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Archive - 2017-02-12
White House considering new immigration order
North America

White House considering new immigration order

WASHINGTON: The White House confirmed Sunday it is considering issuing a new order on immigration now that President Donald Trump's travel ban has been halted as it makes its way through the courts.
Published 12 Feb, 2017 05:40pm
Trump and Abe retreat to Florida for golf course diplomacy
Front Top News

Trump and Abe retreat to Florida for golf course diplomacy

WEST PALM BEACH: After reportedly hitting it off in the Oval Office, President Donald Trump and his Japanese counterpart Shinzo Abe teed off on the golf course Saturday, and discussed US-Asia engagement.
Published 12 Feb, 2017 12:44pm
Erdogan says Turkish troops inside Syria's Al-Bab
World Top News

Erdogan says Turkish troops inside Syria's Al-Bab

ISTANBUL: President Recep Tayyip Erdogan on Sunday said Turkish troops and their Syrian rebel allies have entered the centre of the Islamic State-held bastion Al-Bab, saying its capture was just a "matter of time".
Published 12 Feb, 2017 12:40pm
Leader of Spain's Podemos re-elected in resounding victory
Europe

Leader of Spain's Podemos re-elected in resounding victory

MADRID: Supporters of Spain's Podemos handed their charismatic leader Pablo Iglesias a resounding victory Sunday, re-electing him party chief and embracing his strategy to fight on as an anti-establishment grouping, a party official told AFP.
Published 12 Feb, 2017 12:33pm
Cricket: Bangladesh battle for survival in India Test
Cricket

Cricket: Bangladesh battle for survival in India Test

HYDERABAD: India's bowlers led by spinner Ravichandran Ashwin tightened the noose on Bangladesh as the visitors struggled for survival Sunday, chasing a daunting 459 on the fourth day of the one-off Test in Hyderabad.
Published 12 Feb, 2017 12:28pm
Brazil police strike continues despite agreement
World

Brazil police strike continues despite agreement

RIO DE JANEIRO: Relatives of police in southeastern Brazil blockaded law enforcement stations Saturday as part of a weeklong protest, despite an agreement meant to end an officers' strike that has plunged the region into chaos.
Published 12 Feb, 2017 12:23pm
Grenade explosion kills two children in KP
Pakistan Top News

Grenade explosion kills two children in KP

PESHAWAR: Two children were killed and another critically wounded in a grenade explosion in northwestern Pakistan on Sunday, officials said.
Published 12 Feb, 2017 11:30am
IMF's Lagarde 'optimistic' about US economy
Front Top News

IMF's Lagarde 'optimistic' about US economy

DUBAI: International Monetary Fund chief Christine Lagarde on Sunday voiced optimism for US economic growth under President Donald Trump but warned it could herald trouble for the rest of the world.
Published 12 Feb, 2017 11:04am
Saudi boosted by oil, other bourses steady
Financial

Saudi boosted by oil, other bourses steady

DUBAI: Petrochemical shares boosted Saudi Arabia's bourse in early trade on Sunday after oil prices firmed at the end of last week, while small and mid-sized stocks were the main movers on other Gulf markets.
Published 12 Feb, 2017 10:19am
India declare on 159-4, set Bangladesh 459 to win
Cricket

India declare on 159-4, set Bangladesh 459 to win

HYDERABAD: Cheteshwar Pujara Sunday hit a brisk half-century as India declared their second innings on 159-4 at tea on day four, setting Bangladesh a target of 459 to win the one-off Test in Hyderabad.
Published 12 Feb, 2017 10:18am
Indian Army kills four separatists in IoK
Front Top News

Indian Army kills four separatists in IoK

SRINAGAR: Four suspected separatists and two Indian army soldiers were killed in a gun battle in a village in Indian occupied Kashmir on Sunday, an army spokesman said.
Published 12 Feb, 2017 08:51am
Bacsinszky beats wasp sting as Fed Cup hots up
Sports

Bacsinszky beats wasp sting as Fed Cup hots up

PARIS: Switzerland's Timea Bacsinszky overcame being stung by a wasp to beat French rival Alize Cornet in the Fed Cup as three of the four World Group ties ended all-square on Saturday.
Published 12 Feb, 2017 07:40am
Japan fund managers slightly raise bond exposure, trim stocks in January

Japan fund managers slightly raise bond exposure, trim stocks in January

Japanese fund managers slightly increased bond holdings in their model portfolios in January while shaving their exposure to equities as global markets braced for potential turbulence under new US President Donald Trump. The survey of five Japan-based fun
Published 12 Feb, 2017 12:00am
Reserve Bank lowers Australia short-term growth forecast

Reserve Bank lowers Australia short-term growth forecast

Australia's central bank lowered near-term growth forecasts Friday after a rare contraction in the September quarter, but stayed positive about the economic outlook as the International Monetary Fund warned of risks ahead. The Reserve Bank of Australia sl
Published 12 Feb, 2017 12:00am
EU financial services chief warns US against unpicking bank rules

EU financial services chief warns US against unpicking bank rules

Some US financial institutions could be locked out of the European market if Donald Trump's administration repeals global rules imposed in the wake of the financial crisis, a top EU official said on Friday. Valdis Dombrovskis, vice president of the Europe
Published 12 Feb, 2017 12:00am
Japan fund managers slightly raise bond exposure, trim stocks in January

Japan fund managers slightly raise bond exposure, trim stocks in January

Japanese fund managers slightly increased bond holdings in their model portfolios in January while shaving their exposure to equities as global markets braced for potential turbulence under new US President Donald Trump. The survey of five Japan-based fun
Published 12 Feb, 2017 12:00am
Taiwan Uber drivers protest fine hike as app halts service

Taiwan Uber drivers protest fine hike as app halts service

Protesting Uber drivers circled Taiwan's transport ministry Friday as the ride-hailing app halted operations on the island following an impasse with the government which deems the service illegal. The US firm announced last week that it would suspend busi
Published 12 Feb, 2017 12:00am
TSX posts record high as oil prices climb

TSX posts record high as oil prices climb

Canada's main stock index powered to a record high on Friday propelled by higher oil prices and expectations of corporate-friendly tax cuts in the United States, while an unexpected surge in domestic job growth also suggested a brighter economic outlook.
Published 12 Feb, 2017 12:00am
Egypt's urban inflation jumps to 28.1 percent in January
Currency

Egypt's urban inflation jumps to 28.1 percent in January

Egypt's annualised urban consumer price inflation jumped to 28.1 percent in January from 23.3 percent in December, the official CAPMAS statistics agency said on Saturday, its highest level since central bank records began in 2005. Prices have soared since
Published 12 Feb, 2017 12:00am
West African bourse 2016 turnover up

West African bourse 2016 turnover up

Turnover on West Africa's BRVM bourse rose 21 percent to 409 billion CFA francs ($663.96 million) in 2016 on the back of solid economic growth in the region, the stock market's general manager said on Thursday. West African economies were the powerhouse o
Published 12 Feb, 2017 12:00am
Kenya raises tax revenue forecast; economists surprised

Kenya raises tax revenue forecast; economists surprised

Kenya has raised its tax revenue forecast for the financial year ending in June 2017 by 8.7 percent as efforts to boost collection start to pay off, officials said. Economists said the forecast for this fiscal year was slightly too optimistic, saying ther
Published 12 Feb, 2017 12:00am
Kenya raises tax revenue forecast; economists surprised

Kenya raises tax revenue forecast; economists surprised

Kenya has raised its tax revenue forecast for the financial year ending in June 2017 by 8.7 percent as efforts to boost collection start to pay off, officials said. Economists said the forecast for this fiscal year was slightly too optimistic, saying ther
Published 12 Feb, 2017 12:00am
Saudi bourse to start T+2 settlement in second quarter

Saudi bourse to start T+2 settlement in second quarter

The Saudi Stock Exchange will introduce settlement of trades within two working days of execution during the second quarter of 2017, the bourse said on Monday as it published draft rules for short-selling and the borrowing and lending of securities. Trade
Published 12 Feb, 2017 12:00am
Euro Disney says visitor numbers up in first quarter

Euro Disney says visitor numbers up in first quarter

Euro Disney, which operates Disneyland Paris, said Friday visitor numbers were up in the first quarter, despite the state of emergency that has been in place in France for over a year. "After a difficult year, the Paris tourism environment remains challen
Published 12 Feb, 2017 12:00am
Bond markets set for a taste of the 60s as inflation picks up

Bond markets set for a taste of the 60s as inflation picks up

Inflation has a habit of creeping up on you. Just ask historians. From rates below zero less than a year ago, inflation across the developed world has risen in recent months towards central bank targets, largely driven by a rising oil price. And if histor
Published 12 Feb, 2017 12:00am
Euro Disney says visitor numbers up in first quarter

Euro Disney says visitor numbers up in first quarter

Euro Disney, which operates Disneyland Paris, said Friday visitor numbers were up in the first quarter, despite the state of emergency that has been in place in France for over a year. "After a difficult year, the Paris tourism environment remains challen
Published 12 Feb, 2017 12:00am
Bond markets set for a taste of the 60s as inflation picks up

Bond markets set for a taste of the 60s as inflation picks up

Inflation has a habit of creeping up on you. Just ask historians. From rates below zero less than a year ago, inflation across the developed world has risen in recent months towards central bank targets, largely driven by a rising oil price. And if histor
Published 12 Feb, 2017 12:00am
Deutsche Boerse, LSE offer clearing house sale to ease merger

Deutsche Boerse, LSE offer clearing house sale to ease merger

Stock exchange operators Deutsche Boerse and London Stock Exchange (LSE) said Tuesday they would offer to sell French clearing house LCH Clearnet as they push for regulatory approval of their planned merger. The two firms, whose operations include the Lon
Published 12 Feb, 2017 12:00am
Service sector drives stronger Canada job growth in January

Service sector drives stronger Canada job growth in January

Canadian job growth unexpectedly surged in January as hiring in the service sector helped the labor market build on its momentum from the latter part of 2016, suggesting the economy was finding its footing. Canada added 48,300 jobs last month, Statistics
Published 12 Feb, 2017 12:00am
Deutsche Boerse warns against hasty changes to US banking rules

Deutsche Boerse warns against hasty changes to US banking rules

German exchange operator Deutsche Boerse warned on Friday the United States should be cautious in any revamp of banking regulations to ensure the lessons of the financial crisis are not forgotten. US President Donald Trump has ordered reviews of major ban
Published 12 Feb, 2017 12:00am
Renault boasts record year despite diesel probe

Renault boasts record year despite diesel probe

French carmaker Renault said Friday it booked a record year in 2016 and that it would not set aside any provisions for potential financial fallout from a diesel emissions probe. Renault, which has now become France's biggest carmaker in terms of sales, sa
Published 12 Feb, 2017 12:00am
Amazon warns that trade protectionism could hurt business

Amazon warns that trade protectionism could hurt business

Amazon.com Inc warned on Friday that government actions to bolster domestic companies over foreign competition could hurt its business, in a potential reference to U.S. President Donald Trump's "America First" agenda. In a routine description of regulator
Published 12 Feb, 2017 12:00am
China sustains red-hot commodities imports at near-record pace

China sustains red-hot commodities imports at near-record pace

China's red-hot commodities buying continued at a near record pace last month, defying the seasonal holiday slowdown, as utilities, steel mills and oil refiners sought foreign coal, iron ore and crude to replenish lower domestic supplies. Iron ore shipmen
Published 12 Feb, 2017 12:00am
Cocoa futures to rebound as low prices boost demand

Cocoa futures to rebound as low prices boost demand

Cocoa prices should regain some ground by the end of 2017 following a prolonged slide fuelled by expectations for a global surplus in the current 2016/17 season, a Reuters poll of nine traders and analysts showed on Tuesday. The survey's median forecast f
Published 12 Feb, 2017 12:00am
Lithuania tourism chief quits after PM mocks 'fake' ads

Lithuania tourism chief quits after PM mocks 'fake' ads

Lithuania's tourism chief was forced to resign Friday after a state-funded ad campaign used photos from other countries to promote the Baltic state, under the slogan "Real is Beautiful". The State Department of Tourism admitted that some of the pictures u
Published 12 Feb, 2017 12:00am
Germany shifts more gold home in 2016

Germany shifts more gold home in 2016

Germany's central bank said Thursday it sped up the process of bringing its gold home from foreign vaults in 2016, moving more than 200 tonnes from New York and Paris. The Bundesbank relocated some 216 tonnes of the precious metal to its headquarters in F
Published 12 Feb, 2017 12:00am
India's Idea Cellular reports first-ever loss as telco price war rages

India's Idea Cellular reports first-ever loss as telco price war rages

Idea Cellular Ltd, India's third-biggest telecommunications operator, reported its first quarterly loss after a new rival forced carriers to cut prices in the highly competitive market. Reliance Jio Infocomm Ltd, controlled by India's richest man, Mukesh
Published 12 Feb, 2017 12:00am
Hedge fund positioning in oil looks stretched

Hedge fund positioning in oil looks stretched

Hedge funds have accumulated a large net long position in crude oil futures and options but the size of the position and its implications for future movements in prices are disputed. Hedge funds and other money managers had accumulated a net long position
Published 12 Feb, 2017 12:00am
Mongolia paves the way for IMF bailout

Mongolia paves the way for IMF bailout

Mongolia's parliament moved towards meeting the conditions of an International Monetary Fund (IMF) bailout of $3-5 billion on Friday, as lawmakers voted to grant greater independence to the Development Bank of Mongolia. The country is scrambling to avoid
Published 12 Feb, 2017 12:00am
ICE cotton edges up on mill buying hopes; ends week lower
Cotton

ICE cotton edges up on mill buying hopes; ends week lower

ICE cotton futures inched higher on Friday to settle up for a third straight session on expectations of short-covering by mills, ahead of the first notice day for the March contract. "The overwhelming amount of mills shorts that are still in the front mon
Published 12 Feb, 2017 12:00am
Turkish wealth fund more akin to national development bank: S&P
Currency

Turkish wealth fund more akin to national development bank: S&P

Turkey's new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to create a funding vehicle by leveraging up assets, S&P analyst Frank Gill said on Friday. Turkey has transferred government stakes worth
Published 12 Feb, 2017 12:00am
EU raises 2016-17 maize stocks forecast, trims barley

EU raises 2016-17 maize stocks forecast, trims barley

The European Commission has raised its forecast for 2016-17 maize stocks slightly and trimmed projected barley stocks, according to a revised version of its monthly EU cereals supply-and-demand outlook released on Thursday. The updated figures posted on t
Published 12 Feb, 2017 12:00am
Turkish wealth fund more akin to national development bank: S&P
Currency

Turkish wealth fund more akin to national development bank: S&P

Turkey's new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to create a funding vehicle by leveraging up assets, S&P analyst Frank Gill said on Friday. Turkey has transferred government stakes worth
Published 12 Feb, 2017 12:00am
Europe feels pinch as Spain's vegetable fields suffer

Europe feels pinch as Spain's vegetable fields suffer

Vegetable lovers across Europe have been making hard choices this winter after storms battered fields in southeast Spain, the continent's main fruit and vegetable patch. Courgette prices are soaring, but shoppers are also thinking twice before shelling ou
Published 12 Feb, 2017 12:00am
Vanguard hits $4 trillion in assets

Vanguard hits $4 trillion in assets

The Vanguard Group topped $4 trillion in assets for the first time at the end of January after a year in which it pulled in more money than all of its rivals combined, the Wall Street Journal reported. The newspaper reported on its website late Friday tha
Published 12 Feb, 2017 12:00am
Brazil coffee growers say stocks adequate, oppose robusta imports

Brazil coffee growers say stocks adequate, oppose robusta imports

Coffee farmers in Brazil on Tuesday told government officials they hold around 4 million bags (60-kg) of robusta beans in stocks and that imports of the beans are not necessary. Farmers and politicians from top robusta-producing state Espirito Santo met B
Published 12 Feb, 2017 12:00am
Vanguard hits $4 trillion in assets

Vanguard hits $4 trillion in assets

The Vanguard Group topped $4 trillion in assets for the first time at the end of January after a year in which it pulled in more money than all of its rivals combined, the Wall Street Journal reported. The newspaper reported on its website late Friday tha
Published 12 Feb, 2017 12:00am
French wheat, barley exports pick up in December

French wheat, barley exports pick up in December

French exports of wheat and barley picked up in December, supported by shipments to North Africa and the Middle East, although total exports so far this season remained well below the year-earlier level, customs data showed on Tuesday. France has been try
Published 12 Feb, 2017 12:00am
Walt Disney seeks full control of Disneyland Paris subsidiary

Walt Disney seeks full control of Disneyland Paris subsidiary

Walt Disney is planning to take full ownership of its Disneyland Paris subsidiary in a bid to turn around its flagging fortunes, the company said Friday. The announcement came as Euro Disney, which operates Disneyland Paris, said visitor numbers were up i
Published 12 Feb, 2017 12:00am
Bangladesh to import 200,000 tonnes of wheat from Russia

Bangladesh to import 200,000 tonnes of wheat from Russia

Bangladesh will import 200,000 tonnes of wheat from Russia in a government-to-government deal, the head of the state grains buyer said on Wednesday, as South Asia's top wheat buyer looks to build its reserves. The first batch of 55,000 tonnes of wheat is
Published 12 Feb, 2017 12:00am
The Ukraine conflict: Five things to know
Currency

The Ukraine conflict: Five things to know

The war between Kiev and Moscow-backed rebels has killed more that 10,000 people, rattled eastern Europe and plunged relations between the West and Russia to post-Cold War lows. Here are five key facts about the 33-month conflict in Ukraine's mainly Russi
Published 12 Feb, 2017 12:00am
Long-term investors shy away as hot money fuels commodity rallies

Long-term investors shy away as hot money fuels commodity rallies

Hot money has helped commodity markets to outpace shares for the first time in five years, but long-term investors burnt in the previous boom are unlikely to add their considerable muscle to sustain that momentum. The Thomson Reuters/Core Commodity CRB In
Published 12 Feb, 2017 12:00am
Reserve Bank lowers Australia short-term growth forecast

Reserve Bank lowers Australia short-term growth forecast

Australia's central bank lowered near-term growth forecasts Friday after a rare contraction in the September quarter, but stayed positive about the economic outlook as the International Monetary Fund warned of risks ahead. The Reserve Bank of Australia sl
Published 12 Feb, 2017 12:00am
Cotton prices firm on hectic trade activity
Cotton

Cotton prices firm on hectic trade activity

Rates maintained firm posture on the cotton market on Saturday during the sizeable business, dealers said. The official spot rate was unmoved at Rs 6700, dealers said. In Sindh, seed cotton prices were at Rs 3200-3500, they said. In Punjab, phutti rates w
Published 12 Feb, 2017 12:00am
Reserve Bank lowers Australia short-term growth forecast

Reserve Bank lowers Australia short-term growth forecast

Australia's central bank lowered near-term growth forecasts Friday after a rare contraction in the September quarter, but stayed positive about the economic outlook as the International Monetary Fund warned of risks ahead. The Reserve Bank of Australia sl
Published 12 Feb, 2017 12:00am
Rice prices rise in India and Vietnam but Thai's remain flat

Rice prices rise in India and Vietnam but Thai's remain flat

Rice prices in India and Vietnam advanced this week, while prices of the Thai grain remained unchanged for the second consecutive weeek, traders said on Thursday In India, the world's biggest rice exporter, the price of 5 percent broken parboiled rice ros
Published 12 Feb, 2017 12:00am
EU financial services chief warns US against unpicking bank rules

EU financial services chief warns US against unpicking bank rules

Some US financial institutions could be locked out of the European market if Donald Trump's administration repeals global rules imposed in the wake of the financial crisis, a top EU official said on Friday. Valdis Dombrovskis, vice president of the Europe
Published 12 Feb, 2017 12:00am
Brazil's 2016-17 soyabean crop seen at record 104.7 million tones

Brazil's 2016-17 soyabean crop seen at record 104.7 million tones

Brazil's 2016-17 soyabean crop will reach a record 104.7 million tonnes, favoured by good weather as the harvest gains pace in important growing regions, according to an average of 19 analysts and groups polled by Reuters on Wednesday.
Published 12 Feb, 2017 12:00am
Taiwan Uber drivers protest fine hike as app halts service

Taiwan Uber drivers protest fine hike as app halts service

Protesting Uber drivers circled Taiwan's transport ministry Friday as the ride-hailing app halted operations on the island following an impasse with the government which deems the service illegal. The US firm announced last week that it would suspend busi
Published 12 Feb, 2017 12:00am
US Midwest corn bids mostly weaker

US Midwest corn bids mostly weaker

Spot corn bids at elevators and processors in the US Midwest were mostly unchanged to weaker and steady to uneven for soyabeans on Thursday, dealers said. Sufficient supplies pressured corn bids along with Chicago Board of Trade corn futures. Traders also
Published 12 Feb, 2017 12:00am
Egypt's urban inflation jumps to 28.1 percent in January
Currency

Egypt's urban inflation jumps to 28.1 percent in January

Egypt's annualised urban consumer price inflation jumped to 28.1 percent in January from 23.3 percent in December, the official CAPMAS statistics agency said on Saturday, its highest level since central bank records began in 2005. Prices have soared since
Published 12 Feb, 2017 12:00am
US FOB Gulf corn offers mixed

US FOB Gulf corn offers mixed

Export premiums for corn shipped from the US Gulf Coast were narrowly mixed on Thursday while soyabean and wheat premiums held mostly steady following the release of the US Agriculture Department's monthly supply and demand estimates, traders said. Nearby
Published 12 Feb, 2017 12:00am
Kenya raises tax revenue forecast; economists surprised

Kenya raises tax revenue forecast; economists surprised

Kenya has raised its tax revenue forecast for the financial year ending in June 2017 by 8.7 percent as efforts to boost collection start to pay off, officials said. Economists said the forecast for this fiscal year was slightly too optimistic, saying ther
Published 12 Feb, 2017 12:00am
Vietnamese coffee prices decline on London cues

Vietnamese coffee prices decline on London cues

Prices of Vietnamese coffee dropped this week following cues from London while Indonesia was quiet with no deals sealed for want of supplies, traders said on Thursday. Coffee prices in Daklak, Vietnam's largest growing province, decreased to 44,500-45,000
Published 12 Feb, 2017 12:00am
Kenya raises tax revenue forecast; economists surprised

Kenya raises tax revenue forecast; economists surprised

Kenya has raised its tax revenue forecast for the financial year ending in June 2017 by 8.7 percent as efforts to boost collection start to pay off, officials said. Economists said the forecast for this fiscal year was slightly too optimistic, saying ther
Published 12 Feb, 2017 12:00am
Indonesia plans to raise coal output by 26 percent

Indonesia plans to raise coal output by 26 percent

Indonesia's PT Bukit Asam plans to increase coal production 26 percent in 2017 to 24 million tonnes, the chief executive of the state-owned company said, amid improved prices and increasing demand for the fuel at home and abroad.
Published 12 Feb, 2017 12:00am
Euro Disney says visitor numbers up in first quarter

Euro Disney says visitor numbers up in first quarter

Euro Disney, which operates Disneyland Paris, said Friday visitor numbers were up in the first quarter, despite the state of emergency that has been in place in France for over a year. "After a difficult year, the Paris tourism environment remains challen
Published 12 Feb, 2017 12:00am
US wheat futures higher
Currency

US wheat futures higher

US wheat futures were narrowly higher on Wednesday, following bigger gains in soybeans and corn on positioning ahead of a US Department of Agriculture monthly supply and demand report due on Thursday, traders said. Analysts polled by Reuters expected USDA
Published 12 Feb, 2017 12:00am
Euro Disney says visitor numbers up in first quarter

Euro Disney says visitor numbers up in first quarter

Euro Disney, which operates Disneyland Paris, said Friday visitor numbers were up in the first quarter, despite the state of emergency that has been in place in France for over a year. "After a difficult year, the Paris tourism environment remains challen
Published 12 Feb, 2017 12:00am
Brazil's sugarcane crop views vary widely on heavy rain

Brazil's sugarcane crop views vary widely on heavy rain

Early projections for Brazil's 2017/18 sugar cane crop are varying widely amid heavy rains in the center-south cane belt, leaving commodities traders uncertain about how much sugar the world's top producer will make as harvest time approaches. Extremely b
Published 12 Feb, 2017 12:00am
US natural gas futures rise on cooler weather

US natural gas futures rise on cooler weather

US natural gas futures on Thursday edged up to their highest level in a week on forecasts for slightly cooler, but still warmer-than-normal weather over the next two weeks. That move higher came despite a government report showing a smaller-than-expected
Published 12 Feb, 2017 12:00am
Service sector drives stronger Canada job growth in January

Service sector drives stronger Canada job growth in January

Canadian job growth unexpectedly surged in January as hiring in the service sector helped the labor market build on its momentum from the latter part of 2016, suggesting the economy was finding its footing. Canada added 48,300 jobs last month, Statistics
Published 12 Feb, 2017 12:00am
Iron ore rises on strong Chinese demand
Currency

Iron ore rises on strong Chinese demand

Iron ore futures in China gained further on Thursday, rising for six of eight sessions, with values underpinned by signs of strong demand in world's top steel consumer China. Resumption of construction activity after the Lunar New Year break is boosting d
Published 12 Feb, 2017 12:00am
Renault boasts record year despite diesel probe

Renault boasts record year despite diesel probe

French carmaker Renault said Friday it booked a record year in 2016 and that it would not set aside any provisions for potential financial fallout from a diesel emissions probe. Renault, which has now become France's biggest carmaker in terms of sales, sa
Published 12 Feb, 2017 12:00am
Russia to boost Urals exports in H1 despite cutting oil output with OPEC

Russia to boost Urals exports in H1 despite cutting oil output with OPEC

Russia is set to post higher exports of Urals crude for the first half of this year despite cutting oil production ahead of schedule under a deal with OPEC aimed at boosting prices. After OPEC and non-OPEC producers agreed in early December to curtail oil
Published 12 Feb, 2017 12:00am
China sustains red-hot commodities imports at near-record pace

China sustains red-hot commodities imports at near-record pace

China's red-hot commodities buying continued at a near record pace last month, defying the seasonal holiday slowdown, as utilities, steel mills and oil refiners sought foreign coal, iron ore and crude to replenish lower domestic supplies. Iron ore shipmen
Published 12 Feb, 2017 12:00am
EU wheat futures rise to one-month high

EU wheat futures rise to one-month high

Euronext wheat futures edged higher on Thursday to near a one-month high, supported by a weaker euro, but moves were capped by chart resistance and a cautious mood ahead of closely watched US government crop forecasts at the end of the session. March mill
Published 12 Feb, 2017 12:00am
Cocoa futures to rebound as low prices boost demand

Cocoa futures to rebound as low prices boost demand

Cocoa prices should regain some ground by the end of 2017 following a prolonged slide fuelled by expectations for a global surplus in the current 2016/17 season, a Reuters poll of nine traders and analysts showed on Tuesday. The survey's median forecast f
Published 12 Feb, 2017 12:00am
China to consume more corn in 2016-17

China to consume more corn in 2016-17

China will consume more corn in 2016/17 than previously forecast as demand for the grain in livestock feed will rise after China slapped anti-dumping duties on US distiller's dried grains, an influential report said on Wednesday, pushing up prices. In a d
Published 12 Feb, 2017 12:00am
Germany shifts more gold home in 2016

Germany shifts more gold home in 2016

Germany's central bank said Thursday it sped up the process of bringing its gold home from foreign vaults in 2016, moving more than 200 tonnes from New York and Paris. The Bundesbank relocated some 216 tonnes of the precious metal to its headquarters in F
Published 12 Feb, 2017 12:00am
Freight rates for large capesize dry cargo to diverge on weather

Freight rates for large capesize dry cargo to diverge on weather

Freight rates for large capesize dry cargo vessels on key Asian routes could diverge next week with rates from Australia to China rebounding on improved weather conditions but rates from Brazil holding steady or slipping on thin chartering activity, broke
Published 12 Feb, 2017 12:00am
Hedge fund positioning in oil looks stretched

Hedge fund positioning in oil looks stretched

Hedge funds have accumulated a large net long position in crude oil futures and options but the size of the position and its implications for future movements in prices are disputed. Hedge funds and other money managers had accumulated a net long position
Published 12 Feb, 2017 12:00am
EU raises 2016-17 maize stocks forecast

EU raises 2016-17 maize stocks forecast

The European Commission has raised its forecast for 2016-17 maize stocks slightly and trimmed projected barley stocks, according to a revised version of its monthly EU cereals supply-and-demand outlook released on Thursday. The updated figures posted on t
Published 12 Feb, 2017 12:00am
ICE cotton edges up on mill buying hopes; ends week lower
Cotton

ICE cotton edges up on mill buying hopes; ends week lower

ICE cotton futures inched higher on Friday to settle up for a third straight session on expectations of short-covering by mills, ahead of the first notice day for the March contract. "The overwhelming amount of mills shorts that are still in the front mon
Published 12 Feb, 2017 12:00am
EU raises 2016-17 maize stocks forecast, trims barley

EU raises 2016-17 maize stocks forecast, trims barley

The European Commission has raised its forecast for 2016-17 maize stocks slightly and trimmed projected barley stocks, according to a revised version of its monthly EU cereals supply-and-demand outlook released on Thursday. The updated figures posted on t
Published 12 Feb, 2017 12:00am
Europe feels pinch as Spain's vegetable fields suffer

Europe feels pinch as Spain's vegetable fields suffer

Vegetable lovers across Europe have been making hard choices this winter after storms battered fields in southeast Spain, the continent's main fruit and vegetable patch. Courgette prices are soaring, but shoppers are also thinking twice before shelling ou
Published 12 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (February 11, 2017).

Published 12 Feb, 2017 12:00am
Brazil coffee growers say stocks adequate, oppose robusta imports

Brazil coffee growers say stocks adequate, oppose robusta imports

Coffee farmers in Brazil on Tuesday told government officials they hold around 4 million bags (60-kg) of robusta beans in stocks and that imports of the beans are not necessary. Farmers and politicians from top robusta-producing state Espirito Santo met B
Published 12 Feb, 2017 12:00am
French wheat, barley exports pick up in December

French wheat, barley exports pick up in December

French exports of wheat and barley picked up in December, supported by shipments to North Africa and the Middle East, although total exports so far this season remained well below the year-earlier level, customs data showed on Tuesday. France has been try
Published 12 Feb, 2017 12:00am
THE RUPEE: modest gains
Currency

THE RUPEE: modest gains

KARACHI: The rupee managed to recover modestly in terms of the dollar in the money market in process of trading, dealers said. The rupee gained 10 paisas versus the dollar for buying and selling at Rs 107.10 and Rs 107.30, they said. The rupee also picked
Published 12 Feb, 2017 12:00am
Bangladesh to import 200,000 tonnes of wheat from Russia

Bangladesh to import 200,000 tonnes of wheat from Russia

Bangladesh will import 200,000 tonnes of wheat from Russia in a government-to-government deal, the head of the state grains buyer said on Wednesday, as South Asia's top wheat buyer looks to build its reserves. The first batch of 55,000 tonnes of wheat is
Published 12 Feb, 2017 12:00am
THE RUPEE: modest gains
Currency

THE RUPEE: modest gains

KARACHI: The rupee managed to recover modestly in terms of the dollar in the money market in process of trading, dealers said. The rupee gained 10 paisas versus the dollar for buying and selling at Rs 107.10 and Rs 107.30, they said. The rupee also picked
Published 12 Feb, 2017 12:00am
Long-term investors shy away as hot money fuels commodity rallies

Long-term investors shy away as hot money fuels commodity rallies

Hot money has helped commodity markets to outpace shares for the first time in five years, but long-term investors burnt in the previous boom are unlikely to add their considerable muscle to sustain that momentum. The Thomson Reuters/Core Commodity CRB In
Published 12 Feb, 2017 12:00am
Cotton prices firm on hectic trade activity
Cotton

Cotton prices firm on hectic trade activity

Rates maintained firm posture on the cotton market on Saturday during the sizeable business, dealers said. The official spot rate was unmoved at Rs 6700, dealers said. In Sindh, seed cotton prices were at Rs 3200-3500, they said. In Punjab, phutti rates w
Published 12 Feb, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 11, 2017).

Published 12 Feb, 2017 12:00am
Rice prices rise in India and Vietnam but Thai's remain flat

Rice prices rise in India and Vietnam but Thai's remain flat

Rice prices in India and Vietnam advanced this week, while prices of the Thai grain remained unchanged for the second consecutive weeek, traders said on Thursday In India, the world's biggest rice exporter, the price of 5 percent broken parboiled rice ros
Published 12 Feb, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 11, 2017).

Published 12 Feb, 2017 12:00am
Brazil's 2016-17 soyabean crop seen at record 104.7 million tones

Brazil's 2016-17 soyabean crop seen at record 104.7 million tones

Brazil's 2016-17 soyabean crop will reach a record 104.7 million tonnes, favoured by good weather as the harvest gains pace in important growing regions, according to an average of 19 analysts and groups polled by Reuters on Wednesday.
Published 12 Feb, 2017 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 (February 11, 2017).

Published 12 Feb, 2017 12:00am
US Midwest corn bids mostly weaker

US Midwest corn bids mostly weaker

Spot corn bids at elevators and processors in the US Midwest were mostly unchanged to weaker and steady to uneven for soyabeans on Thursday, dealers said. Sufficient supplies pressured corn bids along with Chicago Board of Trade corn futures. Traders also
Published 12 Feb, 2017 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 (February 11, 2017).

Published 12 Feb, 2017 12:00am
US FOB Gulf corn offers mixed

US FOB Gulf corn offers mixed

Export premiums for corn shipped from the US Gulf Coast were narrowly mixed on Thursday while soyabean and wheat premiums held mostly steady following the release of the US Agriculture Department's monthly supply and demand estimates, traders said. Nearby
Published 12 Feb, 2017 12:00am
Vietnamese coffee prices decline on London cues

Vietnamese coffee prices decline on London cues

Prices of Vietnamese coffee dropped this week following cues from London while Indonesia was quiet with no deals sealed for want of supplies, traders said on Thursday. Coffee prices in Daklak, Vietnam's largest growing province, decreased to 44,500-45,000
Published 12 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 11, 2017)

Published 12 Feb, 2017 12:00am
Indonesia plans to raise coal output by 26 percent

Indonesia plans to raise coal output by 26 percent

Indonesia's PT Bukit Asam plans to increase coal production 26 percent in 2017 to 24 million tonnes, the chief executive of the state-owned company said, amid improved prices and increasing demand for the fuel at home and abroad.
Published 12 Feb, 2017 12:00am
US wheat futures higher
Currency

US wheat futures higher

US wheat futures were narrowly higher on Wednesday, following bigger gains in soybeans and corn on positioning ahead of a US Department of Agriculture monthly supply and demand report due on Thursday, traders said. Analysts polled by Reuters expected USDA
Published 12 Feb, 2017 12:00am
Brazil's sugarcane crop views vary widely on heavy rain

Brazil's sugarcane crop views vary widely on heavy rain

Early projections for Brazil's 2017/18 sugar cane crop are varying widely amid heavy rains in the center-south cane belt, leaving commodities traders uncertain about how much sugar the world's top producer will make as harvest time approaches. Extremely b
Published 12 Feb, 2017 12:00am
US natural gas futures rise on cooler weather

US natural gas futures rise on cooler weather

US natural gas futures on Thursday edged up to their highest level in a week on forecasts for slightly cooler, but still warmer-than-normal weather over the next two weeks. That move higher came despite a government report showing a smaller-than-expected
Published 12 Feb, 2017 12:00am
Spectacular water show opens Venice Carnival

Spectacular water show opens Venice Carnival

The Carnival of Venice, which each year draws thousands of revellers dressed in masks and period costume, got under way in the iconic Italian city on Saturday with a stunning show staged on its famous canals. The show, celebrating "the beauty, the sea and
Published 12 Feb, 2017 12:00am
Mustafa Kamal, Farooq Sattar shake hands

Mustafa Kamal, Farooq Sattar shake hands

Chief of Muttahida Quami Movement (MQM) Pakistan Farooq Sattar, and founder Pak Sarzameen Party (PSP) Syed Mustafa Kamal attended a seminar at Karachi University, where the two leaders were seen shaking hands. Attendees were surprised to see a brief momen
Published 12 Feb, 2017 12:00am
Aziz explains criticality of maritime challenges

Aziz explains criticality of maritime challenges

Advisor to Prime Minister on Foreign Affairs Sartaj Aziz on Saturday said that as the Indian Ocean region contains several conflict zones, the region's maritime security challenges have grown. "These are affected by key variables such as militarisation, t
Published 12 Feb, 2017 12:00am
Mustafa Kamal, Farooq Sattar shake hands

Mustafa Kamal, Farooq Sattar shake hands

Chief of Muttahida Quami Movement (MQM) Pakistan Farooq Sattar, and founder Pak Sarzameen Party (PSP) Syed Mustafa Kamal attended a seminar at Karachi University, where the two leaders were seen shaking hands. Attendees were surprised to see a brief momen
Published 12 Feb, 2017 12:00am
Aziz explains criticality of maritime challenges

Aziz explains criticality of maritime challenges

Advisor to Prime Minister on Foreign Affairs Sartaj Aziz on Saturday said that as the Indian Ocean region contains several conflict zones, the region's maritime security challenges have grown. "These are affected by key variables such as militarisation, t
Published 12 Feb, 2017 12:00am
Tech firms must do more against ''fake news'': Apple boss

Tech firms must do more against ''fake news'': Apple boss

Technology firms must up their game in tackling "fake news", Apple chief executive Tim Cook said Saturday, calling for a major public information campaign. "All of us technology companies need to create some tools that help diminish the volume of fake new
Published 12 Feb, 2017 12:00am
'Significant uncertainty' about fiscal policy under Trump

'Significant uncertainty' about fiscal policy under Trump

US Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Sp
Published 12 Feb, 2017 12:00am
Tech firms must do more against 'fake news': Apple boss

Tech firms must do more against 'fake news': Apple boss

Technology firms must up their game in tackling "fake news", Apple chief executive Tim Cook said Saturday, calling for a major public information campaign. "All of us technology companies need to create some tools that help diminish the volume of fake new
Published 12 Feb, 2017 12:00am
'Significant uncertainty' about fiscal policy under Trump

'Significant uncertainty' about fiscal policy under Trump

US Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Sp
Published 12 Feb, 2017 12:00am
Tech firms must do more against 'fake news': Apple boss

Tech firms must do more against 'fake news': Apple boss

Technology firms must up their game in tackling "fake news", Apple chief executive Tim Cook said Saturday, calling for a major public information campaign. "All of us technology companies need to create some tools that help diminish the volume of fake new
Published 12 Feb, 2017 12:00am
MPCL shares: PC serves transfer notice based on closing price

MPCL shares: PC serves transfer notice based on closing price

Privatisation Commission (PC) has reportedly served transfer notice to Fauji Foundation and OGDCL based on the closing price of Mari Petroleum Company Limited (MPCL) shares on January 27, 2017 with a 7.5 percent discount as per a decision of the Cabinet C
Published 12 Feb, 2017 12:00am
Tsipras warns IMF, Germany to stop ''playing with fire''

Tsipras warns IMF, Germany to stop ''playing with fire''

Greek Prime Minister Alexis Tsipras on Saturday warned the International Monetary Fund and German Finance Minister Wolfgang Schaeuble to "stop playing with fire" in the handling of his country''s debt. Opening a meeting of his Syriza party, Tsipras said h
Published 12 Feb, 2017 12:00am
MPCL shares: PC serves transfer notice based on closing price

MPCL shares: PC serves transfer notice based on closing price

Privatisation Commission (PC) has reportedly served transfer notice to Fauji Foundation and OGDCL based on the closing price of Mari Petroleum Company Limited (MPCL) shares on January 27, 2017 with a 7.5 percent discount as per a decision of the Cabinet C
Published 12 Feb, 2017 12:00am
Tsipras warns IMF, Germany to stop 'playing with fire'

Tsipras warns IMF, Germany to stop 'playing with fire'

Greek Prime Minister Alexis Tsipras on Saturday warned the International Monetary Fund and German Finance Minister Wolfgang Schaeuble to "stop playing with fire" in the handling of his country's debt. Opening a meeting of his Syriza party, Tsipras said he
Published 12 Feb, 2017 12:00am
MPCL shares: PC serves transfer notice based on closing price

MPCL shares: PC serves transfer notice based on closing price

Privatisation Commission (PC) has reportedly served transfer notice to Fauji Foundation and OGDCL based on the closing price of Mari Petroleum Company Limited (MPCL) shares on January 27, 2017 with a 7.5 percent discount as per a decision of the Cabinet C
Published 12 Feb, 2017 12:00am
Tsipras warns IMF, Germany to stop 'playing with fire'

Tsipras warns IMF, Germany to stop 'playing with fire'

Greek Prime Minister Alexis Tsipras on Saturday warned the International Monetary Fund and German Finance Minister Wolfgang Schaeuble to "stop playing with fire" in the handling of his country's debt. Opening a meeting of his Syriza party, Tsipras said he
Published 12 Feb, 2017 12:00am
RBOD-II work cost soars to Rs 61 billion

RBOD-II work cost soars to Rs 61 billion

The cost of extension of Right Bank Outfall Drainage from Sehwan to Sea (RBOD-II) has escalated to Rs 61 billion from initially estimated Rs 14 billion, primarily due to delay in completion of the project and subsequent revisions of PC-1. Sources said the
Published 12 Feb, 2017 12:00am
Seven killed as Baghdad protest turns violent

Seven killed as Baghdad protest turns violent

Seven people were killed in clashes that erupted in central Baghdad on Saturday between the security forces and protesters demanding reforms to Iraq's electoral system, police said. The violence was the deadliest to break out at a protest since a wave of
Published 12 Feb, 2017 12:00am
RBOD-II work cost soars to Rs 61 billion

RBOD-II work cost soars to Rs 61 billion

The cost of extension of Right Bank Outfall Drainage from Sehwan to Sea (RBOD-II) has escalated to Rs 61 billion from initially estimated Rs 14 billion, primarily due to delay in completion of the project and subsequent revisions of PC-1. Sources said the
Published 12 Feb, 2017 12:00am
Seven killed as Baghdad protest turns violent

Seven killed as Baghdad protest turns violent

Seven people were killed in clashes that erupted in central Baghdad on Saturday between the security forces and protesters demanding reforms to Iraq's electoral system, police said. The violence was the deadliest to break out at a protest since a wave of
Published 12 Feb, 2017 12:00am
RBOD-II work cost soars to Rs 61 billion

RBOD-II work cost soars to Rs 61 billion

The cost of extension of Right Bank Outfall Drainage from Sehwan to Sea (RBOD-II) has escalated to Rs 61 billion from initially estimated Rs 14 billion, primarily due to delay in completion of the project and subsequent revisions of PC-1. Sources said the
Published 12 Feb, 2017 12:00am
Iran says holds eight foreigners planning attacks

Iran says holds eight foreigners planning attacks

Iranian security forces have arrested eight hardline Sunni Islamists suspected of planning attacks to disrupt celebrations for Iran's Islamic revolution in the past week, Intelligence Minister Mahmoud Alavi said on Saturday. Alavi said the eight were "Tak
Published 12 Feb, 2017 12:00am
RBOD-II work cost soars to Rs 61 billion

RBOD-II work cost soars to Rs 61 billion

The cost of extension of Right Bank Outfall Drainage from Sehwan to Sea (RBOD-II) has escalated to Rs 61 billion from initially estimated Rs 14 billion, primarily due to delay in completion of the project and subsequent revisions of PC-1. Sources said the
Published 12 Feb, 2017 12:00am
Iran says holds eight foreigners planning attacks

Iran says holds eight foreigners planning attacks

Iranian security forces have arrested eight hardline Sunni Islamists suspected of planning attacks to disrupt celebrations for Iran's Islamic revolution in the past week, Intelligence Minister Mahmoud Alavi said on Saturday. Alavi said the eight were "Tak
Published 12 Feb, 2017 12:00am
Taliban suicide bomber kills six in Helmand

Taliban suicide bomber kills six in Helmand

At least six people were killed Saturday when a Taliban bomber rammed an explosives-laden car into Afghan soldiers who had queued outside a bank in southern Helmand province to collect their salaries, officials said. Nearly two dozen others, including wom
Published 12 Feb, 2017 12:00am
Trump vows to bring planned border wall costs 'way down'

Trump vows to bring planned border wall costs 'way down'

President Donald Trump insisted early Saturday that he would bring the price of his planned Mexican border wall "way down," after US media circulated a government report estimating it would cost $21.6 billion. In the internal government study, the US Depa
Published 12 Feb, 2017 12:00am
Taliban suicide bomber kills six in Helmand

Taliban suicide bomber kills six in Helmand

At least six people were killed Saturday when a Taliban bomber rammed an explosives-laden car into Afghan soldiers who had queued outside a bank in southern Helmand province to collect their salaries, officials said. Nearly two dozen others, including wom
Published 12 Feb, 2017 12:00am
Trump vows to bring planned border wall costs 'way down'

Trump vows to bring planned border wall costs 'way down'

President Donald Trump insisted early Saturday that he would bring the price of his planned Mexican border wall "way down," after US media circulated a government report estimating it would cost $21.6 billion. In the internal government study, the US Depa
Published 12 Feb, 2017 12:00am
Azerbaijan-Pakistan energy pact on the cards

Azerbaijan-Pakistan energy pact on the cards

Azerbaijan and Pakistan are likely to sign an inter-government agreement on co-operation in the field of energy during the scheduled visit of Azerbaijan President to Pakistan by end of February. Sources said Azerbaijan President is due to arrive in Islama
Published 12 Feb, 2017 12:00am
Azerbaijan-Pakistan energy pact on the cards

Azerbaijan-Pakistan energy pact on the cards

Azerbaijan and Pakistan are likely to sign an inter-government agreement on co-operation in the field of energy during the scheduled visit of Azerbaijan President to Pakistan by end of February. Sources said Azerbaijan President is due to arrive in Islama
Published 12 Feb, 2017 12:00am
Azerbaijan-Pakistan energy pact on the cards

Azerbaijan-Pakistan energy pact on the cards

Azerbaijan and Pakistan are likely to sign an inter-government agreement on co-operation in the field of energy during the scheduled visit of Azerbaijan President to Pakistan by end of February. Sources said Azerbaijan President is due to arrive in Islama
Published 12 Feb, 2017 12:00am
Budget likely by end of May

Budget likely by end of May

Finance Minister Ishaq Dar has reportedly asked the Finance Division and the Federal Board of Revenue (FBR) to make preparations for presenting federal budget for fiscal year 2017-18 by the end of May 2017. However, an official said that a final date to p
Published 12 Feb, 2017 12:00am
Florida's foreigners living in fear in the era of Trump

Florida's foreigners living in fear in the era of Trump

When Venezuelan journalist Eulimar Nunez saw the airport chaos triggered by President Donald Trump's now-suspended executive order on immigration, she decided to try to upgrade her status from permanent resident to US citizen. Like her, many foreigners in
Published 12 Feb, 2017 12:00am
Budget likely by end of May

Budget likely by end of May

Finance Minister Ishaq Dar has reportedly asked the Finance Division and the Federal Board of Revenue (FBR) to make preparations for presenting federal budget for fiscal year 2017-18 by the end of May 2017. However, an official said that a final date to p
Published 12 Feb, 2017 12:00am
Complete shutdown observed in IHK

Complete shutdown observed in IHK

A complete shutdown was observed on Saturday to mark the anniversary of the hanging of prominent Kashmiri liberation leader, Muhammad Maqbool Butt in the Indian-occupied Kashmir. According to KMS, call for the strike was given by the joint resistance lead
Published 12 Feb, 2017 12:00am
Budget likely by end of May

Budget likely by end of May

Finance Minister Ishaq Dar has reportedly asked the Finance Division and the Federal Board of Revenue (FBR) to make preparations for presenting federal budget for fiscal year 2017-18 by the end of May 2017. However, an official said that a final date to p
Published 12 Feb, 2017 12:00am
Complete shutdown observed in IHK

Complete shutdown observed in IHK

A complete shutdown was observed on Saturday to mark the anniversary of the hanging of prominent Kashmiri liberation leader, Muhammad Maqbool Butt in the Indian-occupied Kashmir. According to KMS, call for the strike was given by the joint resistance lead
Published 12 Feb, 2017 12:00am
Test for Modi as India's biggest state votes
Currency

Test for Modi as India's biggest state votes

Millions of voters in India's most populous state cast their ballots Saturday in a contest seen as a key test for Narendra Modi halfway through his first term as prime minister. Uttar Pradesh is home to over 200 million people - more than the entire popul
Published 12 Feb, 2017 12:00am
Six die as strong quake shakes Philippines

Six die as strong quake shakes Philippines

Rescuers dug through rubble Saturday to find survivors after a powerful earthquake struck the southern Philippines, killing at least six people and sending thousands fleeing for safety. Residents of the southern town of Surigao in Mindanao island spent th
Published 12 Feb, 2017 12:00am
Test for Modi as India's biggest state votes
Currency

Test for Modi as India's biggest state votes

Millions of voters in India's most populous state cast their ballots Saturday in a contest seen as a key test for Narendra Modi halfway through his first term as prime minister. Uttar Pradesh is home to over 200 million people - more than the entire popul
Published 12 Feb, 2017 12:00am
Six die as strong quake shakes Philippines

Six die as strong quake shakes Philippines

Rescuers dug through rubble Saturday to find survivors after a powerful earthquake struck the southern Philippines, killing at least six people and sending thousands fleeing for safety. Residents of the southern town of Surigao in Mindanao island spent th
Published 12 Feb, 2017 12:00am
Turkey confirms constitutional referendum on April 16

Turkey confirms constitutional referendum on April 16

Turkey's election board officially confirmed Saturday that a referendum on constitutional changes that would expand President Recep Tayyip Erdogan's powers will take place on April 16. High Election Board head Sadi Guven said in a televised speech that th
Published 12 Feb, 2017 12:00am
Basit meets Indian Foreign Secretary

Basit meets Indian Foreign Secretary

Pakistan's High Commissioner to India Abdul Basit on Saturday called on Indian Foreign Secretary J Shankar and exchanged views on bilateral relations and resumption of talks. Aaj News reported that the meeting between Pakistan's high commissioner and Indi
Published 12 Feb, 2017 12:00am
Turkey confirms constitutional referendum on April 16

Turkey confirms constitutional referendum on April 16

Turkey's election board officially confirmed Saturday that a referendum on constitutional changes that would expand President Recep Tayyip Erdogan's powers will take place on April 16. High Election Board head Sadi Guven said in a televised speech that th
Published 12 Feb, 2017 12:00am
Basit meets Indian Foreign Secretary

Basit meets Indian Foreign Secretary

Pakistan's High Commissioner to India Abdul Basit on Saturday called on Indian Foreign Secretary J Shankar and exchanged views on bilateral relations and resumption of talks. Aaj News reported that the meeting between Pakistan's high commissioner and Indi
Published 12 Feb, 2017 12:00am
Aziz explains criticality of maritime challenges

Aziz explains criticality of maritime challenges

Advisor to Prime Minister on Foreign Affairs Sartaj Aziz on Saturday said that as the Indian Ocean region contains several conflict zones, the region's maritime security challenges have grown. "These are affected by key variables such as militarisation, t
Published 12 Feb, 2017 12:00am
Rs.363.98 billion released under PSDP

Rs.363.98 billion released under PSDP

The government has released Rs 363.98 billion till 27 January 2017 (45.5 per cent of the budgeted amount), including Rs118.6 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the t
Published 12 Feb, 2017 12:00am
Aziz explains criticality of maritime challenges

Aziz explains criticality of maritime challenges

Advisor to Prime Minister on Foreign Affairs Sartaj Aziz on Saturday said that as the Indian Ocean region contains several conflict zones, the region's maritime security challenges have grown. "These are affected by key variables such as militarisation, t
Published 12 Feb, 2017 12:00am
Rs.363.98 billion released under PSDP

Rs.363.98 billion released under PSDP

The government has released Rs 363.98 billion till 27 January 2017 (45.5 per cent of the budgeted amount), including Rs118.6 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the t
Published 12 Feb, 2017 12:00am
'Significant uncertainty' about fiscal policy under Trump

'Significant uncertainty' about fiscal policy under Trump

US Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Sp
Published 12 Feb, 2017 12:00am
Rs.363.98 billion released under PSDP

Rs.363.98 billion released under PSDP

The government has released Rs 363.98 billion till 27 January 2017 (45.5 per cent of the budgeted amount), including Rs118.6 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the t
Published 12 Feb, 2017 12:00am
'Significant uncertainty' about fiscal policy under Trump

'Significant uncertainty' about fiscal policy under Trump

US Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Sp
Published 12 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 11, 2017).

Published 12 Feb, 2017 12:00am
Iron ore rises on strong Chinese demand
Currency

Iron ore rises on strong Chinese demand

Iron ore futures in China gained further on Thursday, rising for six of eight sessions, with values underpinned by signs of strong demand in world's top steel consumer China. Resumption of construction activity after the Lunar New Year break is boosting d
Published 12 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 11, 2017).

Published 12 Feb, 2017 12:00am
Russia to boost Urals exports in H1 despite cutting oil output with OPEC

Russia to boost Urals exports in H1 despite cutting oil output with OPEC

Russia is set to post higher exports of Urals crude for the first half of this year despite cutting oil production ahead of schedule under a deal with OPEC aimed at boosting prices. After OPEC and non-OPEC producers agreed in early December to curtail oil
Published 12 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 11, 2017).

Published 12 Feb, 2017 12:00am
EU wheat futures rise to one-month high

EU wheat futures rise to one-month high

Euronext wheat futures edged higher on Thursday to near a one-month high, supported by a weaker euro, but moves were capped by chart resistance and a cautious mood ahead of closely watched US government crop forecasts at the end of the session. March mill
Published 12 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (February 11, 2017) and the forecast for Sunday (February 12, 2017).

Published 12 Feb, 2017 12:00am
China to consume more corn in 2016-17

China to consume more corn in 2016-17

China will consume more corn in 2016/17 than previously forecast as demand for the grain in livestock feed will rise after China slapped anti-dumping duties on US distiller's dried grains, an influential report said on Wednesday, pushing up prices. In a d
Published 12 Feb, 2017 12:00am
Freight rates for large capesize dry cargo to diverge on weather

Freight rates for large capesize dry cargo to diverge on weather

Freight rates for large capesize dry cargo vessels on key Asian routes could diverge next week with rates from Australia to China rebounding on improved weather conditions but rates from Brazil holding steady or slipping on thin chartering activity, broke
Published 12 Feb, 2017 12:00am
EU raises 2016-17 maize stocks forecast

EU raises 2016-17 maize stocks forecast

The European Commission has raised its forecast for 2016-17 maize stocks slightly and trimmed projected barley stocks, according to a revised version of its monthly EU cereals supply-and-demand outlook released on Thursday. The updated figures posted on t
Published 12 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (February 11, 2017).

Published 12 Feb, 2017 12:00am
THE RUPEE: modest gains
Currency

THE RUPEE: modest gains

KARACHI: The rupee managed to recover modestly in terms of the dollar in the money market in process of trading, dealers said. The rupee gained 10 paisas versus the dollar for buying and selling at Rs 107.10 and Rs 107.30, they said. The rupee also picked
Published 12 Feb, 2017 12:00am
THE RUPEE: modest gains
Currency

THE RUPEE: modest gains

KARACHI: The rupee managed to recover modestly in terms of the dollar in the money market in process of trading, dealers said. The rupee gained 10 paisas versus the dollar for buying and selling at Rs 107.10 and Rs 107.30, they said. The rupee also picked
Published 12 Feb, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 11, 2017).

Published 12 Feb, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 11, 2017).

Published 12 Feb, 2017 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 (February 11, 2017).

Published 12 Feb, 2017 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 (February 11, 2017).

Published 12 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 11, 2017)

Published 12 Feb, 2017 12:00am
Florida's foreigners living in fear in the era of Trump

Florida's foreigners living in fear in the era of Trump

When Venezuelan journalist Eulimar Nunez saw the airport chaos triggered by President Donald Trump's now-suspended executive order on immigration, she decided to try to upgrade her status from permanent resident to US citizen. Like her, many foreigners in
Published 12 Feb, 2017 12:00am
MPCL shares: PC serves transfer notice based on closing price

MPCL shares: PC serves transfer notice based on closing price

Privatisation Commission (PC) has reportedly served transfer notice to Fauji Foundation and OGDCL based on the closing price of Mari Petroleum Company Limited (MPCL) shares on January 27, 2017 with a 7.5 percent discount as per a decision of the Cabinet C
Published 12 Feb, 2017 12:00am
MPCL shares: PC serves transfer notice based on closing price

MPCL shares: PC serves transfer notice based on closing price

Privatisation Commission (PC) has reportedly served transfer notice to Fauji Foundation and OGDCL based on the closing price of Mari Petroleum Company Limited (MPCL) shares on January 27, 2017 with a 7.5 percent discount as per a decision of the Cabinet C
Published 12 Feb, 2017 12:00am
MPCL shares: PC serves transfer notice based on closing price

MPCL shares: PC serves transfer notice based on closing price

Privatisation Commission (PC) has reportedly served transfer notice to Fauji Foundation and OGDCL based on the closing price of Mari Petroleum Company Limited (MPCL) shares on January 27, 2017 with a 7.5 percent discount as per a decision of the Cabinet C
Published 12 Feb, 2017 12:00am
RBOD-II work cost soars to Rs 61 billion

RBOD-II work cost soars to Rs 61 billion

The cost of extension of Right Bank Outfall Drainage from Sehwan to Sea (RBOD-II) has escalated to Rs 61 billion from initially estimated Rs 14 billion, primarily due to delay in completion of the project and subsequent revisions of PC-1. Sources said the
Published 12 Feb, 2017 12:00am
RBOD-II work cost soars to Rs 61 billion

RBOD-II work cost soars to Rs 61 billion

The cost of extension of Right Bank Outfall Drainage from Sehwan to Sea (RBOD-II) has escalated to Rs 61 billion from initially estimated Rs 14 billion, primarily due to delay in completion of the project and subsequent revisions of PC-1. Sources said the
Published 12 Feb, 2017 12:00am
RBOD-II work cost soars to Rs 61 billion

RBOD-II work cost soars to Rs 61 billion

The cost of extension of Right Bank Outfall Drainage from Sehwan to Sea (RBOD-II) has escalated to Rs 61 billion from initially estimated Rs 14 billion, primarily due to delay in completion of the project and subsequent revisions of PC-1. Sources said the
Published 12 Feb, 2017 12:00am
RBOD-II work cost soars to Rs 61 billion

RBOD-II work cost soars to Rs 61 billion

The cost of extension of Right Bank Outfall Drainage from Sehwan to Sea (RBOD-II) has escalated to Rs 61 billion from initially estimated Rs 14 billion, primarily due to delay in completion of the project and subsequent revisions of PC-1. Sources said the
Published 12 Feb, 2017 12:00am
Taliban suicide bomber kills six in Helmand

Taliban suicide bomber kills six in Helmand

At least six people were killed Saturday when a Taliban bomber rammed an explosives-laden car into Afghan soldiers who had queued outside a bank in southern Helmand province to collect their salaries, officials said. Nearly two dozen others, including wom
Published 12 Feb, 2017 12:00am
Taliban suicide bomber kills six in Helmand

Taliban suicide bomber kills six in Helmand

At least six people were killed Saturday when a Taliban bomber rammed an explosives-laden car into Afghan soldiers who had queued outside a bank in southern Helmand province to collect their salaries, officials said. Nearly two dozen others, including wom
Published 12 Feb, 2017 12:00am
Azerbaijan-Pakistan energy pact on the cards

Azerbaijan-Pakistan energy pact on the cards

Azerbaijan and Pakistan are likely to sign an inter-government agreement on co-operation in the field of energy during the scheduled visit of Azerbaijan President to Pakistan by end of February. Sources said Azerbaijan President is due to arrive in Islama
Published 12 Feb, 2017 12:00am
Azerbaijan-Pakistan energy pact on the cards

Azerbaijan-Pakistan energy pact on the cards

Azerbaijan and Pakistan are likely to sign an inter-government agreement on co-operation in the field of energy during the scheduled visit of Azerbaijan President to Pakistan by end of February. Sources said Azerbaijan President is due to arrive in Islama
Published 12 Feb, 2017 12:00am
Azerbaijan-Pakistan energy pact on the cards

Azerbaijan-Pakistan energy pact on the cards

Azerbaijan and Pakistan are likely to sign an inter-government agreement on co-operation in the field of energy during the scheduled visit of Azerbaijan President to Pakistan by end of February. Sources said Azerbaijan President is due to arrive in Islama
Published 12 Feb, 2017 12:00am
Basit meets Indian Foreign Secretary

Basit meets Indian Foreign Secretary

Pakistan's High Commissioner to India Abdul Basit on Saturday called on Indian Foreign Secretary J Shankar and exchanged views on bilateral relations and resumption of talks. Aaj News reported that the meeting between Pakistan's high commissioner and Indi
Published 12 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 11, 2017).

Published 12 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (February 11, 2017) and the forecast for Sunday (February 12, 2017).

Published 12 Feb, 2017 12:00am
Spectacular water show opens Venice Carnival

Spectacular water show opens Venice Carnival

The Carnival of Venice, which each year draws thousands of revellers dressed in masks and period costume, got under way in the iconic Italian city on Saturday with a stunning show staged on its famous canals. The show, celebrating "the beauty, the sea and
Published 12 Feb, 2017 12:00am
Rs.363.98 billion released under PSDP

Rs.363.98 billion released under PSDP

The government has released Rs 363.98 billion till 27 January 2017 (45.5 per cent of the budgeted amount), including Rs118.6 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the t
Published 12 Feb, 2017 12:00am
Rs.363.98 billion released under PSDP

Rs.363.98 billion released under PSDP

The government has released Rs 363.98 billion till 27 January 2017 (45.5 per cent of the budgeted amount), including Rs118.6 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the t
Published 12 Feb, 2017 12:00am
Rs.363.98 billion released under PSDP

Rs.363.98 billion released under PSDP

The government has released Rs 363.98 billion till 27 January 2017 (45.5 per cent of the budgeted amount), including Rs118.6 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the t
Published 12 Feb, 2017 12:00am
Six die as strong quake shakes Philippines

Six die as strong quake shakes Philippines

Rescuers dug through rubble Saturday to find survivors after a powerful earthquake struck the southern Philippines, killing at least six people and sending thousands fleeing for safety. Residents of the southern town of Surigao in Mindanao island spent th
Published 12 Feb, 2017 12:00am
Complete shutdown observed in IHK

Complete shutdown observed in IHK

A complete shutdown was observed on Saturday to mark the anniversary of the hanging of prominent Kashmiri liberation leader, Muhammad Maqbool Butt in the Indian-occupied Kashmir. According to KMS, call for the strike was given by the joint resistance lead
Published 12 Feb, 2017 12:00am
Complete shutdown observed in IHK

Complete shutdown observed in IHK

A complete shutdown was observed on Saturday to mark the anniversary of the hanging of prominent Kashmiri liberation leader, Muhammad Maqbool Butt in the Indian-occupied Kashmir. According to KMS, call for the strike was given by the joint resistance lead
Published 12 Feb, 2017 12:00am
Six die as strong quake shakes Philippines

Six die as strong quake shakes Philippines

Rescuers dug through rubble Saturday to find survivors after a powerful earthquake struck the southern Philippines, killing at least six people and sending thousands fleeing for safety. Residents of the southern town of Surigao in Mindanao island spent th
Published 12 Feb, 2017 12:00am
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