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Archive - 2018-05-27
Two police martyred in Quetta firing
Pakistan Top News

Two police martyred in Quetta firing

QUETTA: Two traffic police personnel were martyred by two unknown suspects, while both the attackers were killed in reta
Published 27 May, 2018 03:09pm
Oil & Gas exploration: KP government opens six dormant blocks

Oil & Gas exploration: KP government opens six dormant blocks

The government of Khyber Pakhtunkhwa has opened six blocks for oil and gas exploration, including Marwat, Kohat, Goragulto, Wali, Latamber and Paharpur. These blocks had been dormant for the last 10 years. Out of 28, twenty-seven blocks are now active in
Published 27 May, 2018 12:00am
Oil & Gas exploration: KP government opens six dormant blocks

Oil & Gas exploration: KP government opens six dormant blocks

The government of Khyber Pakhtunkhwa has opened six blocks for oil and gas exploration, including Marwat, Kohat, Goragulto, Wali, Latamber and Paharpur. These blocks had been dormant for the last 10 years. Out of 28, twenty-seven blocks are now active in
Published 27 May, 2018 12:00am
Putin and Abe pledge to 'reinforce cooperation'

Putin and Abe pledge to 'reinforce cooperation'

Russian President Vladimir Putin on Saturday held talks with Japan's Prime Minister Shinzo Abe as the leaders pledged to "reinforce cooperation" at a time of tension with the West. "I am very pleased to have the opportunity to talk in detail on our bilate
Published 27 May, 2018 12:00am
Putin and Abe pledge to 'reinforce cooperation'

Putin and Abe pledge to 'reinforce cooperation'

Russian President Vladimir Putin on Saturday held talks with Japan's Prime Minister Shinzo Abe as the leaders pledged to "reinforce cooperation" at a time of tension with the West. "I am very pleased to have the opportunity to talk in detail on our bilate
Published 27 May, 2018 12:00am
Five young Kashmiri martyred in Kupwara

Five young Kashmiri martyred in Kupwara

Five Kashmiri youth embraced martyrdom as Indian troops continued their act of state terrorism in Indian-occupied Kashmir (IoK) on Saturday. Indian security forces martyred the youths during a military operation in Tangdhar area of Kupwara district. Earli
Published 27 May, 2018 12:00am
Five young Kashmiri martyred in Kupwara

Five young Kashmiri martyred in Kupwara

Five Kashmiri youth embraced martyrdom as Indian troops continued their act of state terrorism in Indian-occupied Kashmir (IoK) on Saturday. Indian security forces martyred the youths during a military operation in Tangdhar area of Kupwara district. Earli
Published 27 May, 2018 12:00am
Musharraf suggests exchanging Afridi for Fazlullah

Musharraf suggests exchanging Afridi for Fazlullah

Pakistan's former military ruler retired General Pervez Musharraf has said had he been the president now, he would have released Dr Shakil Afridi in a "give and take" deal. In an interview to Voice of America's Greta Van Susteren, Musharraf also noted tha
Published 27 May, 2018 12:00am
Musharraf suggests exchanging Afridi for Fazlullah

Musharraf suggests exchanging Afridi for Fazlullah

Pakistan's former military ruler retired General Pervez Musharraf has said had he been the president now, he would have released Dr Shakil Afridi in a "give and take" deal. In an interview to Voice of America's Greta Van Susteren, Musharraf also noted tha
Published 27 May, 2018 12:00am
DG IOCO given powers of fixation of duty drawback rates

DG IOCO given powers of fixation of duty drawback rates

The Federal Board of Revenue (FBR) has taken away powers of FBR Duty Drawback Section for fixation/calculation of standard duty drawback rates and revision of rates of repayment or drawback of customs duties and handed over such powers to the Directorate
Published 27 May, 2018 12:00am
DG IOCO given powers of fixation of duty drawback rates

DG IOCO given powers of fixation of duty drawback rates

The Federal Board of Revenue (FBR) has taken away powers of FBR Duty Drawback Section for fixation/calculation of standard duty drawback rates and revision of rates of repayment or drawback of customs duties and handed over such powers to the Directorate
Published 27 May, 2018 12:00am
DG IOCO given powers of fixation of duty drawback rates

DG IOCO given powers of fixation of duty drawback rates

The Federal Board of Revenue (FBR) has taken away powers of FBR Duty Drawback Section for fixation/calculation of standard duty drawback rates and revision of rates of repayment or drawback of customs duties and handed over such powers to the Directorate
Published 27 May, 2018 12:00am
OICCI's business confidence survey

OICCI's business confidence survey

The Overseas Investors Chamber of Commerce and Industry (OICCI) has claimed that the results of its Business Confidence Index (BCI) Survey - Wave 16 - show that the overall Business Confidence in Pakistan stands at 14 percent positive, a significant decli
Published 27 May, 2018 12:00am
Nawaz Sharif's desperation

Nawaz Sharif's desperation

Former prime minister Nawaz Sharif appears to believe that he is as cocky as the king of spades. Unfortunately, however, little does he know that he has grievously hurt the electoral prospects of his party as he has dealt the PML-N a bad hand on the very
Published 27 May, 2018 12:00am
Promoting RTS

Promoting RTS

Roof Top Solar (RTS) has been responsible for promoting expansion of solar power worldwide. Under RTS, electricity is produced by the consumer by installing solar panel on his roof or any other space in his control, to consume himself and export excess el
Published 27 May, 2018 12:00am
America revisits 'Pizza Bomber' mystery with new Netflix series

America revisits 'Pizza Bomber' mystery with new Netflix series

As bank heists in America go, this was one of the weirdest: in 2003, a pizza delivery man walks into a bank with a bomb around his neck and a note demanding a quarter of a million dollars. Police in Pennsylvania apprehend him, but shortly thereafter, the
Published 27 May, 2018 12:00am
'Poker player' Xi may hold North Korea trump card

'Poker player' Xi may hold North Korea trump card

Dubbed a "world-class poker player" in diplomacy by Donald Trump, Chinese leader Xi Jinping may hold the best cards after the US leader scrapped his planned summit with North Korean leader Kim Jong Un. While China had publicly backed the June 12 meeting,
Published 27 May, 2018 12:00am
Israel's crimes

Israel's crimes

History tells us that nobody questions the victor. History also tells us that not many always side with the weak and the oppressed. Israel's latest war crimes against Palestinians is a strong case in point. It is, however, heartening to note that the UN H
Published 27 May, 2018 12:00am
People belonging to different walks of life hail Fata reforms

People belonging to different walks of life hail Fata reforms

The people belonging to different walks of life, including lawmakers, academia and students, Saturday hailed the passage of FATA Reforms Bill, which paved the way for merging colonially divided tribal areas with mainstream areas of the country. The news o
Published 27 May, 2018 12:00am
Manzoor Afridi's name finalised as KP caretaker CM

Manzoor Afridi's name finalised as KP caretaker CM

Pakistan Tehreek-e-Insaf (PTI) will formally announce today (Sunday) the name of Manzoor Afridi as caretaker chief minister Khyber Pakhtunkhwa after his name was finalized by Chief Minister Pervez Khattak and Opposition Leader Lutfur Rehman. In a meeting
Published 27 May, 2018 12:00am
PRA to collect Rs 100 billion during fiscal year 2018: chairman

PRA to collect Rs 100 billion during fiscal year 2018: chairman

Punjab Revenue Authority (PRA) Chairman Dr Raheel Siddiqui said on Saturday that the number of taxpayers under the PRA has reached 50,000 that would increase to 100,000 by 2020. He was briefing media on performance of PRA. He said this number is likely to
Published 27 May, 2018 12:00am
Work on uplift projects initiated by PTI to continue: Khattak

Work on uplift projects initiated by PTI to continue: Khattak

KP Chief Minister Pervez Khattak has said that the projects initiated by the PTI government will be completed in any circumstances even after the expiry of the period of the provincial government. He said that all these projects are carried out with the f
Published 27 May, 2018 12:00am
ACE recovers Rs 3 million from Karak nazim

ACE recovers Rs 3 million from Karak nazim

Anti-Corruption Establishment (ACE) district Karak chapter proved corruption of Rs three million against the village Nazim of Nara Banda Union Council Shnawa Guddikhel Muhammad Azeem in district Karak and the village Nazim deposited the embezzled amount i
Published 27 May, 2018 12:00am
Date for applying for PML-N's tickets extended till May 31

Date for applying for PML-N's tickets extended till May 31

Pakistan Muslim League-Nawaz (PML-N) has extended the date for submission of applications for party ticket for the upcoming general elections. A PML-N spokesman said that the applications for National and Provincial Assembly tickets can now be submitted u
Published 27 May, 2018 12:00am
Dry weather to persist in many parts of country

Dry weather to persist in many parts of country

Mainly dry weather is expected in most parts of the country and temperature will further increase in plain areas in the next few days. According to Pakistan Meteorological Department (PMD), hot and dry weather is expected in most parts of the country. How
Published 27 May, 2018 12:00am
'No shortage of essential commodities at Utility Stores'

'No shortage of essential commodities at Utility Stores'

After observing shortage of essential items during first week of Ramazan, Utility Stores Corporation (USC) has increased the supply of commodities to all its outlets across the country resulting in sufficient availability at subsidized rates under Ramadan
Published 27 May, 2018 12:00am
Bilawal to visit KP tomorrow

Bilawal to visit KP tomorrow

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari is arriving for a four day visit to parts of Khyber Pakhtunkhwa on May 28 to mobilize party workers and senior activists for making preparations for the next general elections. Speaking at a pr
Published 27 May, 2018 12:00am
Malnutrition claims two children's lives in Thar

Malnutrition claims two children's lives in Thar

Two more children died due to food shortage in Tharparkar's Chachro on Saturday, taking death toll to 34 in current month of May. According to details, more than 70 children are still under treatment at various hospitals in the district. Malnourished fami
Published 27 May, 2018 12:00am
DC Peshawar pays surprise visit to fruit, vegetable market

DC Peshawar pays surprise visit to fruit, vegetable market

Deputy Commissioner (DC) Peshawar, Dr Imran Hamid Sheikh paid surprise visit to fruit & vegetable market during the wee hour of Saturday and monitored the prices of fruits and vegetables. During the visit, Additional Assistant Commissioner (AAC), Headquar
Published 27 May, 2018 12:00am
Textile exporters assured of scaling down payment backlog
Cotton

Textile exporters assured of scaling down payment backlog

Chief Collector Customs (Enforcement) South, Manzoor Hussain Memon, has assured the textile exporters of scaling down the payment backlog, saying that his office has paid customs rebate of May 2017. "We are assuring that the payment cycle should not break
Published 27 May, 2018 12:00am
PPP flays government's move to get census results validated by CCI

PPP flays government's move to get census results validated by CCI

Former Information Secretary of the Pakistan Peoples Party Senator Taj Haider has strongly protested against the attempt of the federal government to get the fraudulent census results validated on the forum of the CCI. He said that the summary being prese
Published 27 May, 2018 12:00am
Re-issuable balance: SBP suspends services charges on deposit

Re-issuable balance: SBP suspends services charges on deposit

In the eve of Eid, the State Bank of Pakistan (SBP) has temporarily suspended services charges on deposit of re-issuable balance with SBP Banking Services Corporation. According to FD Circular Letter No 4/2018, the State Bank as on Aug 26, 2015 levied som
Published 27 May, 2018 12:00am
Anti-polio drive concludes in several KP districts

Anti-polio drive concludes in several KP districts

The round of anti-polio campaign during the month of May, successfully concluded in selected districts of Khyber Pakhtunkhwa with 99.25 percent vaccination status reflecting the hard work and commitment of the teams on ground that brave many challenges to
Published 27 May, 2018 12:00am
Hot and dry weather keeps shoppers away from markets in Karachi

Hot and dry weather keeps shoppers away from markets in Karachi

Continuing hot weather has severely hit the sales of fruits and vegetables in the sacred month of Ramazan, while trading activities in the wholesale and retail markets also remained low owing to shortage of buyers. Traders said majority of the customers s
Published 27 May, 2018 12:00am
Shopping spree gaining momentum in Peshawar

Shopping spree gaining momentum in Peshawar

Eid shopping is getting steady momentum in bazaars of this provincial capital city as the faithful completed 10 fasts of the month. Though during the first week of Ramazan, the temperature of the city remained pleasant and was mostly below 30 degree centi
Published 27 May, 2018 12:00am
Crime rate on the rise in Islamabad

Crime rate on the rise in Islamabad

Robberies and motor vehicle thefts remain on the rise in the federal capital as the city police registered over 10 cases of various kinds of thefts and six cases of carjacking during the last week. According to data collected by Business Recorder h
Published 27 May, 2018 12:00am
Sindh's division not acceptable: Sharjeel

Sindh's division not acceptable: Sharjeel

Former Sindh Information Minister Sharjeel Inam Memon vowed on Saturday that they will not allow dividing the province in any circumstance. Speaking to media persons after appearance in accountability court in a corruption case pertaining to the award of
Published 27 May, 2018 12:00am
PKLI: Chinese CG announces scholarships for staff training

PKLI: Chinese CG announces scholarships for staff training

Chinese Consul General in Lahore Long Dingbin during his visit to the Pakistan Kidney and Liver Institute and Research Center, announced to provide scholarships to help the institute in training of its staff, including nursing and paramedics and also dona
Published 27 May, 2018 12:00am
CM visits DHQ Muzaffargarh

CM visits DHQ Muzaffargarh

Chief Minister Punjab Muhammad Shahbaz Sharif inaugurated the extension of DHQ Muzaffargarh including CT scan machine, Hepatitis Filtration Clinic, and the trauma centre. The Chief Minister inspected the emergency, OPD, operation theatre and other wards.
Published 27 May, 2018 12:00am
FCCI demands modern zoological and botanical garden

FCCI demands modern zoological and botanical garden

FCCI (Faisalabad Chamber of Commerce & Industry) Standing Committee (SC) on Wildlife Conservation & Fishing Promotion has demanded a modern and full-fledged Zoological and Botanical Garden in Faisalabad to preserve indigenous flora and fauna in addition t
Published 27 May, 2018 12:00am
Mahmood discusses caretaker set-up with Elahi

Mahmood discusses caretaker set-up with Elahi

Opposition leader in the Punjab Assembly Mahmood ur Rasheed met with the PML-Q senior leader Chaudhry Parvez Elahi at his Gulberg residence here Saturday and discussed matters concerning appointment of caretaker chief minister in Punjab. During the meetin
Published 27 May, 2018 12:00am
Call to open WEFC in other cities of Punjab

Call to open WEFC in other cities of Punjab

Women Employment Facility Center (WEFC) in Lahore is a positive step for empowering women and such centers should also be opened immediately in other cities of Punjab including Faisalabad. Appreciating the decision to establish "Job Asaan", Rubina Amjad,
Published 27 May, 2018 12:00am
APBF urges SBP to review its policy of raising interest rate

APBF urges SBP to review its policy of raising interest rate

The All Pakistan Business Forum has flayed the State Bank of Pakistan for jacking the key interest rate by 50 basis points to 6.5 percent for the next two months on the excuse of dealing with emerging inflationary pressure in its Monetary Policy. APBF pre
Published 27 May, 2018 12:00am
LCCI chief emphasises importance of Kalabagh dam

LCCI chief emphasises importance of Kalabagh dam

The Lahore Chamber of Commerce and Industry has said that water scarcity in Sindh and other parts of the country is due to our inability to build Kalabagh Dam. LCCI President Malik Tahir Javaid said that not only Sindh but the entire country is facing the
Published 27 May, 2018 12:00am
Secretary Health appears before NAB

Secretary Health appears before NAB

The provincial secretary primary and secondary healthcare Ali Jan Saturday appeared before the NAB team holding an inquiry regarding purchase of medicines in Punjab. Ali Jan remained in the NAB office for about two hours and responded to the queries raise
Published 27 May, 2018 12:00am
Chinese Hubei academy, UAF to collaborate in research work
Cotton

Chinese Hubei academy, UAF to collaborate in research work

Hubei Academy of Agricultural Sciences Wuhan China and Department of Entomology University of Agriculture Faisalabad will collaborate in academia and research with a special focus on pink bollworm that was responsible for a loss of 4 million cotton bales
Published 27 May, 2018 12:00am
Murad highlights Sindh government's achievements

Murad highlights Sindh government's achievements

Sindh Chief Minister Syed Murad Ali Shah has said that the development sector generates employment opportunities, rotates capital in the economy and createes development activities etc He said that the policy-makers always gives priority to the developmen
Published 27 May, 2018 12:00am
Sindh CM yet to discuss caretaker set-up with opposition leader

Sindh CM yet to discuss caretaker set-up with opposition leader

Sindh Chief Minister Syed Murad Ali Shah has not yet contacted leader of the opposition in Sindh Assembly Khuwaja Izharul Hassan to form consensus over caretaker setup in the province as the tenure of the incumbent government is expected to expire in next
Published 27 May, 2018 12:00am
Bid to fraudulently clear goods foiled

Bid to fraudulently clear goods foiled

Air Freight Unit (AFU), Immediate Clearance Group (ICG) of Pakistan Customs Saturday claimed to have foiled an attempt to clear goods worth Rs 3.39 million through misdeclaration.
Published 27 May, 2018 12:00am
Prices of essential kitchen items witness decline

Prices of essential kitchen items witness decline

Prices of essential kitchen items witnessed a decline during this week past against the preceding week, revealed a survey conducted by Business Recorder here on Saturday.
Published 27 May, 2018 12:00am
In US soyabean splurge, Beijing faces tough sell to saturated market

In US soyabean splurge, Beijing faces tough sell to saturated market

China's nod to state-owned companies to start buying US soyabeans again to help placate its top trading partner may turn into a test of Beijing's will over market forces. A buying spree right now would be painful for well-stocked Chinese soyabean end-user
Published 27 May, 2018 12:00am
China's sorghum imports surged ahead of dumping tariffs

China's sorghum imports surged ahead of dumping tariffs

China's imports of sorghum rose sharply in April from a year earlier, customs data showed on Wednesday, as buyers brought in large volumes of the feed grain ahead of Beijing's anti-dumping decision made at the peak of Sino-US trade tensions. China importe
Published 27 May, 2018 12:00am
India to build sugar stockpile to cut surplus supplies in market

India to build sugar stockpile to cut surplus supplies in market

India will build government stockpiles of sugar to cut a surplus in the market, two official sources said on Tuesday, a move that will prop up local prices and help money-losing mills pay dues to millions of cane growers, a key voting bloc. The cabinet of
Published 27 May, 2018 12:00am
IGC sees global grain supplies at three-year low

IGC sees global grain supplies at three-year low

Global grain supplies are poised to fall to a three-year low in the 2018/19 season due to a drawdown in stocks coupled with a slight dip in output, the International Grains Council (IGC) said on Thursday. The inter-governmental body, in a monthly report,
Published 27 May, 2018 12:00am
Egypt says Dubai trader failed to deliver on contracted wheat shipments

Egypt says Dubai trader failed to deliver on contracted wheat shipments

Dubai-based trader AOS, a leading supplier of wheat to Egypt, has failed to deliver two of its cargoes, Supply Minister Ali Moselhy told Reuters. Moselhy, who is also chairman of Egypt's state grain buyer, the General Authority for Supply Commodities (GAS
Published 27 May, 2018 12:00am
Asian flour mills turn to Black Sea region for wheat

Asian flour mills turn to Black Sea region for wheat

Asian flour millers are set to buy record volumes of wheat from Black Sea producers in 2018 as traditional supplier Australia faces a second year of drought and as demand continues to grow around the region, traders said. Millers in Asia have in the past
Published 27 May, 2018 12:00am
Ivory Coast cocoa farmers confident on improving rainfall

Ivory Coast cocoa farmers confident on improving rainfall

Ivory Coast cocoa farmers are confident forecast rains will bolster the ongoing mid-crop harvest, despite below-average rainfall in the country's main growing regions last week. The mid-crop runs from April to September in Ivory Coast, which is the world'
Published 27 May, 2018 12:00am
France sees maize area staying low, warns on rapeseed crops

France sees maize area staying low, warns on rapeseed crops

French farmers will sow the same amount of grain maize in 2018 as they did last year, keeping the area well below the average of recent years as low prices curb interest, France's farm ministry said. In a crop report on Tuesday, the ministry estimated Fra
Published 27 May, 2018 12:00am
Costa Rica coffee farmers brew up a carbon neutral future

Costa Rica coffee farmers brew up a carbon neutral future

Climbing the steep slope by his house, Fernando Solis Arguedas examined a leaf on one of his 50-year-old trees that produces arabica beans for the world's first officially certified carbon neutral coffee. Blaming an increasingly unpredictable climate for
Published 27 May, 2018 12:00am
California university president resigns as abuse scandal widens

California university president resigns as abuse scandal widens

The president of a top California university resigned Friday in the wake of a growing scandal over a former campus gynecologist who stands accused of sexually abusing thousands of students over a period of decades. C.L. Max Nikias' departure was announced
Published 27 May, 2018 12:00am
Afghanistan registers candidates for long-delayed elections

Afghanistan registers candidates for long-delayed elections

Afghanistan launched the registration of candidates for parliamentary and district elections on Saturday, taking another step towards a long-delayed ballot that has been threatened by deadly attacks on voter registration centres. Gula Jan Badi Sayad, head
Published 27 May, 2018 12:00am
Colombia to become first Latin American Nato 'global partner'

Colombia to become first Latin American Nato 'global partner'

Colombia will next week formally become Nato's first Latin American "global partner," President Juan Manuel Santos announced Friday. Santos, who won the 2016 Nobel Peace Prize for his efforts to end a half-century of armed conflict with the former rebel m
Published 27 May, 2018 12:00am
Thousands protest Argentina's negotiations with IMF

Thousands protest Argentina's negotiations with IMF

Thousands of Argentines on Friday protested the government's bid to secure a credit line from the International Monetary Fund, which they blame for hardship during a past financial crisis. Opposition parties, unions, human rights organizations and artists
Published 27 May, 2018 12:00am
Masked attackers kill five Syria rescuers: White Helmets

Masked attackers kill five Syria rescuers: White Helmets

Five Syrian rescue workers were killed in an attack by masked assailants Saturday on one of their centres in the northern province of Aleppo, the White Helmets said. The White Helmets said armed men stormed the Al-Hader centre in a pre-dawn attack and fir
Published 27 May, 2018 12:00am
Hundreds of Syria Kurds rally to demand Turkey withdrawal

Hundreds of Syria Kurds rally to demand Turkey withdrawal

Hundreds demonstrated in Syria's northeastern city of Qamishli on Saturday, in response to a call by Kurdish authorities for global protests against Turkey's military presence in the flashpoint Afrin region. Turkish forces and allied Syrian rebels seized
Published 27 May, 2018 12:00am
US warns Syria of 'firm' action over southern offensive

US warns Syria of 'firm' action over southern offensive

The US has warned Damascus it will take "firm" action if the regime of Bashar al-Assad violates a ceasefire deal, after Syrian aircraft dropped leaflets on a southern province ahead of an expected offensive. Residents of Daraa told AFP Friday that several
Published 27 May, 2018 12:00am
Gulf crisis threatens East Africa peace efforts, EU warns

Gulf crisis threatens East Africa peace efforts, EU warns

Diplomatic tensions between countries in the Gulf are threatening peace efforts in East Africa, particularly in the Horn of Africa, the EU's special envoy has warned. The crisis, which erupted nearly a year ago, has pitted Saudi Arabia, the UAE, Egypt and
Published 27 May, 2018 12:00am
Standoff in Italy over naming of new economy minister

Standoff in Italy over naming of new economy minister

The political standoff in Italy continued on Saturday over President Sergio Mattarella's refusal to approve the eurosceptic coalition's choice for economy minister. Three days after being appointed by Mattarella as prime minister, Giuseppe Conte, 53, has
Published 27 May, 2018 12:00am
Turkey condemns decision to allow pro-Kurdish party rally in Germany

Turkey condemns decision to allow pro-Kurdish party rally in Germany

The Turkish Foreign Ministry on Saturday condemned as a "double standard" a decision by Germany to allow a rally by the pro-Kurdish opposition HDP party in Cologne, having previously prevented ruling party politicians from campaigning there. "This two-fac
Published 27 May, 2018 12:00am
Two killed in Marseille shooting

Two killed in Marseille shooting

Two more violent deaths occurred overnight in the southern French city of Marseille, known for its turf wars for control of the drug trade, officials said Saturday. A masked gunman armed with an assault rifle stormed into a sports club at around 1:00 am o
Published 27 May, 2018 12:00am
Poland says EU needs more 'empathy' towards US over Iran deal

Poland says EU needs more 'empathy' towards US over Iran deal

The EU should pay more heed to US security concerns linked to Washington's withdrawal from the 2015 Iran nuclear deal as the bloc decides how to address American sanctions against the Islamic Republic, Poland's chief diplomat said. Since President Donald
Published 27 May, 2018 12:00am
Trump says detained American released in Venezuela

Trump says detained American released in Venezuela

US President Donald Trump announced Saturday that Venezuela has released American Joshua Holt after nearly two years in jail in the leftist-ruled country, and that he was heading home for a White House reception.
Published 27 May, 2018 12:00am
China, Burkina Faso establish ties following Taiwan snub

China, Burkina Faso establish ties following Taiwan snub

China and Burkina Faso signed an agreement to establish diplomatic relations on Saturday, days after the west African nation cut ties with Taiwan in yet another victory for Beijing in its campaign to isolate the island. A communique on establishing relati
Published 27 May, 2018 12:00am
Trump eases firing of federal workers, cracks down on unions

Trump eases firing of federal workers, cracks down on unions

President Donald Trump on Friday signed three executive orders designed to make it easier to fire federal government workers and to crack down on the unions that represent them, drawing immediate criticism from a group representing federal employees.
Published 27 May, 2018 12:00am
Five Iranian migrants found drifting off French coast

Five Iranian migrants found drifting off French coast

Five Iranian migrants attempting to reach Britain aboard a makeshift boat were rescued Saturday morning off the northern coast of France, officials said. They were found around at 8:00 am (0600 GMT) in a state of hypothermia and were treated by emergency
Published 27 May, 2018 12:00am
White House team to go to Singapore for Trump-Kim summit prep

White House team to go to Singapore for Trump-Kim summit prep

A White House team will travel to Singapore to prepare for a June 12 summit between US President Donald Trump and North Korean leader Kim Jong Un, the White House said Saturday. Coming after a surprise meeting between Kim and South Korean President Moon J
Published 27 May, 2018 12:00am
Over 100 migrants escape from Libya trafficking camp

Over 100 migrants escape from Libya trafficking camp

More than 100 east African migrants escaped from a camp in the Libyan town of Bani Walid where they were being held hostage and tortured, international agencies and local sources said Saturday. The migrants from Eritrea, Ethiopia and Somalia fled on Wedne
Published 27 May, 2018 12:00am
Ireland overturns abortion ban in landslide vote

Ireland overturns abortion ban in landslide vote

Ireland voted by a landslide to ditch its strict abortion laws in a landmark referendum hailed by Prime Minister Leo Varadkar on Saturday as a "quiet revolution", triggering scenes of jubilation in Dublin. Final results showed more than 66 percent of vote
Published 27 May, 2018 12:00am
FBI warns Russians hacked hundreds of thousands of routers

FBI warns Russians hacked hundreds of thousands of routers

The FBI warned on Friday that Russian computer hackers had compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic. The US law enforcement agency urged the owners of many brands of route
Published 27 May, 2018 12:00am
Barnier tells Britain to stop playing 'hide and seek'

Barnier tells Britain to stop playing 'hide and seek'

EU negotiator Michel Barnier urged Britain on Saturday to stop playing "hide and seek" in Brexit talks as the two sides traded blame over the lack of progress in negotiations. Barnier delivered his warning in a speech just days after the EU dismissed Lond
Published 27 May, 2018 12:00am
Buttler and Bess spare England an innings defeat

Buttler and Bess spare England an innings defeat

Jos Buttler and Dominic Bess fought a determined rearguard action as England avoided an innings defeat by Pakistan in the first Test at Lord's on Saturday. When the pair came together before tea on the third day, England were 110 for six in their second i
Published 27 May, 2018 12:00am
T20 needs eight runs for a big hit, says cricket legend Jones

T20 needs eight runs for a big hit, says cricket legend Jones

Dean Jones, in his day one of the biggest-hitting batsmen in cricket, has called for fresh innovation in Twenty20 by creating a new eight-run shot if the ball goes more than 85 metres. T20 has already brought about a revolution and the Australian legend t
Published 27 May, 2018 12:00am
Iniesta greets Japanese football fans, vows to conquer Asia

Iniesta greets Japanese football fans, vows to conquer Asia

Barcelona legend Andres Iniesta on Saturday made his first appearance at Vissel Kobe since signing for the Japanese side, greeting thousands of fans and vowing to make his new club the biggest in Asia. Wearing the number eight shirt - like he did at Barce
Published 27 May, 2018 12:00am
Fucsovics wins first ATP title for Hungary since 1982

Fucsovics wins first ATP title for Hungary since 1982

Marton Fucsovics won the Geneva Open on Saturday, becoming the first Hungarian to claim an ATP title for 36 years. Fucsovics, 26, beat Germany's Peter Gojowczyk 6-2, 6-2 to set himself up for his first-round match at the French Open against Canadian playe
Published 27 May, 2018 12:00am
Platini calls on FIFA to end his ban, says he will face no charges

Platini calls on FIFA to end his ban, says he will face no charges

Former UEFA president Michel Platini called on FIFA to lift his ban over a 1.8-million-euro payment after Swiss prosecutors said on Saturday they had found no evidence so far to bring charges against him. Platini's lawyer Vincent Solari claimed the former
Published 27 May, 2018 12:00am
Italian footballer found dead

Italian footballer found dead

Italian footballer Federico Zini has been found dead along with his ex-girfriend after a suspected murder-suicide, according to reports in Italy on Saturday. Zini, 25, who played for Serie D side Tuttocuoio, shot his 30-year-old former girlfriend Elisa Am
Published 27 May, 2018 12:00am
ICC probes pitch-fixing charges involving Sri Lanka

ICC probes pitch-fixing charges involving Sri Lanka

The International Cricket Council said Saturday it was investigating allegations that a Sri Lankan groundsman had agreed to tamper with the pitch to alter the result of an upcoming Test match against England. The ICC said it took the allegations reported
Published 27 May, 2018 12:00am
Japan end 37-year drought with Badminton Uber Cup win

Japan end 37-year drought with Badminton Uber Cup win

Japan's women clinched the Uber Cup on Saturday, breezing by surprise finalists Thailand 3-0 in Bangkok to end a 37-year wait to regain the title. With a team stacked with top ranked players in both the singles and doubles, Japan made light work of the ho
Published 27 May, 2018 12:00am
Thiem wins title in Lyon ahead of French Open

Thiem wins title in Lyon ahead of French Open

Austrian Dominic Thiem warmed up for the French Open by beating Gilles Simon 3-6, 7-6 (7/1), 6-1 to win the ATP Tour event in Lyon on Saturday. Ahead of the start of Roland Garros on Sunday, world number eight Thiem battled back from a set down to claim t
Published 27 May, 2018 12:00am
Australia aims to be world's most professional team: Langer

Australia aims to be world's most professional team: Langer

Australia is striving to be the most professional and honest team in world cricket, coach Justin Langer said Saturday as the squad prepares for its first international tour following a damaging ball-tampering scandal. The former opener recently took the r
Published 27 May, 2018 12:00am
About $1.2 billion in cryptocurrency stolen since 2017
Currency

About $1.2 billion in cryptocurrency stolen since 2017

Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin's popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Ph
Published 27 May, 2018 12:00am
Coinbase acquires cryptocurrency trading platform Paradex
Currency

Coinbase acquires cryptocurrency trading platform Paradex

Cryptocurrency exchange Coinbase has acquired Paradex, a platform that enables users to trade virtual coins directly with each other, the San Francisco-based company said on Wednesday. Coinbase plans to make some enhancements to the technology and launch
Published 27 May, 2018 12:00am
US and Canadian regulators open probes into cryptocurrency scams
Currency

US and Canadian regulators open probes into cryptocurrency scams

US and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams. The North American Securities Administrators Association announced the wide-ranging series of probes on Monday, dubbed "Ope
Published 27 May, 2018 12:00am
Bearish dollar bets at lowest since early January
Currency

Bearish dollar bets at lowest since early January

Speculators' net short dollar bets fell in the last week to the lowest since early January, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar positions, derived from ne
Published 27 May, 2018 12:00am
Norway extends study of digital central bank currency
Currency

Norway extends study of digital central bank currency

Norway's central bank will continue to consider the introduction of its own digital currency as a supplement to cash, in order to secure a robust payments system and ensure long-term confidence in the monetary system, it said on Friday. Several countries,
Published 27 May, 2018 12:00am
Dollar ends week stronger as commodity-linked peers slip

Dollar ends week stronger as commodity-linked peers slip

The dollar rose against a basket of peers on Friday and was on pace to finish the week at its strongest since mid-November, as commodity-linked currencies fell following a slump in oil prices and as political concerns in Italy and Spain hurt the euro. The
Published 27 May, 2018 12:00am
Canadian dollar has biggest slide in a month
Currency

Canadian dollar has biggest slide in a month

The Canadian dollar weakened to a more than two-week low against its US counterpart on Friday, pressured by a nearly $3 drop in the price of oil and broader gains for the greenback. At 4 p.m. EDT (2000 GMT), the Canadian dollar was trading 0.7 percent low
Published 27 May, 2018 12:00am
Australian, New Zealand dollars seen moving down
Currency

Australian, New Zealand dollars seen moving down

Foreign exchange traders recalibrated their expectations downwards for the Australian and New Zealand dollars after steep losses recently, but the two are still seen trapped in a narrow trading band over one year, a Reuters poll showed. The survey of 38-4
Published 27 May, 2018 12:00am
China Inc tightens reins on debt, raises spectre of slowdown

China Inc tightens reins on debt, raises spectre of slowdown

Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy.
Published 27 May, 2018 12:00am
CP Rail workers reject contract, resume Negotiations

CP Rail workers reject contract, resume Negotiations

Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising the prospect of another possible strike at Canada's second-largest railroad.
Published 27 May, 2018 12:00am
Top banks' Q1 commodities revenue jumps 48 percent

Top banks' Q1 commodities revenue jumps 48 percent

Commodities-related revenue at the 12 biggest investment banks in the first quarter jumped 48 percent year on year driven by the US energy sector and commodity indices, consultancy Coalition said on Thursday. Revenue from commodity trading, selling deriva
Published 27 May, 2018 12:00am
Audi CEO says diesel crisis not over and vows to stay on

Audi CEO says diesel crisis not over and vows to stay on

Audi Chief Executive Rupert Stadler said the diesel emissions affair was not over and promised to stay at the helm of the German luxury car maker, a German newspaper reported on Saturday. Stadler also told the Augsburger Allgemeine newspaper that he did n
Published 27 May, 2018 12:00am
ECB set to look through tepid inflation, end QE this year

ECB set to look through tepid inflation, end QE this year

The European Central Bank will finish its stimulus programme by the end of 2018, according to a Reuters poll of economists, despite nearly half of those surveyed saying it was not in control of inflation. So far the ECB has spent over 2.5 trillion euros b
Published 27 May, 2018 12:00am
Taiwan raises 2018 GDP outlook on exports, investment

Taiwan raises 2018 GDP outlook on exports, investment

Taiwan raised its 2018 economic growth forecast on Friday for the second time this year, as the economy continued a steady expansion helped by exports and increased private investment. The trade-dependent economy grew at its fastest pace in nearly three y
Published 27 May, 2018 12:00am
Fiat Chrysler software fix prompts recall of 4.8m vehicles

Fiat Chrysler software fix prompts recall of 4.8m vehicles

A software fix to prevent cars from accelerating out of control prompted Fiat Chrysler on Friday to issue a recall for 4.8 million US vehicles. While the flaw would require an unlikely series of events to happen simultaneously for an incident to occur, th
Published 27 May, 2018 12:00am
Return to pre-deal oil output levels possible, says Russia's Novak

Return to pre-deal oil output levels possible, says Russia's Novak

A return to the oil production levels that were in place prior to the 2016 deal to cut output is one of the options for easing curbs, Russia's energy minister said. Sources said this week that Saudi Arabia and Russia were discussing raising Opec and non-O
Published 27 May, 2018 12:00am
Erdogan asks Turks to help prop up plunging lira
Currency

Erdogan asks Turks to help prop up plunging lira

Turkish President Recep Tayyip Erdogan on Saturday urged compatriots to change their foreign currency to the lira to help prop up the embattled currency. "My brothers, could those of you who have euros and dollars under their pillows invest their money in
Published 27 May, 2018 12:00am
Latvia warns its clampdown is pushing hot money to Europe

Latvia warns its clampdown is pushing hot money to Europe

Latvia has warned the European Union to bolster fragmented money laundering controls as much of the cash now leaving the Baltic state to escape tighter scrutiny is going to other EU countries. The warning was issued by the country's prime minister and fin
Published 27 May, 2018 12:00am
German business morale steadies despite spectre of global trade war

German business morale steadies despite spectre of global trade war

German business confidence held steady in May after falling for five straight months, a survey showed on Friday, suggesting company executives in Europe's biggest economy are keeping their cool despite the possibility of a global trade war. The Munich-bas
Published 27 May, 2018 12:00am
Britain's Brexit divorce skills get thumbs down: economists

Britain's Brexit divorce skills get thumbs down: economists

Britain's government has handled negotiations with the European Union over its departure from the bloc poorly, according to all economists in a Reuters poll, who did however say there was just a one-in-five chance of a disorderly Brexit. In June 2016, Bri
Published 27 May, 2018 12:00am
S&P affirms South Africa rating, keeps stable outlook
Currency

S&P affirms South Africa rating, keeps stable outlook

S&P Global Ratings affirmed South Africa's sub-investment grade credit rating and kept its stable outlook on Friday, warning the country's improved economic growth remained tentative and the fiscal position was still weak. Africa's most industrialised eco
Published 27 May, 2018 12:00am
S&P affirms South Africa rating, keeps stable outlook
Currency

S&P affirms South Africa rating, keeps stable outlook

S&P Global Ratings affirmed South Africa's sub-investment grade credit rating and kept its stable outlook on Friday, warning the country's improved economic growth remained tentative and the fiscal position was still weak. Africa's most industrialised eco
Published 27 May, 2018 12:00am
Brazil's truckers protest drags on despite dispatch of military

Brazil's truckers protest drags on despite dispatch of military

A truckers protest over diesel prices in Brazil that is hurting supplies of fuel, food and medicines continued for the sixth day on Saturday despite President Michel Temer ordering the military to clear blocked roads the day before. Major cities have decl
Published 27 May, 2018 12:00am
Brazil economy advances in first quarter, set to accelerate

Brazil economy advances in first quarter, set to accelerate

The Brazilian economy likely expanded for a fifth straight quarter in the first three months of 2018, a Reuters poll of economists showed, suggesting fears of a slowdown may have been overblown. Forecasters largely expected economic growth to accelerate i
Published 27 May, 2018 12:00am
Rusal resumes shipments of aluminium to some Customers

Rusal resumes shipments of aluminium to some Customers

United Company Rusal resumed shipping aluminium to some customers last week following an extension of the deadline for companies to wind down contracts with the Russian firm under US sanctions, sources said. The US Treasury Department moved its deadline f
Published 27 May, 2018 12:00am
US natural gas poised for global rise

US natural gas poised for global rise

The United States produces natural gas in abundance and is poised to become the world's third-largest exporter by 2020, a production ramp-up supported by President Donald Trump. Thanks to advances in shale gas production, notably in the northeast, America
Published 27 May, 2018 12:00am
S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. US crude tumbled 4 percent to settle at $67.88 a barrel after Saudi Arabia and Russia said
Published 27 May, 2018 12:00am
S&P 500 companies return $1 trillion to shareholders in tax-cut surge

S&P 500 companies return $1 trillion to shareholders in tax-cut surge

S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed. In the 12 months
Published 27 May, 2018 12:00am
GreenSky edges higher on market debut

GreenSky edges higher on market debut

GreenSky LLC, an online platform for consumers to get loans for home improvements or cosmetic surgery, made its market debut on Thursday, with shares rising slightly above the initial public offering price. The Atlanta-based firm's upsized initial public
Published 27 May, 2018 12:00am
GreenSky edges higher on market debut

GreenSky edges higher on market debut

GreenSky LLC, an online platform for consumers to get loans for home improvements or cosmetic surgery, made its market debut on Thursday, with shares rising slightly above the initial public offering price. The Atlanta-based firm's upsized initial public
Published 27 May, 2018 12:00am
TSX falls

TSX falls

The Toronto Stock Exchange's S&P/TSX fell 37.95 points, or 0.24 percent, to 16,075.67 on Friday, its fourth straight decline, as a drop in oil prices weighed on the energy sector. The biggest contributor to the TSX loss was Suncor Energy with 15.95 net in
Published 27 May, 2018 12:00am
GE stock recovers from lows as key CEO presentation nears

GE stock recovers from lows as key CEO presentation nears

A year ago, Jeff Immelt told investors at an industry conference there was a "mismatch" between the performance of company he led, General Electric Co, and its stock price. Immelt, whose departure as chief executive was announced last June, proved prescie
Published 27 May, 2018 12:00am
GE stock recovers from lows as key CEO presentation nears

GE stock recovers from lows as key CEO presentation nears

A year ago, Jeff Immelt told investors at an industry conference there was a "mismatch" between the performance of company he led, General Electric Co, and its stock price. Immelt, whose departure as chief executive was announced last June, proved prescie
Published 27 May, 2018 12:00am
Philippines to launch minimum $571 million retail bond on May 30

Philippines to launch minimum $571 million retail bond on May 30

The Philippines' Bureau of the Treasury said on Friday it would begin an offer of 2021 retail treasury bonds on May 30. The launch of a minimum 30 billion pesos ($570.6 million) worth of 3-year retail bonds would come two days before the central bank's 1
Published 27 May, 2018 12:00am
Philippines to launch minimum $571 million retail bond on May 30

Philippines to launch minimum $571 million retail bond on May 30

The Philippines' Bureau of the Treasury said on Friday it would begin an offer of 2021 retail treasury bonds on May 30. The launch of a minimum 30 billion pesos ($570.6 million) worth of 3-year retail bonds would come two days before the central bank's 1
Published 27 May, 2018 12:00am
Kenya aims to issue green sovereign bond

Kenya aims to issue green sovereign bond

Kenya plans to make a "green" bond issue in the 2018/19 (July-June) fiscal year, senior government officials said on Thursday, as the country diversifies its borrowing on financial markets. The proceeds from green bonds help to finance projects in the ren
Published 27 May, 2018 12:00am
Kenya aims to issue green sovereign bond

Kenya aims to issue green sovereign bond

Kenya plans to make a "green" bond issue in the 2018/19 (July-June) fiscal year, senior government officials said on Thursday, as the country diversifies its borrowing on financial markets. The proceeds from green bonds help to finance projects in the ren
Published 27 May, 2018 12:00am
Treasuries outlook: Italy, Spain fears boost demand for US bonds

Treasuries outlook: Italy, Spain fears boost demand for US bonds

US Treasury yields fell to their lowest level in three weeks on Friday as concerns about Italy's new government and a leadership challenge in Spain boosted demand for low-risk debt. Italian Prime Minister-designate Giuseppe Conte began putting together hi
Published 27 May, 2018 12:00am
Treasuries outlook: Italy, Spain fears boost demand for US bonds

Treasuries outlook: Italy, Spain fears boost demand for US bonds

US Treasury yields fell to their lowest level in three weeks on Friday as concerns about Italy's new government and a leadership challenge in Spain boosted demand for low-risk debt. Italian Prime Minister-designate Giuseppe Conte began putting together hi
Published 27 May, 2018 12:00am
Brazilian stocks sink amid crippling truckers' strike
Currency

Brazilian stocks sink amid crippling truckers' strike

Brazil's main stock market fell to a five-month low and its real currency weakened on Friday as the fifth day of a truckers' protest over fuel prices hobbled a wide range of industries from aviation to agribusiness. The key auto sector ground to a halt, a
Published 27 May, 2018 12:00am
Italy's bond yield gap with Germany hits 200 bps

Italy's bond yield gap with Germany hits 200 bps

Italy's bond yield spread over its German equivalent stretched to its widest for nearly a year on Friday and the spread over Spain hit crisis-era levels on fears over the spending policies and eurosceptic outlook of the incoming Italian government. The cl
Published 27 May, 2018 12:00am
Italy's bond yield gap with Germany hits 200 bps

Italy's bond yield gap with Germany hits 200 bps

Italy's bond yield spread over its German equivalent stretched to its widest for nearly a year on Friday and the spread over Spain hit crisis-era levels on fears over the spending policies and eurosceptic outlook of the incoming Italian government. The cl
Published 27 May, 2018 12:00am
CEFC Shanghai defaults on $327 million in bond payments

CEFC Shanghai defaults on $327 million in bond payments

CEFC Shanghai International Group Ltd, a subsidiary of troubled China CEFC Energy, said on Monday it missed bond payments totalling 2.09 billion yuan ($327.3 million), becoming the latest private Chinese company to default amid a crackdown on financial ri
Published 27 May, 2018 12:00am
CEFC Shanghai defaults on $327 million in bond payments

CEFC Shanghai defaults on $327 million in bond payments

CEFC Shanghai International Group Ltd, a subsidiary of troubled China CEFC Energy, said on Monday it missed bond payments totalling 2.09 billion yuan ($327.3 million), becoming the latest private Chinese company to default amid a crackdown on financial ri
Published 27 May, 2018 12:00am
Big-name hedge funds bought healthcare stocks in first quarter

Big-name hedge funds bought healthcare stocks in first quarter

Prominent hedge fund managers appeared to make big first-quarter bets in UnitedHealth Group Inc, Anthem Inc and other health insurers whose shares tumbled in January after Jeff Bezos, Warren Buffett and Jamie Dimon in January announced a joint venture to
Published 27 May, 2018 12:00am
Big-name hedge funds bought healthcare stocks in first quarter

Big-name hedge funds bought healthcare stocks in first quarter

Prominent hedge fund managers appeared to make big first-quarter bets in UnitedHealth Group Inc, Anthem Inc and other health insurers whose shares tumbled in January after Jeff Bezos, Warren Buffett and Jamie Dimon in January announced a joint venture to
Published 27 May, 2018 12:00am
Disastrous Cuban sugar harvest may force imports

Disastrous Cuban sugar harvest may force imports

Rainfall has shuttered all but a few of Cuba's 54 sugar mills, with output down nearly 40 percent to the lowest level in more than a century, which could force the island to import, official media and industry sources say. While inclement weather played a
Published 27 May, 2018 12:00am
Warm spell adds to strain on EU rapeseed crops

Warm spell adds to strain on EU rapeseed crops

A warm, dry spell in Europe may reduce harvest yields for rapeseed, the continent's most important oilseed crop, by adding pressure on plants that have endured adverse weather since sowing, analysts said. Summer-style weather in the past month has helped
Published 27 May, 2018 12:00am
Asian naphtha two-session high

Asian naphtha two-session high

Asia's naphtha crack was at a two-session high of $114.80 a tonne on Thursday, only 0.6 percent shy of a 5-1/2 month high hit on May 22, supported by strong demand. Premiums for July spot cargoes in South Korea have gone above $15 a tonne, compared with p
Published 27 May, 2018 12:00am
Chinese steel, iron ore futures higher for 1st time in seven sessions

Chinese steel, iron ore futures higher for 1st time in seven sessions

Chinese steel and iron ore futures closed higher for the first time in seven sessions on Thursday on expectation that the recent sell-off has reached its limit. The most-traded steel rebar contract, for October delivery, on the Shanghai Futures Exchange r
Published 27 May, 2018 12:00am
Indonesia coffee premiums narrow further, weather helps in Vietnam

Indonesia coffee premiums narrow further, weather helps in Vietnam

Indonesia's coffee premiums narrowed further on expectations of an increase in supply ahead of this year's harvest, while in Vietnam weather conditions are positive for coffee growers but trade remains slow on tight supplies. Premiums for Indonesia's grad
Published 27 May, 2018 12:00am
CBOT wheat falls after 10-month high

CBOT wheat falls after 10-month high

Chicago Board of Trade (CBOT) wheat futures ended weaker on Thursday on profit-taking after a rally to 10-month highs as dry weather threatened crop prospects in the US Plains and other key production areas around the world. CBOT July soft red winter whea
Published 27 May, 2018 12:00am
Argentina to freeze soyabean tax cut program
Currency

Argentina to freeze soyabean tax cut program

Argentina may halt the gradual lowering of soyabean export taxes as the government speeds up its deficit-cutting effort, Treasury Minister Nicolas Dujovne said on Thursday, prompting push-back from farmers already hurting from a soya crop reduced by droug
Published 27 May, 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 traded in a tight range on Thursday as expectations for weak export demand in May were offset by a firmer trend in CBOT soyaoil futures. Asking prices for palm oil were between $2.50 a tonne higher and $5 low
Published 27 May, 2018 12:00am
Lean business on cotton market
Cotton

Lean business on cotton market

Subdued business was seen on the cotton market on Saturday in process of trading, dealers said. The official spot rate was unchanged at Rs 7,500, they added. In the ready session, a single deal reported till our going to the press, they said. According to
Published 27 May, 2018 12:00am
Indian rice prices fall to lowest in a year

Indian rice prices fall to lowest in a year

Rice prices in India fell for the third straight week to their lowest level in a year as the rupee slipped to a 16-month low, while markets in other top exporters remained relatively muted. Rates for India's 5 percent broken parboiled variety dropped by $
Published 27 May, 2018 12:00am
Russia and Ukraine face lower grain crops in 2018

Russia and Ukraine face lower grain crops in 2018

Russia and Ukraine, major global grain exporters, may face slightly lower grain crop than last year's record production due to dry weather in some of their regions, analysts and weather forecasters said. Russia and Ukraine export their grain to customers
Published 27 May, 2018 12:00am
CBOT soyabean lower

CBOT soyabean lower

Chicago Board of Trade (CBOT) soyabean futures declined for the first time in five sessions on Thursday, pressured by profit-taking and technical selling after hopes for accelerated buying by China lifted prices to three-week highs. CBOT July soyabeans en
Published 27 May, 2018 12:00am
Brazilian sugar mills, soyabean processors hit by truckers protests

Brazilian sugar mills, soyabean processors hit by truckers protests

Brazilian sugar producers and soyabean processors say their operations have been affected by nationwide truckers protests against high diesel prices that entered a third day on Wednesday, industry groups said on Wednesday. Cane industry group Unica said s
Published 27 May, 2018 12:00am
China's Sinopec to boost US crude imports to all-time high

China's Sinopec to boost US crude imports to all-time high

Sinopec, Asia's largest refiner, will boost US crude oil imports to an all-time high as China tries to reduce its trade deficit with the United States, two sources with knowledge of the matter said on Wednesday. The company's trading arm Unipec has bought
Published 27 May, 2018 12:00am
European gasoline margins rise on low stocks

European gasoline margins rise on low stocks

Benchmark northwest European gasoline refining margins rose on Thursday on low stock levels in Europe, which followed bullish stock data from the United States in the previous session. Supporting levels were the outage of a crude distillation unit and hyd
Published 27 May, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 26, 2018).

Published 27 May, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market as the rupee sustained overnight levels against the dollar in the process of trading activity, dealers said.
Published 27 May, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market as the rupee sustained overnight levels against the dollar in the process of trading activity, dealers said.
Published 27 May, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 26, 2018).

Published 27 May, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 26, 2018).

Published 27 May, 2018 12:00am
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