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Archive - 2018-02-25
Mexico to host ''difficult'' new round of NAFTA talks

Mexico to host ''difficult'' new round of NAFTA talks

Negotiators from the United States, Mexico and Canada open a new round of talks Sunday on overhauling the North American Free Trade Agreement, with the Mexican hosts already warning of turbulence. Mexican Economy Minister Ildefonso Guajardo said the reneg
Published 25 Feb, 2018 12:00am
North Korea: China says new US sanctions threaten cooperation

North Korea: China says new US sanctions threaten cooperation

China reacted with anger on Saturday to new US sanctions aimed at increasing pressure on nuclear-equipped North Korea, saying the unilateral targeting of Chinese firms and people risked harming cooperation on the problem. The United States said on Friday
Published 25 Feb, 2018 12:00am
North Korea: China says new US sanctions threaten cooperation

North Korea: China says new US sanctions threaten cooperation

China reacted with anger on Saturday to new US sanctions aimed at increasing pressure on nuclear-equipped North Korea, saying the unilateral targeting of Chinese firms and people risked harming cooperation on the problem. The United States said on Friday
Published 25 Feb, 2018 12:00am
Russia's IS alarm

Russia's IS alarm

Pakistan's Foreign Minister Khawaja Asif and Russian Foreign Minister Sergey Lavrov echoed each other's positions in a joint press conference in Moscow on February 20, 2018. They announced the setting up of a commission for promoting military cooperation
Published 25 Feb, 2018 12:00am
Nothing to cheer about

Nothing to cheer about

Transparency International released the other day its Corruption Perceptions Index for 2017 ranking Pakistan at 117th place out of 180 countries, just one notch higher from the previous year, reflecting almost no change. The report has come at time the is
Published 25 Feb, 2018 12:00am
It's too early to drive EVs
Exchange

It's too early to drive EVs

Electrical vehicles are getting increasingly popular by the day. EVs' population in the world doubled in 2016 to 2 million from 1 million a year earlier. There are 12 countries where market share of EVs is already more than 1%, with Norway leading at 27%.
Published 25 Feb, 2018 12:00am
Gun glut: Industry's woes go beyond politics

Gun glut: Industry's woes go beyond politics

Just two days before the school shooting in Florida revived the US gun control debate, debt-plagued gunmaker Remington Outdoor announced it will file for bankruptcy. The financial woes of the more than 200-year-old company illustrate a paradox of the Trum
Published 25 Feb, 2018 12:00am
EU opens door for Balkan states, but hurdles remain

EU opens door for Balkan states, but hurdles remain

The European Union has offered some of the six Balkan states who hope to join the bloc the prospect of becoming new members by 2025, but warned them they still have many obstacles to overcome. The European Commission's roadmap for the region unveiled earl
Published 25 Feb, 2018 12:00am
Bureaucrats protest against colleague's arrest

Bureaucrats protest against colleague's arrest

How unfortunate it is that even civil service officers have to lodge protest under the extensive media glare following the arrest of Lahore Development Authority Chairman Ahad Cheema. Although Cheema has been accused of misusing authority to award a contr
Published 25 Feb, 2018 12:00am
Confrontation among institutions to be detrimental for country: Sherpao

Confrontation among institutions to be detrimental for country: Sherpao

Chairman Qaumi Watan Party Aftab Ahmad Khan Sherpao said that confrontation between the state and the institutions would be detrimental to the country's future and especially to the rights of Pakhtuns. He said this while addressing a party core committee
Published 25 Feb, 2018 12:00am
Asad Umar terms PTI a 'ray of hope for youth'

Asad Umar terms PTI a 'ray of hope for youth'

Pakistan Tehreek-e-Insaf (PTI) Central leader Asad Umar has said that his party has introduced system based on justice where one can get place as per his talent and there is no space for landlords and capitalists in PTI. He was addressing to huge gatherin
Published 25 Feb, 2018 12:00am
Four-year Bachelor's degree course introduced in KP colleges

Four-year Bachelor's degree course introduced in KP colleges

Khyber Pakhtunkhwa government has so far introduced four-year bachelor course in 100 colleges of the province and next year it would be extended to 100 more colleges. This has been stated on the floor of the provincial assembly in response to the question
Published 25 Feb, 2018 12:00am
FIA contacts Interpol to bring Haqqani back to Pakistan

FIA contacts Interpol to bring Haqqani back to Pakistan

The Federal Investigation Agency (FIA) has contacted Interpol to issue red warrant for former ambassador to the United States, Hussain Haqqani, who is accused of failing to appear before the court in the 'Memogate' scandal and staying in the United States
Published 25 Feb, 2018 12:00am
PFA 'Infant Formula Marketing Regulation 2017' enforced in Punjab

PFA 'Infant Formula Marketing Regulation 2017' enforced in Punjab

Punjab Food Authority Infant Formula Marketing Regulation 2017 has been enforced throughout the Punjab province in order to control the issues about infant formula here on Friday. PFA will not give any more space to infant formula manufactures, distributo
Published 25 Feb, 2018 12:00am
FATF dissatisfied over Indian reports: minister

FATF dissatisfied over Indian reports: minister

Interior Minister Ahsan Iqbal has said that FATF expressed its dissatisfaction over Indian reports regarding placement of Pakistan in the list of terror-financing countries. He was talking to media on Saturday. He said that Financial Action Task Force (FA
Published 25 Feb, 2018 12:00am
54 disabled persons provided jobs

54 disabled persons provided jobs

Director Social Welfare & Baitul Maal Muhammad Aslam Maitla has said that the Department has provided jobs to 54 disable persons in various government departments in Rawalpindi Division. He stated this while chairing a meeting held in the Directorate of S
Published 25 Feb, 2018 12:00am
PTI minister threatens to besiege Wapda House

PTI minister threatens to besiege Wapda House

Khyber Pakhtunkhwa Minister for Forests, Environment and Wildlife, Ishtiaq Urmar has asked federal government to resolve electricity problem in his constituency (Urmar Bala) before Monday (tomorrow), otherwise he will not hesitate to besiege WAPDA House w
Published 25 Feb, 2018 12:00am
18 crime cases reported in Islamabad

18 crime cases reported in Islamabad

Over nine cases of various kinds of thefts, dacoities and snatching at gunpoint, five cases of motor vehicle theft, three cases of kidnapping and one case of murder were reported to various police stations of the city during the last week. According to th
Published 25 Feb, 2018 12:00am
PBIF for privatisation of units incurring losses in billions

PBIF for privatisation of units incurring losses in billions

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain suggested that all those centralized units which are costing Rs 300 billion annual losses should be privatized where they will become profitable and play supporting role to
Published 25 Feb, 2018 12:00am
GSM participates in 'Biennial International Scientific Conference'

GSM participates in 'Biennial International Scientific Conference'

Greenstar Social Marketing (GSM) on Saturday participated in the 17th Biennial International Scientific Conference in Karachi to address issues related to Women Health. The conference themed "Women's Health is at the heart of National Development" was org
Published 25 Feb, 2018 12:00am
'Citizens lack awareness to solve daily issues'

'Citizens lack awareness to solve daily issues'

Experts on Saturday linked a continued data compilation to civic, economic and environmental development, saying that citizens widely lack awareness to solve their daily issues mainly related to municipal departments. At a concluding ceremony of the "Proj
Published 25 Feb, 2018 12:00am
Son of local partner of Chinese shipping company goes missing

Son of local partner of Chinese shipping company goes missing

The son of a local partner of a Chinese shipping company has gone missing from the city's Saddar area under mysterious circumstances. Police said they were notified of the man's disappearance two days ago, and confirmed that the missing person is the son
Published 25 Feb, 2018 12:00am
PAJCCI team led by Motiwala meets Secretary Commerce

PAJCCI team led by Motiwala meets Secretary Commerce

The delegation of Pakistan-Afghanistan Joint Chamber of Commerce & Industry (PAJCCI), led by Zubair Motiwala, Chairman & Khan Jan Alokozai, Co-Chairman met with the Secretary Commerce on Saturday at the Ministry of Commerce, Islamabad.
Published 25 Feb, 2018 12:00am
Dumping of industrial waste: factory owners face legal action

Dumping of industrial waste: factory owners face legal action

Owners of over 70 factories, releasing toxic industrial waste in Karachi's drains, were presented in front of the Sindh Water Commission on Saturday. The commission expressed its displeasure at the refusal of factory owners to allow Sindh Environmental Pr
Published 25 Feb, 2018 12:00am
Zubair urges political parties to help improve economy

Zubair urges political parties to help improve economy

Sindh Governor Mohammad Zubair Saturday said as the next general elections are round the corner, all major political parties must focus on their economic agenda with a clear vision to move the country forward. This he said while addressing a consultative
Published 25 Feb, 2018 12:00am
Bid to import betel nuts under guise of auto parts foiled

Bid to import betel nuts under guise of auto parts foiled

Model Customs Collectorate (MCC), Appraisement East Saturday foiled an attempt to import huge quantity of betel nuts under the guise of auto parts at Pakistan International Containers Terminal (PICT). According to details, the information, which was recei
Published 25 Feb, 2018 12:00am
Government urged to help LSD patients

Government urged to help LSD patients

The Lysosomal Storage Disorders Core committee and the panel of experts have requested President, Prime Minister, Governors, Chief Ministers and Health Ministers to support the patients of LSDs by providing the funds so that these victims can lead a norma
Published 25 Feb, 2018 12:00am
REAP to send trade delegations abroad

REAP to send trade delegations abroad

Rice Exporters Association of Pakistan (REAP) has decided to send trade delegations to Sri Lanka, Indonesia, Philippine and other countries to explore export opportunities. A high level meeting of REAP managing committee members and leading rice exporters
Published 25 Feb, 2018 12:00am
One terrorist killed, 11 arrested

One terrorist killed, 11 arrested

Under the ongoing Operation Raddul Fassad, FC personnel conducted intelligence-based operations (IBOs) in different areas of Balochistan, Inter-Services Public Relations, said in a press release on Saturday. The operation was carried out in the areas of Q
Published 25 Feb, 2018 12:00am
Political parties urged to accommodate women

Political parties urged to accommodate women

Representatives of Civil Society Organisation (CSOs) have demanded the political parties to accommodate maximum women on assembly seats and party offices. The demand was made by the Khyber Pakhtunkhwa Civil Society Working Group (KP-CSWG) during a meeting
Published 25 Feb, 2018 12:00am
Two held for running 'fake' news channel

Two held for running 'fake' news channel

The Federal Investigation Agency (FIA) claimed on Saturday claimed to have arrested two notorious criminals of a well-organised ring for running a fake news channel. According to the FIA spokesman, the accused persons, identified as Hafiz Muhammad Akmal a
Published 25 Feb, 2018 12:00am
LLF kicks-off at Alhamra

LLF kicks-off at Alhamra

The two-day Lahore Literary Festival (LLF), free and open to the public, kicked off at Alhamra Arts Centre, on Saturday. All the six halls at the Alhamra Arts Centre were occupied with the art and literature lovers, oozing out one after another to listen
Published 25 Feb, 2018 12:00am
Ajinomoto seized in Peshawar

Ajinomoto seized in Peshawar

Teams of district administration Saturday conducted raids in different bazaars and took into possession Ajinomoto (Chinese salt) from the shopkeepers. In wake of orders issued by the Supreme Court, the provincial government has imposed a ban on the sale,
Published 25 Feb, 2018 12:00am
Six-year-old girl killed after sexual assault in Dunyapur

Six-year-old girl killed after sexual assault in Dunyapur

A six-year-old girl has been murdered after being subjected to sexual abuse in Dunyapur on Saturday. Police said little Asma, who went missing six day ago, was found dead in a pond in Dunyapur. Subsequently, the minor was shifted to a medical facility, wh
Published 25 Feb, 2018 12:00am
Raiwind congregation: 1,000 cops deployed for security

Raiwind congregation: 1,000 cops deployed for security

The city police have deployed over 1000 security personnel for the security of two-day Raiwind congregation. According to the security plan, over 1000 policemen including at least two Superintendents of Police (SPs), four Deputy Superintendents of Police
Published 25 Feb, 2018 12:00am
Party to remain with Nawaz name: Ayaz

Party to remain with Nawaz name: Ayaz

Speaker Sardar Ayaz Sadiq has said that despite ousted as President of Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif owns the party and the party will remain with his name but the party will decide about next president in days to come. He stated this
Published 25 Feb, 2018 12:00am
Faysal Bank holds on-campus recruitment drive

Faysal Bank holds on-campus recruitment drive

Faysal Bank has conducted an on-campus recruitment drive at Punjab University Hailey College of Banking & Finance (HCBF). The objective of this activity was to update the students on the challenges of the banking profession and explore employment opportun
Published 25 Feb, 2018 12:00am
LCCI, EFOP sign MoU to build dependable relationship

LCCI, EFOP sign MoU to build dependable relationship

The Lahore Chamber of Commerce and Industry (LCCI) and Employers Federation of Pakistan (EFOP) have signed a memorandum of understanding (MoU) to build a dependable, pragmatic and advantageous relationship. The LCCI President Malik Tahir Javaid and Presid
Published 25 Feb, 2018 12:00am
Nation wants ruthless accountability of corrupt elements: Siraj

Nation wants ruthless accountability of corrupt elements: Siraj

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that a ruthless accountability of the corrupt elements in every sphere of life including the armed forces and the judiciary was the demand of the nation. Addressing a public gathering at Mansoora, he
Published 25 Feb, 2018 12:00am
Security beefed up around NAB office

Security beefed up around NAB office

Security in and around the National Accountability Bureau (NAB) Lahore office has been beefed up following arrest of former DG LDA Ahad Cheema. Rangers have taken the responsibility of security of the NAB office on the request of NAB high-ups. Additional
Published 25 Feb, 2018 12:00am
Shahbaz, Saad discuss national issues

Shahbaz, Saad discuss national issues

Punjab Chief Minister Muhammad Shahbaz Sharif on Saturday met Federal Railways Minister Khawaja Saad Rafique and discussed national and political issues. Speaking on the occasion, the CM said that current situation in the country requires tolerance and pa
Published 25 Feb, 2018 12:00am
Akhuwat to set up fee-free boarding university

Akhuwat to set up fee-free boarding university

Akhuwat, a non-profit organization, is all set to launch Pakistan's first fee-free boarding university in August 2018, said Dr Amjad Saqib, founder and chief executive officer of Akuwat, while talking to Business Recorder. He said this will be the
Published 25 Feb, 2018 12:00am
IGP admits police's failure to nab fugitive Rao Anwar

IGP admits police's failure to nab fugitive Rao Anwar

The Inspector General (IG) Sindh police A D Khwaja has acknowledged that the police have failed to arrest former SP Rao Anwar who is accused for killing Naqeebullah Mehsood in a fake encounter in Malir, Karachi. Speaking to the media here on Saturday at a
Published 25 Feb, 2018 12:00am
PPP struggles for country, masses: Zardari

PPP struggles for country, masses: Zardari

President Pakistan Peoples Party Parliamentarians (PPPP), Asif Ali Zardari has said that the PPP is following the path treaded by Shaheed Zulfiqar Ali Bhutto and Shaheed Mohtarma Benazir Bhutto to create a society which is prosperous and peaceful.
Published 25 Feb, 2018 12:00am
Sanaullah slams Imran for criticising bureaucracy

Sanaullah slams Imran for criticising bureaucracy

Punjab Law Minister Rana Sanaullah Khan said on Saturday that Imran Khan did not know how to respect others as he crossed all limits through his indecent criticism against civil officers. Addressing a press conference at 90 Shahrah-e-Quaid-i-Azam, he said
Published 25 Feb, 2018 12:00am
Prices of essential kitchen items remain stable

Prices of essential kitchen items remain stable

Prices of essential kitchen items remained stable during this week past against the preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that the price of live chicken went up from Rs 5,200 per 40kg
Published 25 Feb, 2018 12:00am
Long-awaited 'Media Town' makes a beginning

Long-awaited 'Media Town' makes a beginning

Construction of houses started in Media Town, Hawksbay on Saturday after 21 years since the land was allocated for the journalists of the city. The media aired the news about the beginning of constructions activities. Good number of journalists, high offi
Published 25 Feb, 2018 12:00am
PN operational exercise Ribat-2018 begins

PN operational exercise Ribat-2018 begins

Pakistan Navy's operational exercise Ribat-2018 commenced with opening brief held at Karachi. Vice Chief of the Naval Staff, Vice Admiral Kaleem Shaukat, graced the occasion as Chief Guest. RIBAT series of exercises are focused on validating PN war fighti
Published 25 Feb, 2018 12:00am
'Agriculture is backbone of Pakistan's economy'
Cotton

'Agriculture is backbone of Pakistan's economy'

The Agriculture is the backbone of Pakistan's economy and is an inevitable and integral part to ensure food issue and economic up rise of the country. About 68% of the population engaged in farming directly or indirectly through production, processing and
Published 25 Feb, 2018 12:00am
Bajaur's IT expert shot dead

Bajaur's IT expert shot dead

An IT expert youth of Bajaur Agency was gunned down by unknown miscreants here on Saturday. Police said that unidentified armed men shot dead IT expert youth Ahsanuddin, hailing from Bajaur Agency in Takht Bhai area of Mardan. The body was transported to
Published 25 Feb, 2018 12:00am
Indian diplomat summoned over LoC violation

Indian diplomat summoned over LoC violation

Pakistan on Saturday summoned top Indian diplomat over the ceasefire violation on Line of Control (LoC) which resulted in martyrdom of a civilian in Nikial Sector. According to a Foreign Office statement, Director General South Asia and SAARC Dr Mohammad
Published 25 Feb, 2018 12:00am
SHMA formed to protect civil rights of mentally sick people: Dr Khuwaja

SHMA formed to protect civil rights of mentally sick people: Dr Khuwaja

The Chairperson of Sindh Mental Health Authority (SMHA), Senator Dr Karim Khuwaja has said that the SMHA was designed to protect basic human and civil rights of persons with mental illness and to improve the quality of care provided to them. Speaking at a
Published 25 Feb, 2018 12:00am
'National Pollinator Day' observed

'National Pollinator Day' observed

National Pollinator Day was observed at Barani Agricultural Research Institute, Chakwal with objective to disseminate awareness among the masses about the importance and protection of crop pollinating insects. A seminar was also arranged in this regard in
Published 25 Feb, 2018 12:00am
USDA 2018 forecasts see soya ending 35 years of corn dominance

USDA 2018 forecasts see soya ending 35 years of corn dominance

US farmers will plant the same amount of soyabeans and corn this spring, the US Department of Agriculture projected on Thursday, potentially marking the first time since 1983 that corn has not been the nation's top crop. Soyabeans have gained favour among
Published 25 Feb, 2018 12:00am
Indonesia, Malaysia palm oil output to rise in 2018
Vegetable Oil

Indonesia, Malaysia palm oil output to rise in 2018

Palm oil output in the world's top two producing countries is forecast to climb to new highs this year as output fully recovers from its El Nino-stunted 2017 level, pushing 2018 average prices down by 7 percent from last year, a Reuters poll showed.
Published 25 Feb, 2018 12:00am
Brazil grabs bigger share of China soyabean imports from US in January

Brazil grabs bigger share of China soyabean imports from US in January

China's imports of soyabeans from the United States in January fell 14 percent from the same month a year ago, customs data showed, as Brazil grabbed a larger slice of the world's biggest market for the oilseed with higher-protein beans. According to cust
Published 25 Feb, 2018 12:00am
IGC sees drawdown in wheat, corn stocks

IGC sees drawdown in wheat, corn stocks

The global wheat market is expected to see the first drawdown in stocks in six seasons in 2018/19 with production forecast to fall, the International Grains Council said on Thursday. "In 2018/19, reductions in both area and average yields may see the glob
Published 25 Feb, 2018 12:00am
China LNG imports hit record in January

China LNG imports hit record in January

China's imports of liquefied natural gas (LNG) hit record levels in January, as the world's most populous nation rushed to shore up supplies ahead of another cold snap and this month's Lunar New Year celebrations, while fuel exports also jumped.
Published 25 Feb, 2018 12:00am
South Asia dominates Ukrainian wheat exports

South Asia dominates Ukrainian wheat exports

The countries of Southeast Asia have become the major buyers of Ukrainian wheat in the first seven months of the current season, importing around a third of the total volume, UkrAgroConsult said on Wednesday. Indonesia, Philippines, Singapore and Malaysia
Published 25 Feb, 2018 12:00am
Tax crackdown in Russia boosts grain traders' profits

Tax crackdown in Russia boosts grain traders' profits

A Russian crackdown on tax avoidance in the agriculture sector has been a boon for its grain traders, allowing them to buy directly from farmers and cut out a complex web of middlemen. Traders include big international commodities houses and some traders
Published 25 Feb, 2018 12:00am
Speculators raise net long positions in COMEX gold, copper

Speculators raise net long positions in COMEX gold, copper

Hedge funds and money managers raised their net long positions in COMEX gold and copper contracts in the week to Feb. 20, US Commodity Futures Trading Commission (CFTC) data showed on Friday. Speculators increased their net short position in silver future
Published 25 Feb, 2018 12:00am
Woman in van arrested after striking White House barrier

Woman in van arrested after striking White House barrier

A Tennessee woman driving a white van on Friday intentionally drove into a White House security barrier but did not breach it, and she was immediately apprehended and put under arrest, the US Secret Service said. No shots were fired and no law enforcement
Published 25 Feb, 2018 12:00am
Three bombs rock capital of Myanmar's Rakhine state

Three bombs rock capital of Myanmar's Rakhine state

Three bombs exploded early Saturday in the capital of Myanmar's Rakhine state, a cauldron of ethnic tensions roiled by insurgencies and a military crackdown on the Muslim Rohingya, injuring one police officer, officials said. The three blasts at separate
Published 25 Feb, 2018 12:00am
Morocco detains, summons media workers after publisher held

Morocco detains, summons media workers after publisher held

Moroccan police on Saturday detained a journalist and summoned for questioning two employees from an independent media group, a day after its outspoken publisher was detained, his newspaper said. Prominent publisher and journalist Taoufiq Bouachrine, know
Published 25 Feb, 2018 12:00am
Death toll in Syria enclave tops 500 as UN truce vote stalls

Death toll in Syria enclave tops 500 as UN truce vote stalls

New air strikes on the Syrian rebel enclave of Eastern Ghouta on Saturday took the civilian death toll from seven days of devastating bombardment to more than 500 as the United Nations again struggled to hold a vote on a ceasefire. A total of 127 children
Published 25 Feb, 2018 12:00am
Tens of thousands march in rival protests across Italy

Tens of thousands march in rival protests across Italy

Tens of thousands of people marched in rival far-right and anti-fascist demonstrations across Italy on Saturday, with isolated clashes erupting as tensions threatened to boil over ahead of next weekend's election. Police estimated that between 15,000 and
Published 25 Feb, 2018 12:00am
EU leaders split over post-Brexit budget

EU leaders split over post-Brexit budget

European Union leaders were divided at a Brussels summit on Friday over calls to pay more to fill the huge hole that Britain's departure will leave in their budget. EU President Donald Tusk said the 27 leaders, meeting without Britain to discuss future pl
Published 25 Feb, 2018 12:00am
Cameroon opposition party picks presidential candidate

Cameroon opposition party picks presidential candidate

Cameroon's main opposition party on Saturday selected deputy leader Joshua Osih as its presidential candidate to challenge the long-ruling President Paul Biya in elections later this year. Osih was elected at a Social Democratic Front (SDF) party congress
Published 25 Feb, 2018 12:00am
DR Congo ruling party supporters storm cathedral

DR Congo ruling party supporters storm cathedral

Tensions soared in Democratic Republic of Congo on Saturday as hundreds of ruling party supporters stormed Kinshasa cathedral after authorities banned a planned Catholic church-backed rally against the rule of President Joseph Kabila. The incident came as
Published 25 Feb, 2018 12:00am
Ex-Trump aide paid Europeans to lobby for pro-Russia Ukraine

Ex-Trump aide paid Europeans to lobby for pro-Russia Ukraine

Donald Trump's ex-campaign chief Paul Manafort secretly paid a group of former senior European politicians more than two million euros ($2.5 million) to lobby for Ukraine's then-leader backed by Russia, US prosecutors have claimed. The charges, lodged in
Published 25 Feb, 2018 12:00am
Private birthday party for Mugabe, 94

Private birthday party for Mugabe, 94

Zimbabwe's former president Robert Mugabe celebrated his 94th birthday on Saturday with a private black-tie party hosted by his family, three months after he was ousted from power. Mugabe's birthday was previously a major public event in Zimbabwe, marked
Published 25 Feb, 2018 12:00am
India crash leaves nine schoolchildren dead, 20 injured

India crash leaves nine schoolchildren dead, 20 injured

At least nine schoolchildren were killed and 20 others injured in eastern India's Bihar state on Saturday after a vehicle crashed into them outside their school in an apparent hit-and-run, police said. Officers said the driver hit the children at speed as
Published 25 Feb, 2018 12:00am
Facebook pulls gun game from conservative gathering

Facebook pulls gun game from conservative gathering

Facebook pulled a virtual reality gun game from a major US conservative political gathering Friday, saying the demo was a mistake given the recent deadly school shooting in Florida. "We removed the demo and regret failing to do so at the start," Facebook
Published 25 Feb, 2018 12:00am
Gucci donates $500,000 to US student gun reform march

Gucci donates $500,000 to US student gun reform march

Italian luxury fashion brand Gucci on Friday followed a slew of US celebrities in announcing a donation of $500,000 to next month's student march on Washington demanding tougher gun controls. The donation, first reported by Women's Wear Daily and confirme
Published 25 Feb, 2018 12:00am
Death toll from Somalia blasts rises to 45

Death toll from Somalia blasts rises to 45

The death toll from twin car bomb blasts in the Somali capital late on Friday has risen to 45 from the initially reported 18, a senior government official said on Saturday. Al Qaeda-linked al Shabaab militants claimed responsibility for the attack near th
Published 25 Feb, 2018 12:00am
Turkey says US embassy Jerusalem opening in May 'extremely worrying'

Turkey says US embassy Jerusalem opening in May 'extremely worrying'

Turkey on Saturday described as "extremely worrying" the US move to open its embassy in Jerusalem in May to coincide with the 70th anniversary of the founding of Israel. Friday's announcement by Washington to move the embassy from Tel Aviv to the disputed
Published 25 Feb, 2018 12:00am
Bangladesh police free detained foreign aid workers

Bangladesh police free detained foreign aid workers

The Bangladesh police authority has freed all the foreign aid workers who had been detained near the city of Cox's Bazar after failing to show their passports, visas or work permits, a senior police official said on Saturday. The Rapid Action Battalion (R
Published 25 Feb, 2018 12:00am
Trump says China ties 'best ever' but trade a problem

Trump says China ties 'best ever' but trade a problem

Donald Trump papered over superpower rivalries with China on Friday, saying relations had never been better but trade was a major problem. "I don't think we've ever had a better relationship with China than we do right now," Trump said, using trademark hy
Published 25 Feb, 2018 12:00am
Trump says China ties 'best ever' but trade a problem

Trump says China ties 'best ever' but trade a problem

Donald Trump papered over superpower rivalries with China on Friday, saying relations had never been better but trade was a major problem. "I don't think we've ever had a better relationship with China than we do right now," Trump said, using trademark hy
Published 25 Feb, 2018 12:00am
Estonia marks 100th anniversary of independence declaration

Estonia marks 100th anniversary of independence declaration

Estonia on Saturday celebrated 100 years since declaring independence with a military parade and other festivities in the Baltic state, which is now firmly ensconced in the West, though tensions remain with neighbour Russia. Flag-waving Estonians watched
Published 25 Feb, 2018 12:00am
Russia denies diplomatic mail was used for Argentina cocaine traffic

Russia denies diplomatic mail was used for Argentina cocaine traffic

Russia's diplomatic mail was not used for cocaine traffic in Argentina, a foreign ministry spokeswoman said on Saturday, after police busted an international ring of drug smugglers. The investigation started in 2016, when the Russian ambassador to Argenti
Published 25 Feb, 2018 12:00am
Ecuador's 'Pablo Escobar' drug kingpin extradited to US

Ecuador's 'Pablo Escobar' drug kingpin extradited to US

A drug kingpin dubbed Ecuador's "Pablo Escobar" who was under arrest in Colombia was extradited to the United States early Saturday, local officials said here. Washington Prado, also known as "Gerard," faces charges of moving more than 250 tonnes of Colom
Published 25 Feb, 2018 12:00am
Swiss biotech group Lonza admits 250 mercury poisoning cases before 1950

Swiss biotech group Lonza admits 250 mercury poisoning cases before 1950

Swiss chemicals and biotechnology group Lonza acknowledged Saturday that up to 250 of its employees had suffered from mercury poisoning before 1950. The revelation came after a joint investigation by public broadcaster RTS and three Swiss newspapers showe
Published 25 Feb, 2018 12:00am
Ledecka seals stunning double, Norway set medals mark

Ledecka seals stunning double, Norway set medals mark

Ester Ledecka made history with an unprecedented snowboard and skiing double on Saturday, while Norway's all-conquering team set a new record for medals at a Winter Olympics. As President Donald Trump's daughter Ivanka descended on the Games in Pyeongchan
Published 25 Feb, 2018 12:00am
United States rock Sweden to win first gold medal

United States rock Sweden to win first gold medal

The United States delivered a gold-medal knockout punch, scoring five in the eighth end to crush Sweden 10-7 and claim their first ever Olympic men's curling title on Saturday. With the score deadlocked at 5-5, United States skip John Shuster provided som
Published 25 Feb, 2018 12:00am
Canadians beat Czechs for first Olympic hockey bronze in 50 years

Canadians beat Czechs for first Olympic hockey bronze in 50 years

Canada earned a measure of Olympic men's hockey redemption after a shock semi-final loss to Germany by defeating the Czech Republic 6-4 in Saturday's Pyeongchang bronze-medal game. Chris Kelly and Andrew Ebbett each scored twice as the Canadians captured
Published 25 Feb, 2018 12:00am
Shaun Marsh leads Australians to warm-up win

Shaun Marsh leads Australians to warm-up win

Shaun Marsh guided the touring Australians to a five-wicket win over South Africa A at Willowmoore Park on Saturday. Marsh made 39 not out as the tourists chased down a target of 140 in 29.3 overs, winning with 5.3 overs to spare. Of concern for the Austr
Published 25 Feb, 2018 12:00am
Smith to lead IPL's Rajasthan Royals

Smith to lead IPL's Rajasthan Royals

Australia captain Steve Smith will lead the Rajasthan Royals in the 2018 Indian Premier League season, the club announced Saturday. Smith will join Australian spin legend Shane Warne, who was announced as the team's mentor earlier this year. The eight tea
Published 25 Feb, 2018 12:00am
Three-day Punjab University sports gala concludes

Three-day Punjab University sports gala concludes

Punjab University Vice Chancellor Professor Dr Muhammad Zakria Zakar has said that sports are essential for life as such activities encourage culture of discipline and tolerance in society. He was addressing the closing ceremony of three-day sports gala o
Published 25 Feb, 2018 12:00am
Svitolina joins Henin, Venus as back-to-back Dubai winner

Svitolina joins Henin, Venus as back-to-back Dubai winner

Elina Svitolina beat Daria Kasatkina 6-4, 6-0 on Saturday to win the Dubai Championships for the second year in a row. The fourth-ranked Ukrainian becomes only the third woman to defend the title, after Justine Henin (2003-2004)and Venus Williams (2009-20
Published 25 Feb, 2018 12:00am
Russia's Olympic fate set to go down to the wire

Russia's Olympic fate set to go down to the wire

Doping-scarred Russia's bid to return to the Olympic fold in time for the Pyeongchang Winter Games closing ceremony will go down to the wire after the executive board of the IOC failed to reach a decision on Saturday. Star figure skater Evgenia Medvedeva
Published 25 Feb, 2018 12:00am
Barry's & Diamond Paints/Guard Rice in Polo Cup final

Barry's & Diamond Paints/Guard Rice in Polo Cup final

Barry's and Diamond Paints/Guard Rice qualified for the main final of the Huaneng Shandong Ruyi Aibak Polo Cup 2018 after defeating their respective opponents in the league matches played here at the Lahore Polo Club (LPC) ground.
Published 25 Feb, 2018 12:00am
Riyadh hosts first international half-marathon

Riyadh hosts first international half-marathon

Rain-soaked Riyadh hosted its first international half-marathon on Saturday with a top prize of one million riyals ($267,000), as the conservative kingdom seeks to boost sports and entertainment in a far-reaching liberalisation drive. Hundreds of male run
Published 25 Feb, 2018 12:00am
CM Balochistan appreciates PPL's Football event

CM Balochistan appreciates PPL's Football event

Chief Minister Balochistan, Mir Abdul Quddus Bizenjo witnessed the match between Pishin and Quetta City in the divisional round of Pakistan Petroleum Limited (PPL) Balochistan Football Cup 2018 at the Taj Lala District Football Ground, Pishin.
Published 25 Feb, 2018 12:00am
Salah's hot-streak continues as Liverpool go second

Salah's hot-streak continues as Liverpool go second

Mohamed Salah continued his incredible goalscoring streak as Liverpool eased to a 4-1 victory over West Ham United to move up to second in the Premier League on Saturday. The Egypt international took his tally to 18 in his last 17 top-flight games for Liv
Published 25 Feb, 2018 12:00am
British lawmakers launch inquiry into cryptocurrencies
Exchange

British lawmakers launch inquiry into cryptocurrencies

Britain's cross-party Treasury Select Committee of lawmakers on Thursday said it is launching an inquiry into digital currencies, as well as the underlying distributed ledger technology. The probe will focus on the opportunities and risks posed to consume
Published 25 Feb, 2018 12:00am
Speculators' net short US dollar bets drop to seven-week low
Currency

Speculators' net short US dollar bets drop to seven-week low

Speculators' net short dollar bets slipped to a seven-week low this week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday, as investors priced in more interest rate increases by the Federal Reserve.
Published 25 Feb, 2018 12:00am
Dollar climbs to cap strong week as bears grow wary

Dollar climbs to cap strong week as bears grow wary

The dollar edged higher against a basket of major currencies on Friday, extending its recovery from a three-year low last week, as the potential for a more aggressive US Federal Reserve prompted investors to pare bearish bets against the greenback. The do
Published 25 Feb, 2018 12:00am
Bullish bets on most Asian currencies lose more ground
Currency

Bullish bets on most Asian currencies lose more ground

Sentiment towards most emerging Asian currencies soured further in the last two weeks, a Reuters poll showed, as the dollar held firm after a recent global equity rout and Treasury yields climbed to four-year highs. The US currency has been weighed down b
Published 25 Feb, 2018 12:00am
Canadian dollar rises
Currency

Canadian dollar rises

The Canadian dollar strengthened against its US counterpart on Friday, buoyed by rising oil prices and data showing Canada's inflation has cooled less than economists had expected. At 4 pm EST (2100 GMT), the Canadian dollar was trading 0.3 percent higher
Published 25 Feb, 2018 12:00am
Aussie, kiwi seen defying volatility in the year ahead
Currency

Aussie, kiwi seen defying volatility in the year ahead

Analysts have lifted their forecasts for the Australian and New Zealand dollars, although the antipodean currencies still seem set for a remarkably dull year despite raging volatility in global markets recently, a Reuters poll showed. The survey of 50 ana
Published 25 Feb, 2018 12:00am
Greek banks must do more to cut non performing loans, says ECB's Nouy

Greek banks must do more to cut non performing loans, says ECB's Nouy

Greek banks need to do more to reduce their very high stock of non-performing loans (NPLs), the European Central Bank's chief supervisor Daniele Nouy was reported as saying in an interview published by To Vima newspaper on Saturday. Non-performing exposur
Published 25 Feb, 2018 12:00am
Germany could impose limited diesel car bans in strategy shift

Germany could impose limited diesel car bans in strategy shift

Germany's government, which has steadfastly opposed barring heavily-polluting diesel cars from cities, is working on changes to allow driving bans on certain routes on an emergency basis, documents seen by Reuters showed.
Published 25 Feb, 2018 12:00am
ECB warns Latvian bank may fail amid laundering claims

ECB warns Latvian bank may fail amid laundering claims

The European Central Bank warned Saturday that Latvia's third-largest lender ABLV was at risk of failing after freezing payments following money laundering allegations from Washington. "Due to the significant deterioration of its liquidity, the bank is li
Published 25 Feb, 2018 12:00am
Japan welcomes WTO ruling on South Korea Fukushima food row

Japan welcomes WTO ruling on South Korea Fukushima food row

Japan on Friday welcomed a World Trade Organization ruling that called for South Korea to lift an import ban on Japanese seafood, imposed after the Fukushima nuclear disaster. However, the issue is expected to continue after South Korea said it would appe
Published 25 Feb, 2018 12:00am
With $116 billion cash, Buffett says Berkshire needs 'huge acquisitions'

With $116 billion cash, Buffett says Berkshire needs 'huge acquisitions'

Warren Buffett on Saturday lamented his inability to find big companies to buy, and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc. In his annual letter to
Published 25 Feb, 2018 12:00am
With $116 billion cash, Buffett says Berkshire needs 'huge acquisitions'

With $116 billion cash, Buffett says Berkshire needs 'huge acquisitions'

Warren Buffett on Saturday lamented his inability to find big companies to buy, and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc. In his annual letter to
Published 25 Feb, 2018 12:00am
India seizes jeweller's farmhouse, power plant after PNB fraud

India seizes jeweller's farmhouse, power plant after PNB fraud

Indian authorities said on Saturday they seized a farmhouse, a solar power plant and land belonging to billionaire jeweller Nirav Modi, at the centre of an alleged $1.8 billion fraud against Punjab National Bank that has shaken confidence in state lenders
Published 25 Feb, 2018 12:00am
Record tourist arrivals in Paris in 2017

Record tourist arrivals in Paris in 2017

After two years during which Paris was scarred by terror attacks, tourists returned to the French capital in record numbers in 2017, hotel booking figures showed Thursday. Hotels in the Paris area received 2.9 million more foreign and French visitors comp
Published 25 Feb, 2018 12:00am
BMW plans electric Mini production in China

BMW plans electric Mini production in China

German auto giant BMW said Friday it plans to build an electric version of its compact Mini in China, in a possible joint venture with local partner Great Wall. The Munich-based group is in "advanced discussions" aimed at "a new joint venture in China", i
Published 25 Feb, 2018 12:00am
Geely chairman builds $9 billion stake in Germany's Daimler

Geely chairman builds $9 billion stake in Germany's Daimler

The chairman of Chinese carmaker Geely has built up an almost 10 percent stake in Mercedes-Benz owner Daimler, making a $9 billion bet that he can push through an alliance to access the German company's technology. The purchase by Li Shufu, Geely's founde
Published 25 Feb, 2018 12:00am
Russia remains China's top oil supplier as pipeline expands

Russia remains China's top oil supplier as pipeline expands

Russia remained the top crude oil supplier to China in January, data showed, beginning 2018 on a strong note after the start-up of an expanded trans-Siberia pipeline and as Beijing released more crude import quotas to independent refiners. Angola and Iraq
Published 25 Feb, 2018 12:00am
Fitch boots Brazil deeper into junk rating
Currency

Fitch boots Brazil deeper into junk rating

Fitch agency cut Brazil's sovereign debt rating again Friday, sending it deeper into junk status after the government gave up on attempts to get approval for pension reforms. The long-term foreign currency issuer default rating was cut below investment gr
Published 25 Feb, 2018 12:00am
Fitch boots Brazil deeper into junk rating
Currency

Fitch boots Brazil deeper into junk rating

Fitch agency cut Brazil's sovereign debt rating again Friday, sending it deeper into junk status after the government gave up on attempts to get approval for pension reforms. The long-term foreign currency issuer default rating was cut below investment gr
Published 25 Feb, 2018 12:00am
Libya's NOC declares force majeure on 70,000 bpd El Feel oilfield

Libya's NOC declares force majeure on 70,000 bpd El Feel oilfield

Libya's National Oil Corporation (NOC) said on Saturday it had declared force majeure on the 70,000 barrels per day (bpd) El Feel oilfield after a protest by guards closed the field. El Feel was shut after guards withdrew from the field to push demands ov
Published 25 Feb, 2018 12:00am
Saudi oil minister hopes Opec, allies can ease output curbs in 2019

Saudi oil minister hopes Opec, allies can ease output curbs in 2019

Saudi Arabia hopes Opec and its allies will be able to relax production curbs next year and create a permanent framework to stabilise oil markets after the current supply cut deal ends this year, its oil minister said on Saturday. The Organization of the
Published 25 Feb, 2018 12:00am
S&P gives Russia pre-election boost with rating upgrade
Currency

S&P gives Russia pre-election boost with rating upgrade

Russia received a long-awaited upgrade to its sovereign rating from S&P Global, a move set to bolster capital inflows into its financial markets just weeks before a presidential election. S&P Global Ratings raised Russia's foreign currency long-term and s
Published 25 Feb, 2018 12:00am
S&P gives Russia pre-election boost with rating upgrade
Currency

S&P gives Russia pre-election boost with rating upgrade

Russia received a long-awaited upgrade to its sovereign rating from S&P Global, a move set to bolster capital inflows into its financial markets just weeks before a presidential election. S&P Global Ratings raised Russia's foreign currency long-term and s
Published 25 Feb, 2018 12:00am
Brexit to shut the door on lengthy London house price boom

Brexit to shut the door on lengthy London house price boom

British inflation will outstrip gains in house prices this year and next, particularly in the capital, as uncertainty over Brexit and weak consumer spending power hits demand, a Reuters poll found on Friday. According to the latest quarterly Reuters poll
Published 25 Feb, 2018 12:00am
China's home prices rise in January

China's home prices rise in January

China's new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk. The acceleration in prices across the nation suggests moves by provi
Published 25 Feb, 2018 12:00am
Three China insurers to fix investment rule breaches

Three China insurers to fix investment rule breaches

China's insurance regulator said on Saturday it would force three major insurers to take steps to deal with overseas investments that had violated regulations, as Beijing intensifies its crackdown on risk in the insurance sector. In three separate stateme
Published 25 Feb, 2018 12:00am
With rates low, Fed officials fret over next US recession

With rates low, Fed officials fret over next US recession

Federal Reserve policymakers are fretting that they could face the next US recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low. In the midst of a
Published 25 Feb, 2018 12:00am
Macron engages hecklers in farm-show rite of passage
Exchange

Macron engages hecklers in farm-show rite of passage

France's Emmanuel Macron was booed by angry farmers on Saturday during his first visit as president to the country's main agricultural fair, amid rising discontent over producer prices, European Union trade talks and Chinese land purchases. Macron was gre
Published 25 Feb, 2018 12:00am
Airbnb expands offerings with new upscale categories

Airbnb expands offerings with new upscale categories

Home-share titan Airbnb on Thursday took aim at more upscale travelers with new categories including premium lodging and properties for "trips of a lifetime." In one of the most significant updates since the San Francisco-based firm launched a decade ago,
Published 25 Feb, 2018 12:00am
US stocks rally as Fed eases rate worry, tech climbs
Exchange

US stocks rally as Fed eases rate worry, tech climbs

US stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year. The US central bank, looking past the recent stock market sell-off an
Published 25 Feb, 2018 12:00am
US fund investors creep back in to market

US fund investors creep back in to market

US fund investors inched back in to the markets during the most recent week, putting $2.5 billion into bonds and $1.1 billion into stocks, Lipper data showed on Thursday. Yet wounded investors were reluctant to wade back in to their home market, with dome
Published 25 Feb, 2018 12:00am
US fund investors creep back in to market

US fund investors creep back in to market

US fund investors inched back in to the markets during the most recent week, putting $2.5 billion into bonds and $1.1 billion into stocks, Lipper data showed on Thursday. Yet wounded investors were reluctant to wade back in to their home market, with dome
Published 25 Feb, 2018 12:00am
SimplyBiz eyes 150 million pound London IPO

SimplyBiz eyes 150 million pound London IPO

British company SimplyBiz is joining a queue of financial services firms preparing for flotations on the London stock market with plans for a listing that could value the group at more than 150 million pounds ($209 million). Huddersfield-based SimplyBiz i
Published 25 Feb, 2018 12:00am
SimplyBiz eyes 150 million pound London IPO

SimplyBiz eyes 150 million pound London IPO

British company SimplyBiz is joining a queue of financial services firms preparing for flotations on the London stock market with plans for a listing that could value the group at more than 150 million pounds ($209 million). Huddersfield-based SimplyBiz i
Published 25 Feb, 2018 12:00am
Brazil stock market bulls still charging as economy heats up

Brazil stock market bulls still charging as economy heats up

Confidence in Brazil's stock market rally remains unshaken heading into a third year, a Reuters poll of brokers, investors and strategists showed, with optimism around a stronger economy outshining the government's inability to plug a fiscal deficit.
Published 25 Feb, 2018 12:00am
Demand for Asian bonds jump in January, but rising yields a risk

Demand for Asian bonds jump in January, but rising yields a risk

Foreign investors in January bought the highest amount of Asian bonds in more than four years, but there are doubts such purchases will continue in the coming months as rising global yields and volatility undermine demand for emerging Asian assets.
Published 25 Feb, 2018 12:00am
Demand for Asian bonds jump in January, but rising yields a risk

Demand for Asian bonds jump in January, but rising yields a risk

Foreign investors in January bought the highest amount of Asian bonds in more than four years, but there are doubts such purchases will continue in the coming months as rising global yields and volatility undermine demand for emerging Asian assets.
Published 25 Feb, 2018 12:00am
Indonesia becomes first Asian country to sell green bonds

Indonesia becomes first Asian country to sell green bonds

Indonesia will become the first Asian country to sell "green" bonds internationally as it looks to tap into growing investor interest in climate-friendly investments. Globally, $155.5 billion of so-called green bonds were sold last year, according to the
Published 25 Feb, 2018 12:00am
Indonesia becomes first Asian country to sell green bonds

Indonesia becomes first Asian country to sell green bonds

Indonesia will become the first Asian country to sell "green" bonds internationally as it looks to tap into growing investor interest in climate-friendly investments. Globally, $155.5 billion of so-called green bonds were sold last year, according to the
Published 25 Feb, 2018 12:00am
China market watchdog to ramp up oversight of back-door listings

China market watchdog to ramp up oversight of back-door listings

The Chinese securities regulator said it will ramp up regulation of rejected "back-door listings", as part of a wider overhaul of initial public offerings by Beijing. In a brief question and answer published on its website late on Friday, the China Securi
Published 25 Feb, 2018 12:00am
China market watchdog to ramp up oversight of back-door listings

China market watchdog to ramp up oversight of back-door listings

The Chinese securities regulator said it will ramp up regulation of rejected "back-door listings", as part of a wider overhaul of initial public offerings by Beijing. In a brief question and answer published on its website late on Friday, the China Securi
Published 25 Feb, 2018 12:00am
High-risk euro bank bonds find buyers as crisis memories fade

High-risk euro bank bonds find buyers as crisis memories fade

Germany's IKB Deutsche Industriebank, rescued twice during the financial crisis, has issued one of the riskiest forms of bonds without any credit rating from the big agencies. And yet, like many euro zone peers, it found itself swamped with demand. IKB's
Published 25 Feb, 2018 12:00am
High-risk euro bank bonds find buyers as crisis memories fade

High-risk euro bank bonds find buyers as crisis memories fade

Germany's IKB Deutsche Industriebank, rescued twice during the financial crisis, has issued one of the riskiest forms of bonds without any credit rating from the big agencies. And yet, like many euro zone peers, it found itself swamped with demand. IKB's
Published 25 Feb, 2018 12:00am
TSX ends at three-week high
Exchange

TSX ends at three-week high

Canada's main stock index closed at a three-week high on Friday, with energy companies leading gains across the board on higher oil prices. The Toronto Stock Exchange's S&P/TSX composite index rose 130.28 points, or 0.84 percent, to 15,638.45. The energy
Published 25 Feb, 2018 12:00am
EU wheat steady on Chicago futures rebound
Exchange

EU wheat steady on Chicago futures rebound

European wheat markets were steady on Thursday as a slight rebound in Chicago futures and slow farmer selling underpinned prices in the face of lagging export activity. Traders were monitoring an intense cold spell building across Europe but said it was t
Published 25 Feb, 2018 12:00am
Brazilian coffee farmers hold supplies due to low prices

Brazilian coffee farmers hold supplies due to low prices

Brazilian coffee farmers see current prices as insufficient to cover costs and have no intention of selling at the moment, despite a looming record crop, producers and market experts said. They said dealings in the Brazilian market were very thin with pri
Published 25 Feb, 2018 12:00am
Ivory Coast cocoa exporters revise down forecast

Ivory Coast cocoa exporters revise down forecast

Cocoa exporters and pod counters in Ivory Coast have revised down their forecast for this year's main harvest because of hot weather and a lack of rain. A Reuters poll of 13 exporters and pod counters conducted on Wednesday predicted output of 1.320 milli
Published 25 Feb, 2018 12:00am
Ukraine's grain exports down

Ukraine's grain exports down

Ukraine's grain exports totalled 25.9 million tonnes by Wednesday, down from 28.4 million tonnes on the same date the previous season, the agriculture ministry said on Wednesday. So far in the 2017/18 season, which runs from July to June, Ukraine exported
Published 25 Feb, 2018 12:00am
Palm oil mixed on European vegoils market
Vegetable Oil

Palm oil mixed on European vegoils market

Palm oil on the European vegetable oils market was offered mixed on Thursday on contrasting signals that kept Malaysian palm oil futures almost unchanged. An easier ringgit and the outlook for a smaller than previously expected decrease in Malaysian palm
Published 25 Feb, 2018 12:00am
Argentina soya, corn crop estimates fall due to drought
Exchange

Argentina soya, corn crop estimates fall due to drought

Argentine farmers are expected to harvest 47 million tonnes of soya this season and not the 50 million tonnes forecast earlier, the Buenos Aires Grains Exchange said in its weekly crop report on Thursday, citing drought as the reason for the cut.
Published 25 Feb, 2018 12:00am
CBOT wheat futures firmer

CBOT wheat futures firmer

Chicago Board of Trade wheat futures gained about 0.8 percent on Thursday, firming on short-covering after prices earlier dropped to two-week low, traders said. Ample global supplies and precipitation this week in the US Plains wheat growing region capped
Published 25 Feb, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday for a fourth straight day, lifted by weakness in the Canadian dollar. March canola added $2.40 to $510.70 per tonne. May canola gained $1.70 to $515.20 per tonne. March-May canola spread traded 3,637 times. Chi
Published 25 Feb, 2018 12:00am
China's January coal imports from Australia surge
Exchange

China's January coal imports from Australia surge

China's coal imports from key supplier Australia surged in January from a year ago, customs data showed on Saturday, boosted by strong demand at utilities amid freezing weather. The world's top coal consumer brought in 7.94 million tonnes of coal from Aus
Published 25 Feb, 2018 12:00am
European gasoline margins fall sharply

European gasoline margins fall sharply

The gasoline barge crack in northwest Europe fell sharply on Thursday as inventories built on both sides of the Atlantic. Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp hub rose by around 4.7 percent to a 19-month high, d
Published 25 Feb, 2018 12:00am
Cotton market: No change visible in present outlook
Cotton

Cotton market: No change visible in present outlook

Not a visible change was seen in the present outlook on the cotton market on Saturday in the process of trading, dealers said. The official spot rate was unchanged at Rs 6,900, they added. In Sindh and the Punjab, seed cotton prices were at Rs 2400-3000,
Published 25 Feb, 2018 12:00am
Indian rice prices fall on sluggish demand
Currency

Indian rice prices fall on sluggish demand

Rice prices in top exporter India fell for the third consecutive week on sluggish demand, while the lack of fresh deals weighed on rates for the staple grain in other major Asian markets. India's 5 percent broken parboiled rice prices fell by $6 to $414-$
Published 25 Feb, 2018 12:00am
China's January soyabean imports from US fall

China's January soyabean imports from US fall

China's imports of soyabeans from the United States in January fell 14 percent from the same month a year ago, customs data showed, as Brazil grabbed a larger slice of the world's biggest market for the oilseed with higher-protein beans.
Published 25 Feb, 2018 12:00am
CBOT soyabean futures lower
Exchange

CBOT soyabean futures lower

Chicago Board of Trade soyabean futures were narrowly lower on Thursday, easing as traders locked in profits following recent multimonth highs, traders said. Analysts continued to cut production estimates for No. 3 global soya producer Argentina because o
Published 25 Feb, 2018 12:00am
Indonesian coffee picks up ahead of mini harvest

Indonesian coffee picks up ahead of mini harvest

Coffee trading in Indonesia picked up slightly ahead of a mini harvest expected from March, while Vietnam's market was dull following a major holiday, traders said on Thursday. Indonesia's grade 4 defect 80 robusta traded at a premium of $140 a tonne to L
Published 25 Feb, 2018 12:00am
US 2018 corn and soya plantings at 90 million acres each: USDA

US 2018 corn and soya plantings at 90 million acres each: USDA

US farmers will plant 90.0 million acres of soyabeans this spring, down from 90.1 million last year, and reduce corn acres to 90.0 million acres from 90.2 million in 2017, the US Department of Agriculture projected on Thursday.
Published 25 Feb, 2018 12:00am
South Korea buys 120,000 tonnes of US corn

South Korea buys 120,000 tonnes of US corn

The Korea Feed Association (KFA) purchased about 120,000 tonnes of corn expected to be sourced from the United States in a tender which closed on Thursday, European traders said. This purchase underlines that US corn is looking about the cheapest in expor
Published 25 Feb, 2018 12:00am
Asian naphtha down to 1-1/2-week low

Asian naphtha down to 1-1/2-week low

Asia's naphtha crack slipped to a 1-1/2-week low of $68.78 a tonne, weighed down by high Brent crude prices at above $64 a barrel. But naphtha fundamentals have improved this week for sellers as supplies were not as plentiful as before, traders said. This
Published 25 Feb, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (February 24, 2018).

Published 25 Feb, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee held overnight levels for the second day against the dollar on the money market on Saturday in the process of trading, currency experts said. The rupee sustained overnight levels in terms of the dollar for buying and selling Rs 111.90 and Rs 112
Published 25 Feb, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee held overnight levels for the second day against the dollar on the money market on Saturday in the process of trading, currency experts said. The rupee sustained overnight levels in terms of the dollar for buying and selling Rs 111.90 and Rs 112
Published 25 Feb, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 24, 2018).

Published 25 Feb, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 24, 2018).

Published 25 Feb, 2018 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 24, 2018).

Published 25 Feb, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 24, 2018).

Published 25 Feb, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 24, 2018)

Published 25 Feb, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 24, 2018).

Published 25 Feb, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (February 24, 2018) and the forecast for Sunday (February 25, 2018).

Published 25 Feb, 2018 12:00am
UN backs Syria ceasefire

UN backs Syria ceasefire

The UN Security Council on Saturday unanimously demanded a 30-day ceasefire in Syria, as new air strikes on the rebel enclave of Eastern Ghouta took the civilian death toll from seven days of bombing to more than 500. With support from Russia, the Securit
Published 25 Feb, 2018 12:00am
Cheema's tip off leads to first arrest

Cheema's tip off leads to first arrest

National Accountability Bureau (NAB) has arrested Shahid Shafiq, Chief Executive of Bismillah Engineering Company, over corruption charges on the tip off from LDA's ex-DG Ahad Cheema, Aaj News reported Saturday.
Published 25 Feb, 2018 12:00am
Nawaz captures the hearts and minds of people: Maryam

Nawaz captures the hearts and minds of people: Maryam

PML-N leader Maryam Nawaz on Saturday said former Prime Minister Muhammad Nawaz Sharif had launched a crusade for democracy and fundamental rights of some 220 million people of Pakistan.
Published 25 Feb, 2018 12:00am
Nawaz captures the hearts and minds of people: Maryam

Nawaz captures the hearts and minds of people: Maryam

PML-N leader Maryam Nawaz on Saturday said former Prime Minister Muhammad Nawaz Sharif had launched a crusade for democracy and fundamental rights of some 220 million people of Pakistan.
Published 25 Feb, 2018 12:00am
Cheema arrested as per law: NAB

Cheema arrested as per law: NAB

The NAB would continue performing its duties in accordance with law by upholding transparency and merit despite adverse circumstances. Threats, protests and browbeating could not stop NAB from performing its legal obligations. Ahad Cheema has been apprehe
Published 25 Feb, 2018 12:00am
Cheema arrested as per law: NAB

Cheema arrested as per law: NAB

The NAB would continue performing its duties in accordance with law by upholding transparency and merit despite adverse circumstances. Threats, protests and browbeating could not stop NAB from performing its legal obligations. Ahad Cheema has been apprehe
Published 25 Feb, 2018 12:00am
Imran describes Cheema as Shahbaz's frontman
Exchange

Imran describes Cheema as Shahbaz's frontman

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan said on Saturday that Ahad Cheema is frontman of Punjab Chief Minister Shahbaz Sharif who knows all the secrets of his (Sharif's) corruption. "Ahad Cheema is the parrot within him lies the soul of Shahbaz
Published 25 Feb, 2018 12:00am
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