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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-05-08
Nikkei closes down after 10-day break

Nikkei closes down after 10-day break

Tokyo's key Nikkei index lost more than 1.5 percent on Tuesday following an unprecedented 10-day break, tracking global declines after US President Donald Trump threatened new tariffs on Chinese goods. The benchmark Nikkei 225 index fell 1.51 percent, or
Published 08 May, 2019 12:00am
Steps afoot to improve country's IPR ranking

Steps afoot to improve country's IPR ranking

Directorate General of IPR (Intellectual Property Rights) Enforcement, Pakistan Customs, is taking steps to improve the country's IPR global ranking, while it has seized goods worth Rs 345 million in 179 cases up to April 30, 2019.
Published 08 May, 2019 12:00am
US MIDDAY: gold edges up

US MIDDAY: gold edges up

Gold prices gained on Tuesday as stock markets weakened after a US threat to hike tariffs on Chinese imports renewed trade tensions and improved demand for safe-haven bullion. Spot gold was up 0.3 percent to $1,284.06 per ounce as of 12:02 p.m. EDT (1602
Published 08 May, 2019 12:00am
US MIDDAY: soyabeans, corn and wheat down

US MIDDAY: soyabeans, corn and wheat down

Chicago soyabeans, corn and wheat fell on Tuesday, again pressured by fears that China and the United States are a long way from ending their trade war. The most active soyabean contract on the Chicago Board of Trade fell 0.2 percent to $8.28-1/4 a bushel
Published 08 May, 2019 12:00am
Gold rises in Europe

Gold rises in Europe

Gold prices gained on Tuesday as stock markets weakened after a US threat to hike tariffs on Chinese imports renewed trade tensions and improved demand for safe-haven bullion. Spot gold was up 0.2 percent to $1,282.75 per ounce as of 10:45 a.m. EDT (1445
Published 08 May, 2019 12:00am
Gold gains in Asia

Gold gains in Asia

Gold prices rose on Tuesday as US President Donald Trump's threat to hike tariffs on Chinese imports rekindled trade tensions between the two economies and pushed investors to seek insurance in safe-haven assets. Spot gold was up 0.2 percent at $1,283.41
Published 08 May, 2019 12:00am
Gold moves higher in New York

Gold moves higher in New York

Gold edged up on Monday as a slide in global share markets after Trump administration's threat of further tariffs on China prompted investors to favour safe-haven assets, but bullion's upside was capped by a firm dollar. Spot gold gained 0.2 percent to $1
Published 08 May, 2019 12:00am
Robusta and arabica coffee hit multi-year lows, sugar recovers

Robusta and arabica coffee hit multi-year lows, sugar recovers

Robusta coffee prices on ICE hit their lowest level in nine years on Tuesday as arabica coffee struck a 13-year low on oversupply concerns, while raw sugar prices recovered. July robusta coffee fell $47, or 3.5 percent, to $1,298 a tonne by 1353 GMT, havi
Published 08 May, 2019 12:00am
Palm oil jumps nearly three percent

Palm oil jumps nearly three percent

Malaysian palm oil futures jumped by nearly 3 percent on Tuesday, recovering from a more than five-month low in the previous trading session, tracking gains in related edible oils. The benchmark palm oil contract for July delivery on the Bursa Malaysia De
Published 08 May, 2019 12:00am
Tokyo rubber rallies

Tokyo rubber rallies

Tokyo Commodity Exchange (TOCOM) futures rallied on Tuesday, tracking Shanghai futures, on market talks that Beijing might tighten checks on certain rubber imports. The benchmark TOCOM rubber contract for October delivery finished 1.5 yen ($0.0136) higher
Published 08 May, 2019 12:00am
Oil falls near 2 percent as US-China trade war intensifies

Oil falls near 2 percent as US-China trade war intensifies

Oil prices slipped nearly 2 percent on Tuesday, on track to fall to their lowest levels in over a month as renewed doubts over US-China trade talks stoked concerns over global growth and demand even though US sanctions on Iran and Venezuela tightened supp
Published 08 May, 2019 12:00am
Russia sees oil quality normalising in late May

Russia sees oil quality normalising in late May

The quality of Russian crude is gradually improving after a contamination scandal that rocked oil markets, buyers said on Tuesday, but Russia's energy minister cautioned that it will take until the second half of May to fix the problem.
Published 08 May, 2019 12:00am
Copper heads towards February lows as trade tensions rise

Copper heads towards February lows as trade tensions rise

Copper prices fell on Tuesday towards 2-1/2 month lows hit last week on worries about demand after US President Donald Trump said he would raise tariffs on Chinese goods before U.S-China trade talks. Benchmark copper on the London Metal Exchange ended 0.9
Published 08 May, 2019 12:00am
Brazil cane crush gathers pace after slow start

Brazil cane crush gathers pace after slow start

Brazil's new sugar and ethanol season has gained speed after a slow start to cane crushing, and initial production data from the fields indicate that volumes could be in the higher end of analysts' forecasts. Reuters visited farms in the last days, talkin
Published 08 May, 2019 12:00am
Erdogan welcomes re-run of Istanbul vote

Erdogan welcomes re-run of Istanbul vote

Turkish President Recep Tayyip Erdogan on Tuesday welcomed an order to re-run the recent Istanbul election, a move the opposition has branded an attack on democracy. His ruling Justice and Development Party (AKP) lost the mayorship of Turkey's biggest cit
Published 08 May, 2019 12:00am
Italian intelligence official found dead in Paris

Italian intelligence official found dead in Paris

A high-ranking employee of an Italian intelligence agency has been found dead on a street near his hotel in Paris, though investigators have ruled out any foul play for now, sources close to the inquiry said Tuesday. The 50-year-old man has been identifie
Published 08 May, 2019 12:00am
UAE drags Qatar to court over crisis

UAE drags Qatar to court over crisis

The United Arab Emirates asked the UN's top court on Tuesday to stop Qatar "severely aggravating" the two-year-old crisis that snapped ties between Doha and Gulf states. The International Court of Justice in The Hague ordered Abu Dhabi last July to protec
Published 08 May, 2019 12:00am
Qatar allocates $480 million in aid to Palestinians

Qatar allocates $480 million in aid to Palestinians

Qatar said Tuesday it had allocated $480 million in aid to the cash-strapped Palestinian Authority to support education and health services and provide urgent humanitarian relief. The authority led by president Mahmud Abbas has been hit by the cutting of
Published 08 May, 2019 12:00am
Trump's approval hits highest rating ever in Gallup poll

Trump's approval hits highest rating ever in Gallup poll

US President Donald Trump is enjoying the strongest polling of his presidency following the release of special counsel Robert Mueller's report and positive economic news, according to public opinion poll agency Gallup. Trump's job approval rating crept up
Published 08 May, 2019 12:00am
Pompeo cancels Germany visit due to 'pressing issues': US

Pompeo cancels Germany visit due to 'pressing issues': US

US Secretary of State Mike Pompeo cancelled a Germany visit Tuesday hours before he was due to arrive in a move that did little to alleviate diplomatic strain between the traditional allies. The no-show came at a time when President Donald Trump has repea
Published 08 May, 2019 12:00am
Strong 7.2 earthquake rocks Papua New Guinea

Strong 7.2 earthquake rocks Papua New Guinea

A powerful but deep 7.2-magnitude earthquake rocked Papua New Guinea on Tuesday, officials said, cutting power and knocking items off shelves though there were no immediate reports of serious damage. The quake struck at a depth of 127 kilometers (80 miles
Published 08 May, 2019 12:00am
Myanmar frees two Reuters journalists after global outrage

Myanmar frees two Reuters journalists after global outrage

Two Reuters journalists jailed for their reporting on the Rohingya crisis in Myanmar walked out of prison on Tuesday, freed in a presidential amnesty after a vigorous global campaign - and backroom diplomacy - for their release. Wa Lone and Kyaw Soe Oo we
Published 08 May, 2019 12:00am
CPJ hails release of Reuters journalists

CPJ hails release of Reuters journalists

Reuters' journalists Wa Lone and Kyaw Soe Oo were released Tuesday from a Yangon prison in Myanmar as part of a presidential pardon, after spending more than 500 days behind bars, Reuters reported. The journalists were released in a mass amnesty of prison
Published 08 May, 2019 12:00am
Danish VAT food fraud funded Spanish jihadi cell

Danish VAT food fraud funded Spanish jihadi cell

A Spanish jihadist cell funded itself through tax fraud on chicken, cheese and chocolate sold in Denmark, according to an investigation published Tuesday led by non-profit European newsroom Correctiv. The cell had raised at least eight million euros ($9 m
Published 08 May, 2019 12:00am
Trump pardons US Army officer convicted of killing Iraqi

Trump pardons US Army officer convicted of killing Iraqi

President Donald Trump has granted a full pardon to a former US Army officer convicted of the 2009 murder of an Iraqi detainee. Michael Behenna, 35, a former lieutenant in the 101st Airborne Division from Oklahoma, was released from prison in 2014 after s
Published 08 May, 2019 12:00am
Sri Lanka says jihadi threat persists despite arrests

Sri Lanka says jihadi threat persists despite arrests

Sri Lankan authorities have arrested or killed all the jihadists responsible for Easter suicide bombings, but the island still faces the threat of "global terrorism," the prime minister said Tuesday. Ranil Wickremesinghe told parliament that his Buddhist-
Published 08 May, 2019 12:00am
Asia's gasoline crack slips to six-session low

Asia's gasoline crack slips to six-session low

Asia's gasoline crack slipped to a six-session low of $6.11 a barrel as renewed Sino-US trade tensions and ample prompt supplies weighed on market sentiment, trade sources said. The gasoline crack hit at a three-session high of $6.97 a barrel on Friday.
Published 08 May, 2019 12:00am
Activities of Karachi and Qasim Ports

Activities of Karachi and Qasim Ports

The Karachi Port handled 118,202 tonnes of cargo comprising 82,727 tonnes of import cargo and 35,475 tonnes of export cargo including 4,345 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 82
Published 08 May, 2019 12:00am
Rains boost Ivory Coast cocoa crop after dry spell

Rains boost Ivory Coast cocoa crop after dry spell

Rainfall increased over most of Ivory Coast's cocoa-growing regions last week, farmers said on Monday, raising hopes for a recovery in growth after the mid-crop suffered from atypically dry weather last month. The rainy season in the world's top cocoa pro
Published 08 May, 2019 12:00am
CBOT wheat futures face technical selling

CBOT wheat futures face technical selling

Chicago Board of Trade wheat futures faced technical selling and market pressures on Monday, struggling to shake off trader worries about overall US exports after US President Donald Trump said he would raise tariffs on Chinese goods this week. CBOT July
Published 08 May, 2019 12:00am
Euronext wheat futures little changed

Euronext wheat futures little changed

Euronext wheat futures ended little changed on Monday, recovering from contract lows fuelled by investor worries over a US threat to raise tariffs on Chinese goods. Late frosts across France and elsewhere in western Europe failed to support Euronext, with
Published 08 May, 2019 12:00am
European gasoline margins fall

European gasoline margins fall

Northwest European gasoline refining margins, weighed down by high stockpiles, fell on Friday from an eight-month high which had been fuelled by strong US demand and lower crude oil prices. Poland, Hungary and the Czech Republic are making available to th
Published 08 May, 2019 12:00am
CBOT corn futures fall sharply

CBOT corn futures fall sharply

Chicago Board of Trade corn futures, which rallied last week as rain hampered planting in the US Midwest, fell sharply on Monday, as renewed trade tensions between Washington and Beijing cooled hopes of a deal that would boost US grain exports to China. U
Published 08 May, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,750. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.615 billion and the number of lots traded 13,698.
Published 08 May, 2019 12:00am
Sterling slides on Brexit nerves, pressure on PM
Currency

Sterling slides on Brexit nerves, pressure on PM

Sterling slid nearly half a percent on Monday on rising concerns about the progress of Brexit negotiations and worries Prime Minister Theresa May is facing a mounting challenge to her leadership. May is set to meet Graham Brady, chairman of an influential
Published 08 May, 2019 12:00am
Aussie rallies as RBA holds rates

Aussie rallies as RBA holds rates

The Australian dollar rallied on Tuesday after the country's central bank defied pressure for an immediate cut in interest rates, though it left the door wide open for an easing should the jobs market not stay strong. The Aussie dollar popped up almost ha
Published 08 May, 2019 12:00am
Sri Lankan rupee gains
Currency

Sri Lankan rupee gains

The rupee closed firmer on Tuesday on dollar selling by banks, snapping an eight-session losing streak and off a near six-week low hit on Monday after lingering investor concerns following the Easter Sunday bombings. The rupee ended at 176.90/177.10 per d
Published 08 May, 2019 12:00am
Turkish lira, markets fall after vote results scrapped
Currency

Turkish lira, markets fall after vote results scrapped

Turkish financial markets tumbled on Tuesday after the elections board ruled to scrap and re-run Istanbul elections, with the lira down 1.3 percent to its weakest level since last year's currency crisis was waning in October. The Turkish lira stood at 6.1
Published 08 May, 2019 12:00am
Most Asian currencies up; baht leads gains
Currency

Most Asian currencies up; baht leads gains

Most emerging Asian currencies rose against the dollar on Tuesday, on hopes trade negotiations between the United States and China will resume this week and make progress in spite of President Donald Trump's threat to raise tariffs on more Chinese goods.
Published 08 May, 2019 12:00am
Dollar eases against major currencies in New York
Currency

Dollar eases against major currencies in New York

The US dollar slipped to a five-week low against the yen and fell versus other currencies on Monday after US President Donald Trump said he would sharply raise tariffs on Chinese goods this week, risking the derailment of trade talks between Washington an
Published 08 May, 2019 12:00am
Early trade in New York: Dollar ticks up, yuan weakens
Currency

Early trade in New York: Dollar ticks up, yuan weakens

The US dollar rose and the Chinese offshore yuan stayed hobbled near 2-1/2 month lows on Tuesday after US President Donald Trump's threat of additional tariffs on Chinese goods rattled traders, though both moves were modest. Unlike on Monday, foreign exch
Published 08 May, 2019 12:00am
Yuan struggles near 2-1/2 month low in Europe
Currency

Yuan struggles near 2-1/2 month low in Europe

The Chinese offshore yuan remained hobbled near 2-1/2 month lows on Tuesday after US President Donald Trump's threat of additional tariffs on Chinese goods rattled traders, although broader currency markets were largely stable. Foreign exchange traders ha
Published 08 May, 2019 12:00am
Aussie jumps, US dollar down in Asian trade
Currency

Aussie jumps, US dollar down in Asian trade

The Australian dollar sharply rose on Tuesday after the country's central bank held rates at a record low, dashing speculation it may ease policy following a below-par reading of inflation. The Aussie was last up about 0.7 percent at $0.7035 after the Res
Published 08 May, 2019 12:00am
Flintoff tells England to drop 'anyone' to get Archer in squad

Flintoff tells England to drop 'anyone' to get Archer in squad

Andrew Flintoff has urged England to drop "anyone" in order to make sure Jofra Archer has a place in their World Cup squad. The past week has seen Barbados-born paceman Archer show glimpses of his talent while making one-day international and Twenty20 deb
Published 08 May, 2019 12:00am
SA bowler Nortje ruled out of World Cup

SA bowler Nortje ruled out of World Cup

Fast bowler Anrich Nortje will miss the Cricket World Cup because of a broken right thumb, Cricket South Africa announced on Tuesday. Nortje will be replaced by fast bowling all-rounder Chris Morris, who has not played in a one-day international since Feb
Published 08 May, 2019 12:00am
Trump awards Presidential Medal of Freedom to Tiger Woods

Trump awards Presidential Medal of Freedom to Tiger Woods

Tiger Woods, fresh off his epic comeback victory in the Masters, was awarded the Presidential Medal of Freedom by President Donald Trump at the White House on Monday. Presenting the golfing great with the nation's highest honor, Trump praised Woods' "rele
Published 08 May, 2019 12:00am
Marathon season as Australia host Pakistan, New Zealand, Sri Lanka

Marathon season as Australia host Pakistan, New Zealand, Sri Lanka

Australia will play back-to-back pink-ball Tests against Pakistan and New Zealand in a marathon international cricket season spanning almost five months and wrapping up next March, the latest finish since the 1970s. Brisbane's Gabba hosts the first of two
Published 08 May, 2019 12:00am
Shah Dost de-notified as PCB's BoG member

Shah Dost de-notified as PCB's BoG member

Former Justice Fazal-e-Miran Chauhan, a member of the independent Panel of Adjudicators, has set aside elections of President, District Cricket Association, Turbat, and President, Regional Cricket Association, Quetta and ordered fresh elections.
Published 08 May, 2019 12:00am
West Indies batsman Seymour Nurse dies

West Indies batsman Seymour Nurse dies

Former West Indies batsman Seymour Nurse has died at the age of 85 after a long illness. Barbados-born Nurse made his Test debut against England in 1960 and was a powerful middle-order batsman and top-class fielder.
Published 08 May, 2019 12:00am
PCB felicitates Aleem Dar on completing 200-ODI milestone

PCB felicitates Aleem Dar on completing 200-ODI milestone

The Pakistan Cricket Board (PCB) has congratulated Aleem Dar on reaching the 200-ODI milestone when he took the field in Dublin for the match between Bangladesh and the West Indies. Aleem, an ICC elite panelist and winner of the David Shepherd Trophy for
Published 08 May, 2019 12:00am
Djokovic destroys Fritz in solid Madrid start

Djokovic destroys Fritz in solid Madrid start

Novak Djokovic needed just 65 minutes to make a winning start at the Madrid Open on Tuesday, hammering Taylor Fritz 6-4, 6-2 to reach the third round. The top seed and world number one broke three times as he schooled the American.
Published 08 May, 2019 12:00am
Afghanistan eye World Cup semis with Naib at helm, says chief selector

Afghanistan eye World Cup semis with Naib at helm, says chief selector

Senior Afghanistan players have accepted the leadership change ahead of the World Cup as they target a semi-final spot in the 50-over showpiece event, chief selector Dawlat Khan Ahmadzai said Tuesday. Gulbadin Naib replaced Asghar Afghan as Afghanistan's
Published 08 May, 2019 12:00am
US-China trade concerns weigh on FTSE 100

US-China trade concerns weigh on FTSE 100

Britain's main stock index tumbled to a near six-week low on Tuesday as investors returned from a long weekend to a threat of more US tariffs on China that triggered a selloff led by oil majors and banks. The FTSE 100 slumped 1.6 percent, while midcaps we
Published 08 May, 2019 12:00am
Most Southeast Asian stocks rise

Most Southeast Asian stocks rise

Most Southeast Asian stocks ended higher on Tuesday after fears about trade war escalation were calmed as Beijing said a Chinese delegation was preparing to travel to Washington for talks. Beijing confirmed that its top negotiator, Vice Premier Liu He, wo
Published 08 May, 2019 12:00am
European shares slide, volatility jumps

European shares slide, volatility jumps

European shares slid on Tuesday as risk appetite took a hit from the European Commission trimming eurozone growth forecasts and pessimism among investors on the path ahead for US-China trade talks. The European Commission now expects euro zone growth of 1
Published 08 May, 2019 12:00am
China stocks climb
Currency

China stocks climb

Shares in China climbed on Tuesday after Beijing said it is sending its top official to the United States this week for trade talks, despite the White House threatening fresh tariffs. The markets managed to claw back some of the losses from Monday's sell-
Published 08 May, 2019 12:00am
Indian shares plummet

Indian shares plummet

Indian shares fell sharply on Tuesday to mark their worst close in nearly six weeks, dragged lower by index heavyweights such as Reliance Industries Ltd, amid lingering trade tensions between the United States and China. US President Donald Trump's latest
Published 08 May, 2019 12:00am
Treasury yields down

Treasury yields down

US Treasury yields fell on Monday, as investors favored low-risk government bonds over stocks and other risky assets due to worries about a global slowdown stemming from renewed trade tension between China and the United States. Wall Street's major indexe
Published 08 May, 2019 12:00am
Treasury yields down

Treasury yields down

US Treasury yields fell on Monday, as investors favored low-risk government bonds over stocks and other risky assets due to worries about a global slowdown stemming from renewed trade tension between China and the United States. Wall Street's major indexe
Published 08 May, 2019 12:00am
Wall Street falls as White House vows to raise China tariffs

Wall Street falls as White House vows to raise China tariffs

US stocks fell on Monday after President Donald Trump pledged to raise tariffs on Chinese goods, though Wall Street finished well off its session lows as some investors saw Trump's comments as a bargaining tactic and expressed confidence in an eventual tr
Published 08 May, 2019 12:00am
Ethiopian clothes makers worst paid in the world

Ethiopian clothes makers worst paid in the world

Ethiopia's clothes factory workers, producing items for top fashion brands including Guess, H&M and Calvin Klein, are the worst paid in the world, earning only $26 (23 euros) a month, a report said Tuesday.
Published 08 May, 2019 12:00am
EU cuts eurozone growth forecast as Italy debt soars
Currency

EU cuts eurozone growth forecast as Italy debt soars

The European Commission cut its eurozone growth forecast for 2019 on Tuesday, with overspending by populist-run Italy again a concern. In its quarterly forecast, the EU executive blamed the downward trend on the slowdown in China and US protectionism that
Published 08 May, 2019 12:00am
Ramazan: the month of blessings

Ramazan: the month of blessings

The month of Ramazan brings an opportunity to boost spiritual and physical harmony. During the whole month of Ramazan a psychological and physiological equilibrium is established restoring synchronisation to every faster's body, mind, and soul. According
Published 08 May, 2019 12:00am
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