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Archive - 2018-04-08
Public debt falling faster than expected

Public debt falling faster than expected

Germany's public debt is falling faster than expected thanks to high tax revenues and should drop below the European Union's target threshold next year, a year earlier than previously expected, magazine Der Spiegel reported on Saturday.
Published 08 Apr, 2018 12:00am
Zidane rules out Real guard of honour for Barcelona

Zidane rules out Real guard of honour for Barcelona

Real Madrid coach Zinedine Zidane said on Saturday his side will not offer runaway La Liga leaders Barcelona a guard of honour before the 'Clasico' next month if the Catalans are crowned champions before then. Barcelona famously formed a guard of honour i
Published 08 Apr, 2018 12:00am
Pakistan firmly on road to cricket revival: PCB

Pakistan firmly on road to cricket revival: PCB

Pakistan's cricket chiefs hope the country can host a full series by 2020, after a successful tour by the West Indies sparked hopes of an international revival. The three-match series against the World Twenty20 champions, staged in the once militancy-wrac
Published 08 Apr, 2018 12:00am
Ifo to change German business climate index

Ifo to change German business climate index

Germany's Ifo economic institute is changing its business climate indicator from April to rebase the index and include responses from the services sector in its calculations, Ifo documents seen by Reuters show. The changes will see the index reading for M
Published 08 Apr, 2018 12:00am
Trump to host UAE Crown Prince, calls for Gulf unity

Trump to host UAE Crown Prince, calls for Gulf unity

The White House said Friday that President Donald Trump would host the United Arab Emirates' Crown Prince Mohammed bin Zayed Al Nahayan, but did not specify a date. The news comes after Washington said Trump would host Qatar's Emir Tamim bin Hamad Al Than
Published 08 Apr, 2018 12:00am
Housing speculation risky for British Columbia growth

Housing speculation risky for British Columbia growth

British Columbia must diversify its economy away from real estate speculation and the housing market needs to be moderated but the province is not looking at further new measures to cool it, the province's finance minister said on Friday. "You don't build
Published 08 Apr, 2018 12:00am
Sajjad Shinwari wins All Khyber Agency Spring Table Tennis

Sajjad Shinwari wins All Khyber Agency Spring Table Tennis

Sajjad Shinwari won All Khyber Agency Spring Table Tennis Tournament by beating Roohullah Shinwari in the final held at Martial Art Hall, Landi Kotal Bazaar in the tribal Khyber Agency. The day-long extra-curriculum activity was organized under the banner
Published 08 Apr, 2018 12:00am
German carmakers caught in crossfire of US-China trade row

German carmakers caught in crossfire of US-China trade row

German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington's growing trade tensions with China. Beijing's proposed 25 percent tax on
Published 08 Apr, 2018 12:00am
India urged to curb emotions after Pakistan video nasty

India urged to curb emotions after Pakistan video nasty

India were urged to control their emotions after a bad-tempered Commonwealth Games hockey clash with Pakistan ended in a thrilling draw on Saturday - with the video referee proving crucial. India were 2-1 up with just seconds left when Pakistan twice went
Published 08 Apr, 2018 12:00am
Japan's long growth run faces turning point as wages, spending fall

Japan's long growth run faces turning point as wages, spending fall

Japan's longest run of economic expansion since the 1980s asset bubble may be entering a turning point, with data out on Friday suggesting consumption will fail to drive growth if trade frictions undermine exports. Household spending shrank 0.9 percent in
Published 08 Apr, 2018 12:00am
Nadal to face Zverev with Spain fate in his hands

Nadal to face Zverev with Spain fate in his hands

World number one Rafael Nadal will have to defeat young German star Alexander Zverev on Sunday to keep Spain in the Davis Cup after Germany took a shock 2-1 lead after a marathon doubles triumph. Tim Puetz and Jan-Lennard Struff stunned Marc Lopez and Fel
Published 08 Apr, 2018 12:00am
American Airlines orders 47 Boeing 787s, cancels A350 order

American Airlines orders 47 Boeing 787s, cancels A350 order

American Airlines has ordered 47 Boeing 787 Dreamliners in a deal valued at $12 billion at list prices, while cancelling a major order for Airbus A350s. The order comprises 22 787-8s scheduled to begin arriving in 2020 and 25 787-9s scheduled to begin arr
Published 08 Apr, 2018 12:00am
National Challenge Cup: scrutiny process begins

National Challenge Cup: scrutiny process begins

National Challenge Cup 2018, scrutiny process of the teams has been started. National Challenge Cup 2018 is being held after the gap of 2 years. The process of team scrutiny has been started by the Pakistan Football Federation for the event which is being
Published 08 Apr, 2018 12:00am
New York officials pledge less sweltering subway cars this summer

New York officials pledge less sweltering subway cars this summer

New York officials said on Friday that subway riders will not get baked in the Big Apple this summer now that a transit repair program to fix faulty air conditioners and other train systems has been kick-started with full funding. The program will pay for
Published 08 Apr, 2018 12:00am
Phelps-like le Clos, Peaty light up Commonwealths

Phelps-like le Clos, Peaty light up Commonwealths

Chad le Clos made history and Adam Peaty completed a four-year unbeaten cycle as two of the Commonwealth Games' top swimmers lit up the Gold Coast on Saturday. Le Clos's 200 metres butterfly victory made him the first man to win the same event three times
Published 08 Apr, 2018 12:00am
No breakthrough at NAFTA talks, US timeline could be in doubt

No breakthrough at NAFTA talks, US timeline could be in doubt

The United States, Mexico and Canada still have to resolve major issues around NAFTA, Canadian Foreign Minister Chrystia Freeland said on Friday, casting doubt that the quick deal sought by Washington would materialize. Freeland met with US Trade Represen
Published 08 Apr, 2018 12:00am
Bayern Munich win sixth straight German league title

Bayern Munich win sixth straight German league title

Bayern Munich were crowned Bundesliga champions for the sixth consecutive season on Saturday as James Rodriguez helped turn the game in their 4-1 comeback victory at Augsburg. The result means Bayern are German league champions for the 28th time in their
Published 08 Apr, 2018 12:00am
Air France strike hits flights as French brace for rail stoppages

Air France strike hits flights as French brace for rail stoppages

Air France grounded just under a third of flights on Saturday as staff staged a walkout over pay, and travellers also braced for a fresh wave of train strikes starting later in the day, crippling much of France's transport network. The industrial action a
Published 08 Apr, 2018 12:00am
India's Paes claims record: 43rd Davis Cup win

India's Paes claims record: 43rd Davis Cup win

India's Leander Paes set a new Davis Cup record on Saturday when he notched up the 43rd doubles win of his 28-year career in the competition. Paes, 44, teamed up with Rohan Bopanna to overcome China's Gong Mao Xin and Zhang Ze 5-7, 7-6 (7/5), 7-6 (7/3) in
Published 08 Apr, 2018 12:00am
Sberbank to own biggest single stake in Croatia's Agrokor

Sberbank to own biggest single stake in Croatia's Agrokor

Russia's Sberbank may get around 30 percent of Croatia's indebted food group Agrokor following a debt settlement, a Croatian newspaper reported on Saturday. Agrokor, the biggest employer in the Balkans, was put under state-run administration last April an
Published 08 Apr, 2018 12:00am
Fulham chase top two as Villa slip

Fulham chase top two as Villa slip

Fulham boosted their bid for automatic promotion to the Premier League with a 1-0 win at Sheffield Wednesday, while Aston Villa's hopes of a top two finish were hit by a 3-1 defeat at Norwich on Saturday. A 1-0 defeat for second placed Cardiff against lea
Published 08 Apr, 2018 12:00am
Turkey's Dogus in talks with banks on debt restructuring

Turkey's Dogus in talks with banks on debt restructuring

Turkey's Dogus Holding is in talks with banks on debt restructuring, sources familiar with the matter said on Saturday. Dogus' outstanding loans stood at 23.5 billion Turkish lira ($5.81 billion) at the end 2017, up 11 percent from the year before, includ
Published 08 Apr, 2018 12:00am
Deutsche Post says its freight unit needs to improve

Deutsche Post says its freight unit needs to improve

Deutsche Post DHL Group's freight unit has to improve significantly to make sure the German logistics group hits its 2020 targets, its chief financial officer told a German newspaper. The group last month said it expects earnings before interest and tax (
Published 08 Apr, 2018 12:00am
Japan cryptocurrency exchanges face shortage of engineers
Exchange

Japan cryptocurrency exchanges face shortage of engineers

When cryptocurrency exchange Coincheck Inc explained how hackers made off with $530 million in digital money, it said part of the problem was beyond its control: Japan's lack of software engineers. Coincheck said that no matter how hard it tried, it simpl
Published 08 Apr, 2018 12:00am
Egyptian court allows Uber and Careem to continue operations

Egyptian court allows Uber and Careem to continue operations

An Egyptian court ruled on Saturday that a judicial decision to suspend the licences of ride-hailing companies Uber and Careem should not be applied, allowing them to continue their work, judicial sources said. Forty-two Egyptian taxi drivers filed a laws
Published 08 Apr, 2018 12:00am
George Soros set to trade Cryptocurrencies
Currency

George Soros set to trade Cryptocurrencies

George Soros's $26 billion hedge fund is planning to trade cryptocurrencies, Bloomberg reported on Friday, months after the billionaire investor called the virtual currency a bubble. Adam Fisher, who oversees macro investing at the New York-based Soros Fu
Published 08 Apr, 2018 12:00am
Japan's Monex to buy Coincheck, eyes future IPO
Exchange

Japan's Monex to buy Coincheck, eyes future IPO

Japanese online brokerage firm Monex Group Inc will buy Coincheck Inc, the exchange at the centre of a $530 million digital money heist, for 3.6 billion yen ($33.6 million), the latest move by a mainstream finance firm into the cryptocurrency market. Mone
Published 08 Apr, 2018 12:00am
George Soros set to trade Cryptocurrencies
Currency

George Soros set to trade Cryptocurrencies

George Soros's $26 billion hedge fund is planning to trade cryptocurrencies, Bloomberg reported on Friday, months after the billionaire investor called the virtual currency a bubble. Adam Fisher, who oversees macro investing at the New York-based Soros Fu
Published 08 Apr, 2018 12:00am
Georgia may hike 2018 growth forecast, plans Eurobond refinancing

Georgia may hike 2018 growth forecast, plans Eurobond refinancing

Georgia may increase its gross domestic product (GDP) growth forecast for this year, currently at 4.5 percent, as rising exports and inflows of foreign investment help support the economy, the country's finance minister told Reuters. The former Soviet rep
Published 08 Apr, 2018 12:00am
Speculators trim net US dollar shorts for second week
Currency

Speculators trim net US dollar shorts for second week

Speculators' net short US dollar bets fell for a second straight week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position was $20.71 billion in the week to Apri
Published 08 Apr, 2018 12:00am
Georgia may hike 2018 growth forecast, plans Eurobond refinancing

Georgia may hike 2018 growth forecast, plans Eurobond refinancing

Georgia may increase its gross domestic product (GDP) growth forecast for this year, currently at 4.5 percent, as rising exports and inflows of foreign investment help support the economy, the country's finance minister told Reuters. The former Soviet rep
Published 08 Apr, 2018 12:00am
Strong oil prices expected to support Kazakh tenge
Currency

Strong oil prices expected to support Kazakh tenge

Traders and analysts expect the Kazakh tenge to hold steady or strengthen against the dollar this month on strong oil prices, although it is likely to weaken in the longer run, a Reuters poll showed. In the poll carried out from March 28 to April 2, seven
Published 08 Apr, 2018 12:00am
China's Tianqi alleged errors in Chile effort to block SQM stake
Exchange

China's Tianqi alleged errors in Chile effort to block SQM stake

China's Tianqi Lithium Corp said there were errors in a Chilean government agency's effort to block its purchase of a stake in local mining company SQM, local newspapers La Tercera and El Mercurio reported on Saturday. Tianqi representatives challenged Ch
Published 08 Apr, 2018 12:00am
Dollar falters on US-China trade rift, weaker jobs data
Currency

Dollar falters on US-China trade rift, weaker jobs data

The dollar fell on Friday, undermined by the ongoing trade dispute between China and the United States and a report showing the US economy in March created the fewest jobs in six months. The greenback slid against the safe-haven yen and Swiss franc in the
Published 08 Apr, 2018 12:00am
Dollar index may consolidate in 88.258-91.931 range in second quarter

Dollar index may consolidate in 88.258-91.931 range in second quarter

The dollar index may consolidate in a range of 88.258-91.931 over the next three months before seeking its next direction. The range is formed by the 50 percent and the 38.2 percent Fibonacci retracements of an uptrend from the May 2011 low of 72.696 to t
Published 08 Apr, 2018 12:00am
China funds boost equity exposure, cut cash

China funds boost equity exposure, cut cash

Chinese fund managers boosted their suggested equity exposure for the next three months as financial and real-estate stocks surged amid easing worries over liquidity in early 2018. The fund managers raised their suggested equity allocations to 76.9 percen
Published 08 Apr, 2018 12:00am
Trade war or not, weak dollar trades here to stay
Exchange

Trade war or not, weak dollar trades here to stay

Currency market moves as a result of the trade dispute between the United States and China have more or less run their course and only a flare-up in the conflict will change the outlook significantly, a Reuters poll of strategists suggests. "While the pro
Published 08 Apr, 2018 12:00am
China funds boost equity exposure, cut cash

China funds boost equity exposure, cut cash

Chinese fund managers boosted their suggested equity exposure for the next three months as financial and real-estate stocks surged amid easing worries over liquidity in early 2018. The fund managers raised their suggested equity allocations to 76.9 percen
Published 08 Apr, 2018 12:00am
Canadian dollar retreats from five-week high
Currency

Canadian dollar retreats from five-week high

The Canadian dollar weakened against its US counterpart on Friday, pulling back from an earlier five-week high, as sliding stock and oil prices offset stronger-than-expected domestic jobs data. Wall Street was pressured by renewed US-China trade tensions
Published 08 Apr, 2018 12:00am
Spotify shares attract all ages, not just Millennials
Exchange

Spotify shares attract all ages, not just Millennials

The buzzy debut of Spotify Technology SA on the New York Stock Exchange on Tuesday drew retail investors across generations, not just the Millennials who make up the largest proportion of the music streaming service's customer base, retail brokerages said
Published 08 Apr, 2018 12:00am
Russia to increase FX purchases
Currency

Russia to increase FX purchases

Russia's finance ministry is expected to increase purchases of foreign currency in April as oil prices rise, according to a Reuters poll. The median forecast of 12 analysts polled by Reuters was for the ministry to buy the equivalent of 233.5 billion roub
Published 08 Apr, 2018 12:00am
TSX falls as trade tensions spark broad-based decline
Exchange

TSX falls as trade tensions spark broad-based decline

Canada's main stock index fell on Friday in a broad-based decline led by energy and financial shares as renewed US-China trade tensions stoked investors' worries. The Toronto Stock Exchange's S&P/TSX composite index closed down 148.64 points, or 0.97 perc
Published 08 Apr, 2018 12:00am
Treasuries outlook: prices gain on trade war fears, US jobs disappoint

Treasuries outlook: prices gain on trade war fears, US jobs disappoint

US Treasury prices gained on Friday as trade tensions mounted between the United States and China and after employers added fewer jobs than expected in March. China warned on Friday it was fully prepared to respond with a "fierce counter strike" of fresh
Published 08 Apr, 2018 12:00am
Heathrow terminal up for auction

Heathrow terminal up for auction

From baggage carousels to airline signs and security scanners, the contents of a Heathrow airport terminal undergoing an upgrade will be auctioned off this month, the sale organisers said on Friday. The sale of the contents of Terminal 1, once Europe's bu
Published 08 Apr, 2018 12:00am
Treasuries outlook: prices gain on trade war fears, US jobs disappoint

Treasuries outlook: prices gain on trade war fears, US jobs disappoint

US Treasury prices gained on Friday as trade tensions mounted between the United States and China and after employers added fewer jobs than expected in March. China warned on Friday it was fully prepared to respond with a "fierce counter strike" of fresh
Published 08 Apr, 2018 12:00am
German industrial output slumps

German industrial output slumps

German industrial output fell sharply in February, official data showed Friday, in the latest sign that Europe's booming top economy lost some steam at the start of the year. Industrial production slipped 1.6 percent month-on-month following a meagre 0.1-
Published 08 Apr, 2018 12:00am
Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target

Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target

Indonesia's finance ministry sold 6.79 trillion rupiah ($493.35 million) of Islamic bonds at an auction on Tuesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said. The weighted average yield for Islamic T-b
Published 08 Apr, 2018 12:00am
Public debt falling faster than expected

Public debt falling faster than expected

Germany's public debt is falling faster than expected thanks to high tax revenues and should drop below the European Union's target threshold next year, a year earlier than previously expected, magazine Der Spiegel reported on Saturday.
Published 08 Apr, 2018 12:00am
Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target

Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target

Indonesia's finance ministry sold 6.79 trillion rupiah ($493.35 million) of Islamic bonds at an auction on Tuesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said. The weighted average yield for Islamic T-b
Published 08 Apr, 2018 12:00am
Ifo to change German business climate index

Ifo to change German business climate index

Germany's Ifo economic institute is changing its business climate indicator from April to rebase the index and include responses from the services sector in its calculations, Ifo documents seen by Reuters show. The changes will see the index reading for M
Published 08 Apr, 2018 12:00am
Japanese stocks to claw back to near 26-year high
Exchange

Japanese stocks to claw back to near 26-year high

Japanese stocks are expected to claw their way back close to a 26-year high by end-December, up over 5 percent in 2018, but could be held back by likely prospects of a stronger yen, a Reuters poll of market strategists and fund managers found on Wednesday
Published 08 Apr, 2018 12:00am
Housing speculation risky for British Columbia growth

Housing speculation risky for British Columbia growth

British Columbia must diversify its economy away from real estate speculation and the housing market needs to be moderated but the province is not looking at further new measures to cool it, the province's finance minister said on Friday. "You don't build
Published 08 Apr, 2018 12:00am
SocGen in talks with Gulf governments about euro bond issues

SocGen in talks with Gulf governments about euro bond issues

Societe Generale is talking with Gulf governments about potential issues of euro-denominated bonds, with the region's first bond expected within the next 12-18 months, executives for the bank told Reuters. Bond issues from the region have been ramping up
Published 08 Apr, 2018 12:00am
German carmakers caught in crossfire of US-China trade row

German carmakers caught in crossfire of US-China trade row

German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington's growing trade tensions with China. Beijing's proposed 25 percent tax on
Published 08 Apr, 2018 12:00am
SocGen in talks with Gulf governments about euro bond issues

SocGen in talks with Gulf governments about euro bond issues

Societe Generale is talking with Gulf governments about potential issues of euro-denominated bonds, with the region's first bond expected within the next 12-18 months, executives for the bank told Reuters. Bond issues from the region have been ramping up
Published 08 Apr, 2018 12:00am
Japan's long growth run faces turning point as wages, spending fall

Japan's long growth run faces turning point as wages, spending fall

Japan's longest run of economic expansion since the 1980s asset bubble may be entering a turning point, with data out on Friday suggesting consumption will fail to drive growth if trade frictions undermine exports. Household spending shrank 0.9 percent in
Published 08 Apr, 2018 12:00am
South African glassmaker Consol eyes stock market return

South African glassmaker Consol eyes stock market return

South African glassmaker Consol intends to float on the Johannesburg bourse, it said on Thursday, a deal that could fetch around $2 billion and will mark its return to the market after more than a decade in the hands of private equity groups. No date has
Published 08 Apr, 2018 12:00am
American Airlines orders 47 Boeing 787s, cancels A350 order

American Airlines orders 47 Boeing 787s, cancels A350 order

American Airlines has ordered 47 Boeing 787 Dreamliners in a deal valued at $12 billion at list prices, while cancelling a major order for Airbus A350s. The order comprises 22 787-8s scheduled to begin arriving in 2020 and 25 787-9s scheduled to begin arr
Published 08 Apr, 2018 12:00am
South African glassmaker Consol eyes stock market return

South African glassmaker Consol eyes stock market return

South African glassmaker Consol intends to float on the Johannesburg bourse, it said on Thursday, a deal that could fetch around $2 billion and will mark its return to the market after more than a decade in the hands of private equity groups. No date has
Published 08 Apr, 2018 12:00am
New York officials pledge less sweltering subway cars this summer

New York officials pledge less sweltering subway cars this summer

New York officials said on Friday that subway riders will not get baked in the Big Apple this summer now that a transit repair program to fix faulty air conditioners and other train systems has been kick-started with full funding. The program will pay for
Published 08 Apr, 2018 12:00am
As Wall Street sinks, Trump is his own worst enemy

As Wall Street sinks, Trump is his own worst enemy

As far as the stock market is concerned, US President Donald Trump is, right now, his own worst enemy. The president - who frequently touted Wall Street's rally following his 2016 election victory - was partly blamed for a sharp stock selloff on Monday th
Published 08 Apr, 2018 12:00am
No breakthrough at NAFTA talks, US timeline could be in doubt

No breakthrough at NAFTA talks, US timeline could be in doubt

The United States, Mexico and Canada still have to resolve major issues around NAFTA, Canadian Foreign Minister Chrystia Freeland said on Friday, casting doubt that the quick deal sought by Washington would materialize. Freeland met with US Trade Represen
Published 08 Apr, 2018 12:00am
Euronext wheat rises to one month high
Exchange

Euronext wheat rises to one month high

Euronext wheat rose on Thursday, led by spot futures that posted a one month high, as initial concerns about proposed Chinese tariffs on US crops subsided and traders focused on disruption from a rail strike in France and the poor state of US wheat. May m
Published 08 Apr, 2018 12:00am
Air France strike hits flights as French brace for rail stoppages

Air France strike hits flights as French brace for rail stoppages

Air France grounded just under a third of flights on Saturday as staff staged a walkout over pay, and travellers also braced for a fresh wave of train strikes starting later in the day, crippling much of France's transport network. The industrial action a
Published 08 Apr, 2018 12:00am
Gold demand up in India ahead of festival

Gold demand up in India ahead of festival

Physical gold demand in most Asian hubs was muted this week, weighed down by stronger prices, despite a slight pick-up in buying in India ahead of the wedding season and a key festival. This month Indians will be celebrating the annual festival of Akshaya
Published 08 Apr, 2018 12:00am
Sberbank to own biggest single stake in Croatia's Agrokor

Sberbank to own biggest single stake in Croatia's Agrokor

Russia's Sberbank may get around 30 percent of Croatia's indebted food group Agrokor following a debt settlement, a Croatian newspaper reported on Saturday. Agrokor, the biggest employer in the Balkans, was put under state-run administration last April an
Published 08 Apr, 2018 12:00am
Soyameal higher on European feeds market

Soyameal higher on European feeds market

Soyameal on the European meals and feeds market was offered well up from Tuesday on very strong fob markets in Brazil on hopes that China's plan to impose a 25 percent import duty on US soyabeans will increase exports. Sellers did not offer soyameal on We
Published 08 Apr, 2018 12:00am
Turkey's Dogus in talks with banks on debt restructuring

Turkey's Dogus in talks with banks on debt restructuring

Turkey's Dogus Holding is in talks with banks on debt restructuring, sources familiar with the matter said on Saturday. Dogus' outstanding loans stood at 23.5 billion Turkish lira ($5.81 billion) at the end 2017, up 11 percent from the year before, includ
Published 08 Apr, 2018 12:00am
Canadian canola futures up

Canadian canola futures up

ICE Canadian canola futures gained for the fifth straight session to a roughly one-month high on Thursday, boosted by technical buying and cold weather in the Canadian Prairies, traders said. Cold temperatures and relatively dry conditions could affect th
Published 08 Apr, 2018 12:00am
Deutsche Post says its freight unit needs to improve

Deutsche Post says its freight unit needs to improve

Deutsche Post DHL Group's freight unit has to improve significantly to make sure the German logistics group hits its 2020 targets, its chief financial officer told a German newspaper. The group last month said it expects earnings before interest and tax (
Published 08 Apr, 2018 12:00am
China's soyameal futures rise on trade war fears
Exchange

China's soyameal futures rise on trade war fears

China's soyameal futures jumped as much as 3.2 percent on Wednesday amid growing fears that an escalating trade showdown between the United States and China could impact soyabean prices. The January 2019 contract traded on the Dalian Commodity Exchange ro
Published 08 Apr, 2018 12:00am
Egyptian court allows Uber and Careem to continue operations

Egyptian court allows Uber and Careem to continue operations

An Egyptian court ruled on Saturday that a judicial decision to suspend the licences of ride-hailing companies Uber and Careem should not be applied, allowing them to continue their work, judicial sources said. Forty-two Egyptian taxi drivers filed a laws
Published 08 Apr, 2018 12:00am
CBOT soyabean futures climb on bargain buying
Exchange

CBOT soyabean futures climb on bargain buying

Chicago Board of Trade soyabean futures climbed on Thursday on bargain buying and waning fears of a trade war with China, one day after the top global soya importer proposed tariffs on imports from the United States, traders said. Investors were hopeful W
Published 08 Apr, 2018 12:00am
Japan's Monex to buy Coincheck, eyes future IPO
Exchange

Japan's Monex to buy Coincheck, eyes future IPO

Japanese online brokerage firm Monex Group Inc will buy Coincheck Inc, the exchange at the centre of a $530 million digital money heist, for 3.6 billion yen ($33.6 million), the latest move by a mainstream finance firm into the cryptocurrency market. Mone
Published 08 Apr, 2018 12:00am
Tariffs on US may help India to treble cotton exports to China
Cotton

Tariffs on US may help India to treble cotton exports to China

India, the world's second-biggest cotton exporter, is hoping to treble shipments of the fibre to China next year as Beijing seeks to replenish stockpiles and imposes a 25 percent import tax on cargoes from the United States. Despite India's efforts to gra
Published 08 Apr, 2018 12:00am
Georgia may hike 2018 growth forecast, plans Eurobond refinancing

Georgia may hike 2018 growth forecast, plans Eurobond refinancing

Georgia may increase its gross domestic product (GDP) growth forecast for this year, currently at 4.5 percent, as rising exports and inflows of foreign investment help support the economy, the country's finance minister told Reuters. The former Soviet rep
Published 08 Apr, 2018 12:00am
Philippines' importers buy 224,000 tonnes of feed wheat

Philippines' importers buy 224,000 tonnes of feed wheat

A group of importers in the Philippines purchased about 224,000 tonnes of feed wheat in a tender for the same volume that closed on Thursday, European traders said. Origins included the Black Sea region and Australia. The wheat was bought in four 56,000-t
Published 08 Apr, 2018 12:00am
Georgia may hike 2018 growth forecast, plans Eurobond refinancing

Georgia may hike 2018 growth forecast, plans Eurobond refinancing

Georgia may increase its gross domestic product (GDP) growth forecast for this year, currently at 4.5 percent, as rising exports and inflows of foreign investment help support the economy, the country's finance minister told Reuters. The former Soviet rep
Published 08 Apr, 2018 12:00am
Asian naphtha May prices higher

Asian naphtha May prices higher

Asia's naphtha front-month second-half May price was $13.50 a tonne higher versus second-half June, making this the widest intermonth spread since April 15 2015 on strong demand. Front-month prices are typically higher than the following months when funda
Published 08 Apr, 2018 12:00am
China's Tianqi alleged errors in Chile effort to block SQM stake
Exchange

China's Tianqi alleged errors in Chile effort to block SQM stake

China's Tianqi Lithium Corp said there were errors in a Chilean government agency's effort to block its purchase of a stake in local mining company SQM, local newspapers La Tercera and El Mercurio reported on Saturday. Tianqi representatives challenged Ch
Published 08 Apr, 2018 12:00am
CBOT wheat futures rise

CBOT wheat futures rise

Chicago Board of Trade wheat futures rose 1.6 percent on Thursday, following a more than 2 percent spike in K.C. wheat prices amid cold and dry US Plains weather that could stress plants, traders said. CBOT May wheat settled 9 cents higher at $4.64-3/4 pe
Published 08 Apr, 2018 12:00am
US natural gas futures extend losses

US natural gas futures extend losses

US natural gas futures extended losses, falling 2 percent, after federal data showed a smaller-than-expected withdrawal of the fuel from storage last week. Front-month gas futures for May delivery fell 5.3 cents or 2 percent to $2.665 per million British
Published 08 Apr, 2018 12:00am
China funds boost equity exposure, cut cash

China funds boost equity exposure, cut cash

Chinese fund managers boosted their suggested equity exposure for the next three months as financial and real-estate stocks surged amid easing worries over liquidity in early 2018. The fund managers raised their suggested equity allocations to 76.9 percen
Published 08 Apr, 2018 12:00am
Argentina modifies soyabean export tax timing
Exchange

Argentina modifies soyabean export tax timing

Argentina will apply export taxes on soyabeans and soya products on the shipment date, rather than the date a deal closes, the Agricultural Ministry said in a decree published in the country's official gazette on Tuesday. The change will allow exporters t
Published 08 Apr, 2018 12:00am
China funds boost equity exposure, cut cash

China funds boost equity exposure, cut cash

Chinese fund managers boosted their suggested equity exposure for the next three months as financial and real-estate stocks surged amid easing worries over liquidity in early 2018. The fund managers raised their suggested equity allocations to 76.9 percen
Published 08 Apr, 2018 12:00am
No aid for Colombia coffee growers
Currency

No aid for Colombia coffee growers

Colombia's government will not supply immediate aid to coffee farmers, who are struggling amid low prices and heavy rains, due to budget constraints, the head of the growers' federation said on Wednesday. The federation had appealed to the government for
Published 08 Apr, 2018 12:00am
US corn carryout could easily notch five-year low in 2019
Cotton

US corn carryout could easily notch five-year low in 2019

The US Department of Agriculture's stingy forecast for domestic corn plantings could be one of the first signposts toward an increasingly bullish corn environment over the next year or so. Industry analysts had predicted that 2018 US corn plantings would
Published 08 Apr, 2018 12:00am
Spotify shares attract all ages, not just Millennials
Exchange

Spotify shares attract all ages, not just Millennials

The buzzy debut of Spotify Technology SA on the New York Stock Exchange on Tuesday drew retail investors across generations, not just the Millennials who make up the largest proportion of the music streaming service's customer base, retail brokerages said
Published 08 Apr, 2018 12:00am
Guyana weighs new offer of deep and shallow waters oil blocks

Guyana weighs new offer of deep and shallow waters oil blocks

Guyana expects to hire consultants to help market its offshore oil basins in the wake of the huge finds by US giant Exxon Mobil and partners, the South American country's energy minister told Reuters. Since 1999, Guyana has awarded an Exxon-led group hund
Published 08 Apr, 2018 12:00am
TSX falls as trade tensions spark broad-based decline
Exchange

TSX falls as trade tensions spark broad-based decline

Canada's main stock index fell on Friday in a broad-based decline led by energy and financial shares as renewed US-China trade tensions stoked investors' worries. The Toronto Stock Exchange's S&P/TSX composite index closed down 148.64 points, or 0.97 perc
Published 08 Apr, 2018 12:00am
India's sugar surplus set to rise

India's sugar surplus set to rise

India's sugar surplus could swell to 5.3 million tonnes as production for the 2017/18 crop year is set to surge to a record 30.3 million tonnes as output rises from the top two producing states, the Western India Sugar Mills Association (WISMA) said. Indi
Published 08 Apr, 2018 12:00am
Treasuries outlook: prices gain on trade war fears, US jobs disappoint

Treasuries outlook: prices gain on trade war fears, US jobs disappoint

US Treasury prices gained on Friday as trade tensions mounted between the United States and China and after employers added fewer jobs than expected in March. China warned on Friday it was fully prepared to respond with a "fierce counter strike" of fresh
Published 08 Apr, 2018 12:00am
Sugar cane arrears in India jump to $2.62 billion

Sugar cane arrears in India jump to $2.62 billion

Sugar cane arrears in India stood at 170 billion rupees ($2.62 billion) at the end of March, a more than 21 percent jump from January-end, as a drop in sugar prices made it difficult for mills to pay farmers stipulated prices, a trade body said on Tuesday
Published 08 Apr, 2018 12:00am
Sugar cane arrears in India jump to $2.62 billion

Sugar cane arrears in India jump to $2.62 billion

Sugar cane arrears in India stood at 170 billion rupees ($2.62 billion) at the end of March, a more than 21 percent jump from January-end, as a drop in sugar prices made it difficult for mills to pay farmers stipulated prices, a trade body said on Tuesday
Published 08 Apr, 2018 12:00am
IRA valid law: NIRC has jurisdiction to decide labour disputes: SC

IRA valid law: NIRC has jurisdiction to decide labour disputes: SC

The Supreme Court has held that Industrial Relations Act (IRA) 2012 is a valid piece of legislation, and National Industrial Relations Commission (NIRC) formed under the Act has jurisdiction to decide the labour disputes, relating to the employees/workers
Published 08 Apr, 2018 12:00am
IRA valid law: NIRC has jurisdiction to decide labour disputes: SC

IRA valid law: NIRC has jurisdiction to decide labour disputes: SC

The Supreme Court has held that Industrial Relations Act (IRA) 2012 is a valid piece of legislation, and National Industrial Relations Commission (NIRC) formed under the Act has jurisdiction to decide the labour disputes, relating to the employees/workers
Published 08 Apr, 2018 12:00am
IRA valid law: NIRC has jurisdiction to decide labour disputes: SC

IRA valid law: NIRC has jurisdiction to decide labour disputes: SC

The Supreme Court has held that Industrial Relations Act (IRA) 2012 is a valid piece of legislation, and National Industrial Relations Commission (NIRC) formed under the Act has jurisdiction to decide the labour disputes, relating to the employees/workers
Published 08 Apr, 2018 12:00am
IRA valid law: NIRC has jurisdiction to decide labour disputes: SC

IRA valid law: NIRC has jurisdiction to decide labour disputes: SC

The Supreme Court has held that Industrial Relations Act (IRA) 2012 is a valid piece of legislation, and National Industrial Relations Commission (NIRC) formed under the Act has jurisdiction to decide the labour disputes, relating to the employees/workers
Published 08 Apr, 2018 12:00am
Government unable to collect GIDC due to various legal challenges

Government unable to collect GIDC due to various legal challenges

Federal government may not be able to collect Gas Infrastructure Development Cess (GIDC) for three years (2012-15) that compressed natural gas (CNG) sector agreed to pay unless GIDC Amendment Bill 2017 is passed by Parliament.
Published 08 Apr, 2018 12:00am
Government unable to collect GIDC due to various legal challenges

Government unable to collect GIDC due to various legal challenges

Federal government may not be able to collect Gas Infrastructure Development Cess (GIDC) for three years (2012-15) that compressed natural gas (CNG) sector agreed to pay unless GIDC Amendment Bill 2017 is passed by Parliament.
Published 08 Apr, 2018 12:00am
Government unable to collect GIDC due to various legal challenges

Government unable to collect GIDC due to various legal challenges

Federal government may not be able to collect Gas Infrastructure Development Cess (GIDC) for three years (2012-15) that compressed natural gas (CNG) sector agreed to pay unless GIDC Amendment Bill 2017 is passed by Parliament.
Published 08 Apr, 2018 12:00am
Prime Minister defends ''revolutionary tax reforms''

Prime Minister defends ''revolutionary tax reforms''

Prime Minister Shahid Khaqan Abbasi Saturday said the recently announced ''revolutionary tax reforms'' would bring in record resources and those criticizing the initiative should first make their last year''s tax details public. Addressing a public gather
Published 08 Apr, 2018 12:00am
Prime Minister defends 'revolutionary tax reforms'

Prime Minister defends 'revolutionary tax reforms'

Prime Minister Shahid Khaqan Abbasi Saturday said the recently announced 'revolutionary tax reforms' would bring in record resources and those criticizing the initiative should first make their last year's tax details public. Addressing a public gathering
Published 08 Apr, 2018 12:00am
Prime Minister defends 'revolutionary tax reforms'

Prime Minister defends 'revolutionary tax reforms'

Prime Minister Shahid Khaqan Abbasi Saturday said the recently announced 'revolutionary tax reforms' would bring in record resources and those criticizing the initiative should first make their last year's tax details public. Addressing a public gathering
Published 08 Apr, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (April 07, 2018) and the forecast for Sunday (April 08, 2018).

Published 08 Apr, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 07, 2018).

Published 08 Apr, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 07, 2018)

Published 08 Apr, 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 (April 07, 2018).

Published 08 Apr, 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 (April 07, 2018).

Published 08 Apr, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 07, 2018).

Published 08 Apr, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 07, 2018).

Published 08 Apr, 2018 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

Firmness prevailed on the money market on Saturday as the rupee held levels for the second day against the dollar in the process of trading, money experts said. The rupee showed no visible change in terms of the dollar for buying and selling at Rs 116.20
Published 08 Apr, 2018 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

Firmness prevailed on the money market on Saturday as the rupee held levels for the second day against the dollar in the process of trading, money experts said. The rupee showed no visible change in terms of the dollar for buying and selling at Rs 116.20
Published 08 Apr, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 07, 2018).

Published 08 Apr, 2018 12:00am
Jordan seeks to buy barley

Jordan seeks to buy barley

Jordan's state grain buyer has issued another international tender to purchase 100,000 tonnes of animal feed barley to be sourced from optional origins, traders and official sources said. Tender deadline is April 17. Jordan has struggled to purchase wheat
Published 08 Apr, 2018 12:00am
Brazil's pre-harvest coffee offers rise as farmers sell stocks

Brazil's pre-harvest coffee offers rise as farmers sell stocks

The availability of green coffees in the Brazilian market - both arabica and robusta - increased to their highest level in 16 months as farmers hiked sales of old-crop stocks before starting harvest of a large crop, according to an industry supply index.
Published 08 Apr, 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 mixed on Thursday as participants digested news that China plans to slap a 25 percent import duty on US soyabeans. Asking prices for palm oil were between $5 higher and $5 lower, pressured by a sharp over
Published 08 Apr, 2018 12:00am
South Korea passes on tender for 69,000 tonnes of corn

South Korea passes on tender for 69,000 tonnes of corn

South Korea's largest feed maker Nonghyup Feed Inc (NOFI) rejected all offers and made no purchase in an international tender for up to 69,000 tonnes of corn which closed on Thursday, European traders said. Prices were regarded as too high. The lowest off
Published 08 Apr, 2018 12:00am
CBOT corn futures up on technical buying

CBOT corn futures up on technical buying

Chicago Board of Trade corn futures were up more than 2 percent on Thursday, rising on technical buying and easing fears of a trade war with China following a steep in prices on Wednesday, traders said. Front-month CBOT May corn finished at its session hi
Published 08 Apr, 2018 12:00am
Ukraine's 2018 grains harvest to equal 2017s

Ukraine's 2018 grains harvest to equal 2017s

The Ukrainian agriculture ministry does not expect sowing delays caused by a late spring to affect the 2018 grains harvest, which it expects to match last year's 61 million tonnes, acting minister Maksym Martyniuk said. Ukraine's spring sowing campaign st
Published 08 Apr, 2018 12:00am
Indonesian coffee firmer, Vietnam's exports seen down

Indonesian coffee firmer, Vietnam's exports seen down

Coffee trading in Indonesia was robust this week during a mini harvest season, while Vietnam coffee exports were seen falling from a month earlier as both demand and supply thin out, traders said on Thursday. Premiums of Indonesia's grade 4 defect 80 robu
Published 08 Apr, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (April 07, 2018) and the forecast for Sunday (April 08, 2018).

Published 08 Apr, 2018 12:00am
Rice prices rise in Thailand, Vietnam on Indonesian deal

Rice prices rise in Thailand, Vietnam on Indonesian deal

Rice export prices rose this week in Thailand and Vietnam boosted by a recent deal with Indonesia, while robust demand pushed up rates in top exporter India. Indonesian state food procurement agency Bulog bought about 500,000 tonnes of rice, of which 300,
Published 08 Apr, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 07, 2018).

Published 08 Apr, 2018 12:00am
Subdued business on cotton market
Cotton

Subdued business on cotton market

Lean business was again witnessed on the cotton market on Saturday as most of the leading buyers kept on the sidelines due to quality factor, dealers said. The official spot rate was unchanged at Rs 7300, they added. In both Sindh and Punjab, seed cotton
Published 08 Apr, 2018 12:00am
LME options landscape suggests one last bull hurrah for zinc
Exchange

LME options landscape suggests one last bull hurrah for zinc

Is that it for the zinc price or does the market have one last hurrah before the bull cycle turns? London Metal Exchange (LME) zinc for three-month delivery hit a 10-year high of $3,595.50 per tonne on February 15, the culmination of a gradual but relentl
Published 08 Apr, 2018 12:00am
Speculators lift bearish arabica coffee stance to record
Cotton

Speculators lift bearish arabica coffee stance to record

Speculators increased their net short position in arabica coffee contracts on ICE Futures US in the week to April 3, lifting it to a record as prices fell to a nine-month low, US Commodity Futures Trading Commission (CFTC) data showed on Friday. The specu
Published 08 Apr, 2018 12:00am
China importers hope to sell US cargoes to north Asia after tariff move

China importers hope to sell US cargoes to north Asia after tariff move

Chinese importers expecting cargoes of US commodities from beef to propane said they hope to sell the goods to South Korea or Japan after Beijing's decision to slap extra tariffs on a swathe of items from agricultural products to chemicals. Beijing on Wed
Published 08 Apr, 2018 12:00am
EU sugar companies struggle to survive as prices plunge post-quotas

EU sugar companies struggle to survive as prices plunge post-quotas

European Union sugar companies have emerged from the cocoon of production quotas and are now fighting to survive in a fiercely competitive world market with prices and profits plunging. The EU's largest sugar producer, Suedzucker, has said it expects to r
Published 08 Apr, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 07, 2018)

Published 08 Apr, 2018 12:00am
Jordan seeks to buy barley

Jordan seeks to buy barley

Jordan's state grain buyer has issued another international tender to purchase 100,000 tonnes of animal feed barley to be sourced from optional origins, traders and official sources said. Tender deadline is April 17. Jordan has struggled to purchase wheat
Published 08 Apr, 2018 12:00am
EU sugar companies struggle to survive as prices plunge post-quotas

EU sugar companies struggle to survive as prices plunge post-quotas

European Union sugar companies have emerged from the cocoon of production quotas and are now fighting to survive in a fiercely competitive world market with prices and profits plunging. The EU's largest sugar producer, Suedzucker, has said it expects to r
Published 08 Apr, 2018 12:00am
Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target

Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target

Indonesia's finance ministry sold 6.79 trillion rupiah ($493.35 million) of Islamic bonds at an auction on Tuesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said. The weighted average yield for Islamic T-b
Published 08 Apr, 2018 12:00am
China importers hope to sell US cargoes to north Asia after tariff move

China importers hope to sell US cargoes to north Asia after tariff move

Chinese importers expecting cargoes of US commodities from beef to propane said they hope to sell the goods to South Korea or Japan after Beijing's decision to slap extra tariffs on a swathe of items from agricultural products to chemicals. Beijing on Wed
Published 08 Apr, 2018 12:00am
Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target

Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target

Indonesia's finance ministry sold 6.79 trillion rupiah ($493.35 million) of Islamic bonds at an auction on Tuesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said. The weighted average yield for Islamic T-b
Published 08 Apr, 2018 12:00am
Speculators lift bearish arabica coffee stance to record
Cotton

Speculators lift bearish arabica coffee stance to record

Speculators increased their net short position in arabica coffee contracts on ICE Futures US in the week to April 3, lifting it to a record as prices fell to a nine-month low, US Commodity Futures Trading Commission (CFTC) data showed on Friday. The specu
Published 08 Apr, 2018 12:00am
Japanese stocks to claw back to near 26-year high
Exchange

Japanese stocks to claw back to near 26-year high

Japanese stocks are expected to claw their way back close to a 26-year high by end-December, up over 5 percent in 2018, but could be held back by likely prospects of a stronger yen, a Reuters poll of market strategists and fund managers found on Wednesday
Published 08 Apr, 2018 12:00am
LME options landscape suggests one last bull hurrah for zinc
Exchange

LME options landscape suggests one last bull hurrah for zinc

Is that it for the zinc price or does the market have one last hurrah before the bull cycle turns? London Metal Exchange (LME) zinc for three-month delivery hit a 10-year high of $3,595.50 per tonne on February 15, the culmination of a gradual but relentl
Published 08 Apr, 2018 12:00am
SocGen in talks with Gulf governments about euro bond issues

SocGen in talks with Gulf governments about euro bond issues

Societe Generale is talking with Gulf governments about potential issues of euro-denominated bonds, with the region's first bond expected within the next 12-18 months, executives for the bank told Reuters. Bond issues from the region have been ramping up
Published 08 Apr, 2018 12:00am
Subdued business on cotton market
Cotton

Subdued business on cotton market

Lean business was again witnessed on the cotton market on Saturday as most of the leading buyers kept on the sidelines due to quality factor, dealers said. The official spot rate was unchanged at Rs 7300, they added. In both Sindh and Punjab, seed cotton
Published 08 Apr, 2018 12:00am
SocGen in talks with Gulf governments about euro bond issues

SocGen in talks with Gulf governments about euro bond issues

Societe Generale is talking with Gulf governments about potential issues of euro-denominated bonds, with the region's first bond expected within the next 12-18 months, executives for the bank told Reuters. Bond issues from the region have been ramping up
Published 08 Apr, 2018 12:00am
Rice prices rise in Thailand, Vietnam on Indonesian deal

Rice prices rise in Thailand, Vietnam on Indonesian deal

Rice export prices rose this week in Thailand and Vietnam boosted by a recent deal with Indonesia, while robust demand pushed up rates in top exporter India. Indonesian state food procurement agency Bulog bought about 500,000 tonnes of rice, of which 300,
Published 08 Apr, 2018 12:00am
South African glassmaker Consol eyes stock market return

South African glassmaker Consol eyes stock market return

South African glassmaker Consol intends to float on the Johannesburg bourse, it said on Thursday, a deal that could fetch around $2 billion and will mark its return to the market after more than a decade in the hands of private equity groups. No date has
Published 08 Apr, 2018 12:00am
Indonesian coffee firmer, Vietnam's exports seen down

Indonesian coffee firmer, Vietnam's exports seen down

Coffee trading in Indonesia was robust this week during a mini harvest season, while Vietnam coffee exports were seen falling from a month earlier as both demand and supply thin out, traders said on Thursday. Premiums of Indonesia's grade 4 defect 80 robu
Published 08 Apr, 2018 12:00am
South African glassmaker Consol eyes stock market return

South African glassmaker Consol eyes stock market return

South African glassmaker Consol intends to float on the Johannesburg bourse, it said on Thursday, a deal that could fetch around $2 billion and will mark its return to the market after more than a decade in the hands of private equity groups. No date has
Published 08 Apr, 2018 12:00am
Ukraine's 2018 grains harvest to equal 2017s

Ukraine's 2018 grains harvest to equal 2017s

The Ukrainian agriculture ministry does not expect sowing delays caused by a late spring to affect the 2018 grains harvest, which it expects to match last year's 61 million tonnes, acting minister Maksym Martyniuk said. Ukraine's spring sowing campaign st
Published 08 Apr, 2018 12:00am
As Wall Street sinks, Trump is his own worst enemy

As Wall Street sinks, Trump is his own worst enemy

As far as the stock market is concerned, US President Donald Trump is, right now, his own worst enemy. The president - who frequently touted Wall Street's rally following his 2016 election victory - was partly blamed for a sharp stock selloff on Monday th
Published 08 Apr, 2018 12:00am
CBOT corn futures up on technical buying

CBOT corn futures up on technical buying

Chicago Board of Trade corn futures were up more than 2 percent on Thursday, rising on technical buying and easing fears of a trade war with China following a steep in prices on Wednesday, traders said. Front-month CBOT May corn finished at its session hi
Published 08 Apr, 2018 12:00am
Euronext wheat rises to one month high
Exchange

Euronext wheat rises to one month high

Euronext wheat rose on Thursday, led by spot futures that posted a one month high, as initial concerns about proposed Chinese tariffs on US crops subsided and traders focused on disruption from a rail strike in France and the poor state of US wheat. May m
Published 08 Apr, 2018 12:00am
South Korea passes on tender for 69,000 tonnes of corn

South Korea passes on tender for 69,000 tonnes of corn

South Korea's largest feed maker Nonghyup Feed Inc (NOFI) rejected all offers and made no purchase in an international tender for up to 69,000 tonnes of corn which closed on Thursday, European traders said. Prices were regarded as too high. The lowest off
Published 08 Apr, 2018 12:00am
Gold demand up in India ahead of festival

Gold demand up in India ahead of festival

Physical gold demand in most Asian hubs was muted this week, weighed down by stronger prices, despite a slight pick-up in buying in India ahead of the wedding season and a key festival. This month Indians will be celebrating the annual festival of Akshaya
Published 08 Apr, 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 mixed on Thursday as participants digested news that China plans to slap a 25 percent import duty on US soyabeans. Asking prices for palm oil were between $5 higher and $5 lower, pressured by a sharp over
Published 08 Apr, 2018 12:00am
Soyameal higher on European feeds market

Soyameal higher on European feeds market

Soyameal on the European meals and feeds market was offered well up from Tuesday on very strong fob markets in Brazil on hopes that China's plan to impose a 25 percent import duty on US soyabeans will increase exports. Sellers did not offer soyameal on We
Published 08 Apr, 2018 12:00am
Brazil's pre-harvest coffee offers rise as farmers sell stocks

Brazil's pre-harvest coffee offers rise as farmers sell stocks

The availability of green coffees in the Brazilian market - both arabica and robusta - increased to their highest level in 16 months as farmers hiked sales of old-crop stocks before starting harvest of a large crop, according to an industry supply index.
Published 08 Apr, 2018 12:00am
Canadian canola futures up

Canadian canola futures up

ICE Canadian canola futures gained for the fifth straight session to a roughly one-month high on Thursday, boosted by technical buying and cold weather in the Canadian Prairies, traders said. Cold temperatures and relatively dry conditions could affect th
Published 08 Apr, 2018 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

Firmness prevailed on the money market on Saturday as the rupee held levels for the second day against the dollar in the process of trading, money experts said. The rupee showed no visible change in terms of the dollar for buying and selling at Rs 116.20
Published 08 Apr, 2018 12:00am
India's sugar surplus set to rise

India's sugar surplus set to rise

India's sugar surplus could swell to 5.3 million tonnes as production for the 2017/18 crop year is set to surge to a record 30.3 million tonnes as output rises from the top two producing states, the Western India Sugar Mills Association (WISMA) said. Indi
Published 08 Apr, 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 (April 07, 2018).

Published 08 Apr, 2018 12:00am
Guyana weighs new offer of deep and shallow waters oil blocks

Guyana weighs new offer of deep and shallow waters oil blocks

Guyana expects to hire consultants to help market its offshore oil basins in the wake of the huge finds by US giant Exxon Mobil and partners, the South American country's energy minister told Reuters. Since 1999, Guyana has awarded an Exxon-led group hund
Published 08 Apr, 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 (April 07, 2018).

Published 08 Apr, 2018 12:00am
US corn carryout could easily notch five-year low in 2019
Cotton

US corn carryout could easily notch five-year low in 2019

The US Department of Agriculture's stingy forecast for domestic corn plantings could be one of the first signposts toward an increasingly bullish corn environment over the next year or so. Industry analysts had predicted that 2018 US corn plantings would
Published 08 Apr, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 07, 2018).

Published 08 Apr, 2018 12:00am
No aid for Colombia coffee growers
Currency

No aid for Colombia coffee growers

Colombia's government will not supply immediate aid to coffee farmers, who are struggling amid low prices and heavy rains, due to budget constraints, the head of the growers' federation said on Wednesday. The federation had appealed to the government for
Published 08 Apr, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 07, 2018).

Published 08 Apr, 2018 12:00am
Argentina modifies soyabean export tax timing
Exchange

Argentina modifies soyabean export tax timing

Argentina will apply export taxes on soyabeans and soya products on the shipment date, rather than the date a deal closes, the Agricultural Ministry said in a decree published in the country's official gazette on Tuesday. The change will allow exporters t
Published 08 Apr, 2018 12:00am
US natural gas futures extend losses

US natural gas futures extend losses

US natural gas futures extended losses, falling 2 percent, after federal data showed a smaller-than-expected withdrawal of the fuel from storage last week. Front-month gas futures for May delivery fell 5.3 cents or 2 percent to $2.665 per million British
Published 08 Apr, 2018 12:00am
CBOT soyabean futures climb on bargain buying
Exchange

CBOT soyabean futures climb on bargain buying

Chicago Board of Trade soyabean futures climbed on Thursday on bargain buying and waning fears of a trade war with China, one day after the top global soya importer proposed tariffs on imports from the United States, traders said. Investors were hopeful W
Published 08 Apr, 2018 12:00am
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