Chinese steel prices fell on Friday after data showed daily output in the world's top steel producer climbed to a record in September and China's economy slowed to the weakest pace since 2009. The increased steel production came as mills chased strong pri
Chicago Board of Trade soyabean futures declined on Friday, with the benchmark November contract hitting a one week low on news of US soyabean export sales cancellations, traders said. CBOT November soyabeans settled down 6-3/4 cents at $8.56-3/4 per bush
A key festival brought little activity to the physical gold market in India this week as purchases remained significantly lower than normal with domestic prices jumping to the highest in more than two years. Demand in India, the second biggest gold consum
US natural gas stocks are going into winter at the lowest level for fifteen years despite a slightly faster rate of injections into storage over the summer than in 2016 or 2017. Low inventories have encouraged hedge funds to build their largest position i
China has ample supplies of soyabeans and significant price fluctuations are unlikely, a senior agriculture ministry official said on Friday. Domestic soyabean planting acreage has increased and China is set for a bumper harvest, supported by government s
Rice export prices in India were unchanged this week, after declining for three weeks in a row, as activity was muted ahead of the new crop, while waning output due to floods pushed up rates in Vietnam. Rates for top exporter India's 5 percent broken parb
Prices drifted lower on the cotton market on Monday in the process of moderate trading activity, dealers said. The official spot rate came down, losing Rs 150 to Rs 8,750, they added. Prices of seed cotton in Sindh were at Rs 3800-4200, in the Punjab seed
Chicago Board of Trade wheat futures closed mostly higher on Friday, with the lead December contract firming in a short-covering bounce after a three-session slide, traders said. CBOT December soft red winter wheat settled up 1-3/4 cents at $5.14-3/4 per
Asia's naphtha crack fell for a third day on Friday to hover near a four months low of $72.38 a tonne as market remained awash with supplies despite some demand emerging this week. South Korea's Hanwha Total bought more than 100,000 tonnes of heavy full-r
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,682. The traded value of Metals, Energy and COTS/FX was recorded at 16.599 billion and the number of lots traded 12,313.
European wheat futures were hovering near the previous session's two weeks low on Friday, with tightening global supplies and drought concerns in Europe offset by sluggish exports. December milling wheat on Paris-based Euronext was unchanged at 201.25 eur
Output of palm oil from Indonesia, the world's top producer of the vegetable oil, rose in September buoyed by peak harvest season, while demand from top buyers boosted exports, according to the median results of a Reuters survey. Palm oil output rose to 4
Sunny spells last week in most of Ivory Coast's main cocoa regions were expected to boost the development of the October to March main crop, farmers said on Monday, though overly wet weather in the east caused disease issues. As the new marketing season i
The Karachi Port handled 286,017 tonnes of cargo comprising 220,322 tonnes of import cargo and 65,695 tonnes of export cargo including 7,131 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargos of 22
Chicago Board of Trade (CBOT) corn futures fell on Friday for a fourth straight session, pressured by technical selling, including inter-market spreading compared with soybeans, traders said. Corn futures lost to soybeans on inter-market spreads, reversin
Vietnam's domestic coffee prices jumped to their highest in nearly a year while demand in Indonesia was weak as buyers eyed Vietnam harvest for cues, traders said on Thursday. Traders said farmers in the Central Highlands, Vietnam's largest coffee growing
Saudi Arabia's stock index recovered most of its earlier losses on Monday, with government-linked funds continuing to bolster the market as concerns about the killing of Saudi journalist Jamal Khashoggi weighed. The main index recovered to trade down only
Tokyo stocks rose on Monday as bargain-buyers moved in, but traders remained on edge over geopolitical worries. The Nikkei 225 index gained 0.37 percent, or 82.74 points, to close at 22,614.82, while the broader Topix index was up 0.15 percent, or 2.46 po
The S&P 500 and Dow Jones Industrial Average dropped in volatile trading on Monday as a boost from news in China and Italy faded and losses in energy and financial stocks weighed, but gains in technology stocks helped limit losses and lifted the Nasdaq. T
The S&P 500 and Dow Jones Industrial Average dropped in volatile trading on Monday as a boost from news in China and Italy faded and losses in energy and financial stocks weighed, but gains in technology stocks helped limit losses and lifted the Nasdaq. T
The Sri Lankan stocks edge up on Monday from their nearly five-year closing low hit in the previous session. The Colombo stock index ended 0.09 percent firmer at 5,766.00, edging up from its lowest close since November 28, 2013 hit on Friday. It shed 3.6
Philippine shares surged on Monday, extending their gains to a fifth straight session, while most other Southeast Asian stock markets put in lacklustre performances. The Philippine index closed 1.2 percent higher, notching up a 4.5 percent gain over the l
China's benchmark blue-chip index surged over 4 percent on Monday for its best daily performance in almost three years and shares in Hong Kong added more than 2 percent, as investors took heart from Chinese regulators' statements of support. The market wa
European shares fell at the end of a choppy trading session on Monday, as relief over Moody's decision to keep Italy's sovereign rating outlook stable proved short lived and the focus turned to Europe's response to Rome's budget plans. The pan-European ST
Indian shares fell for the third consecutive session on Monday, weighed down by index heavyweight Reliance Industries Ltd as macro concerns, including higher crude prices and liquidity crunch, hurt the trading sentiment. While the benchmark BSE index clos
Australian shares ended lower on Monday, as political concerns rattled investors after the governing coalition was set to lose its one-seat majority in parliament following a weekend by-election. The poor showing by the government will make it harder to g
Britain's blue-chip share index gave up earlier gains and slipped into negative territory on Monday in see-saw trade as lower oil prices pressured energy stocks and gambling companies were knocked by a report of a UK crackdown on offshore taxes.
Workers from Croatia's largest shipbuilding group Uljanik went on strike Monday over unpaid September wages, the latest turmoil for a company on the brink of collapse. The group's two shipyards - Uljanik and 3. Maj - employ 4,000 people but it has been te
Argentina is on track to meet its 2018 year-end spending targets, the country's treasury minister said on Monday, after it posted a deficit that was 31 percent narrower compared to this time last year. Argentina posted a fiscal deficit of 22.9 billion pes
Indonesia has demanded new terms from South Korea on a joint multi-billion-dollar jet fighter development project, as Seoul said Monday that Jakarta has not paid its share and is $200 million in arrears. The Korean Fighter Experimental (KF-X) project is a
China's tax cuts next year could exceed the equivalent of 1 percent of gross domestic product (GDP), a central bank adviser said in remarks published on Monday, in a sign policymakers might be considering another round of tax reductions.
China will roll out more policies to support private companies, including measures to help them raise funds in capital markets, the government said, as economic growth slows to a pace not seen since the global financial crisis a decade ago. Commercial ban
Canada Post workers went on a rotating strike Monday, affecting mail deliveries in four cities after nearly one year of stalled contract negotiations. The Canadian Union of Postal Workers (CUPW) said the cities of Victoria, Edmonton, Windsor and Halifax w
Germany's economy struggled in the third quarter on a dip in car manufacturing but the drivers of its recent expansion remain in place, so growth should rebound in the final three months of the year, the Bundesbank said on Monday. With the European Union
Dutch electronics giant Philips, which is focusing its business on medical equipment and services, on Monday posted higher third quarter sales but profits dipped due to currency headwinds. Sales rose 4.0 percent to 4.3 billion euros ($4.9 billion) year-on
Italy's populist government on Monday responded to EU criticism of its budget with a vow to stick to its public spending hike while scrupulously keeping to its own deficit limits. "The figure of 2.4 percent (deficit to GDP ratio in 2019) is a ceiling that
The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the US-China trade war and tightening financial conditions would trigger the next downturn. At the start of 2018, optimism about a robus
Leisure Leagues Girls and Boys School and Academies Football Championship commenced here at Ibrahim Ali Bhai Government Secondary School Ground in Orangi No.5, Karachi. In girls' event, eighth teams namely Unique Star, Ibrahim Ali Bhai School, Orangi Folk
An independent adjudicator on Monday upheld the 10-year ban on cricketer Nasir Jamshed for his involvement in a spot-fixing scandal that emerged during the second edition of the Pakistan Super League in 2017. Former Justice Mian Hamid Farooq, the independ
After quitting by the Dutch coach Roelant Oltmans, the former Olympian Tauqeer Dar has been approached for coaching the men's national hockey team as a stop gap arrangement. Manager of national hockey team Hasan Sardar has approached Touqeer Dar in this r
India has offered to assist Sri Lanka with its inquiry into match-fixing in cricket and drafting laws to combat cheating in the game, a Sri Lankan cabinet minister said Monday. Sri Lanka's Petroleum Minister Arjuna Ranatunga said India's Central Bureau of
Australia and England Monday rejected fresh allegations about corruption in cricket by television news channel Al Jazeera, which claimed there had been 26 spot-fixing incidents in 15 international matches. In a follow-up documentary to one aired earlier t
Kenya's Capital Markets Authority (CMA) warned Kenyans on Monday against online foreign exchange trading through unlicensed entities, saying they risked losing their investments.
The euro and the British pound managed to hold steady against the dollar on Monday as investors cautiously awaited developments around Brexit as well as Italy's budget plan which drew heavy criticism from the European Union. The dollar was also broadly un
The US dollar rose on Monday as the British pound fell on news that Brexit negotiations with the European Union over Northern Ireland remain in flux and as the euro continued its slide on political uncertainty over Italy's budget.
The euro failed to hold early-session gains on Monday as investors focused on the likelihood of further political uncertainty in Europe over Italy's spending plans, despite a large drop in Italian government borrowing costs. Rating agency Moody's downgrad
Major economies should launch coordinated regulation of cryptocurrencies, the head of Goldman Sachs-backed startup Circle said on Monday, underscoring growing industry support for international rules on digital money. "Ultimately there needs to be normali
Most Asian currencies inched higher on Monday against the dollar, as Beijing's pledge to support its economy and companies steadied the yuan, but risk sentiment was limited by a blend of geopolitical tensions including the U.S-China trade spat. China's yu
The Australian and New Zealand dollars recovered from an early stumble on Monday as the prospect of more economic stimulus in China helped stocks there bounce and supported the outlook for commodity demand. The Aussie dollar stood at $0.7114, having edged
Sterling fell on Monday as fears grew that the Irish border issue and disagreements within Britain's ruling Conservatives over Brexit could see Prime Minister Theresa May face a serious leadership challenge. The pound lost ground against the dollar and th
Saudi Arabia's monetary policy is to "preserve the stability" of the riyal's exchange rate, central bank governor Ahmed al-Kholifey told the newspaper Maal.
The Sri Lankan rupee hit a record low on Monday as banks and importers purchased the US dollar, while stocks edge up from their nearly five-year closing low hit in the previous session. The rupee dropped 0.4 percent to an all-time low of 172.50 per dollar
Top Russian officials on Monday told Donald Trump's national security advisor that Moscow is ready to cooperate with Washington over a Cold War-era nuclear treaty and that abandoning the key agreement would put the world in danger. National security advis
Salty water just below the surface of Mars could hold enough oxygen to support the kind of microbial life that emerged and flourished on Earth billions of years ago, researchers reported Monday. In some locations, the amount of oxygen available could even
China and Southeast Asian states kicked off their first joint maritime exercises on Monday in an effort to ease regional tensions linked to rival claims in the South China Sea. Eight warships set sail from the port of Zhanjiang, in China's southern Guangd
Chinese Vice President Wang Qishan on Monday became the most senior Beijing official to visit Israel in 18 years, as the two countries look to bolster their growing business ties. Wang headed to the Western Wall in Jerusalem, one of the most sacred sites
The Japanese government on Monday ordered Facebook to improve protection of users' personal information following data breaches affecting tens of millions of people worldwide. Facebook said early this month that hackers accessed the personal data of 29 mi
A website for a Saudi investment summit was down on Monday after an apparent cyber attack, just a day before the three-day conference overshadowed by the murder of journalist Jamal Khashoggi begins. There was no immediate claim of responsibility for the a
Global use of raw materials is expected to double by 2060, "placing twice the pressure on the environment" than at present, according to an OECD study released on Monday.
Australian Prime Minister Scott Morrison issued a national apology to thousands of victims of institutional sex abuse Monday, admitting the state utterly failed to stop "evil, dark crimes" committed over decades. "This was done by Australians to Australia
Canadian Prime Minister Justin Trudeau said working with US President Donald Trump is "not always simple," as he welcomed the successful renegotiation of the North American Free Trade Agreement. Speaking on an episode of Quebec's most popular talk show, "
Hurricane Willa was upgraded to a "potentially catastrophic" Category 5 storm Monday off Mexico's Pacific coast, where it was expected to produce life-threatening wind and flooding, the US National Hurricane Center said. The powerful hurricane was on cour
Four earthquakes - measuring from 4.9 to 6.8 magnitude - struck in quick succession off Canada's west coast late Sunday, the US Geological Survey said.
The two Koreas and the US-led United Nations Command agreed Monday to demilitarise a section of the heavily fortified border dividing the peninsula by this week, as a diplomatic thaw gathers pace. "The three parties agreed to carry out measures to withdra
Copper prices hit one-week highs on Monday due to expectations of stronger demand after authorities in top consumer China said they would take measures aimed at bolstering growth and liquidity. Benchmark copper on the London Metal Exchange ended up 0.3 pe
Intercontinental Exchange Inc said its new Permian West Texas Intermediate (WTI) crude oil futures contract deliverable in Houston, Texas, will begin trading on Monday. The trade month will be December and the contract will be deliverable at Magellan Mids
Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia's pledge to raise crude production to a record high, two weeks before US sanctions potentially choke off Iranian supplies.
Ivory Coast's natural rubber output will reach 2 million tonnes by 2023, the minister of agriculture said on Monday, a more than three-fold rise in production as plantations spread to new parts of the country. Ivory Coast is Africa's top natural rubber ex
Benchmark Tokyo rubber futures rose in light trade on Monday as stronger stock prices in China helped improve market sentiment, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery finished 2.5 yen, or 1.5 percent, higher
Malaysian palm oil futures edged up on Monday, snapping two previous sessions of declines, supported by gains in US soyaoil and a weaker ringgit, palm's trading currency. A weaker ringgit tends to support palm oil by making it cheaper for holders of forei
Vietnam could recall an order that goes into effect on Nov. 1 that requires companies to re-export wheat cargoes containing cirsium arvense seeds, known as Canada thistle, the government said on Wednesday. Vietnam, whose main wheat suppliers include Russi
Raw sugar futures on ICE slipped on Monday on technical weakness following an earlier rally, while cocoa gained on short-covering, dealers said. March raw sugar settled down 0.07 cent, or 0.5 percent, at 13.82 cents per lb. The market has been in technica