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Print - 2019-09-10
The Weather

The Weather

The weather report on Monday (September 09, 2019) and the forecast for Tuesday (September 10, 2019).

Updated 11 Sep, 2019 05:04am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Updated 11 Sep, 2019 05:55am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Updated 11 Sep, 2019 06:02am
Copper slides, demand doubts reinforced by China data
Exchange

Copper slides, demand doubts reinforced by China data

Copper prices slipped on Monday as expectations of weak demand in top consumer China were reinforced by data showing a surprise fall in its exports, but losses were limited by the likelihood of policy stimulus to shore up growth.
Published 10 Sep, 2019 12:00am
Tokyo rubber futures flat
Exchange

Tokyo rubber futures flat

Tokyo Commodity Exchange (TOCOM) futures ended flat on Monday as hopes for an economic stimulus by top buyer China to shore up the flagging economy were offset by lingering worries about oversupply in Asia.
Published 10 Sep, 2019 12:00am
Euronext wheat prices climb

Euronext wheat prices climb

Euronext wheat prices were lifted on Monday by a technical rally in Chicago and as traders weighed up results of a first Saudi tender to allow Black Sea origins to compete in a key export market for European Union wheat.
Published 10 Sep, 2019 12:00am
Gold falls to 2-week low in Europe

Gold falls to 2-week low in Europe

Gold fell to an over two-week low on Monday, briefly breaking below the key $1,500 support, as renewed risk appetite and gaining US yields outweighed support for bullion from expectations for interest rate reductions by top central banks.
Published 10 Sep, 2019 12:00am
US MIDDAY: Corn, soya strike fresh lows

US MIDDAY: Corn, soya strike fresh lows

US corn futures fell to contract lows on Monday and soyabeans slid to 3-1/2 month lows on crop-boosting weather and weak demand before short-covering and technical buying helped both markets pare losses.
Published 10 Sep, 2019 12:00am
US MIDDAY: Gold dips

US MIDDAY: Gold dips

Gold fell to an over two-week low on Monday, briefly breaking below the key $1,500 support, as renewed risk appetite and gaining US yields outweighed support for bullion from expectations for interest rate reductions by top central banks.
Published 10 Sep, 2019 12:00am
Big Tech backlash kicks into gear with antitrust moves

Big Tech backlash kicks into gear with antitrust moves

The backlash against Big Tech heads into a new phase Monday with another broad antitrust investigation, highlighting the mounting legal challenges facing the dominant online platforms.
Published 10 Sep, 2019 12:00am
New Saudi oil minister endorses production cuts

New Saudi oil minister endorses production cuts

Saudi Arabia's new energy minister, Prince Abdulaziz bin Salman, said Monday that oil production cuts would benefit all exporting nations, in an indication he will support further reductions to address an oversupplied market and sagging prices.
Published 10 Sep, 2019 12:00am
US economy untouched by trade war: Mnuchin

US economy untouched by trade war: Mnuchin

US Treasury Secretary Steven Mnuchin on Monday said America's economy was unscathed after more than a year of entrenched trade conflict with China and Europe.
Published 10 Sep, 2019 12:00am
UK economy shows unexpected strength

UK economy shows unexpected strength

Britain's economy picked up more than expected in July, data showed on Monday, dampening fears that it will succumb to its first recession since the financial crisis as the Brexit crisis escalates.
Published 10 Sep, 2019 12:00am
Nissan CEO resigns amid pay probe

Nissan CEO resigns amid pay probe

Nissan's CEO said Monday he will step down next week, deepening the crisis at the Japanese car giant still reeling from the arrest and ouster of former chief Carlos Ghosn's over alleged financial misconduct.
Published 10 Sep, 2019 12:00am
German export rise gives flagging economy glimmer of hope

German export rise gives flagging economy glimmer of hope

German exports rose in July, data showed on Monday, marking an unexpectedly solid start to the third quarter for the engine room of Europe's largest economy and suggesting it may withstand some of the impact of tariff disputes and Brexit uncertainty.
Published 10 Sep, 2019 12:00am
China's Geely takes stake in German Volocopter

China's Geely takes stake in German Volocopter

German 'flying taxi' developer Volocopter said Monday it had raised 50 million euros ($55.1 million) from investors including automaker Geely, risking a revived debate about Chinese investments in EU firms.
Published 10 Sep, 2019 12:00am
China data centres set to consume more power than Australia

China data centres set to consume more power than Australia

China's data centres - the backbone of the country's fast-growing digital economy - are on track to guzzle more electricity by 2023 than all of Australia last year, said a Greenpeace report published Monday.
Published 10 Sep, 2019 12:00am
Saudi index edges up, Abu Dhabi slips
Exchange

Saudi index edges up, Abu Dhabi slips

Saudi Arabia's stock exchange recovered from earlier losses to close a touch higher on Monday amid expectations of billions of dollars more in passive fund inflows, while Abu Dhabi fell for a third straight session. The Saudi index inched up 0.1% with Al
Published 10 Sep, 2019 12:00am
SE Asian stocks up

SE Asian stocks up

Southeast Asian stock markets closed slightly higher in thin-volume trade on Monday, as investors shrugged off an easing in lending norms by the Chinese central bank and waited for more clarity on monetary easing by other major central banks. Investors no
Published 10 Sep, 2019 12:00am
Monday's early afternoon trade: Tech, healthcare weigh on Wall Street

Monday's early afternoon trade: Tech, healthcare weigh on Wall Street

Early gains on Wall Street fizzled out by afternoon on Monday as losses in technology and healthcare stocks overshadowed increased expectations of stimulus from central banks around the world. Microsoft Corp and Amgen Inc were among the biggest drags on t
Published 10 Sep, 2019 12:00am
China blue-chip stocks up for 7th day, yuan slips
Exchange

China blue-chip stocks up for 7th day, yuan slips

China's yuan lost ground against the US dollar on Monday, while stocks climbed, after Beijing rolled out fresh stimulus to underpin the economy against stiff trade tariffs and sluggish domestic demand.
Published 10 Sep, 2019 12:00am
European stocks down
Exchange

European stocks down

European stocks finished lower on Monday as Britain's export-heavy FTSE index tumbled due to a stronger pound, while selling in defensive sectors such as healthcare and utilities dented early gains in markets. After rising as much as 0.2% after a surprise
Published 10 Sep, 2019 12:00am
Aussie, kiwi little changed

Aussie, kiwi little changed

The Australian and New Zealand dollars were little changed against the greenback on Monday after gaining in the past four sessions as expectations global central banks would support world growth gave investors confidence in riskier assets. The Australian
Published 10 Sep, 2019 12:00am
Most Asian currencies up

Most Asian currencies up

Most emerging Asian currencies strengthened against the dollar on Monday, as remarks from the US Federal Reserve chief reaffirmed expectations for another rate cut, while the yuan eased after Beijing's latest stimulus measures. Fed Chairman Jerome Powell
Published 10 Sep, 2019 12:00am
Sterling retreats from six-week highs
Currency

Sterling retreats from six-week highs

Sterling trimmed earlier gains on Monday as punters took profits after a rally lifted the British currency to six-week highs thanks to surprisingly strong data and hopes that Britain will not crash out of the European Union without a deal.
Published 10 Sep, 2019 12:00am
Euro under pressure in Asia
Exchange

Euro under pressure in Asia

The euro was under pressure on Monday ahead of a European Central Bank meeting later this week at which policymakers are expected to deliver new stimulus to bolster a flagging regional economy.
Published 10 Sep, 2019 12:00am
Early trade in New York: euro gains on hopes of German fiscal stimulus

Early trade in New York: euro gains on hopes of German fiscal stimulus

The euro rose on Monday after a report that Germany may boost fiscal stimulus increased hopes that governments will act to boost growth in the region, though expectations of further central bank easing kept a lid on gains. Germany is considering the creat
Published 10 Sep, 2019 12:00am
Euro remains subdued in European trade
Currency

Euro remains subdued in European trade

The euro stayed on the back foot on Monday, having dropped to a five-day low against the dollar overnight, as investors remained convinced the European Central Bank will introduce a new wave of monetary stimulus at its meeting on Thursday. Leveraged funds
Published 10 Sep, 2019 12:00am
Investors with $11 trillion in assets pledge shift from fossil fuels

Investors with $11 trillion in assets pledge shift from fossil fuels

Institutional investors holding assets worth $11 trillion have now pledged to divest from fossil fuel assets, a significant jump in the number committing to clean energy, a report said on Monday. A growing number of investment and wealth funds have been l
Published 10 Sep, 2019 12:00am
With one suicide every 40 seconds, WHO urges action

With one suicide every 40 seconds, WHO urges action

Nearly 800,000 people commit suicide each year - more than those killed by war and homicide or breast cancer, the World Health Organization said Monday, urging action to avert the tragedies. In a fresh report, the UN health agency said that the global sui
Published 10 Sep, 2019 12:00am
Kremlin suffers losses in Moscow city vote after protests

Kremlin suffers losses in Moscow city vote after protests

Pro-Kremlin candidates suffered major losses in a Moscow city election, results showed Monday, following a police crackdown on a wave of anti-government protests over the summer. But President Vladimir Putin's spokesman Dmitry Peskov played down the losse
Published 10 Sep, 2019 12:00am
UN sounds alarm over climate change's impact on human rights

UN sounds alarm over climate change's impact on human rights

Climate change is not only having a devastating impact on the environments we live in, but also on respect for human rights globally, the UN warned Monday, urging collective action. UN rights chief Michelle Bachelet cited the civil wars sparked by a warmi
Published 10 Sep, 2019 12:00am
Air strikes kill 18 pro-Iran fighters in east Syria

Air strikes kill 18 pro-Iran fighters in east Syria

Air strikes hit positions of pro-Iranian forces and allied militias in eastern Syria overnight, killing 18 fighters, a war monitor said Monday. It was not clear who carried out the raids in the region of Albu Kamal near the border with Iraq, according to
Published 10 Sep, 2019 12:00am
Bangladesh halts new SIM card sale in Rohingya camps

Bangladesh halts new SIM card sale in Rohingya camps

Bangladesh mobile operators have on government orders stopped selling new SIM cards to Rohingya refugees, officials said Monday, in a further sign of Dhaka's impatience following the latest failed repatriation move. Bangladesh has been hosting around a mi
Published 10 Sep, 2019 12:00am
EU becoming 'resort' for Venezuela regime: US envoy

EU becoming 'resort' for Venezuela regime: US envoy

The US pointman on Venezuela on Monday accused the EU of dragging its feet over sanctions, saying Europe was becoming a playground for President Nicolas Maduro's cadres and their mistresses and children. Elliott Abrams, US special representative on Venezu
Published 10 Sep, 2019 12:00am
Netanyahu accuses Iran of destroying secret 'nuclear site'

Netanyahu accuses Iran of destroying secret 'nuclear site'

Israeli Prime Minister Benjamin Netanyahu on Monday accused Iran of having a previously undisclosed site aimed at developing nuclear weapons that it destroyed. Iran destroyed the site located near the city of Abadeh, south of Isfahan, sometime between lat
Published 10 Sep, 2019 12:00am
New EU Commission to have almost as many women as men

New EU Commission to have almost as many women as men

Incoming EU president Ursula von der Leyen's European Commission will meet her gender balance target, with 13 women and 14 men leading the bloc's new executive. The lineup was announced on Monday, the day before von der Leyen is to assign roles to the nom
Published 10 Sep, 2019 12:00am
Abdalla named first female foreign minister

Abdalla named first female foreign minister

Asma Mohamed Abdalla, a seasoned diplomat who was sacked decades ago by now ousted leader Omar al-Bashir, has become Sudan's first female foreign minister as the country transitions to civilian rule. Born in 1946, Abdalla was sworn in on Sunday as a membe
Published 10 Sep, 2019 12:00am
France says 'time has come' to ease tensions with Russia
Exchange

France says 'time has come' to ease tensions with Russia

France said on Monday that the time had come to start easing tensions with Russia as senior ministers held four-way talks in Moscow not seen since the crisis over Ukraine broke out. French Foreign Minister Jean-Yves Le Drian said there was a "window of op
Published 10 Sep, 2019 12:00am
Europe's clubs divided over Champions League reform

Europe's clubs divided over Champions League reform

The battle over the future of the Champions League will resume on Monday and Tuesday when the European Club Association (ECA) meets in Geneva and the leadership faces rebellion from members.
Published 10 Sep, 2019 12:00am
Holders US set up quarters against France

Holders US set up quarters against France

Reigning two-time champions the United States are building a head of steam at the Basketball World Cup and dismissed Brazil 89-73 on Monday to set up a quarter-final with France.
Published 10 Sep, 2019 12:00am
Greece fury after NBA MVP Antetokounmpo exits World Cup

Greece fury after NBA MVP Antetokounmpo exits World Cup

Greece are calling for the officials who oversaw their final game at the Basketball World Cup to be banned after NBA MVP Giannis Antetokounmpo and his team exited the tournament amid rancour on Monday.
Published 10 Sep, 2019 12:00am
IAAF bans Diack's legal advisor Cisse for life

IAAF bans Diack's legal advisor Cisse for life

Habib Cisse, the former legal advisor to disgraced IAAF president Lamine Diack, was on Monday banned from athletics for life for his role in obstructing sanctions against Russia for doping in return for payments.
Published 10 Sep, 2019 12:00am
Nadal wins 19th Slam title by edging five-set US Open thriller

Nadal wins 19th Slam title by edging five-set US Open thriller

Delivering one of his most dramatic major final performances, Rafael Nadal captured his 19th career Grand Slam title Sunday by winning his fourth US Open, outlasting Russia's Daniil Medvedev 7-5, 6-3, 5-7, 4-6, 6-4.
Published 10 Sep, 2019 12:00am
Oil gets boost as new Saudi minister commits to output cuts

Oil gets boost as new Saudi minister commits to output cuts

Oil prices rose about 2% on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that he would stick with his country's policy of limiting crude output to support prices. Prince Abdulaziz, son of Saudi King Salma
Published 10 Sep, 2019 12:00am
SSIC issues final notice to all allottees

SSIC issues final notice to all allottees

Sindh Small Industries Corporation (SSIC) has issued fifteen days final notice to all allottees of industrial and commercial plots at Small Industrial Estates & Industrial Parks, asking them to establish their proposed units within prescribed period and p
Published 10 Sep, 2019 12:00am
Facebook combating vaccine related misinformation in Pakistan

Facebook combating vaccine related misinformation in Pakistan

In order to combat misinformation related to vaccine, Facebook has launched an in-product education tool that allows its users in Pakistan to connect to information about vaccines from the World Health Organisation (WHO).
Published 10 Sep, 2019 12:00am
Hot, humid weather likely on Ashura

Hot, humid weather likely on Ashura

Hot and humid weather is expected in the country on Ashura Day: 10th Muharram, Monday the Met Office forecast.
Published 10 Sep, 2019 12:00am
Measures intact to ensure steady supply of water to sabeels

Measures intact to ensure steady supply of water to sabeels

Sindh government with a view to facilitate the participants of processions, being taken out on Muharram 9th and 10th, has activated Karachi Water and Sewerage Board (KWSB) to ensure regular water supply through its tankers to the sabeels established on th
Published 10 Sep, 2019 12:00am
IOK needs action not only words, Maleeha tells UN

IOK needs action not only words, Maleeha tells UN

Pakistan's Ambassador to the United Nations Maleeha Lodhi has called for action on part of the UN, not just words, to deal with the grave crisis stemming from India's "illegal" annexation of occupied Kashmir and to push for the implementation of the Secur
Published 10 Sep, 2019 12:00am
Sustainable economic stability prerequisite: Iftikhar Malik

Sustainable economic stability prerequisite: Iftikhar Malik

Senior Vice President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik on Monday said that sustainable and durable economic stability is prerequisite for survival of the country and strengthening of democracy. The SAARC Chamber's senior vice pres
Published 10 Sep, 2019 12:00am
Police stations: Punjab police ban using cellphones

Police stations: Punjab police ban using cellphones

Amidst rising cases of custodial deaths, the Punjab police have banned the use of cellphones by officers while on duty and barred them from capturing videos of other police personnel on duty. The ban comes after several cases came to light in recent days
Published 10 Sep, 2019 12:00am
Rs 2048.9 million approved to raise sugarcane productivity in Punjab

Rs 2048.9 million approved to raise sugarcane productivity in Punjab

Executive Committee of National Economic Council (ECNEC) has approved the national programme worth Rs 2048.90 million for enhancing the productivity of sugarcane in the Punjab province. The programme named as 'National Programme for enhancing profitabilit
Updated 11 Sep, 2019 06:17am
Tragedy of Karbala teaches patience, sacrifice: Sarwar

Tragedy of Karbala teaches patience, sacrifice: Sarwar

Punjab Governor Chaudhary Muhammad Sarwar on Monday said that the tragedy of Karbala teaches us patience, sacrifice, brotherhood and co-existence. In his message for Youm-e-Ashur, the Governor said, "The sacrifice of Hazrat Imam Hussain (RA) has made the
Published 10 Sep, 2019 12:00am
Ghusl ceremony of Data shrine performed

Ghusl ceremony of Data shrine performed

The "ghusl" ceremony of the shrine of Hazrat Ali Hajveri, popularly known as Data Ganj Bakhsh was performed, here on Monday. Chief Minister Punjab Sardar Usman Buzdar performed the ghusal ceremony by washing the grave with rose water. Provincial Minister
Published 10 Sep, 2019 12:00am
Lawyers to initiate legal action against police officials

Lawyers to initiate legal action against police officials

President Sheikhupura and Ferozwala Bar Associations have announced to initiate legal action against the senior police officials involved in humiliating a lawyer by letting the complainant lady constable paraded him handcuffed. Addressing a press conferen
Published 10 Sep, 2019 12:00am
JI chief warns govt against US, Indian designs on Kashmir

JI chief warns govt against US, Indian designs on Kashmir

Jamaat-e-Islami Chief Sirajul Haq has warned the government and Kashmiri leadership against the US and Indian designs on Kashmir. "Washington wants division of the disputed region on permanent basis while turning Pakistan into desert by blocking its water
Published 10 Sep, 2019 12:00am
Businesses: Forceful monitoring by FBR staff inflicts negative impact

Businesses: Forceful monitoring by FBR staff inflicts negative impact

Entering of the field formation staff of the Federal Board of Revenue (FBR) to business premises and forceful monitoring of stock, production and supply of manufactured goods without any prior intimation, notice or any show-cause notice has inflicted a ne
Updated 11 Sep, 2019 06:25am
Foolproof steps taken to secure 9th Muharram's procession

Foolproof steps taken to secure 9th Muharram's procession

Main procession of Taazia and Zuljinah was taken out from Markazi Imambargah G-6/2 and concluded at the same place after passing through the traditional route. A large number of mourners are participating in the procession. Foolproof measures have been ta
Published 10 Sep, 2019 12:00am
KP government has Rs 20 billion Hydel Development Fund

KP government has Rs 20 billion Hydel Development Fund

The provincial government of Khyber Pakhtunkhwa has an amount of over Rs 20 billion in its Hydel Development Fund (HDF), said the White Paper of the KP government on the annual budget 2019-20.
Published 10 Sep, 2019 12:00am
9th Muharram processions held peacefully in Peshawar

9th Muharram processions held peacefully in Peshawar

Amid tight security, the Shia community on Monday commemorated 9th of Muharram with religious zeal and reverence in Peshawar to pay homage to the sacrifices of Hazrat Imam Hussain (RA) and his companions in Karbala. However, the security measures adopted
Published 10 Sep, 2019 12:00am
Fight falsehood, tyranny and oppression at all costs: Zardari

Fight falsehood, tyranny and oppression at all costs: Zardari

Co-chairman Pakistan Peoples Party (PPP) Asif Ali Zardari on Monday in his underlying message on Youm-e-Ashur has urged to resist falsehood, tyranny and oppression at all costs, at all times and under all circumstances.
Published 10 Sep, 2019 12:00am
Quake jolts Peshawar, other parts of KP

Quake jolts Peshawar, other parts of KP

A moderate earthquake jolted Peshawar and other parts of Khyber Pakhtunkhwa and rest of the country on Monday. The intensity of the tremors was recorded 5 on the Richter scale, suggested reports. The Met office said that the epic-center of the earthquake
Published 10 Sep, 2019 12:00am
ANP leader rules out compromise on party discipline

ANP leader rules out compromise on party discipline

ANP Khyber Pakhtunkhwa chapter's president Aimal Wali Khan has ruled out any compromise on the party discipline, saying strong organisational structure require stern decisions.
Published 10 Sep, 2019 12:00am
NA speaker for maintaining unity, brotherhood

NA speaker for maintaining unity, brotherhood

Speaker, National Assembly Asad Qaiser calling upon the nation to rise above parochial differences, narrow mindedness, sectarianism, ethnicity and maintain harmony, unity and brotherhood in our ranks in accordance with golden principles of Islam and follo
Published 10 Sep, 2019 12:00am
Pakistani, Chinese air forces wrap up Shaheen-VIII exercises
Exchange

Pakistani, Chinese air forces wrap up Shaheen-VIII exercises

Chinese and Pakistani air forces wrapped up the half-month-long Shaheen VIII joint exercises in northwestern China, during which systematic mock battles were conducted for the first time. Multiple types of warplanes, surface-to-air missiles and radar inst
Published 10 Sep, 2019 12:00am
Asadullah elected CAP chairman for 2019-20

Asadullah elected CAP chairman for 2019-20

Members of the Constructors Association of Pakistan (CAP) have elected unopposed Muhammad Asadullah Khan as Chairman and Muhammad Ayub Sheikh Senior Vice Chairman respectively for the year 2019-2020.
Published 10 Sep, 2019 12:00am
Sri Lankan bureaucrats to get training in Pakistan

Sri Lankan bureaucrats to get training in Pakistan

A group of 20 high ranking Sri Lankan bureaucrats will arrive in Pakistan to undertake training programme which would be held from September 15 to 27 at the National School of Public Policy (NSPP). The training programme is organized by High Commission of
Published 10 Sep, 2019 12:00am
Qureshi arrives in Geneva to address UNHRC

Qureshi arrives in Geneva to address UNHRC

Foreign Minister Makhdoom Shah Mahmood Qureshi Monday arrived in Geneva on a three-day visit where he is scheduled to attend and address 42nd session of the UN Human Rights Council. Upon his arrival, the minister was received by Special Representative of
Published 10 Sep, 2019 12:00am
Youm-e-Ashur revives spirit of supreme sacrifices: PM

Youm-e-Ashur revives spirit of supreme sacrifices: PM

Prime Minister Imran Khan has said the great battle between the good and evil at Karbala reminded the Muslims that they should be ready to offer all kinds of sacrifices for the promotion of high values and principles of Islam.
Published 10 Sep, 2019 12:00am
India under Sangh Parivar

India under Sangh Parivar

This is apropos a Business Recorder op-ed "Silence of 'good people'" carried by the newspaper yesterday. The writer, Andleeb Abbas, has effectively highlighted the gross violations of human rights in occupied Kashmir and various parts of India. In
Published 10 Sep, 2019 12:00am
Afghan peace deal on the skids
Exchange

Afghan peace deal on the skids

The difficult, tortuous peace process in Afghanistan through talks between the US and the Taliban in Doha, Qatar, has come to an abrupt and unexpected halt. At this point, it is difficult to say whether the talks have been permanently halted or will begin
Updated 11 Sep, 2019 08:55am
Custodial deaths

Custodial deaths

Article 14 (2) of the Constitution of Pakistan states that "no person shall be subjected to torture for the purpose of extracting evidence." Yet third degree torture is routinely employed by police, especially in Punjab, to extract confessions from prison
Updated 11 Sep, 2019 11:35am
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