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Archive - 2018-04-29
Italian Serie A results
Football

Italian Serie A results

MILAN: Italian Serie A results on Sunday: Crotone 4 (Trotta 3, 31, Simy 16, 89) Sassuolo 1 (Berardi 45+2-pen) Play
Published 29 Apr, 2018 01:54pm
Roglic wins Tour de Romandie
Sports

Roglic wins Tour de Romandie

GENEVA: Slovenia's Primoz Roglic won the Tour de Romandie on Sunday after Pascal Ackermann claimed the fifth and final s
Published 29 Apr, 2018 01:51pm
Not a single hospital set up in KP during PTI's rule: Shahbaz

Not a single hospital set up in KP during PTI's rule: Shahbaz

Punjab Chief Minister and Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif while taking a jibe at his political opponents said that those who chanted the slogan of new Khyber Pakhtunkhwa have ruined the province. Addressing a charged crowed i
Published 29 Apr, 2018 12:00am
Shafqat accuses PML-N workers of damaging PTI's banners

Shafqat accuses PML-N workers of damaging PTI's banners

Pakistan Tehreek-e-Insaf (PTI) central leader Shafqat Mahmood has accused the PML-N workers of destroying PTI banners and posters and warned that Shahbaz Sharif's administration will be responsible if any untoward incident happened. While addressing a pre
Published 29 Apr, 2018 12:00am
Delay in ST refunds: FPCCI threatens to approach SC

Delay in ST refunds: FPCCI threatens to approach SC

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) on Saturday warned federal government to approach Supreme Court of Pakistan over delay in sales tax refund payment to export sector if it would not come up with a timeframe and mechanism to re
Published 29 Apr, 2018 12:00am
ABAD chief jettisons budget

ABAD chief jettisons budget

Arif Yousuf Jeewa, Chairman Association of Builders and Developers of Pakistan (ABAD) has strongly rejected the Federal Budget 2018-19 announced by Federal Minister for Finance Miftah Ismail on Friday and alleged that the government wants to destroy a ver
Published 29 Apr, 2018 12:00am
ABAD chief jettisons budget

ABAD chief jettisons budget

Arif Yousuf Jeewa, Chairman Association of Builders and Developers of Pakistan (ABAD) has strongly rejected the Federal Budget 2018-19 announced by Federal Minister for Finance Miftah Ismail on Friday and alleged that the government wants to destroy a ver
Published 29 Apr, 2018 12:00am
People fully support PML-N: PM

People fully support PML-N: PM

Prime Minister Shahid Khaqan Abbasi Saturday said the people would massively support the Pakistan Muslim League-Nawaz (PML-N) in the upcoming general election on the basis of its government's performance. Addressing a gathering here at the residence of PM
Published 29 Apr, 2018 12:00am
PBIF chief lauds government's performance
Cotton

PBIF chief lauds government's performance

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the business community expects that federal budget 2018-19 will play important role in industrial development, economic stability and export promotion in the c
Published 29 Apr, 2018 12:00am
Murad accuses FBR of indulging in double taxation

Murad accuses FBR of indulging in double taxation

Sindh Chief Minister Syed Murad Ali Shah has said the Federal Board of Revenue (FBR) is trying to recover double taxation, as at the time of payments to suppliers the Accountant General, Sindh withholds and deposit the same amount to FBR as 'Withholding A
Published 29 Apr, 2018 12:00am
KCCI suggests single digit SST
Exchange

KCCI suggests single digit SST

The Karachi Chamber of Commerce and Industry (KCCI) has recommended that the rate of Sindh Sales Tax on Services (SST) should be in single digit with input tax credit facility made available while export oriented and struggling industries should be exempt
Published 29 Apr, 2018 12:00am
Mamnoon vows to set up TV studio at KU

Mamnoon vows to set up TV studio at KU

President Mamnoon Hussain on Saturday announced to set up TV Studio at the Mass Communication Department of University of Karachi. The President, while addressing the ceremony of laying foundation stone of Seerat Chair at the university, said he had learn
Published 29 Apr, 2018 12:00am
Children's Gala held at AKUH's children hospital

Children's Gala held at AKUH's children hospital

World eminent social activist Dr Patch Adams on Saturday visited the Aga Khan University Hospital's (AKUH) Children Hospital to acknowledge the shared philosophy of love and compassion in care giving.
Published 29 Apr, 2018 12:00am
REAP urges government to help promote rice exports
Exchange

REAP urges government to help promote rice exports

Rice Exporters Association of Pakistan (REAP) has urged federal government for special measurers for the rice trade to enhance its exports up to $4 billion mark. While addressing the REAP Award ceremony on Saturday in Karachi, senior vice chairman Rafique
Published 29 Apr, 2018 12:00am
China expands nuclear facility to Pakistan and other countries

China expands nuclear facility to Pakistan and other countries

China General Nuclear Power Group is building two Hualong One nuclear stations in Karachi and will build another one in Argentina starting in 2020. This is the part of the world's first AP1000 third-generation nuclear unit started fueling in east China's
Published 29 Apr, 2018 12:00am
SHCC chief stresses need for improving healthcare services

SHCC chief stresses need for improving healthcare services

The Chief Executive Officer of Sindh Healthcare Commission (SHCC) Dr Minhaj A Qidwai has said the purpose of setting up SHCC is to improve the quality of healthcare services and ban quackery in the province of Sindh in all its forms and manifestations. Pr
Published 29 Apr, 2018 12:00am
Tusdec holds workshop on energy efficiency

Tusdec holds workshop on energy efficiency

Technology Up-gradation and Skill Development Company (TUSDEC) in collaboration with the Punjab Energy Efficiency & Conservation Agency (PEECA) has conducted one-day workshop on "Energy Efficiency, and conservation measures for Industrial Sector.
Published 29 Apr, 2018 12:00am
PPP to hold five public meetings in Lahore: Zardari

PPP to hold five public meetings in Lahore: Zardari

Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari on Saturday announced to hold as many as five public-gatherings in Punjab's largest city and provincial capital Lahore. Asif Ali Zardari accused Pakistan Muslim League Nawaz (PML-N) supreme leader
Published 29 Apr, 2018 12:00am
Pakistan hands over Buddha relics to Sri Lanka

Pakistan hands over Buddha relics to Sri Lanka

Relics of Buddha were handed over to Sri Lankan authorities today on the eve of annual birth anniversary celebrations of Gautama Buddha. Joint Secretary National History and Literary Heritage Abdul Majeed Niazi, representing the Government of Pakistan, ha
Published 29 Apr, 2018 12:00am
JI terms federal budget 'a joke with masses'

JI terms federal budget 'a joke with masses'

Secretary General of Jamaat-e-Islami, Liaqat Baloch, has termed the federal budget a joke and foul play with the masses and the democratic system by a government on its last legs. In a statement here, he said, that the prices of gas, POL and electricity w
Published 29 Apr, 2018 12:00am
PHMA urges government to abolish Export Development Surcharge
Exchange

PHMA urges government to abolish Export Development Surcharge

The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Saturday asked the government to abolish the Export Development Surcharge until existing pool of funds is exhausted. Reacting to the proposed federal budget for next fiscal year 2018-19,
Published 29 Apr, 2018 12:00am
Shahbaz lauds steps taken for eliminating poverty

Shahbaz lauds steps taken for eliminating poverty

President PML-N and Chief Minister Punjab Muhammad Shahbaz Sharif has said the PML-N government under the leadership of Nawaz Sharif has taken revolutionary measures for development and progress in the country and elimination of poverty and unemployment.
Published 29 Apr, 2018 12:00am
'Government to create enabling business environment'

'Government to create enabling business environment'

Secretary Planning & Development Punjab Iftikhar Ali Sahoo said on Saturday that the government aims to create an enabling business environment in the province through its reform agenda. He was talking to a two-member delegation - Herve Kaddoura, Private
Published 29 Apr, 2018 12:00am
PFA seals three chicken sale points

PFA seals three chicken sale points

The Punjab Food Authority (PFA) on Saturday sealed three chicken sale points on the charges of selling meat of ailing and weak birds and sealed three milk sale points because of sale of adulterated milk besides imposing collective fine of Rs 217,000 on ot
Published 29 Apr, 2018 12:00am
APTPMA chief describes budget as 'investment-oriented'

APTPMA chief describes budget as 'investment-oriented'

Chairman All Pakistan Textile Processing Mills Association (APTPMA), Saleem Parekh, felicitated business, investment-friendly Budget for the year 2018-19, despite enormous odds and resource constraint, which is a healthy augury for Pakistan, but we still
Published 29 Apr, 2018 12:00am
FCCI chief hails federal budget

FCCI chief hails federal budget

Sheikh Farooq Yusuf Acting President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the new Federal Budget 2018-19 terming it as people friendly and pro-industry.
Published 29 Apr, 2018 12:00am
LCCI felicitates Mifta Ismail

LCCI felicitates Mifta Ismail

President, Lasbela Chamber of Commerce & Industry (LCCI), Yakoob Karim has congratulated Mifta Ismail on becoming Federal Minister for Finance, Revenue, Statistics and Economic Affairs. Miftah Ismail is an expert both on finance and economic diplomacy and
Published 29 Apr, 2018 12:00am
PTI's public meeting to be political game changer: Aleem

PTI's public meeting to be political game changer: Aleem

Pakistan Tehreek-e-Insaf (PTI) Central Punjab President Abdul Aleem Khan has said that those who ruled the country and province for 25 years have been exposed and they would not be given another chance by the masses in coming general elections. While addr
Published 29 Apr, 2018 12:00am
CJP expresses displeasure over PIMH's affairs

CJP expresses displeasure over PIMH's affairs

Chief Justice of Pakistan (CJP) Mian Saqib Nisar Saturday expressed his displeasure over the state of Punjab Institute of Mental Health (PIMH) in the provincial capital. During his visit, Justice Nisar examined facilities and treatment being provided to t
Published 29 Apr, 2018 12:00am
PFC team off to China to attend Canton Fair

PFC team off to China to attend Canton Fair

A high level delegation of Pakistan Furniture Council (PFC) Saturday left for China to participate in Canton Fair 2018. The delegation will also visit Sri Lanka on the second leg of foreign tour to explore foreign markets and seek foreign investors for jo
Published 29 Apr, 2018 12:00am
Seminar on Pak-Japan ties held

Seminar on Pak-Japan ties held

The Greenwich University and Pakistan Japan Intellect Forum (PJIF) jointly organized a seminar on Japan Pakistan Relations at the university campus here on Friday. Speaking on the occasion, the Japanese Consul General in Karachi Toshikazu Isomura said tha
Published 29 Apr, 2018 12:00am
JI rejects Fata's proposed uplift package

JI rejects Fata's proposed uplift package

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa ameer, Senator Mushtaq Ahmad Khan has rejected the development package for Federally Administered Tribal Areas (Fata), announced by government in the fiscal budget for year 2018-19. Addressing at a grand youth conve
Published 29 Apr, 2018 12:00am
Aircraft, spares exempted from customs duty

Aircraft, spares exempted from customs duty

The Federal Board of Revenue (FBR) has exempted import of aircraft and their different parts, etc, from payment of customs duty through Finance Bill 2018-19, according to the new Fifth Schedule of Customs Act. For the agriculture tractor having an engine
Published 29 Apr, 2018 12:00am
Miftah plans to contest election from NA-243, NA-244

Miftah plans to contest election from NA-243, NA-244

Finance Minister Miftah Ismail Saturday is planning to contest in upcoming general election from NA-243 and NA-244. Addressing the post budget press conference, he said, "I was planning to contest the upcoming general election from NA-252 in Karachi, but
Published 29 Apr, 2018 12:00am
Councillors plan no-trust move against JUI-F Tehsil Nazim

Councillors plan no-trust move against JUI-F Tehsil Nazim

Tehsil councilors of Pakistan Tehreek-e-Insaf in District Karak along with Jamait Ulema Islam (F) councilors jointly decided to topple down the Tehsil Nazim of JUI-F. This decision was made in a secret meeting of the Tehsil councilors held at the residenc
Published 29 Apr, 2018 12:00am
Fiscal year 2018-19: Rs 125.5 billion allocated for Railways

Fiscal year 2018-19: Rs 125.5 billion allocated for Railways

The government has budgeted Rs 125.5 billion for Pakistan Railways for fiscal year 2018-19 against Rs 131 billion budgeted for current fiscal year, showing a decrease of around five percent. The government has budgeted Rs 125.5 billion for Pakistan Railwa
Published 29 Apr, 2018 12:00am
Aizaz addresses APPNA Spring Meeting-2018 in Chicago

Aizaz addresses APPNA Spring Meeting-2018 in Chicago

Ambassador Aizaz Ahmad Chaudhry said that APPNA, by forging strong people to people contacts, has consistently proven itself as one of the strongest organization of professional Pakistanis in North America. He was the keynote speaker at the Association of
Published 29 Apr, 2018 12:00am
AJK to capitalize on growing tourism in region: Masood Khan

AJK to capitalize on growing tourism in region: Masood Khan

President Azad Jammu and Kashmir Sardar Masood Khan has said the government is focusing on economic development with emphasis on promoting and developing the tourism industry in AJK. The president made these remarks while addressing the inauguration of th
Published 29 Apr, 2018 12:00am
Wasay Jalil quits MQM with 'heavy heart'

Wasay Jalil quits MQM with 'heavy heart'

Muttahida Qaumi Movement (MQM) on Saturday suffered an irreparable loss as former stalwart Wasay Jalil tendered resignation with immediate effect. Jalil shared the news on popular micro-blogging website Twitter. "With heavy heart I tender my resignation f
Published 29 Apr, 2018 12:00am
Saarc-CCI, UBG term budget business-friendly

Saarc-CCI, UBG term budget business-friendly

SAARC Chamber of Commerce and Industry (SAARC-CCI) Vice President and United Business Group (UBG) Chairman Iftikhar Ali Malik here on Saturday said that the federal government, in the given circumstances, has presented an overall business-friendly and bal
Published 29 Apr, 2018 12:00am
PCJCCI ensures Pakistan-China businessmen's direct communication

PCJCCI ensures Pakistan-China businessmen's direct communication

Pak-China Joint Chamber of Commerce and Industry (PCJCCI) has launched video conferencing system during a meeting with 24-member delegation of the Chinese professionals from Shandong. PCJCCI President S.M. Naveed opened the first video session and said th
Published 29 Apr, 2018 12:00am
Three gunned down over petty issue in Larkana

Three gunned down over petty issue in Larkana

Three persons were gunned down and five others injured in a bloody dispute between two groups of Jatoi community in village Ali Hassan Jatoi over petty issue of cattle grazing in agricultural field in the limits of Pir Sher @ Akil police station near here
Published 29 Apr, 2018 12:00am
Pakistan can play key role for peace in Afghanistan: NATO S-G

Pakistan can play key role for peace in Afghanistan: NATO S-G

Secretary General NATO, Jens Stoltenberg has said that Pakistan can play an important role for peace and stability in Afghanistan. This was stated by Jens Stoltenberg while addressing a press conference after the meetings of NATO Ministers of Foreign Affa
Published 29 Apr, 2018 12:00am
Hassan elected KUJ (Barna) president

Hassan elected KUJ (Barna) president

Hassan Abbas and Aijz Jamali of The Green Panel were elected President and General Secretary of Karachi Union of Journalists (Barna Group), respectively in the election held at Karachi Press Club Saturday. The Green Panel defeated The Qalam Dost. The othe
Published 29 Apr, 2018 12:00am
Bizenjo, Mandviwala discuss uplift projects

Bizenjo, Mandviwala discuss uplift projects

Balochistan Chief Minister Abdul Quddus Bizenjo called on Deputy Chairman Senate Saleem Mandviwalla here on Saturday. During the meet of CM Abdul Quddus Bizenjo with Saleem Mandviwalla, political matters, law and order situation and ongoing development pr
Published 29 Apr, 2018 12:00am
Neelum-Jhelum project's trial operation to begin soon

Neelum-Jhelum project's trial operation to begin soon

The second generator of the Neelum-Jhelum project, one of the largest hydropower stations in Pakistan, will start trial operation this month, followed by the third and fourth units in the latter half of the year, according to China Gezhouba Group Co Ltd (
Published 29 Apr, 2018 12:00am
Government urged to help promote SMEs

Government urged to help promote SMEs

Islamabad Chamber of Commerce & Industry in collaboration with State Bank of Pakistan organized an awareness session on SBP's financing schemes for SMEs. Rabia Yaqoob Khan, Assistant Chief Manager, SBP's Banking Services Corporation gave a detailed presen
Published 29 Apr, 2018 12:00am
Zardari says he does not trust Nawaz

Zardari says he does not trust Nawaz

Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari has said that he does not trust former premier Nawaz Sharif. Talking to a private TV channel on Saturday he said the PPP demonstrated enough tolerance for the sake of democracy in the state, adding
Published 29 Apr, 2018 12:00am
Pakistani students serve delicious food items at China expo

Pakistani students serve delicious food items at China expo

Students from Pakistan served their specialities at an international food and culture expo in Wuxi, Jiangsu province of China. Pakistan's traditional food especially Kebab, Biryani, Nan and Kheer delighted the food-loving participating students. Jiangnan
Published 29 Apr, 2018 12:00am
Drug Act 2017: shutter down strike enters third day across Punjab

Drug Act 2017: shutter down strike enters third day across Punjab

Shutter down strike of medical stores against Drug Act 2017 across Punjab entered third day on Saturday. Patients continue to remain in unending suffering due to the closure of several stores outside major hospitals however a few of them are open near May
Published 29 Apr, 2018 12:00am
Probe against Zadran Group begins
Currency

Probe against Zadran Group begins

National Accountability Bureau (NAB) Khyber Pakhtunkhwa initiated initial probe against Zadran Group Peshawar, involved in cheating public at large under the garb of Muddaraba Business. The Spokesperson said on Saturday that accused Gul Mar Jan owner of Z
Published 29 Apr, 2018 12:00am
Probe against Zadran Group begins
Currency

Probe against Zadran Group begins

National Accountability Bureau (NAB) Khyber Pakhtunkhwa initiated initial probe against Zadran Group Peshawar, involved in cheating public at large under the garb of Muddaraba Business. The Spokesperson said on Saturday that accused Gul Mar Jan owner of Z
Published 29 Apr, 2018 12:00am
Gold price to stay stubbornly solid through 2018 as silver outperforms

Gold price to stay stubbornly solid through 2018 as silver outperforms

Banks and brokerages expect a largely flat gold market over the rest of 2018 after a stubbornly uneventful few months, a Reuters poll showed on Thursday, returning a forecast for the full year just a couple of dollars from its average price. A better perf
Published 29 Apr, 2018 12:00am
Brazil to lose share of sugar market as mills see no profit

Brazil to lose share of sugar market as mills see no profit

Brazil will lose a significant share of the global sugar trade to competitors in the current season as price levels make it unprofitable for most mills to produce the sweetener, consultants and millers said on Friday. Analysts are forecasting a reduction
Published 29 Apr, 2018 12:00am
USDA to alter monthly world grain supply/demand tables in May

USDA to alter monthly world grain supply/demand tables in May

The US Department of Agriculture will make slight alterations to its monthly world supply and demand reports starting in May that will highlight China's share of global wheat and rice stocks, a government spokesman said on Thursday. Starting with its May
Published 29 Apr, 2018 12:00am
Russian wheat export prices broadly stable
Currency

Russian wheat export prices broadly stable

Russian wheat export prices were broadly stable this week as supply in export-focused Russia's southern regions is limited after recent rouble currency volatility, analysts said on Saturday. Black Sea prices for Russian wheat with 12.5 percent protein con
Published 29 Apr, 2018 12:00am
Euronext publishes first commodity trading reports
Exchange

Euronext publishes first commodity trading reports

Euronext said on Wednesday it had launched reports on investors' trading positions in commodity derivatives to comply with new European Union regulations. The exchange operator had postponed the launch of the weekly commitments of traders (COT) reports se
Published 29 Apr, 2018 12:00am
South Africa's 2018 maize output seen up three percent

South Africa's 2018 maize output seen up three percent

South Africa is expected to harvest three percent more maize in 2018 than previously estimated after late rains in the western part of the maize belt boosted yields, a Reuters poll of five traders and market analysts showed on Friday. The government's Cro
Published 29 Apr, 2018 12:00am
Cocoa industry pledges co-ordinated action on poverty, deforestation

Cocoa industry pledges co-ordinated action on poverty, deforestation

Companies and governments have pledged to tackle poverty, deforestation and human rights abuses in the cocoa supply chain, acknowledging that years of scattered sustainability efforts have failed to spur widespread change. The four-day World Cocoa Confere
Published 29 Apr, 2018 12:00am
Cuba sees 2018 nickel plus cobalt output topping 50,000 tonnes

Cuba sees 2018 nickel plus cobalt output topping 50,000 tonnes

Cuba forecasts nickel plus cobalt sulfide production will exceed 50,000 tonnes this year even as prices rise, the head of the country's state monopoly Cubaniquel was quoted by local media as stating on Tuesday. Nickel is one of the cash-strapped Communist
Published 29 Apr, 2018 12:00am
Trade tiff has market over-thinking slow US soya sales to China

Trade tiff has market over-thinking slow US soya sales to China

Chinese demand for US soyabeans has slowed significantly in the past couple of weeks, worrying some market participants that this is a hint of things to come amid the ongoing trade friction between the two countries. But perhaps they have forgotten that s
Published 29 Apr, 2018 12:00am
Sisi promises quick end to Sinai military operations

Sisi promises quick end to Sinai military operations

Egyptian President Abdel Fattah al-Sisi promised on Saturday to end military operations against jihadists in the Sinai Peninsula "as soon as possible". More than 200 jihadists and at least 33 government troops have been killed since February 9, when Egypt
Published 29 Apr, 2018 12:00am
Mars 2020 spacecraft heat shield damaged in test: NASA

Mars 2020 spacecraft heat shield damaged in test: NASA

A heat shield used in a NASA spacecraft designed to send a six-wheeled rover vehicle to Mars in 2020 suffered an "unexpected" fracture during a structural test this month, causing the space agency to build a replacement, the space agency said. "The situat
Published 29 Apr, 2018 12:00am
Liberia's Sirleaf receives $5 million Ibrahim prize

Liberia's Sirleaf receives $5 million Ibrahim prize

Former Liberian president Ellen Johnson Sirleaf on Friday accepted the prestigious $5 million Ibrahim Prize for Achievement in African Leadership. "As the first woman to receive this Mo Ibrahim Foundation Prize award, it is my hope that women and girls ac
Published 29 Apr, 2018 12:00am
Greece decides on F-16 warplane upgrade

Greece decides on F-16 warplane upgrade

Greece on Saturday announced an upgrade for part of its US-made F-16 warplane fleet, a programme pending over the past six months owing to cost concerns. An emergency meeting by the government council of foreign affairs and defence chaired by Prime Minist
Published 29 Apr, 2018 12:00am
Taliban seize Afghan district centre, attack army base

Taliban seize Afghan district centre, attack army base

Taliban fighters seized a district centre in northern Afghanistan on Saturday, while a bomb at an army base in the southern province of Helmand killed at least five people. The latest violence came as insurgents pushed ahead with a spring offensive. Fight
Published 29 Apr, 2018 12:00am
Hamas accuses Palestinian Authority over bomb attempt on its own premier

Hamas accuses Palestinian Authority over bomb attempt on its own premier

Gaza's Islamist leaders Hamas on Saturday publicly accused the rival Palestinian Authority (PA) of planning an assassination attempt against the head of its own government. PA prime minister Rami Hamdallah, was unhurt when a roadside bomb hit his convoy d
Published 29 Apr, 2018 12:00am
Suicide bomber kills four army officers in Somalia

Suicide bomber kills four army officers in Somalia

A suicide bomber blew himself up in a military camp in the Somali town of Galkayo on Saturday, killing four officers, officials said, an attack claimed by the al Qaeda-linked al Shabaab group. The dead included a military commander and two colonels, the t
Published 29 Apr, 2018 12:00am
Suspected jihadists kill over 30 Tuaregs in Mali

Suspected jihadists kill over 30 Tuaregs in Mali

Suspected jihadists killed more than 30 Tuaregs, including women and children, on Mali's northeastern border with Niger, several sources said Saturday as the second such attack in two days stoked fears of widespread unrest. The former Tuareg rebel group M
Published 29 Apr, 2018 12:00am
Nicaragua student protesters put conditions on talks

Nicaragua student protesters put conditions on talks

University students at the forefront of anti-government unrest in Nicaragua on Saturday issued conditions for talks with the government of President Daniel Ortega. The demands followed a week of protests and clashes with police that left at least 42 peopl
Published 29 Apr, 2018 12:00am
Teacher killed in strife-hit region of Cameroon

Teacher killed in strife-hit region of Cameroon

A teacher was gunned down after armed assailants attacked a school in a strife-hit English speaking region of southwest Cameroon, national radio reported Saturday. Sophie Mandengue Maloba, a 42-year-old mother of three, died in the town of Muyuka when thr
Published 29 Apr, 2018 12:00am
100 arrested, explosives seized in Burkina Faso raids

100 arrested, explosives seized in Burkina Faso raids

Burkinabe authorities have arrested around 100 people and seized explosives in operations in eastern and northern regions near the Malian border where jihadists are active, the chief of army staff said Saturday. "From April 19 to 27 the armed forces carri
Published 29 Apr, 2018 12:00am
Malawi's ex-president Banda returns after four-year exile

Malawi's ex-president Banda returns after four-year exile

Malawi's former president, Joyce Banda, returned home on Saturday after four years of self-imposed exile, despite facing the threat of arrest over corruption allegations. Banda, 68, fled the country in 2014 when she lost power after being embroiled in the
Published 29 Apr, 2018 12:00am
Second day of Chief of Naval Staff Amateur Golf Cup

Second day of Chief of Naval Staff Amateur Golf Cup

Second day of Chief of the Naval Staff Amateur Golf Cup ended on Saturday. On the second day of Golf Cup, three categories participated including final round of Senior Amateur, 2nd round of Amateur and Juniors. Second day of the event began with final rou
Published 29 Apr, 2018 12:00am
Ronaldo, Ramos, Varane left out of Madrid squad to face Leganes

Ronaldo, Ramos, Varane left out of Madrid squad to face Leganes

Real Madrid rested Cristiano Ronaldo and Sergio Ramos for their La Liga game at home to Leganes on Saturday as coach Zinedine Zidane rotated his squad ahead of next week's Champions League semi-final, second leg against Bayern Munich. France defender Raph
Published 29 Apr, 2018 12:00am
'Chilled' CoCo seeks Pliskova revenge in Stuttgart final

'Chilled' CoCo seeks Pliskova revenge in Stuttgart final

CoCo Vandeweghe will be out for clay-court revenge when she faces Karolina Pliskova on Sunday for the Stuttgart Grand Prix title. The American has risen to the occasion this week on her least-preferred surface, reaching her first clay final by seeing off
Published 29 Apr, 2018 12:00am
Bayern see off Kovac's Eintracht, Cologne relegated

Bayern see off Kovac's Eintracht, Cologne relegated

Youngster Niklas Dorsch scored on debut as a second-string Bayern Munich side cruised to a 4-1 victory over future coach Niko Kovac and Eintracht Frankfurt in the Bundesliga on Saturday, while Cologne were relegated in dramatic fashion after a 3-2 defeat
Published 29 Apr, 2018 12:00am
Liverpool held in Stoke stalemate

Liverpool held in Stoke stalemate

Liverpool warmed up for their Champions League semi-final second leg against Roma with a low-key goalless draw against Stoke at Anfield. Jurgen Klopp's side head to the Italian capital on Wednesday with a 5-2 advantage from the first leg and do so the bac
Published 29 Apr, 2018 12:00am
Sevilla sack Montella after just four months in charge

Sevilla sack Montella after just four months in charge

Sevilla sacked coach Vincenzo Montella after just four months in charge on Saturday after a run of nine games without a win, the Spanish La Liga side announced. Former coach Joaquin Caparros, 62, and without a club since leaving Qatar's Al Ahli in Decembe
Published 29 Apr, 2018 12:00am
Nadal takes 400th clay court win, moves into Barcelona final

Nadal takes 400th clay court win, moves into Barcelona final

Rafael Nadal racked up the 400th clay court victory of his career on Saturday as he swept past Belgium's David Goffin 6-4, 6-0 to reach the Barcelona final and stand just one win from an 11th title in the Spanish city. World number one Nadal also extended
Published 29 Apr, 2018 12:00am
Three in a row for Vettel, Hamilton shares front row

Three in a row for Vettel, Hamilton shares front row

Ferrari's championship leader Sebastian Vettel smiled with relief Saturday after he had claimed pole for Sunday's Azerbaijan Grand Prix ahead of a revived Lewis Hamilton for Mercedes in a crash-strewn qualifying session. The German, who leads the defendin
Published 29 Apr, 2018 12:00am
Bitcoin frenzy settles down as big players muscle into market
Exchange

Bitcoin frenzy settles down as big players muscle into market

After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a period of relatively boring stability, experts say A worldwide wave of regulation has led to a collapse in trading volumes. Cryptocurrency ad
Published 29 Apr, 2018 12:00am
Philippines to allow cryptocurrency operators in economic zone
Exchange

Philippines to allow cryptocurrency operators in economic zone

The Philippines will allow 10 blockchain and virtual currency companies to operate in an economic zone to take advantage of tax perks while generating employment, a government official said on Wednesday. The companies would be the first virtual currency f
Published 29 Apr, 2018 12:00am
Turkey's lira slightly firmer
Currency

Turkey's lira slightly firmer

Turkey's lira currency was slightly firmer against the dollar on Thursday, after the central bank's rate increase a day earlier failed to assuage concerns about its ability to rein in double-digit inflation. Turkey's central bank on Wednesday raised its t
Published 29 Apr, 2018 12:00am
Police in Chinese city seize 600 computers used to mine bitcoin
Currency

Police in Chinese city seize 600 computers used to mine bitcoin

Police in the north China city of Tianjin confiscated 600 computers used to mine bitcoin cryptocurrency after the local power grid operator reported abnormal electricity usage, Xinhua reported Wednesday. "Eight high-power fans were also seized," Xinhua sa
Published 29 Apr, 2018 12:00am
Canadian dollar recovers
Currency

Canadian dollar recovers

The Canadian dollar strengthened against its US counterpart on Friday but still declined 0.4 percent for the week as recent comments from the Bank of Canada weighed on the currency and higher US Treasury yields boosted the greenback. At 4 pm EDT (2000 GMT
Published 29 Apr, 2018 12:00am
Wall Street flat as earnings offset inflation jitters
Exchange

Wall Street flat as earnings offset inflation jitters

Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon. The S&P 500 and the Nasdaq eked out small gains while the Dow Jones Ind
Published 29 Apr, 2018 12:00am
FAANGS and EM bitten as investors rip out risk

FAANGS and EM bitten as investors rip out risk

Financial market jitters over the last week have seen the biggest move out of tech stocks in three months and from emerging market bonds in over two months, Bank of America Merrill Lynch's latest round up of 'flow' data has showed. The bank's analysts sai
Published 29 Apr, 2018 12:00am
Deutsche Bank joins growing swell of optimism for UK stocks

Deutsche Bank joins growing swell of optimism for UK stocks

Deutsche Bank joined a growing chorus of brokers becoming more positive on British stocks on Monday, upgrading its recommendation on UK equities to "overweight", citing cheap valuations and a predicted boost from a weaker pound. "The UK is the cheapest co
Published 29 Apr, 2018 12:00am
US yield curve flattened by global growth doubts

US yield curve flattened by global growth doubts

The margin between US shorter-dated Treasury yields and longer-dated ones shrank on Friday on investors' skepticism about the global economy even as the United States fared better than other nations in the first quarter. US gross domestic product, the gov
Published 29 Apr, 2018 12:00am
US yield curve flattened by global growth doubts

US yield curve flattened by global growth doubts

The margin between US shorter-dated Treasury yields and longer-dated ones shrank on Friday on investors' skepticism about the global economy even as the United States fared better than other nations in the first quarter. US gross domestic product, the gov
Published 29 Apr, 2018 12:00am
Old rules, algorithmic traders add costs to US share buybacks
Exchange

Old rules, algorithmic traders add costs to US share buybacks

US companies are on track to buy back a record amount of their own stock this year, but a decades-old markets rule aimed at preventing manipulation makes these trades easy to game and has probably cost companies billions in recent years. Stock buybacks we
Published 29 Apr, 2018 12:00am
Vietnam stocks plunge to be short-lived: analysts

Vietnam stocks plunge to be short-lived: analysts

A sharp plunge in Vietnam's stock market over the past two weeks is primarily due to investors taking profits after a massive rally and the correction will therefore be short-lived, analysts said. The Vietnam index's near 15 percent plunge from record hig
Published 29 Apr, 2018 12:00am
EU digital tax on corporate turnover faces uphill road

EU digital tax on corporate turnover faces uphill road

A European Commission plan to tax the digital turnover of large companies drew scepticism on Saturday from the global rule-setting body on tax matters and some EU states, which called instead for an international solution. The criticism came at the first
Published 29 Apr, 2018 12:00am
Sainsbury says in merger talks with Asda

Sainsbury says in merger talks with Asda

Britain's supermarket chain Sainsbury said Saturday it was in talks to merge with rival Asda, in a deal that would create a retail giant with around 30 percent share of the British market. "Sainsbury's confirms that it and Walmart Inc. are in advanced dis
Published 29 Apr, 2018 12:00am
S&P, Fitch stay negative on British debt on Brexit questions

S&P, Fitch stay negative on British debt on Brexit questions

Worries about a messy Brexit continue to dog Britain's economy, warranting keeping the "negative" outlook on its sovereign debt, ratings agencies S&P and Fitch said Friday. The agencies affirmed their 'AA' high-grade rating on the government's long-term s
Published 29 Apr, 2018 12:00am
Sri Lanka raises LPG price
Currency

Sri Lanka raises LPG price

Sri Lanka raised liquefied petroleum gas (LPG) prices with effect from Saturday after a recent rise in petroleum prices and the depreciation of the rupee currency made LPG imports more expensive. The LPG price increase is the second in eight months.
Published 29 Apr, 2018 12:00am
US keeps China, puts Canada on IP priority watch list

US keeps China, puts Canada on IP priority watch list

The Trump administration on Friday labeled 36 countries as inadequately protecting US intellectual property rights, keeping China on a priority watch list and adding Canada over concerns about its border controls and pharmaceutical practices.
Published 29 Apr, 2018 12:00am
Iran cryptocurrency project on track despite central bank ban
Exchange

Iran cryptocurrency project on track despite central bank ban

Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin. Iran's central bank last week prohibited local banks from dealin
Published 29 Apr, 2018 12:00am
US likely to back freezing fuel economy standards from 2020-26

US likely to back freezing fuel economy standards from 2020-26

The Trump administration is likely to propose freezing fuel economy standards from 2020 through 2026, according to three people briefed on the matter, a move likely to spark a fight with California and other states backing tougher vehicle emissions rules.
Published 29 Apr, 2018 12:00am
German business leaders fear US tariffs after Merkel-Trump talks

German business leaders fear US tariffs after Merkel-Trump talks

German business leaders voiced disappointment on Saturday over the outcome of talks between Chancellor Angela Merkel and US President Donald Trump, saying they feared he would impose tariffs on steel and aluminium imports. The United States imposed import
Published 29 Apr, 2018 12:00am
Pemex back in black, but production drops

Pemex back in black, but production drops

Mexican state oil company Pemex returned to profit in the first quarter of the year, it reported Friday, but falling production continued to dog the firm. Pemex posted net profits of 113 billion pesos ($6.2 billion) from January to March, up 29 percent fr
Published 29 Apr, 2018 12:00am
British toddler at centre of legal battle dies

British toddler at centre of legal battle dies

Terminally-ill British toddler Alfie Evans died on Saturday after doctors withdrew life support, following a long legal battle and a campaign by the parents that drew support from Pope Francis. "Our baby grew his wings tonight at 2:30am (0130 GMT). We are
Published 29 Apr, 2018 12:00am
Egypt's $15 billion Sinai development expected by 2022

Egypt's $15 billion Sinai development expected by 2022

A project to develop Egypt's restive Sinai peninsula should be completed by 2022 at a cost of some 275 billion Egyptian pounds ($15.6 billion), a presidential aide said on Saturday, describing the scheme as "a project for national security." The cost esti
Published 29 Apr, 2018 12:00am
New fighting in Darfur as US expresses concern

New fighting in Darfur as US expresses concern

An insurgent group in Darfur claimed Saturday to have repelled government forces in fresh clashes in the war-torn region of western Sudan that the US says have displaced thousands of civilians. The new fighting, in the Jebel Marra mountains, comes despite
Published 29 Apr, 2018 12:00am
Syria regime forces 'advance' against IS in south Damascus

Syria regime forces 'advance' against IS in south Damascus

Syrian regime forces advanced Saturday in southern Damascus after fierce clashes with the Islamic State group, state media said, as they pushed an offensive to drive the jihadists out of the capital. Forces loyal to Bashar al-Assad retook control of Qadam
Published 29 Apr, 2018 12:00am
Brazil to close half of its 'peace police' units in Rio

Brazil to close half of its 'peace police' units in Rio

Brazil is to close half of its "peace police" units operating in the favelas of Rio de Janeiro, the government has said, referring to a 10-year-old project that had once raised hopes for restoring order in the city's crime-ridden slums.
Published 29 Apr, 2018 12:00am
Accused 'Golden State Killer' charged with two counts of murder

Accused 'Golden State Killer' charged with two counts of murder

Handcuffed to a wheelchair and appearing frail, the former California policeman accused of being the notorious "Golden State Killer" appeared in court on Friday and was charged with two counts of murder. Joseph James DeAngelo, 72, who was arrested on Tues
Published 29 Apr, 2018 12:00am
Uganda police kill two in 'radicalisation centre' raid

Uganda police kill two in 'radicalisation centre' raid

Ugandan police said Saturday they had stumbled upon a "radicalisation centre" at a Kampala mosque, shooting dead two people, arresting dozens and releasing over 100 women and children. A security source, speaking on condition of anonymity, said officers h
Published 29 Apr, 2018 12:00am
Egypt sees two percent primary surplus in Fiscal Year 2018-19

Egypt sees two percent primary surplus in Fiscal Year 2018-19

Egypt is targeting a primary surplus of 2 percent of GDP in its 2018-19 fiscal year budget, the finance ministry said on Friday, as it looks to tighten its finances and push ahead with economic reforms tied to a $12 billion IMF loan programme.
Published 29 Apr, 2018 12:00am
Economic growth picks up in sub-Saharan Africa

Economic growth picks up in sub-Saharan Africa

Economic growth is set to pick up to 3.1 percent in sub-Saharan Africa in 2018, following a number of disappointing years, the World Bank wrote in a report published on Wednesday. Growth is then expected to accelerate further to 3.6 percent in 2019 and 20
Published 29 Apr, 2018 12:00am
Ford deepens cost cuts even as earnings rise

Ford deepens cost cuts even as earnings rise

Ford will deepen planned cost cuts and phase out several small models in North America even as it reported better-than-expected quarterly earnings, the company announced Wednesday. It is another sign of a broader trend in the US market away from small veh
Published 29 Apr, 2018 12:00am
New Zealand inflation falls to bottom of RBNZ target band in Q1

New Zealand inflation falls to bottom of RBNZ target band in Q1

New Zealand's headline inflation fell to just 1.1 percent in the first quarter, suggesting the country's central bank is all but certain to signal it will keep rates on hold for some time. The consumer price index rose 0.5 percent in the three months endi
Published 29 Apr, 2018 12:00am
South Africa's inflation hits seven-year low
Currency

South Africa's inflation hits seven-year low

South Africa's inflation rate has fallen to a seven-year low, official statistics showed Wednesday, as food prices were tempered by improved rainfall with the easing of a national drought. Consumer price inflation slowed to 3.8 percent year-on-year in Mar
Published 29 Apr, 2018 12:00am
Deutsche Bank cuts deeper to fight profit plunge
Exchange

Deutsche Bank cuts deeper to fight profit plunge

Germany's biggest lender Deutsche Bank announced Thursday deep cuts to its flagship investment banking division and a new focus on Europe, hoping to drag itself out of years of losses as it reported falling profits in the first quarter. In the past, "we t
Published 29 Apr, 2018 12:00am
ConocoPhillips wins $2 billion decision against Venezuela's PDVSA

ConocoPhillips wins $2 billion decision against Venezuela's PDVSA

US oil company ConocoPhillips said Wednesday it was awarded $2 billion in an arbitration decision against Venezuela's state oil company PDVSA over the 2007 government takeover of two of the company's units. The arbitration court of the International Chamb
Published 29 Apr, 2018 12:00am
American Airlines profits hit by higher fuel costs

American Airlines profits hit by higher fuel costs

American Airlines reported a drop in profits Thursday, citing higher fuel costs as a big drag even as first-quarter revenues hit a record on strong travel demand. Net income fell 45.2 percent to $186 million, as revenues rose 5.9 percent to $10.4 billion.
Published 29 Apr, 2018 12:00am
American Airlines profits hit by higher fuel costs

American Airlines profits hit by higher fuel costs

American Airlines reported a drop in profits Thursday, citing higher fuel costs as a big drag even as first-quarter revenues hit a record on strong travel demand. Net income fell 45.2 percent to $186 million, as revenues rose 5.9 percent to $10.4 billion.
Published 29 Apr, 2018 12:00am
Cathay Pacific expects return to core airline profitability in 2019: CEO

Cathay Pacific expects return to core airline profitability in 2019: CEO

Hong Kong's Cathay Pacific Airways Ltd expects its core airline business, which has been operating at a loss, to swing into the black next year as a turnaround plan bears fruit, the carrier's chief executive said on Wednesday. The improvement will be driv
Published 29 Apr, 2018 12:00am
Lloyds banks rising profit on 'resilient' economy

Lloyds banks rising profit on 'resilient' economy

Britain's Lloyds Banking Group, bailed out by the government during the global financial crisis, on Wednesday logged strong first-quarter profits on the back of the "resilient" UK economy. Earnings after taxation, or net profits, jumped 29 percent to £1.1
Published 29 Apr, 2018 12:00am
Lloyds banks rising profit on 'resilient' economy

Lloyds banks rising profit on 'resilient' economy

Britain's Lloyds Banking Group, bailed out by the government during the global financial crisis, on Wednesday logged strong first-quarter profits on the back of the "resilient" UK economy. Earnings after taxation, or net profits, jumped 29 percent to £1.1
Published 29 Apr, 2018 12:00am
Ford, Telstra hit with record fines after consumer watchdog takes action

Ford, Telstra hit with record fines after consumer watchdog takes action

Ford and Telstra were each ordered by an Australian court to pay Aus$10 million (US$7.6 million) in penalties Thursday following separate legal proceedings launched by the country's consumer watchdog. Car giant Ford was slugged with the record fine for it
Published 29 Apr, 2018 12:00am
German companies face higher trade barriers

German companies face higher trade barriers

German companies are experiencing barriers to trade not seen since the 2008 financial crisis, a survey by the DIHK Chambers of Industry and Commerce showed on Friday. Some 40 percent of the 2,100 firms surveyed said they experienced higher barriers to doi
Published 29 Apr, 2018 12:00am
Nissan premium brand Infiniti aims to triple China sales

Nissan premium brand Infiniti aims to triple China sales

Nissan Motor Co's premium brand Infiniti plans to at least triple sales in China within the next five years by making four additional car models locally and shifting to more of an electrified offering - a ffast-emerging market in China That means Infiniti
Published 29 Apr, 2018 12:00am
Hyundai Motor first quarter net profit slumps 48 percent

Hyundai Motor first quarter net profit slumps 48 percent

South Korea's largest automaker Hyundai Motor saw its first-quarter net profits plunge 48 percent as strikes and a strong won weighed on its bottom line, it said Thursday. Net profit for the January-March period fell to 731.6 billion won ($678 million) fr
Published 29 Apr, 2018 12:00am
Snapchat upgrades 'Spectacles' after first-generation flop

Snapchat upgrades 'Spectacles' after first-generation flop

Snapchat on Thursday began selling a new version of its eyewear with built-in cameras after the first version failed to catch on with users of the youth-oriented social network. The new product, Spectacles 2.0 "are now more comfortable to wear with a smal
Published 29 Apr, 2018 12:00am
Ghana looking to sell debt in the 7 percent coupon range

Ghana looking to sell debt in the 7 percent coupon range

Ghana is seeking to issue up to $2.5 billion worth of Eurobonds in the coming weeks with a coupon in the 7 percent range, a rate well below previous sales, the West African nation's finance minister told Reuters in an interview on Tuesday. The debt offeri
Published 29 Apr, 2018 12:00am
Iran finalising 2 billion euros of foreign mine investment

Iran finalising 2 billion euros of foreign mine investment

Iran is finalising about 2 billion euros of investment from Europe in copper and steel projects despite threatened new US sanctions, a government official said on Wednesday. Early talks are also under way with Swiss investors to develop Mehdiabad, one of
Published 29 Apr, 2018 12:00am
Fiat Chrysler drives profits higher
Exchange

Fiat Chrysler drives profits higher

Fiat Chrysler (FCA) said Thursday that its net profit jumped 59 percent in the first quarter of the year, but unfavourable exchange rate changes ate away at an increase in sales of vehicles. The net profit of 1.021 billion euros ($1.243 billion) was below
Published 29 Apr, 2018 12:00am
Fiat Chrysler drives profits higher
Exchange

Fiat Chrysler drives profits higher

Fiat Chrysler (FCA) said Thursday that its net profit jumped 59 percent in the first quarter of the year, but unfavourable exchange rate changes ate away at an increase in sales of vehicles. The net profit of 1.021 billion euros ($1.243 billion) was below
Published 29 Apr, 2018 12:00am
Finland open to bigger EU budget after Brexit

Finland open to bigger EU budget after Brexit

Finland is open to a proposal for EU members to pay more into the bloc's budget after 2020 to fill a Brexit void, the Nordic country's government confirmed Thursday. "We can move around this one percent both up and down, depending on the concrete issues w
Published 29 Apr, 2018 12:00am
British MPs up pressure over post-Brexit customs plans

British MPs up pressure over post-Brexit customs plans

Lawmakers debated Thursday whether Britain should stay in a customs union with the EU after Brexit, as supporters reported growing parliamentary opposition to the government's plans for future ties with the bloc.
Published 29 Apr, 2018 12:00am
Softer euro helps European wheat to shrug off

Softer euro helps European wheat to shrug off

Weakness in the euro against the dollar allowed European wheat to shrug off a fall on US markets on Thursday, with prices hitting a two-week high. May milling wheat on Paris-based Euronext closed 0.45 percent up at 166 euros a tonne after touching 166.25
Published 29 Apr, 2018 12:00am
Iran seeks to buy corn, barley and soyameal

Iran seeks to buy corn, barley and soyameal

Iranian state-owned animal feed importer SLAL bought about 200,000 tonnes of corn, about 130,000 tonnes of feed barley and about 130,000 tonnes of soyameal earlier this week, European traders said on Friday. SLAL has relaxed previous strict requirements f
Published 29 Apr, 2018 12:00am
Brazil's CS speeds up cane crushing; ethanol output jumps

Brazil's CS speeds up cane crushing; ethanol output jumps

Brazil's center-south, the world's largest sugar producing region, sped up harvesting in the first half of April, crushing a quarter more cane than in the same period a year earlier, industry group Unica said on Wednesday. Mills crushed 22.21 million tonn
Published 29 Apr, 2018 12:00am
Argentina harvests soya at 2.4 tonnes per hectare
Exchange

Argentina harvests soya at 2.4 tonnes per hectare

More than half of Argentina's 2017-18 soya crop has been harvested with yields coming in at an average 2.4 tonnes per hectare, the Buenos Aires Grains Exchange said on Thursday, warning that yields will likely fall as harvesting continues. Early-planted s
Published 29 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 ahead of a long weekend, with pressure from a weaker ringgit and stronger dollar countered by improved nearby demand. Asking prices for palm oil were between $5 a tonne higher and $5 low
Published 29 Apr, 2018 12:00am
China's end-March crude oil stocks down

China's end-March crude oil stocks down

China's refined oil product inventory dropped in March from a month before, easing worries that record processing rates could stoke a fuel glut in the world's largest energy consumer. Fuel stocks in March fell 0.55 percent from February to 21.44 million t
Published 29 Apr, 2018 12:00am
European gasoline margins little changed

European gasoline margins little changed

Gasoline refining margins in northwest Europe were little changed on Thursday but a rise in floating storage in West Africa weighed on the complex. An unusually large quantity of gasoline is floating off the coast of West Africa as Nigeria boosts imports
Published 29 Apr, 2018 12:00am
CBOT wheat futures lower on technical selling

CBOT wheat futures lower on technical selling

Chicago Board of Trade wheat futures declined on Thursday on technical selling and profit-taking after the benchmark July contract reached a two-week high above $5 a bushel. CBOT July soft red winter wheat settled down 9-1/2 cents at $4.89-1/2 per bushel,
Published 29 Apr, 2018 12:00am
CBOT corn futures down

CBOT corn futures down

Chicago Board of Trade corn futures closed lower on Thursday as traders booked profits and consolidated positions after the benchmark July contract failed to surpass Wednesday's high. CBOT July corn settled down 1/2 cent at $3.95-1/4 per bushel, a day aft
Published 29 Apr, 2018 12:00am
Lean business on cotton market
Exchange

Lean business on cotton market

A few mills and spinners showed interest in fresh buying of low quality cotton on the local market on Saturday to meet urgent needs, dealers said. The official spot rate was inert at Rs 7400, they added. In both Sindh and Punjab, seed cotton prices were a
Published 29 Apr, 2018 12:00am
Vietnamese rice export prices rise for fifth week

Vietnamese rice export prices rise for fifth week

Rice export prices rose for a fifth straight week in Vietnam as demand remained robust and supplies thinned, but rates of Indian and Thai varieties dipped amid weakness in the local currencies of the top exporters. Vietnam's 5 percent broken rice prices r
Published 29 Apr, 2018 12:00am
IGC raises forecast for 2018-19 global corn crop

IGC raises forecast for 2018-19 global corn crop

The International Grains Council (IGC) on Thursday made a slight increase to its forecast for 2018/19 global corn (maize) production although a drawdown in stocks is still anticipated foor a second successive season The inter-governmental body, in a month
Published 29 Apr, 2018 12:00am
China's March net gold imports jump

China's March net gold imports jump

China's net gold imports via main conduit Hong Kong jumped 78.67 percent in March from the previous month on higher demand from investors owing to concerns of a trade war with the United States, data showed on Thursday.
Published 29 Apr, 2018 12:00am
CBOT soyabean futures mixed

CBOT soyabean futures mixed

Chicago Board of Trade soyabean futures settled mixed on Thursday, with nearby contracts gaining modestly against back months on spillover strength from soyameal, traders said. CBOT most-active July soyabeans settled up 1/4 cent at $10.39-1/2 per bushel a
Published 29 Apr, 2018 12:00am
Soyameal rises on European feeds market

Soyameal rises on European feeds market

Soyameal on the European meals and feeds market was offered substantially higher on Thursday on concerns over tight supplies after a ship damaged a dock at Argentina's Rosario grains hub. South American soyameal was mostly offered between $4 and $9 a tonn
Published 29 Apr, 2018 12:00am
Asian naphtha falls to two-session low

Asian naphtha falls to two-session low

Asia's naphtha crack eased to a two-session low of $77.97 a tonne on Thursday as the price of Brent crude firmed, but fundamentals were comparatively stronger than last week, with persisting demand reflected in the inter-month spreads.
Published 29 Apr, 2018 12:00am
CJP orders audit of railways

CJP orders audit of railways

Chief Justice of Pakistan on Saturday ordered the audit of Pakistan Railways by A.F. Ferguson & Co. Chief Justice of Pakistan (CJP) Mian Saqib Nisar hearing a suo motu notice into losses of Railway rejected the objection of railways minister, saying that
Published 29 Apr, 2018 12:00am
CJP orders audit of railways

CJP orders audit of railways

Chief Justice of Pakistan on Saturday ordered the audit of Pakistan Railways by A.F. Ferguson & Co. Chief Justice of Pakistan (CJP) Mian Saqib Nisar hearing a suo motu notice into losses of Railway rejected the objection of railways minister, saying that
Published 29 Apr, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am
CJP orders audit of railways

CJP orders audit of railways

Chief Justice of Pakistan on Saturday ordered the audit of Pakistan Railways by A.F. Ferguson & Co. Chief Justice of Pakistan (CJP) Mian Saqib Nisar hearing a suo motu notice into losses of Railway rejected the objection of railways minister, saying that
Published 29 Apr, 2018 12:00am
France, Germany vow joint eurozone reform plan
Currency

France, Germany vow joint eurozone reform plan

Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc. "We strongly believe that we should be able to find a compromise betwe
Published 29 Apr, 2018 12:00am
THE RUPEE: stable trend
Exchange

THE RUPEE: stable trend

The rupee maintained a firm posture against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 118.20 and Rs 118.70, they said. The rup
Published 29 Apr, 2018 12:00am
France, Germany vow joint eurozone reform plan
Currency

France, Germany vow joint eurozone reform plan

Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc. "We strongly believe that we should be able to find a compromise betwe
Published 29 Apr, 2018 12:00am
THE RUPEE: stable trend
Exchange

THE RUPEE: stable trend

The rupee maintained a firm posture against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 118.20 and Rs 118.70, they said. The rup
Published 29 Apr, 2018 12:00am
France, Germany vow joint eurozone reform plan
Currency

France, Germany vow joint eurozone reform plan

Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc. "We strongly believe that we should be able to find a compromise betwe
Published 29 Apr, 2018 12:00am
Next government can amend budget: PM

Next government can amend budget: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the next government can amend the budget 2018-19 presented by Pakistan Muslim League-Nawaz (PML-N). The premier inaugurated Gas Processing Facility at Kunnar oil and gas field in Tando Jam in Hyderabad.
Published 29 Apr, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am
Next government can amend budget: PM

Next government can amend budget: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the next government can amend the budget 2018-19 presented by Pakistan Muslim League-Nawaz (PML-N). The premier inaugurated Gas Processing Facility at Kunnar oil and gas field in Tando Jam in Hyderabad.
Published 29 Apr, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am
Budget destined for revision

Budget destined for revision

The budget 2018-19's applicability due from 1 July 2018 is likely to be even shorter than the tenure of the few hours' old Finance Minister Miftah Ismail who presented the budget in parliament and who is mandated to leave office latest by 30 May.
Published 29 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 28, 2018).

Published 29 Apr, 2018 12:00am
Budget destined for revision

Budget destined for revision

The budget 2018-19's applicability due from 1 July 2018 is likely to be even shorter than the tenure of the few hours' old Finance Minister Miftah Ismail who presented the budget in parliament and who is mandated to leave office latest by 30 May.
Published 29 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 28, 2018).

Published 29 Apr, 2018 12:00am
Nawaz concerned over weakening of rupee
Currency

Nawaz concerned over weakening of rupee

Expressing concern over weakening of the Pak rupee, former Prime Minister Nawaz Sharif said on Saturday that the country's issues would be resolved when the GDP growth rate will cross the mark of 7 percent. "When the PML-N came into power, the growth was
Published 29 Apr, 2018 12:00am
Nawaz concerned over weakening of rupee
Currency

Nawaz concerned over weakening of rupee

Expressing concern over weakening of the Pak rupee, former Prime Minister Nawaz Sharif said on Saturday that the country's issues would be resolved when the GDP growth rate will cross the mark of 7 percent. "When the PML-N came into power, the growth was
Published 29 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 28, 2018)

Published 29 Apr, 2018 12:00am
China persists in strategic autonomy, Modi told
Exchange

China persists in strategic autonomy, Modi told

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi ended informal meetings Saturday with a promise to reduce border tensions after a high-altitude standoff in the Himalayas last year. The leaders have spent two days in the central Chines
Published 29 Apr, 2018 12:00am
China persists in strategic autonomy, Modi told
Exchange

China persists in strategic autonomy, Modi told

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi ended informal meetings Saturday with a promise to reduce border tensions after a high-altitude standoff in the Himalayas last year. The leaders have spent two days in the central Chines
Published 29 Apr, 2018 12:00am
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