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Archive - 2020-09-04
Raw sugar dips below 12 cents, arabica hits 8-month peak
Commodities

Raw sugar dips below 12 cents, arabica hits 8-month peak

  • October raw sugar fell 0.1 cent, or 0.8%, to 11.97 cents per lb.
  • December arabica coffee rose 1.5 cents, or 1.1%, to $1.3270 per lb, having hit a fresh eight-month peak of $1.3545.
  • December London cocoa rose 1 pounds, or 0.1%, to 1,799 pounds per tonne.
Published
Russian rouble heads towards recent lows, Navalny and Belarus in focus
Forex

Russian rouble heads towards recent lows, Navalny and Belarus in focus

  • The US dollar rose to its highest in a week as investors bought into the safe-haven asset after the US Labor Department reported job growth slowed further in August.
  • Market volatility increased in the second half of the day. The US market will be closed for a holiday on Monday.
Published
Brazil widens 2020 govt primary deficit forecast to 12.1pc of GDP from 11pc
USA

Brazil widens 2020 govt primary deficit forecast to 12.1pc of GDP from 11pc

  • The ministry now expects the central government primary deficit excluding interest payments to reach 866.4 billion reais ($167 bln) or 12.1% of gross domestic product this year.
  • The wider public sector deficit was also revised wider to 891.1 billion reais or 12.4% of GDP, from 812.2 billion reais or 11.3% of GDP.
Published
TSX gains on positive monthly jobs data
Stocks

TSX gains on positive monthly jobs data

  • The country added 245,800 jobs in August, most of them full-time, and the unemployment rate fell to 10.2%.
  • The energy sector fell 0.28% as US crude prices were down 1.79% a barrel, while Brent crude lost 1.5%.
Published
US natgas futures retreat on lower cooling demand
Energy

US natgas futures retreat on lower cooling demand

  • The front-month was en route to its first weekly fall in five and at a decline of over 8%, its worst performance since the week ended June 26.
  • The overall lower demand along with relatively flat production estimates since last week is creating a little bit of a pause in what was an upward momentum market.
Updated
Wall Street sinks as tech sell-off resumes
Stocks

Wall Street sinks as tech sell-off resumes

  • August nonfarm payrolls rise by 1.37mn.
  • Stay-at-home stocks lose ground again.
  • Shares of big US lenders advance.
  • Indexes down: Dow 0.44%, S&P 1.28%, Nasdaq 2.79%.
Published
IAEA inspects one of two sites in Iran after long stand-off
South Asia

IAEA inspects one of two sites in Iran after long stand-off

  • The International Atomic Energy Agency inspected one of the sites and took environmental samples there, one of the two reports obtained.
  • The agency's inspectors will visit the other site "later in September 2020 on a date already agreed with Iran.
Published
Yields climb on August jobs report
Financial

Yields climb on August jobs report

  • The benchmark 10-year yield, was last up 5.5 basis points at 0.6771%.
  • The bond market certainly took it as an economically positive development," said Guy LeBas.
Published
Ronaldo, stuck on 99 goals, doubtful for Croatia match
Sports

Ronaldo, stuck on 99 goals, doubtful for Croatia match

  • Ronaldo, Portugal's all-time leading scorer and most capped player.
  • I have a few doubts as to whether he will be fit.
  • Cristiano trained very well on Monday and Tuesday but on Wednesday had this pain in his toe.
Published
Corn up 4-5 cents, wheat and soybeans up 1-2 cents
Commodities

Corn up 4-5 cents, wheat and soybeans up 1-2 cents

  • Wheat futures seen modestly higher on technical buying ahead of a long US holiday weekend.
  • Total stocks of Canadian wheat on July 31 were down by 14.6% compared to the same date in 2019, in part due to higher exports,
Published
China's Xi supports Beijing free trade zone
South Asia

China's Xi supports Beijing free trade zone

  • Xi made the remarks while addressing the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services via video.
  • "China will unswervingly increase its openness and set up a robust cross-border services trade-negative list system," he said.
Updated
PCB accepts Iqbal Qasim’s resignation
Sports

PCB accepts Iqbal Qasim’s resignation

“Iqbal Qasim has remained a loyal servant to Pakistan cricket and we hope he will continue to offer his services in future, nevertheless,” states the board.
Published
Sterling set for biggest weekly fall versus dollar since mid-June
Forex

Sterling set for biggest weekly fall versus dollar since mid-June

  • The dollar is set for its biggest weekly rise since June, boosted by a wave of risk aversion in markets after Wall Street pulled back from recent tech-led gains.
  • The euro and the pound are both down about half a percent versus the dollar this week - the pound's biggest weekly fall since mid June.
Published
UK court allows Nigeria more time to appeal in $10bn dispute
Africa

UK court allows Nigeria more time to appeal in $10bn dispute

  • Process & Industrial Developments (P&ID) won a $6.6 billion arbitration award after a 2010 deal to carry out a gas project in Nigeria collapsed.
  • Nigeria has alleged corruption in the contract and the ruling will allow the government more time to investigate.
Published
Mexico auto production, exports decline in August
USA

Mexico auto production, exports decline in August

  • Auto exports dropped 8.59% to 257,610 units. Output and exports were down by about a third from 2019 during the first eight months of this year.
  • Measures to curb the spread of the coronavirus pandemic previously brought activity in the sector to a near-standstill.
Published
Mexican consumer confidence rises for 3rd month in August
USA

Mexican consumer confidence rises for 3rd month in August

  • Adjusted for seasonal factors, consumer confidence was 34.6 in August, the first time the gauge has been published in months.
  • Mexican gross domestic product shrank by more than 17% quarter-on-quarter in the April-June period as the pandemic battered Latin America's no. 2 economy,
Published
A nod and a wink?
Currency

A nod and a wink?

The Khan government is not the only one breathing a sigh of relief over the number of coronavirus cases plateauing ...
Published
NHMP organises webinar
Pakistan

NHMP organises webinar

ISLAMABAD: The National Highways and Motorway Police (NHMP) has organised a webinar Thursday, "Digitalizing...
Updated
AAJ PROGRAM SCHEDULE
Life & Style

AAJ PROGRAM SCHEDULE

Friday, September 04, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...
Updated
Three soldiers martyred

Three soldiers martyred

RAWALPINDI: Three soldiers of Pakistan Army were martyred and four personnel wounded as a patrolling vehicle hit a...
Updated
Zardari, Nawaz discuss situation?

Zardari, Nawaz discuss situation?

KARACHI: The top leaders of Pakistan People's Party (PPP), Asif Ali Zardari and Bilawal Bhutto-Zardari, had talked ...
Published
PM to visit Karachi on Saturday

PM to visit Karachi on Saturday

ISLAMABAD: Prime Minister Imran Khan, who was scheduled to visit rain-hit Karachi, will now visit the metropolis on...
Published
The Weather
Pakistan

The Weather

KARACHI: The weather report on Thursday (September 3, 2020) and the forecast for Friday (September 4, 2020)....
Published
Safety audit of PIA
Pakistan

Safety audit of PIA

IATA team to arrive tomorrow KARACHI: A team of the International Air Transport Association (IATA) will be arriving...
Published
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published
JLI MEESEQ Fund Rates
Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Thursday (September 3, 2020). ======================== Offer Price 1,191.6781...
Published
JLI MANAGED TAKAFUL FUND
Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Thursday (September 3, 2020). ======================== Offer Price...
Published
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published
Member to Member
Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (September 3, 2020)....
Published
THE RUPEE: Mixed behaviour
Currency

THE RUPEE: Mixed behaviour

KARACHI: On Thursday, Pakistan Rupee displayed mixed behaviour. It lost value to USD in both interbank and open...
Published
Shipping Intelligence
Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 3, 2020)....
Published
Lahore Paper Market Rates
Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (September 3, 2020). ======================================= ...
Published
Lahore Grain Market Rates
Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 3, 2020)...
Published
Bullion Rates
Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 3, 2020)....
Published
POL sales down by 7pc on MoM
Energy

POL sales down by 7pc on MoM

KARACHI: Total POL sales declined by 7 percent on month-on-month basis to 1.55 million tons in August 2020 as demand...
Published
European gasoline margins rise
Energy

European gasoline margins rise

LONDON: Northwest European gasoline refining margins rose to around $3.7 a barrel on Wednesday, after a larger than...
Published
Nikkei hits 30-year high
Stocks

Nikkei hits 30-year high

TOKYO": Japan's Nikkei share average hit a six-month high on Thursday and reached its highest level in three decades...
Published
S&P climbs again
Stocks

S&P climbs again

NEW YORK: The S&P 500 closed higher on Wednesday for the ninth time in the past 10 sessions, with defensive and...
Published
China stocks down
Stocks

China stocks down

SHANGHAI: China stocks ended lower on Thursday, as investors pulled out of high-flying consumer firms on worries ...
Published
European shares drop
Stocks

European shares drop

MILAN: European shares retreated on Thursday with technology stocks leading losses in tandem with their US peers,...
Published
Australian, NZ shares up
Stocks

Australian, NZ shares up

SYDNEY: Australian shares ended higher for a second straight session on Thursday, with financials leading gains, as...
Published
Karachi needs attention
Letters

Karachi needs attention

Prime Minister Imran Khan is scheduled to arrive in Karachi today to unveil his government's strategy on how to...
Published
Cotton Spot Rates
Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 3, 2020)....
Published
US MIDDAY: Gold falls
Commodities

US MIDDAY: Gold falls

NEW YORK: Gold prices fell over 1% on Thursday, as positive US economic data elevated hopes for a quick recovery and...
Published
Gold dips in Europe
Commodities

Gold dips in Europe

LONDON: Gold prices dipped to a near one-week low on Thursday, weighed down by a stronger dollar and as growing ...
Published
A flimsy excuse
Editorials

A flimsy excuse

EDITORIAL: Even as the recent rains have wreaked havoc in Karachi highlighting the missing link in the delivery of...
Published