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Print - 2020-03-15
Kifalat programme: 70,000 new beneficiaries included in 15 districts

Kifalat programme: 70,000 new beneficiaries included in 15 districts

The government has informed the National Assembly that after the removal of the names of over 800,000 fake beneficiaries from the list of the Benazir Income Support Programme (BISP), some 4.4 million new names will be added to the social safety net.
Published 15 Mar, 2020 12:00am
Two boys reunited with their families

Two boys reunited with their families

Islamabad Khanna police on Saturday recovered two boys who went missing from the area of Khanna and reunited them with their families, a police spokesman said. He said that Naveed Ahmed resident of Khanna lodged the report with Khanna police station that
Published 15 Mar, 2020 12:00am
Journalist Aziz Memon's body to be exhumed today

Journalist Aziz Memon's body to be exhumed today

The body of journalist Aziz Memon will be exhumed today for his second post-mortem examination to ascertain the actual cause of his death. A three-member medical panel led by the medical superintendent of the PMC Hospital Nawabshah has been notified for t
Published 15 Mar, 2020 12:00am
PML-N lacks unanimous narrative: Firdous

PML-N lacks unanimous narrative: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Saturday said the Pakistan Muslim League-Nawaz lacked a unanimous narrative as its own members had been demanding the return of its leader Shahbaz Sharif from ab
Published 15 Mar, 2020 12:00am
US extends travel ban to UK, Ireland starting Tuesday

US extends travel ban to UK, Ireland starting Tuesday

Vice President Mike Pence announced Saturday that a travel ban imposed on European nations over the coronavirus pandemic would be extended to the United Kingdom and Ireland starting at 0400 GMT Tuesday. "Americans in the UK or Ireland can come home. Legal
Published 15 Mar, 2020 12:00am
Google building self-check website for coronavirus

Google building self-check website for coronavirus

US President Donald Trump announced Friday that internet giant Alphabet is creating a website where people will be able to check whether they have symptoms of the novel coronavirus. Verily Life Sciences, once a project in a Google X lab devoted to "moonsh
Published 15 Mar, 2020 12:00am
Countries bolster virus defences as infections cross 150,000

Countries bolster virus defences as infections cross 150,000

Governments around the world on Saturday shut more borders, as US President Donald Trump said he had taken a coronavirus test and the number of global cases crossed 150,000. France meanwhile ordered the closure of restaurants, bars, cinemas and nightclubs
Published 15 Mar, 2020 12:00am
Sindh shuts shrines, marriage halls and cinemas

Sindh shuts shrines, marriage halls and cinemas

Sindh Chief Minister Syed Murad Ali Shah Saturday directed closure of all the shrines, marriage lawns and cinema halls. Murad further ordered that educational process in Madressahs, training institutes, gyms, swimming pools, and Urs celebrations would als
Published 15 Mar, 2020 12:00am
Iqama holders: CAA seeks Saudis' approval to allow flight operations

Iqama holders: CAA seeks Saudis' approval to allow flight operations

Pakistan Civil Aviation Authority (CAA) has sought Saudi authorities' approval to allow Pakistani and Saudi Arabian airlines operators to continue flight operations up to Wednesday March 25 to transport passengers to their destinations. Pakistan previousl
Published 15 Mar, 2020 12:00am
More coronavirus cases emerge, tally jumps to 31

More coronavirus cases emerge, tally jumps to 31

More persons have tested positive for novel coronavirus (COVID-19), authorities confirmed on Saturday. As per details, the first was reported from Islamabad, while the second case detected in Sindh. According to Pakistan Institute of Medical Sciences (PIM
Published 15 Mar, 2020 12:00am
Afghan government delays Taliban prisoner release plan

Afghan government delays Taliban prisoner release plan

The Afghan government has postponed its plan to release Taliban prisoners, a senior official said Saturday, throwing a precarious peace process between the insurgents and Kabul into deeper crisis. President Ashraf Ghani earlier this week announced that th
Published 15 Mar, 2020 12:00am
Task force identifies impediments to export growth

Task force identifies impediments to export growth

The Commerce Ministry's "Make in Pakistan Task Force," the author of new five-year Strategic Trade Policy Framework (STPF), has asserted that the government's financial constraints and delay in payment of refunds are the main impediments to growth of expo
Published 15 Mar, 2020 12:00am
Anti-dumping duty will remain intact: PHC

Anti-dumping duty will remain intact: PHC

The anti-dumping duty imposed by the National Tariff Commission on the import of tinplate will remain intact, according to the latest order of the Peshawar High Court (PHC). The PHC, which had previously granted stay order against the imposition of anti-d
Published 15 Mar, 2020 12:00am
Dr Mubashir Hassan passes away

Dr Mubashir Hassan passes away

The old Pakistan Peoples Party (PPP) stalwart and veteran politician and former federal finance minister Dr Mubashir Hassan, passed away on Saturday. He was 98 and had been unwell and under treatment for the past three days. He is survived by his wife Dr
Published 15 Mar, 2020 12:00am
Spain imposes near total lockdown to fight virus

Spain imposes near total lockdown to fight virus

Spain on Saturday banned people from leaving home except to go to work or buy essential supplies, in a bid to slow the spread of coronavirus. Prime Minister Pedro Sanchez announced the restrictions on movement following a huge spike in the number of cases
Updated 15 Mar, 2020 04:46am
Syria death toll 384,000 after nine years of war: monitor

Syria death toll 384,000 after nine years of war: monitor

At least 384,000 people have died in Syria, including more than 116,000 civilians, since the war began in March 2011, the Syrian Observatory for Human Rights said on Saturday. Sparked by deadly repression of peaceful pro-democracy protests, the conflict h
Published 15 Mar, 2020 12:00am
Interest rate may be slashed by 200bps: Haroon

Interest rate may be slashed by 200bps: Haroon

Haroon Akhtar Khan, former special assistant to prime minister on revenue has said that some people in the current setup like to see him appointed as chairman of the Federal Board of Revenue (FBR) instead of SAPM, which was not acceptable to him. This, he
Published 15 Mar, 2020 12:00am
All parties should work together for new provinces: Abbasi

All parties should work together for new provinces: Abbasi

Pakistan Muslim League-Nawaz (PML-N) senior leader Shahid Khaqan Abbasi has urged all political parties to work together for establishment of new provinces and said that incumbent government is not representative of masses. Addressing a joint press confer
Published 15 Mar, 2020 12:00am
Microsoft co-founder Bill Gates leaves board

Microsoft co-founder Bill Gates leaves board

Microsoft on Friday announced that co-founder Bill Gates has left its board of directors to devote more time to philanthropy. The 64-year-old stopped being involved in day-to-day operations at the firm more than a decade ago, turning his attention to the
Published 15 Mar, 2020 12:00am
South Punjab Secretariat to be functional from July: Qureshi

South Punjab Secretariat to be functional from July: Qureshi

Foreign Minister Shah Mehmood Qureshi on Saturday said that the process to envisage South Punjab and materialize it into a reality should now be completed and everyone should support the idea. FM Qureshi said that the incumbent government does not seek an
Published 15 Mar, 2020 12:00am
Hindu group touts cow urine elixir for coronavirus

Hindu group touts cow urine elixir for coronavirus

Dozens of Hindu activists held a cow urine party in the Indian capital Saturday to protect themselves from the new coronavirus, as countries around the world struggle to control the deadly pandemic. Members and supporters of All India Hindu Mahasabha stag
Published 15 Mar, 2020 12:00am
Trump says he has taken coronavirus test, no result yet

Trump says he has taken coronavirus test, no result yet

President Donald Trump said Saturday he had taken a coronavirus test, as the White House began protectively checking the temperature of anyone coming into close contact with him or Vice President Mike Pence. Appearing at a White House news conference wher
Updated 15 Mar, 2020 04:46am
South Africans returned from virus-hit Wuhan

South Africans returned from virus-hit Wuhan

South Africa repatriated dozens of its citizens from China on Saturday over the coronavirus, the health ministry said, the first such move by a sub-Saharan country. The 146 South Africans were working and studying in Wuhan city, which was placed under loc
Published 15 Mar, 2020 12:00am
New rockets target Iraq base where US, UK troops killed

New rockets target Iraq base where US, UK troops killed

A fresh spate of rockets targeted an Iraqi base north of Baghdad on Saturday where foreign troops are deployed, Iraqi and US security sources told AFP, in a rare daytime attack. It was the 23rd such attack since late October on installations across Iraq w
Published 15 Mar, 2020 12:00am
US-Canada command says it intercepted Russian jets near Alaska

US-Canada command says it intercepted Russian jets near Alaska

Two pairs of Russian military reconnaissance aircraft have been intercepted near Alaska, the North American Aerospace Defense Command said Saturday. The Russian aircraft entered and remained in the air defense identification zone, a security perimeter in
Published 15 Mar, 2020 12:00am
'The lucky economy'
Letters

'The lucky economy'

This is apropos a Business Recorder op-ed "The lucky economy" carried by the newspaper yesterday. The writer, Syed Bakhtiyar Kazmi, who is very well-versed in economics and finance, has, however, advanced a somewhat strange argument by saying, amon
Published 15 Mar, 2020 12:00am
'Super-spreaders': COVID19 myth or reality?
Articles

'Super-spreaders': COVID19 myth or reality?

Can a single COVID-19 patient infect dozens of others? Although transmission rates in the current outbreak appear to be far lower, a variety of factors can lead to an individual infecting many. The concept of so-called "super-spreaders" - patients who typ
Published 15 Mar, 2020 12:00am
South Sudan's road to peace marred by 'unconscionable' violence
Articles

South Sudan's road to peace marred by 'unconscionable' violence

The cattle rustlers were asleep, resting ahead of a raid, when automatic gunfire tore through their camp. Ambushed by rival herdsmen, encircled and outgunned, they were cut down, one by one. Koba Ngacho was lucky. Shot three times and left for dead, the y
Published 15 Mar, 2020 12:00am
PSL - a homegrown global brand
Articles

PSL - a homegrown global brand

PSL is a success story which every Pakistani should be proud of. Fifth season (PSL 2020) has been fully hosted in Pakistan with packed stadiums, although not any more due to COVID-19; but the journey was not as smooth as it appears today. It took years of
Updated 15 Mar, 2020 06:41am
Maryam's public appearance

Maryam's public appearance

When on Thursday she broke her self-imposed silence after six long months, Maryam Nawaz, vice president of the PML-N and daughter of its supreme leader Mian Nawaz Sharif, incited considerable excitement, which is likely to prove short-lived, though. The o
Updated 16 Mar, 2020 08:48am
Zainab Alert Bill amendments

Zainab Alert Bill amendments

It has been a slow process though undertaken with due diligence that the issue deserved. Last January, the National Assembly passed the Zainab Alert, Response and Recovery Bill named after a little girl who was kidnapped, raped and murdered by a sexual pr
Updated 16 Mar, 2020 08:48am
The coronavirus spectre

The coronavirus spectre

Coronavirus has taken everybody by surprise. Those who thought they are too far from its epicenter in China to be infected are now in the midst of coronavirus storm, which retains its unpredictability as to how it would play out in weeks and months to com
Updated 16 Mar, 2020 08:48am
Former PTI MPA Khalil joins ANP

Former PTI MPA Khalil joins ANP

Another former PTI affiliated member of KP Assembly, Yasin Khan Khalil announced joining ANP here after meeting with the party president, Asfandyar Wali Khan at Wali Bagh, Charsadda on Saturday. He was invited by provincial president, Aimal Wali Khan a fe
Published 15 Mar, 2020 12:00am
'Opposition should not do politics over coronavirus'

'Opposition should not do politics over coronavirus'

Punjab Governor Chaudhry Mohammad Sarwar said on Saturday that opposition should not do politics on corona virus and support anti-coronavirus efforts of government institutions.
Published 15 Mar, 2020 12:00am
Sc show put off

Sc show put off

The Science for Sustainable Development Exhibition, which was to be organised by the Ministry of Foreign Affairs on 16-17 March 2020, has been postponed.
Published 15 Mar, 2020 12:00am
Hattar SEZ's progress reviewed
Business & Economy

Hattar SEZ's progress reviewed

A meeting of Khyber Pakhtunkhwa Board of Investment and Trade (BoIT) held the other day to discuss progress on ongoing work in Hattar Special Economic Zone (HSEZ) including provision of gas and electricity facilities.
Published 15 Mar, 2020 12:00am
Coronavirus: minister calls on LHC CJ

Coronavirus: minister calls on LHC CJ

Provincial Law Minister Raja Basharat on Saturday called on the Lahore High Court Chief Justice Mamun Rashid Sheikh and took him in confidence for not producing the prisoners before the courts.
Published 15 Mar, 2020 12:00am
Court asks NAB to facilitate Mir Shakil's family as per law

Court asks NAB to facilitate Mir Shakil's family as per law

An accountability court on Saturday directed the National Accountability Bureau (NAB) to decide as per law an application by the family of Jang Group editor-in-chief Mir Shakilur Rehman to visit him daily. Mir Shakil is on 12-day physical remand in a case
Published 15 Mar, 2020 12:00am
Two more coronavirus cases in Karachi

Two more coronavirus cases in Karachi

Two new cases of coronavirus have been diagnosed on Saturday, pushing the tally of COVID-19 patients to 17. Spokesperson for health department said that one case has travel history of Saudi Arabia, while other patient, 20, has no travel history; however t
Published 15 Mar, 2020 12:00am
Seventh polio case surfaces in KP

Seventh polio case surfaces in KP

A new case of polio case been confirmed in a 3-year-old girl of tribal district Khyber in Khyber Pakhtunkhwa here Saturday. The girl, who was diagnosed with the poliovirus, was previously administered polio vaccine during the anti-polio campaign.
Published 15 Mar, 2020 12:00am
Passengers to Saudi Arabia: NA speaker voices concern over extra fare

Passengers to Saudi Arabia: NA speaker voices concern over extra fare

The National Assembly Speaker, Asad Qaiser, has expressed serious concern over airlines receiving extra fare from passengers traveling to Saudi Arabia. The NA speaker contacted Minister for Aviation Ghulam Sarwar Khan and expressed his concern on addition
Published 15 Mar, 2020 12:00am
Bilawal demands justice for newsman's family

Bilawal demands justice for newsman's family

Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari has called for justice for the family of journalist, Javedullah Khan of Swat, who was martyred two weeks ago. Condemning the murder of Javedullah Khan, he expressed solidarity with his family.
Published 15 Mar, 2020 12:00am
Coronavirus: PM says there is no need for panic

Coronavirus: PM says there is no need for panic

Prime Minister Imran Khan on Saturday advised the people to follow the safety instructions issued by the government, saying that there is no need for panic.
Published 15 Mar, 2020 12:00am
Prices of essential kitchen items witness upward trend

Prices of essential kitchen items witness upward trend

Prices of essential kitchen items especially, wheat flour, milk, bread, milk cream and eggs have witnessed an increase during this past week as compared to the week before, a survey carried out by Business Recorder revealed here on Saturday.
Published 15 Mar, 2020 12:00am
Citrus exports jumped by 25,000 tonnes this season: PHDEC chief

Citrus exports jumped by 25,000 tonnes this season: PHDEC chief

Pakistani citrus has witness significant growth in the current season as citrus exports went up by 25,000 tons as compared to the last season. This was revealed by Nauman Aslam, chief executive officer, Pakistan Horticulture Development and Export Company
Published 15 Mar, 2020 12:00am
Law to be enforced to stop illegal construction: FDA DG

Law to be enforced to stop illegal construction: FDA DG

Director General FDA Muhammad Suhail Khawaja has said that strict enforcement of relevant law would be ensured to stop the establishment of illegal housing schemes and construction of buildings without approval of map & cite plan.
Published 15 Mar, 2020 12:00am
Ban on meeting prisoners imposed

Ban on meeting prisoners imposed

After the National Security Committee's meeting on Friday, the Punjab government has issued directions that all prisoners must maintain a distance of 1-metre. All personnel in jail must be provided with complete personal protective equipment. Further, ban
Published 15 Mar, 2020 12:00am
Anti-dengue measures reviewed

Anti-dengue measures reviewed

The meeting of District Emergency Response Committee for Anti Dengue was held at DC office which was presided by Deputy Commissioner Muhammad Ali. ADCG Fazal e Rabi, CEO DHA Dr Mushtaq Sipra, District Coordinator Epidemics Control Dr Aurangzaib and other
Published 15 Mar, 2020 12:00am
Special anti-polio campaign begins in Tandlianwala

Special anti-polio campaign begins in Tandlianwala

A special anti-polio campaign in Tehsil Tandlianwala started here on Saturday at the Hilal-e-Ahmar Maternity Hospital. The campaign would continue until March 20. Commissioner Ishrat Ali and Deputy Commissioner Muhammad Ali inaugurated the anti-polio camp
Published 15 Mar, 2020 12:00am
LHC restores Dr Ashraf as UAF VC

LHC restores Dr Ashraf as UAF VC

Dr Muhammad Ashraf has assumed the office of Vice Chancellor, University of Agriculture Faisalabad after the Lahore High Court Divisional Bench decision.
Published 15 Mar, 2020 12:00am
Atlas Food signs MoU with Syngenta Pakistan

Atlas Food signs MoU with Syngenta Pakistan

The Punjab government will soon launch an ambitious Rs 6 billion plus project to promote mechanization, usage of certified seed and responsible application of pesticides in line with international standards.
Published 15 Mar, 2020 12:00am
Consultative process among PML-N legislators to be enhanced

Consultative process among PML-N legislators to be enhanced

The Pakistan Muslim League-Nawaz (PML-N) has decided to increase the consultative process among the party legislators and office-bearers following the meetings of the PML-N MPAs with CM Sardar Usman Buzdar and Punjab Governor Ch Muhammad Sarwar a few days
Published 15 Mar, 2020 12:00am
Gold slumps by Rs 2750 per tola

Gold slumps by Rs 2750 per tola

Gold on Saturday slumped by Rs 2750 per tola to Rs 90,850 in a single day trading on the local market, traders said. The precious metal was selling for Rs 77,890 per 10 grams, down by Rs 2,357, and $1,530 an ounce, down by $57 on the world market. Silver
Published 15 Mar, 2020 12:00am
'Poverty elimination must for promoting small businesses'

'Poverty elimination must for promoting small businesses'

Provincial Minister of Livestock and Fisheries Abdul Bari Pitafi has said that poverty elimination was dire need to promote small business activities as most of the problems are related to unemployment and loss of economic resources.
Published 15 Mar, 2020 12:00am
CRTO detects Rs 299 million tax evasion
Taxes

CRTO detects Rs 299 million tax evasion

The Corporate Regional Tax Office (CRTO) has detected massive tax evasion amounting to Rs 299.40 million committed by an unregistered steel re-rolling mill. According to details, credible information was received that a steel re-rolling mill located at SI
Published 15 Mar, 2020 12:00am
DALFA exhibition 2020 planned for April

DALFA exhibition 2020 planned for April

Dairy, Agriculture, Livestock, Fisheries & Advanced Technologies (DALFA) Exhibition & Seminar 2020 will be held next month to support economy by developing the dairy, agriculture, livestock, fisheries sector with introduction of advanced technologies.
Published 15 Mar, 2020 12:00am
MQM-P vows to expedite struggle for new province in Sindh

MQM-P vows to expedite struggle for new province in Sindh

Muttahida Qaumi Movement-Pakistan (MQM-P) Saturday lambasted Pakistan Peoples Party (PPP)'s Sindh government for what it said grave injustices with the urban parts of the province and vowed to expedite the struggle for carving out a new province in Sindh
Published 15 Mar, 2020 12:00am
US to spend $50 billion, buy oil amid virus economic pain
Global Business Economy

US to spend $50 billion, buy oil amid virus economic pain

With the economy reeling, US President Donald Trump on Friday declared a national emergency to stem the damage from the coronavirus, a move that unlocks $50 billion in federal spending, while also unveiling plans to stockpile oil and waive interest paymen
Published 15 Mar, 2020 12:00am
Abe vows 'unprecedented steps' to protect economy, urges global cooperation
Global Business Economy

Abe vows 'unprecedented steps' to protect economy, urges global cooperation

Japan will aim to spearhead cooperation among major nations around the world to support a weakening global economy, Prime Minister Shinzo Abe said, warning that policy coordination was critical to fight "disruptions" in world financial markets.
Updated 15 Mar, 2020 04:46am
Ferrari suspends production over coronavirus
Global Business Economy

Ferrari suspends production over coronavirus

Italian luxury carmaker Ferrari said Saturday it was suspending production for two weeks at two of its factories, citing "serious difficulties" related to Italy being in lockdown due to the coronavirus pandemic. Production will stop immediately at the Mar
Published 15 Mar, 2020 12:00am
Lufthansa to scrap dividends
Global Business Economy

Lufthansa to scrap dividends

German airline Lufthansa on Friday said it would suspend dividends for 2019 as the aviation industry grapples with an "exceptional crisis" caused by the coronavirus outbreak. The move is aimed at preserving liquidity at a time when the group faces a slew
Published 15 Mar, 2020 12:00am
KLM to slash up to 2,000 jobs
Global Business Economy

KLM to slash up to 2,000 jobs

Dutch national airline KLM said Friday it will cut up to 2,000 jobs as it battled the impact of the new coronavirus outbreak, and announced other cost-cutting measures. Chief executive Pieter Elbers said KLM - which has around 33,000 employees - will also
Published 15 Mar, 2020 12:00am
Putin signs Russia's constitutional reform law

Putin signs Russia's constitutional reform law

Russian President Vladimir Putin on Saturday signed the package of constitutional reforms he had proposed, including a clause giving him an option to run for two more terms. The Kremlin has published the 68-page law spelling out the constitutional reforms
Published 15 Mar, 2020 12:00am
Romanian lawmakers endorse PM Orban in vote of confidence

Romanian lawmakers endorse PM Orban in vote of confidence

Romania's centrist Prime Minister Ludovic Orban won a parliamentary vote of confidence by a large margin as expected on Saturday, with all parties seeking to end a political stalemate and focus on reining in the spread of coronavirus.
Published 15 Mar, 2020 12:00am
Two Western hostages freed after 15-month captivity in Africa's Sahel

Two Western hostages freed after 15-month captivity in Africa's Sahel

A Canadian woman and an Italian man kidnapped while travelling through Burkina Faso 15 months ago have been freed and are in good health, the president of neighbouring Mali said on Saturday after meeting the pair. Edith Blais and Luca Tacchetto, who went
Published 15 Mar, 2020 12:00am
UK plans to sell most government bonds since 2012-13
Stocks

UK plans to sell most government bonds since 2012-13

Britain said it plans to issue 156.1 billion pounds ($202 billion) of government bonds in the upcoming 2020/21 financial year, less than forecast by primary dealers but still the most in eight years. The announcement followed a big-spending budget from fi
Published 15 Mar, 2020 12:00am
TSX rallies by most in a decade
Stocks

TSX rallies by most in a decade

Canada's main stock market notched on Friday its biggest gain since October 2008, as Canada ramped up stimulus to ease the economic impact of the coronavirus outbreak, while the Canadian dollar edged higher after hitting an earlier four-year low.
Published 15 Mar, 2020 12:00am
Eurozone bond yields rise as ECB seeks damage control
Stocks

Eurozone bond yields rise as ECB seeks damage control

Eurozone bond yields jumped on Friday as investors' expectations of fiscal stimulus to combat the coronavirus pandemic rose in the region Italian 10-year borrowing costs were set for their biggest weekly jump since 1994, according to Refinitiv data, after
Published 15 Mar, 2020 12:00am
Italy, Spain curb trading to stem coronavirus market crash
Stocks

Italy, Spain curb trading to stem coronavirus market crash

Italy and Spain imposed trading curbs on stock markets, banning short-selling of dozens of stocks, to stem a market rout triggered by the coronavirus outbreak that saw European stock exchanges post their worst-ever daily losses.
Published 15 Mar, 2020 12:00am
Views mixed on Kazakh tenge
Money & Banking

Views mixed on Kazakh tenge

A monthly poll of Kazakh analysts showed no consensus on the short-term outlook for the local tenge currency as many cited global uncertainty caused by the coronavirus outbreak. Three out of six participants in the poll, which was carried out between Febr
Published 15 Mar, 2020 12:00am
Japan warns against yen spike
Money & Banking

Japan warns against yen spike

Japan's finance minister on Monday warned investors against pushing up the yen rapidly, saying the government is closely watching markets, which he described as "nervous" amid the global spread of the coronavirus.
Published 15 Mar, 2020 12:00am
Dollar posts sharp gains against yen
Money & Banking

Dollar posts sharp gains against yen

The dollar surged on Friday, posting sharp gains against the safe-haven Japanese yen as stock markets recovered globally and investors cheered efforts by governments and policymakers to address the economic fallout from the coronavirus outbreak.
Published 15 Mar, 2020 12:00am
CBOT corn futures fall to contract lows
Commodities

CBOT corn futures fall to contract lows

Chicago Board of Trade corn futures fell to contract lows on Thursday in sympathy with another rout on Wall Street tied to uncertainty about economic fallout from the coronavirus pandemic. Softening profit margins for end-users of corn, including producer
Published 15 Mar, 2020 12:00am
Sluggish trading activity seen on cotton market
Cotton & Textile

Sluggish trading activity seen on cotton market

Official spot rate was down on the local cotton market on Saturday in the process of sluggish trading activity, dealers said. The official spot rate dropped by Rs 100 to Rs 8900, they added. In the ready session, approximately 1600 bales changed hands bet
Published 15 Mar, 2020 12:00am
European gasoline margins touch one year low
Energy

European gasoline margins touch one year low

Northwest European gasoline refining margins turned negative on Thursday, hitting their lowest since February last year amid fears over demand amid the spread of the coronavirus globally. Gasoline stocks held in independent storage in the Amsterdam-Rotter
Published 15 Mar, 2020 12:00am
Algeria tenders to buy milling wheat
Commodities

Algeria tenders to buy milling wheat

Algeria's state grains agency OAIC has purchased milling wheat in an international tender which closed on Wednesday, European traders said on Thursday. Initial trade estimates put the purchase at around 600,000 tonnes, but more details are expected later
Published 15 Mar, 2020 12:00am
Asia's naphtha crack rises on brisk demand
Energy

Asia's naphtha crack rises on brisk demand

Asia's naphtha crack rose to $58.78 a tonne while the inter-month spread surged 50% to $9 a tonne, making both the values at their highest since March 3 amid brisk demand. The inter-month spread, which was at a discount on Monday, refers to the front-mont
Published 15 Mar, 2020 12:00am
All Badminton World Federation tournaments suspended
Other

All Badminton World Federation tournaments suspended

The Badminton World Federation is to suspend all tournaments from Monday until April 12 due to the coronavirus epidemic. "The suspension of the circuit will come into effect following the completion of the Yonex All England Open in Birmingham on Sunday,"
Published 15 Mar, 2020 12:00am
Ogier powers his Toyota ahead in Mexico dust and flames
Other

Ogier powers his Toyota ahead in Mexico dust and flames

Frenchman Sebastien Ogier emerged from the dust of day two on the Mexico Rally after watching key rival Ott Tanak suffer a damaged axel on a tough day of racing in the gravelly hill roads outside Guanajuato that left one car a burnt-out wreck. Teemu Sunin
Published 15 Mar, 2020 12:00am
India suspends domestic soccer and cricket
Other

India suspends domestic soccer and cricket

India suspended domestic soccer until the end of this month while domestic cricket was put on hold indefinitely due to the coronavirus on Saturday. The All India Football Federation said in a statement that, following Ministry of Health and state governme
Published 15 Mar, 2020 12:00am
Schachmann wins shortened Paris-Nice cycling race
Other

Schachmann wins shortened Paris-Nice cycling race

Germany's Maximilian Schachmann of the Bora-Hansgrohe team won the Paris-Nice cycling race on Saturday, holding on in a frantic climb to a summit finish where he fell to the ground exhausted. The race was one of the rare sporting events to escape postpone
Published 15 Mar, 2020 12:00am
New Bangladesh ODI cricket captain Tamim pleads for time
Cricket

New Bangladesh ODI cricket captain Tamim pleads for time

Newly-appointed Bangladesh one-day international cricket captain Tamim Iqbal on Saturday pleaded for time in order to make a difference in his role. Tamim was appointed last week replacing Mashrafe Mortaza, who stepped down following a three-match series
Published 15 Mar, 2020 12:00am