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Archive - 2018-06-26
Green field
Featured Photos

Green field

Aerial photo shows the scenery of Wuniangxi terraced field in Bainai Village of Rongjiang County, southwest China's
Published 26 Jun, 2018 06:18pm
Sunflowers
Featured Photos

Sunflowers

Tourists take selfie amid sunflowers in Xinzhuang Village of Handan City, north China's Hebei Province. INP
Published 26 Jun, 2018 06:14pm
Nishat Chunian Limited
Mutual Funds

Nishat Chunian Limited

Nishat Chunian Limited (PSX: NCL) has grown from its humble origins of a spinning mill comprising of 14,400 spindles to become the fourth-largest textile company by sales. The company has managed to become a vertically integrated unit with annual spinning
Updated 26 Jun, 2018 07:28am
Another corridor
Miscellaneous

Another corridor

As China builds economic corridors under Xi Jinping’s Belt and Road Initiative (BRI), development multilaterals have bec
Published 26 Jun, 2018 07:15am
Where are the manifestos?
Miscellaneous

Where are the manifestos?

The election campaign has barely started. The fever has not really caught up this time around, less than a month away fr
Published 26 Jun, 2018 07:10am
Rebound in South powers US new home sales, dampens prices

Rebound in South powers US new home sales, dampens prices

Sales of new US single-family homes increased more than expected in May as transactions in the South surged to near an 11-year high and dampened prices, but the overall housing market remained constrained by a dearth of properties for sale.
Published 26 Jun, 2018 12:00am
Mnuchin rebuts reports on new China investment restrictions

Mnuchin rebuts reports on new China investment restrictions

US Treasury Secretary Steven Mnuchin on Monday denounced media reports detailing plans to impose restrictions on Chinese investment in US companies and on tech exports to China. The reports were widely cited Monday as helping to spark a global stocks sell
Published 26 Jun, 2018 12:00am
Mnuchin rebuts reports on new China investment restrictions

Mnuchin rebuts reports on new China investment restrictions

US Treasury Secretary Steven Mnuchin on Monday denounced media reports detailing plans to impose restrictions on Chinese investment in US companies and on tech exports to China. The reports were widely cited Monday as helping to spark a global stocks sell
Published 26 Jun, 2018 12:00am
China lifts French beef ban as PM ends visit

China lifts French beef ban as PM ends visit

China signed a deal Monday to lift a ban on French beef and said discussions to buy Airbus planes remained open as French Prime Minister Edouard Philippe ended a four-day visit. The beef ban was imposed over a decade ago as Beijing started closing off its
Published 26 Jun, 2018 12:00am
Commonwealth to spin off wealth, mortgage arms

Commonwealth to spin off wealth, mortgage arms

Commonwealth, Australia's biggest bank, announced plans Monday to spin off its wealth management and mortgage-broking arms as it tries to streamline operations and focus on core businesses. The troubled lender - the country's largest company - is also con
Published 26 Jun, 2018 12:00am
Libya to restart exports after 'full control' of oil crescent

Libya to restart exports after 'full control' of oil crescent

Military strongman Khalifa Haftar's forces announced Monday their "full control" of Libya's oil crescent after driving out a rival militia, as authorities said normal exports were set to resume. "Mopping up operations for enemy holdouts" have been complet
Published 26 Jun, 2018 12:00am
FTSE sinks as fresh trade war fears rattle global markets

FTSE sinks as fresh trade war fears rattle global markets

British shares suffered their worst trading day since February as a global sell-off caused by an escalating trade dispute between the United States and China hit global markets on Monday. The FTSE 100 closed down 2.2 percent, with financials, energy and m
Published 26 Jun, 2018 12:00am
Australian shares dip; New Zealand treads water

Australian shares dip; New Zealand treads water

Australian shares slipped on Monday as declines in banks offset gains in materials and energy stocks after Commonwealth Bank of Australia stepped up plans to spin off its wealth management business as the industry grapples with a series of scandals.
Published 26 Jun, 2018 12:00am
Sri Lankan stocks down

Sri Lankan stocks down

Sri Lankan shares ended weaker on Monday, staying close to a 14-month low hit last week as investors sold diversified shares in dull trade with turnover at a nine-week low. The Colombo stock index ended 0.13 percent weaker at 6,220.13, near its lowest clo
Published 26 Jun, 2018 12:00am
Trade war sell-off hits European shares hard

Trade war sell-off hits European shares hard

European shares slid further on Monday as investors on both sides of the Atlantic grew increasingly fearful of the threat of a global trade war and its impact on the world economy. The pan-European STOXX 600 index dropped 2 percent, with Britain's FTSE an
Published 26 Jun, 2018 12:00am
China stocks reverse gains to end lower

China stocks reverse gains to end lower

China stocks gave up early gains to close lower on Monday, as an expected reserve requirement ratio (RRR) cut was largely offset by lingering trade war fears, and as a weakening yuan pushed lower real estate and airline shares.
Published 26 Jun, 2018 12:00am
Most Southeast Asian stocks fall on risk-off sentiment

Most Southeast Asian stocks fall on risk-off sentiment

Most Southeast Asian stock markets fell on Monday, tracking broader Asia amid a sustained equity sell-off, while Vietnam shares extended their recovery into a second session. MSCI's broadest index of Asia-Pacific shares outside Japan fell about 1 percent
Published 26 Jun, 2018 12:00am
TSX futures slip

TSX futures slip

Stock futures pointed to a lower opening for Canada's main stock index on Monday, tracking declines in global markets, following the latest escalation in a trade dispute between the United States and China and Brent crude prices tumbled. June futures on t
Published 26 Jun, 2018 12:00am
Indian shares fall

Indian shares fall

Indian shares fell on Monday as increasing trade tensions between the United States and other major economies continued to dampen investor sentiment. The broader NSE index ended 0.55 percent lower at 10,762.45, while the benchmark BSE index closed 0.61 pe
Published 26 Jun, 2018 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks lost ground on Monday as worries over a US-China trade war and a strong yen weighed on the market. The benchmark Nikkei 225 index fell 0.79 percent or 178.68 points to close at 22,338.15, while the broader Topix index was down 0.95 percent or
Published 26 Jun, 2018 12:00am
Hong Kong stocks touch six-month low

Hong Kong stocks touch six-month low

Hong Kong stocks fell to a six-month low on Monday, dragged by tech shares as the United States plans limits on Chinese investment in US technology firms.
Published 26 Jun, 2018 12:00am
Dubai stocks hit lowest since January 2016 on DSI

Dubai stocks hit lowest since January 2016 on DSI

Dubai stocks slumped on Monday to its lowest since January 2016, led by losses in contractor Drake & Scull, while Saudi stocks slipped after gains ahead of index compiler MSCI's move to lift Riyadh to its emerging markets benchmark. Drake & Scull shares f
Published 26 Jun, 2018 12:00am
Aussie, kiwi ease
Currency

Aussie, kiwi ease

The Australian and New Zealand dollars backtracked on Monday on reports the White House was considering new curbs on Chinese investment in the United States, another potential escalation in global trade tensions. The Aussie dollar dipped to $0.7425, havin
Published 26 Jun, 2018 12:00am
Sterling edges higher
Currency

Sterling edges higher

Sterling edged higher from the day's lows on the back of a weaker dollar as worries about rising trade tensions between the United States and other leading economies kept risk appetite in check. But broad moves were limited before a crucial EU summit this
Published 26 Jun, 2018 12:00am
Turkey lira pares dollar gains
Currency

Turkey lira pares dollar gains

Turkey's embattled lira on Monday pared gains against the US dollar after a surge following President Recep Tayyip Erdogan's decisive election victory, as analysts warned the economy still faced troubled waters. The lira was trading at 4.66 to the dollar,
Published 26 Jun, 2018 12:00am
Asian forex: Trade war concerns weigh on region

Asian forex: Trade war concerns weigh on region

Emerging market currencies in Asia weakened on Monday as a reported US government plan to curb Chinese investment in US tech companies weighed heavily on risk sentiment.
Published 26 Jun, 2018 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee closed slightly weaker on Monday in dull trade, while dollar selling by a state bank limited the downside, dealers said. The rupee, which went as far as 158.90 per dollar intraday, ended at 158.70/90 per dollar, compared with Friday's
Published 26 Jun, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 83.70-83.70 (Previous 83.70-83.70).
Published 26 Jun, 2018 12:00am
Early trade in New York: dollar falls against yen
Currency

Early trade in New York: dollar falls against yen

The dollar fell against the Japanese yen on Monday as worries about escalating trade tensions between the United States and other leading economies kept risk appetite in check. The greenback was down 0.3 percent at 109.63 yen, after slipping to a two-week
Published 26 Jun, 2018 12:00am
Dollar tumbles against yen in Asia
Currency

Dollar tumbles against yen in Asia

The dollar fell to a two-week low against the yen on Monday as a latest flare-up in global trade concerns dented investor risk appetites and drove down US yields. The greenback was down 0.4 percent at 109.54 yen after dropping to 109.45, its weakest since
Published 26 Jun, 2018 12:00am
Yuan ends onshore trading at six-month low
Currency

Yuan ends onshore trading at six-month low

China's yuan on Monday ended the official domestic trading session at its lowest level in six months following the central bank's cut in some banks' reserve requirements in order to boost lending. The spot yuan market opened at 6.5200 per dollar, weakened
Published 26 Jun, 2018 12:00am
Suarez inspires 3-0 win over 10-man Russia

Suarez inspires 3-0 win over 10-man Russia

Luis Suarez helped fire Uruguay into the last 16 of the World Cup as Group A winners on Monday after opening the scoring in their 3-0 win over host nation Russia, who had a man sent off. A pinpoint free-kick from the Barcelona star and an own goal from De
Published 26 Jun, 2018 12:00am
Swiss players avoid World Cup ban for eagle celebrations

Swiss players avoid World Cup ban for eagle celebrations

Switzerland players Granit Xhaka, Xherdan Shaqiri and Stephan Lichtsteiner escaped bans Monday for celebrating goals with a pro-Kosovo double eagle gesture in their World Cup win over Serbia. FIFA said Xhaka and Shaqiri would each be fined 10,000 Swiss fr
Published 26 Jun, 2018 12:00am
Tottenham's new stadium 'future-proofed' for safe standing

Tottenham's new stadium 'future-proofed' for safe standing

Tottenham Hotspur's new 62,000-seater stadium has been "future-proofed" for safe standing, the Premier League club said on Monday. The north London tam's announcement comes as cross-party MPs are set to debate safe standing in Parliament later on Monday t
Published 26 Jun, 2018 12:00am
History for Egypt keeper but Pharaoahs fall to Saudis

History for Egypt keeper but Pharaoahs fall to Saudis

Egypt goalkeeper Essam El Hadary saved a penalty after becoming the oldest player ever to appear at the World Cup on Monday but it was not enough to stop the Pharaoahs sliding to a 2-1 defeat by Saudi Arabia. The 45-year-old goalkeeper flew to his right t
Published 26 Jun, 2018 12:00am
No mercy for Messi: Nigeria coach

No mercy for Messi: Nigeria coach

Nigeria will take delight in ending potentially Lionel Messi's last World Cup for Argentina despite their love and admiration for the five-time world player of the year, promised Super Eagles coach Gernot Rohr. Victory for the Africans in Saint Petersburg
Published 26 Jun, 2018 12:00am
Deschamps says France won't offer Denmark any favours

Deschamps says France won't offer Denmark any favours

France coach Didier Deschamps said his team will be going all out to win their final World Cup group game against Denmark on Tuesday as they look to wrap up first place. Deschamps is expected to make several changes for the encounter in Moscow with France
Published 26 Jun, 2018 12:00am
'Fixing approach' interview: ICC-PCB seek explanation from Umar Akmal

'Fixing approach' interview: ICC-PCB seek explanation from Umar Akmal

Cricketer Umar Akmal, who is known for his flamboyant-and-capricious attitude, has once again hit the headlines after he said in a television interview that he had been approached to fix matches. Pakistan Cricket Board (PCB)'s Anti Corruption Unit (ACU) h
Published 26 Jun, 2018 12:00am
First-ever Dwarf Sports' Festival on June 29

First-ever Dwarf Sports' Festival on June 29

District Sports Office, Peshawar is organizing first-ever Dwarfs Sports' Festival at Arbab Niaz Cricket Stadium on June 29, 2018. Besides, prominent movies and television artistes, Zardad Bulbul and Sardar Marikhi, dwarf persons from Peshawar, Mardan, Kar
Published 26 Jun, 2018 12:00am
Vaughan says 'X-factor' Buttler can inspire England to World Cup glory

Vaughan says 'X-factor' Buttler can inspire England to World Cup glory

Jos Buttler gives England the "best chance they have ever had" of winning the World Cup, according to former captain Michael Vaughan. Buttler's 110 not out rescued England from the brink of defeat as they beat Australia by one wicket in the fifth one-day
Published 26 Jun, 2018 12:00am
Hamilton stays calm as Mercedes build momentum

Hamilton stays calm as Mercedes build momentum

A delighted Lewis Hamilton intends to stay grounded as he heads towards the second part of Formula One's first 'triple header' in Austria next weekend following his comprehensive win in Sunday's French Grand Prix.
Published 26 Jun, 2018 12:00am
Uber claims U-turn as it bids to restore London licence

Uber claims U-turn as it bids to restore London licence

Uber claimed Monday it had mended its ways as the ride-hailing app started its appeal against being stripped of its licence to operate in London. Uber agreed it was right that its licence had not been renewed by the city's transport authority back in Sept
Published 26 Jun, 2018 12:00am
Greystar to buy Education Realty in $4.6 billion

Greystar to buy Education Realty in $4.6 billion

Education Realty Trust Inc, a developer of student housing, said on Monday it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion, including debt. Education Realty shareholders will receive $41.50 per share in cash fr
Published 26 Jun, 2018 12:00am
German business morale ebbs as trade dispute ramps up

German business morale ebbs as trade dispute ramps up

Business confidence in Germany fell in June to its lowest in more than a year, suggesting the mood among company executives is darkening as the world edges towards a full-blown trade war. Activity declined in all four sectors measured by the Munich-based
Published 26 Jun, 2018 12:00am
Premier Foods investor calls for immediate removal of CEO

Premier Foods investor calls for immediate removal of CEO

Shareholder Oasis Management has called for the immediate removal of Premier Foods Chief Executive Gavin Darby, raising the pressure on the company ahead of its annual meeting next month. Oasis, which said it has a 9.3 percent stake in Premier, said curre
Published 26 Jun, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, on concerns about dry Western Canada conditions and with support from higher US soya prices. Limited farmer selling and talk of Chinese export demand added support, a trader said. Statistics Canada will estimate
Published 26 Jun, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 308,309 tonnes of cargo comprising 294,909 tonnes of import cargo and 13,400 tonnes of export cargo including 4,584 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 294
Published 26 Jun, 2018 12:00am
Euronext wheat futures little changed

Euronext wheat futures little changed

Euronext wheat futures were little changed on Friday, in a lull following a volatile week marked by worries over global trade tensions and weather risks to wheat crops. Benchmark December milling wheat on Paris-based Euronext was 0.25 euro, or 0.1 percent
Published 26 Jun, 2018 12:00am
Palm oil firmer on European vegoils market
Vegetable Oil

Palm oil firmer on European vegoils market

Palm oil on the European vegetable oils market was offered firmer on Friday, following gains in Malaysian palm oil futures on an outlook for weaker production. Asking prices for palm oil were between $2.50 and $12.50 a tonne up from Thursday, after Malays
Published 26 Jun, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,501. The traded value of Metals, Energy and COTS/FX was recorded at PKR5.941 billion and the number of lots traded was 8.681. Major business was contributed by WTI crude o
Published 26 Jun, 2018 12:00am
Cotton market: Prices rise with global trend on thin trade
Cotton

Cotton market: Prices rise with global trend on thin trade

Rates traced up on the cotton market on Monday in line with the international trend, dealers said. The official spot rate was unchanged at Rs 7,500, they added. Prices of seed cotton in Sindh were available at Rs 3900-4250, while in the Punjab, rates were
Published 26 Jun, 2018 12:00am
European barley harvest kicks off with mixed outlook

European barley harvest kicks off with mixed outlook

The winter barley harvest has started in the European Union, with lower production expected from northern regions due to hot and dry weather but a better outlook elsewhere, analysts said. In France, the EU's largest barley producer, the winter crop was ex
Published 26 Jun, 2018 12:00am
Shanghai steel posts worst week in three months

Shanghai steel posts worst week in three months

Shanghai steel prices fell on Friday, posting their biggest weekly loss since March, with risk appetite curbed by signs that a tariff war between China and the United States is hitting global companies. Luxury carmaker Daimler cut its profit forecast and
Published 26 Jun, 2018 12:00am
CBOT wheat futures down on technical trading
Cotton

CBOT wheat futures down on technical trading

Chicago Board of Trade wheat futures ended on a down note on Friday, as traders scrambled for profits after a week where trade-war fears and forecasts of a reduced harvest in Russia roiled the grain markets. Wheat closed lower with the front-month July lo
Published 26 Jun, 2018 12:00am
US soyabean futures rebound on short covering

US soyabean futures rebound on short covering

US soyabean futures bounced up on Friday as traders scrambled to cover short positions before the weekend, but the rebound was not enough to completely recover from a string of trade war fear-fuelled losses that have now stretched into a fourth consecutiv
Published 26 Jun, 2018 12:00am
European gasoline margins lower on rising supplies

European gasoline margins lower on rising supplies

Benchmark northwest European gasoline refining margins ended the week nearly 25 percent lower, weighed down by rising global supplies and slow exports to the United States ahead of peak summer demand. Jefferies: Margins fell sharply in all regions on cont
Published 26 Jun, 2018 12:00am
Brazil cane crop size hard to gauge due to irregular rains

Brazil cane crop size hard to gauge due to irregular rains

Sugar market players in Brazil are diverging widely about the size of the 2018-19 cane crop in the center-south, the world's largest sugar producing region, as erratic weather makes it difficult to assess the season's likely final tally. The outlook for t
Published 26 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Jun, 2018 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 26 Jun, 2018 12:00am
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