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Sep 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-09-16
US natural gas output, demand seen rising to record highs in 2018

US natural gas output, demand seen rising to record highs in 2018

US dry natural gas production should rise to an all-time high of 80.96 billion cubic feet per day (bcfd) in 2018 from 73.55 bcfd in 2017, according to the Energy Information Administration's Short Term Energy Outlook (STEO) on Tuesday.
Published 16 Sep, 2018 12:00am
Jordan seeks to buy feed barley

Jordan seeks to buy feed barley

Jordan's state grain buyer has purchased 60,000 tonnes of animal feed barley to be sourced from optional origins in an international tender for up to 120,000 which closed on Wednesday, traders said. It was bought at $261 a tonne c&f for shipment in the fi
Published 16 Sep, 2018 12:00am
Argentine soya harvest to reach 50 million tonnes in 2018-19

Argentine soya harvest to reach 50 million tonnes in 2018-19

Argentina's soya harvest is expected to reach 50 million tonnes during the 2018-19 season while estimates for corn production fell to 43 million tonnes, down from around 45 million tonnes previously, the Rosario grains exchange said on Wednesday. An excha
Published 16 Sep, 2018 12:00am
CBOT wheat futures hit two-month low

CBOT wheat futures hit two-month low

Chicago Board of Trade wheat futures hit a two-month low on Wednesday on a larger-than-expected forecast of 2018/19 global wheat ending stocks from the US Department of Agriculture and spillover pressure from corn futures, traders said. CBOT December soft
Published 16 Sep, 2018 12:00am
Ivorian cocoa farmers fear black pod disease on heavy rainfall

Ivorian cocoa farmers fear black pod disease on heavy rainfall

Above average rainfall across Ivory Coast's cocoa growing regions last week could impact the health of the October-to-March main crop, farmers said on Monday, just days before harvests are expected to begin. Farmers said they were satisfied with the numbe
Published 16 Sep, 2018 12:00am
India's rice prices fall to 17-month low

India's rice prices fall to 17-month low

Rice export prices in India slumped this week as the rupee fell and demand remained weak with buyers expecting further dips, while low supplies and the prospect of a new deal with the Philippines pushed up prices for the Vietnamese variety.
Published 16 Sep, 2018 12:00am
Vietnam's coffee prices up

Vietnam's coffee prices up

Coffee prices in Vietnam edged up this week on scarce supplies, but traders said they would not climb further ahead of the new harvest next month. Farmers in the Central Highlands, the country's largest coffee growing area, offered coffee in a range of 33
Published 16 Sep, 2018 12:00am
Heatwaves, drought in France to hit maize, sugar beet crops

Heatwaves, drought in France to hit maize, sugar beet crops

Heatwaves and drought in France this summer are expected to lead to a sharp drop in maize and sugar beet production, adding to a wider picture of weather-hit harvests in the European Union's biggest crop grower, the farm ministry said. In a crop report is
Published 16 Sep, 2018 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Thursday for a third straight session, following pressure in allied US soybeans, but worries about snow stalling the canola harvest in Alberta lent underlying support, traders said. November canola shed $1.80 to settle
Published 16 Sep, 2018 12:00am
Russia likely to export 30 million tonnes of grain in 2018-19

Russia likely to export 30 million tonnes of grain in 2018-19

Russia is expected to harvest 105 million tonnes of grain, leaving 30 million tonnes available for export in the 2018/19 marketing season that started on July 1, its deputy prime minister in charge of agriculture said on Monday.
Published 16 Sep, 2018 12:00am
Brazil raises soyabean export projection
Currency

Brazil raises soyabean export projection

Brazil's government on Tuesday raised by 2 million tonnes its projection for soyabean exports in the 2017/18 crop to 76 million tonnes amid strong Chinese demand, reducing the crop's end-stocks to the lowest on record.
Published 16 Sep, 2018 12:00am
China steel, iron ore recover on possible US-China trade talks

China steel, iron ore recover on possible US-China trade talks

Prices of steel and iron ore regained some lost ground in China on Thursday after the United States invited Chinese officials for talks, spurring hopes of a deal to end a trade dispute between the world's two largest economies.
Published 16 Sep, 2018 12:00am
EU wheat extends losses after USDA report

EU wheat extends losses after USDA report

European wheat prices extended its losses on Thursday after a bearish US government report released the previous day and also penalised by the rise of the euro to a two-week high, denting its comppetitiveness on world markets Benchmark December milling wh
Published 16 Sep, 2018 12:00am
Dryness cuts crop for world's largest sugar plant in Brazil

Dryness cuts crop for world's largest sugar plant in Brazil

The world's largest sugarcane processing plant, a Brazilian mill able to process 10 million tonnes per year, has recorded a drop in cane crushing for the second consecutive season because of excessive dryness in Sao Paulo state, an executive said on Thurs
Published 16 Sep, 2018 12:00am
Network owners pick banks for float

Network owners pick banks for float

The owners of Network International are working with investment banks Evercore and Citi on an initial public offering (IPO) of the largest payment processing firm across the Middle East and Africa, sources familiar with the matter said.
Published 16 Sep, 2018 12:00am
In Indonesia, long-term foreign bond investors keep faith - for now

In Indonesia, long-term foreign bond investors keep faith - for now

Recent turbulence in Indonesian markets has tested the pain threshold for foreigners who invest in the country's longer-term bonds, but they appear to be keeping their nerve. This week, the battered rupiah has stabilized though it remains close to a 20-ye
Published 16 Sep, 2018 12:00am
In Indonesia, long-term foreign bond investors keep faith - for now

In Indonesia, long-term foreign bond investors keep faith - for now

Recent turbulence in Indonesian markets has tested the pain threshold for foreigners who invest in the country's longer-term bonds, but they appear to be keeping their nerve. This week, the battered rupiah has stabilized though it remains close to a 20-ye
Published 16 Sep, 2018 12:00am
Japan stocks to rise

Japan stocks to rise

Japanese stocks are forecast to rise 5 percent over the rest of this year, with stronger corporate profits expected to underpin sentiment, but selling by foreign investors could cap the upside, a Reuters poll found. In recent weeks, Sino-US trade friction
Published 16 Sep, 2018 12:00am
MSCI monitoring Argentina 'daily and very carefully'
Currency

MSCI monitoring Argentina 'daily and very carefully'

MSCI, the global stock index provider, is closely monitoring how Argentina is navigating its financial turmoil, reiterating the decision to reclassify it as an emerging market could be reversed should it restrict market access, the company's chief executi
Published 16 Sep, 2018 12:00am
UK funds lift equity exposure in August
Currency

UK funds lift equity exposure in August

British investors increased their equity exposure in August from July's nine-month lows, favouring emerging markets after a shake-out in the sector, but cut UK assets as the risk of a no-deal Brexit grew. Reuters' monthly asset allocation poll of 17 UK-ba
Published 16 Sep, 2018 12:00am
UK funds lift equity exposure in August
Currency

UK funds lift equity exposure in August

British investors increased their equity exposure in August from July's nine-month lows, favouring emerging markets after a shake-out in the sector, but cut UK assets as the risk of a no-deal Brexit grew. Reuters' monthly asset allocation poll of 17 UK-ba
Published 16 Sep, 2018 12:00am
US mutual fund investors flee domestic stocks: ICI
Mutual Funds

US mutual fund investors flee domestic stocks: ICI

US mutual-fund investors sprinted out of domestic stocks at the fastest pace in nine weeks as trade talks seemed to deteriorate and social media executives were grilled by lawmakers, Investment Company Institute (ICI) data showed on Wednesday.
Published 16 Sep, 2018 12:00am
US mutual fund investors flee domestic stocks: ICI
Mutual Funds

US mutual fund investors flee domestic stocks: ICI

US mutual-fund investors sprinted out of domestic stocks at the fastest pace in nine weeks as trade talks seemed to deteriorate and social media executives were grilled by lawmakers, Investment Company Institute (ICI) data showed on Wednesday.
Published 16 Sep, 2018 12:00am
Iran stocks hit all-time high

Iran stocks hit all-time high

Tehran stocks closed at an all-time high on Saturday after five days of consecutive gains despite the collapse of the Iranian rial. The market's main index, TEDPIX, closed up 1.97 percent to reach 158,119.2 points.
Published 16 Sep, 2018 12:00am
Eurozone bond yields hit six-week highs as risk aversion abates

Eurozone bond yields hit six-week highs as risk aversion abates

Core euro area yields rose to six-week highs on Friday, as hopes of trade talks and receding emerging market concerns bolstered risk appetite, a day after the European Central Bank confirmed that its monthly asset purchases would be halved come October.
Published 16 Sep, 2018 12:00am
Eurozone bond yields hit six-week highs as risk aversion abates

Eurozone bond yields hit six-week highs as risk aversion abates

Core euro area yields rose to six-week highs on Friday, as hopes of trade talks and receding emerging market concerns bolstered risk appetite, a day after the European Central Bank confirmed that its monthly asset purchases would be halved come October.
Published 16 Sep, 2018 12:00am
SIG Combibloc sets price range in latest Swiss IPO

SIG Combibloc sets price range in latest Swiss IPO

Swiss packaging maker SIG Combibloc on Friday set the price range for its initial public offering at 10.50 to 13.50 Swiss francs per share, targeting proceeds of up to 1.78 billion Swiss francs ($1.84 billion) which will mainly be used to trim debt.
Published 16 Sep, 2018 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields retreated on Friday on reports President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more Chinese goods, despite Treasury Secretary Steven Mnuchin's attempts to restart trade talks with China.
Published 16 Sep, 2018 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields retreated on Friday on reports President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more Chinese goods, despite Treasury Secretary Steven Mnuchin's attempts to restart trade talks with China.
Published 16 Sep, 2018 12:00am
Wall Street ends near flat, but financials climb with yields

Wall Street ends near flat, but financials climb with yields

US stocks ended little changed on Friday as financials rose with bond yields, while news that President Donald Trump instructed aides to proceed with tariffs on about $200 billion of Chinese products limited gains. The S&P financial index was up 0.7 perce
Published 16 Sep, 2018 12:00am
IMF's $3 billion tranche to Argentina on hold as talks go on
Currency

IMF's $3 billion tranche to Argentina on hold as talks go on

A $3 billion payment that the IMF had been expected to disburse to Argentina this month under its standby financing deal has been postponed while the government renegotiates the terms of the agreement, an Economy Ministry source said on Friday. The paymen
Published 16 Sep, 2018 12:00am
US fashion label Henri Bendel to close after 123 years

US fashion label Henri Bendel to close after 123 years

Upscale US fashion label Henri Bendel - known in recent years for its luxury handbags and shoes - will shut down in January after 123 years in business, parent company L Brands has announced. The Bendel website and all of the label's 23 stores in the Unit
Published 16 Sep, 2018 12:00am
Iran says OPEC has 'not much credit' left

Iran says OPEC has 'not much credit' left

Oil cartel OPEC has "not much credit" left as some members are turning it into "a tool for the US", a senior Iranian official said in comments published Saturday. "Saudi Arabia and the UAE are turning OPEC into a tool for the US and consequently the organ
Published 16 Sep, 2018 12:00am
India minister says confident of meeting fiscal deficit target
Currency

India minister says confident of meeting fiscal deficit target

India's finance minister said on Saturday that the government is confident of meeting its fiscal deficit target of 3.3 percent of gross domestic product in the current fiscal year, a day after outlining a number of measures to bolster the falling rupee.
Published 16 Sep, 2018 12:00am
France to replace 'Exit Tax' on capital gains, target fiscal cheats

France to replace 'Exit Tax' on capital gains, target fiscal cheats

France will abolish a tax imposed on the capital gains of top earners and entrepreneurs who leave France and sell their assets with a more-targeted levy designed to deter tax optimisation, a finance ministry spokesman said on Saturday. France imposed the
Published 16 Sep, 2018 12:00am
G20 trade ministers say WTO reform 'urgent' as new Trump tariffs loom

G20 trade ministers say WTO reform 'urgent' as new Trump tariffs loom

Trade and investment ministers from G20 countries meeting in Argentina said there was an "urgent need" to improve the World Trade Organization, a joint statement said on Friday. With US President Donald Trump readying tariffs on another $200 billion in Ch
Published 16 Sep, 2018 12:00am
Trump readies tariffs on $200 billion more Chinese goods despite talks

Trump readies tariffs on $200 billion more Chinese goods despite talks

US President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin's attempts to restart trade talks with China, a source familiar with the matter said on Friday.
Published 16 Sep, 2018 12:00am
Workers fired for selling 15,000 apples to one client in Cuba

Workers fired for selling 15,000 apples to one client in Cuba

Several employees of a Cuban supermarket have been fired for selling 15,000 apples to a single customer in a country regularly plagued by food shortages. State news outlet Granma reported on Friday that the employees involved were let go after news of the
Published 16 Sep, 2018 12:00am
Police arrest protesters at new Istanbul airport site

Police arrest protesters at new Istanbul airport site

Turkish police on Saturday arrested at least 20 people, including an AFP photographer, as they broke up a protest against work-related deaths and poor conditions at the construction site of Istanbul's third airport, touted to be the world's largest airpor
Published 16 Sep, 2018 12:00am
S&P upgrades Portugal debt outlook

S&P upgrades Portugal debt outlook

Global ratings agency S&P on Friday upgraded its outlook for Portugal's sovereign debt rating to "positive," pointing to improving growth, fiscal health and falling debt levels.
Published 16 Sep, 2018 12:00am
S&P upgrades Portugal debt outlook

S&P upgrades Portugal debt outlook

Global ratings agency S&P on Friday upgraded its outlook for Portugal's sovereign debt rating to "positive," pointing to improving growth, fiscal health and falling debt levels.
Published 16 Sep, 2018 12:00am
Growth in Chinese home prices accelerates to two-year high

Growth in Chinese home prices accelerates to two-year high

China's home prices accelerated in August at the fastest pace in nearly two years, a sign that Beijing's efforts to boost a slowing economy may once again be heating up frothy real estate markets. While solid growth in the sector could cushion the impact
Published 16 Sep, 2018 12:00am
Sri Lankan ambassador to Vienna recalled for not answering phone

Sri Lankan ambassador to Vienna recalled for not answering phone

Sri Lanka President Maithripala Sirisena recalled his top envoy to Austria and five other embassy staff for failing to answer his long-distance telephone calls, officials said Saturday. Ambassador Priyanee Wijesekera was given her marching orders after ca
Published 16 Sep, 2018 12:00am
Optimism trumps despair at climate summit

Optimism trumps despair at climate summit

Mayors, governors, entrepreneurs, CEOs, investors and celebrities delivered a double-edged message Friday at the close of a climate summit in San Francisco: global warming is making the planet unliveable - but we know how to fix it. "We are using the sky
Published 16 Sep, 2018 12:00am
Two sons of Hosni Mubarak arrested

Two sons of Hosni Mubarak arrested

The two sons of former Egyptian president Hosni Mubarak were arrested on Saturday for alleged stock manipulation, a judicial source said. Gamal and Alaa Mubarak are accused alongside three other people of failing to notify the stock market of agreements t
Published 16 Sep, 2018 12:00am
US studying potential Iran sanction waivers: Pompeo

US studying potential Iran sanction waivers: Pompeo

The United States is still studying possible waivers of sanctions against countries or businesses that continue commerce with Iran after November 4, Secretary of State Mike Pompeo said on Friday.
Published 16 Sep, 2018 12:00am
South African rand enjoys strong week
Currency

South African rand enjoys strong week

The rand was on course for gains of more than 2 percent against the dollar this week, despite some profit-taking on Friday, after Moody's signalled it was unlikely to strip South Africa of its last investment grade credit rating this year. That marks a tu
Published 16 Sep, 2018 12:00am
Canadian dollar dips
Currency

Canadian dollar dips

The Canadian dollar weakened against its US counterpart on Friday as the greenback rose broadly, but the loonie was on course for its best weekly performance in nearly three months. At 3:54 p.m. (1954 GMT), the Canadian dollar was trading 0.3 percent lowe
Published 16 Sep, 2018 12:00am
Faced with trade war risk, yuan to manage only modest rise
Currency

Faced with trade war risk, yuan to manage only modest rise

The Chinese yuan will trim only some of its recent losses against the dollar over the coming year, with the People's Bank of China increasingly likely to intervene to support the currency against a still-rampant dollar, a Reuters poll found.
Published 16 Sep, 2018 12:00am
Dollar rises on solid US data, report on more US tariffs
Currency

Dollar rises on solid US data, report on more US tariffs

The dollar rose against a basket of currencies on Friday, rebounding from a near 1-1/2-month low, due to upbeat US economic data and safe-haven demand on reports US President Donald Trump wants to slap duties on $200 billion of Chinese goods.Higher Treasu
Published 16 Sep, 2018 12:00am
Cryptocurrency project Tezos to launch main network
Currency

Cryptocurrency project Tezos to launch main network

The Tezos cryptocurrency project is preparing to launch the long-awaited main version of its network that underpins a new virtual token on Monday, a Swiss foundation that promotes the initiative said on Twitter on Friday.
Published 16 Sep, 2018 12:00am
Chelsea, Liverpool maintain lead over chasing Man City

Chelsea, Liverpool maintain lead over chasing Man City

Chelsea and Liverpool continue to throw down the gauntlet to Premier League champions Manchester City as all three were victorious on their return to Premier League action on Saturday. Liverpool showed their credentials in targeting a first title since 19
Published 16 Sep, 2018 12:00am
Holding of UMA-CNS Open Golf Championship gets green light

Holding of UMA-CNS Open Golf Championship gets green light

The final leg of arrangements for the successful hosting of the UMA-CNS Open Golf Championship - Pakistan's first Asian Tour event in 11 years - has received the thumbs up from the Asian body. In a recent visit to the Karachi Golf Club - the venue of the
Published 16 Sep, 2018 12:00am
Japan bounce Bosnians

Japan bounce Bosnians

Japan preserved their status in the Davis Cup's top tier on Saturday by powering to doubles victory in their World Group playoff against Bosnia and Herzegovina. Despite the absence of Japanese talisman Kei Nishikori, the home side took an unassailable 3-0
Published 16 Sep, 2018 12:00am
Americans keep Davis Cup hopes alive with thrilling doubles victory

Americans keep Davis Cup hopes alive with thrilling doubles victory

The United States cut Croatia's lead to 2-1 in their Davis Cup semi-final as Mike Bryan and Ryan Harrison won a dramatic doubles rubber in Zadar on Saturday. Croatia, who saw Marin Cilic and Borna Coric both win their singles matches on Friday, will try a
Published 16 Sep, 2018 12:00am
Ramirez shows off improved jab to retain WBC title

Ramirez shows off improved jab to retain WBC title

Unbeaten Jose Ramirez kept his World Boxing Council junior welterweight title on Friday with a unanimous decision win over Mexican challenger Antonio Orozco. The 26-year-old former American Olympian knocked down Orozco twice in the first defence of his ti
Published 16 Sep, 2018 12:00am
Arsenal on the rise

Arsenal on the rise

New-era Arsenal continue to be a work in progress, but they made it three straight Premier League wins under Unai Emery with a 2-1 victory at struggling Newcastle United on Saturday. It was far from pretty from the visitors, who were forced to weather an
Published 16 Sep, 2018 12:00am
Barcelona fight back to beat Real Sociedad

Barcelona fight back to beat Real Sociedad

Barcelona came from behind to beat Real Sociedad on Saturday as Atletico Madrid lost further ground in the La Liga title race by drawing at home to Eibar. Seven points is now the gap between Atleti and Barca, who were in danger of slipping up themselves w
Published 16 Sep, 2018 12:00am
Moeen Ali says he was called 'Osama' by Australia player

Moeen Ali says he was called 'Osama' by Australia player

England all-rounder Moeen Ali has said he was called "Osama" by an Australia player during the 2015 Ashes series. Ali's allegation was made in his autobiography, an extract of which was published in Saturday's edition of The Times newspaper. Cricket Austr
Published 16 Sep, 2018 12:00am
Hamilton scorches to pole for Singapore Grand Prix

Hamilton scorches to pole for Singapore Grand Prix

Lewis Hamilton scorched to Singapore Grand Prix pole position in his Mercedes with a red hot lap of 1min 36.015sec at the Marina Bay street circuit on Saturday. Max Verstappen of Red Bull will start on the front row for Sunday's race alongside Hamilton af
Published 16 Sep, 2018 12:00am
Bangladesh thump Sri Lanka in Asia Cup opener

Bangladesh thump Sri Lanka in Asia Cup opener

Senior batsman Mushfiqur Rahim smashed a brilliant career-best hundred to steer Bangladesh to an emphatic 137-run victory over Sri Lanka in the opening Asia Cup match in Dubai on Saturday.
Published 16 Sep, 2018 12:00am
NASA blasts off space laser satellite to track ice loss

NASA blasts off space laser satellite to track ice loss

NASA's most advanced space laser satellite blasted off Saturday on a mission to track ice loss around the world and improve forecasts of sea level rise as the climate warms. Cloaked in pre-dawn darkness, the $1 billion, half-ton ICESat-2 launched aboard a
Published 16 Sep, 2018 12:00am
At least six dead in GBissau storm
Cotton

At least six dead in GBissau storm

At least six youths were killed when a giant tree they had sheltered under toppled over during a storm on an island off Guinea Bissau, a local official said Saturday. More than 800 youths had gathered on Caravela island for a festival when a storm surpris
Published 16 Sep, 2018 12:00am
Swiss probe Russian agents over WADA 'cyber-attack'

Swiss probe Russian agents over WADA 'cyber-attack'

Two Russian spies arrested in the Netherlands on suspicion of targeting a Swiss laboratory are also being probed over an attempted cyber-attack on the World Anti-Doping Agency, an official said Saturday.
Published 16 Sep, 2018 12:00am
At least eight killed in Burkina Faso twin attacks

At least eight killed in Burkina Faso twin attacks

At least eight civilians have been killed in twin attacks in eastern Burkina Faso, a poor West African country where jihadists have been gaining ground in recent months, local authorities said Saturday.
Published 16 Sep, 2018 12:00am
Failed asylum-seekers set fire to cell in Vienna

Failed asylum-seekers set fire to cell in Vienna

Six failed asylum-seekers set fire to their detention centre cell in Vienna overnight and had to be hospitalised, Austrian police said Saturday. Asylum claims filed by the five Afghans and one Iranian man had been rejected and they were awaiting deportati
Published 16 Sep, 2018 12:00am
Russia holds naval drills in Sea of Japan

Russia holds naval drills in Sea of Japan

Russian troops taking part in the country's largest-ever war games on Saturday held drills in the Sea of Japan, despite Tokyo's concerns about a Russian military buildup in the area. The exercises were part of the Vostok-18, or East-18, war games that kic
Published 16 Sep, 2018 12:00am
Foreign journalists freed from Venezuela detention

Foreign journalists freed from Venezuela detention

Two British journalists and an Argentine were freed on Friday eight hours after being detained by the Venezuelan military, the national press union (SNTP) said. Argentine Laura Saravia along with British nationals Barney Green and Dan Rivers were released
Published 16 Sep, 2018 12:00am
Turkey jails British ex-soldier over 'terror' links

Turkey jails British ex-soldier over 'terror' links

A Turkish court has sentenced a former British soldier to seven-and-a-half years in jail for alleged links to a Kurdish militia that Ankara considers a "terrorist" group. Joe Robinson was arrested in July 2017 while holidaying in Turkey after he posted ph
Published 16 Sep, 2018 12:00am
Iraq parliament elects pro-Iran candidates

Iraq parliament elects pro-Iran candidates

The Iraqi parliament elected pro-Iran candidates as speaker and first deputy speaker on Saturday, boosting the country's chances of forming a new administration more than four months after national elections.
Published 16 Sep, 2018 12:00am
Iran accuses French police of slow reaction to attack on Paris embassy

Iran accuses French police of slow reaction to attack on Paris embassy

Iran said on Saturday that Kurdish activists attacked its embassy in Paris and it accused French police of arriving late on the scene. Paris police confirmed officers had responded to an incident at the embassy on Friday afternoon, but declined to comment
Published 16 Sep, 2018 12:00am
Super Typhoon Mangkhut claims first victims in Philippines

Super Typhoon Mangkhut claims first victims in Philippines

Super Typhoon Mangkhut smashed through the Philippines on Saturday, as the biggest storm to hit the region this year claimed the lives of its first victims and forced tens of thousands to flee their homes.
Published 16 Sep, 2018 12:00am
Water shortages to cut Iraq's irrigated wheat area by half

Water shortages to cut Iraq's irrigated wheat area by half

Iraq, a major Middle East grain buyer, will cut the irrigated area it plants with wheat by half in the 2018-2019 growing season as water shortages grip the country, a government official told Reuters. Drought and dwindling river flows have already forced
Published 16 Sep, 2018 12:00am
Brazil, Australia to fight any Indian sugar export subsidy

Brazil, Australia to fight any Indian sugar export subsidy

Brazilian and Australian sugar industry groups have joined forces and are working together with their respective governments to prepare a formal complaint to the World Trade Organization (WTO) over any possible sugar export subsidy by India, a top Brazili
Published 16 Sep, 2018 12:00am
Asia eyes Argentine wheat as drought curbs Australian output
Currency

Asia eyes Argentine wheat as drought curbs Australian output

Asian flour millers are expected to seek rare wheat shipments from Argentina in coming months as a second year of drought in traditional supplier Australia curbs supplies. At present, Asian wheat importers, including the world's biggest buyer Indonesia, a
Published 16 Sep, 2018 12:00am
China aluminium output slips from record-high

China aluminium output slips from record-high

China's primary aluminium production slipped 3 percent in August from the month before, government data showed on Friday, hit by high raw material costs for smelters. The world's biggest aluminium producer churned out 2.84 million tonnes of the metal last
Published 16 Sep, 2018 12:00am
China slashes 2018-19 soyabean import forecast

China slashes 2018-19 soyabean import forecast

China on Wednesday slashed its forecast for 2018-19 soyabean imports as farmer reduce their use of the bean in animal feed because of the Sino-US trade conflict, leading the government to raise its supply deficit estimate. Imports of soyabeans in the crop
Published 16 Sep, 2018 12:00am
Brazil forward grains sales rise
Currency

Brazil forward grains sales rise

Brazilian farmers are selling more of next year's soy and corn harvest since the US dollar strengthened past 4 reais in August, driving up the value received by producers pricing the crop in the local currency, according to analysts.
Published 16 Sep, 2018 12:00am
Strategie Grains cuts EU maize outlook

Strategie Grains cuts EU maize outlook

Consultancy Strategie Grains cut its outlook for grain maize production in the European Union by nearly 5 percent as crop conditions continued to deteriorate over the summer due to hot and dry weather in France and central Europe.
Published 16 Sep, 2018 12:00am
Traders wary of delays as Russia toughens grain export control

Traders wary of delays as Russia toughens grain export control

Russia's food safety watchdog has beefed up quality controls on grain exports due to complaints from major buyers and the lower quality of the crop, it said on Friday, adding that the more stringent checks were not aimed at limiting grain exports.
Published 16 Sep, 2018 12:00am
USDA raises US corn, soya harvest view on record yields

USDA raises US corn, soya harvest view on record yields

The US Agriculture Department on Wednesday issued a surprise increase to its corn harvest forecast due to expectations of record yields in key production areas such as Illinois, Iowa, Nebraska and Indiana. Soybean yields were seen at an all-time high, wit
Published 16 Sep, 2018 12:00am
Lord Nazir supports PM's efforts

Lord Nazir supports PM's efforts

Member of the British House of Lords, Nazir Ahmed hailed Prime Minister Imran Khan for his efforts to transform the country into a prosperous and welfare state and assured that overseas Pakistanis were ready to contribute for the county's development.
Published 16 Sep, 2018 12:00am
Minister takes notice of court's incident

Minister takes notice of court's incident

Minister for Law, Sultan Mohammad Khan has taken stern notice of firing incident at Peshawar courts and directed submission of report into the incident with immediate effect.
Published 16 Sep, 2018 12:00am
AJK PM, Wapda chief discuss uplift schemes

AJK PM, Wapda chief discuss uplift schemes

Azad Jammu and Kashmir (AJK) Prime Minister Raja Muhammad Farooq Haider Khan has discussed about the development schemes being implemented in AJK as part of WAPDA projects with WAPDA chairman Lt-Gen Muzammil Hussain (retd) during his visit of WAPDA House
Published 16 Sep, 2018 12:00am
NA speaker vows to seek jobs for youths in MNCs

NA speaker vows to seek jobs for youths in MNCs

Speaker National Assembly Asad Qaiser has said he will utilize all his energies and efforts to ensure jobs for Pakistani youth in the international and multinational companies working in Pakistan.
Published 16 Sep, 2018 12:00am
Metro bus scandal: NAB raids MDA for more arrests

Metro bus scandal: NAB raids MDA for more arrests

National Accountability Bureau (NAB) on Saturday geared up raid to arrest more officials of Multan Development Authority (MDA) over alleged corruption in metro bus project. According to details, already detained six officers made important revelations dur
Published 16 Sep, 2018 12:00am
Resolution submitted to Punjab assembly

Resolution submitted to Punjab assembly

Pakistan Muslim League Nawaz (PML-N)'s MPA in Punjab Assembly, Hina Parvez Butt on Saturday has submitted resolution in assembly secretariat against the advertisement of sanitary workers.
Published 16 Sep, 2018 12:00am
Tangled wires in streets: Lesco asked to resolve issue

Tangled wires in streets: Lesco asked to resolve issue

Punjab Minister for Industries and Commerce Mian Aslam Iqbal has directed the Lahore Electricity Supply Company (LESCO) to immediately resolve the issue of tangled electricity wires in city streets.
Published 16 Sep, 2018 12:00am
PTBA recommends 22 proposals on indirect taxes

PTBA recommends 22 proposals on indirect taxes

Pakistan Tax Bar Association (PTBA) has proposed 22 recommendations on indirect taxes to the Minister for Finance, Revenue and Economic Affairs for redress of genuine of the existing taxpayers.
Published 16 Sep, 2018 12:00am
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