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Archive - 2018-01-02
London Bridge train station
Featured Photos

London Bridge train station

Commuters walk through an archway at London Bridge train station in London, Britain January 2, 2018. Copyright R
Published 02 Jan, 2018 06:55pm
Ice Eagle
Featured Photos

Ice Eagle

A contestant carves ice sculpture during an international ice sculpture competition in Harbin, capital of northeast
Published 02 Jan, 2018 05:46pm
Saudi Arabia a time-tested friend
Pakistan Top News

Saudi Arabia a time-tested friend

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Tuesday said Saudi Arabia was a time-tested friend of Pakis
Published 02 Jan, 2018 04:02pm
Hopman Cup scores
Sports

Hopman Cup scores

PERTH: Scores from the Hopman Cup mixed teams tournament in Perth on Tuesday: Group B Switzerland bt Russia 3-0
Published 02 Jan, 2018 03:10pm
Sweet dreams
Featured Photos

Sweet dreams

Two monkeys squeeze themselves while sitting on tree at Margallah Hills during chilled weather in Federal Capital.
Published 02 Jan, 2018 02:50pm
Petroleum prices
Oil and Gas

Petroleum prices

The petroleum product prices have proved to be the first casualty of the rupee depreciation. The 5.2 percent increase in
Published 02 Jan, 2018 08:32am
At least eight dead as passenger boat capsizes in Indonesia

At least eight dead as passenger boat capsizes in Indonesia

At least eight people died and several others remain missing after a passenger boat capsized off the coast of Borneo on Monday, an official said, in the latest deadly maritime accident in Indonesia. The ferry was carrying some 45 people when it sank just
Published 02 Jan, 2018 12:00am
Four killed in London New Year knife violence

Four killed in London New Year knife violence

Four young men were stabbed to death in unrelated incidents in London on New Year's Eve, while a fifth is in a critical condition in hospital, police said Monday. The unusually concentrated spate of violence will add to growing concerns about knife crime
Published 02 Jan, 2018 12:00am
Blaze destroys hundreds of cars, melts floors of Liverpool car park

Blaze destroys hundreds of cars, melts floors of Liverpool car park

Hundreds of cars were reduced to burned-out shells in a dramatic multi-storey blaze in a car park on the waterfront of the northwestern English city of Liverpool on New Year's Eve, emergency services said on Monday. Images showed the remains of vehicles a
Published 02 Jan, 2018 12:00am
German New Year firecrackers kill two

German New Year firecrackers kill two

Firecrackers left two people dead, a child injured and five people requiring amputations during New Year celebrations in Germany, police and emergency services said Monday. A 35-year-old man and a 19-year-old died when fireworks went off in their faces in
Published 02 Jan, 2018 12:00am
Indian state leaves 13 millions citizens off register

Indian state leaves 13 millions citizens off register

Around 13 million people living in northeastern India's largest state have been left off a controversial draft list of citizens released Monday by authorities, who are under pressure to identify and expel illegal immigrants. Assam has long struggled to cu
Published 02 Jan, 2018 12:00am
Freezing New York welcomes 2018 with tightest security

Freezing New York welcomes 2018 with tightest security

Some two million people braved New York's coldest New Year weather for a century to welcome 2018 in Times Square, with police enforcing intensely strict security. Residents and tourists faced the worst New Year freeze since 1917, with temperatures of nine
Published 02 Jan, 2018 12:00am
Two Christians killed in New Year attack in Egypt

Two Christians killed in New Year attack in Egypt

A gunman killed two Copts celebrating the New Year in an Egyptian alcohol shop early on Monday, judicial and security sources said, the latest deadly violence against the Christian minority. The shooting came just three days after a gunman, identified as
Published 02 Jan, 2018 12:00am
Wall Street rally on pause, but more gains seen in 2018

Wall Street rally on pause, but more gains seen in 2018

A more than eight-year bull market on Wall Street will simmer for the rest of 2017 before picking up again next year, said strategists in a Reuters poll who were optimistic about corporate profits but concerned about slow tax reform progress. The benchmar
Published 02 Jan, 2018 12:00am
European funds still hungry for eurozone assets, eye inflation risk

European funds still hungry for eurozone assets, eye inflation risk

European fund managers raised their eurozone equity exposure to three-month highs in December, cheered by growth even if many fear that an ongoing inflation pick-up could lead to more hawkish central bank policy next year. A Reuters monthly asset allocati
Published 02 Jan, 2018 12:00am
European funds still hungry for eurozone assets, eye inflation risk

European funds still hungry for eurozone assets, eye inflation risk

European fund managers raised their eurozone equity exposure to three-month highs in December, cheered by growth even if many fear that an ongoing inflation pick-up could lead to more hawkish central bank policy next year. A Reuters monthly asset allocati
Published 02 Jan, 2018 12:00am
UK investors stick with stocks at end of bumper year
Currency

UK investors stick with stocks at end of bumper year

Having enjoyed stellar equity returns in 2017, UK investors lifted their stock allocations even further in December, a Reuters poll showed, though some cited political risk as a reason to cut exposure to European and British markets. The Reuters monthly s
Published 02 Jan, 2018 12:00am
China funds cut equity exposure

China funds cut equity exposure

Chinese fund managers cut their suggested equity exposure for the next three months to the lowest level in more than one year, amid worries over tightening liquidity and profit-taking by institutional investors as the year-end approaches.
Published 02 Jan, 2018 12:00am
China funds cut equity exposure

China funds cut equity exposure

Chinese fund managers cut their suggested equity exposure for the next three months to the lowest level in more than one year, amid worries over tightening liquidity and profit-taking by institutional investors as the year-end approaches.
Published 02 Jan, 2018 12:00am
World markets closed

World markets closed

The world's stocks, financial and commodity markets in New York, London, Europe, China, Tokyo and others were closed on Monday due to New Year holidays. Markets resume normal trading from Tuesday.
Published 02 Jan, 2018 12:00am
Indian shares little changed

Indian shares little changed

Indian shares were nearly unchanged on Monday, with gains in healthcare and consumer stocks offset by losses in the information technology sector. The broader NSE index was down 0.02 percent at 10,528.70 as of 0535 GMT, while the benchmark BSE index was 0
Published 02 Jan, 2018 12:00am
Japan fund managers increase stock exposure in December

Japan fund managers increase stock exposure in December

Japanese fund managers increased their overall exposure to stocks in their model portfolios in December while reducing bond holdings, a Reuters poll showed. Respondents on average allocated 49.7 percent of their portfolios to equities in December, compare
Published 02 Jan, 2018 12:00am
Japan fund managers increase stock exposure in December

Japan fund managers increase stock exposure in December

Japanese fund managers increased their overall exposure to stocks in their model portfolios in December while reducing bond holdings, a Reuters poll showed. Respondents on average allocated 49.7 percent of their portfolios to equities in December, compare
Published 02 Jan, 2018 12:00am
A strong year for stocks, but no joy for the dollar
Currency

A strong year for stocks, but no joy for the dollar

Markets are ending 2017 in a party mood after a pick-up in global growth boosted corporate profits and commodities, while tame inflation kept central banks from snatching away the punch bowl of easy monetary policy. MSCI's world equity index, which tracks
Published 02 Jan, 2018 12:00am
Saudi shares fall after gasoline price hike

Saudi shares fall after gasoline price hike

Saudi Arabia's stock market fell on Monday after the government sharply raised domestic gasoline prices, a step that will help to cut its budget deficit but will also crimp consumers' purchasing power. The Saudi stock index dropped 0.5 percent in active t
Published 02 Jan, 2018 12:00am
2018, the year of the active fund manager?
Exchange

2018, the year of the active fund manager?

After years of struggling to beat the index, 2018 should be the year active fund managers earn their spurs. Market volatility will finally pick up from record low levels, US economic uncertainty will deepen as the expansion becomes the longest in history
Published 02 Jan, 2018 12:00am
2018, the year of the active fund manager?
Exchange

2018, the year of the active fund manager?

After years of struggling to beat the index, 2018 should be the year active fund managers earn their spurs. Market volatility will finally pick up from record low levels, US economic uncertainty will deepen as the expansion becomes the longest in history
Published 02 Jan, 2018 12:00am
Hong Kong eyes blockbuster China tech IPO queue
Exchange

Hong Kong eyes blockbuster China tech IPO queue

Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalisation of some $500 billion over the next two years, in a sharp contrast to 2017 - the city's worst year for raising equity in a decade.
Published 02 Jan, 2018 12:00am
Halep, Sharapova off to flying 2018 starts

Halep, Sharapova off to flying 2018 starts

World number one Simona Halep began the year in emphatic style with a 6-4, 6-1 victory over Nicole Gibbs as Maria Sharapova also romped through her first-round match at the Shenzhen Open on Monday. Romania's Halep, who will be seeking her maiden Grand Sla
Published 02 Jan, 2018 12:00am
Lieutenant General Shah Rafi Alam Memorial Polo Cup begins

Lieutenant General Shah Rafi Alam Memorial Polo Cup begins

The Outfitter, sponsored Lieutenant General Shah Rafi Alam Memorial Polo Cup 2017 will roll into action here at the Lahore Polo Club (LPC) ground from Tuesday (today). Top nine teams have been taking part in the event, which are divided into two pools. Po
Published 02 Jan, 2018 12:00am
Defence Authority Public School holds Pre Primary Sports Day

Defence Authority Public School holds Pre Primary Sports Day

A thrilling and colourful Sports Day was organized by Pre-Primary Section of Defence Authority Public School (O&A Levels), Seaview in the beautiful sporting environment of Defence Authority Zamzama Club's Stadium. Captain Sajid Mahmood (retd)) PN, Additio
Published 02 Jan, 2018 12:00am
Ball tampering claims 'ridiculous': Anderson

Ball tampering claims 'ridiculous': Anderson

England pace bowler James Anderson has described as "ridiculous" accusations that he was involved in tampering with the ball during the drawn fourth Ashes test against Australia in Melbourne last week. The 35-year-old was shown on television appearing to
Published 02 Jan, 2018 12:00am
Steyn waits to see if he will get chance to break test record

Steyn waits to see if he will get chance to break test record

Dale Steyn has been close to the milestone for more than a year now but, at the age of 34, time is running out for the speed merchant to become South Africa's most prolific wicket taker. Steyn's 417 test-wicket haul is just four shy of the South African r
Published 02 Jan, 2018 12:00am
Nadal to make Australian return in exhibition event

Nadal to make Australian return in exhibition event

World number one Rafa Nadal, who is struggling to get any match practice before the Australian Open, will play an exhibition event at Melbourne Park in the week leading up to the season opening grand slam, organisers said on Monday. The 31-year-old Spania
Published 02 Jan, 2018 12:00am
New Zealand, West Indies T20 abandoned

New Zealand, West Indies T20 abandoned

The second Twenty20 between New Zealand and the West Indies ended as a no-result washout at Mount Maunganui on Monday. After a 20-minute rain delay at the start, only nine overs were possible before the rain returned and the umpires took the players from
Published 02 Jan, 2018 12:00am
Stokes given nod to play in IPL

Stokes given nod to play in IPL

England all-rounder Ben Stokes will be eligible to play in the Indian Premier League despite still waiting to hear if he will be charged over an incident last year. The 26-year-old has missed the ongoing Ashes series after being banned from international
Published 02 Jan, 2018 12:00am
Bangladesh revoke Sabbir's contract over assault

Bangladesh revoke Sabbir's contract over assault

Bangladesh batsman Sabbir Rahman has had his central contract revoked for assaulting a young cricket fan who taunted him during a match last month. The 26-year-old was also slapped with a six-month ban from the domestic game and a fine of two million taka
Published 02 Jan, 2018 12:00am
Brazil's road to redemption faces European resistance in Russia

Brazil's road to redemption faces European resistance in Russia

A rejuvenated Brazil looking to heal the wounds of home soil humiliation four years ago will lead the South American charge for the World Cup in 2018, but a slew of European powerhouses stand in the way of redemption in Russia. Germany thrashed Brazil 7-1
Published 02 Jan, 2018 12:00am
Klavan late show lifts Liverpool, Hughes under fire

Klavan late show lifts Liverpool, Hughes under fire

Ragnar Klavan's last-gasp goal gave Liverpool a dramatic 2-1 win at Burnley, while Stoke manager Mark Hughes faced calls for his sacking after a 1-0 defeat against Newcastle on Monday. With Philippe Coutinho and Mohamed Salah missing due to thigh and groi
Published 02 Jan, 2018 12:00am
Kerber makes a fresh start in 2018 with Hopman Cup win
Kerb

Kerber makes a fresh start in 2018 with Hopman Cup win

Former world number one Angelique Kerber put a testing 2017 behind her on Monday, kicking off the new year with a fighting singles win as Germany beat Belgium 2-1 at the mixed teams Hopman Cup in Perth. The 29-year-old gave her country an early lead in th
Published 02 Jan, 2018 12:00am
Inter-university women hockey contest today

Inter-university women hockey contest today

Punjab University is hosting 4-day 3rd All Pakistan Inter University Higher Education Commission (HEC) Women's Hockey Championship from January 2 to 5. In this regard, an inaugural ceremony will be held on Tuesday (today) at 9am at Johar Town Hockey Stadi
Published 02 Jan, 2018 12:00am
California launches legal sale of cannabis for recreational use

California launches legal sale of cannabis for recreational use

California will launch the world's largest regulated commercial market for recreational marijuana on Monday, as dozens of newly licensed stores catering to adults who enjoy the drug for its psychoactive effects open for business up and down the state. It
Published 02 Jan, 2018 12:00am
Iraq's oil exports from southern oilfields hit record 3.535 millions bpd

Iraq's oil exports from southern oilfields hit record 3.535 millions bpd

Oil exports from Iraq's southern Basra ports rose to a record high of 3.535 million barrels per day (bpd) in December from 3.5 million bpd the previous month, two oil officials said on Monday. Southern exports are on the rise as Iraq seeks to offset the h
Published 02 Jan, 2018 12:00am
China box office posts turnaround in 2017 with 13 percent growth

China box office posts turnaround in 2017 with 13 percent growth

China's movie box office revenue rose 13.45 percent last year to 55.91 billion yuan ($8.59 billion), more than tripling the 2016 growth rate as foreign films won a larger share of ticket sales compared to the previous year, said the Xinhua News Agency. Do
Published 02 Jan, 2018 12:00am
Spain says Catalan crisis cost 'a billion euros'

Spain says Catalan crisis cost 'a billion euros'

Spain's foreign minister claimed Monday that the Catalan independence crisis had cost the country "a billion" euros as fallout from the turmoil continued to hamper growth in the wealthy region. Luis de Guindos said slowdown in growth in Catalonia, which a
Published 02 Jan, 2018 12:00am
Macron vows to keep up pace of reforms

Macron vows to keep up pace of reforms

French President Emmanuel Macron vowed on Sunday to rapidly push through economic and political changes in France over the coming months and said he would seek to jolt Europe into reforming too. The televised New Year's speech was the 40-year-old presiden
Published 02 Jan, 2018 12:00am
French 2017 car registrations up, diesel share below 50 percent

French 2017 car registrations up, diesel share below 50 percent

New passenger car registrations in France rose 4.74 percent to more than two million vehicles in 2017 but the share of new diesel cars fell below 50 percent for the first time since 2000, industry data showed on Monday. December registrations fell 0.51 pe
Published 02 Jan, 2018 12:00am
Saudi Arabia hikes gasoline prices

Saudi Arabia hikes gasoline prices

Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported. The initiative, aimed at more efficient energy use, coincides with an ambitious reform plan to boost sources of revenue and wean the world's top crude exporter
Published 02 Jan, 2018 12:00am
Egypt 2017 trade deficit falls 26 percent
Currency

Egypt 2017 trade deficit falls 26 percent

Egypt's 2017 trade deficit fell 26 percent year on year by $12 billion, the trade ministry said on Monday. Imports declined in the first 11 months of 2017 to $51 billion from $61 billion the same period in 2016, and exports increased to $20.4 billion from
Published 02 Jan, 2018 12:00am
Bulgaria expects fiscal surplus of 0.8 percent

Bulgaria expects fiscal surplus of 0.8 percent

Bulgaria expects a fiscal surplus of 0.8 percent of gross domestic product this year, the finance ministry said on Friday, indicating it will outperform its updated target for a balanced budget as the economy grows strongly.
Published 02 Jan, 2018 12:00am
Mauritania revamps currency
Currency

Mauritania revamps currency

Small lines formed at banks in Mauritania on New Year's Day as customers withdrew new banknotes and swapped cheque books after the government revamped the currency, the ouguiya, in a bid to fight inflation. Ten ouguiyas became one ouguiya as of January 1,
Published 02 Jan, 2018 12:00am
South Korea exports climb for 14th month, wrap up record 2017

South Korea exports climb for 14th month, wrap up record 2017

Soaring global demand for memory chips and petrochemicals helped South Korea's exports surge 8.9 percent in December, lifting its 2017 shipments to the highest on record in value terms. Exports for the year as a whole jumped $573.9 billion or 15.8 percent
Published 02 Jan, 2018 12:00am
Forget Bitcoin bubble - will Fevertree go pop?
Exchange

Forget Bitcoin bubble - will Fevertree go pop?

A carbonated drinks manufacturer is always in bubble territory. But after a 1,450 percent share price rise since a late-2014 market debut, arguably none is looking as frothy as upmarket tonic water and mixers maker Fevertree Drinks.
Published 02 Jan, 2018 12:00am
Forget Bitcoin bubble - will Fevertree go pop?
Exchange

Forget Bitcoin bubble - will Fevertree go pop?

A carbonated drinks manufacturer is always in bubble territory. But after a 1,450 percent share price rise since a late-2014 market debut, arguably none is looking as frothy as upmarket tonic water and mixers maker Fevertree Drinks.
Published 02 Jan, 2018 12:00am
Philippines plans to raise $1 billion via global bonds in 2018

Philippines plans to raise $1 billion via global bonds in 2018

The Philippines plans to issue $1 billion in sovereign bonds to help finance next year's record budget, National Treasurer Rosalia de Leon said. Borrowing from both domestic and foreign sources was expected to reach a total 888 billion pesos ($17.45 billi
Published 02 Jan, 2018 12:00am
Philippines plans to raise $1 billion via global bonds in 2018

Philippines plans to raise $1 billion via global bonds in 2018

The Philippines plans to issue $1 billion in sovereign bonds to help finance next year's record budget, National Treasurer Rosalia de Leon said. Borrowing from both domestic and foreign sources was expected to reach a total 888 billion pesos ($17.45 billi
Published 02 Jan, 2018 12:00am
Growth, rate hikes to jack up main CEE currencies

Growth, rate hikes to jack up main CEE currencies

Central Europe's robust and stable economic growth is expected to boost the crown, zloty and forint in 2018, with the former two also getting help from likely monetary tightening, a Reuters poll found. The median forecasts in a December 1-6 Reuters poll o
Published 02 Jan, 2018 12:00am
Foreigners become bigger JGB holders than Japan banks
Exchange

Foreigners become bigger JGB holders than Japan banks

Foreign investors have become bigger holders of Japanese government bonds (JGBs) than Japanese banks for the first time on record, latest data showed, highlighting their increasing influence in the 1,100 trillion yen ($9.70 trillion) market. Data released
Published 02 Jan, 2018 12:00am
Foreigners become bigger JGB holders than Japan banks
Exchange

Foreigners become bigger JGB holders than Japan banks

Foreign investors have become bigger holders of Japanese government bonds (JGBs) than Japanese banks for the first time on record, latest data showed, highlighting their increasing influence in the 1,100 trillion yen ($9.70 trillion) market. Data released
Published 02 Jan, 2018 12:00am
Russia scraps limits on forex swaps from 2018
Currency

Russia scraps limits on forex swaps from 2018

The Russian central bank said on Friday it will scrap limits for foreign currency swaps it offers from 2018 as the situation on the domestic forex market has stabilised. From December 19, 2014 the central bank provided no more than $10 billion in foreign
Published 02 Jan, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 82.70-82.70 (Previous 82.70-82.70).
Published 02 Jan, 2018 12:00am
South Africa's rand, stocks end 2017 on high note
Currency

South Africa's rand, stocks end 2017 on high note

South Africa's rand was firmer on Friday, the last trading day of the year, as continued volatility in low liquidity conditions saw the currency touch and then retreat from levels near its 2-1/2 year best. At 1100 GMT the rand was 0.8 percent firmer at 12
Published 02 Jan, 2018 12:00am
South Africa's rand, stocks end 2017 on high note
Currency

South Africa's rand, stocks end 2017 on high note

South Africa's rand was firmer on Friday, the last trading day of the year, as continued volatility in low liquidity conditions saw the currency touch and then retreat from levels near its 2-1/2 year best. At 1100 GMT the rand was 0.8 percent firmer at 12
Published 02 Jan, 2018 12:00am
Forget Bitcoin bubble - will Fevertree go pop?
Exchange

Forget Bitcoin bubble - will Fevertree go pop?

A carbonated drinks manufacturer is always in bubble territory. But after a 1,450 percent share price rise since a late-2014 market debut, arguably none is looking as frothy as upmarket tonic water and mixers maker Fevertree Drinks.
Published 02 Jan, 2018 12:00am
Forget Bitcoin bubble - will Fevertree go pop?
Exchange

Forget Bitcoin bubble - will Fevertree go pop?

A carbonated drinks manufacturer is always in bubble territory. But after a 1,450 percent share price rise since a late-2014 market debut, arguably none is looking as frothy as upmarket tonic water and mixers maker Fevertree Drinks.
Published 02 Jan, 2018 12:00am
Philippines plans to raise $1 billion via global bonds in 2018

Philippines plans to raise $1 billion via global bonds in 2018

The Philippines plans to issue $1 billion in sovereign bonds to help finance next year's record budget, National Treasurer Rosalia de Leon said. Borrowing from both domestic and foreign sources was expected to reach a total 888 billion pesos ($17.45 billi
Published 02 Jan, 2018 12:00am
Philippines plans to raise $1 billion via global bonds in 2018

Philippines plans to raise $1 billion via global bonds in 2018

The Philippines plans to issue $1 billion in sovereign bonds to help finance next year's record budget, National Treasurer Rosalia de Leon said. Borrowing from both domestic and foreign sources was expected to reach a total 888 billion pesos ($17.45 billi
Published 02 Jan, 2018 12:00am
Growth, rate hikes to jack up main CEE currencies

Growth, rate hikes to jack up main CEE currencies

Central Europe's robust and stable economic growth is expected to boost the crown, zloty and forint in 2018, with the former two also getting help from likely monetary tightening, a Reuters poll found. The median forecasts in a December 1-6 Reuters poll o
Published 02 Jan, 2018 12:00am
Foreigners become bigger JGB holders than Japan banks
Exchange

Foreigners become bigger JGB holders than Japan banks

Foreign investors have become bigger holders of Japanese government bonds (JGBs) than Japanese banks for the first time on record, latest data showed, highlighting their increasing influence in the 1,100 trillion yen ($9.70 trillion) market. Data released
Published 02 Jan, 2018 12:00am
Foreigners become bigger JGB holders than Japan banks
Exchange

Foreigners become bigger JGB holders than Japan banks

Foreign investors have become bigger holders of Japanese government bonds (JGBs) than Japanese banks for the first time on record, latest data showed, highlighting their increasing influence in the 1,100 trillion yen ($9.70 trillion) market. Data released
Published 02 Jan, 2018 12:00am
Russia scraps limits on forex swaps from 2018
Currency

Russia scraps limits on forex swaps from 2018

The Russian central bank said on Friday it will scrap limits for foreign currency swaps it offers from 2018 as the situation on the domestic forex market has stabilised. From December 19, 2014 the central bank provided no more than $10 billion in foreign
Published 02 Jan, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 82.70-82.70 (Previous 82.70-82.70).
Published 02 Jan, 2018 12:00am
South Africa's rand, stocks end 2017 on high note
Currency

South Africa's rand, stocks end 2017 on high note

South Africa's rand was firmer on Friday, the last trading day of the year, as continued volatility in low liquidity conditions saw the currency touch and then retreat from levels near its 2-1/2 year best. At 1100 GMT the rand was 0.8 percent firmer at 12
Published 02 Jan, 2018 12:00am
South Africa's rand, stocks end 2017 on high note
Currency

South Africa's rand, stocks end 2017 on high note

South Africa's rand was firmer on Friday, the last trading day of the year, as continued volatility in low liquidity conditions saw the currency touch and then retreat from levels near its 2-1/2 year best. At 1100 GMT the rand was 0.8 percent firmer at 12
Published 02 Jan, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 273,031 tonnes of cargo comprising 239,764 tonnes of import cargo and 33,267 tonnes of export cargo including 8,835 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 239
Published 02 Jan, 2018 12:00am
China's war on smog lifts prices of metals, LNG

China's war on smog lifts prices of metals, LNG

Industrial metals, liquefied natural gas and steel are set to finish 2017 on top of the world as a crackdown on pollution in China, the world's no.2 economy, boosts demand for cleaner fossil fuels and raw materials vital to clean-tech industries. For 2018
Published 02 Jan, 2018 12:00am
China's war on smog lifts prices of metals, LNG

China's war on smog lifts prices of metals, LNG

Industrial metals, liquefied natural gas and steel are set to finish 2017 on top of the world as a crackdown on pollution in China, the world's no.2 economy, boosts demand for cleaner fossil fuels and raw materials vital to clean-tech industries. For 2018
Published 02 Jan, 2018 12:00am
OBS expands its Singapore bunker fleet

OBS expands its Singapore bunker fleet

Ocean Bunkering Services (OBS) Pte Ltd said it will add five bunker barges to its fleet as part of plans to expand in Singapore, the world's largest marine refuelling market. OBS, the bunkering arm of Singapore oil trader and shipper Hin Leong Group, said
Published 02 Jan, 2018 12:00am
Russia's beet sugar output seen to rise to new record

Russia's beet sugar output seen to rise to new record

Russia's sugar production from its own beet is expected to rise to a new record of 6.6 million tonnes in the 2017/18 marketing season which started on August 1, up from 6.2 million tonnes in the previous season, its Sugar Producers' Union said. The countr
Published 02 Jan, 2018 12:00am
Ukraine revises maize exports forecast

Ukraine revises maize exports forecast

The UkrAgroConsult agriculture consultancy has revised its forecast for Ukraine's 2017/18 maize exports to 19.3 to 19.5 tonnes, down from a previous forecast of 19.5 million tonnes. The ministry of agriculture has said Ukraine harvested 25.2 million tonne
Published 02 Jan, 2018 12:00am
China issues first batch of crude oil import quotas for 2018

China issues first batch of crude oil import quotas for 2018

China has issued crude oil import quotas totalling 121.32 million tonnes for 44 companies in its first batch of allowances for 2018, according to a source with direct knowledge of the matter and documents reviewed by Reuters on Thursday. State-owned ChemC
Published 02 Jan, 2018 12:00am
Canadian canola narrowly higher

Canadian canola narrowly higher

ICE Canada canola was narrowly higher on Friday, rebounding from an earlier six-month low on end-of-year positioning and commercial demand, traders said. For the year, canola on a continuous chart declined about 3.3 percent, the first annual decline since
Published 02 Jan, 2018 12:00am
CBOT corn ends 2017 nearly unchanged

CBOT corn ends 2017 nearly unchanged

The front Chicago Board of Trade corn futures contract settled on Friday at $3.50-3/4 per bushel, nearly unchanged from its end-2016 close of $3.52 as plentiful US and global supplies hung over the market, capping rallies. The front CBOT March corn contra
Published 02 Jan, 2018 12:00am
Rains favour Brazil's 2018/2019 coffee crop - Cepea

Rains favour Brazil's 2018/2019 coffee crop - Cepea

Rains in December have helped the development of Brazil's 2018/19 arabica coffee crop in all producing regions surveyed by research center Cepea, following dry weather in certain areas, according to a statement on Tuesday. In the Cerrado Mineiro and Mogia
Published 02 Jan, 2018 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot basis bids for hard red winter (HRW) wheat on Friday in the southern US Plains were unchanged and tranquil leading into the three-day New Year's holiday weekend, dealers said. The Chicago Board of Trade's K.C. March HRW wheat futures contract at 12:3
Published 02 Jan, 2018 12:00am
Cotton prices hit season's new high
Cotton

Cotton prices hit season's new high

Prices hit fresh high on the cotton market on Monday as the ginners were not interested in new selling in expectations of further rise in the rates, dealers said. The official spot rate picked up Rs 200 to Rs 7500 in a single day rally, they said. In read
Published 02 Jan, 2018 12:00am
US natural gas futures mark best week in 2017

US natural gas futures mark best week in 2017

US natural gas futures rose on Friday, notching the biggest weekly gain in a year as surprisingly frigid winter temperatures boosted heating demand, but record gas production this year pressured futures into an annual decline of nearly 21 percent for 2017
Published 02 Jan, 2018 12:00am
EU wheat ends 2017 with fifth straight annual loss
Exchange

EU wheat ends 2017 with fifth straight annual loss

European wheat futures ended 2017 with a fifth straight annual loss due to abundant world supplies, notably in major competitor Russia, and after a strong euro hampered export demand this season. Front-month March milling wheat on the Paris-based Euronext
Published 02 Jan, 2018 12:00am
CBOT soyabean futures yearly down four percent

CBOT soyabean futures yearly down four percent

Front-month soyabean futures on the Chicago Board of Trade rose Friday on short-covering ahead of a long holiday weekend on strength in soyaoil, but posted a yearly decline about 4 percent, reflecting bumper US and South American harvests. The spot Januar
Published 02 Jan, 2018 12:00am
US FOB Gulf corn, soyabean bids higher

US FOB Gulf corn, soyabean bids higher

Basis bids for corn and soyabeans shipped by barge to the US Gulf Coast were higher for the third straight session on Friday amid worries that vessel traffic will slow next week on the icy Illinois River, traders said. Barges likely will be delayed on the
Published 02 Jan, 2018 12:00am
CBOT wheat ends 2017 up nearly five percent

CBOT wheat ends 2017 up nearly five percent

Front-month Chicago Board of Trade wheat futures drifted lower Friday in thin technical trade but recorded a yearly rise of nearly 5 percent, halting a four-year slide tied to persistently large global inventories. The spot March contract fell 3/4 cent Fr
Published 02 Jan, 2018 12:00am
Soyameal eases on European feeds market
Currency

Soyameal eases on European feeds market

Soyameal on the European meals and feeds market eased on Friday, the last trading day of 2017, tracking weaker CBOT soyameal futures at the previous close on benign crop weather in South America. The market will be closed for the New Year break and will r
Published 02 Jan, 2018 12:00am
Asia's naphtha crack at three-week high

Asia's naphtha crack at three-week high

Asia's naphtha crack was near a three-week high of $125.30 a tonne on Friday, bringing 2017's average crack level to $87.60 a tonne, higher versus 2016 but lower when compared to 2015. This year's crack value was dragged down between May and July because
Published 02 Jan, 2018 12:00am
Supply discipline and demand to prop up oil prices in 2018

Supply discipline and demand to prop up oil prices in 2018

Opec and Russia's efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel in 2018, a Reuters poll of analysts showed on Thursday. The survey of 32 economists and analysts
Published 02 Jan, 2018 12:00am
Investors wean themselves off oil as electric future beckons
Exchange

Investors wean themselves off oil as electric future beckons

European oil shares, having been for so long the dividend darlings of income funds, are losing their pulling power as investors take another look at the long term future of energy companies focused on fossil fuels. A proposal by the world's largest $1 tri
Published 02 Jan, 2018 12:00am
Deja vu for soyabean market over Argentine dryness
Exchange

Deja vu for soyabean market over Argentine dryness

There is something about Argentina's weather that gives soyabean traders short attention spans. And sure enough, the recent dryness is causing a stir. Concerns that Argentina's soyabean output is genuinely in danger are premature as the crop is only half-
Published 02 Jan, 2018 12:00am
US oil rig count ends 2017 40 percent above year-ago levels

US oil rig count ends 2017 40 percent above year-ago levels

The US oil rig count rose by about 42 percent by end-2017 compared to the corresponding period last year, as energy companies boosted spending amid a recovery in crude prices. Drillers held the number of oil rigs steady for a second straight week at 747 i
Published 02 Jan, 2018 12:00am
Vietnam 2017 coffee exports down

Vietnam 2017 coffee exports down

Vietnam's coffee exports for 2017 are estimated to have fallen 20.1 percent from the previous year, while rice shipments have risen 21.9 percent, the government said on Wednesday. Coffee exports from Vietnam will drop an estimated 20.1 percent in 2017 fro
Published 02 Jan, 2018 12:00am
Kazakhstan to buy 2 million tonnes of wheat from its farmers

Kazakhstan to buy 2 million tonnes of wheat from its farmers

Kazakhstan's state grain trader will buy 2 million tonnes of milling wheat from local farmers at 42,000 tenge ($126) per tonne, the government said on Tuesday, after a record crop in Russia put pressure on the market. Russia, Kazakhstan and Ukraine form t
Published 02 Jan, 2018 12:00am
Argentina forecasts soya crop at 53 million tonnes

Argentina forecasts soya crop at 53 million tonnes

Argentina is expected to harvest 53 million tonnes of soyabean, its largest cash crop, in the 2017/18 season, the agriculture ministry said in a statement on Friday. Government estimates put wheat production for 2017/18 at 18 million tonnes, and corn prod
Published 02 Jan, 2018 12:00am
Ineos sees Forties oil flows back to normal around New Year

Ineos sees Forties oil flows back to normal around New Year

Britain's biggest and most important oil and gas pipeline Forties should resume normal flows around the new year, slightly earlier than previously flagged, its operator Ineos said on Thursday. Ineos had previously expected the pipeline, which suffered a r
Published 02 Jan, 2018 12:00am
Bakers, farmers struggle to make any dough on poor wheat crop

Bakers, farmers struggle to make any dough on poor wheat crop

Chicago's iconic sandwiches - Italian beef heroes dripping with gravy, and hot dogs loaded with pickles and hot peppers - wouldn't be such culinary institutions without the bread. But this fall, bakers faced a crisis getting the right kind of bread to del
Published 02 Jan, 2018 12:00am
Extra port capacity to boost Russia's grain exports in five years

Extra port capacity to boost Russia's grain exports in five years

The expansion of grain export capacity at Russian ports will boost the country's grain shipments by 30 million tonnes annually from 2022, Agriculture Minister Alexander Tkachev was quoted as saying last Tuesday. Russia is one of the world's largest wheat
Published 02 Jan, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 02 Jan, 2018 12:00am
THE RUPEE: rates slip
Currency

THE RUPEE: rates slip

The rupee drifted lower against the dollar on the money market on Monday in the process of trading, dealers said. The rupee shed 10 paisas in relation to the dollar for buying and selling at Rs 110.60 and Rs 110.90, they said.
Published 02 Jan, 2018 12:00am
THE RUPEE: rates slip
Currency

THE RUPEE: rates slip

The rupee drifted lower against the dollar on the money market on Monday in the process of trading, dealers said. The rupee shed 10 paisas in relation to the dollar for buying and selling at Rs 110.60 and Rs 110.90, they said.
Published 02 Jan, 2018 12:00am
Election law: Petitions admitted for hearing

Election law: Petitions admitted for hearing

Accepting identical pleas challenging the Election Act 2017, Chief Justice Mian Saqib Nisar observed on Monday that Supreme Court cannot overstep its constitutional limits but can only examine a law that is in contrast with fundamental human rights. Headi
Published 02 Jan, 2018 12:00am
Election law: Petitions admitted for hearing

Election law: Petitions admitted for hearing

Accepting identical pleas challenging the Election Act 2017, Chief Justice Mian Saqib Nisar observed on Monday that Supreme Court cannot overstep its constitutional limits but can only examine a law that is in contrast with fundamental human rights. Headi
Published 02 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 01, 2018).

Published 02 Jan, 2018 12:00am
Saudi, UAE introduce VAT in first for Gulf

Saudi, UAE introduce VAT in first for Gulf

Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system. Saudi Arabia compounded the New Year blow for motorists with an unannounce
Published 02 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 01, 2018).

Published 02 Jan, 2018 12:00am
Saudi, UAE introduce VAT in first for Gulf

Saudi, UAE introduce VAT in first for Gulf

Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system. Saudi Arabia compounded the New Year blow for motorists with an unannounce
Published 02 Jan, 2018 12:00am
Saudi, UAE introduce VAT in first for Gulf

Saudi, UAE introduce VAT in first for Gulf

Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system. Saudi Arabia compounded the New Year blow for motorists with an unannounce
Published 02 Jan, 2018 12:00am
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