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Archive - 2016-12-04
Government committed to promoting Islamic Finance, says Dar

Government committed to promoting Islamic Finance, says Dar

Federal Minister for Finance, Senator Ishaq Dar on Saturday said, "Our Government has always been committed to the development and promotion of Islamic Finance." He expressed these views while chairing the first meeting of the Committee for Implementation
Published 04 Dec, 2016 12:00am
Government committed to promoting Islamic Finance, says Dar

Government committed to promoting Islamic Finance, says Dar

Federal Minister for Finance, Senator Ishaq Dar on Saturday said, "Our Government has always been committed to the development and promotion of Islamic Finance." He expressed these views while chairing the first meeting of the Committee for Implementation
Published 04 Dec, 2016 12:00am
Government committed to promoting Islamic Finance, says Dar

Government committed to promoting Islamic Finance, says Dar

Federal Minister for Finance, Senator Ishaq Dar on Saturday said, "Our Government has always been committed to the development and promotion of Islamic Finance." He expressed these views while chairing the first meeting of the Committee for Implementation
Published 04 Dec, 2016 12:00am
SECP directs companies to maintain functional websites without fail

SECP directs companies to maintain functional websites without fail

Websites of companies, being the virtual face of entities, is an effective tool for dissemination of material information to the public. The SECP, as a first step in this direction, issued a notification dated July 10, 2014, requiring all public companies
Published 04 Dec, 2016 12:00am
Afghan Taliban hang university student in public

Afghan Taliban hang university student in public

Taliban militants publicly hanged a university student after accusing him of killing a senior intelligence officer, Afghan officials said Saturday. The militants took Faizul Rehman, a fourth-year student at Kabul Polytechnic university, from his car as he
Published 04 Dec, 2016 12:00am
Dar terms OGP as another step towards increased government transparency

Dar terms OGP as another step towards increased government transparency

Pakistan's participation in Open Government Partnership (OGP) will be another step towards increased government transparency and stronger accountability leading to greater prosperity and wellbeing of the citizens. "Measures such as accession to the Organi
Published 04 Dec, 2016 12:00am
Bilawal to contest election from mother's seat

Bilawal to contest election from mother's seat

Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari on Saturday announced to contest election from his mother Banazir Bhutto's traditional in Larkana NA-207. He also confirmed that his aunt Faryal Talpur would vacate the seat after December 27.
Published 04 Dec, 2016 12:00am
Bilawal to contest election from mother's seat

Bilawal to contest election from mother's seat

Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari on Saturday announced to contest election from his mother Banazir Bhutto's traditional in Larkana NA-207. He also confirmed that his aunt Faryal Talpur would vacate the seat after December 27.
Published 04 Dec, 2016 12:00am
Investigations opened against 3 former: FBR chairmen, others?

Investigations opened against 3 former: FBR chairmen, others?

National Accountability Bureau (NAB) on Saturday opened investigations against three former Federal Board of Revenue (FBR) chairmen and former collector Ashir Azeem in the record computerisation project. According to NAB sources, important advancement has
Published 04 Dec, 2016 12:00am
Investigations opened against 3 former: FBR chairmen, others?

Investigations opened against 3 former: FBR chairmen, others?

National Accountability Bureau (NAB) on Saturday opened investigations against three former Federal Board of Revenue (FBR) chairmen and former collector Ashir Azeem in the record computerisation project. According to NAB sources, important advancement has
Published 04 Dec, 2016 12:00am
Investigations opened against 3 former: FBR chairmen, others?

Investigations opened against 3 former: FBR chairmen, others?

National Accountability Bureau (NAB) on Saturday opened investigations against three former Federal Board of Revenue (FBR) chairmen and former collector Ashir Azeem in the record computerisation project. According to NAB sources, important advancement has
Published 04 Dec, 2016 12:00am
Fatemi to meet transition team of Trump: FO

Fatemi to meet transition team of Trump: FO

Special Assistant to the Prime Minister on Foreign Affairs Tariq Fatemi will leave for United States on 10-day visit to meet the transition team of President-elect Donald Trump and other high US officials. Foreign Office sources said that the Prime Minist
Published 04 Dec, 2016 12:00am
Fatemi to meet transition team of Trump: FO

Fatemi to meet transition team of Trump: FO

Special Assistant to the Prime Minister on Foreign Affairs Tariq Fatemi will leave for United States on 10-day visit to meet the transition team of President-elect Donald Trump and other high US officials. Foreign Office sources said that the Prime Minist
Published 04 Dec, 2016 12:00am
PTI to move LHC against Shahbaz

PTI to move LHC against Shahbaz

Pakistan Tehreek-e-Insaaf (PTI) leader Jahangir Tareen on Saturday said his party would approach the Lahore High Court (LHC) to seek disqualification of Punjab Chief Minister Shehbaz Sharif on corruption charges. Speaking to media here, , Tareen said that
Published 04 Dec, 2016 12:00am
PTI to move LHC against Shahbaz

PTI to move LHC against Shahbaz

Pakistan Tehreek-e-Insaaf (PTI) leader Jahangir Tareen on Saturday said his party would approach the Lahore High Court (LHC) to seek disqualification of Punjab Chief Minister Shehbaz Sharif on corruption charges. Speaking to media here, , Tareen said that
Published 04 Dec, 2016 12:00am
FIA team to fly to Bangkok for Bhola's arrest

FIA team to fly to Bangkok for Bhola's arrest

Federal Investigation Agency (FIA) team will fly to Bangkok for Abdul Rehman aka Bhola's arrest who was caught on Saturday in Thailand by Interpol and Thai police. Bhola is a prime suspect in Baldia Factory tragedy. According to police, Abdul Rehman Bhola
Published 04 Dec, 2016 12:00am
FIA team to fly to Bangkok for Bhola's arrest

FIA team to fly to Bangkok for Bhola's arrest

Federal Investigation Agency (FIA) team will fly to Bangkok for Abdul Rehman aka Bhola's arrest who was caught on Saturday in Thailand by Interpol and Thai police. Bhola is a prime suspect in Baldia Factory tragedy. According to police, Abdul Rehman Bhola
Published 04 Dec, 2016 12:00am
PC team to participate in ECO's RPC moot in Tehran

PC team to participate in ECO's RPC moot in Tehran

A high-level delegation of Planning Commission will participate in a conference of Regional Planning Council (RPC) of the Economic Co-operation Organisation (ECO), which would be held from December 5 to December 8 in Tehran to discuss the issues of energy
Published 04 Dec, 2016 12:00am
PC team to participate in ECO's RPC moot in Tehran

PC team to participate in ECO's RPC moot in Tehran

A high-level delegation of Planning Commission will participate in a conference of Regional Planning Council (RPC) of the Economic Co-operation Organisation (ECO), which would be held from December 5 to December 8 in Tehran to discuss the issues of energy
Published 04 Dec, 2016 12:00am
PC team to participate in ECO''s RPC moot in Tehran

PC team to participate in ECO''s RPC moot in Tehran

A high-level delegation of Planning Commission will participate in a conference of Regional Planning Council (RPC) of the Economic Co-operation Organisation (ECO), which would be held from December 5 to December 8 in Tehran to discuss the issues of energy
Published 04 Dec, 2016 12:00am
Kissinger meets Xi

Kissinger meets Xi

Chinese President Xi Jinping met with former US Secretary of State Henry Kissinger in Beijing Friday, that reminds his secret visit to China in 1971 via Pakistan. Chinese leadership give great respect to Kissinger for his pioneering role in China's openin
Published 04 Dec, 2016 12:00am
Kissinger meets Xi

Kissinger meets Xi

Chinese President Xi Jinping met with former US Secretary of State Henry Kissinger in Beijing Friday, that reminds his secret visit to China in 1971 via Pakistan. Chinese leadership give great respect to Kissinger for his pioneering role in China's openin
Published 04 Dec, 2016 12:00am
Qatari prince Hamad bin Jassim arrives in Lahore

Qatari prince Hamad bin Jassim arrives in Lahore

Prince Hamad bin Jassim bin Jaber Al-Thani among members of Qatar's royal family has arrived Pakistan for four-day visit on Saturday while Panama Leaks case is being heard by the Supreme Court. Reportedly, Hussain Nawaz welcomed a delegation of 15 guests
Published 04 Dec, 2016 12:00am
Qatari prince Hamad bin Jassim arrives in Lahore

Qatari prince Hamad bin Jassim arrives in Lahore

Prince Hamad bin Jassim bin Jaber Al-Thani among members of Qatar's royal family has arrived Pakistan for four-day visit on Saturday while Panama Leaks case is being heard by the Supreme Court. Reportedly, Hussain Nawaz welcomed a delegation of 15 guests
Published 04 Dec, 2016 12:00am
CPEC and maritime security

CPEC and maritime security

If the China Pakistan Economic Corridor (CPEC) helps facilitate the China's 'One Belt, One Road' initiative it is a game changer for Pakistan. It has the inbuilt potential to transform Pakistan into a regional hub of trade, commerce and manufacturing. And
Published 04 Dec, 2016 12:00am
Taliban's offer to protect TAPI

Taliban's offer to protect TAPI

Within 24 hours of inauguration of the railway link connecting Afghanistan to Europe through Turkmenistan the Afghan Taliban spokesman was on line to offer protection of all infrastructural projects in his country. "The Islamic Emirate directs all its Muj
Published 04 Dec, 2016 12:00am
Empowering women

Empowering women

This year's Mahbubul Haq Human Development Centre's report entitled "Empowering women in South Asia" shows that although some progress has been made in social, political, and legal status of the female population since 2000, the region has the lowest valu
Published 04 Dec, 2016 12:00am
13 years of education: New paradigm

13 years of education: New paradigm

Age of Sci-Tech-Human Power Complex has made 16 years bachelor and 18 years masters programs archaic and counterproductive. In countries where education starts at the age of 5 or 6; 16 years' education means student will be a graduate or a post-graduate d
Published 04 Dec, 2016 12:00am
From US to Europe to Syria, stars align for Putin

From US to Europe to Syria, stars align for Putin

Held at diplomatic arm's-length for years, Russian President Vladimir Putin is pivoting back to centre stage as his admirers and international allies rise to power, a move that analysts say the Kremlin will be quick to exploit. Most notable among newly-el
Published 04 Dec, 2016 12:00am
Opec deal could lead to US shale surge

Opec deal could lead to US shale surge

With this week's deal to cut output, Opec is creating incentives for American shale producers to boost output just as the incoming Trump administration vows measures to promote US oil development. The deal, announced Wednesday by the Organisation of the P
Published 04 Dec, 2016 12:00am
CoAS visits troops on LoC

CoAS visits troops on LoC

That General Qamar Javed Bajwa talked tough at the Line of Control (LoC) during his first visit to the so-called 'de facto' border is a fact that has found its best expression from his remarks that he made on the forward locations of the LoC.
Published 04 Dec, 2016 12:00am
Pakistani held in US for attempt to import heroin

Pakistani held in US for attempt to import heroin

A 68-year-old Pakistani citizen has been arrested for attempting to import heroin into the United States with an aim to establish an international narcotics smuggling empire. Shahbaz Khan was taken into custody by Liberian authorities on December 1 and br
Published 04 Dec, 2016 12:00am
Man dies in cylinder blast

Man dies in cylinder blast

A person was killed and another sustained injuries in a cylinder blast in Warasta Chowk here on Saturday. According to police sources, a man was filling gas in balloon inside his shop when all of sudden gas cylinder exploded with big bang, killing him on
Published 04 Dec, 2016 12:00am
Significant increase in tea price likely in a few weeks: traders

Significant increase in tea price likely in a few weeks: traders

Tea maker Lipton Yellow Pakistan is all set to increase tea price by Rs 50-60 per kilogram within next few weeks, traders in the wholesales market said on Saturday. Traders at Gang Mandi Rawalpindi during a survey told Business Recorder that the Li
Published 04 Dec, 2016 12:00am
Marriyum opens production, entertainment trade moot

Marriyum opens production, entertainment trade moot

Minister of State for Information and Broadcasting Marriyum Aurangzeb says government will provide all possible assistance to revive film industry in the country. She was addressing the inaugural ceremony of a two-day National Production and Entertainment
Published 04 Dec, 2016 12:00am
KP Jamaat announces youth wing's intra-party elections

KP Jamaat announces youth wing's intra-party elections

Jamaat-e-Islami Khyber Pakhtunkhwa ameer Mushtaq Ahmad Khan on Saturday announced the schedule of Jamaat-e-Islami Youth Wing Intra party elections in Khyber Pakhtunkhwa. Addressing a news conference here at Al-Markaz Islami, party provincial headquarter,
Published 04 Dec, 2016 12:00am
Crime rate registers upward trend in Capital

Crime rate registers upward trend in Capital

Crime rate registered an upward trend in the federal capital during the past week, as various police stations of the city registered eight cases of auto theft, seven cases of robbery, two cases of kidnapping and one case of murder. According to the crime
Published 04 Dec, 2016 12:00am
Four killed as pick-up falls into river

Four killed as pick-up falls into river

At least four people including two women were killed while 10 others sustained injuries when a pick-up fall into river Panjkora near Narhand Khor area on main Dir-Timergara road on Saturday.
Published 04 Dec, 2016 12:00am
PML-N minister's strong attack on Imran Khan

PML-N minister's strong attack on Imran Khan

Outspoken junior water and power ministry Abid Sher Ali on Saturday branded PTI Chairman Imran Khan and his close companions a gang of robbers. "Imran Khan is a munshi (secretary) of Jahangir Khan Tarin," Abid Sher Ali told media in Faisalabad, a couple o
Published 04 Dec, 2016 12:00am
KP, Centre reach agreement on construction of CLC: Khattak

KP, Centre reach agreement on construction of CLC: Khattak

KP Chief Minister Pervez Khattak has said that the provincial government and federal government had reached near agreement on the construction of longstanding Cheshma Left Canal (CLC) and work on the project will start soon. He was addressing a public mee
Published 04 Dec, 2016 12:00am
Setting up of countrywide exporters' Body on the cards: SCCI chief

Setting up of countrywide exporters' Body on the cards: SCCI chief

President Sialkot Chamber of Commerce and Industry (SCCI) Majid Raza Bhutta on Saturday said that exporter community was actively considering establishing 'All Pakistan Exporters Body' in near future to cope with the multifarious confronting with by the e
Published 04 Dec, 2016 12:00am
CM asks US CG for cadet college student visa

CM asks US CG for cadet college student visa

Sindh Chief Minister Syed Murad Ali Shah has urged American Consul General Grace Shelton to issue visa to the ailing student of cadet college Larkana in a shortest time so that he could be sent for medical treatment to USA. The chief minister in a meeting
Published 04 Dec, 2016 12:00am
Farmers asked to sow winter vegetables on time

Farmers asked to sow winter vegetables on time

The Met Office has asked the farmers to sow winter vegetables on time for a better yield. It said farmers might sow recommended varieties of seeds in consultation with the agricultural officials before their sowing. Keeping in view the continuing dry weat
Published 04 Dec, 2016 12:00am
US congratulates Sindh government on signing pacts for SBEP

US congratulates Sindh government on signing pacts for SBEP

US Consul General Grace Shelton and Sindh Chief Minister Syed Murad Ali Shah on Saturday witnessed the signing between Sindh School Education Department and Beaconhouse, Sukkur-IBA, and Indus Resource Centre and Charter for Compassion on the management an
Published 04 Dec, 2016 12:00am
PIA upgrades its website version

PIA upgrades its website version

Pakistan International Airlines (PIA) has launched upgraded version of its website for giving a better online experience to its users in online reservations including multiple sectors. According to details, the new website will initially be uploaded on tr
Published 04 Dec, 2016 12:00am
Sindh Culture Day to be celebrated

Sindh Culture Day to be celebrated

Sindh Culture Day would be celebrated in Lahore with it all enthusiasm under the leadership of Pakistan People's Party Chairman Bilawal Bhutto Zardari, this is stated by Advisor to Chief Minister of Sindh on Information, Moula Bux Chandio in a statement i
Published 04 Dec, 2016 12:00am
DHA College for Women As many as 258 degrees awarded to students

DHA College for Women As many as 258 degrees awarded to students

As many as 258 degrees were awarded to students in their respective disciplines at the 14th Convocation of Defence Authority Degree College for Women, which was held at the College Auditorium here on Saturday. Some 120 graduates of the session 2014 and 20
Published 04 Dec, 2016 12:00am
Bilawal should speak on PPP performance: Marriyum

Bilawal should speak on PPP performance: Marriyum

State Minister for Information Marriyum Aurangzeb has said that Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari should speak on the performance of his party instead of criticizing Interior Minister Chaudhry Nisar Ali Khan. She was speaking t
Published 04 Dec, 2016 12:00am
World Disability Day observed

World Disability Day observed

Like other parts of the globe, the 'World Disability Day 2016' was observed on Saturday in the provincial metropolis with a pledge to raise awareness among the people about their rights, importance of educating this segment of the society and efforts bein
Published 04 Dec, 2016 12:00am
Fake medicine factories: CM Punjab offers Rs one million for information

Fake medicine factories: CM Punjab offers Rs one million for information

Chief Minister of Punjab Shahbaz Sharif on Saturday has announced prize money of Rs 1 million over informing about fake medicine factories. He was addressing a ceremony regarding distribution of cheques and certificates among those officers who carried ou
Published 04 Dec, 2016 12:00am
253 arrested in Peshawar search operation

253 arrested in Peshawar search operation

Police and security forces have claimed that they have arrested about 253 people during search operations in different parts of Peshawar. According to reports, the operations were carried out in Tajabad, Omeedabad, Nasir Bagh and Karkhano Market areas of
Published 04 Dec, 2016 12:00am
Assessment to replicate Turkish model of family medicine completed

Assessment to replicate Turkish model of family medicine completed

The nine-member Turkish health experts' delegation has completed the assessment to replicate Turkish model of family medicine and early disease warning system in Kasur district as a pilot project. The family medicine information system and a pathological
Published 04 Dec, 2016 12:00am
FCCI welcomes first Chinese rail, sea freight service

FCCI welcomes first Chinese rail, sea freight service

Muhammad Saeed Sheikh President FCCI (Faisalabad Chamber of Commerce and Industry) has welcomed first direct Chinese rail and sea freight service between Kunming and Karachi and said that it will further strengthen Pakistan-china bilateral relations in ad
Published 04 Dec, 2016 12:00am
UAF secures 203rd position in world ranking: VC

UAF secures 203rd position in world ranking: VC

The University of Agriculture has emerged as best university in area of research in Pakistan as per the Times Higher Education Brics and Emerging Economies Ranking 2017. It was revealed by UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan while addressing
Published 04 Dec, 2016 12:00am
Illegal herbal pharma factory raided & sealed

Illegal herbal pharma factory raided & sealed

Provincial Minister for Primary & Secondary Health & Chairman Chief Minister's Task Force on Spurious Drugs Kh Imran Nazir along with a squad of drug inspectors raided an illegal herbal pharmaceutical factory in Kattarband area near Thokar Niaz Baig on Sa
Published 04 Dec, 2016 12:00am
PTI labour wing chief joins PML-Q

PTI labour wing chief joins PML-Q

Pakistan Tehrik-e-Insaaf (PTI) Labour Wing Punjab President Rana Salim Niaz and a delegation of social media group Lahore called on Pakistan Muslim League (PML)-Q central leader Chaudhry Parvez Elahi at his residence on Saturday and announced to join the
Published 04 Dec, 2016 12:00am
Over 9.7 million cotton bales reach ginneries
Cotton

Over 9.7 million cotton bales reach ginneries

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to December 1st, 2016. Seed cotton (Phutti) equivalent to over 9,778,451 bales of cotton have reached ginneries across Pakistan as of November 15, showing an increase o
Published 04 Dec, 2016 12:00am
6.5 million women in Punjab not registered as voters: FAFEN

6.5 million women in Punjab not registered as voters: FAFEN

Political parties, civil society organisations and media have agreed to form a provincial committee for coordinated efforts to enhance the registration of women voters in Punjab ahead of general election 2018. The consensus was developed at a consultation
Published 04 Dec, 2016 12:00am
Traders condole Nasir Saeed's death

Traders condole Nasir Saeed's death

The business community on Saturday condoled over the death of LCCI former vice president Nasir Saeed who was also president of Pakistan Muslim League (N) Traders Wing Lahore. FPCCI Regional Chairman Mian Rehman Aziz expressed his grief and sorrow over the
Published 04 Dec, 2016 12:00am
National projects in full swing under CPEC objectives

National projects in full swing under CPEC objectives

The Frontier Works organization (FWO) is committed to make the country prosperous and utilizes its best resources under China-Pakistan Economic Corridor (CPEC) objectives, which is now turned into reality and world of opportunities in the region. Director
Published 04 Dec, 2016 12:00am
Government jobs quota for disabled persons increased: Murad

Government jobs quota for disabled persons increased: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that the quota for disabled persons whom he termed as "differently abled" person in government jobs has been increased from two percent to five percent and it would be implemented in true letter and spirit
Published 04 Dec, 2016 12:00am
Deteriorating law & order: IGP Sindh urged to take notice

Deteriorating law & order: IGP Sindh urged to take notice

President SITE Association, Asad Nisar Barkhurdaria has urged the IGP Sindh to take notice of deteriorating law and order in SITE area and initiate immediate remedial measures to give a sense of protection to the people of SITE area. While taking serious
Published 04 Dec, 2016 12:00am
Jamaat for Panama probe within specific timeframe

Jamaat for Panama probe within specific timeframe

Filing Civil Miscellaneous Application (CMA) in the Supreme Court on Saturday, Jamaat-e-Islami (JI), one of the petitioners in Panama Leaks case, urged the court to form a commission to probe into the matter within specific time frame. JI Ameer Sirajul Ha
Published 04 Dec, 2016 12:00am
PIA to have four flights in a week to Beijing

PIA to have four flights in a week to Beijing

Pakistan International Airlines (PIA) has increased its frequency to four flights in a week to Beijing, China. According to details, the national flag carrier has now operated four flights in a week to Beijing, China. PIA spokesman said that PIA used to o
Published 04 Dec, 2016 12:00am
PTI demands spending details on Shahbaz Sharif's secretariat

PTI demands spending details on Shahbaz Sharif's secretariat

Pakistan Tehreek-e-Insaf (PTI) on Saturday demanded the provincial government of Punjab to make expenditure details of the Chief Minister Secretariat public. In a letter to Principal Secretary to Punjab Chief Minister Shahbaz Sharif, a senior PTI leader A
Published 04 Dec, 2016 12:00am
Murad extends support to 100-day cleanliness drive

Murad extends support to 100-day cleanliness drive

Chief Minister Sindh Murad Ali Shah on Saturday extended his full support to 100-day cleaning drive kicked off here by Mayor Karachi Waseem Akhtar. "Mayor Karachi and all the district municipal corporations (DMCs) have my full support for the cleaning dri
Published 04 Dec, 2016 12:00am
NIHCR international conference on history opens today

NIHCR international conference on history opens today

An international conference on Asian History, Culture and Environment: Vernacular and Oriental Paradigms will be inaugurated on Sunday at a local hotel. Siddiqul Farooq, Chairman, Evacuee Trust Property Board and Senator Syed Mushahid Hussain would be the
Published 04 Dec, 2016 12:00am
E&P companies deposit $2.5 million under social welfare fund

E&P companies deposit $2.5 million under social welfare fund

Oil and Gas companies operating in different parts of the country have deposited around $2.544 million under the social welfare fund during the last three years. "Exploration and Production (E&P) companies are required to deposit social welfare fund in th
Published 04 Dec, 2016 12:00am
QWP chief welcomes Supreme Court decision on holding of census

QWP chief welcomes Supreme Court decision on holding of census

Qaumi Watan Party (QWP) Chairman Aftab Ahmed Khan Sherpao has welcomed the decision of the Supreme Court to hold census in the country, adding the decision would have far reaching impacts on the nation allowing equitable distribution of resources and repr
Published 04 Dec, 2016 12:00am
World sugar market balance shifts, adds pressure to prices
Currency

World sugar market balance shifts, adds pressure to prices

Sugar's two-year global supply short-fall, a key factor behind blistering price rises, is expected to end in 2017/18, with rain returning to major Asian producers while European Union reforms will boost production in the trading bloc. "The end of the defi
Published 04 Dec, 2016 12:00am
US says Mexico sugar trade pact may not be working

US says Mexico sugar trade pact may not be working

A US-Mexico sugar trade deal signed just under two years ago may not be working as intended, the US Department of Commerce said in notices on Tuesday after conducting a months-long review. The United States and Mexico hammered out the trade deal in 2014 t
Published 04 Dec, 2016 12:00am
Saudi Arabia's SAGO announces first barley tender

Saudi Arabia's SAGO announces first barley tender

Saudi Arabia, one of the world's largest importers of barley, said on Thursday it was seeking to buy 960,000 tonnes of the grain in an international purchase tender. The Kingdom's main grain importing agency, the Saudi Grains Organization (SAGO), said the
Published 04 Dec, 2016 12:00am
Chinese gas demand to rise; will help to ease glut: IEA

Chinese gas demand to rise; will help to ease glut: IEA

China's gas demand will grow significantly and may help to speed up the end of the current global liquefied natural gas (LNG) glut, the director of the International Energy Agency (IEA) said on Thursday. China imported 1.84 million tonnes of LNG in Octobe
Published 04 Dec, 2016 12:00am
China to add more commodity futures, options products

China to add more commodity futures, options products

China will add products such as crude oil futures and white sugar and soybean meal options to meet market demand for commodity trading, a senior official from China's security regulator said on Saturday according to a statement posted on the China Securit
Published 04 Dec, 2016 12:00am
Cotton inches up after hitting two-week low
Cotton

Cotton inches up after hitting two-week low

Cotton futures edged higher on Friday, after dipping to a two-week low earlier in the session, in thin-volume trading amid a softer dollar. The natural fiber market also marked its second successive weekly decline having slipped about 0.3 percent for the
Published 04 Dec, 2016 12:00am
China soya imports drop nearly six percent on year

China soya imports drop nearly six percent on year

China, the world's top soyabean buyer, imported 5.21 million tonnes of the oilseed in October, down 5.79 percent year-on-year, customs data showed on Monday. The volume was slightly below market forecasts of about 5.4 million tonnes after a relatively hig
Published 04 Dec, 2016 12:00am
Bubbling lead market signals the return of irrational exuberance

Bubbling lead market signals the return of irrational exuberance

What on earth is going on in the lead market? This most unglamorous of industrial metals has just burst into bullish flames. On the London market the price of lead for three-month delivery jumped by $150 per tonne, or seven percent, between the Thursday a
Published 04 Dec, 2016 12:00am
Argentina soya weather favourable with 46 percent of crop sown

Argentina soya weather favourable with 46 percent of crop sown

Argentine growers have planted 46 percent of the 19.6 million hectares (48.4 million acres) expected to be sown with soyabeans in the 2016-17 season with the country's central farm belt enjoying good growing conditions, the Buenos Aires Grains Exchange sa
Published 04 Dec, 2016 12:00am
How a rebel Myanmar tin mine may up-end a global supply chain

How a rebel Myanmar tin mine may up-end a global supply chain

From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxu
Published 04 Dec, 2016 12:00am
French sugar output to jump 20 percent ahead of EU quota end

French sugar output to jump 20 percent ahead of EU quota end

French sugar output is expected to rise by 20 percent or around 1 million tonnes next year as the sector anticipates the scrapping of European Union sugar quotas after the harvest next year, growers group CGB said on Thursday. The EU's abolishment on Sept
Published 04 Dec, 2016 12:00am
Syrian army retakes over half of rebel east Aleppo

Syrian army retakes over half of rebel east Aleppo

Syria's army advanced deeper into east Aleppo where by Saturday it controlled more than half of the former rebel stronghold after a fierce assault that has sparked an international outcry. Tens of thousands of civilians have fled eastern neighbourhoods of
Published 04 Dec, 2016 12:00am
Brazil mourns fallen football team in pouring rain

Brazil mourns fallen football team in pouring rain

In a driving rain, the small Brazilian city of Chapeco held a massive funeral Saturday for its football team, tragically wiped out in a plane crash in Colombia. The bodies of 50 players, coaches and staff from the Chapecoense Real club were taken on a fun
Published 04 Dec, 2016 12:00am
Egyptian court rules part of protest law unconstitutional

Egyptian court rules part of protest law unconstitutional

Egypt's top court has struck down part of a law that allowed the interior ministry to ban all but officially sanctioned protests, a court official said Saturday. The 2013 law, which has been used to jail activists for up to two years, required demonstrato
Published 04 Dec, 2016 12:00am
Fund set up to protect endangered heritage sites

Fund set up to protect endangered heritage sites

Representatives of around 40 countries on Saturday approved plans to establish a fund to protect heritage sites in war zones and a network of safe havens for endangered artworks. A closing statement issued after two days of talks in Abu Dhabi did not spec
Published 04 Dec, 2016 12:00am
China coal mine blasts kill 38

China coal mine blasts kill 38

At least 38 people were killed in two separate Chinese coal mine blasts this week, according to death tolls reported by state media Saturday. One blast occurred late Tuesday at a private mine in Qitaihe City, Heilongjiang province, trapping 22 workers, Xi
Published 04 Dec, 2016 12:00am
At least nine dead in California warehouse fire

At least nine dead in California warehouse fire

At least nine people were dead and about 25 others were unaccounted for after a massive fire broke out during a late-night party in a warehouse in Oakland, California, the city's fire chief said on Saturday. Fire officials were still trying to determine h
Published 04 Dec, 2016 12:00am
Azerbaijan kills 'suicide bomber'

Azerbaijan kills 'suicide bomber'

Azerbaijan's security services on Saturday killed a suspected al Qaeda-affiliated Islamist who planned to carry out a suicide bombing in the capital Baku's biggest shopping mall, authorities said. The man "was killed outside Baku's Bima shopping mall when
Published 04 Dec, 2016 12:00am
US ready to offer Kabul more support under Trump

US ready to offer Kabul more support under Trump

US President-elect Donald Trump has assured Afghanistan's leader in a phone call that his administration stands ready to up support to the country if necessary, a Kabul statement said Saturday. "If Afghanistan needs more security assistance, his administr
Published 04 Dec, 2016 12:00am
China expresses concern as Yemen's Houthis form government

China expresses concern as Yemen's Houthis form government

China's Foreign Ministry has expressed concern after Yemen's armed Houthi movement and its political allies formed a new government, in what appeared a blow to UN-backed efforts to end 20 months of war in the country. Diplomats had hoped the Houthis, who
Published 04 Dec, 2016 12:00am
May's Brexit plans face British Supreme Court test

May's Brexit plans face British Supreme Court test

Prime Minister Theresa May's government launches a challenge on Monday against a court ruling that it requires parliamentary approval to start the process of leaving the European Union, a decision that could upset Britain's Brexit plans. If the Supreme Co
Published 04 Dec, 2016 12:00am
Malaysia hits out at Myanmar over 'ethnic cleansing'

Malaysia hits out at Myanmar over 'ethnic cleansing'

Malaysia accused Myanmar of engaging in the "ethnic cleansing" of its Rohingya minority Saturday, as former UN chief Kofi Annan visited a burned out village in strife-torn Rakhine state. Tens of thousands of Muslim Rohingya have fled their homes since a b
Published 04 Dec, 2016 12:00am
Mass protest demands ouster, arrest of South Korea president

Mass protest demands ouster, arrest of South Korea president

Hundreds of thousands of protestors marched in Seoul for the sixth-straight week Saturday to demand the ouster and arrest of scandal-hit President Park Geun-Hye ahead of an impeachment vote in parliament. Organisers of the candlelight rally in the South K
Published 04 Dec, 2016 12:00am
Fatah picks party officials amid talk of Abbas succession

Fatah picks party officials amid talk of Abbas succession

Palestinian president Mahmud Abbas's Fatah party on Saturday held a vote for members of its ruling bodies that could give clues to a possible successor to the ageing leader. Fatah, the oldest Palestinian party, is holding its first congress in seven years
Published 04 Dec, 2016 12:00am
Media silence across Italy on eve of crunch referendum

Media silence across Italy on eve of crunch referendum

With campaigning over, media silence was imposed across Italy on Saturday on the eve of a constitutional referendum seen as crucial to the future of Prime Minister Matteo Renzi. In the frantic final round of campaigning which ended on Friday, Renzi's dome
Published 04 Dec, 2016 12:00am
Indonesia police plane missing, feared crashed

Indonesia police plane missing, feared crashed

An Indonesian police plane carrying 13 people went missing Saturday on a short domestic flight and is feared crashed, police said, the latest blow to the country's aviation sector. The M28 Skytruck plane lost contact with air traffic control during what w
Published 04 Dec, 2016 12:00am
Russia and Japan 'striving to resolve' island dispute: Lavrov

Russia and Japan 'striving to resolve' island dispute: Lavrov

Russian Foreign Minister Sergei Lavrov said Saturday ahead of a visit to Japan by President Vladimir Putin that the countries' leaders are pushing to end a territorial row dating back to World War II. Relations between Moscow and Tokyo have been strained
Published 04 Dec, 2016 12:00am
Castro's ashes return to cradle of revolution

Castro's ashes return to cradle of revolution

The convoy carrying the ashes of Cuba's late communist leader Fidel Castro ends an island-wide journey on Saturday in the cradle of his revolution for a big ceremony before his burial. After the flag-draped cedar urn spent the night in a military barracks
Published 04 Dec, 2016 12:00am
Trump says Philippines fighting drugs 'the right way': Duterte

Trump says Philippines fighting drugs 'the right way': Duterte

US President-elect Donald Trump told Philippine leader Rodrigo Duterte that Manila was conducting its deadly drug war "the right way", Duterte said Saturday, in stark contrast to the criticism he received from President Barack Obama.
Published 04 Dec, 2016 12:00am
Somali forces kill 7 insurgents

Somali forces kill 7 insurgents

Soldiers allied to the Western-backed Somali government said they killed seven insurgents from a faction loyal to the Islamic State group in a clash in northern Somalia on Saturday. The soldiers from the semi-autonomous region of Puntland are part of a fo
Published 04 Dec, 2016 12:00am
Gabon delays parliamentary poll citing lack of funds

Gabon delays parliamentary poll citing lack of funds

Gabon's parliamentary elections, which had been due to take place this month, have been postponed for up to seven months, the interior ministry said, citing a lack of funds. The decision to delay the vote, which must now take place no later than July 29,
Published 04 Dec, 2016 12:00am
IAAF overwhelmingly passes sweeping reforms

IAAF overwhelmingly passes sweeping reforms

A sweeping reform package that changes how the scandal-hit governing body of world athletics operates was overwhelmingly passed at a special Congress on Saturday. "This is a very important moment in the history of our sport," IAAF president Sebastian Coe
Published 04 Dec, 2016 12:00am
Japan's Asics unveiled as new IAAF sponsor

Japan's Asics unveiled as new IAAF sponsor

Japanese footwear and sports equipment manufacturer Asics was on Saturday named as an official partner of the IAAF, just a day after Adidas cut short its deal with track and field's governing body. Asics signed a three-year partnership that will cover all
Published 04 Dec, 2016 12:00am
GulRex Club win Choice T20 Cricket trophy

GulRex Club win Choice T20 Cricket trophy

GulRex Club has won the trophy after defeating Choice Club in the final of the Choice International Twenty20 Cricket Tournament played here at Arbab Niaz Cricket Stadium on Saturday. Mina Khan Afridi, Nazim Town-1 and President Peshawar District Sports an
Published 04 Dec, 2016 12:00am
Maxwell hit with team fine over Wade row

Maxwell hit with team fine over Wade row

ustralian all-rounder Glenn Maxwell has been hit with a team fine for criticising Matt Wade over his decisions as captain of the Victoria state side, skipper Steve Smith said on Saturday. Maxwell was recalled to the squad for Sunday's one-day internationa
Published 04 Dec, 2016 12:00am
Chelsea rock title rivals City, Sunderland off the bottom

Chelsea rock title rivals City, Sunderland off the bottom

Chelsea cemented their position on top of the Premier League with a 3-1 victory at title rivals Manchester City, who had Sergio Aguero and Fernandinho dismissed in a fiery finale, while Sunderland climbed off the bottom with a 2-1 win against Leicester on
Published 04 Dec, 2016 12:00am
WADA to launch Kenya anti-doping audit

WADA to launch Kenya anti-doping audit

Three officials of the World's Anti-Doping Agency (WADA) are expected in Kenya on Monday to begin audit of the country's anti-doping programme. The Anti-Doping Agency of Kenya (ADAK) was formed in January 2015, but its laws only came into force in June th
Published 04 Dec, 2016 12:00am
Agency denies tax evasion by Ronaldo and Mourinho

Agency denies tax evasion by Ronaldo and Mourinho

The soccer agency Gestifute has denied that clients including Portuguese star Cristiano Ronaldo and Manchester United manager Jose Mourinho are involved in any tax evasion after a media consortium reported that they had used tax havens to handle tens of m
Published 04 Dec, 2016 12:00am
Ramos rescues Real in El Clasico stalemate

Ramos rescues Real in El Clasico stalemate

Sergio Ramos's stoppage-time equaliser maintained Real Madrid's six-point lead at the top of La Liga as the European champions salvaged a 1-1 draw at Barcelona in Saturday's El Clasico. Luis Suarez looked to have breathed new life into the title race when
Published 04 Dec, 2016 12:00am
Malaysia player beats Messi, Neymar to FIFA shortlist

Malaysia player beats Messi, Neymar to FIFA shortlist

A Malaysian footballer has beaten the likes of Neymar and Messi to score a place in FIFA's shortlist for top three goals of the year. Midfielder Mohamad Faiz Subri's cracker of a free kick for Penang state in the Malaysian Super League in February was rem
Published 04 Dec, 2016 12:00am
Chelsea apologise 'profusely' to Johnson over abuse

Chelsea apologise 'profusely' to Johnson over abuse

Gary Johnson received a public apology from English football giants Chelsea on Saturday over the sexual abuse he suffered as a young player from late scout Eddie Heath in the 1970s. The club - who had been heavily criticised after Johnson claimed he was p
Published 04 Dec, 2016 12:00am
China forex regulator tightens controls to stem capital outflows
Currency

China forex regulator tightens controls to stem capital outflows

China is stepping up measures to stem capital outflows after its yuan currency skidded to more than eight-year lows, sources said on Tuesday, taking aim at outbound investments that have soared to a record high. The State Administration of Foreign Exchang
Published 04 Dec, 2016 12:00am
US dollar net longs hit 10-month high
Currency

US dollar net longs hit 10-month high

Speculators boosted positive bets on the US dollar for a second straight week, with net longs rising to their highest since mid-January. The value of the dollar's net long position rose to $24.82 billion in the week ended November 29 from $22.25 billion t
Published 04 Dec, 2016 12:00am
Singapore, Japan central banks agree on currency swap line
Currency

Singapore, Japan central banks agree on currency swap line

The Monetary Authority of Singapore (MAS) and the Bank of Japan have established a local currency swap agreement, the MAS said on Wednesday. The agreement allows for the exchange of local currencies between the two central banks of up to 15 billion Singap
Published 04 Dec, 2016 12:00am
Canadian dollar notches a six-week high
Currency

Canadian dollar notches a six-week high

The Canadian dollar notched a six-week high against its US counterpart on Friday as domestic jobs rose for the fourth straight month and oil climbed, sustaining strength since Opec's decision midweek to cut crude output. For the week, the loonie rose 1.8
Published 04 Dec, 2016 12:00am
Venezuela currency tanks 60 percent in month on black market
Currency

Venezuela currency tanks 60 percent in month on black market

Venezuela's bolivar currency has depreciated an unprecedented 60 percent in a month against the US dollar on the black market to trade at nearly 3,500 on Monday, according to the widely-tracked web site DolarToday. That makes the largest-denomination note
Published 04 Dec, 2016 12:00am
Georgian central bank expects lari currency value to steady soon
Currency

Georgian central bank expects lari currency value to steady soon

Georgia's central bank expects the lari currency to stop losing value soon, it said on Thursday, urging people to avoid what it called "harsh decisions" as many sought to buy foreign currencies. The lari's official rate hit an all-time low of 2.5871 to th
Published 04 Dec, 2016 12:00am
Wall Street little changed as bank rally pauses

Wall Street little changed as bank rally pauses

US stocks ended little changed on Friday after a payrolls report did little to recast expectations for an interest rate hike from the Federal Reserve this month and bank stocks cooled to round out their fourth straight week of gains. A US Labour Departmen
Published 04 Dec, 2016 12:00am
Wall Street steps into Skechers after CEO buys shares

Wall Street steps into Skechers after CEO buys shares

Skechers USA's stock was on track for its best day in over two years on Thursday after the shoe seller's chief executive bought $11 million worth of the beleaguered shares and a brokerage recommended it after viewing new products at a trade show.
Published 04 Dec, 2016 12:00am
Nomura sees risk of Mexican bond sell-off by funds

Nomura sees risk of Mexican bond sell-off by funds

Nomura analysts said on Wednesday that a sell-off of Mexican peso-denominated bonds could gain pace and that potential US anti-trade policies could drive yields back near levels seen during the global financial crisis. In a client note, Nomura said that d
Published 04 Dec, 2016 12:00am
Nomura sees risk of Mexican bond sell-off by funds

Nomura sees risk of Mexican bond sell-off by funds

Nomura analysts said on Wednesday that a sell-off of Mexican peso-denominated bonds could gain pace and that potential US anti-trade policies could drive yields back near levels seen during the global financial crisis. In a client note, Nomura said that d
Published 04 Dec, 2016 12:00am
TSX slightly higher with gold miners

TSX slightly higher with gold miners

Canada's main stock index eked out a small gain on Friday as miners rose as the price of gold climbed while energy stocks slipped after an Opec deal earlier in the week propelled oil to its biggest weekly gain in years. The Toronto Stock Exchange's S&P/TS
Published 04 Dec, 2016 12:00am
Japan fund managers increase stocks, reduce bonds in November

Japan fund managers increase stocks, reduce bonds in November

Japanese fund managers increased equity holdings and trimmed exposure to bonds in their model portfolios in November as domestic shares rose to the highest since January after Donald Trump was elected US president, a Reuters survey showed. The survey of f
Published 04 Dec, 2016 12:00am
Japan fund managers increase stocks, reduce bonds in November

Japan fund managers increase stocks, reduce bonds in November

Japanese fund managers increased equity holdings and trimmed exposure to bonds in their model portfolios in November as domestic shares rose to the highest since January after Donald Trump was elected US president, a Reuters survey showed. The survey of f
Published 04 Dec, 2016 12:00am
Treasuries outlook: yields fall from multi-month, multi-year highs

Treasuries outlook: yields fall from multi-month, multi-year highs

US Treasury yields eased from multi-month and multi-year highs on Friday as traders bought US government bonds on the heels of their worst month in nearly eight years in anticipation of an Italian referendum, while the impact of US jobs data was short-liv
Published 04 Dec, 2016 12:00am
Treasuries outlook: yields fall from multi-month, multi-year highs

Treasuries outlook: yields fall from multi-month, multi-year highs

US Treasury yields eased from multi-month and multi-year highs on Friday as traders bought US government bonds on the heels of their worst month in nearly eight years in anticipation of an Italian referendum, while the impact of US jobs data was short-liv
Published 04 Dec, 2016 12:00am
Iraq plans bond sale worth $2 billion

Iraq plans bond sale worth $2 billion

Iraq's finance ministry will sell $2 billion worth of bonds on international markets to help plug a gap in its budget in 2017, Prime Minister Haider al-Abadi's office said on Tuesday. The Iraqi government, which relies almost exclusively on oil income, ha
Published 04 Dec, 2016 12:00am
Iraq plans bond sale worth $2 billion

Iraq plans bond sale worth $2 billion

Iraq's finance ministry will sell $2 billion worth of bonds on international markets to help plug a gap in its budget in 2017, Prime Minister Haider al-Abadi's office said on Tuesday. The Iraqi government, which relies almost exclusively on oil income, ha
Published 04 Dec, 2016 12:00am
Asia stock funds see pockets of value after Trump sell-off

Asia stock funds see pockets of value after Trump sell-off

Donald Trump's shock election victory last month triggered a sell-off in Asian shares on heightened fears of protectionism - but for some investors, the selling marks an opportunity to buy into the region's still compelling consumer story. Asian emerging
Published 04 Dec, 2016 12:00am
Asia stock funds see pockets of value after Trump sell-off

Asia stock funds see pockets of value after Trump sell-off

Donald Trump's shock election victory last month triggered a sell-off in Asian shares on heightened fears of protectionism - but for some investors, the selling marks an opportunity to buy into the region's still compelling consumer story. Asian emerging
Published 04 Dec, 2016 12:00am
Big bank bonanza as Citi, Wells and JPM sell US$12 billion

Big bank bonanza as Citi, Wells and JPM sell US$12 billion

Citigroup, Wells Fargo and J.P. Morgan flooded the high-grade bond market with US $12bn of new debt on Thursday, surprising market participants with the opportunistic deals. The new deals spanned a variety of structures, including senior unsecured in fixe
Published 04 Dec, 2016 12:00am
Big bank bonanza as Citi, Wells and JPM sell US$12 billion

Big bank bonanza as Citi, Wells and JPM sell US$12 billion

Citigroup, Wells Fargo and J.P. Morgan flooded the high-grade bond market with US $12bn of new debt on Thursday, surprising market participants with the opportunistic deals. The new deals spanned a variety of structures, including senior unsecured in fixe
Published 04 Dec, 2016 12:00am
Mideast funds more bullish on equities but cautious on Saudi, Egypt

Mideast funds more bullish on equities but cautious on Saudi, Egypt

Middle East funds have become more bullish towards equities in the region but are cautious towards Saudi Arabia and Egypt after spectacular rebounds in those stock markets, a monthly Reuters poll found. The poll of 14 leading fund managers, conducted over
Published 04 Dec, 2016 12:00am
Norway wealth fund urged to bulk up on shares

Norway wealth fund urged to bulk up on shares

Norway's central bank on Thursday recommended the nation's public pension fund, the world's largest sovereign wealth fund, invest more in shares and less in bonds to boost performance. The central bank, which manages the fund on a day-to-day basis, sugges
Published 04 Dec, 2016 12:00am
Norway wealth fund urged to bulk up on shares

Norway wealth fund urged to bulk up on shares

Norway's central bank on Thursday recommended the nation's public pension fund, the world's largest sovereign wealth fund, invest more in shares and less in bonds to boost performance. The central bank, which manages the fund on a day-to-day basis, sugges
Published 04 Dec, 2016 12:00am
EU optimistic on Greek debt deal

EU optimistic on Greek debt deal

EU Economy Commissioner Pierre Moscovici said Tuesday he is optimistic about concluding an overall deal on Greece's latest bailout programme by the end of the year including discussions on debt relief. Moscovici spoke just days before a key meeting of eur
Published 04 Dec, 2016 12:00am
Tsipras, Hollande want Greek debt relief move this month

Tsipras, Hollande want Greek debt relief move this month

Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed Saturday that debt relief measures for the crisis-hit country must be hammered out this month, Tsipras' office said. The two leaders, meeting on the sidelines of a summit in
Published 04 Dec, 2016 12:00am
S&P holds South Africa's rating at BBB-, downgrades local debt
Currency

S&P holds South Africa's rating at BBB-, downgrades local debt

Standard & Poor's downgraded South Africa's local debt by one notch to BBB on Friday but kept its sovereign credit rating unchanged at BBB-, one level above "junk" status, while saying the economy was still struggling. S&P retained its negative outlook on
Published 04 Dec, 2016 12:00am
S&P holds South Africa's rating at BBB-, downgrades local debt
Currency

S&P holds South Africa's rating at BBB-, downgrades local debt

Standard & Poor's downgraded South Africa's local debt by one notch to BBB on Friday but kept its sovereign credit rating unchanged at BBB-, one level above "junk" status, while saying the economy was still struggling. S&P retained its negative outlook on
Published 04 Dec, 2016 12:00am
IMF lifts freeze on Guinea-Bissau funding

IMF lifts freeze on Guinea-Bissau funding

The International Monetary Fund (IMF) on Friday resumed payments to Guinea-Bissau which were suspended in June over the government's loan bailouts for two private banks. The decision by the IMF's board could also lead donors, which also suspended budget s
Published 04 Dec, 2016 12:00am
Fed official stands by Wall Street reforms, says must complete work

Fed official stands by Wall Street reforms, says must complete work

The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. In remarks that appeare
Published 04 Dec, 2016 12:00am
Madagascar secures $6.4 billion in financial support

Madagascar secures $6.4 billion in financial support

Foreign partners have pledged $6.4 billion to Madagascar for the next four years, the central bank governor said late on Thursday at a donors conference to help rebuild the Indian Ocean island after years of political turmoil. Madagascar's economy has bee
Published 04 Dec, 2016 12:00am
India fails to break deadlock on new sales tax

India fails to break deadlock on new sales tax

Indian Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax. The long-awaited Good
Published 04 Dec, 2016 12:00am
Indonesia's rich see their wealth rebound this year
Currency

Indonesia's rich see their wealth rebound this year

Indonesia's 50 richest people increased their wealth by about $7 billion this year as growth in Southeast Asia's biggest economy recovered and the stock market raced ahead, according to a Forbes list released on Thursday. The business magazine said the co
Published 04 Dec, 2016 12:00am
Banks to Britain: stagger Brexit over years or we could leave

Banks to Britain: stagger Brexit over years or we could leave

Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming weeks, according to sources familiar with the matter. The British
Published 04 Dec, 2016 12:00am
Modi defends clampdown on cash economy
Currency

Modi defends clampdown on cash economy

ndian Prime Minister Narendra Modi on Saturday defended his crackdown on the cash economy that has left businesses, farmers and families suffering, saying it was necessary to keep inflation in check and ensure basic amenities for all. Modi's decision last
Published 04 Dec, 2016 12:00am
Maurel & Prom recommends buyout

Maurel & Prom recommends buyout

Maurel & Prom, a French oil operator that pumps mostly in Africa, recommended Friday that shareholders accept a planned buyout offer from Indonesia's state oil company Pertamina. "The board of directors of Maurel & Prom ... considered that the offer is in
Published 04 Dec, 2016 12:00am
Zuma reassures investors after dodging credit downgrade
Currency

Zuma reassures investors after dodging credit downgrade

President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings down
Published 04 Dec, 2016 12:00am
Zuma reassures investors after dodging credit downgrade
Currency

Zuma reassures investors after dodging credit downgrade

President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings down
Published 04 Dec, 2016 12:00am
Trump's win gives some hedge funds big boost

Trump's win gives some hedge funds big boost

Donald Trump's US presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said. William Ackman's Pershing Square Capital Management posted gains of roughly 10
Published 04 Dec, 2016 12:00am
Trump's win gives some hedge funds big boost

Trump's win gives some hedge funds big boost

Donald Trump's US presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said. William Ackman's Pershing Square Capital Management posted gains of roughly 10
Published 04 Dec, 2016 12:00am
WTO seeks trade deal on 'green' products

WTO seeks trade deal on 'green' products

The heavyweights of world trade, including the United States, China and Japan, meet in Geneva this weekend to establish a list of environmentally friendly products for which tariffs can be eliminated or reduced. The green products include solar panels, wi
Published 04 Dec, 2016 12:00am
Money transfer firm WorldRemit eyes new markets, growth

Money transfer firm WorldRemit eyes new markets, growth

WorldRemit, an online service for overseas money transfers, is looking to expand into new markets and add services like direct payments for bills and school fees, its president said on Friday. The UK-based financial technology start-up, which has raised $
Published 04 Dec, 2016 12:00am
China aims to boost equity funding

China aims to boost equity funding

hina aims to increase direct funding for companies through financial instruments such as stocks by implementing a national investment standard, a senior official at the People's Bank of China (PBOC) said on Saturday. The majority of China's loans still co
Published 04 Dec, 2016 12:00am
In Sudan, austerity and protest as economy crumbles
Currency

In Sudan, austerity and protest as economy crumbles

Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. "Prices rise daily after the government decisions and what we sell, we c
Published 04 Dec, 2016 12:00am
Russian central bank loses $31 million in cyber attack

Russian central bank loses $31 million in cyber attack

Hackers stole more than 2 billion roubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe. Central bank officia
Published 04 Dec, 2016 12:00am
Deutsche Bank to pay $60 million to settle US gold price-fixing case

Deutsche Bank to pay $60 million to settle US gold price-fixing case

Deutsche Bank AG has agreed to pay $60 million to settle private US antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday wi
Published 04 Dec, 2016 12:00am
EU wheat futures fall to near two-month low
Currency

EU wheat futures fall to near two-month low

Benchmark European wheat futures fell on Thursday to their lowest in almost two months, tracking a slide in Chicago as wheat markets shrugged off another surge in crude oil and focused on swelling global supplies. March milling wheat, the most active posi
Published 04 Dec, 2016 12:00am
Russia faces big grain crop, stocks in 2017

Russia faces big grain crop, stocks in 2017

Russia is expected to have another big grain crop in 2017, adding to a record crop this year and increasing pressure on prices, SovEcon, a leading agriculture consultancy, told a conference on Wednesday. In the first major industry estimate for the 2017 g
Published 04 Dec, 2016 12:00am
Brazil's coffee exporter offsets volume loss with domestic sales

Brazil's coffee exporter offsets volume loss with domestic sales

Coffee exporter Tristao based in Espirito Santo, Brazil's largest robusta state where trees were hurt by drought this year, is offsetting losses in exports with high price sales on the domestic market. Marcio Candido Ferreira, sales director for Tristao,
Published 04 Dec, 2016 12:00am
US natural gas futures jump to two-year high

US natural gas futures jump to two-year high

US natural gas futures on Thursday jumped to a near two-year high on forecasts for colder weather and higher heating demand over the next two weeks, and a big weekly storage draw. The US Energy Information Administration said utilities pulled 50 bcf of ga
Published 04 Dec, 2016 12:00am
US FOB Gulf corn, soya export premiums weaker

US FOB Gulf corn, soya export premiums weaker

Export premiums for soyabeans shipped from the US Gulf Coast were steady to weaker on Thursday amid seasonally slowing demand and rising competition from South American new-crop shipments, traders said. Brazil's soyabean crop was projected at a record 103
Published 04 Dec, 2016 12:00am
Palm oil rises on European vegoils market
Currency

Palm oil rises on European vegoils market

Asking prices for palm oil on the European vegetable oils market rose on Thursday as energy markets soared after Opec agreed on Wednesday to restrict output. Palm oil was offered between $5 and $12.50 a tonne higher after Malaysian palm oil futures closed
Published 04 Dec, 2016 12:00am
Freight rates for large capesize dry cargo to fall

Freight rates for large capesize dry cargo to fall

Freight rates for large capesize dry cargo ships on key Asian routes could drop next week as charterers hold back cargo although higher prices of fuel and iron ore may support current rates, brokers said. Iron ore and coal are staple cargoes for 180,000-d
Published 04 Dec, 2016 12:00am
Asian naphtha crack falls on ample supply

Asian naphtha crack falls on ample supply

Asia's naphtha crack fell 14.2 percent on Thursday, its largest percentage fall since September 30, to reach its lowest in two months at $66.85 a tonne as ample supplies and a spike in oil prices weighed. The weak fundamentals were reflected in a spot dea
Published 04 Dec, 2016 12:00am
Trade activity falls on cotton market
Cotton

Trade activity falls on cotton market

Volume of business came down on the cotton market on Saturday following the better-than-expected Pakistan Cotton Ginners Association (PCGA) fortnightly report, dealers said. The official spot rate was unchanged at Rs 6300, dealers said. In Sindh, seed cot
Published 04 Dec, 2016 12:00am
Thai rice prices edge up as harvest season ends
Cotton

Thai rice prices edge up as harvest season ends

Thai rice prices ticked up this week on low supply at the end of the harvest season, while quotations eased in India and Vietnam due to thin demand, traders said on Wednesday. Thai benchmark 5-percent broken rice prices strengthened to $360 a tonne on Wed
Published 04 Dec, 2016 12:00am
Chinese steel, iron ore jump 5pc after two-day fall
Currency

Chinese steel, iron ore jump 5pc after two-day fall

Chinese steel and iron ore futures climbed around 5 percent on Thursday, as investors returned to the market after a two-day selldown, many of them continuing to hedge their risk against a sliding currency. Prices of steel and its raw materials have trade
Published 04 Dec, 2016 12:00am
CBOT wheat futures fall to contract lows

CBOT wheat futures fall to contract lows

Wheat futures on the Chicago Board of Trade fell on Thursday for a sixth straight session, pressured by heavy deliveries against the December contract and technical selling as most months set life-of-contract lows, traders said. Additional pressure noted
Published 04 Dec, 2016 12:00am
US Midwest corn, soya bids higher

US Midwest corn, soya bids higher

Spot basis bids for corn and soyabeans were steady to higher in the US Midwest on Thursday, while several locations shifted basis months, grain merchants said. River soya bids went up by 4-7 cents per bushels along the Illinois and the Mississippi rivers.
Published 04 Dec, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Basis bids for hard red winter wheat (HRW) in the southern US Midwest were unchanged on Thursday as farmers eyed slumping grain futures and increased demand from domestic millers, dealers said. Light export demand and plentiful global supplies dragged dow
Published 04 Dec, 2016 12:00am
Vietnamese coffee exports likely to jump in December

Vietnamese coffee exports likely to jump in December

Vietnamese coffee exports are expected to jump in December as supplies rise towards the end of harvest, attracting more buyers from Indonesia where stocks have dwindled, traders said on Thursday. The harvest will end in the next few weeks in the Central H
Published 04 Dec, 2016 12:00am
Soyameal down on European feeds market

Soyameal down on European feeds market

Soyameal on the European meals and feeds market fell on Thursday, tracking CBOT soyameal futures, which were down on follow-through technical selling. "The European cash market follows the trend in Chicago soyameal, where CBOT traders kept on buying soyao
Published 04 Dec, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures climbed on Thursday to a nearly seven-month high, lifted by strength in crude oil and soyaoil. Statistics Canada is expected to report on Tuesday record-large Canadian canola production of 18.8 million tones January canola adde
Published 04 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

KARACHI: The rupee recovered more ground versus the dollar on the money market on Saturday in process of trading, dealers said. The rupee 60 paisas in term of the greenback for buying and selling at Rs 106.80 and Rs 107.20, dealers said. While, the local
Published 04 Dec, 2016 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

KARACHI: The rupee recovered more ground versus the dollar on the money market on Saturday in process of trading, dealers said. The rupee 60 paisas in term of the greenback for buying and selling at Rs 106.80 and Rs 107.20, dealers said. While, the local
Published 04 Dec, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 03, 2016)

Published 04 Dec, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (December 03, 2016) and the forecast for Sunday (December 04, 2016).

Published 04 Dec, 2016 12:00am
Aziz, Modi exchange pleasantries at banquet

Aziz, Modi exchange pleasantries at banquet

Advisor to PM on Foreign Affairs Sartaj Aziz on Saturday arrived in Amritsar to participate in the Heart of Asia Conference, where he also attended a banquet hosted in honour of representatives from different states and international observers. The dinner
Published 04 Dec, 2016 12:00am
Aziz, Modi exchange pleasantries at banquet

Aziz, Modi exchange pleasantries at banquet

Advisor to PM on Foreign Affairs Sartaj Aziz on Saturday arrived in Amritsar to participate in the Heart of Asia Conference, where he also attended a banquet hosted in honour of representatives from different states and international observers. The dinner
Published 04 Dec, 2016 12:00am
FBR wing serves notices on illegal currency dealers
Currency

FBR wing serves notices on illegal currency dealers

Expanding the scope of investigation against illegal money changers and currency dealers, the Directorate of Intelligence & Investigation Inland Revenue (IR) has also served notices on different money changers in other cities including Karachi and Lahore,
Published 04 Dec, 2016 12:00am
FBR wing serves notices on illegal currency dealers
Currency

FBR wing serves notices on illegal currency dealers

Expanding the scope of investigation against illegal money changers and currency dealers, the Directorate of Intelligence & Investigation Inland Revenue (IR) has also served notices on different money changers in other cities including Karachi and Lahore,
Published 04 Dec, 2016 12:00am
FBR wing serves notices on illegal currency dealers
Currency

FBR wing serves notices on illegal currency dealers

Expanding the scope of investigation against illegal money changers and currency dealers, the Directorate of Intelligence & Investigation Inland Revenue (IR) has also served notices on different money changers in other cities including Karachi and Lahore,
Published 04 Dec, 2016 12:00am
Foreign investors sell shares worth $33.562 million

Foreign investors sell shares worth $33.562 million

Foreign investors are continuously selling shares and withdrawing their investment from local equity market despite expectations of attractive returns at the Pakistani bourse, the best performing market in Asia. During the outgoing week, foreign investors
Published 04 Dec, 2016 12:00am
Foreign investors sell shares worth $33.562 million

Foreign investors sell shares worth $33.562 million

Foreign investors are continuously selling shares and withdrawing their investment from local equity market despite expectations of attractive returns at the Pakistani bourse, the best performing market in Asia. During the outgoing week, foreign investors
Published 04 Dec, 2016 12:00am
Foreign investors sell shares worth $33.562 million

Foreign investors sell shares worth $33.562 million

Foreign investors are continuously selling shares and withdrawing their investment from local equity market despite expectations of attractive returns at the Pakistani bourse, the best performing market in Asia. During the outgoing week, foreign investors
Published 04 Dec, 2016 12:00am
Poultry export to UAE in 'red zone' for 10 years

Poultry export to UAE in 'red zone' for 10 years

Poultry export to the United Arab Emirates (UAE) has been in 'red zone' for last 10 years due to apathy of the commerce ministry and Pakistan Embassy in Abu Dhabi, well-informed sources told Business Recorder. The UAE had imposed a ban on the impor
Published 04 Dec, 2016 12:00am
Poultry export to UAE in 'red zone' for 10 years

Poultry export to UAE in 'red zone' for 10 years

Poultry export to the United Arab Emirates (UAE) has been in 'red zone' for last 10 years due to apathy of the commerce ministry and Pakistan Embassy in Abu Dhabi, well-informed sources told Business Recorder. The UAE had imposed a ban on the impor
Published 04 Dec, 2016 12:00am
Poultry export to UAE in ''red zone'' for 10 years

Poultry export to UAE in ''red zone'' for 10 years

Poultry export to the United Arab Emirates (UAE) has been in ''red zone'' for last 10 years due to apathy of the commerce ministry and Pakistan Embassy in Abu Dhabi, well-informed sources told Business Recorder. The UAE had imposed a ban on the imp
Published 04 Dec, 2016 12:00am
US moves to block Chinese purchase of Aixtron

US moves to block Chinese purchase of Aixtron

US President Barack Obama on Friday moved to block a Chinese company's purchase of German semiconductor equipment maker Aixtron by rejecting the inclusion of Aixtron's US business in the deal. The US Treasury Department said a review by the Committee on F
Published 04 Dec, 2016 12:00am
US moves to block Chinese purchase of Aixtron

US moves to block Chinese purchase of Aixtron

US President Barack Obama on Friday moved to block a Chinese company's purchase of German semiconductor equipment maker Aixtron by rejecting the inclusion of Aixtron's US business in the deal. The US Treasury Department said a review by the Committee on F
Published 04 Dec, 2016 12:00am
US moves to block Chinese purchase of Aixtron

US moves to block Chinese purchase of Aixtron

US President Barack Obama on Friday moved to block a Chinese company''s purchase of German semiconductor equipment maker Aixtron by rejecting the inclusion of Aixtron''s US business in the deal. The US Treasury Department said a review by the Committee on
Published 04 Dec, 2016 12:00am
China lodges protest after Trump call with Taiwan president
Currency

China lodges protest after Trump call with Taiwan president

China lodged a diplomatic protest on Saturday after US President-elect Donald Trump spoke by phone with President Tsai Ing-wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10-minute telephone call with Ta
Published 04 Dec, 2016 12:00am
China lodges protest after Trump call with Taiwan president
Currency

China lodges protest after Trump call with Taiwan president

China lodged a diplomatic protest on Saturday after US President-elect Donald Trump spoke by phone with President Tsai Ing-wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10-minute telephone call with Ta
Published 04 Dec, 2016 12:00am
India, Afghanistan plan air cargo link over Pakistan

India, Afghanistan plan air cargo link over Pakistan

India and Afghanistan are likely to announce an air cargo service on Saturday to help increase trade that both say is stymied because of their tense political relations with Pakistan that lies between them. Afghan President Ashraf Ghani and Indian Prime M
Published 04 Dec, 2016 12:00am
India, Afghanistan plan air cargo link over Pakistan

India, Afghanistan plan air cargo link over Pakistan

India and Afghanistan are likely to announce an air cargo service on Saturday to help increase trade that both say is stymied because of their tense political relations with Pakistan that lies between them. Afghan President Ashraf Ghani and Indian Prime M
Published 04 Dec, 2016 12:00am
India, Afghanistan plan air cargo link over Pakistan

India, Afghanistan plan air cargo link over Pakistan

India and Afghanistan are likely to announce an air cargo service on Saturday to help increase trade that both say is stymied because of their tense political relations with Pakistan that lies between them. Afghan President Ashraf Ghani and Indian Prime M
Published 04 Dec, 2016 12:00am
Pakistan cannot be blamed for unrest in Valley: Omar Abdullah

Pakistan cannot be blamed for unrest in Valley: Omar Abdullah

Former Occupied Jammu and Kashmir Chief Minister on Saturday said that Pakistan cannot be blamed for the unrest in the Kashmir Valley. New Delhi for being "ignorant" of the situation in Occupied Jammu and Kashmir, according to TimesNow television. "Don't
Published 04 Dec, 2016 12:00am
Pakistan cannot be blamed for unrest in Valley: Omar Abdullah

Pakistan cannot be blamed for unrest in Valley: Omar Abdullah

Former Occupied Jammu and Kashmir Chief Minister on Saturday said that Pakistan cannot be blamed for the unrest in the Kashmir Valley. New Delhi for being "ignorant" of the situation in Occupied Jammu and Kashmir, according to TimesNow television. "Don't
Published 04 Dec, 2016 12:00am
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