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Print - 2018-07-28
China's steel rebar prices gain more ground

China's steel rebar prices gain more ground

China's construction steel rebar prices gained more ground on Wednesday to trade near last session's 10-1/2 month high on expectations of lower supplies following the country's crackdown on pollution and higher demand. The most active rebar on the Shangha
Published 28 Jul, 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 Wednesday as stronger Malaysian palm oil futures on the back of bargain buying were offset by expectations that production will increase in July. Asking prices for palm oil wer
Published 28 Jul, 2018 12:00am
Asian naphtha at seven-month high

Asian naphtha at seven-month high

Asia's naphtha physical crack for first-half September recovered on Thursday after easing in the previous day and was now at a seven-month high of $119.60 a tonne due to strong demand and tighter supplies. More than 220,000 tonnes of naphtha were locked i
Published 28 Jul, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 157,849 tonnes of cargo comprising 116,735 tonnes of import cargo and 41,114 tonnes of export cargo including 7,919 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 116
Published 28 Jul, 2018 12:00am
Slow business on cotton market
Cotton

Slow business on cotton market

Trading activity slowed down on the cotton market on Friday as leading mills and spinners were on the sidelines due to less buying interest, dealers said. The official spot rate was unchanged at Rs 9200, they added. Prices of seed cotton in Sindh were at
Published 28 Jul, 2018 12:00am
European wheat prices hit three-year high

European wheat prices hit three-year high

European wheat prices soared to new three-year highs on Wednesday, fuelled by worries that smaller than expected crops in drought-hit Europe and quality problems in the Black Sea could significantly dent global supplies this season. Benchmark December mil
Published 28 Jul, 2018 12:00am
Amazon powers up profits as footprint grows

Amazon powers up profits as footprint grows

Amazon delivered better-than-expected profits Thursday, helping the online colossus shake off the stock market gloom produced by tech rival Facebook. Net profit for Amazon in the past quarter jumped 12-fold to $2.5 billion, far ahead of expectations, as t
Published 28 Jul, 2018 12:00am
Amazon powers up profits as footprint grows

Amazon powers up profits as footprint grows

Amazon delivered better-than-expected profits Thursday, helping the online colossus shake off the stock market gloom produced by tech rival Facebook. Net profit for Amazon in the past quarter jumped 12-fold to $2.5 billion, far ahead of expectations, as t
Published 28 Jul, 2018 12:00am
Britons in debt distress at six-year high

Britons in debt distress at six-year high

The number of people in England and Wales filing for insolvency hit a more than six-year high in the second quarter, adding to conflicting economic signals for Bank of England officials as they consider whether to raise interest rates next week. Seasonall
Published 28 Jul, 2018 12:00am
Truckers' strike hits Indian industry

Truckers' strike hits Indian industry

Indian carmakers Friday said they faced an "unprecedented crisis" due to an ongoing strike by truckers which has caused parts shortages and hit exports. The All India Motor Transport Congress called the strike to press Prime Minister Narendra Modi's gover
Published 28 Jul, 2018 12:00am
Indonesia's president begs exporters to bring earnings back home

Indonesia's president begs exporters to bring earnings back home

Indonesian President Joko Widodo has pleaded with exporters to bring home earnings they currently keep offshore to help manage the rupiah from falling further, the country's finance minister said on Friday. Repatriated earnings could help Southeast Asia's
Published 28 Jul, 2018 12:00am
US economic growth rises to 4.1 percent

US economic growth rises to 4.1 percent

The US economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soyabeans to China to beat retaliatory trade tariffs before they took effect in early July. Gross domestic pro
Published 28 Jul, 2018 12:00am
BHP sells US oil and gas assets to BP for $10.5 billion

BHP sells US oil and gas assets to BP for $10.5 billion

The world's biggest miner BHP announced Friday the sale of its US shale oil and gas operations to BP for US$10.5 billion, a heavy loss but a potential windfall for shareholders. The Anglo-Australian firm spent US$20 billion in 2011 to acquire the assets,
Published 28 Jul, 2018 12:00am
Twitter dives on warning of shrinking user base

Twitter dives on warning of shrinking user base

Twitter shares took a pounding Friday as a warning of a shrinking user base overshadowed news of a third straight quarterly profit. Twitter said it posted a profit of $100 million in the second quarter, following a loss of $116 million a year earlier, as
Published 28 Jul, 2018 12:00am
Trump hails US economic growth spurt, promises more ahead

Trump hails US economic growth spurt, promises more ahead

President Donald Trump on Friday hailed roaring US economic growth as a "miracle," and said the quickest expansion in almost four years was a vindication of his economic agenda. With the size of the American economy now surpassing $20 trillion, GDP expand
Published 28 Jul, 2018 12:00am
Germany thwarts China by taking stake in 50Hertz power firm

Germany thwarts China by taking stake in 50Hertz power firm

The German government said Friday it took a minority stake in electricity transmission firm 50Hertz for "national security" reasons, thwarting Chinese investors from buying into the strategic company. "On national security grounds, the federal government
Published 28 Jul, 2018 12:00am
IMF warns China against aggressive economic stimulus

IMF warns China against aggressive economic stimulus

China must resist taking aggressive stimulus steps as it navigates troubled economic waters as they could add to excessive debt levels leading to an "abrupt adjustment", the International Monetary Fund said Friday. The IMF warning, contained in a policy r
Published 28 Jul, 2018 12:00am
Tokyo stocks rise

Tokyo stocks rise

Tokyo stocks gained Friday on a weaker yen, while investors looked ahead to US GDP data later in the day and the Bank of Japan's policy meeting next week. The benchmark Nikkei 225 index rose 0.56 percent or 125.88 points to close at 22,712.75, marking a w
Published 28 Jul, 2018 12:00am
Friday's early trade: Tech, healthcare stocks weigh on Wall Street

Friday's early trade: Tech, healthcare stocks weigh on Wall Street

US stock indexes were lower on Friday as weak earnings reports from Intel and Twitter dragged on the technology sector and as healthcare stocks were pressured by a clutch of disappointing earnings. Intel sank 8.9 percent after its fast-growing data center
Published 28 Jul, 2018 12:00am
Facebook sends Nasdaq tumbling, but trade optimism boosts Dow

Facebook sends Nasdaq tumbling, but trade optimism boosts Dow

A plunge in Facebook Inc's shares pushed the Nasdaq down more than 1 percent on Thursday, the index's biggest one-day drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.
Published 28 Jul, 2018 12:00am
Australian shares at 10-year high; New Zealand up

Australian shares at 10-year high; New Zealand up

Australian shares closed the week at their highest level since early 2008, with Friday's trading buoyed by news that BHP, the world's biggest miner, had agreed to sell its US shale assets and promised to return all proceeds to its shareholders.
Published 28 Jul, 2018 12:00am
Treasury yields rise

Treasury yields rise

US benchmark Treasury yields traded at six-week highs on Thursday as investors waited for what many analysts expect to be a strong reading of gross domestic product data for the second quarter on Friday. A faster pace of economic growth would make the Fed
Published 28 Jul, 2018 12:00am
Treasury yields rise

Treasury yields rise

US benchmark Treasury yields traded at six-week highs on Thursday as investors waited for what many analysts expect to be a strong reading of gross domestic product data for the second quarter on Friday. A faster pace of economic growth would make the Fed
Published 28 Jul, 2018 12:00am
Indian shares surge to record close

Indian shares surge to record close

Indian shares jumped to record closing highs on Friday, driven by gains in heavyweight ITC Ltd on the back of strong quarterly results, while banks extended rally after lenders lined up to enrol for a scheme for faster bad-loan resolution. The benchmark B
Published 28 Jul, 2018 12:00am
China stocks down as trade worries dent sentiment

China stocks down as trade worries dent sentiment

China stocks ended down on Friday, as investors were cautious amid concerns over the Sino-US trade friction. The blue-chip CSI300 index ended 0.4 percent down at 3,521.23, while the Shanghai Composite Index closed 0.3 percent lower at 2,873.59 points. For
Published 28 Jul, 2018 12:00am
Solid earnings keep European shares at highs

Solid earnings keep European shares at highs

European stocks rose to fresh six-week highs on Friday, helped by an easing of fears over U.S tariffs and some solid company results. Shares in consumer goods company Reckitt Benckiser, supermarket retailer Carrefour, construction group Vinci, BT and bank
Published 28 Jul, 2018 12:00am
Hong Kong stocks flat

Hong Kong stocks flat

Hong Hong stocks ended flat on Friday, as expectations of more stimulus from Beijing offset worries over a China economic slowdown as trade frictions with the United States intensify. The Hang Seng index rose +0.1 percent, to 28,804.28, while the China En
Published 28 Jul, 2018 12:00am
Hat-trick for captain Morgan as US sink Japan

Hat-trick for captain Morgan as US sink Japan

Alex Morgan scored a hat-trick as the United States defeated Japan 4-2 in the opening round of the Tournament of Nations quadrangular competition at Children's Mercy Park in Kansas City on Thursday. US captain Morgan struck in the 18th, 26th and 56th minu
Published 28 Jul, 2018 12:00am
Cherchesov gets two more years as Russia coach

Cherchesov gets two more years as Russia coach

Russian national team football coach Stanislav Cherchesov on Friday saw his contract extended by at least another two years after the side's better-than-expected performance at the World Cup. "The Russian Football Federation announces it has signed a new
Published 28 Jul, 2018 12:00am
Nigeria probes bribery allegation against coach

Nigeria probes bribery allegation against coach

The Nigeria Football Federation (NFF) has launched an investigation into an allegation of bribery against Super Eagles coach Salisu Yusuf, a spokesman said on Friday. The coach was captured in a video receiving cash from investigative journalists posing a
Published 28 Jul, 2018 12:00am
Spain's taxman OKs Ronaldo multi-million tax settlement

Spain's taxman OKs Ronaldo multi-million tax settlement

Spanish tax authorities have given their okay for football superstar Cristiano Ronaldo to pay close to 19 million euros ($22 million) to settle a tax fraud claim, prosecutors said Friday. Prosecutors in Madrid said the deal with tax authorities and Ronald
Published 28 Jul, 2018 12:00am
Pakistan's Archery squad for Asian Games named

Pakistan's Archery squad for Asian Games named

Secretary Pakistan Archery Federation Muhammad Wisal Khan Friday announced the names of the two member squad for the forthcoming 18th Asian Games to be commencing from August 18 to September 2, 2018 at Jakarta, Indonesia. According to Muhammad Wisal Khan
Published 28 Jul, 2018 12:00am
Neymar will bounce back after World Cup: coach

Neymar will bounce back after World Cup: coach

New coach Thomas Tuchel dismissed concerns about dealing with Paris Saint-Germain's "big personalities" on Friday, as he pledged to help Neymar bounce back after a difficult World Cup. The 44-year-old German is taking on a star-studded squad including Ney
Published 28 Jul, 2018 12:00am
Six-match ban for Sri Lanka opener Gunathilaka

Six-match ban for Sri Lanka opener Gunathilaka

Sri Lanka's cricket board Friday slapped a six-match ban on batsman Danushka Gunathilaka for breaching player rules as police investigated the alleged rape of a Norwegian woman in his hotel room. Gunathilaka, 27, was questioned by police on Tuesday after
Published 28 Jul, 2018 12:00am
Thomas extends overall lead as Roglic wins 19th stage

Thomas extends overall lead as Roglic wins 19th stage

Britain's Geraint Thomas stretched his Tour de France yellow jersey lead on Friday as Slovenian Primoz Roglic won the 19th stage on the final day in the mountains to push Chris Froome off the virtual podium. Thomas, who has held the race lead since stage
Published 28 Jul, 2018 12:00am
Cricket Australia hands Langer more selection powers

Cricket Australia hands Langer more selection powers

Australia coach Justin Langer was handed more power Friday in a shake-up of the national cricket selection process following the resignation of Mark Waugh. A streamlined selection panel will now consist of just three people - Langer, Trevor Hohns and Greg
Published 28 Jul, 2018 12:00am
Rashid hits back at Vaughan over 'stupid' comments

Rashid hits back at Vaughan over 'stupid' comments

England leg-spinner Adil Rashid has hit back at Michael Vaughan after the former captain described his selection for the first Test against India as "ridiculous". Rashid was included in a 13-man squad even though he has opted out of playing first-class Co
Published 28 Jul, 2018 12:00am
Kenya to host 2020 IAAF World U-20 championships

Kenya to host 2020 IAAF World U-20 championships

The International Association of Athletics Federations (IAAF) has chosen Kenya to host the 2020 World Under 20 championships, officials said on Friday. The event will come three years after Nairobi staged the U-18 world championships, an event which went
Published 28 Jul, 2018 12:00am
'I didn't take a penny for transplant', says Abidal's cousin

'I didn't take a penny for transplant', says Abidal's cousin

Eric Abidal's cousin has said that he "didn't take a penny" from Barcelona, over allegations the club illegally bought a transplant liver for their former player. Earlier this week, Spanish public prosecutors said they had asked for a probe into the matte
Published 28 Jul, 2018 12:00am
Philippines pulls out of Asian Games in row over brawl

Philippines pulls out of Asian Games in row over brawl

The Philippines national basketball team said Friday it has pulled out of the Asian Games as it prepares to appeal sanctions handed down over a nasty on-court brawl with Australia at a World Cup qualifier. Basketball's governing body FIBA suspended 10 pla
Published 28 Jul, 2018 12:00am
Australia media giants Fairfax and Nine to merge

Australia media giants Fairfax and Nine to merge

Publisher Fairfax Media and Nine Entertainment announced plans to merge Thursday, creating an integrated Australian media giant across television, online video streaming, print, and digital. Under the deal, Nine will effectively be the dominant partner, w
Published 28 Jul, 2018 12:00am
Irish central bank head urges bigger fiscal surplus

Irish central bank head urges bigger fiscal surplus

The Irish Central Bank head advised the government on Friday to target more ambitious fiscal surpluses for the next three years to ensure the rapidly growing economy does not tip into an "unsustainable overheating phase". Ireland is on the verge of balanc
Published 28 Jul, 2018 12:00am
German shoppers fret over trade tensions

German shoppers fret over trade tensions

German consumer confidence is expected to dip slightly in August, a survey said Thursday, as shoppers warily eye an unfolding trade war between the European Union and the United States. Market research firm GfK said its forward-looking poll of around 2,00
Published 28 Jul, 2018 12:00am
Trade war and diesel refits brake Daimler
Currency

Trade war and diesel refits brake Daimler

German automaker Daimler on Thursday reported falling revenues and profits in the second quarter despite selling more cars, as trade war and the cost of refitting manipulated diesel vehicles gnawed at its financial results. The Mercedes-Benz and Smart man
Published 28 Jul, 2018 12:00am
Turkey considers new stimulus as growth seen slowing
Currency

Turkey considers new stimulus as growth seen slowing

President Tayyip Erdogan's government is considering further stimulus measures to address an expected slowdown in growth in coming quarters, two officials said - a move that could raise expectations that fiscal policy will be loosened. The economy expande
Published 28 Jul, 2018 12:00am
US auto sales hit three-year high

US auto sales hit three-year high

The US manufacturing sector rebounded in June, with auto sales posting the largest monthly increase in more than three years, the Commerce Department reported Thursday. The upturn in orders for big-ticket manufactured goods broke a two-month losing streak
Published 28 Jul, 2018 12:00am
SK Hynix posts record quarterly profits

SK Hynix posts record quarterly profits

The world's second-largest memory chipmaker SK Hynix posted record profits in the second quarter, the South Korean company said Thursday, citing strong global demand. Net profit surged 75 percent year-on-year to 4.3 trillion won ($3.8 billion) in the thre
Published 28 Jul, 2018 12:00am
SK Hynix posts record quarterly profits

SK Hynix posts record quarterly profits

The world's second-largest memory chipmaker SK Hynix posted record profits in the second quarter, the South Korean company said Thursday, citing strong global demand. Net profit surged 75 percent year-on-year to 4.3 trillion won ($3.8 billion) in the thre
Published 28 Jul, 2018 12:00am
Spotify reaches 83 million paying subscribers amid continued growth

Spotify reaches 83 million paying subscribers amid continued growth

Top streaming platform Spotify said Thursday that it has reached 83 million paying subscribers, marking steady growth even as the company still struggles to make a profit. The Swedish company unveiled the figure, on the high end of its forecasts, as it re
Published 28 Jul, 2018 12:00am
No extra ECB help for Greece after bailout ends: Draghi

No extra ECB help for Greece after bailout ends: Draghi

European Central Bank chief Mario Draghi on Thursday said Greece was "not eligible" to benefit from the bank's massive monthly bond purchases after the debt-laden country exits its bailout programme in August.
Published 28 Jul, 2018 12:00am
Dollar steadies in Asia
Currency

Dollar steadies in Asia

The dollar steadied on Friday following a rally against its peers overnight, as investors awaited US economic growth data, which could give a fresh catalyst for direction amid a wider focus on global monetary policy and bond yield direction. The dollar in
Published 28 Jul, 2018 12:00am
Dollar strengthens in Europe before US GDP data
Currency

Dollar strengthens in Europe before US GDP data

The dollar rose on Friday to its highest level in five days as investors waited to see if US economic growth figures do anything to interrupt its months of strength. US President Donald Trump has expressed displeasure over the dollar's strength, ignoring
Published 28 Jul, 2018 12:00am
Euro drops most in a month in New York
Currency

Euro drops most in a month in New York

The euro fell on Thursday, declining the most in a month, as the European Central Bank clung to its easy money policy and signalled no change in its timetable to move away from ultra low rates or end its bond purchase program. Sterling, already pressured
Published 28 Jul, 2018 12:00am
Aussie, kiwi down
Currency

Aussie, kiwi down

The Australian and New Zealand dollars nursed hefty losses on Friday, as Sino-US trade concerns refused to fade away and their US counterpart benefited from talk of strong growth figures at home. The Aussie dollar had peeled back to $0.7386, having shed 1
Published 28 Jul, 2018 12:00am
Most Asian currencies muted after ECB outcome

Most Asian currencies muted after ECB outcome

Most Asian currencies were subdued on Friday, with the dollar firm after the European Central Bank stuck to its planned timetable to exit its accommodative monetary policy and investors awaited US economic growth data.
Published 28 Jul, 2018 12:00am
Turkish lira on back foot

Turkish lira on back foot

Turkey's lira was on the back foot on Friday after US President Donald Trump threatened to slap sanctions on Turkey unless it freed an American pastor, prompting an angry response from Ankara and escalating tensions between the two Nato allies.
Published 28 Jul, 2018 12:00am
Sterling registers third weekly drop
Currency

Sterling registers third weekly drop

Sterling nursed losses on Friday and is poised to register its third consecutive weekly loss as concerns about the progress of Brexit negotiations trumped any optimism ahead of a likely interest rate hike next week.
Published 28 Jul, 2018 12:00am
Don't 'Brexit' on AIDS, pleads Bill Clinton

Don't 'Brexit' on AIDS, pleads Bill Clinton

Bill Clinton pleaded with the world Friday not to abandon the campaign to rein in the HIV virus which still kills nearly a million people every year and infects twice as many.
Published 28 Jul, 2018 12:00am
Five killed in Highlands tourist van crash

Five killed in Highlands tourist van crash

Five people including a four-year-old Italian boy have been killed in a car crash in the Scottish Highlands, Police Scotland said Friday. A minibus carrying a group of Italian tourists collided with a 4x4 car carrying elderly passengers on the A96 road be
Published 28 Jul, 2018 12:00am
Catholics slam India rights body over confession ban bid

Catholics slam India rights body over confession ban bid

Catholic leaders in India Friday slammed the national women's rights watchdog for seeking to ban church confessions after two priests were arrested for allegedly raping and blackmailing a woman over 20 years. Two more priests are being investigated in the
Published 28 Jul, 2018 12:00am
Zuma corruption case postponed until end November

Zuma corruption case postponed until end November

South Africa's former president Jacob Zuma appeared in court Friday over a $2.5-billion (2.15-billion-euro) corruption case linked to a 1990s arms deal, but the judge adjourned the case until the end of November.
Published 28 Jul, 2018 12:00am
Blame game blows up over deadly Greek wildfires

Blame game blows up over deadly Greek wildfires

Greek Prime Minister Alexis Tsipras on Friday said he assumed "political responsibility" for the country's deadliest wildfires as a bitter debate raged over who was to blame for the tragedy. The opposition earlier accused the government of refusing to tak
Published 28 Jul, 2018 12:00am
UK halts cooperation with US over IS suspects

UK halts cooperation with US over IS suspects

Britain has suspended cooperation with the United States over two Islamic State terror suspects, the government announced Friday, following concerns that they could face the death penalty. Britain said Monday it was sharing intelligence to help the United
Published 28 Jul, 2018 12:00am
$11,500 reward for killer of pregnant dolphin in Mississippi

$11,500 reward for killer of pregnant dolphin in Mississippi

A reward of up to $11,500 is being offered for information leading to the capture of the person who shot and killed a pregnant dolphin on the US Gulf Coast, the National Oceanic and Atmospheric Administration (NOAA) said.
Published 28 Jul, 2018 12:00am
Ukrainians mark anniversary of Christianity with Moscow-backed event

Ukrainians mark anniversary of Christianity with Moscow-backed event

Tens of thousands of people in Ukraine on Friday took part in events marking the 1,030th anniversary of the Christianisation of the country, marching through Kiev in a religious procession backed by arch enemy Moscow. Clergymen, several pro-Russian opposi
Published 28 Jul, 2018 12:00am
Trump denies knowing about 2016 Russian lawyer meeting

Trump denies knowing about 2016 Russian lawyer meeting

President Donald Trump denied Friday that he knew in advance about a meeting during the 2016 election campaign at which Russians promised to share dirt on his rival Hillary Clinton - shooting back at an explosive allegation by his longtime lawyer.
Published 28 Jul, 2018 12:00am
Five dead in DR Congo plane crash

Five dead in DR Congo plane crash

Five people burned to death after a small passenger aircraft crashed on Friday in southern Democratic Republic of Congo near the border with Angola, a local official said, giving a provisional toll. The piston-engined Antonov 2, operated by local airline
Published 28 Jul, 2018 12:00am
Ethiopia's torn Orthodox church reunites after 27 years

Ethiopia's torn Orthodox church reunites after 27 years

Ethiopian Prime Minister Abiy Ahmed has overseen the reunification of feuding wings of the one of the world's oldest Christian churches, his top aide said Friday. The Ethiopian Orthodox Tewahedo Church split in 1991 over the naming of a new patriarch afte
Published 28 Jul, 2018 12:00am
US-backed Kurd-led alliance in first talks with Damascus

US-backed Kurd-led alliance in first talks with Damascus

A US-backed Kurdish-led alliance is holding talks in Damascus for the first time on the future of the swathe of northern Syria under its control, an alliance official said on Friday. Between them the Damascus government and the Syrian Democratic Forces co
Published 28 Jul, 2018 12:00am
Russia at UN makes case for Syria reconstruction aid

Russia at UN makes case for Syria reconstruction aid

Russia on Friday urged world powers to help Syria's economic recovery and the return of refugees as its Damascus ally pressed on with a campaign to re-take territory in the seven-year war.
Published 28 Jul, 2018 12:00am
Israel to build new settler homes after deadly knife attack

Israel to build new settler homes after deadly knife attack

Israel is to build hundreds of new homes in a settlement in the occupied West Bank where a Palestinian stabbed three Israelis, one fatally, Defence Minister Avigdor Lieberman said Friday. "The best answer to terrorism is the expansion of settlements," Lie
Published 28 Jul, 2018 12:00am
California forest blaze kills second firefighter

California forest blaze kills second firefighter

A second firefighter has died battling a fast-moving northern California wildfire that has forced residents to flee, an official said on Friday. "Two firefighters have been killed in the Carr fire. A private contractor (operating) a bulldozer died yesterd
Published 28 Jul, 2018 12:00am
Typhoon barrels towards flood-hit western Japan

Typhoon barrels towards flood-hit western Japan

A powerful typhoon is on track to batter parts of western Japan that were hit earlier this month by devastating flooding and landslides, Japanese officials warned on Friday. Typhoon Jongdari is currently packing winds of nearly 200 kilometres (125 miles)
Published 28 Jul, 2018 12:00am
Israeli police reopen Al-Aqsa mosque after clashes

Israeli police reopen Al-Aqsa mosque after clashes

Israeli police closed the gates to Jerusalem's Al-Aqsa mosque compound for several hours Friday after clashes erupted with Palestinian worshippers following midday prayers at the flashpoint site. For around four hours all entry into and out of the mosque,
Published 28 Jul, 2018 12:00am
Shanghai copper sees first weekly jump in seven

Shanghai copper sees first weekly jump in seven

Shanghai Futures Exchange copper prices moved higher on Friday, as trade tensions between the United States and the European Union eased, although lingering concerns over the Sino-US trade dispute curbed gains. The most-traded September copper contract on
Published 28 Jul, 2018 12:00am
Copper on track for first weekly gain in seven weeks

Copper on track for first weekly gain in seven weeks

Copper was set for its first weekly rise in seven weeks after a deal between the European Union and the United States reduced fears that new trade barriers would erode demand for metals. Copper slumped from $7,348 a tonne in June to a one-year low of $5,9
Published 28 Jul, 2018 12:00am
Oil prices fall with stock market; Brent marks weekly gain

Oil prices fall with stock market; Brent marks weekly gain

Oil prices fell on Friday, weighed down by a drop in the US equities market, but Brent still marked a weekly increase, supported by easing trade tensions and a temporary shutdown by Saudi Arabia of a key crude oil shipping lane. Brent crude futures fell 2
Published 28 Jul, 2018 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures recovered from early losses and ended higher on Friday, helped by higher Nikkei stock prices, but were down for a second straight week amid fears over US-Sino trade spats which may hurt demand in the world's top buyer China.
Published 28 Jul, 2018 12:00am
Palm oil dips on expected rise in output
Vegetable Oil

Palm oil dips on expected rise in output

Malaysian palm oil futures fell on Friday as expectation of higher output cut short a rally that had lifted prices to a six-day peak earlier in the session. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange fe
Published 28 Jul, 2018 12:00am
Cocoa tumbles, sugar nears three-month trough

Cocoa tumbles, sugar nears three-month trough

New York cocoa futures on ICE plunged to a five-month low on Friday, giving up gains from the prior session's rally after the benchmark contract failed to close above its 200-day moving average, while raw sugar neared a three-month low. September New York
Published 28 Jul, 2018 12:00am
Gold slides in New York
Currency

Gold slides in New York

Gold edged lower on Thursday under pressure from a stronger dollar and in response to easing trade tensions after the United States agreed to refrain from imposing tariffs on cars from the European Union. The two sides will also begin talks to cut other t
Published 28 Jul, 2018 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices edged higher on Friday as the dollar slipped against major peers ahead of US economic growth data that could shed light on the pace of rate hikes in the world's top economy. Spot gold was up 0.1 percent at $1,223.96 an ounce as of 0711 GMT. Th
Published 28 Jul, 2018 12:00am
Gold steadies in Europe
Currency

Gold steadies in Europe

Gold steadied on Friday as the dollar trimmed gains after in-line US growth data, but the metal was not far off a one-week low as an agreement between the United States and Europe eased trade war fears and dented appetite for safe-haven assets.
Published 28 Jul, 2018 12:00am
US midday: soyabeans rise

US midday: soyabeans rise

US soyabean futures rose on Friday, on track for their second straight weekly gain, bolstered by signs of strong export demand, traders said. Wheat futures were mixed, with winter wheat contracts easing while spring wheat contracts firmed amid concerns ab
Published 28 Jul, 2018 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold inched higher on Friday as the US dollar slid lower after strong US economic growth data while concern remains about trade tensions between the United States and Europe. The dollar slipped against a basket of currencies as data showing the US economy
Published 28 Jul, 2018 12:00am
Imran similar to Trump?

Imran similar to Trump?

Over the years, Imran Khan has been known for his anti-American rhetoric, once even suggesting he might as prime minister order the shooting down of US drones targeting al Qaeda figures alongg the Pakistan-Afghan border. Now that Khan is poised to become
Published 28 Jul, 2018 12:00am
Kehar elected PSA chief

Kehar elected PSA chief

Hamid Nazir Kehar has been elected as president of PSX Stockbrokers Association (PSA) for the term of 2018-19. This was announced in PSX Stockbrokers Association (PSA), Annual General Meeting held on Friday. The general body approved the report about the
Published 28 Jul, 2018 12:00am
LHC disposes of petition

LHC disposes of petition

The Lahore High Court on Friday disposed off a petition seeking protection for former 'encounter specialist' Abid Boxer after he personally appeared in the court.
Published 28 Jul, 2018 12:00am
ABAD hopes Imran will ensure construction of low-cost houses

ABAD hopes Imran will ensure construction of low-cost houses

Association of Builders and Developers of Pakistan (ABAD) chairman Arif Yousuf Jeewa while congratulating Imran Khan for PTI's victory in general election 2018 recalled his promise of constructing 5 million low cost houses in next five years for neglected
Published 28 Jul, 2018 12:00am
Cabinet okays changes in Chartered Accounts By-laws

Cabinet okays changes in Chartered Accounts By-laws

Interim Prime Minister former justice Nasir-ul-Mulk (retd) Friday chaired a meeting of the Federal Cabinet at the Prime Minister's Office. The Cabinet approved assigning of additional charge of the posts of Member Technical in Pakistan Telecommunication A
Published 28 Jul, 2018 12:00am
CS praises LEAs for ensuring L&O during polls

CS praises LEAs for ensuring L&O during polls

The Pakistan Army, Pakistan Rangers, Sindh Police and all Law Enforcement Agencies (LEAs) and institutions zealously controlled the law and order situation to ensure the peaceful accomplishment of the election-2018. This was said by Chief Secretary Sindh
Published 28 Jul, 2018 12:00am
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