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Archive - 2018-05-20
'Nightmare': Pakistan family mourn daughter killed in Texas shooting

'Nightmare': Pakistan family mourn daughter killed in Texas shooting

Abdul Aziz learned about the US school shooting in which his 17-year-old daughter was killed on CNN, with the story airing live as he broke his Ramazan fast thousands of miles away in Pakistan. In those chaotic first moments of confusion and terror he cal
Published 20 May, 2018 12:00am
'Nightmare': Pakistan family mourn daughter killed in Texas shooting

'Nightmare': Pakistan family mourn daughter killed in Texas shooting

Abdul Aziz learned about the US school shooting in which his 17-year-old daughter was killed on CNN, with the story airing live as he broke his Ramazan fast thousands of miles away in Pakistan. In those chaotic first moments of confusion and terror he cal
Published 20 May, 2018 12:00am
No privatisation under Daniyal so far

No privatisation under Daniyal so far

Privatization Commission failed to undertake any privatisation transaction during the eight-month tenure of Federal Minister Daniyal Aziz despite his tall claims after assuming office on August 10, 2017 that the government will privatize Pakistan Internat
Published 20 May, 2018 12:00am
No privatisation under Daniyal so far

No privatisation under Daniyal so far

Privatization Commission failed to undertake any privatisation transaction during the eight-month tenure of Federal Minister Daniyal Aziz despite his tall claims after assuming office on August 10, 2017 that the government will privatize Pakistan Internat
Published 20 May, 2018 12:00am
No privatisation under Daniyal so far

No privatisation under Daniyal so far

Privatization Commission failed to undertake any privatisation transaction during the eight-month tenure of Federal Minister Daniyal Aziz despite his tall claims after assuming office on August 10, 2017 that the government will privatize Pakistan Internat
Published 20 May, 2018 12:00am
FBR refuses to interfere in Rs 2 billion recovery issue

FBR refuses to interfere in Rs 2 billion recovery issue

The Federal Board of Revenue (FBR) has refused to interfere in the matter of Rs2 billion recovery from a Chinese contactor whose case has been decided by the Supreme Court of Azad Jammu and Kashmir (AJK) on the basis of notice issued by Inland Revenue Dep
Published 20 May, 2018 12:00am
FBR refuses to interfere in Rs 2 billion recovery issue

FBR refuses to interfere in Rs 2 billion recovery issue

The Federal Board of Revenue (FBR) has refused to interfere in the matter of Rs2 billion recovery from a Chinese contactor whose case has been decided by the Supreme Court of Azad Jammu and Kashmir (AJK) on the basis of notice issued by Inland Revenue Dep
Published 20 May, 2018 12:00am
FBR refuses to interfere in Rs 2 billion recovery issue

FBR refuses to interfere in Rs 2 billion recovery issue

The Federal Board of Revenue (FBR) has refused to interfere in the matter of Rs2 billion recovery from a Chinese contactor whose case has been decided by the Supreme Court of Azad Jammu and Kashmir (AJK) on the basis of notice issued by Inland Revenue Dep
Published 20 May, 2018 12:00am
Afghan cricket stadium attack leaves 8 dead, 45 wounded

Afghan cricket stadium attack leaves 8 dead, 45 wounded

Eight people were killed and 45 wounded in a series of explosions targeting a cricket match in the eastern Afghan city of Jalalabad, officials said Saturday, the first attack since the holy month of Ramadan began. The blasts exploded among spectators crow
Published 20 May, 2018 12:00am
Afghan cricket stadium attack leaves 8 dead, 45 wounded

Afghan cricket stadium attack leaves 8 dead, 45 wounded

Eight people were killed and 45 wounded in a series of explosions targeting a cricket match in the eastern Afghan city of Jalalabad, officials said Saturday, the first attack since the holy month of Ramadan began. The blasts exploded among spectators crow
Published 20 May, 2018 12:00am
Sri Lanka warns of Tamil separatist resurgence

Sri Lanka warns of Tamil separatist resurgence

Sri Lanka's president Saturday warned that Tamil extremists were regrouping abroad to revive their demand to divide the island nation nine years after the end of its decades-long ethnic war. Maithripala Sirisena said government forces had failed to quash
Published 20 May, 2018 12:00am
Sri Lanka warns of Tamil separatist resurgence

Sri Lanka warns of Tamil separatist resurgence

Sri Lanka's president Saturday warned that Tamil extremists were regrouping abroad to revive their demand to divide the island nation nine years after the end of its decades-long ethnic war. Maithripala Sirisena said government forces had failed to quash
Published 20 May, 2018 12:00am
A much-needed victory

A much-needed victory

That the Appellate Body of the World Trade Organization (WTO) ruling in favour of Pakistan and against the European Union with respect to the imposition of provisional and definitive countervailing measures by the latter on imports of certain polyethylene
Published 20 May, 2018 12:00am
Blood-soaked ceremony

Blood-soaked ceremony

The opening of the new US embassy in occupied Jerusalem, previously a consulate, on May 14, 2018 was a ceremony marked with the imprimatur of President Donald Trump's unabashed support to Israel, abandoning even the pretence of impartiality that character
Published 20 May, 2018 12:00am
Ensuring safety in oil transportation

Ensuring safety in oil transportation

Pakistan has a vibrant oil marketing sector that is functioning efficiently to provide for the evolving needs of individual as well as corporate clientele. Besides, ensuring seamless supply of various petroleum products across the country, the OMC sector
Published 20 May, 2018 12:00am
PML-N and the 2018 elections

PML-N and the 2018 elections

Sanity seems to have gained ground in the entire PML-N camp as almost all the potential 'electables', who have been warming up for general election have told the party president Shahbaz Sharif that party's supreme leader must refrain from making controver
Published 20 May, 2018 12:00am
US Secretary of State condoles death of Pakistani student Sabika

US Secretary of State condoles death of Pakistani student Sabika

US Secretary of State Pompeo on Saturday sent deepest condolences to the family and friends of Sabika Sheikh, who was killed in the tragic shooting at Santa Fe High School in Texas on Friday. Sabika was in the United States on the State Department-sponsor
Published 20 May, 2018 12:00am
Uproar in legislature after Nusrat points shoe at Deputy Speaker

Uproar in legislature after Nusrat points shoe at Deputy Speaker

Sindh Assembly's post-budget was marred by a rumpus erupted when Pakistan Muslim League-Functional (PML-F) MPA Nusrat Sehar Abbasi pointed her shoe towards Deputy Speaker Shehla Raza. The situation aggravated when Pakistan Peoples Party (PPP) MPA Mir Mumt
Published 20 May, 2018 12:00am
PPP legislators have no respect for women: Nusrat

PPP legislators have no respect for women: Nusrat

Nusrat Sehar Abbasi, an MPA from PML-F, has said that PPP's legislators have no respect for women. "I showed them shoes because this is what they deserve," she said on Saturday, adding that they don't know how to respect their own mothers and sisters. She
Published 20 May, 2018 12:00am
SC moved for directives to stop rigging in elections

SC moved for directives to stop rigging in elections

The Nawa-e-Asatiza Punjab's chairman and founder of Reforms Movement has approached the Supreme Court of Pakistan to seek the apex court's directives to stop rigging in upcoming general elections of 2018. The petitioner Professor Mohsin Raza Joiya also so
Published 20 May, 2018 12:00am
MQM-PIB & Bahadurabad yet to resolve differences

MQM-PIB & Bahadurabad yet to resolve differences

The two factions of Muttahida Qaumi Movement (MQM) Pakistan-Bahadurabad and PIB -are still poles apart to remove their differences after signs of their merger surfaced prominently when both assembled together at Liaquatabad public meeting of the party at
Published 20 May, 2018 12:00am
MQM-P (PIB group) may boycott upcoming polls

MQM-P (PIB group) may boycott upcoming polls

Muttahida Qaumi Movement-Pakistan's (MQM-P) group led by Dr Farooq Sattar has taken a back seat and may boycott the general elections if Election Commission of Pakistan (ECP) fails to restore Sattar as party head.
Published 20 May, 2018 12:00am
Fitrana fixed at Rs 100 per head

Fitrana fixed at Rs 100 per head

The minimum amount of Fitrana and Roza Fidya has been fixed at Rs100 per person for the second consecutive year. This was announced by the Central Ruet-i-Hilal Committee Chairman Mufti Muneebur Rehman in a statement on Saturday.
Published 20 May, 2018 12:00am
Mobile bills tax case: FBR submits reply in SC

Mobile bills tax case: FBR submits reply in SC

The Federal Board of Revenue (FBR), in a reply submitted before the Supreme Court Saturday said that tax ratio imposed on mobile bills consumers in Pakistan is less than other Asian countries including Bangladesh, Malaysia, Thailand and Indonesia. The FBR
Published 20 May, 2018 12:00am
Man accused of murdering wife held in Kohat

Man accused of murdering wife held in Kohat

Kohat police on Saturday arrested alleged killer of his wife Ijaz Muhammad son of Eid Muhammad. The police spokesman said that the police have arrested him from Ali Zai area. Ijaz Muhammad son of Eid Muhammad had allegedly killed his wife Yasmeen Bibi ins
Published 20 May, 2018 12:00am
PPP finalises three names for caretaker Sindh CM

PPP finalises three names for caretaker Sindh CM

Pakistan Peoples Party (PPP) on Saturday finalized three names for interim Chief Minister of Sindh (CM). According to sources, former Election Commissioner Sonu Khan Baloch is favorite candidate for the post while names of Justice (r) Zahid Qurban and for
Published 20 May, 2018 12:00am
Power cuts intensify amid scorching heat

Power cuts intensify amid scorching heat

Announced and unannounced loadshedding continued to trouble citizens in Karachi during the month of Ramadan as outages hit hard several areas Saturday. As temperatures rise in the city, K-Electric carries out further cut in power supply to its consumers.
Published 20 May, 2018 12:00am
ANP condemns terrorist wave in Pakistan, Afghanistan

ANP condemns terrorist wave in Pakistan, Afghanistan

General Secretary ANP, Mian Iftikhar Hussain strongly condemned the recent terrorist incidents of Quetta, Nowshera and Jalalabad (Afghanistan) and paid tributes to the martyred Colonel of the Quetta incident. Mian Iftikhar Hussain expressed sorrow over th
Published 20 May, 2018 12:00am
Naqeeb case: Rao Anwar to be indicted on May 28

Naqeeb case: Rao Anwar to be indicted on May 28

An anti-terrorism court on Saturday postponed the hearing of the Naqeeb murder case till May 28 when it is expected to indict former SSP Malir Rao Anwar and his subordinates on charges of killing a South Waziristan youngster in a fake encounter. During th
Published 20 May, 2018 12:00am
Siraj regrets delay over caretaker PM's appointment

Siraj regrets delay over caretaker PM's appointment

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has deplored that the government and the opposition had not been able to develop consensus regarding the caretaker prime minister so far. At a meeting with the JI Secretary General, Liaqat Baloch and the JI P
Published 20 May, 2018 12:00am
PFA DG visits Ramazan Bazaar

PFA DG visits Ramazan Bazaar

The Punjab Food Authority (PFA) Director General made a surprise visit to Batapur Ramazan Bazaar on Saturday and ordered immediate shutting down of stalls selling unregistered cold drinks and beverages. DG PFA Noor-ul-Amin Mengal took serious notice of su
Published 20 May, 2018 12:00am
Liaquat slams Indian firing at working boundary

Liaquat slams Indian firing at working boundary

Secretary General, Jamaat-e-Islami, Liaqat Baloch, who is also Secretary General of the MMA, has strongly condemned unprovoked Indian firing at the Sialkot working boundary resulting in six deaths. Addressing an Iftar party in the city, he said that India
Published 20 May, 2018 12:00am
Amnesty's success to help stabilize exchange rate: Bostan
Currency

Amnesty's success to help stabilize exchange rate: Bostan

Forex Association of Pakistan (FAP) President Malik Bostan Saturday said successful amnesty scheme will help stabilize the exchange rate in the open currency market. Commenting on the amnesty scheme, he said the amnesty scheme is a good opportunity for th
Published 20 May, 2018 12:00am
Havilian-Domthor Bridge: FWO asked to accelerate pace of work

Havilian-Domthor Bridge: FWO asked to accelerate pace of work

KP Chief Minister Pervez Khattak has directed the Frontier Works Organization (FWO) for acceleration of pace of work on Havilian-Domthor Bridge and in future turning it into dual carriage in future and maintaining its suitable expansion and block topping
Published 20 May, 2018 12:00am
Dr Amjad new Pesco chief

Dr Amjad new Pesco chief

Engineer Dr Muhammad Amjad Khan has taken over charge as Chief Executive Officer of the Peshawar Electric Supply Company (Pesco) and has started discharging his official responsibilities. On this occasion he vowed that he will utilize all his energies for
Published 20 May, 2018 12:00am
Food packages for 37 families in Jamrud

Food packages for 37 families in Jamrud

The political administration, Jamrud distributed food package among the 37 families of martyred Levies and Khasadar force on Saturday. In this connection a simple gathering was organized in the Tehsil that was attended by heirs of deceased Levies and Khas
Published 20 May, 2018 12:00am
Capital witnesses upward trend in crimes

Capital witnesses upward trend in crimes

The overall crime rate registered an upward trend in the federal capital during the last week, as over 11 cases of various kinds of thefts, five cases of car lifting, three cases of kidnapping and one murder case were reported to various police stations o
Published 20 May, 2018 12:00am
Exporters resent delay in exemption from load-shedding

Exporters resent delay in exemption from load-shedding

Exporters kept making hue and cry throughout Saturday over delay in exempting power-dependent manufacturing units from loadshedding. They challenged the government's claim of adding 10,000 megawatt electricity to the system, saying what the use of such a
Published 20 May, 2018 12:00am
Punjab Agriculture Expo 2018 in June

Punjab Agriculture Expo 2018 in June

The Punjab Agriculture Department is going to organise another expo named as 'Punjab Agri Expo 2018' on June 23 & 24, 2018 at the Expo Centre Lahore. It will be an ultimate opportunity for growers, processors and exporters to develop National as well as I
Published 20 May, 2018 12:00am
LCCI urges government to improve power T&D system

LCCI urges government to improve power T&D system

The Lahore Chamber of Commerce & Industry has urged the government to improve power transmission and distribution system with its own resources to avoid huge power shut downs. LCCI President Malik Tahir Javaid said that country has witnessed some massive
Published 20 May, 2018 12:00am
Emirates' Skywards programme offers more rewards

Emirates' Skywards programme offers more rewards

Emirates Skywards has made it even easier to redeem reward flights and earn travel and lifestyle rewards by giving members more flexibility in managing their Skywards Miles. Members of Emirates' award-winning loyalty programme can now buy, gift or transfe
Published 20 May, 2018 12:00am
Threat alert issued for Lahore

Threat alert issued for Lahore

The law enforcement agencies have been ordered to increase security in provincial capital in view of a threat alert issued for the city. According to reports, terrorists along with suicide bombers have entered Lahore. The National Counter Terrorism Author
Published 20 May, 2018 12:00am
Ramazan Family Festival held at Expo centre

Ramazan Family Festival held at Expo centre

Interconnect Global (Pvt) Limited is organizing Ramazan Family Festival in the last Ashra of Ramazan from Iftari to Sehri at Expo center Lahore. Directors Interconnect Wasim Zakaria and Ameena Cheema said that Eid Bazars provide an opportunity to the busi
Published 20 May, 2018 12:00am
Bilawal grieved over killing of students in US

Bilawal grieved over killing of students in US

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has expressed grief and shock over the killings of innocent students in US town of Santa Fe in Texas. In a statement, the PPP Chairman said that killings of Pakistani Sabika Aziz and other innocent st
Published 20 May, 2018 12:00am
Need for enhancing trade among Saarc member countries stressed

Need for enhancing trade among Saarc member countries stressed

Regional Connectivity through One-Belt-One-Road (OBOR) initiative of China has opened new avenues of Industrial and commercial activities in South Asian countries and the SAARC Chamber of Commerce & Industry (SCCI) should play a proactive role to exploit
Published 20 May, 2018 12:00am
Karak shopkeepers urged to display official price list

Karak shopkeepers urged to display official price list

Price Review Committee decided to implement the official price list with letter and spirit in the district Karak and resolved to give a sigh of relief to the poor segment of the society. This was decided in the price review committee meeting held in the d
Published 20 May, 2018 12:00am
Hamza foresees victory in elections

Hamza foresees victory in elections

Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shehbaz MNA has said that people will decide in the upcoming elections that who has served them and who remained involve in the politics of deceit.
Published 20 May, 2018 12:00am
National security should not be put at stake: Sharjeel

National security should not be put at stake: Sharjeel

Former Information Minister of Sindh, Sharjeel Memon on Saturday criticized statement of former PM, Nawaz Sharif about Mumbai Attacks and said one should not put national security on stake for politics. Talking to the newsmen outside Accountability Court
Published 20 May, 2018 12:00am
NHA revises upward PC-I for E-75 project

NHA revises upward PC-I for E-75 project

National Highway Authority (NHA) has revised upward the PC-I for construction of Islamabad-Muzaffarabad Road Project (E-75) from Rs8.24 billion to Rs12.66 billion. The National Highway Authority (NHA) Executive Board has recommended the revised PC-I for c
Published 20 May, 2018 12:00am
Asif submits reply in Supreme Court

Asif submits reply in Supreme Court

Former foreign minister Khawaja Asif on Saturday has submitted written reply in Supreme Court (SC) over his disqualification issue. In his reply, Asif said constitution or law doesn't bar anyone to work as a member of National Assembly (NA), adding that m
Published 20 May, 2018 12:00am
Saad, Hinjra repose confidence in Shahbaz's leadership

Saad, Hinjra repose confidence in Shahbaz's leadership

Railways Minister Khwaja Saad Rafique and MNA Sultan Mehmud Hinjra called on President of PML-N and Chief Minister Punjab Shahbaz Sharif and expressed their confidence in his leadership. Speaking on the occasion, CM Shahbaz Sharif said we have worked day
Published 20 May, 2018 12:00am
JI leader stresses need for across-the-board accountability

JI leader stresses need for across-the-board accountability

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa Ameer, Senator Mushtaq Ahmad Khan has called for an across-the-board accountability to prove that there are no "sacred cows". Mushtaq Ahmad in a press statement issued here on Saturday said that accountability of a
Published 20 May, 2018 12:00am
Punjab Arms Licence contract with Nadra extended

Punjab Arms Licence contract with Nadra extended

Government of Punjab and NADRA sign contract extension of Punjab Arms License (2018-2020). The contract extension was signed by Chairman NADRA Usman Mobin and Additional Chief Secretary Home Punjab Major Azam Suleman in Lahore Saturday. Computerisation of
Published 20 May, 2018 12:00am
'Paper industry needs government's attention for better performance'

'Paper industry needs government's attention for better performance'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said paper industry needs immediate attention by government so that its performance may increase further and the sector may flourish in accordance to the available poten
Published 20 May, 2018 12:00am
NAB approves inquiry against owners of Khayaban-i-Amin Housing Society

NAB approves inquiry against owners of Khayaban-i-Amin Housing Society

The National Accountability Bureau (NAB) on Saturday approved inquiry against owners of Khayaban-i-Amin Housing Society and Director General Punjab Workers Welfare Board. According to details, a direct inquiry has been authorized against owners of Khayaba
Published 20 May, 2018 12:00am
Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items have witnessed a mixed trend during this week past against the preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed a slight increase in the prices of onions, potat
Published 20 May, 2018 12:00am
China's buyers balk at US corn on trade fears,GMO controls

China's buyers balk at US corn on trade fears,GMO controls

China's purchases of US corn have slowed significantly due to worries the grain might be drawn into the trade spat between the world's two largest economies, and as Chinese customs keeps the brakes on clearances for cargoes, four traders told Reuters. Chi
Published 20 May, 2018 12:00am
Cocoa farmers in Ivory Coast concerned about intense rainfall

Cocoa farmers in Ivory Coast concerned about intense rainfall

Above-average rainfall in some of Ivory Coast's southern cocoa-growing regions last week could affect the quality of mid-crop harvests, farmers said on Monday. The world's top cocoa producer is in the midst of the rainy season, and authorities said they w
Published 20 May, 2018 12:00am
Suedzucker to step up exports to boost revenues after sugar price slump

Suedzucker to step up exports to boost revenues after sugar price slump

Suedzucker, Europe's largest sugar refiner, said it is suffering from the steep fall in sugar prices in recent months and plans to step up exports to try and compensate. "The drastic fall in sugar prices to a historically low level can by no means be comp
Published 20 May, 2018 12:00am
Colombia approves $13.5 million for coffee tree replacements
Currency

Colombia approves $13.5 million for coffee tree replacements

Colombia will spend 39 billion pesos ($13.5 million) on coffee tree replacements this year, the government said on Wednesday, after the growers' federation called repeatedly for aid for farmers amid lower prices and the adverse effects of a stronger peso.
Published 20 May, 2018 12:00am
UAE trader looking to expand into gold refining in Africa

UAE trader looking to expand into gold refining in Africa

Privately held gold trader Sakthi Trading Group is planning to build two gold refineries in Africa and is looking for investors for the projects, company executives said on Tuesday. The group, headquartered in the United Arab Emirates, is seeking a total
Published 20 May, 2018 12:00am
Warm weather helps EU maize planting but raises yield risk

Warm weather helps EU maize planting but raises yield risk

Warm, dry weather in the past month has helped European farmers catch up on maize planting but crops could start to suffer unless regular rain returns, analysts said. Planting of maize (corn) is winding down in the European Union, including in top produce
Published 20 May, 2018 12:00am
Proponent of 'grain OPEC' returns to Russian government

Proponent of 'grain OPEC' returns to Russian government

A veteran of the Russian farm sector who once lobbied for the creation of a "grain OPEC" was appointed deputy prime minister in charge of agriculture on Friday. Alexei Gordeyev, 63, was agriculture minister for 10 years until 2009, when he became head of
Published 20 May, 2018 12:00am
Palladium market deficit to top one million ounce this year

Palladium market deficit to top one million ounce this year

The palladium market shortfall is expected to rise above 1 million ounces this year, research group Metals Focus said in a report on Monday, while the platinum market surplus is tipped to persist for a third year. Palladium is seen in a 1.239 million ounc
Published 20 May, 2018 12:00am
How reliable are initial carryout forecasts for US crops?

How reliable are initial carryout forecasts for US crops?

The US Department of Agriculture just released initial supply and demand outlooks for the upcoming marketing year, though many market participants take these numbers, especially those for ending stocks, with a grain of salt. This is a valid approach given
Published 20 May, 2018 12:00am
Mauritius 2018 sugar output seen slipping

Mauritius 2018 sugar output seen slipping

Mauritius sugar production is expected to fall slightly this year to 350,000 tonnes from 355,213 tonnes in 2017, the Indian Ocean island's Chamber of Agriculture said on Wednesday. Although sugar has lost its status as the bedrock of the country's economy
Published 20 May, 2018 12:00am
Harry and Meghan marry in emotional star-studded pageant

Harry and Meghan marry in emotional star-studded pageant

Prince Harry and Meghan Markle tied the knot on Saturday in a star-studded Windsor Castle ceremony watched the world over, that married British tradition and US razzmatazz. The new Duke and Duchess of Sussex exchanged vows at the altar in St. George's Cha
Published 20 May, 2018 12:00am
19 dead as truck overturns in India

19 dead as truck overturns in India

A truck overturned in India on Saturday killing 19 labourers who were crushed under cement sacks that fell from the vehicle as it toppled, police said. Six others were injured in the accident which happened on a busy highway in western Gujarat state, the
Published 20 May, 2018 12:00am
Five killed in Cambodia lightning strike

Five killed in Cambodia lightning strike

Five people, including a four-year-old child, were killed instantly in a lightning strike in southwestern Cambodia, officials said Friday, as the onset of the rainy season draws near. The group was sheltering from a downpour in a mountainous area of Koh K
Published 20 May, 2018 12:00am
Three Palestinians wounded in Monday protests die

Three Palestinians wounded in Monday protests die

Three Palestinians have died from their wounds days after being shot by Israeli troops during protests in the Gaza Strip, the territory's health ministry said Saturday. Their deaths bring to 62 the total number of Palestinians killed by Israeli gunfire on
Published 20 May, 2018 12:00am
UN, EU call for global action to protect bees

UN, EU call for global action to protect bees

The United Nation's food agency and the European Union on Saturday called for global action to protect pollinators, and bees in particular, which are crucial for ensuring food security. "It is not possible to have food security if we don't have pollinator
Published 20 May, 2018 12:00am
Chinese bombers make debut landing on disputed South China Sea runway

Chinese bombers make debut landing on disputed South China Sea runway

China has for the first time landed several bombers on an island in the disputed South China Sea, a move that could provoke renewed tensions between countries bordering the strategically vital maritime region. Several bombers of various types - including
Published 20 May, 2018 12:00am
Hitler definitely died in 1945 according to new study of his teeth

Hitler definitely died in 1945 according to new study of his teeth

Adolf Hitler definitely died in 1945 in Berlin, from taking cyanide and a bullet, according to French researchers who were given rare access to fragments of the dictator's teeth held in Moscow. "The teeth are authentic, there is no possible doubt. Our stu
Published 20 May, 2018 12:00am
Malaysia's ex-PM Najib rails at police, wife warns of 'public trial'

Malaysia's ex-PM Najib rails at police, wife warns of 'public trial'

Malaysia's scandal-hit former leader Najib Razak and his wife hit out at the media and police on Saturday, after investigators seeking evidence of corruption were filmed seizing box loads of jewellery, luxury handbags and cash. Following a surprise victor
Published 20 May, 2018 12:00am
Cleric Sadr wins Iraq poll but forming government far off

Cleric Sadr wins Iraq poll but forming government far off

Final results from Iraq's election confirmed Saturday that an alliance spearheaded by populist cleric Moqtada Sadr has triumphed, but the fiery preacher faces a huge task to form a governing coalition. Sadr's Marching Towards Reform bloc won 54 of the 329
Published 20 May, 2018 12:00am
Chinese Terracotta Warriors archaeologist dies

Chinese Terracotta Warriors archaeologist dies

The Chinese archaeologist credited with discovering the emblematic ancient Terracotta Warriors, Zhao Kangmin, has died aged 82, state media said. Zhao was the first archaeologist to identify fragments of terracotta found by local farmers digging a well in
Published 20 May, 2018 12:00am
DR Congo reports three new Ebola cases

DR Congo reports three new Ebola cases

Three new Ebola cases have been confirmed in the Democratic Republic of Congo's sprawling northwest taking the number of suspected infections to 43, the health minister said in a statement seen Saturday. Alarm bells sounded on Thursday after the outbreak,
Published 20 May, 2018 12:00am
Catalan president names jailed, exiled ministers to government

Catalan president names jailed, exiled ministers to government

Catalonia's new president Quim Torra on Saturday named two former ministers, jailed by Madrid for backing independence from Spain, together with two others who fled into exile, to his regional government. Torra appointed his government by decree, but it c
Published 20 May, 2018 12:00am
Thousands of Croatians march against abortion

Thousands of Croatians march against abortion

Thousands of anti-abortion demonstrators took to the streets in Croatia's three biggest cities on Saturday in rallies that largely passed without incident, even as the issue continues to divide the staunchly Catholic EU member state. Police estimated that
Published 20 May, 2018 12:00am
Hundreds in Bangkok mark anniversary of army crackdown

Hundreds in Bangkok mark anniversary of army crackdown

Hundreds of people gathered in Bangkok on Saturday to mark the anniversary of a deadly army crackdown on an anti-government protest in 2010 that killed 91 people and injured hundreds, as pressure builds on the ruling junta to hold a general election. The
Published 20 May, 2018 12:00am
Two North Koreans defect to South

Two North Koreans defect to South

Two North Koreans defected to the South across the Yellow Sea on Saturday, a South Korean news report said, citing a government source. "A small boat was spotted in waters off the north of Baengnyeong Island" near the inter-Korean border, the source told
Published 20 May, 2018 12:00am
Helicopters rescue residents from fresh Hawaii volcano lava flow

Helicopters rescue residents from fresh Hawaii volcano lava flow

Helicopters were rushed in to rescue four trapped residents after lava flowing from Hawaii's Kilauea volcano isolated a cluster of homes, as the US Geological Survey said Saturday an explosion from its crater sent ash pouring into the sky. Hawaii County M
Published 20 May, 2018 12:00am
Police, rebels among seven killed in Chechnya church attack

Police, rebels among seven killed in Chechnya church attack

An attack on an Orthodox church Saturday in the mainly Muslim southern Russian republic of Chechnya killed two policemen and a civilian and left four rebels dead, officials said. "According to early information, two policemen in charge of security at the
Published 20 May, 2018 12:00am
Former EU Parliament chief Nicole Fontaine dies

Former EU Parliament chief Nicole Fontaine dies

French former European Parliament chief Nicole Fontaine has died at the age of 76, officials said Friday, with President Emmanuel Macron hailing her decades-long "fight for the European project". Fontaine, a centre-right former lawyer who led the EU assem
Published 20 May, 2018 12:00am
Burundi opposition rejects referendum result

Burundi opposition rejects referendum result

The coalition led by main opposition leader Agathon Rwasa said Saturday it did not recognise the result of a referendum on constitutional reforms that could leave President Pierre Nkurunziza in power until 2034. With provisional returns from all but one o
Published 20 May, 2018 12:00am
Indian state chief resigns to avoid vote of confidence

Indian state chief resigns to avoid vote of confidence

The chief minister of a key Indian state plunged into a political crisis that saw Supreme Court hearings and accusations of bribery quit Saturday after admitting he did not have enough support to form a government. B.S. Yeddyurappa of the Hindu nationalis
Published 20 May, 2018 12:00am
Macedonia must revise constitution before name deal: Greece

Macedonia must revise constitution before name deal: Greece

A 27-year name row between Greece and Macedonia cannot be resolved without consitutional revision in the neighbouring country, Greek Prime Minister Alexis Tsipras said Saturday amid hopes for a June deal. Two days after a closely watched meeting with his
Published 20 May, 2018 12:00am
Cuba mourns after 107 killed in airliner crash

Cuba mourns after 107 killed in airliner crash

Cuba began two days of national mourning Saturday for victims of the crash of a state airways plane that killed all but three of its 110 passengers and crew. President Miguel Diaz-Canel said an investigation was under way into Friday's crash of the nearly
Published 20 May, 2018 12:00am
Badminton federation swats down new scoring plan

Badminton federation swats down new scoring plan

Badminton's global governing body swatted down a plan on Saturday to adopt a new scoring system that favours faster matches after players and associations expressed angst over the proposed changes.
Published 20 May, 2018 12:00am
Afridi confirms playing for World XI T20

Afridi confirms playing for World XI T20

All-rounder Shahid Afridi has confirmed playing a T20 international cricket match for ICC World XI against the West Indies. Afridi confirmed this via Twitter saying, "I feel strongly to support this as a cricketer & Muslim." Afridi said that he is followi
Published 20 May, 2018 12:00am
Buffon bids tearful farewell to Juventus

Buffon bids tearful farewell to Juventus

Italy great Gianluigi Buffon played his final game for Juventus on Saturday before tearfully exiting after a trophy-laden 17-year career in a 2-1 win over already relegated Verona.
Published 20 May, 2018 12:00am
Balotelli gets Italy recall

Balotelli gets Italy recall

New Italy coach Roberto Mancini on Saturday recalled Nice striker Mario Balotelli for three friendlies against Saudi Arabia, France and the Netherlands.
Published 20 May, 2018 12:00am
Pakistan Street Child Football team returns

Pakistan Street Child Football team returns

The runner-up team of the Street Child Football World Cup, Pakistan landed home on early Saturday morning. The team was welcomed by Minister of State for Religious Affairs and Inter-Faith Harmony Pir Muhammad Amin-ul Hasnat, chairman and other football lo
Published 20 May, 2018 12:00am
Svitolina reaches second straight Rome final

Svitolina reaches second straight Rome final

Defending champion Elina Svitolina moved one win away from her second title at the Italian Open on Saturday with a 6-4, 6-3 defeat of Anett Kontaveit. Fourth-ranked Svitolina is aiming for her third title of the season following victories in Brisbane and
Published 20 May, 2018 12:00am
Celtic complete 'double treble' with Scottish Cup win

Celtic complete 'double treble' with Scottish Cup win

Celtic's dominance of Scottish football continued as they completed a treble of domestic trophies for the second consecutive season with a 2-0 victory over Motherwell in the Scottish Cup final on Saturday. Stunning first-half strikes from Callum McGregor
Published 20 May, 2018 12:00am
Darren Moore named West Brom manager

Darren Moore named West Brom manager

West Brom confirmed the appointment of Darren Moore as their new manager on Friday, with the relegated club targeting an immediate return to the Premier League. The 44-year-old's temporary reign over the final six games of the 2017/18 Premier League campa
Published 20 May, 2018 12:00am
Investors bearish on most Asian currencies as US yields climb
Currency

Investors bearish on most Asian currencies as US yields climb

Investors turned bearish on most Asian currencies in the past two weeks as surging US bond yields pushed the dollar higher, a Reuters poll showed, with short positions in the Indian Rupee at the highest level in 9 months. The yield on the 10-year US Treas
Published 20 May, 2018 12:00am
Speculators cut net short dollar bets; bitcoin shorts up
Currency

Speculators cut net short dollar bets; bitcoin shorts up

Speculators' net short dollar position slid to its lowest level in 12 weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position was $9.82 billion in the week en
Published 20 May, 2018 12:00am
Brazilian real, Mexican peso dip
Currency

Brazilian real, Mexican peso dip

The Brazilian and Mexican currencies weakened and stocks across Latin America fell on Friday as a global emerging-market selloff drove many investors to unwind bets on stronger currencies despite increased central bank intervention. The real fell as much
Published 20 May, 2018 12:00am
Dollar touches five-month peak as euro slides on Italy concerns
Currency

Dollar touches five-month peak as euro slides on Italy concerns

The dollar rose to a five-month high against a basket of major currencies on Friday, helped by weakness in the euro as investors fretted about political uncertainty in Italy. The dollar index has climbed for five straight sessions, posting a 1.2 percent w
Published 20 May, 2018 12:00am
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar weakened against the greenback on Friday as an uncertain outlook for the NAFTA trade pact and weaker-than-expected domestic inflation data clipped expectations for a Bank of Canada interest rate hike as early as this month. Mexico's Ec
Published 20 May, 2018 12:00am
LatAm currencies to recoup recent losses
Currency

LatAm currencies to recoup recent losses

Latin American currencies will likely recoup much of their recent losses in coming months, the latest Reuters poll of currency market strategists showed, casting doubt over warnings of a 2013-style tantrum. Forecasts for where the six main Latin American
Published 20 May, 2018 12:00am
Iran says oil export drop not expected if EU saves nuclear deal

Iran says oil export drop not expected if EU saves nuclear deal

Iranian Oil Minister Bijan Zanganeh said on Saturday that US President Donald Trump's decision to quit a multinational nuclear deal would not affect Tehran's oil exports if the EU could salvage the pact. "Every new decision in Opec needs unanimity... I be
Published 20 May, 2018 12:00am
Vitol, Glencore, Shell in running for Petrobras' Nigerian assets

Vitol, Glencore, Shell in running for Petrobras' Nigerian assets

The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this
Published 20 May, 2018 12:00am
US says China trade talks going well, but 'no deal yet'

US says China trade talks going well, but 'no deal yet'

President Donald Trump's top economic aide said talks to ease a major trade dispute between the United States and China were "going well," but a deal remained elusive on Friday. Trump has demanded China reduce its trade surplus with the United States, spa
Published 20 May, 2018 12:00am
Kazakhstan aims to end row over Karachaganak field within a month

Kazakhstan aims to end row over Karachaganak field within a month

Kazakhstan aims to settle its profit-sharing dispute with energy majors developing the Karachaganak gas condensate field within a month, the energy minister said on Thursday. The former Soviet republic expects a large one-off payment from the companies an
Published 20 May, 2018 12:00am
BP chief sees shale, Opec cooling oil markets

BP chief sees shale, Opec cooling oil markets

BP Chief Executive Bob Dudley expects a flood of US shale and the reopening of Opec taps to cool the oil market after crude rose above $80 a barrel this week. US President Donald Trump's decision to exit an international nuclear deal with Iran and revive
Published 20 May, 2018 12:00am
China steel capacity to be brought below 1 billion tonnes by 2025

China steel capacity to be brought below 1 billion tonnes by 2025

China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025, the president of the country's steel industry association said, adding that national demand for the metal is set to decline gradually. With mor
Published 20 May, 2018 12:00am
Liikanen declines to rule out ECB top job

Liikanen declines to rule out ECB top job

Bank of Finland Governor Erkki Liikanen declined on Saturday to rule out his candidacy for the job of head of the European Central Bank, although he said he was not campaigning for it. Liikanen, 67, has been seen as a potential compromise candidate from a
Published 20 May, 2018 12:00am
US gun lobby takes aim at 'gun-hating' banks Citi, BofA

US gun lobby takes aim at 'gun-hating' banks Citi, BofA

The US gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists. The attack by Gun Owners of America and the National Ri
Published 20 May, 2018 12:00am
New York art sales near $3 billion

New York art sales near $3 billion

Global buyers have dropped nearly $3 billion on art in New York in two weeks, a record haul rooted in a billionaire thirst for trophies, Chinese purchasing power and growing diversification. Christie's chalked up $1.79 billion in sales, including every si
Published 20 May, 2018 12:00am
Farmers worldwide struggle with rising fuel costs
Currency

Farmers worldwide struggle with rising fuel costs

Farmers worldwide are feeling the pinch as fuel costs rise to near four-year highs just as they plant and harvest their fields, eroding agricultural income already hamstrung by depressed crop prices. The agricultural sector from the United States to Russi
Published 20 May, 2018 12:00am
Kenya oil production on course after agreement on revenue share

Kenya oil production on course after agreement on revenue share

Kenya will start the small scale export of crude oil from its fields in the far northern county of Turkana in June after an agreement on how to share the revenue, averting delays, the presidency said on Saturday. Tullow Oil and its partner Africa Oil disc
Published 20 May, 2018 12:00am
Campbell Soup CEO quits; company cuts forecast

Campbell Soup CEO quits; company cuts forecast

Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, as the company issued a bleak forecast for the year and said it would embark on a review of its many brands. Campbell's shares slumped 12 percent in mid-afternoo
Published 20 May, 2018 12:00am
IMF says Argentina loan terms under discussion
Currency

IMF says Argentina loan terms under discussion

The board of the International Monetary Fund on Friday concluded an informal meeting on a loan program for Argentina but offered scant new details on the nature of pending support for the troubled Latin American economy. In a statement, IMF Managing Direc
Published 20 May, 2018 12:00am
Wall Street posts weekly loss as banks, chipmakers weigh

Wall Street posts weekly loss as banks, chipmakers weigh

The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with US-China trade talks. All three major US stock indexes posted a weekly loss as the markets reacted to reports fr
Published 20 May, 2018 12:00am
TSX rises

TSX rises

The Toronto Stock Exchange's S&P/TSX rose 18.76 points, or 0.12 percent, to 16,162.31, extending its recent streak of higher closes to an 11th day. The biggest contributor to the TSX gain was TransCanada with 7.6 net index points. Health care was the top
Published 20 May, 2018 12:00am
Italian markets hammered by fears of government spending binge

Italian markets hammered by fears of government spending binge

Italy's long-term borrowing costs jumped to more than seven-month highs on Friday while stocks in Milan fell more than one percent after two anti-establishment parties pledged to increase spending in a deal to form a new coalition government. After the Le
Published 20 May, 2018 12:00am
US 10-year yield falls from near seven-year peak

US 10-year yield falls from near seven-year peak

US 10-year Treasury yields declined on Friday from a near seven-year high as buyers emerged following a bond market sell-off earlier this week spurred by worries about growing inflation and government borrowing. Some technical indicators suggested the Tre
Published 20 May, 2018 12:00am
US 10-year yield falls from near seven-year peak

US 10-year yield falls from near seven-year peak

US 10-year Treasury yields declined on Friday from a near seven-year high as buyers emerged following a bond market sell-off earlier this week spurred by worries about growing inflation and government borrowing. Some technical indicators suggested the Tre
Published 20 May, 2018 12:00am
Kazakhstan's new financial hub seeks IPO monopoly

Kazakhstan's new financial hub seeks IPO monopoly

Kazakhstan's new foreign investment hub the Astana International Financial Centre (AIFC) has asked the government for exclusive rights to public offerings of some of the country's most prized assets due to be sold later this year. The Central Asian nation
Published 20 May, 2018 12:00am
Kazakhstan's new financial hub seeks IPO monopoly

Kazakhstan's new financial hub seeks IPO monopoly

Kazakhstan's new foreign investment hub the Astana International Financial Centre (AIFC) has asked the government for exclusive rights to public offerings of some of the country's most prized assets due to be sold later this year. The Central Asian nation
Published 20 May, 2018 12:00am
UK draws record 37.8 billion stg investor demand for new 2071 bond

UK draws record 37.8 billion stg investor demand for new 2071 bond

Britain received a record 37.8 billion pounds ($51 billion) of demand at the launch of a new bond maturing in 2071, showing continued strong investor appetite for British government debt. The UK Debt Management Office said it would issue 6 billion pounds
Published 20 May, 2018 12:00am
UK draws record 37.8 billion stg investor demand for new 2071 bond

UK draws record 37.8 billion stg investor demand for new 2071 bond

Britain received a record 37.8 billion pounds ($51 billion) of demand at the launch of a new bond maturing in 2071, showing continued strong investor appetite for British government debt. The UK Debt Management Office said it would issue 6 billion pounds
Published 20 May, 2018 12:00am
UAE firm plans Abu Dhabi-listed ETF to play Saudi equities boom

UAE firm plans Abu Dhabi-listed ETF to play Saudi equities boom

A United Arab Emirates financial firm plans to create an exchange-traded fund focused on Saudi Arabian equities and list it on the Abu Dhabi Securities Exchange, tapping into surging regional demand for Saudi shares. Only a few exchange-traded fund (ETFs)
Published 20 May, 2018 12:00am
Greece plans more bond issues to shore up post-bailout future

Greece plans more bond issues to shore up post-bailout future

Greece wants to tap bond markets twice before year-end and may sell its first 10-year issue for a decade, in an effort to convince investors that it does not need any more external aid after its bailout programme ends in August, sources said. The heavily
Published 20 May, 2018 12:00am
Greece plans more bond issues to shore up post-bailout future

Greece plans more bond issues to shore up post-bailout future

Greece wants to tap bond markets twice before year-end and may sell its first 10-year issue for a decade, in an effort to convince investors that it does not need any more external aid after its bailout programme ends in August, sources said. The heavily
Published 20 May, 2018 12:00am
US bank stock gains may stall after two-year rally

US bank stock gains may stall after two-year rally

After two years of sharp gains for US bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably. The S&P 500 bank sector index beat first quarter earnings estimates
Published 20 May, 2018 12:00am
US bank stock gains may stall after two-year rally

US bank stock gains may stall after two-year rally

After two years of sharp gains for US bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably. The S&P 500 bank sector index beat first quarter earnings estimates
Published 20 May, 2018 12:00am
Brazilian farmers selling corn as prices spike from drought
Currency

Brazilian farmers selling corn as prices spike from drought

Brazilian farmers are committing corn from the 2019 crop before the 2018 harvest concludes, locking in sharp price rises as a drought reduced output in Argentina as well as in fields of Brazil. "I've sold more of my 2019 corn than this year's product," sa
Published 20 May, 2018 12:00am
EU wheat futures rise to one-week high

EU wheat futures rise to one-week high

European wheat futures rose to a one-week high on Thursday, supported by weakness in the euro and dry weather in several major wheat-growing zones worldwide. Benchmark December milling wheat on Paris-based Euronext settled up 2.50 euros, or 1.4 percent, a
Published 20 May, 2018 12:00am
Taiwan buys 83,350 tonnes of US Wheat

Taiwan buys 83,350 tonnes of US Wheat

The Taiwan Flour Millers' Association has purchased 83,350 tonnes of milling wheat to be sourced from the United States in an international tender which closed on Wednesday, European traders said. The wheat was bought in two consignments for shipment from
Published 20 May, 2018 12:00am
Germany's wheat and rapeseed crops seen down

Germany's wheat and rapeseed crops seen down

The association of German farm cooperatives on Wednesday forecast that Germany's 2018 wheat crop would fall 2.0 percent from 2017 to 23.98 million tonnes. The cooperatives forecast Germany's 2018 winter rapeseed crop would fall 3.3 percent to 4.12 million
Published 20 May, 2018 12:00am
Brazil's 2018 coffee crop seen at record 58.04 million bags

Brazil's 2018 coffee crop seen at record 58.04 million bags

Brazil's 2018 coffee crop is expected to reach 58.04 million 60-kg bags, surpassing a previous record of 51.37 million bags in 2016, Brazil's agricultural statistics agency Conab said in a report on Thursday. Conab revised its January projection that had
Published 20 May, 2018 12:00am
US soyabean futures lower

US soyabean futures lower

US soyabean futures fell to their lowest in 1-1/2 months on Thursday on pressure from signs of weak export demand, traders said. Soyameal futures also closed lower while soyaoil firmed as traders unwound long soyameal/short soyaoil spreads. The US Agricul
Published 20 May, 2018 12:00am
Jordan buys 60,000 tonnes of wheat

Jordan buys 60,000 tonnes of wheat

Jordan's state grains buyer purchased 60,000 tonnes of hard milling wheat to be sourced from optional origins in a tender for up to 120,000 tonnes which closed on Wednesday, European traders said. It was bought at $224.50 a tonne c&f for shipment in the f
Published 20 May, 2018 12:00am
Asian gasoline hits 3-1/2 month high

Asian gasoline hits 3-1/2 month high

Asia's gasoline crack hit a 3-1/2 month high of $9.86 a barrel on Thursday, driven by demand as Indonesia was seeking higher-than-usual volumes of cargoes from the spot market. Pertamina, Asia's top gasoline importer, was looking for at least 700,000 barr
Published 20 May, 2018 12:00am
Intense rainfall hits Ivory Coast's cocoa mid-crop

Intense rainfall hits Ivory Coast's cocoa mid-crop

Above-average rainfall in some parts of Ivory Coast's southern cocoa-growing regions last week could affect the quality of mid-crop harvests, farmers said on Monday. The world's top cocoa producer is in the midst of the rainy season, and authorities said
Published 20 May, 2018 12:00am
Palm oil higher on European vegoils market
Vegetable Oil

Palm oil higher on European vegoils market

Palm oil on the European vegetable oils market rose on Thursday, tracking gains in Malaysian palm oil futures on bargain buying and as a weaker ringgit sparked hopes for improved export demand. Asking prices for palm oil were between $2.50 and $15 per ton
Published 20 May, 2018 12:00am
Soyameal lower on European feeds market

Soyameal lower on European feeds market

Soyameal on the European meals and feeds market edged lower, slipping on the back of a strong dollar and weaker CBOT soyameal futures a day earlier. South American soyameal was offered between $1 and $4 a tonne lower, with prices mostly fixed on Wednesday
Published 20 May, 2018 12:00am
US wheat futures rise

US wheat futures rise

US wheat futures rose on Thursday, supported by concerns about dry conditions limiting harvest yields in key production areas around the world, traders said. Weak export demand limited the gains. The US Department of Agriculture said weekly export sales o
Published 20 May, 2018 12:00am
South Korea's NOFI to buy feed wheat

South Korea's NOFI to buy feed wheat

South Korea's largest feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up to 69,000 tonnes of feed wheat, European traders said on Friday. The grain can be sourced from any origin and the tender deadline is May 18. Arriva
Published 20 May, 2018 12:00am
Trade activity rises on cotton market
Cotton

Trade activity rises on cotton market

Trading activity improved on the cotton market on Saturday despite tight supply of lint cotton, dealers said. The official spot rate was unchanged at Rs 7400, they added. In the ready session, around 3000 bales of cotton changed hands between Rs 6300-7500
Published 20 May, 2018 12:00am
Indian rice prices fall; Vietnam's hit four-year high

Indian rice prices fall; Vietnam's hit four-year high

Rice prices in top exporter India fell this week to their lowest in five months as the rupee depreciated, while rates in Vietnam hit a four-year high amid stronger demand and limited supplies. India's 5 percent broken parboiled variety prices dropped by $
Published 20 May, 2018 12:00am
Brazilian farmers looking to expand soyabean acreage

Brazilian farmers looking to expand soyabean acreage

Brazilian farmers looking to expand soyabean acreage next season to meet strong Chinese appetite will have to weigh rising land costs in farm country, growers and analysts said on a crop tour of fields in Mato Grosso. Producers in the country's No.1 grain
Published 20 May, 2018 12:00am
China's iron ore, coking coal fall for second day

China's iron ore, coking coal fall for second day

China's iron ore and other steelmaking raw materials slipped for a second session on Thursday, while analysts said they expect softer demand in the coming months as the country shifts its focus from heavy industries to services. The most-active iron ore f
Published 20 May, 2018 12:00am
Indonesia's coffee harvest seen early; Vietnam's trade slows

Indonesia's coffee harvest seen early; Vietnam's trade slows

Indonesia's coffee premiums tightened on expectations of an early harvest this year, while trade in Vietnam was slow as prices in the London market fell, traders said on Thursday. Premiums for Indonesia's grade 4 defect 80 robusta retreated to $40-$50 a t
Published 20 May, 2018 12:00am
Bangladesh tea prices up

Bangladesh tea prices up

Tea prices in Bangladesh climbed at the weekly auction due to strong demand and tight supplies. Bangladeshi tea fetched an average of 216.14 taka ($2.6) per kg at the new auction centre in Srimangal on Monday, compared with 213.09 taka at the previous sal
Published 20 May, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday, helped by stronger soyaoil prices and limited farmer selling. Saskatchewan farmers have made good seeding progress. Overall planting ahead of normal pace. July canola added $3.40 to $532.60 per tonne. The new-
Published 20 May, 2018 12:00am
European gasoline margins firm on US stocks draw

European gasoline margins firm on US stocks draw

Benchmark northwest European gasoline refining margins firmed on Thursday, supported by a big draw in US stocks last week and rising demand. US gasoline stocks were down sharply last week, falling by 3.8 million barrels, according to US Energy Information
Published 20 May, 2018 12:00am
THE RUPEE: gives up gains
Currency

THE RUPEE: gives up gains

The rupee failed to retain overnight gains against the dollar on the money market on Saturday in the process of trading activity, dealers said.
Published 20 May, 2018 12:00am
THE RUPEE: gives up gains
Currency

THE RUPEE: gives up gains

The rupee failed to retain overnight gains against the dollar on the money market on Saturday in the process of trading activity, dealers said.
Published 20 May, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 19, 2018).

Published 20 May, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 19, 2018).

Published 20 May, 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 (May 19, 2018).

Published 20 May, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 19, 2018)

Published 20 May, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 19, 2018).

Published 20 May, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (May 19, 2018) and the forecast for Sunday (May 20, 2018).

Published 20 May, 2018 12:00am
Ex-Indian diplomat gets three-year jail for spying

Ex-Indian diplomat gets three-year jail for spying

Former Indian diplomat Madhuri Gupta, who had served at the Indian High Commission in Islamabad, was awarded three years in jail by a Delhi court which convicted her for passing on sensitive information to Pakistan, Aaj News reported Saturday. Additional
Published 20 May, 2018 12:00am
Ex-Indian diplomat gets three-year jail for spying

Ex-Indian diplomat gets three-year jail for spying

Former Indian diplomat Madhuri Gupta, who had served at the Indian High Commission in Islamabad, was awarded three years in jail by a Delhi court which convicted her for passing on sensitive information to Pakistan, Aaj News reported Saturday. Additional
Published 20 May, 2018 12:00am
Bigwigs fly Pakistan for Nawaz's way-out: Rashid

Bigwigs fly Pakistan for Nawaz's way-out: Rashid

Awami Muslim League chief Sheikh Rashid Ahmed has said key figures from important institutions of two or three neighbouring countries have visited Pakistan and requested for a way out for Nawaz Sharif related matters. He disclosed this in an interview wit
Published 20 May, 2018 12:00am
Bigwigs fly Pakistan for Nawaz's way-out: Rashid

Bigwigs fly Pakistan for Nawaz's way-out: Rashid

Awami Muslim League chief Sheikh Rashid Ahmed has said key figures from important institutions of two or three neighbouring countries have visited Pakistan and requested for a way out for Nawaz Sharif related matters. He disclosed this in an interview wit
Published 20 May, 2018 12:00am
Shutdown in IHK: Modi inaugurates Kishanganga project

Shutdown in IHK: Modi inaugurates Kishanganga project

Occupied Kashmir came to a virtual standstill Saturday as freedom fighters called for a shutdown to protest a visit by India's Prime Minister Narendra Modi to the Muslim-majority region gripped by deadly new tensions and clashes with rival Pakistan.
Published 20 May, 2018 12:00am
Shutdown in IHK: Modi inaugurates Kishanganga project

Shutdown in IHK: Modi inaugurates Kishanganga project

Occupied Kashmir came to a virtual standstill Saturday as freedom fighters called for a shutdown to protest a visit by India's Prime Minister Narendra Modi to the Muslim-majority region gripped by deadly new tensions and clashes with rival Pakistan.
Published 20 May, 2018 12:00am
World's first floating nuclear barge to power Russia's Arctic oil drive

World's first floating nuclear barge to power Russia's Arctic oil drive

To meet its growing electricity needs in its drive to develop oil resources in remote Arctic regions, Russia has built a floating nuclear power station, a project that detractors deride as a "Chernobyl on ice". Built in Saint Petersburg, the Akademik Lomo
Published 20 May, 2018 12:00am
World's first floating nuclear barge to power Russia's Arctic oil drive

World's first floating nuclear barge to power Russia's Arctic oil drive

To meet its growing electricity needs in its drive to develop oil resources in remote Arctic regions, Russia has built a floating nuclear power station, a project that detractors deride as a "Chernobyl on ice". Built in Saint Petersburg, the Akademik Lomo
Published 20 May, 2018 12:00am
LNG floating terminal: PQA barred from allocating 'unsafe' site

LNG floating terminal: PQA barred from allocating 'unsafe' site

The federal government has reportedly barred Port Qasim Authority (PQA) from allocating "unsafe" site to any company for establishing an LNG floating terminal, well informed sources told Business Recorder. M/s Elengy Terminal Pakistan Limited (Engr
Published 20 May, 2018 12:00am
LNG floating terminal: PQA barred from allocating 'unsafe' site

LNG floating terminal: PQA barred from allocating 'unsafe' site

The federal government has reportedly barred Port Qasim Authority (PQA) from allocating "unsafe" site to any company for establishing an LNG floating terminal, well informed sources told Business Recorder. M/s Elengy Terminal Pakistan Limited (Engr
Published 20 May, 2018 12:00am
LNG floating terminal: PQA barred from allocating ''unsafe'' site

LNG floating terminal: PQA barred from allocating ''unsafe'' site

The federal government has reportedly barred Port Qasim Authority (PQA) from allocating "unsafe" site to any company for establishing an LNG floating terminal, well informed sources told Business Recorder. M/s Elengy Terminal Pakistan Limited (Engr
Published 20 May, 2018 12:00am
Fata bill fails to sail through NA

Fata bill fails to sail through NA

The government's attempt to pass Fata Reforms bill from National Assembly sans its merger with Khyber Pakhtunkhwa is being viewed as an exercise in futility due to lack of required two thirds majority for the constitutional amendment following opposition
Published 20 May, 2018 12:00am
Fata bill fails to sail through NA

Fata bill fails to sail through NA

The government's attempt to pass Fata Reforms bill from National Assembly sans its merger with Khyber Pakhtunkhwa is being viewed as an exercise in futility due to lack of required two thirds majority for the constitutional amendment following opposition
Published 20 May, 2018 12:00am
Fata to be merged with KP: NSC

Fata to be merged with KP: NSC

A meeting of the National Security Committee (NSC) Saturday endorsed that the Federally Administered Tribal Areas (Fata) will be merged with Khyber Pakhtunkhwa.
Published 20 May, 2018 12:00am
Fata to be merged with KP: NSC

Fata to be merged with KP: NSC

A meeting of the National Security Committee (NSC) Saturday endorsed that the Federally Administered Tribal Areas (Fata) will be merged with Khyber Pakhtunkhwa.
Published 20 May, 2018 12:00am
PSDP allocations 3.25 percent higher than those in FY17

PSDP allocations 3.25 percent higher than those in FY17

Allocations for federal Public Sector Development Programme (PSDP) to date in the current year are higher by 3.25 percent relative to the comparable period of 2016-17. Federal government released Rs 670.16 billion up to May 18, 2018 from its revised PSDP
Published 20 May, 2018 12:00am
PSDP allocations 3.25 percent higher than those in FY17

PSDP allocations 3.25 percent higher than those in FY17

Allocations for federal Public Sector Development Programme (PSDP) to date in the current year are higher by 3.25 percent relative to the comparable period of 2016-17. Federal government released Rs 670.16 billion up to May 18, 2018 from its revised PSDP
Published 20 May, 2018 12:00am
PSDP allocations 3.25 percent higher than those in FY17

PSDP allocations 3.25 percent higher than those in FY17

Allocations for federal Public Sector Development Programme (PSDP) to date in the current year are higher by 3.25 percent relative to the comparable period of 2016-17. Federal government released Rs 670.16 billion up to May 18, 2018 from its revised PSDP
Published 20 May, 2018 12:00am
Shahbaz inaugurates 1180 Bhikki power plant

Shahbaz inaugurates 1180 Bhikki power plant

Chief Minister Punjab Muhammad Shahbaz Sharif Saturday inaugurated the complete functioning of the 1180 Bhikki power plant that is being added to the national grid. Bhikki power plant is the modern plant running on the gas, It has produced 3.1 billion uni
Published 20 May, 2018 12:00am
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