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Business Recorder Logo

Sep 26, 2020 PRINT EDITION ► BR MARKETS ►

COTTON

YARN

CURRENCY

EXCHANGE

MUTUAL FUNDS

BULLION RATE

CAPITAL GROWTH

LIBOR

KERB

Print - 2020-09-26
US natgas futures fall with cash prices on lower demand forecasts
Markets Print: September 26, 2020

US natgas futures fall with cash prices on lower demand forecasts

  • The decline in futures prices came despite a projected increase in LNG exports, record sales to Mexico and a drop in daily output to a 25-month low.
  • On its second to last day as the front-month, gas futures for October delivery fell 10.9 cents, or 4.8%, to settle at $2.139 per million British thermal units (mmBtu).
US corn, soy futures firm after four days of losses; wheat weak
Markets Print: September 26, 2020

US corn, soy futures firm after four days of losses; wheat weak

  • Soybeans fell 4.1% this week, their biggest weekly decline since mid-March, while corn's weekly loss of 3.6% was set to be its biggest.
  • Chicago Board of Trade November soybean futures ended up 2-1/2 cents at $10.02-1/2 a bushel. CBOT December corn was 1-3/4 cents higher at $3.65-1/4 a bushel.
Business Recorder
Pakistan Print: September 26, 2020

The Weather

KARACHI: The weather report on Friday (September 25, 2020) and the forecast for Saturday (September 26, 2020)....
Head-Office of sugar mill raided
Print Print: Updated September 26, 2020

Head-Office of sugar mill raided

LAHORE: The Competition Commission of Pakistan (CCP) on Friday carried out a search and inspection of a sugar mill...
Some 3,500 US companies sue over Trump-imposed Chinese tariffs
World Print: September 26, 2020

Some 3,500 US companies sue over Trump-imposed Chinese tariffs

  • The suits, filed in the US Court of International Trade, named US Trade Representative Robert Lighthizer.
  • The suits challenge tariffs in two separate groups known as List 3 and List 4A." List 3 includes 25% tariffs on about $200 billion in imports.
US dollar net short bets rise this week
Markets Print: September 26, 2020

US dollar net short bets rise this week

  • The value of the net short dollar position hit $33.60 billion in the week from net shorts of $30.9 billion the previous week.
  • US dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound.
American Airlines secures $5.5 billion Treasury loan, could tap more
Business Print: Updated September 26, 2020

American Airlines secures $5.5 billion Treasury loan, could tap more

  • Airlines have until Sept. 30 to decide whether to take the US Treasury loans, which were authorized under the CARES Act coronavirus relief bill passed by Congress in March.
  • US airlines received a separate $25 billion in March under the CARES Act primarily in the form of grants to keep employees on payroll through the end of this month.
Facebook critics launch rival oversight board
Business Print: September 26, 2020

Facebook critics launch rival oversight board

  • The new group, which bills itself as the "Real Facebook Oversight Board," counts among its initial members the heads of three US civil rights groups.
  • Facebook "responds to criticism with bad faith statements and cosmetic changes.
Canada has signed deal for AstraZeneca vaccine candidate: PM
Business Print: September 26, 2020

Canada has signed deal for AstraZeneca vaccine candidate: PM

  • Trudeau also told a news conference that Ottawa would invest C$440 million ($328 million) in the COVID-19 vaccine Global Access Facility.
  • The AstraZeneca medication is among the leading candidates in the global race for a vaccine, now in late-stage trials in Britain, South Africa and elsewhere.
Cotton futures set for second weekly gain as rains delay harvest
Markets Print: September 26, 2020

Cotton futures set for second weekly gain as rains delay harvest

  • There is a little bit of a wet weather that is bothering the harvest. It is not really harming the quality but prolonging the harvest.
  • Limiting cotton's advance, the dollar scaled a two-month peak and was on track for its biggest weekly gain since early April.