
Impeachment decision looms for Romanian president

Impeachment decision looms for Romanian president

The leader of Romania's ruling Social Democrats said Thursday the party will decide next week whether to impeach President Klaus Iohannis for violating the constitution. The governing leftwing coalition accuses Iohannis of the centre-right opposition of d
Published 06 Jul, 2018 12:00am
Fireworks explosions kill 19 in central Mexico

Fireworks explosions kill 19 in central Mexico

At least 19 people were killed in a series of explosions Thursday at fireworks warehouses in the town of Tultepec in central Mexico, including rescue workers who died saving others' lives, officials said. The initial explosion occurred around 9:30 am (143
Published 06 Jul, 2018 12:00am
Death toll from Canada heat wave rises to 33

Death toll from Canada heat wave rises to 33

A heat wave in Quebec has killed 33 people in the past week as high summer temperatures scorched eastern Canada, officials said Thursday. Eighteen of the dead were reported in the provincial capital Montreal, according to regional public health director M
Published 06 Jul, 2018 12:00am
Merkel, Orban clash over EU values with anti-migrant wind blowing

Merkel, Orban clash over EU values with anti-migrant wind blowing

German Chancellor Angela Merkel on Thursday accused Hungary's right-wing Prime Minister Viktor Orban of failing to respect "humanity" with his immigration policy, days after she made key border protection concessions to hardliners who have embraced Budape
Published 06 Jul, 2018 12:00am
May backs close EU trade ties ahead of crucial Brexit meeting

May backs close EU trade ties ahead of crucial Brexit meeting

Prime Minister Theresa May wants to align Britain with EU rules for trade in goods after Brexit, reports said Thursday, setting up a showdown with eurosceptics on the eve of a crucial cabinet meeting intended to finally settle the issue.
Published 06 Jul, 2018 12:00am
French policeman held over killing that sparked riots

French policeman held over killing that sparked riots

A French policeman was detained for questioning Thursday over the fatal shooting of a young man that has sparked two nights of rioting in the western city of Nantes. Burned out cars and broken glass littered the streets after angry youths clashed with pol
Published 06 Jul, 2018 12:00am
Optimism in trade dispute lifts FTSE

Optimism in trade dispute lifts FTSE

Signs of an easing in the trade dispute between the United States and the European Union helped push Britain's top share index up on Thursday with gains in basic materials and energy stocks, while shares in AB Foods fell after a trading update.
Published 06 Jul, 2018 12:00am
TSX edges lower

TSX edges lower

Canada's main stock index edged lower on Thursday, led by declines in heavyweight financial stocks, while materials and energy stocks lost ground due to a drop in commodity prices. At 9:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange's S&P/TSX composit
Published 06 Jul, 2018 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares closed half a percent higher in light trade on Thursday as investors sought bargains in the absence of guidance from financial markets in the United States, which were closed for Independence Day. The S&P/ASX 200 index recouped Wednesday
Published 06 Jul, 2018 12:00am
European shares rise as US tariff suspension hopes boost autos

European shares rise as US tariff suspension hopes boost autos

European shares gained a boost on Thursday as hopes of a softening in US trade rhetoric lifted the car sector, though trading remained cautious ahead of a US deadline to impose tariffs on Chinese goods. The pan-European STOXX 600 index closed with a 0.4 p
Published 06 Jul, 2018 12:00am
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