Soft red winter wheat export premiums at the US Gulf Coast declined on Friday on weak export demand and rising supplies from an accelerating harvest, traders said. Hard red winter wheat premiums were steady to weak, also pressured by rising supplies of ne

US natural gas futures ended lower on Friday for the second straight day, pressured by a slightly milder trend in the extended weather outlook despite expectations for some near-term heat that should kick up demand in the Northeast and Midwest.

Spot basis bids for corn and soyabeans held mostly steady around the US Midwest on Friday as a decline in futures at the Chicago Board of Trade slowed the already seasonally reduced offerings from farmers and commercial elevators, dealers said.

Russia's exportable wheat surplus could reach 18-20 million tonnes in 2013/14, compared with exports of around 11 million tonnes in the current 2012/13 season, the head of its Grain Union said on Thursday. Earlier in June, the government forecast that nex

French analyst Strategie Grains lifted its forecast for this year's soft wheat harvest in the European Union due to higher yield estimates following favourable weather conditions in many parts of the bloc in the last few weeks. Soft wheat output in the 28

ICE Canadian canola futures dipped on Friday, weakened by lower soybeans and profit-taking, but the nearby contract registered its first weekly gain in three weeks. Weak Canadian dollar limited canola's losses. Nearby July canola fell further than Novembe

The Karachi Port handled 135,925 tonnes of cargo comprising 105,323 tonnes of import cargo and 30,602 tonnes of export cargo including 6,640 loaded and empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 10

Coffee prices in India, the world's fifth-biggest producer, eased on lack of export demand at a weekly auction. Arabica Plantation PB and A grade price were lower by 150-200 per 50 kg compared with the last sale, auctioneer J. Thomas & Co Pvt Ltd said in

Corn futures in India are expected to trade higher next week on a squeeze in local supplies and dwindling stocks, though the good progress of sowing due to plentiful monsoon rains are seen weighing on sentiment. Farmers have started sowing, and the fast p

Palm oil on the European vegetable oils market eased on Friday following a sell-off in global commodity markets and a lower Malaysian ringgit. "The weaker levels for many products on the European cash market were mostly the effect of the US Federal Reserv

Asia will spearhead the rise in global stock markets from now until the end of the year, according to a worldwide Reuters poll that showed only modest gains ahead for North American and European shares. Respondents also showed they expected the US Federal

After blistering gains in the first half of 2013, the US stock rally is expected to decelerate in the latter part of the year, advancing modestly beyond record highs, a Reuters poll found. The S&P 500 has jumped 15 percent year-to-date, repeatedly notchin

Japan's Nikkei will rise 51 percent in 2013 on expectations of higher company earnings, driven by a weaker yen after Prime Minister Shinzo Abe embarked on radical fiscal and monetary expansionary policies to spur growth, a Reuters poll showed, A gradual e

China is likely to resume approving initial public offerings at the end of July, sources quoted a senior regulator as saying on Tuesday, after a freeze since October as part of efforts to crack down on wrongdoing and restore investor confidence.

Indian bonds fell for a second consecutive session, posting their worst weekly loss in nearly a year as foreign investors sold heavily on the back of a fall in the rupee to record lows and narrowing differentials with US Treasury yields. The yield on the

Indian bonds fell for a second consecutive session, posting their worst weekly loss in nearly a year as foreign investors sold heavily on the back of a fall in the rupee to record lows and narrowing differentials with US Treasury yields. The yield on the

German Bund futures hit five-month lows on Friday on prospects of reduced US monetary stimulus, but Italian and Spanish debt stabilised after a deep sell-off the previous day. Greek government bonds underperformed other euro zone paper, with borrowing cos

German Bund futures hit five-month lows on Friday on prospects of reduced US monetary stimulus, but Italian and Spanish debt stabilised after a deep sell-off the previous day. Greek government bonds underperformed other euro zone paper, with borrowing cos

Brazilian stocks tumbled on Friday to the lowest in more than four years as investors remained concerned about an end to the US Federal Reserve's bond-buying scheme, worried about the Brazilian economy and anxious over a mass protest movement. Mexican sto

Canada's main stock index ended higher on Friday on gains in banks and gold miners, but recorded its third straight week of heavy losses as the US Federal Reserve's signal of a coming pullback of its easy money policy spooked investors. The change in Fed

US Treasuries prices fell on Friday and yields rose to their highest in over 22 months, marking a miserable week for the bond market as investors fled in the wake of a signal from the Federal Reserve that it might pare its bond purchases later this year.

US Treasuries prices fell on Friday and yields rose to their highest in over 22 months, marking a miserable week for the bond market as investors fled in the wake of a signal from the Federal Reserve that it might pare its bond purchases later this year.

US stocks ended mostly higher on Friday, with the Dow and S&P 500 ending two days of heavy losses, though traders continued to fret over planned changes to the Federal Reserve's easy money policy. Major indices posted their biggest weekly declines since A

Long-run expectations for euro zone inflation have ebbed to their weakest in around three years as the growth outlook remains tepid, according to a Reuters poll of economists on Wednesday. The vast majority of more than 60 economists surveyed this week, h

The Food Network said on Friday it would drop celebrity chef Paula Deen after the Southern food doyenne was sued for racial discrimination and admitted in a legal deposition to using a racial slur in the past. The impending loss of Deen's broadcast deal r

A windfall payment of tax by Swiss banks caused Britain's public finances to post a smaller-than-expected deficit in May, and underlying figures suggested the government was on track to meet its budget target this year. Deficit reduction is the central ec

Asia's mobile revolution is set to transform the region's financial services industry, offering a cheap way for millions of migrant workers to send money home to their families, a report said on Monday. Nearly 60 million migrant workers from the Asia-Paci

Italy should repeal parts of the labour reform adopted last year by former prime minister Mario Monti and make it easier to hire young workers on temporary contracts, the OECD's chief economist told Reuters in an interview on Friday. Prime Minister Enrico

Ethiopia should ensure private industry and business has sufficient access to finance in the state-dominated economy to keep growth rates up and shift from a heavy reliance on agriculture, the World Bank said. The Horn of Africa nation with its strongly s

Central banks in Kenya and Nigeria are expected to pump dollars into their financial markets to cushion their currencies as investors worldwide dump risky assets after the US heralded an end to its bond-buying programme. The Nigerian naira is seen stable

Sri Lanka's rupee hit a more than six-month low in early trade on Friday on dollar demand for equity-related transactions, but late exporter selling of the greenback helped the currency to hold ground, dealers said. The rupee hit 129.00/10 per dollar, its

The Canadian dollar dropped more than a cent on Friday to hit its weakest level against the greenback since December 2011 after Canadian inflation data for May came in below expectations. A jump in natural gas prices nudged Canada's annual inflation rate

The US dollar remained on track Friday for its biggest weekly advance against major currencies since July 2012, extending gains after the Federal Reserve laid out its plans on Wednesday to begin scaling back its economic stimulus efforts. The euro fell to

Euribor bank-to-bank lending rates rose on Friday after the US central bank earlier in the week signalled an end to easy money and markets remain unconvinced that the European Central Bank will provide more support to the euro zone economy. Federal Reserv

Currency speculators slashed their bets in favour of the US dollar to the lowest since late February, according to weekly data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $14.55 bil

Latin American currencies strengthened on Friday, after at least two days of heavy losses that followed signals the US Federal Reserve is preparing to shut down its stimulus program. The Fed's bond-buying program has provided a steady source of dollars se

Central European currencies mostly steadied on Friday after a big sell-off sparked by global fears of an end to cheap money but Hungary's forint remained under pressure, hovering near the level of 300 per euro. In Prague, the stock market fell 1.9 percent

Andy Murray believes the seeds for his historic Olympic and US Open triumphs were sown by his tearful defeat to Roger Federer in last year's Wimbledon final. Murray was bidding to become Britain's first men's champion at the All England Club since Fred Pe

Elena Vesnina mastered testing, windy conditions on Saturday to win the second WTA title of her career with a 6-2, 6-1 defeat of Jamie Hampton at the ATP-WTA Eastbourne International. Vesnina will move up to 22nd in the world as a result of her success, w

Novak Djokovic believes he is at the peak of his powers as he targets a second Wimbledon title with his confidence buoyed by avoiding Roger Federer, Andy Murray and Rafael Nadal in the draw. The world number one and top seed captured the All England Club

Frenchman Nicolas Mahut won his first ATP title on Saturday taking the s'Hertogenbosch event with a 6-3, 6-4 victory over favourite Stanislas Wawrinka of Switzerland. The 31-year-old, whose ranking has slipped to 240th in the world after a knee injury, wa

Full-back Muhammad Imran has been retained to lead an 18-member Pakistan squad in World Hockey League Tournament being held in Johar Bahru (Malaysia) from June 28 to July 7. Team was named here on Saturday by Manager-cum-chief coach Akhtar Rasool at the c

Maria Sharapova blasted Serena Williams on Saturday for the American's controversial comments over a high-profile rape case and even criticised the Wimbledon champion's colourful private life. In an astonishing attack on the world number one, which comes

Barcelona star Lionel Messi's lawyers said Friday they "firmly believe" the Argentine player, who is accused of avoiding paying tax on income generated from the sale of his image rights, is innocent. The 25-year-old four-time World Player of the Year and

Former skipper Aamer Sohail has called for complete overhauling in Pakistan Cricket Board (PCB) set-up for the betterment of the support. Pakistan cricket would struggle like hockey and squash, he said while giving his comments on a private TV channel on

Tyson Gay overcame Olympic bronze medallist Justin Gatlin's quicker start and sped to the year's fastest 100 metres, clocking 9.75 seconds at the US trials for the world championships on Friday. Fully fit for the first time in years, Gay took control mid-

India captain Mahendra Singh Dhoni hopes the keen tussle between his young team and hosts England will produce an exciting Champions Trophy final on Sunday. "England are a very good side and they know the conditions well. We have also played well in a tou

England captain Alastair Cook insisted his side were "ready" to make history by beating world champions India in Sunday's Champions Trophy final at Edgbaston. The final, worth $2 million to the winners and $1 million to the runners-up, will be contested b

Lufthansa said that a project to merge some of its European and German domestic routes under a new low-cost brand has started successfully, as the airline grapples with losses at its European short-haul flights. "The transition is going well," a Lufthansa

A consortium led by Japanese trading house Itochu Corp is likely to agree as early as Saturday to build an LNG plant in Russia with Gazprom , the Nikkei newspaper reported, to meet Japan's growing energy needs. The Japanese group and Russia's top energy p

Britain's opposition Labour Party would not borrow more money to reverse spending cuts by Prime Minister David Cameron's coalition government should it win the next election due in 2015, its leader Ed Miliband said on Saturday. Although polls show Labour

Freeport McMoRan Copper and Gold Inc has restarted some operations at the world's second biggest copper mine after receiving approval from the Indonesian government, a senior company official told Reuters on Saturday. The Arizona-based company has slowly

TMT Group, a large global shipping company, has filed for bankruptcy protection, saying it was unable to restructure its debt after industry conditions deteriorated. Twenty-three entities collectively known as TMT, whose 17 vessels transport cargo from oi

Greece's recent government crisis and failure to meet privatisation targets will not derail an international bailout, Prime Minister Antonis Samaras said on Saturday. Samaras's government saw its parliamentary majority sharply reduced on Friday after the

The US Congress is headed for a second stop-gap extension of current farm law if Republican leaders in the House of Representatives cannot get new legislation back on track after a stunning defeat. Farm lobbyists and analysts on Friday said a short-term e

Japan's Mitsubishi UFJ Financial Group (MUFG) is in advanced talks to acquire a majority stake in Bank of Ayudhya Pcl, Thailand's fifth-largest lender, in a deal worth over $4 billion, sources familiar with the matter said on Saturday, marking a major tur

President Bashar al-Assad ordered pay rises for Syrian soldiers and government employees on Saturday to address steep increases in the cost of living caused by the two-year uprising against his rule. State media said the pay hikes would raise monthly wage

The central banks of Britain and China have agreed to establish a three-year sterling/renminbi currency swap line, the Bank of England said in a statement on Saturday. The swap line, which has a maximum value of 200 billion yuan ($32.6 billion), is aimed

Kuwait Projects Co (KIPCO), the country's largest investment company by assets, said on Saturday it had hired financial group Rothschild to advise on an initial public offering of its pay-TV company OSN. KIPCO, a major regional investment house with stake

Kuwait Projects Co (KIPCO), the country's largest investment company by assets, said on Saturday it had hired financial group Rothschild to advise on an initial public offering of its pay-TV company OSN. KIPCO, a major regional investment house with stake

German tax authorities are investigating Barclays over the use of legal loopholes which cut the British lender's tax bill by billions of euros, a German newspaper reported on Saturday. Daily Sueddeutsche Zeitung said German authorities obtained internal b

German tax authorities are investigating Barclays over the use of legal loopholes which cut the British lender's tax bill by billions of euros, a German newspaper reported on Saturday. Daily Sueddeutsche Zeitung said German authorities obtained internal b

The European Union's Socialists agreed to push for more incentives to battle youth unemployment across Europe and revitalise the bloc's industry during a party council in Sofia on Saturday. "Our job is to create jobs for the people and especially for the

US President Barack Obama Saturday touted the potential economic benefits of a major immigration overhaul currently under debate in Congress as he sought support for the landmark bill. The reforms under debate would provide a pathway to citizenship for th

In deciding how to exhibit the space shuttle Atlantis, which goes on display next week, the Kennedy Space Center Visitor Complex in Florida opted for a perspective that would allow the public a rare view. "One of the ideas that developed very early was to

Britain's spy agency GCHQ has tapped fibre-optic cables that carry international phone and internet traffic and is sharing vast quantities of personal information with the US National Security Agency, the Guardian newspaper said on Friday. The paper, whic

A man armed with a shotgun and a bag of ammunition opened fire outside a law firm and a Walmart store in Greenville, North Carolina, on Friday, shooting four people before police shot him, the city's police chief said. The suspect and the victims underwen

One woman is dead and more than 200,000 homes and businesses are without power in the upper Midwest on Saturday after severe thunderstorms struck parts of the Dakotas, Minnesota, and Wisconsin with damaging winds, lightning and baseball-sized hail.

After an absence of 10 years, the Miss Algeria beauty contest was held Friday in the western city of Oran, with 19-year-old science student Rym Amari taking the pageant honours. The competition was suspended in 2003 after the death of Cheradi Hamdad, who

Turkish police used water cannon on Saturday to disperse thousands of demonstrators who had gathered anew in Istanbul's Taksim Square, calling for the resignation of Prime Minister Recep Tayyip Erdogan. Hundreds of riot police backed up by water cannon tr

Hamas leaders said they had hanged two Palestinians found guilty of spying for Israel over a decade, making them the first to be executed since the end of a month-long amnesty for informants in April. Sixteen Palestinians have been executed in Gaza for sp

Eight European hostages, including five from France, being held by al Qaeda in the Islamic Maghreb (AQIM) are safe, the Islamist group said in a statement posted on its Twitter account on Saturday. The statement coincided with rallies across France organi

About 20,000 Malaysian opposition supporters gathered in the capital Saturday demanding the resignation of the country's Election Commission in the wake of contentious polls. The opposition claims bias by the commission cost them a historic win against Ma

Air quality in Singapore improved significantly to "moderate" pollution levels on Saturday, as Indonesian planes waterbombed raging forest fires and investigators scrambled to determine the cause of one of Southeast Asia's worst air pollution crises.

Authorities forcibly evicted a prominent Russian human rights organisation from its office in the early hours of Saturday in a raid its director said he believed was ordered by officials in President Vladimir Putin's administration. For Human Rights is on

Indonesia's trade ministry will propose indefinitely extending a temporary 20 percent emergency tariff on wheat flour imports, an official said on Tuesday, as Asia's top importer of the grain looks to protect its expanding wheat mill industry against subs

The South African government is expected next week to further cut the country's maize output forecast for 2013 as a drought earlier this year hurt crop growth, a Reuters survey showed on Thursday. In its fourth output forecast last month, the government's

Central America and Mexico 2013/14 coffee output is expected to plunge as a severe outbreak of roya, or leaf rust, cuts production, an executive at the International Coffee Organisation (ICO) told Reuters on Wednesday. Ricardo Villanueva, president of the

Cotton prices in India are expected to fall this week as traders may book profit after recent gains and on the good progress of the monsoon, though dwindling supplies are seen restricting the downside. Rains have covered the entire country a month ahead o

Wheat buyers in Asia are looking to replace Indian and Australian cargoes in the lower-end feed grain market with cheaper supplies from the Black Sea, which will be returning to the region after a three-year gap. But quality-sensitive consumers in Asia ar

Gold rose 1.3 percent on Friday, rebounding from nearly a three-year low earlier, but for the week it still dropped the most in nearly two years after the US Federal Reserve's most explicit indication to end its stimulus sparked a global market rout.

Cocoa on ICE Futures US fell below two Fibonacci retracement support lines in its last two trading days, and though buyers appeared at Monday's lows, a rupture of next support levels would lead bean prices back to early April levels, or lower. New York co

Trading Corporation of Bangladesh has received the lowest offer of $543.50 a tonne, including cost and freight, from Singapore's AgroCorp International in a sugar purchase tender, an official at the state buyer said on Monday. The tender to buy 12,500 ton

ICE Futures US said on Wednesday a fire at an inland storage facility in Brazil that services the port of Paranagua may disrupt shipments of raw sugar from the world's No 1 producer ahead of the expiry of the July contract on June 28. The extent of damage

ICE cotton fell for a fifth straight session in actively traded months on Friday and notched its biggest weekly loss in a year as speculative investors continued to exit their bullish bets as concerns waned about tight supplies. The benchmark December cot

Global commodity prices dived last week, in line with world stock markets, on concerns over the US Federal Reserve ending its multi-billion dollar economic stimulus measures, as well as owing to poor Chinese manufacturing data, analysts said. "The Fed has

The United Nations' Public Service Day will be celebrated on June 23 to celebrate the value and virtue of service to the community. The day recognises that democracy and successful governance are built on the foundation of a competent civil service. The U

Members of civil society organisation at a seminar have highlighted the bottlenecks in the mechanism for resolution of election related disputes, and stressed the need of amendments in the existing mechanisms for making more effective the elections disput

Islamabad Traffic Police on Saturday launched seven days traffic management campaign aiming to impart traffic rules among the road users to ensure save journey. Inspector General of Police Islamabad Police Baniyamin Khan inaugurated the campaign. Talking

Public transporters continued their strike in the twin cities of Rawalpindi/Islamabad for the third consecutive day on Saturday against ban on installing more than one CNG cylinder in their vehicles, which added to the woes of commuters.

Apropos an article published in Business Recorder on 18th June 2013 wherein the writer has made the following remarks: "Attorneys general appointed by the Executive one after another obstructed the Supreme Court at every stage instead of assisting

Dr Fouzia Siddiqui, sister of Dr Aafia Siddiqui, called on Federal Minister for Interior, Chaudhry Nisar Ali Khan on Saturday. During the meeting, Dr Fouzia Siddiqui presented various facts relating to incarceration of Dr Aafia Siddiqui in the United Stat

Pakistan Muslim League-Nawaz (PML-N) leader, Khawaja Ahmad Hasan has said that metro bus projects would be started in Rawalpindi, Faisalabad and Multan during current financial year for providing affordable and modern transport facilities to the people.

Lutfullah Khan, Chairman and CEO AutoSoft Dynamics, said on Saturday that the State Bank of Pakistan (SBP) has played a very effective and prominent role in pursuing banks to offer new technology and ensure electronic services to customers. With time the

Economist Dr Akmal Hussain has suggested that the government should float bonds worth dollar five billion on the international market to tackle the problem of circular debt which is root cause of power crisis in the country. While addressing the post-budg

Economist Dr Akmal Hussain has suggested that the government should float bonds worth dollar five billion on the international market to tackle the problem of circular debt which is root cause of power crisis in the country. While addressing the post-budg

The Lahore High Court (LHC) here Saturday directed District and Sessions Judge Faisalabad to look into the matter of murder of a man who was allegedly torture by policeman and submit a report within a week. The LHC took notice on a news item published in

Retailers will have to adopt best international practices to win the confidence of the consumers and give boost to their businesses. The LCCI Vice President Mian Abuzar Shad stated this while presiding over the inaugural session of Five-day training progr

The Multan Chamber of Commerce and Industry (MCCI) on Saturday hailed State Bank of Pakistan's (SBP) decision to cut interest rate by 0.5 per cent and said that it will help stimulate private sector growth. MCCI acting President Bakhtawar Tanvir Sheikh sa

General discussion on annual budget for the year 2013-14 continued in the Punjab Assembly on Saturday and the treasury members hardly made any constructive arguments by just praising the government for giving a 'balance budget.' On the contrary, the Oppos