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Archive - 2012-03-02
Canada economy grows 1.8pc in Q4
Top News

Canada economy grows 1.8pc in Q4

OTTAWA: Canada's economy slowed in the fourth quarter, posting an annualized growth rate of 1.8 percent following a revi
Published 02 Mar, 2012 09:03pm
PPP leads Senate elections
Top News

PPP leads Senate elections

ISLAMABAD: Pakistan People's Party (PPP) strengthened its position in the upper house Friday after regional lawmakers el
Published 02 Mar, 2012 05:51pm
Four elected as Senators from FATA
Top News

Four elected as Senators from FATA

ISLAMABAD: Four candidates among 11 contestants from Federally Administered Tribal Areas successfully sailed through the
Published 02 Mar, 2012 04:32pm
Weekly inflation goes up
Top News

Weekly inflation goes up

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on March 1, for the lowest income group up to Rs.8,00
Published 02 Mar, 2012 04:22pm
ISE-10 stays bullish
Markets

ISE-10 stays bullish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bullish trend as the index was up by 16.14 points
Published 02 Mar, 2012 02:46pm
US stocks open flat
Financial

US stocks open flat

NEW YORK: US stocks opened flat Friday following mixed action in European and Asian markets, with the Dow still resistin
Published 02 Mar, 2012 02:46pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: Bull-run continued on the Karachi share market on Friday and the KSE-100 index breached 13,000 psychological le
Published 02 Mar, 2012 01:00pm
Results of Senate elections announced
Top News

Results of Senate elections announced

KARACHI : The results of the Senate elections have been announced, according to the media on Friday.
Syed Mustafa Ka
Published 02 Mar, 2012 12:41pm
BAFL posts profit of Rs.3.5bn in 2011
Top News

BAFL posts profit of Rs.3.5bn in 2011

ISLAMABAD: Banking results continue to gather momentum as Bank Alfalah Limited (BAFL) posted profit of Rs3.5bn (EPS Rs2.
Published 02 Mar, 2012 10:08am
Yunus rules out World Bank role
Top News

Yunus rules out World Bank role

DHAKA : Bangladesh 's Muhammad Yunus, who won a Nobel Prize for his work in microfinance, said on Friday he had no inte
Published 02 Mar, 2012 08:24am
Senate election starts on Friday
Top News

Senate election starts on Friday

ISLAMABAD : Regional lawmakers on Friday began casting their votes for members of the Senate, the indirectly-elected upp
Published 02 Mar, 2012 07:16am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Friday until end of first half, KSE-100 Index remained positive and was at 13,039.86 with a positive change
Published 02 Mar, 2012 07:14am
Argentine grains ports hit by strike
Top News

Argentine grains ports hit by strike

BUENOS AIRES: Argentine dock workers went on strike for better conditions on Thursday, slowing the country's ports just
Published 02 Mar, 2012 06:40am
Argentina tax revenue up 28.7pc
World

Argentina tax revenue up 28.7pc

BUENOS AIRES: Argentina's tax revenue rose 28.7 percent in February from the same month a year earlier, boosted by consu
Published 02 Mar, 2012 06:35am
Tokyo shares up 0.45pc
Financial

Tokyo shares up 0.45pc

TOKYO: Tokyo stocks were up 0.45 percent by noon Friday, boosted by improved market sentiment on the liquidity provided
Published 02 Mar, 2012 05:55am
Parliamentary election in Iran
Top News

Parliamentary election in Iran

TEHRAN: Iran opened legislative election on Friday, with the country's 48 million voters being called out in what is see
Published 02 Mar, 2012 05:22am
Controlled rise in inflation
BR Research

Controlled rise in inflation

With the high-base effect of 1HFY11 gradually receding, the latest inflation numbers released by the Pakistan Bureau of Statistics are begin
Published 02 Mar, 2012 12:00am
Spot rate continues to fall on cotton market

Spot rate continues to fall on cotton market

Spot rate continued its slide for the second on the cotton market on Thursday due to less interest among buyers, dealers said. The official spot rate shed more Rs 50 to Rs 5,300, they said. Prices of seedcotton in Sindh were at Rs 1800-2300 and in the Pun
Published 02 Mar, 2012 12:00am
Cargill seen as big sugar receiver

Cargill seen as big sugar receiver

Cargill is expected to be a big receiver of up to 1 million tonnes of raw sugar at expiry on Wednesday of the ICE spot contract, based on the current value of the front-month spread. Brokers and dealers said if the front-month premium SB-1=R remains aroun
Published 02 Mar, 2012 12:00am
Ivory Coast cocoa prices up

Ivory Coast cocoa prices up

Cocoa farmgate prices in Ivory Coast's main growing regions rose last week as exporters competed for scarce supplies at the end of the main crop and international markets climbed, farmers and buyers said on Tuesday. The top grower nation's October-to-Marc
Published 02 Mar, 2012 12:00am
South Africa's maize output seen up

South Africa's maize output seen up

South Africa's maize output is likely to rise by 13 percent this year as higher prices boost plantings of the staple grain, the government said on Tuesday. Africa's biggest maize producer would harvest 11.7 million tonnes of the maize in the current 2011/
Published 02 Mar, 2012 12:00am
Rice prices sharply higher on grain market

Rice prices sharply higher on grain market

Rice prices were sharply higher on the wholesale grain market on Thursday in process of trading, dealers said. On the rice sector, Irri-6 Sindh gained Rs 50 to Rs 3275-3375, Basmati 386 new gained Rs 200 to Rs 5000-5200, super Basmati Punjab new followed
Published 02 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 115,964 tonnes of cargo comprising1 85,014 tonnes of import cargo and 30,950 tonnes of export cargo including 2,889 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 85,014 t
Published 02 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 02 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 02 Mar, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Thursday (March 01, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover fo
Published 02 Mar, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 02 Mar, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (March 01, 2012).

Published 02 Mar, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (March 01, 2012).

Published 02 Mar, 2012 12:00am
The Balochistan cauldron-II

The Balochistan cauldron-II

Immediately political measures seem to be more important at this moment involving moratorium or termination of violence and hostilities and other confidence-building measures. In the last few days the PPP government has announced some additional economic
Published 02 Mar, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (March 01, 2012).

Published 02 Mar, 2012 12:00am
The Balochistan cauldron-II

The Balochistan cauldron-II

Immediately political measures seem to be more important at this moment involving moratorium or termination of violence and hostilities and other confidence-building measures. In the last few days the PPP government has announced some additional economic
Published 02 Mar, 2012 12:00am
UN says holy Quran burners should be punished

UN says holy Quran burners should be punished

The United Nations joined Afghan President Hamid Karzai on Thursday in calling on the US military to take disciplinary action against those who burned copies of the holy Quran at a Nato air base, calling the incident a "grave mistake". Despite an apology
Published 02 Mar, 2012 12:00am
UN says holy Quran burners should be punished

UN says holy Quran burners should be punished

The United Nations joined Afghan President Hamid Karzai on Thursday in calling on the US military to take disciplinary action against those who burned copies of the holy Quran at a Nato air base, calling the incident a "grave mistake". Despite an apology
Published 02 Mar, 2012 12:00am
Stage set for elections today: 98 in the run for 45 Senate seats

Stage set for elections today: 98 in the run for 45 Senate seats

The legislators in four provincial assemblies and the National Assembly are voting today (Friday) to elect 45 senators for which 98 candidates are in the run. For this purpose, Election Commission of Pakistan (ECP) has finalised all arrangements to hold e
Published 02 Mar, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (March 01, 2012).

Published 02 Mar, 2012 12:00am
Stage set for elections today: 98 in the run for 45 Senate seats

Stage set for elections today: 98 in the run for 45 Senate seats

The legislators in four provincial assemblies and the National Assembly are voting today (Friday) to elect 45 senators for which 98 candidates are in the run. For this purpose, Election Commission of Pakistan (ECP) has finalised all arrangements to hold e
Published 02 Mar, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 01, 2012).
Published 02 Mar, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 01, 2012).

Published 02 Mar, 2012 12:00am
Memogate: there was army coup threat, says Ijaz

Memogate: there was army coup threat, says Ijaz

The main character of Memogate scandal Mansoor Ijaz on Thursday claimed that there was a serious threat of a military coup in Pakistan soon after the US covert operation on May 02, 2011 that killed al Qaeda leader Osama bin Laden in Abbottabad.
Published 02 Mar, 2012 12:00am
Memogate: there was army coup threat, says Ijaz

Memogate: there was army coup threat, says Ijaz

The main character of Memogate scandal Mansoor Ijaz on Thursday claimed that there was a serious threat of a military coup in Pakistan soon after the US covert operation on May 02, 2011 that killed al Qaeda leader Osama bin Laden in Abbottabad.
Published 02 Mar, 2012 12:00am
Pakistan holds enormous potential: SBP

Pakistan holds enormous potential: SBP

Yaseen Anwar, Governor State Bank of Pakistan (SBP) said that Pakistan holds enormous potential for economic growth. "I am, personally, optimistic about the country's future, and confident that our economic managers - who have steered the country through
Published 02 Mar, 2012 12:00am
Pakistan holds enormous potential: SBP

Pakistan holds enormous potential: SBP

Yaseen Anwar, Governor State Bank of Pakistan (SBP) said that Pakistan holds enormous potential for economic growth. "I am, personally, optimistic about the country's future, and confident that our economic managers - who have steered the country through
Published 02 Mar, 2012 12:00am
Pakistan holds enormous potential: SBP

Pakistan holds enormous potential: SBP

Yaseen Anwar, Governor State Bank of Pakistan (SBP) said that Pakistan holds enormous potential for economic growth. "I am, personally, optimistic about the country''s future, and confident that our economic managers - who have steered the country through
Published 02 Mar, 2012 12:00am
YoY headline inflation jumps to 11.05 percent in February

YoY headline inflation jumps to 11.05 percent in February

The headline inflation jumped to 11.05 per cent in February 2012 over the same period of last year on the back of spiralling food and energy prices, according to the Pakistan Bureau of Statistics (PBS). The average inflation during July-February 2011-12 o
Published 02 Mar, 2012 12:00am
YoY headline inflation jumps to 11.05 percent in February

YoY headline inflation jumps to 11.05 percent in February

The headline inflation jumped to 11.05 per cent in February 2012 over the same period of last year on the back of spiralling food and energy prices, according to the Pakistan Bureau of Statistics (PBS). The average inflation during July-February 2011-12 o
Published 02 Mar, 2012 12:00am
YoY headline inflation jumps to 11.05 percent in February

YoY headline inflation jumps to 11.05 percent in February

The headline inflation jumped to 11.05 per cent in February 2012 over the same period of last year on the back of spiralling food and energy prices, according to the Pakistan Bureau of Statistics (PBS). The average inflation during July-February 2011-12 o
Published 02 Mar, 2012 12:00am
EU wrestles with balance between austerity and growth

EU wrestles with balance between austerity and growth

European Union leaders wrestled on Thursday with the balance between budget austerity and reviving lost growth at the first summit for two years in which the euro zone debt crisis did not eclipse all else. With a second bailout for Greece almost in place
Published 02 Mar, 2012 12:00am
EU wrestles with balance between austerity and growth

EU wrestles with balance between austerity and growth

European Union leaders wrestled on Thursday with the balance between budget austerity and reviving lost growth at the first summit for two years in which the euro zone debt crisis did not eclipse all else. With a second bailout for Greece almost in place
Published 02 Mar, 2012 12:00am
EU wrestles with balance between austerity and growth

EU wrestles with balance between austerity and growth

European Union leaders wrestled on Thursday with the balance between budget austerity and reviving lost growth at the first summit for two years in which the euro zone debt crisis did not eclipse all else. With a second bailout for Greece almost in place
Published 02 Mar, 2012 12:00am
IMF urges lower ECB interest rate

IMF urges lower ECB interest rate

The European Central Bank should cut its basic interest rate further to help growth in the struggling eurozone, the International Monetary Fund said in a paper released Thursday. While governments are cutting spending to reduce deficits, the impact of tha
Published 02 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Thursday (March 01, 2012).

Published 02 Mar, 2012 12:00am
IMF urges lower ECB interest rate

IMF urges lower ECB interest rate

The European Central Bank should cut its basic interest rate further to help growth in the struggling eurozone, the International Monetary Fund said in a paper released Thursday. While governments are cutting spending to reduce deficits, the impact of tha
Published 02 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Thursday (March 01, 2012).

Published 02 Mar, 2012 12:00am
IMF urges lower ECB interest rate

IMF urges lower ECB interest rate

The European Central Bank should cut its basic interest rate further to help growth in the struggling eurozone, the International Monetary Fund said in a paper released Thursday. While governments are cutting spending to reduce deficits, the impact of tha
Published 02 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Thursday (March 01, 2012).

Published 02 Mar, 2012 12:00am
Oil pushes up eurozone prices, unemployment rises

Oil pushes up eurozone prices, unemployment rises

Unemployment in the eurozone in January hit its highest since the launch of the currency area but a rise in inflation underlined concerns over oil prices that is likely to prevent swift further moves by the European Central Bank to help growth. As the 17-
Published 02 Mar, 2012 12:00am
Oil pushes up eurozone prices, unemployment rises

Oil pushes up eurozone prices, unemployment rises

Unemployment in the eurozone in January hit its highest since the launch of the currency area but a rise in inflation underlined concerns over oil prices that is likely to prevent swift further moves by the European Central Bank to help growth. As the 17-
Published 02 Mar, 2012 12:00am
Oil pushes up eurozone prices, unemployment rises

Oil pushes up eurozone prices, unemployment rises

Unemployment in the eurozone in January hit its highest since the launch of the currency area but a rise in inflation underlined concerns over oil prices that is likely to prevent swift further moves by the European Central Bank to help growth. As the 17-
Published 02 Mar, 2012 12:00am
Pakistan vows to complete IP gas project: US pressure rejected

Pakistan vows to complete IP gas project: US pressure rejected

Rejecting US pressure, Pakistan said Thursday it would pursue Iran-Pakistan gas pipeline project "as it is vital to overcome country's energy crisis." Briefing reporters here, Foreign Minister Hina Rabbani Khar said that Pakistan pursuing important projec
Published 02 Mar, 2012 12:00am
Pakistan vows to complete IP gas project: US pressure rejected

Pakistan vows to complete IP gas project: US pressure rejected

Rejecting US pressure, Pakistan said Thursday it would pursue Iran-Pakistan gas pipeline project "as it is vital to overcome country's energy crisis." Briefing reporters here, Foreign Minister Hina Rabbani Khar said that Pakistan pursuing important projec
Published 02 Mar, 2012 12:00am
Pakistan vows to complete IP gas project: US pressure rejected

Pakistan vows to complete IP gas project: US pressure rejected

Rejecting US pressure, Pakistan said Thursday it would pursue Iran-Pakistan gas pipeline project "as it is vital to overcome country''s energy crisis." Briefing reporters here, Foreign Minister Hina Rabbani Khar said that Pakistan pursuing important proje
Published 02 Mar, 2012 12:00am
Clinton did not threaten Pakistan: State Department

Clinton did not threaten Pakistan: State Department

The US State Department has said that Secretary of State Hillary Clinton did not threaten Pakistan over Iran-Pakistan gas pipeline, rather stated US stance on the project, a private TV channel reported late Thursday night. State Department Spokesperson Vi
Published 02 Mar, 2012 12:00am
Clinton did not threaten Pakistan: State Department

Clinton did not threaten Pakistan: State Department

The US State Department has said that Secretary of State Hillary Clinton did not threaten Pakistan over Iran-Pakistan gas pipeline, rather stated US stance on the project, a private TV channel reported late Thursday night. State Department Spokesperson Vi
Published 02 Mar, 2012 12:00am
Clinton did not threaten Pakistan: State Department

Clinton did not threaten Pakistan: State Department

The US State Department has said that Secretary of State Hillary Clinton did not threaten Pakistan over Iran-Pakistan gas pipeline, rather stated US stance on the project, a private TV channel reported late Thursday night. State Department Spokesperson Vi
Published 02 Mar, 2012 12:00am
India praises Pakistan's efforts to normalise trade ties

India praises Pakistan's efforts to normalise trade ties

India has welcomed Pakistan's efforts to liberalise bilateral trade and said the move is a step in right direction. While talking to reporters, Indian Foreign Minister SM Krishna said India welcomes Pakistan step to reduce negative trade list, private new
Published 02 Mar, 2012 12:00am
India praises Pakistan's efforts to normalise trade ties

India praises Pakistan's efforts to normalise trade ties

India has welcomed Pakistan's efforts to liberalise bilateral trade and said the move is a step in right direction. While talking to reporters, Indian Foreign Minister SM Krishna said India welcomes Pakistan step to reduce negative trade list, private new
Published 02 Mar, 2012 12:00am
India praises Pakistan''s efforts to normalise trade ties

India praises Pakistan''s efforts to normalise trade ties

India has welcomed Pakistan''s efforts to liberalise bilateral trade and said the move is a step in right direction. While talking to reporters, Indian Foreign Minister SM Krishna said India welcomes Pakistan step to reduce negative trade list, private ne
Published 02 Mar, 2012 12:00am
Contempt of court: Judgement reserved in Babar Awan's case

Contempt of court: Judgement reserved in Babar Awan's case

The Supreme Court on Thursday reserved its verdict in a contempt case against former law minister Babar Awan. A two-member special bench of the apex court comprising Justice Ejaz Afzal Khan and Justice Muhammad Ather Saeed heard the contempt case. During
Published 02 Mar, 2012 12:00am
Contempt of court: Judgement reserved in Babar Awan's case

Contempt of court: Judgement reserved in Babar Awan's case

The Supreme Court on Thursday reserved its verdict in a contempt case against former law minister Babar Awan. A two-member special bench of the apex court comprising Justice Ejaz Afzal Khan and Justice Muhammad Ather Saeed heard the contempt case. During
Published 02 Mar, 2012 12:00am
Upward trend persists

Upward trend persists

A positive trend continued on the Karachi share market on Thursday on the back of local and foreign investors support, helping the KSE-100 index increased on by 63.50 points to close at 12,941.38 points. The foreign investors remained net buyers of share
Published 02 Mar, 2012 12:00am
Upward trend persists

Upward trend persists

A positive trend continued on the Karachi share market on Thursday on the back of local and foreign investors support, helping the KSE-100 index increased on by 63.50 points to close at 12,941.38 points. The foreign investors remained net buyers of share
Published 02 Mar, 2012 12:00am
Upward trend persists

Upward trend persists

A positive trend continued on the Karachi share market on Thursday on the back of local and foreign investors support, helping the KSE-100 index increased on by 63.50 points to close at 12,941.38 points. The foreign investors remained net buyers of share
Published 02 Mar, 2012 12:00am
BRIndex30 down 5.75 points

BRIndex30 down 5.75 points

On Thursday BRIndex30 opened at 9,814.44,. It touched an intraday high of 9,854.10 and an intraday low of 9,754.13 and closed at 9,808.69, which was -5.75 points or -0.06 percent lower against the previous close. Total volume was 122,989,398, which was 67
Published 02 Mar, 2012 12:00am
BRIndex30 down 5.75 points

BRIndex30 down 5.75 points

On Thursday BRIndex30 opened at 9,814.44,. It touched an intraday high of 9,854.10 and an intraday low of 9,754.13 and closed at 9,808.69, which was -5.75 points or -0.06 percent lower against the previous close. Total volume was 122,989,398, which was 67
Published 02 Mar, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Mar, 2012 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Thursday where equities moved both ways and finally stayed in negative zone amid descending transaction volume due to lacking interest on the part of investors. The LSE-25 index lost 33.95 points
Published 02 Mar, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Mar, 2012 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Thursday where equities moved both ways and finally stayed in negative zone amid descending transaction volume due to lacking interest on the part of investors. The LSE-25 index lost 33.95 points
Published 02 Mar, 2012 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 08.67 points as the ISE Ten Index moved from 2,840.26
Published 02 Mar, 2012 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 08.67 points as the ISE Ten Index moved from 2,840.26
Published 02 Mar, 2012 12:00am
Iran buys US wheat despite nuclear tensions

Iran buys US wheat despite nuclear tensions

Iran has made a rare purchase of US wheat as it tries to build its food stockpiles amid tougher sanctions imposed by the United States and Europe over its nuclear program, the US government said on Thursday. The US Agriculture Department reported that Ira
Published 02 Mar, 2012 12:00am
Iran buys US wheat despite nuclear tensions

Iran buys US wheat despite nuclear tensions

Iran has made a rare purchase of US wheat as it tries to build its food stockpiles amid tougher sanctions imposed by the United States and Europe over its nuclear program, the US government said on Thursday. The US Agriculture Department reported that Ira
Published 02 Mar, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (March 01, 2012).

Published 02 Mar, 2012 12:00am
Iran buys US wheat despite nuclear tensions

Iran buys US wheat despite nuclear tensions

Iran has made a rare purchase of US wheat as it tries to build its food stockpiles amid tougher sanctions imposed by the United States and Europe over its nuclear program, the US government said on Thursday. The US Agriculture Department reported that Ira
Published 02 Mar, 2012 12:00am
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