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Archive - 2012-03-25
Altaf demands action against Bilal Khar
Top News

Altaf demands action against Bilal Khar

KARACHI: Muttahida Quami Movement (MQM) cheif Altaf Hussain expressed deep sorrow and grief on the death of acid attack
Published 25 Mar, 2012 04:24pm
Vietnam's Q1 rice exports fall 32pc y/y
Top News

Vietnam's Q1 rice exports fall 32pc y/y

HANOI:Vietnam's rice exports in the first quarter of 2012 fell 32.1 percent year on year to an estimated 1.3 million ton
Published 25 Mar, 2012 11:29am
Praet sees no inflation problem
Energy

Praet sees no inflation problem

BERLIN: Higher oil and energy prices are pushing inflation higher for now, but there is no general problem with price pr
Published 25 Mar, 2012 10:51am
Body of Fakhra Younus reaches Karachi
Top News

Body of Fakhra Younus reaches Karachi

KARACHI: Body of Fakhra Younus who had committed suicide in Italy previous day, reached Karachi on Friday. She was the
Published 25 Mar, 2012 08:48am
Japan faces nuclear free summer
Asia

Japan faces nuclear free summer

TOKYO: The possibility of a nuclear power-free summer in Japan draws closer when one of two remaining reactors shuts dow
Published 25 Mar, 2012 08:41am
Sugar price increases by Rs 5-6 per kg
Top News

Sugar price increases by Rs 5-6 per kg

FAZAL SHER ISLAMABAD: Despite applicability of reduced rate of 8 percent sales tax on sugar, the failure of the gover
Published 25 Mar, 2012 04:52am
Inflow of $16.153m FIPI seen in March
Top News

Inflow of $16.153m FIPI seen in March

RECORDER REPORT KARACHI: The foreign investors' interest continued as a healthy inflow of $16.153 million of foreign
Published 25 Mar, 2012 04:32am
Rao Qamar made new managing director PIA

Rao Qamar made new managing director PIA

The federal government has appointed Air Chief Marshal Rao Qamar Suleman (Retd) as new Managing Director Pakistan International Airlines (PIA) with immediate effect. Rao Qamar retired on March 18, 2012 from Air Force on completion of three years tenure. T
Published 25 Mar, 2012 12:00am
Government pursuing multi-pronged strategy for economic stability: Ibad

Government pursuing multi-pronged strategy for economic stability: Ibad

A multi-pronged strategy is being pursued for bringing about economic stability and help improve the standard of living of the commonman. This was stated by the Governor of Sindh, Dr Ishrat ul Ebad Khan, on Saturday. He was talking to a representative del
Published 25 Mar, 2012 12:00am
Chicken meat prices down

Chicken meat prices down

Chicken meat demand has sharply declined in markets as its retail price has reduced by Rs 50 per kg. The chicken meat prices declined from Rs 270 per kg to Rs 220 last week, traders said. According to traders, the sharp decline in chicken meat prices was
Published 25 Mar, 2012 12:00am
Nato supplies resumption: only parliament has prerogative, says Firdous

Nato supplies resumption: only parliament has prerogative, says Firdous

Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan on Saturday said that only parliament has the prerogative to decide on the restoration of Nato supplies and no individual could take decision on the matter. Talking to media persons
Published 25 Mar, 2012 12:00am
TB/HIV still the biggest health challenge in Khyber Pakhtunkhwa

TB/HIV still the biggest health challenge in Khyber Pakhtunkhwa

About 94 percent patients suffered by tuberculosis with number of 35,000 successful recovered from the disease last year in Khyber Pakhtunkhwa, while the growing number of Multi-Drug Resistance (MDR) patients of TB/HIV is still the biggest challenge in th
Published 25 Mar, 2012 12:00am
Power-reliant textile mills demand diversion of gas from CPPs to Gencos

Power-reliant textile mills demand diversion of gas from CPPs to Gencos

The power-reliant textile mills have demanded diversion of gas supply from Captive Power Plants (CPPs) to Generation Companies (GENCOs) to improve electricity generation besides equal billing to industry. Talking to Business Recorder, these circles pointe
Published 25 Mar, 2012 12:00am
Wheat harvesting begins in Lower Sindh

Wheat harvesting begins in Lower Sindh

Wheat harvesting begun in different areas of Mirpurkhas, Umerkot and Sanghar districts, earlier than other parts of the country. Growers are, however, complaining about the shortage of thrashers used for separating seeds or grain from the husk and straw a
Published 25 Mar, 2012 12:00am
SU management takes steps to improve security at campus

SU management takes steps to improve security at campus

The management of University of Sindh Saturday advised the teachers, students, employees and visitors to extend their full co-operation with the security staff deployed at various spots at the campus for the security purpose. The university spokesman info
Published 25 Mar, 2012 12:00am
Government to preserve Indus civilisation: Qaim

Government to preserve Indus civilisation: Qaim

Sindh Chief Minister has said that the government will fully ensure protection, preservation and flourishment Culture of Indus valley civilisation. This he stated while attending a presentation on Culture Department here on Saturday.
Published 25 Mar, 2012 12:00am
Lawyer, son targeted by armed riders in Karachi

Lawyer, son targeted by armed riders in Karachi

Former president, Malir Bar Association (MBA), Salahuddin Jafferi was gunned down along with his son in the jurisdiction of Malir City police station on Saturday. According to police, around 9am, the deceased Salahuddin Jafferi, 64, son of Allah Noor Jaff
Published 25 Mar, 2012 12:00am
Fresh wave of violence badly hitting business

Fresh wave of violence badly hitting business

The fresh wave of violence plunged trade and business activities nearly 70 percent on Saturday, as fears of hooliganism gripped the city, barring buyers from visiting markets, traders said. "Panic of widespread violence is primarily responsible for the cu
Published 25 Mar, 2012 12:00am
Woman inhabitants of Lyari stage sit-in

Woman inhabitants of Lyari stage sit-in

Following the ongoing search operations in Lyari, scores of female inhabitants of the area while demonstrating sit-in protest at Football House announced to observe 7-hour hunger strike, daily till the suspension of these search operations. According to e
Published 25 Mar, 2012 12:00am
16th convocation of Hamdard university held

16th convocation of Hamdard university held

Some 1373 students were conferred degrees in their relevant disciplines at 16th convocation of Hamdard University, held here at university campus on Saturday. High achievers were also awarded gold medals for their best performances in their subjects. Addr
Published 25 Mar, 2012 12:00am
Eight alleged extortionists held: four hand-grenades seized

Eight alleged extortionists held: four hand-grenades seized

Sindh police on Saturday claimed to have nabbed eight alleged extortionists in two separate raids at different parts of Korangi Industrial Area. According to chief, Special Investigation Unit (SIU) SSP Shahjahan Khan, the arrests were made in two separate
Published 25 Mar, 2012 12:00am
Afaq's security van comes under attack: cop killed, 2 injured

Afaq's security van comes under attack: cop killed, 2 injured

The security van of Mohajir Qaumi Movement-Haqiqi (MQM-H) Chief Afaq Ahmed on Saturday came under attack at Landhi, leaving a cop dead while two others injured. Police said although the party leaders claimed that unknown armed men sprayed one of the secur
Published 25 Mar, 2012 12:00am
Chinese envoy visits MQM's headquarters

Chinese envoy visits MQM's headquarters

Ambassador of China to Pakistan, Lie Jian visited the headquarters of Muttahida Qaumi Movement (MQM) at Azizabad. The Chinese ambassador also met with Deputy Convenor of the MQM Rabita Committee Dr Farooq Sattar, said a statement issued by MQM here on Sat
Published 25 Mar, 2012 12:00am
Three killed, six injured in Kohlu firing

Three killed, six injured in Kohlu firing

At least three people including a tribal leader have been killed and six others among them five women injured in an attack in Kohlu district on Saturday. Levies Force sources said that unknown gunmen riding bikes opened fire at a vehicle owned by local tr
Published 25 Mar, 2012 12:00am
Sindh chief minister grieved over murder of two lawyers

Sindh chief minister grieved over murder of two lawyers

Sindh Chief Minister Syed Qaim Ali Shah has expressed deep grief and sorrow over the assassination of former President Malir Bar Association Shalahuddin Advocate and his son Ali Raza Advocate here on Saturday. While condemning the incident, the Chief Mins
Published 25 Mar, 2012 12:00am
Lawyers express sorrow

Lawyers express sorrow

The legal fraternity condemned the murder of former president Malir Bar Association Salahuddin and his son Ali Raza in Karachi. The bar office-bearers and members demanded immediate arrest of the culprits and provision of protection to the lawyers.
Published 25 Mar, 2012 12:00am
Sindh University admission schedule

Sindh University admission schedule

The Director Admissions, University of Sindh has announced on Saturday that date for filling of admission forms and payment of admissions fees for session 2012 has been fixed as April 05. The candidates already enrolled and studying in academic session 20
Published 25 Mar, 2012 12:00am
Hayat attends AFC EXCO

Hayat attends AFC EXCO

President Pakistan Football Federation (PFF) and member AFC Executive Committee Syed Faisal Saleh Hayat attended the AFC Executive Committee (EXCO) meeting in AFC House, Kuala Lumpur. Faisal is the first Pakistani who has been elected to the prestigious b
Published 25 Mar, 2012 12:00am
UAE envoy calls on chief minister Sindh

UAE envoy calls on chief minister Sindh

Ambassador of United Arab Emirates (UAE) Essa Abdulla Al Basha Al Noaimi called on Sindh Chief Minister Syed Qaim Ali Shah here on Saturday at Chief Minister House and discussed matters of bilateral interest. Both sides explored the venues for boosting tr
Published 25 Mar, 2012 12:00am
Members of Law, Justice Commission of Pakistan appointed

Members of Law, Justice Commission of Pakistan appointed

On the recommendation of Justice Iftikhar Muhammad Chaudhry, Chief Justice of Pakistan and Chairman Law and Justice Commission of Pakistan, the Federal Government has appointed members of the Law and Justice Commission for a period of three years with eff
Published 25 Mar, 2012 12:00am
Action against extortionists, criminals not to be limited: Shazia

Action against extortionists, criminals not to be limited: Shazia

Sindh Minister for Information Shazia Marri on Saturday has dispelled the impression that action against extortionists and other criminals was one sided and limited to only Lyari. This she said addressing a hurriedly-called press conference at her office.
Published 25 Mar, 2012 12:00am
Pollen allergy attack not severe this year

Pollen allergy attack not severe this year

Executive Director Polyclinic, Dr Shaukat H. Kiyani has said pollen allergy attack in Islamabad is not as severe as last year. Talking to Business Recorder exclusively, Dr Kiyani said that due to prolonged winter season and the recent rain spell in
Published 25 Mar, 2012 12:00am
Punjab chief minister condoles Hamid Javed's death

Punjab chief minister condoles Hamid Javed's death

Punjab Chief Minister Muhammad Shahbaz Sharif here on Saturday has expressed deep sense of grief and sorrow over the death of Hamid Javed, senior staff reporter of daily Jang. In his condolence message, the Chief Minister while paying homage to the servic
Published 25 Mar, 2012 12:00am
Jamaat-i-Islami leaders condole death

Jamaat-i-Islami leaders condole death

Ameer, Jamaat-i-Islami, Pakistan, Syed Munawar Hasan, Secretary General, Liaqat Baloch, Deputy Secretary General Dr Farid Ahmad Paracha and Secretary Information JI, Muhammad Anwar Niazi have expressed their deep sorrow over the sad demise of senior journ
Published 25 Mar, 2012 12:00am
World Tuberculosis Day observed

World Tuberculosis Day observed

World Tuberculosis (TB) Day was observed in Pakistan like many other countries on Saturday with a renewed pledge to raise awareness about the disease to make Pakistan a healthy society. To mark the day‚ seminars, walks, awareness camps and other activitie
Published 25 Mar, 2012 12:00am
Sufi singer Iqbal Bahu dies

Sufi singer Iqbal Bahu dies

A renowned Sufi Singer Muhammad Iqbal Bahu died after a protracted illness here on Saturday. He was 65, he sung many Sufi songs for Radio Pakistan and Pakistan Television and was awarded Tamgha-i-Imtiaz by the Government of Pakistan in 2008. His funeral p
Published 25 Mar, 2012 12:00am
President condoles death

President condoles death

President Asif Ali Zardari has expressed grief and sorrow over the death of famous Sufi singer Muhammad Iqbal Bahu. In a condolence message to members of the bereaved family, the President prayed to Allah Almighty to rest the departed soul in eternal peac
Published 25 Mar, 2012 12:00am
Prime Minister approves distribution of dates gifted by Saudi Arabia

Prime Minister approves distribution of dates gifted by Saudi Arabia

Prime Minister Syed Yousuf Raza Gilani has approved the distribution of dates received as gift from the Government of Saudi Arabia among the four provinces and the regions including Azad Jammu and Kashmir at the ratio of 60:40 percent respectively. The di
Published 25 Mar, 2012 12:00am
Rulers bring country on the verge of disaster: Rana Sanaullah

Rulers bring country on the verge of disaster: Rana Sanaullah

Punjab Law Minister Rana Sanaullah Khan on Saturday said that incompetent rulers have brought the country on the verge of disaster; the people will definitely hold plunderers of the country accountable in the next elections. While commenting upon the talk
Published 25 Mar, 2012 12:00am
Polish envoy visits MQM's headquarters

Polish envoy visits MQM's headquarters

First Secretary of Poland, Piotr Adamkiewicz visited headquarters of Muttahida Qaumi Movement (MQM), and met Deputy Convenors of the MQM Dr Farooq Sattar and Senator Mrs Nasrin Jalil. Overall political and economic situation of the country were also came
Published 25 Mar, 2012 12:00am
13 killed, 62 injured in IHK accidents

13 killed, 62 injured in IHK accidents

13 persons including a woman with 2- year- old child were killed and 62 others were injured in different road accidents in the territory. Four persons were killed and 30 others were injured when a passenger busskidded off the road and rolled down about 10
Published 25 Mar, 2012 12:00am
Munter's exhortation to Pak businessmen

Munter's exhortation to Pak businessmen

United States Ambassador to Pakistan Cameron Munter while addressing the Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) urged Pakistani businessmen not to look towards the United States but towards the Pakistani government to resolve their
Published 25 Mar, 2012 12:00am
Difficult victory

Difficult victory

Until the last ball was played no one could say who would walk away from the jam-packed Sher-e-Bangla Stadium with the coveted Asia Cup. No doubt, the dice was loaded against Pakistan as the day-night match was played out. But given the golden uncertainti
Published 25 Mar, 2012 12:00am
Populist labour laws - II

Populist labour laws - II

Recently the President of Pakistan expressed his grievances against the activities of the trade union in PIA. The old saying: "better late then never" applies in full force. This government should have realised immediately after it came in office. There w
Published 25 Mar, 2012 12:00am
Power sector reforms update

Power sector reforms update

The government of Pakistan (GoP) initiated structural reforms in the power sector under the Power Sector Reform Plan (2010) finalised by the Cabinet Committee on Restructuring (CCOR). Implementation of Power Sector Reform Plan 2010 has been expedited and
Published 25 Mar, 2012 12:00am
Where is the missing water?

Where is the missing water?

The water issue in the country has become very serious and sensitive. The highly corrupt Wapda - a federal government organisation is obviously responsible for the missing water noted from time to time. The scarcity of water has jeopardised the next sowin
Published 25 Mar, 2012 12:00am
12 cases of robbery, 3 cases of car-lifting reported during last week

12 cases of robbery, 3 cases of car-lifting reported during last week

Twelve cases of robbery, three cases of car lifting, a case of murder and a road accident were reported to the city's various police stations in the last week. The incidents of robbery took place in the limits of Margalla, Shalimar, Bara Kahu , Shahzad To
Published 25 Mar, 2012 12:00am
World Tuberculosis Day observed in Multan

World Tuberculosis Day observed in Multan

Pakistan TB Association Multan chapter and some local NGOs organised a walk in order to raise awareness about the drastic effects of the TB. World TB Day is observed across the world on March 24th to create awareness among the masses about the disease whi
Published 25 Mar, 2012 12:00am
Pakistan Day celebrated in Vietnam

Pakistan Day celebrated in Vietnam

The Pakistani community and officials of the embassy commemorated the 72nd National Day of Pakistan with usual zeal and enthusiasm in Vietnam. The ambassador of Pakistan in Vietnam, Shahid M G Kiani in the flag hoisting ceremony read out messages of the P
Published 25 Mar, 2012 12:00am
'Rescue 1122 service to be extended to all Khyber Pakhtunkhwa districts'

'Rescue 1122 service to be extended to all Khyber Pakhtunkhwa districts'

Director General (DG) Emergency Response Service, Rescue 1122, Khyber Pakhtunkhwa Dr Shams-ul-Haq on Saturday said that after successful launching of the service in Peshawar and Mardan the facility will be extended to all districts of the province by the
Published 25 Mar, 2012 12:00am
Power supply to rural areas remains suspended for 18 hours

Power supply to rural areas remains suspended for 18 hours

Power supply remained suspended for 18 hours in rural areas of country due to high shortage between demand and supply, leading to widespread protests in different cities and towns. It may be noted power supply is facing a shortage of about 5000MW ahead of
Published 25 Mar, 2012 12:00am
Urs of Madhu Lal begins

Urs of Madhu Lal begins

Minister Auqaf Punjab, Haji Ehsan-ud-din Qureshi has said the government is paying special attention on the protection and renovation of Mazaars of Sufi Saints. He expressed these views at Darbar Hazrat Madhu Lal Hussain (R.A) while inaugurating annual Ur
Published 25 Mar, 2012 12:00am
Excessive challan, fines: Rickshaw drivers continue protest

Excessive challan, fines: Rickshaw drivers continue protest

A large number of rickshaw drivers and activists of Muttahida Shehri Mahaaz (MSM) continued their protest on third consecutive day at Chowk Ghanta Ghar against traffic challans and fines charged by traffic wardens in the city. They staged a protest demons
Published 25 Mar, 2012 12:00am
Punjab chief minister unveils plaque of Aashiyana Iqbal project

Punjab chief minister unveils plaque of Aashiyana Iqbal project

Punjab Chief Minister Shahbaz Sharif has said that only elite segment has been benefiting from national resources for the last 64 years that is why the condition of the common and poor people could not be improved. He said that we have diverted the resour
Published 25 Mar, 2012 12:00am
Nuclear Summit: Gilani says may meet Obama in Seoul

Nuclear Summit: Gilani says may meet Obama in Seoul

Prime Minister Syed Yousuf Raza Gilani on Saturday said he is likely to meet US President Barack Obama on the sidelines of the Nuclear Security Summit in Seoul where he is going to represent Pakistan. The Prime Minister was talking to Dr Michael Koch, out
Published 25 Mar, 2012 12:00am
Condolence

Condolence

Punjab University Vice Chancellor Professor Dr Mujahid Kamran has expressed his grief and sorrow over sad demise of renowned and senior journalist of Jang group and Chairman Education Reporters Association Hamid Javed. In a condolence statement, the VC sa
Published 25 Mar, 2012 12:00am
Syrian army pounds battered Homs; Annan in Moscow

Syrian army pounds battered Homs; Annan in Moscow

Syrian forces pounded the battered city of Homs with tank and mortar fire and troops pummelled several other rebel strongholds on Saturday, leaving at least 24 dead, opposition activists said. With the bloodshed showing no signs of abating, the UN-Arab Le
Published 25 Mar, 2012 12:00am
North Korea meetings set to boost young leader's power

North Korea meetings set to boost young leader's power

North Korea said on Saturday it will hold a special parliamentary session next month during which the reclusive country's new young leader, Kim Jong-un, is expected to be given a top title aimed at consolidating his grip on power.
Published 25 Mar, 2012 12:00am
Al Qaeda group claims German citizen kidnap

Al Qaeda group claims German citizen kidnap

A group claiming to be al Qaeda's north African wing said it had kidnapped a German man and demanded the release of a Muslim woman imprisoned in Germany in exchange for his freedom. In a statement posted on Islamist Internet forums, the group, which calle
Published 25 Mar, 2012 12:00am
Karzai calls for more education of girls

Karzai calls for more education of girls

Afghan President Hamid Karzai called Saturday on tribal and religious leaders to encourage the education of girls, a right which was denied to them under Taliban rule. Afghanistan's leader, speaking at a ceremony marking the start of the country's school
Published 25 Mar, 2012 12:00am
Five killed in Afghan roadside bombing

Five killed in Afghan roadside bombing

At least five people including a former senator were killed on Saturday when a roadside bomb ripped through a pickup truck in the southern Afghan province of Uruzgan, an official said. Four policemen were among the dead in the blast that struck the Dah Ya
Published 25 Mar, 2012 12:00am
Egypt's liberal MPs quit constitution panel vote

Egypt's liberal MPs quit constitution panel vote

Egyptian liberal MPs withdrew on Saturday from a crucial parliament vote for a panel to draft a new constitution amid a rift with Islamists over the constituent assembly's make up, liberals said. The liberals accused the majority Islamists of trying to mo
Published 25 Mar, 2012 12:00am
Santorum may win primary but lose Republican race

Santorum may win primary but lose Republican race

Rick Santorum is looking to Louisiana for a much-needed rebound as Republican voters go to the polls Saturday in the southern state's presidential primary. The former Pennsylvania senator is expected to do well in the contest, just a handful of days after
Published 25 Mar, 2012 12:00am
James Murdoch severs all ties with UK newspapers

James Murdoch severs all ties with UK newspapers

James Murdoch has severed all ties with News Corp's British newspaper business, which is at the centre of multiple investigations over phone and computer hacking and bribery, according to regulatory filings.
Published 25 Mar, 2012 12:00am
Six kids, two adults killed in US house fire

Six kids, two adults killed in US house fire

A fire tore through a two-story home that had no functioning smoke detectors Saturday in West Virginia's capital city, killing eight family members, including six children, the city's mayor said. Charleston Mayor Danny Jones said he believed it was the ci
Published 25 Mar, 2012 12:00am
European bishops slam Saudi fatwa against Gulf churches

European bishops slam Saudi fatwa against Gulf churches

Christian bishops in Germany, Austria and Russia have sharply criticised Saudi Arabia's top religious official after reports that he issued a fatwa saying all churches on the Arabian Peninsula should be destroyed.
Published 25 Mar, 2012 12:00am
Two dead as two small planes collide in US

Two dead as two small planes collide in US

A pilot whose plane crashed possibly after a midair collision with another aircraft was conscious when people ripped off the door of her Cessna 180 to pull her to safety, but authorities said two people in the other plane were killed.
Published 25 Mar, 2012 12:00am
Turkish forces kill 15 women Kurd rebels

Turkish forces kill 15 women Kurd rebels

Turkish security forces killed 15 rebel Kurds, all of them women, in fighting in the separatist heartland in the south-east of the country on Saturday, the interior ministry said. The clashes erupted the day after the Turkish army and police wrapped up a
Published 25 Mar, 2012 12:00am
Top New Zealand scientist dies

Top New Zealand scientist dies

Sir Paul Callaghan, a top New Zealand scientist who gained international recognition for his work in molecular physics, has died after a long battle with cancer. He was 64. "New Zealand has suffered a tremendous loss," Sir Peter Gluckman, Prime Minister J
Published 25 Mar, 2012 12:00am
IN SHORT: India's oilseed output up

IN SHORT: India's oilseed output up

India's oilseed output rose 2.2 percent to 26.01 million tonnes in the current crop year, a leading trade body said on Sunday, with the main winter-sown rapeseed crop hit by adverse weather conditions, and suggesting edible oil imports might rise.
Published 25 Mar, 2012 12:00am
IN SHORT: Alcotexa sells cotton

IN SHORT: Alcotexa sells cotton

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 3,321 tonnes of cotton in the week that ended on March 17, an Alcotexa official said on Monday. The sales comprised 308 tonnes of Giza 88 grade cotton, 2,000 tonnes of Giza 92 g
Published 25 Mar, 2012 12:00am
IN SHORT: sugar prices may fall

IN SHORT: sugar prices may fall

Consultant Jonathan Kingsman warned on Wednesday of risks sugar prices could fall after rallying to a three-week high this week, saying funds that piled into the sweetener may have over-reacted to talk of lower-than-expected Brazilian output.
Published 25 Mar, 2012 12:00am
IN SHORT: Indonesia sugar prices jump

IN SHORT: Indonesia sugar prices jump

Domestic sugar prices in Indonesia, Southeast Asia's largest consumer, approached their highest levels in more than a year this week on uncertainty over when a government-appointed trading house would start importing the sweetener.
Published 25 Mar, 2012 12:00am
IN SHORT: China's implied copper consumption up

IN SHORT: China's implied copper consumption up

Increased net imports and higher domestic production pushed implied consumption for refined copper in China, the world's top consumer of the metal, up 20.8 percent month-on-month in February, according to Reuters calculations based on official customs dat
Published 25 Mar, 2012 12:00am
Oil prices jump on Iran fears; most commodities fall by China data

Oil prices jump on Iran fears; most commodities fall by China data

Oil prices jumped late Friday on Iran supply tensions, but most commodities fell last week as worse-than-expected economic data from China and Europe stoked concerns over global demand. Crude oil briefly surged, as traders seized on reports that Iranian e
Published 25 Mar, 2012 12:00am
Argentine truckers strike as soya harvest starts

Argentine truckers strike as soya harvest starts

Argentina's truckers have called an indefinite strike to demand higher pay rates, parking their rigs in protest just as exporters were counting on them to haul freshly harvested soybeans to port. Grains powerhouse Argentina is the world's No 1 supplier of
Published 25 Mar, 2012 12:00am
Bangladesh cuts annual oil import target

Bangladesh cuts annual oil import target

Bangladesh's government said on Thursday it has lowered its annual oil import target by 13 percent to 5.8 million tonnes, seeking to save money as exchange rates have been unfavourable. State-owned Bangladesh Petroleum Corporation (BPC) will reduce its oi
Published 25 Mar, 2012 12:00am
India to buy cheaper tyre grade from Indonesia

India to buy cheaper tyre grade from Indonesia

High domestic prices of rubber prompted India, the world's second-largest consumer, to buy cheaper tyre grade from Indonesia, while China showed little buying interest as factories opted for supplies from the country's warehouses, dealers said on Wednesda
Published 25 Mar, 2012 12:00am
Asian rice prices stay firm on likely purchases from Nigeria, China

Asian rice prices stay firm on likely purchases from Nigeria, China

Asian rice prices stayed firm this week, supported by larger than expected purchases from Nigeria and China which are likely to continue in the next few months, traders said on Wednesday. Asian producers Thailand and Vietnam are the world's top rice expor
Published 25 Mar, 2012 12:00am
India may allow sugar exports

India may allow sugar exports

Indian ministers could allow a further one million tonnes of sugar exports when they meet on March 26, a government source and traders said, just ahead of top producer Brazil's entry into the market next month when global prices could tumble.
Published 25 Mar, 2012 12:00am
US gold rises one percent, set to end three-week drop

US gold rises one percent, set to end three-week drop

Gold rose more than 1 percent on Friday for its biggest one-day gain in a month, as higher crude oil prices and a sharp drop in the dollar triggered short-covering after a sell-off earlier in the week.
Published 25 Mar, 2012 12:00am
Manila may buy Thai rice

Manila may buy Thai rice

The Philippines' state grain agency is considering buying 120,000 tonnes of rice from either Vietnam or Thailand in a government-to-government deal and expects to make a decision by April, the head of the agency said on Monday.
Published 25 Mar, 2012 12:00am
US stocks bounce back from three-day losing streak

US stocks bounce back from three-day losing streak

US stocks rose in light volume on Friday, buoyed by rising energy and basic materials shares, as the S&P 500 kept showing resilience even as it posted its second negative week so far this year. The benchmark S&P 500 slipped 0.5 percent for the week. In an
Published 25 Mar, 2012 12:00am
Europe's IPO market seen picking up slowly

Europe's IPO market seen picking up slowly

European stock markets are open for deals again after an eight month drought but with investors still hurting from last year's poorly performing flotations and many companies not expected to be ready until later in the year, the recovery may be slow.
Published 25 Mar, 2012 12:00am
Bond prices rise again after last week's rout

Bond prices rise again after last week's rout

US Treasury debt prices rose for a fourth straight session on Friday as nagging concerns about Europe's debt problems and jitters about slowing global growth stoked demand for low-risk government debt. Benchmark yields were on track to fall 6 basis points
Published 25 Mar, 2012 12:00am
Bond prices rise again after last week's rout

Bond prices rise again after last week's rout

US Treasury debt prices rose for a fourth straight session on Friday as nagging concerns about Europe's debt problems and jitters about slowing global growth stoked demand for low-risk government debt. Benchmark yields were on track to fall 6 basis points
Published 25 Mar, 2012 12:00am
Bunds rise as recovery optimism stalls; Italy sale eyed

Bunds rise as recovery optimism stalls; Italy sale eyed

German Bund futures rose on Friday as the latest bout of economic data cooled optimism about a global recovery, while investors looked to Italy's bond sale next week to gauge if the renewed worries about peripheral euro zone states were justified.Bunds ro
Published 25 Mar, 2012 12:00am
Bunds rise as recovery optimism stalls; Italy sale eyed

Bunds rise as recovery optimism stalls; Italy sale eyed

German Bund futures rose on Friday as the latest bout of economic data cooled optimism about a global recovery, while investors looked to Italy's bond sale next week to gauge if the renewed worries about peripheral euro zone states were justified.Bunds ro
Published 25 Mar, 2012 12:00am
BATS exchange withdraws IPO after it stumbles

BATS exchange withdraws IPO after it stumbles

In a breakdown that resembled a mini version of the 2010 "flash crash," a series of glitches hit the market debut of BATS Global Markets Inc on Friday, causing the company to take the extremely rare step of withdrawing its initial public offering of share
Published 25 Mar, 2012 12:00am
Latam stocks trade flat, Brazil down for the week

Latam stocks trade flat, Brazil down for the week

Latin American shares wobbled on Friday as concerns about weak economic data in China and Europe limited gains and investors looked forward for fresh signs of a brightening US economy. The MSCI Latin American stock index rose 0.42 percent after hitting it
Published 25 Mar, 2012 12:00am
TSX rises as strong commodities lift resource shares

TSX rises as strong commodities lift resource shares

Toronto's main stock index closed higher on Friday, led by its materials, financial and energy sectors, with stronger oil and metal prices lifting natural resource companies. A mix of names led the market higher including Barrick Gold , which climbed 1.7
Published 25 Mar, 2012 12:00am
Thailand to sell government bonds

Thailand to sell government bonds

Thailand plans to sell 171.5 billion baht ($5.6 billion) of government bonds in the April-June quarter plus 125 billion baht in the following quarter and will take on bank loans to finance flood-related projects, a senior Finance Ministry official said on
Published 25 Mar, 2012 12:00am
Thailand to sell government bonds

Thailand to sell government bonds

Thailand plans to sell 171.5 billion baht ($5.6 billion) of government bonds in the April-June quarter plus 125 billion baht in the following quarter and will take on bank loans to finance flood-related projects, a senior Finance Ministry official said on
Published 25 Mar, 2012 12:00am
ADRs up; miners gain after Codelco record output

ADRs up; miners gain after Codelco record output

US-listed shares of overseas companies edged higher on Friday, with mining companies helped by Codelco's report of record copper output for 2011. Chile's Codelco, the world's top copper producer, reported its 2011 pre-tax profit rose 21 percent from a yea
Published 25 Mar, 2012 12:00am
JGBs steady to slightly higher

JGBs steady to slightly higher

Japanese government bond prices were supported on Friday after weak manufacturing data from China and Europe rekindled global growth concerns, though most Japanese players stayed on the sidelines ahead of the closing of their books. In quiet trade, future
Published 25 Mar, 2012 12:00am
JGBs steady to slightly higher

JGBs steady to slightly higher

Japanese government bond prices were supported on Friday after weak manufacturing data from China and Europe rekindled global growth concerns, though most Japanese players stayed on the sidelines ahead of the closing of their books. In quiet trade, future
Published 25 Mar, 2012 12:00am
Promsvyazbank mulls Eurobond, IPO in 2012

Promsvyazbank mulls Eurobond, IPO in 2012

Promsvyazbank (PSB), one of Russia's largest privately-owned banks, may issue Eurobonds worth around $500 million in the second quarter of 2012 and float shares later in the year if market conditions allow, a top executive said in an interview. The lender
Published 25 Mar, 2012 12:00am
US Air Force extends probe into Afghan plane deal

US Air Force extends probe into Afghan plane deal

The US Air Force on Friday said it was extending an investigation into an embarrassing mistake that prompted it to cancel a contract, valued at up to $1 billion, to sell Brazilian light attack planes to the Afghan government. Air Force General Donald Hoff
Published 25 Mar, 2012 12:00am
Lockheed welcomes Norway backing of F-35 fighter

Lockheed welcomes Norway backing of F-35 fighter

Lockheed Martin Corp on Friday welcomed news that Norway planned to increase its order for F-35 Joint Strike Fighter jets by four planes, and was considering pulling forward the delivery of two initial training jets by one year to 2015. Lockheed said the
Published 25 Mar, 2012 12:00am
African Union launches US-backed force to hunt Kony

African Union launches US-backed force to hunt Kony

The African Union (AU), backed by the United States, has put together a 5,000-strong military force to hunt down fugitive warlord Joseph Kony, whose profile has shot up following a celebrity-backed campaign against him. Kony, accused of terrorising northe
Published 25 Mar, 2012 12:00am
Mali junta leader Sanogo denies counter-coup rumours

Mali junta leader Sanogo denies counter-coup rumours

The leader of a military coup in Mali, Amadou Sanogo, appeared on television on Saturday to say he was alive and well, denying rumours that he had been killed in a counter-coup days after seizing power. "Good evening, people of Mali, good evening comrades
Published 25 Mar, 2012 12:00am
Lawsuit over Martin Luther King documents thrown out

Lawsuit over Martin Luther King documents thrown out

A federal judge in Mississippi dismissed a lawsuit on Friday filed by the estate of Martin Luther King Jr. claiming ownership of documents in the possession of the son of the slain civil rights leader's former personal secretary. US District Court Judge T
Published 25 Mar, 2012 12:00am
MF Global's Corzine faces new scrutiny on customer accounts

MF Global's Corzine faces new scrutiny on customer accounts

Congressional investigators released details of emails from just before MF Global's bankruptcy that renew questions about whether anyone at the failed brokerage authorised the use of customer funds to cover an overdraft in London.
Published 25 Mar, 2012 12:00am
Deadly protest after Egypt football ban

Deadly protest after Egypt football ban

A boy was shot dead when Egyptian forces clashed with football fans protesting against a ban on their club over a stadium riot that killed dozens last month, officials said on Saturday. Security officials said the boy was 13 years old, and that another 18
Published 25 Mar, 2012 12:00am
Debris prompts space station crew to seek shelter

Debris prompts space station crew to seek shelter

A passing piece of potentially dangerous space debris forced astronauts at the International Space Station to temporarily seek refuge in escape ships early on Saturday, US officials said. The debris, a fragment from an old Russian satellite named Cosmos 2
Published 25 Mar, 2012 12:00am
Nasheed seeks plebiscite to end Maldivian crisis

Nasheed seeks plebiscite to end Maldivian crisis

Former Maldivian president Mohamed Nasheed called on Saturday for a referendum to test the legitimacy of the new government which he accused of coming to power in a military coup. Nasheed, who met Sri Lankan leaders and Colombo-based diplomats in a bid to
Published 25 Mar, 2012 12:00am
Iraq arrests 22 policemen after prison escape

Iraq arrests 22 policemen after prison escape

Iraq on Saturday detained 22 policemen and guards employed at a temporary prison in the northern oil-rich city of Kirkuk after 19 inmates - most of them facing terrorism charges - escaped. The prisoners fled the jail, based inside a fortified police compo
Published 25 Mar, 2012 12:00am
SEC takes Wells Fargo to court to enforce subpoenas

SEC takes Wells Fargo to court to enforce subpoenas

US securities regulators accused Wells Fargo & Co on Friday of repeatedly ignoring its subpoenas for documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities. The Securities and Exchange Commission's filing in a
Published 25 Mar, 2012 12:00am
North Korea, Iran to loom large over nuclear summit

North Korea, Iran to loom large over nuclear summit

World leaders including US President Barack Obama Monday will launch a summit on the threat from nuclear-armed terrorists, but the atomic ambitions of North Korea and Iran are set to feature heavily. North Korea's upcoming rocket launch has overshadowed t
Published 25 Mar, 2012 12:00am
Pakistan is no longer unpredictable: Misbah

Pakistan is no longer unpredictable: Misbah

Pakistan's cricket team captain, Misbah-ul-Haq, said on Saturday his team has shaken off the tag of being unpredictable after winning the Asia Cup. Over the past 18 months, Pakistan has lost just one limited-overs series a 4-0 whitewash by England in the
Published 25 Mar, 2012 12:00am
Retirement not on my mind, says Tendulkar

Retirement not on my mind, says Tendulkar

India's batting superstar Sachin Tendulkar has said he isn't ready to hang up his boots yet, amid growing speculation about his future following his long-awaited 100th international century. "I still get goose bumps as I stand with my team-mates when the
Published 25 Mar, 2012 12:00am
ICC ban on Aamer is too harsh: PCB chief

ICC ban on Aamer is too harsh: PCB chief

Mohammad Aamer's five-year ban from cricket for spot fixing is too harsh, Pakistan Cricket Board (PCB) chairman Zaka Ashraf has said. "Amir could have become the best bowler in the world. He has served his prison sentence and that matter is now closed, bu
Published 25 Mar, 2012 12:00am
South Africa defy weather to build solid total

South Africa defy weather to build solid total

South Africa made light of the grim weather as they cruised to 246-2 on the second day of the weather-affected third and final Test against New Zealand on Saturday. Alviro Peterson, who struggled for runs in the first two Tests, found the Basin Reserve pi
Published 25 Mar, 2012 12:00am
Amla unlikely to continue game

Amla unlikely to continue game

Key South African batsman Hashim Amla is unlikely to take any further part in the third Test against New Zealand after having emergency surgery on his groin area. The top-order batsman was in extreme discomfort after being struck by a delivery from fast b
Published 25 Mar, 2012 12:00am
Pollard helps West Indies win

Pollard helps West Indies win

Kieron Pollard smashed a blistering century as West Indies defeated Australia by 42 runs in the fourth one-day international on Friday to take a 2-1 lead in the five-match series. The 24-year-old Pollard hit eight sixes and five fours in his 70-ball 102 a
Published 25 Mar, 2012 12:00am
Bangladesh seek to reverse result of Asia Cup final

Bangladesh seek to reverse result of Asia Cup final

Bangladesh will ask the Asian Cricket Council (ACC) to review an incident in the final over of the Asia Cup final against Pakistan on Thursday which they believe cost them the game. Pakistan won by two runs after Bangladesh could score six runs only from
Published 25 Mar, 2012 12:00am
Ireland beat Afghanistan in T20 qualifying final

Ireland beat Afghanistan in T20 qualifying final

Ireland defeated Afghanistan by five wickets in the final of the World Twenty20 qualifying tournament on Saturday, in a battle between two sides who had already booked their places at the global showpiece in Sri Lanka. Afghanistan, who had won all eight m
Published 25 Mar, 2012 12:00am
Messi and I think quicker, says Maradona

Messi and I think quicker, says Maradona

Diego Maradona believes there is one trait that sets himself and Lionel Messi apart from the rest when it comes to discussing the best players of all time: speed of thought. For many years Maradona was one half of the great debate as to who was the best e
Published 25 Mar, 2012 12:00am
Spurs stay five points ahead of Chelsea

Spurs stay five points ahead of Chelsea

Chelsea's hopes of a top-four finish suffered a setback when they could only draw 0-0 with Tottenham Hotspur in a disappointing Premier League derby on Saturday that was great news for resurgent Arsenal who beat Aston Villa 3-0. Fourth-placed Tottenham re
Published 25 Mar, 2012 12:00am
Bolton tribute to Muamba with Blackburn win

Bolton tribute to Muamba with Blackburn win

Bolton paid an emotional tribute to stricken star Fabrice Muamba on Saturday with a morale-boosting 2-1 victory over fellow Premier League strugglers Blackburn. A packed house at the Reebok Stadium saw Wanderers fan form a giant mosaic reading "Muamba 6"
Published 25 Mar, 2012 12:00am
Venus, Nadal, Azarenka advance at Miami

Venus, Nadal, Azarenka advance at Miami

Venus Williams, in only her second WTA match after a long illness layoff, upset world number three Petra Kvitova on Friday to reach the third round of the WTA and ATP Miami hardcourt tournament. World number two Rafael Nadal cruised in his opener and wome
Published 25 Mar, 2012 12:00am
Canadian dollar tracks other risk assets into positive territory

Canadian dollar tracks other risk assets into positive territory

The Canadian dollar eked out a small gain against the US dollar on Friday, reversing earlier losses as it tracked a broad rebound in the euro, world stocks and commodities such as oil. Investors appeared to set aside concerns about global growth and large
Published 25 Mar, 2012 12:00am
Speculators trim net US dollar bets

Speculators trim net US dollar bets

Currency speculators pared their net bets on the dollar in the latest week to the lowest since February, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net-long position dropped to $11.67 bill
Published 25 Mar, 2012 12:00am
Brazil's real strengthens, Mexico's peso up

Brazil's real strengthens, Mexico's peso up

Brazil's real strengthened on Friday after data lent optimism to the country's growth prospects, though central bank intervention threatened to limit the currency's future gains. Retail sales in Brazil rose more than expected in January, pointing to stron
Published 25 Mar, 2012 12:00am
Euro rises to three-week high, may pull back next week

Euro rises to three-week high, may pull back next week

The euro climbed to a three-week peak against the dollar on Friday as concerns about a slowdown in the euro zone ebbed, but the euro could reverse gains next week as bond auctions in Spain and Italy draw scrutiny. Any sign of eroding confidence in the bon
Published 25 Mar, 2012 12:00am
Rupee fall no cure-all for Sri Lanka exports

Rupee fall no cure-all for Sri Lanka exports

Textiles exporters hoping the fall of Sri Lanka's rupee would drive a boom this year are set to be disappointed as a resulting rise in costs of imported materials undermines margins, the state-run Export Development Board (EDB) said on Wednesday.
Published 25 Mar, 2012 12:00am
Emerging European currencies stabilise

Emerging European currencies stabilise

Emerging European currencies inched higher to the euro on Friday, recovering earlier losses as the single currency also bounced back, while Hungarian debt yields were at two-month highs after Budapest said it could tap foreign markets before securing a fi
Published 25 Mar, 2012 12:00am
World focus shifting from value of Chinese yuan

World focus shifting from value of Chinese yuan

Critics of China's foreign exchange regime have shifted their focus from the value of the yuan to the mechanism in which its day-to-day level is set, the head of the OECD said on Tuesday, a fresh sign that currency may be near its equilibrium level.
Published 25 Mar, 2012 12:00am
Chinese diamond miner ups wages to end Zimbabwe strike

Chinese diamond miner ups wages to end Zimbabwe strike

Anjin, the biggest miner operating in Zimbabwe's controversial Marange diamond fields, said on Saturday a two-day strike by workers had ended after management agreed to a 25-percent wage hike. In previous strikes by local employees, Chinese-run Anjin was
Published 25 Mar, 2012 12:00am
Immofinanz acquires all of Moscow shopping centre

Immofinanz acquires all of Moscow shopping centre

Austrian real estate group Immofinanz said it would buy the remaining 50 percent of the Golden Babylon Rostokino shopping centre in Moscow from Russian company Patero. Immofinanz said the parties had agreed not to disclose any financial details on the dea
Published 25 Mar, 2012 12:00am
Italy union says it may step up job reform strikes

Italy union says it may step up job reform strikes

Italy's biggest labour union threatened on Saturday to step up strikes to protest against plans to open up the job market that the government says will encourage investment. The plans would make it easier for firms to hire and fire. After running into opp
Published 25 Mar, 2012 12:00am
US lawmakers release $88.6 million in aid to Palestinians

US lawmakers release $88.6 million in aid to Palestinians

US lawmakers on Friday released $88.6 million in development aid for the Palestinians that they had held up since last summer, a move that should help ease a fiscal crisis in the aid-dependent Palestinian economy. Representative Kay Granger announced she
Published 25 Mar, 2012 12:00am
Akbank says Citi's stake trim driven by Basel III rules

Akbank says Citi's stake trim driven by Basel III rules

Citigroup's decision to reduce its stake in Akbank from 20 percent to 10 percent was part of a move to prepare for Basel III rules and technical reasons related to Citibank, the Turkish lender said in a statement late on Friday.
Published 25 Mar, 2012 12:00am
Siemens sees renewable energy unit back in black

Siemens sees renewable energy unit back in black

German conglomerate Siemens expects its renewable energy unit to return to profit following a loss in the first fiscal quarter, a management board member told a German magazine. "Overall, we will probably be back in the black at our renewable energy unit
Published 25 Mar, 2012 12:00am
India's GAIL eyes project stakes, long-term deals

India's GAIL eyes project stakes, long-term deals

India's state-owned gas utility GAIL India Ltd is evaluating several proposals for equity stakes and long-term supply deals in the United States, Middle East and Southeast Asia, its chairman said on Saturday. The company's strategy is part of the country'
Published 25 Mar, 2012 12:00am
German government ready for concessions on fiscal pact

German government ready for concessions on fiscal pact

German Chancellor Angela Merkel is ready to make concessions on the fiscal pact struck by European leaders earlier this month, in order to win the opposition support she needs to have it approved in parliament, a German newspaper reported on Saturday.
Published 25 Mar, 2012 12:00am
Rising Chinese wages a headache for US firms

Rising Chinese wages a headache for US firms

After decades of US caterwauling about the crippling impact of China's low labour costs on domestic manufacturing, firms state-side now fret about the impact of rising Chinese wages. First came anger, then depression and then acceptance. In the three deca
Published 25 Mar, 2012 12:00am
Daimler to present electric car study for China

Daimler to present electric car study for China

Luxury car maker Daimler will present a study of an electric car for the Chinese market at the Beijing International Automotive Exhibition in late April, a company board member told a German magazine. "We will present a study that will show how the electr
Published 25 Mar, 2012 12:00am
Spain to hike power rates, cut subsidies

Spain to hike power rates, cut subsidies

Spain's centre-right government may decree on Friday an electricity rate hike of up to 7 percent for consumers and cut subsidies to power distributors by 10 percent, several newspapers reported on Saturday. However, government sources told Reuters there w
Published 25 Mar, 2012 12:00am
Spain to hike power rates, cut subsidies

Spain to hike power rates, cut subsidies

Spain's centre-right government may decree on Friday an electricity rate hike of up to 7 percent for consumers and cut subsidies to power distributors by 10 percent, several newspapers reported on Saturday. However, government sources told Reuters there w
Published 25 Mar, 2012 12:00am
Thailand plans $70 billion infrastructure investment

Thailand plans $70 billion infrastructure investment

Thailand will spend more than $70 billion on infrastructure over the next five years, Prime Minister Yingluck Shinawatra said as he outlined the challenges facing the country after last year's floods. In an address late Friday to the Foreign Correspondent
Published 25 Mar, 2012 12:00am
Number of illegal immigrants in US is stable

Number of illegal immigrants in US is stable

The number of illegal immigrants in the United States ticked down slightly to 11.5 million as of January 2011, according to statistics released by the Obama administration on an issue likely to play a big role in the US presidential campaign.
Published 25 Mar, 2012 12:00am
Italian bank MPS' top investor sells down stake

Italian bank MPS' top investor sells down stake

The top investor in Banca Monte dei Paschi di Siena said on Saturday it had sold an 8.2 percent stake in Italy's No 3 bank, raising around 339 million euros ($449.61 million) and boosting chances of keeping creditors at bay. The foundation, a charitable i
Published 25 Mar, 2012 12:00am
Optimistic on Greece says EU task force boss

Optimistic on Greece says EU task force boss

Greece is well on track in its efforts to improve how it monitors its finances, the head of the European Commission's special task force said, while adding that its banking system remained in difficulty. "I am optimistic as never before," Horst Reichenbac
Published 25 Mar, 2012 12:00am
PepsiCo CEO's compensation up six percent to $17 million

PepsiCo CEO's compensation up six percent to $17 million

PepsiCo Inc Chief Executive Indra Nooyi had total compensation worth $17.1 million last year, up 6 percent from 2010, even as the food and drink company failed to meet its key internal performance targets. The increase is largely due to a 23 percent jump
Published 25 Mar, 2012 12:00am
Irish leader headed to China for trade talks

Irish leader headed to China for trade talks

Irish Prime Minister Enda Kenny begins a four-day trade mission in China on Sunday, one month after the Asian giant's leader-in-waiting paid a visit to Dublin. Kenny will meet business leaders in Shanghai before heading to Beijing for talks with Premier W
Published 25 Mar, 2012 12:00am
Irri-6 Sindh gains Rs 75 on grain market

Irri-6 Sindh gains Rs 75 on grain market

Rice prices were higher on the wholesale grain market on Saturday in process of trading, dealers said. On the rice sector Irri-6 Sindh gained Rs 75 to Rs 3600-3675, other types maintained overnight levels in process of thin business, they said.
Published 25 Mar, 2012 12:00am
US wheat features rise

US wheat features rise

US wheat futures rose on Friday as investors covered short positions ahead of the weekend, traders said. Volatile markets make investors more likely to cash out positions rather then leaving themselves exposed when the markets are closed, traders said.
Published 25 Mar, 2012 12:00am
US corn features end up on weak dollar

US corn features end up on weak dollar

Chicago Board of Trade corn futures closed higher on Friday supported by a weaker dollar, higher crude oil and spillover influence from a soyabean rally. Corn was down 4 percent for the week due to a technical reversal and selling early in the week.
Published 25 Mar, 2012 12:00am
FOB Gulf soya export premiums steady to firm

FOB Gulf soya export premiums steady to firm

US soyabean export premiums at the Gulf Coast were steady to firm on Friday amid higher CIF basis values and reduced South American production, traders said. Nearby CIF soyabean basis bids climbed another 2 cents a bushel, adding to similar gains a day ea
Published 25 Mar, 2012 12:00am
US Midwest corn, soya stable as sales stay slow

US Midwest corn, soya stable as sales stay slow

Corn and soyabean spot basis bids were steady to firm at elevators, river and rail terminals around the US Midwest on Friday as farmers largely delayed sales even as futures gained, grain merchants said. CBOT soya futures climbed 1 percent while corn futu
Published 25 Mar, 2012 12:00am
Port Qasim's activities

Port Qasim's activities

Port Qasim maintained port's activities of cargo volume of 1,993 tonnes including only 1,993 tonnes of export cargo are handled during the last 24 hours of business activity on Saturday. The total export cargo volume comprised of 1,993 tonnes comprising o
Published 25 Mar, 2012 12:00am
Canadian canola futures climb

Canadian canola futures climb

Canadian canola futures raised on Friday, following soyabeans, but finished with a slight weekly loss, their first in eight weeks. Speculators were steady buyers and funds may have added to their net long position - trader. Crusher buying seen in some def
Published 25 Mar, 2012 12:00am
Argentinean 2012-13 wheat output seen at 12 million tonnes

Argentinean 2012-13 wheat output seen at 12 million tonnes

The report issued by US Department of Agriculture attache in Argentina. Wheat production for 2012/13 is projected to drop to 12 million tonnes as a result of a lower planted area. Most of the lost area will be planted with barley, which is forecast to inc
Published 25 Mar, 2012 12:00am
Thai rice exports seen down 39 percent

Thai rice exports seen down 39 percent

Following are selected highlights from a report issued by a US Department of Agriculture attache in Thailand. "The anticipated large supplies of rice from the MY2011/12 and MY2012/13 crops, driven by the aggressive Paddy Pledging Program, will hardly be e
Published 25 Mar, 2012 12:00am
Iran ramps up food imports via Turkish route

Iran ramps up food imports via Turkish route

Almost half a million tonnes of grain has arrived at Iran's major food port and Turkish banks are being used by the Islamic Republic as an alternative trade financing route to sidestep Western sanctions, trade sources say. Iran has been shopping for wheat
Published 25 Mar, 2012 12:00am
South Africa maize export to Mexico puts it into deficit situation

South Africa maize export to Mexico puts it into deficit situation

South Africa has committed an additional 400,000 tonnes of maize exports to drought-stricken Mexico, a scenario that will likely push Africa's largest corn producer into a deficit situation this marketing season and propel domestic food prices higher.
Published 25 Mar, 2012 12:00am
Italy wheat, maize plantings rise in 2012

Italy wheat, maize plantings rise in 2012

Italy, a major grain importer in the European Union, has planted more wheat for the 2012 crop and is expected to sow more maize this spring encouraged by high prices on local and international markets, the country's agricultural research centre ISMEA said
Published 25 Mar, 2012 12:00am
Exporters' buying helps rates remain steady on cotton market

Exporters' buying helps rates remain steady on cotton market

Firmness prevailed on the cotton market on Saturday as exporters entered the market, which helped prices to hold the obtaining levels in process of slow trading, dealers said. The Karachi Cotton Association (KCA), official spot rate was unchanged at Rs 53
Published 25 Mar, 2012 12:00am
Oil cake market rates

Oil cake market rates

The March vaida matured and the July contract commenced on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The March matured at 768.00, while the May vaida that had closed at Rs 784.80 commenced with 30 paisa gain at
Published 25 Mar, 2012 12:00am
Speculators raise net long in US soya, corn

Speculators raise net long in US soya, corn

Large speculators raised their net long position on Chicago Board of Trade soyabean futures and options for a seventh straight week to the largest on record, regulatory data showed on Friday. The non-commercial traders, a category that includes hedge fund
Published 25 Mar, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The dollar was firm on the open market on Saturday in process of trading, dealers said. The rupee did not show any change against dollar for buying and selling at 91.05 and 91.15, they said. The rupee, however, lost steeply versus euro for buying Rs 1.16
Published 25 Mar, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The dollar was firm on the open market on Saturday in process of trading, dealers said. The rupee did not show any change against dollar for buying and selling at 91.05 and 91.15, they said. The rupee, however, lost steeply versus euro for buying Rs 1.16
Published 25 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
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