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Cotton

Cotton hits three-month low but recovers on short-covering, mill buying

Benchmark cotton futures on ICE hit a three-month low on Wednesday but recovered to close higher for the first time in four sessions as extensive recent losses prompted investors to cover short positions and enticed physical buying from mills. "The bears

Published 23 Jul, 2015 12:00am

Cotton

Government indecision over cotton intervention price may hurt growers

The government is yet to decide about the cotton intervention price for the current season, which is likely to deprive the growers of due benefits, official sources told Business Recorder. The sub-committee of National Assembly Standing Committee o

Published 23 Jul, 2015 12:00am

Cotton

Bank transactions: PCGA rejects 0.3 percent WHT

The Executive Committee of Pakistan Cotton Ginners Association (PCGA) has rejected the 0.3 percent withholding tax on bank transactions describing it detrimental to the business community and announced to join the protest movement of traders across the co

Published 22 Jul, 2015 12:00am

Cotton

Cotton falls for third straight session to hit three-month low

Benchmark cotton futures on ICE fell for the third straight session on Tuesday, hitting their lowest levels in nearly three months, as speculators liquidated long positions and refrained from buying as the downward trend of recent weeks continued.

Published 22 Jul, 2015 12:00am

Currency

Read, comprehend, and rectify

There is considerable food for thought for members in both the houses of parliament (National Assembly and Senate) as well as the federal government in the third quarterly report of State Bank of Pakistan (SBP). The opposition members need to hold the gov

Published 22 Jul, 2015 12:00am

Cotton

Cotton hits near three-month low amid broad commodities selloff

Benchmark cotton futures on ICE fell on Monday to their lowest levels in nearly three months, as several commodities took sharp losses and the US dollar hit its highest level since April. "We had a risk-off day across the board," said Louis Rose, an indep

Published 21 Jul, 2015 12:00am

Cotton

Dry spell wilts Indian crops, stokes food inflation concerns

Farmers in India run the risk of planting too much, too fast in the current monsoon season as an unexpected dry spell starts to wilt crops across the country, raising fears of lower yields and surging food prices in a mostly impoverished nation.

Published 18 Jul, 2015 12:00am

Cotton

China sells 8.8 percent of reserve cotton

China has sold 8.78 percent of the cotton on offer from its state reserves after the first week of sales, confirming expectations of poor demand. Beijing is aiming to sell as much as 1 million tonnes of fibre from state stocks by the end of August as part

Published 18 Jul, 2015 12:00am

Cotton

Cotton edges up from three-week low as charts, export data support

Benchmark cotton futures on ICE gained on Thursday, buoyed by better-than-expected export sales data and technical support. Weekly US exports for the current crop year that runs through end-July jumped nearly 70 percent week over week, government data sho

Published 18 Jul, 2015 12:00am

Cotton

Eid makeup trends

The festival of Eid brings joy and happiness on every face. The occasion enhances the spirit of peace, harmony, love, and delight. It is the best time of the year for families and friends to meet and celebrate the joy of the Eid. The occasion is specially

Published 18 Jul, 2015 12:00am

Cotton

Economic and social sums do not add up

The dos and donts of economics have to be understood before unilateral decisions are taken. Increasingly, the perfunctory nature of the decisions are coming out in the economy. The USA got its independence from the colonial powers on the basis of the Bost

Published 18 Jul, 2015 12:00am

Cotton

PCGA announces election schedule

Pakistan Cotton Ginners Association's (PCGA) Central Executive Committee has announced the schedule for election 2015-16. According to the schedule, the election for chairman and vice-chairmen of PCGA will be held on September 22. An election committee he

Published 18 Jul, 2015 12:00am

Cotton

Dry spell wilts Indian crops, stokes food inflation concerns

Published 18 Jul, 2015 12:00am

Cotton

Egypt's index extends rally on positive news; Gulf markets barely moves

Egypt's stock market continued rebounding on Thursday from 15-month lows, buoyed by positive corporate news, while Gulf bourses moved little as Eidul-Fitr holidays began in the region. The Cairo benchmark added 1.8 percent to 8,023 points as property name