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Jun 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-06-29
Revamp, rehab of power plant: PSM to seek Japanese funding

Revamp, rehab of power plant: PSM to seek Japanese funding

Pakistan Steel Mills (PSM) is to seek Japanese funding through Economic Affairs Division (EAD) for revamp and rehab of its power generation plant, official sources told Business Recorder. Pakistan Steel - a financially empty national asset - operat
Published 29 Jun, 2014 12:00am
Revamp, rehab of power plant: PSM to seek Japanese funding

Revamp, rehab of power plant: PSM to seek Japanese funding

Pakistan Steel Mills (PSM) is to seek Japanese funding through Economic Affairs Division (EAD) for revamp and rehab of its power generation plant, official sources told Business Recorder. Pakistan Steel - a financially empty national asset - operat
Published 29 Jun, 2014 12:00am
China 'won't seek hegemony' says Xi

China 'won't seek hegemony' says Xi

President Xi Jinping said on Saturday that China is incapable of "hegemony or militarism", after calling for stronger border defences to avoid a repeat of past humiliations by foreign powers. "Hegemony or militarism is not in the genes of the Chinese," Xi
Published 29 Jun, 2014 12:00am
China 'won't seek hegemony' says Xi

China 'won't seek hegemony' says Xi

President Xi Jinping said on Saturday that China is incapable of "hegemony or militarism", after calling for stronger border defences to avoid a repeat of past humiliations by foreign powers. "Hegemony or militarism is not in the genes of the Chinese," Xi
Published 29 Jun, 2014 12:00am
Growing intolerance major threat to democracy: CJP

Growing intolerance major threat to democracy: CJP

Chief Justice Pakistan (CJP) Tassaduq Hussain Jillani said here on Saturday that the country has been surrounded by non-state elements and democracy is under threat which could only be saved by dispensation of justice. He expressed these views while addre
Published 29 Jun, 2014 12:00am
Growing intolerance major threat to democracy: CJP

Growing intolerance major threat to democracy: CJP

Chief Justice Pakistan (CJP) Tassaduq Hussain Jillani said here on Saturday that the country has been surrounded by non-state elements and democracy is under threat which could only be saved by dispensation of justice. He expressed these views while addre
Published 29 Jun, 2014 12:00am
ST recovery notices: Ghee industry seeks FBR chief''''s intervention

ST recovery notices: Ghee industry seeks FBR chief''''s intervention

The ghee and cooking oil industry is seeking direct intervention of Tariq Bajwa, Chairman Federal Board of Revenue (FBR) to withdraw notices issued by the Directorate of Intelligence (IR) Karachi for recovery of sales tax on local purchases made by the ma
Published 29 Jun, 2014 12:00am
ST recovery notices: Ghee industry seeks FBR chief''s intervention

ST recovery notices: Ghee industry seeks FBR chief''s intervention

The ghee and cooking oil industry is seeking direct intervention of Tariq Bajwa, Chairman Federal Board of Revenue (FBR) to withdraw notices issued by the Directorate of Intelligence (IR) Karachi for recovery of sales tax on local purchases made by the ma
Published 29 Jun, 2014 12:00am
ST recovery notices: Ghee industry seeks FBR chief's intervention

ST recovery notices: Ghee industry seeks FBR chief's intervention

The ghee and cooking oil industry is seeking direct intervention of Tariq Bajwa, Chairman Federal Board of Revenue (FBR) to withdraw notices issued by the Directorate of Intelligence (IR) Karachi for recovery of sales tax on local purchases made by the ma
Published 29 Jun, 2014 12:00am
ST recovery notices: Ghee industry seeks FBR chief's intervention

ST recovery notices: Ghee industry seeks FBR chief's intervention

The ghee and cooking oil industry is seeking direct intervention of Tariq Bajwa, Chairman Federal Board of Revenue (FBR) to withdraw notices issued by the Directorate of Intelligence (IR) Karachi for recovery of sales tax on local purchases made by the ma
Published 29 Jun, 2014 12:00am
Four new polio cases emerge in one day

Four new polio cases emerge in one day

Four new polio cases have emerged in Pakistan on Saturday, bringing total number of countrywide affected children to 88, this year. According to the National Health Department, each polio case has been confirmed in Peshawar, Mardan, Bannu and Miranshah. E
Published 29 Jun, 2014 12:00am
Four new polio cases emerge in one day

Four new polio cases emerge in one day

Four new polio cases have emerged in Pakistan on Saturday, bringing total number of countrywide affected children to 88, this year. According to the National Health Department, each polio case has been confirmed in Peshawar, Mardan, Bannu and Miranshah. E
Published 29 Jun, 2014 12:00am
Couple murdered by family over marriage in Daska

Couple murdered by family over marriage in Daska

A teenager and her husband were murdered in Daska by a group of relatives for marrying against their wishes, police said Saturday. Maafia Bibi, 17, and her 31-year-old husband Muhammad Sajjad were attacked with a knife by Bibi's father, her two uncles, gr
Published 29 Jun, 2014 12:00am
Government fails to address Imran's demands: PTI

Government fails to address Imran's demands: PTI

Central Information Secretary PTI, Shireen Mazari, on Saturday said the Information Minister Pervaiz Rasheed had no answers to the PTI's four questions so he chose to try and evade the core issues. On question 1, he said he had asked Nawaz Sharif to make
Published 29 Jun, 2014 12:00am
Only one person can see off, receive passengers at airports

Only one person can see off, receive passengers at airports

Keeping in view the present security situation at the PCAA Airports, Pakistan Civil Aviation Authority has decided not to allow more than one (01) person for the purpose of seeing off passengers with effect from 6th July, 2014. Similarly, only one person
Published 29 Jun, 2014 12:00am
MQM to rally to support Army operation

MQM to rally to support Army operation

Muttahida Qaumi Movement (MQM) will hold a "solidarity rally" in support of the armed forces of Pakistan. In a statement issued here on Saturday, MQM's Deputy Convenor Dr Khalid Maqbool said that the armed forces were fighting against terrorists for the s
Published 29 Jun, 2014 12:00am
Clashes near Tikrit as Iraqi troops strike back

Clashes near Tikrit as Iraqi troops strike back

Iraqi forces pressed a campaign Saturday to retake militant-held Tikrit, clashing with Sunni fighters nearby and pounding positions inside the city with air strikes in their biggest counter-offensive so far. A senior officer said security forces were co-o
Published 29 Jun, 2014 12:00am
Clashes near Tikrit as Iraqi troops strike back

Clashes near Tikrit as Iraqi troops strike back

Iraqi forces pressed a campaign Saturday to retake militant-held Tikrit, clashing with Sunni fighters nearby and pounding positions inside the city with air strikes in their biggest counter-offensive so far. A senior officer said security forces were co-o
Published 29 Jun, 2014 12:00am
Saudi king sacks deputy defence minister

Saudi king sacks deputy defence minister

Saudi Arabia's King Abdullah sacked the deputy defence minister on Saturday less than two months after he was appointed, the state news agency reported. The royal decree said the decision to relieve Prince Khaled bin Bandar bin Abdul-Aziz of his post came
Published 29 Jun, 2014 12:00am
Saudi king sacks deputy defence minister

Saudi king sacks deputy defence minister

Saudi Arabia's King Abdullah sacked the deputy defence minister on Saturday less than two months after he was appointed, the state news agency reported. The royal decree said the decision to relieve Prince Khaled bin Bandar bin Abdul-Aziz of his post came
Published 29 Jun, 2014 12:00am
Ukraine seeks concrete steps from Russia on truce

Ukraine seeks concrete steps from Russia on truce

Ukraine on Saturday sought concrete steps from Russia to back up a tenuous truce it extended with pro-Moscow rebels in the hope of calming a deadly insurgency sparked by the country's new westward course. President Petro Poroshenko returned triumphant fro
Published 29 Jun, 2014 12:00am
Ukraine seeks concrete steps from Russia on truce

Ukraine seeks concrete steps from Russia on truce

Ukraine on Saturday sought concrete steps from Russia to back up a tenuous truce it extended with pro-Moscow rebels in the hope of calming a deadly insurgency sparked by the country's new westward course. President Petro Poroshenko returned triumphant fro
Published 29 Jun, 2014 12:00am
Sarajevo marks 100 years since shots that sparked Great War

Sarajevo marks 100 years since shots that sparked Great War

Bosnia marked 100 years since the assassination of Austrian Archduke Franz Ferdinand in Sarajevo that sparked World War I, but the divisive legacy of the gunman Gavrilo Princip meant Serbs were shunning the event. It was on a Sarajevo street corner on Jun
Published 29 Jun, 2014 12:00am
Sarajevo marks 100 years since shots that sparked Great War

Sarajevo marks 100 years since shots that sparked Great War

Bosnia marked 100 years since the assassination of Austrian Archduke Franz Ferdinand in Sarajevo that sparked World War I, but the divisive legacy of the gunman Gavrilo Princip meant Serbs were shunning the event. It was on a Sarajevo street corner on Jun
Published 29 Jun, 2014 12:00am
US supports efforts against terrorism: State Department

US supports efforts against terrorism: State Department

The United States has extended full co-operation to Pakistan against war on terrorism and military operation in North Waziristan including other sectors. The State Department spokeswoman Marie Harf during a daily press briefing said that North Waziristan
Published 29 Jun, 2014 12:00am
US supports efforts against terrorism: State Department

US supports efforts against terrorism: State Department

The United States has extended full co-operation to Pakistan against war on terrorism and military operation in North Waziristan including other sectors. The State Department spokeswoman Marie Harf during a daily press briefing said that North Waziristan
Published 29 Jun, 2014 12:00am
18 killed in military offensive

18 killed in military offensive

To make sure that there are no innocent civilians still left in North Waziristan Agency, announcements are being made for any stranded tribals who may have stayed back for any reason, to leave also. There are reports that after the surrender of 19 terrori
Published 29 Jun, 2014 12:00am
18 killed in military offensive

18 killed in military offensive

To make sure that there are no innocent civilians still left in North Waziristan Agency, announcements are being made for any stranded tribals who may have stayed back for any reason, to leave also. There are reports that after the surrender of 19 terrori
Published 29 Jun, 2014 12:00am
KP APC rejects Rs 20,000 relief for IDPs

KP APC rejects Rs 20,000 relief for IDPs

An All-Party Conference (APC) Khyber Pakhtunkhawa Saturday rejected the payment of a relief of Rs 20,000 per month to each affected family of the North Waziristan operation and asked the government to raise it to Rs 50,000. The demand was made through a j
Published 29 Jun, 2014 12:00am
KP APC rejects Rs 20,000 relief for IDPs

KP APC rejects Rs 20,000 relief for IDPs

An All-Party Conference (APC) Khyber Pakhtunkhawa Saturday rejected the payment of a relief of Rs 20,000 per month to each affected family of the North Waziristan operation and asked the government to raise it to Rs 50,000. The demand was made through a j
Published 29 Jun, 2014 12:00am
CoAS visits Siachen Glacier

CoAS visits Siachen Glacier

Chief of Army Staff (CoAS) General Raheel Sharif on Saturday visited the Siachen Glacier and met with troops deployed on the highest battle ground of the world. Inter Service Public Relations (ISPR) said that a General Raheel Sharif during his visit laid
Published 29 Jun, 2014 12:00am
CoAS visits Siachen Glacier

CoAS visits Siachen Glacier

Chief of Army Staff (CoAS) General Raheel Sharif on Saturday visited the Siachen Glacier and met with troops deployed on the highest battle ground of the world. Inter Service Public Relations (ISPR) said that a General Raheel Sharif during his visit laid
Published 29 Jun, 2014 12:00am
$26 billion export eyed: MoTI finalises new Textile Policy draft

$26 billion export eyed: MoTI finalises new Textile Policy draft

The Ministry of Textile Industry has finalised the draft of the proposed Textile Policy (2014-19), with an export target of $26 billion for the next five years, it is learnt. Official sources revealed to Business Recorder that the draft of the text
Published 29 Jun, 2014 12:00am
$26 billion export eyed: MoTI finalises new Textile Policy draft

$26 billion export eyed: MoTI finalises new Textile Policy draft

The Ministry of Textile Industry has finalised the draft of the proposed Textile Policy (2014-19), with an export target of $26 billion for the next five years, it is learnt. Official sources revealed to Business Recorder that the draft of the text
Published 29 Jun, 2014 12:00am
$26 billion export eyed: MoTI finalises new Textile Policy draft

$26 billion export eyed: MoTI finalises new Textile Policy draft

The Ministry of Textile Industry has finalised the draft of the proposed Textile Policy (2014-19), with an export target of $26 billion for the next five years, it is learnt. Official sources revealed to Business Recorder that the draft of the text
Published 29 Jun, 2014 12:00am
Strong message to international investors: Dar

Strong message to international investors: Dar

Finance Minister Senator Ishaq Dar has said this is the first time in history of Pakistan that offers on premium have been received on the sale of government shares in any entity. Ishaq Dar, who is currently visiting Jeddah in connection with IDB Board of
Published 29 Jun, 2014 12:00am
Strong message to international investors: Dar

Strong message to international investors: Dar

Finance Minister Senator Ishaq Dar has said this is the first time in history of Pakistan that offers on premium have been received on the sale of government shares in any entity. Ishaq Dar, who is currently visiting Jeddah in connection with IDB Board of
Published 29 Jun, 2014 12:00am
Strong message to international investors: Dar

Strong message to international investors: Dar

Finance Minister Senator Ishaq Dar has said this is the first time in history of Pakistan that offers on premium have been received on the sale of government shares in any entity. Ishaq Dar, who is currently visiting Jeddah in connection with IDB Board of
Published 29 Jun, 2014 12:00am
PPL divestment: Rs 219 strike price approved by CCoP

PPL divestment: Rs 219 strike price approved by CCoP

The Cabinet Committee on Privatisation (CCoP) Saturday approved strike price of Rs 219 per share to offer 70 million government shares or five percent of its holding in Pakistan Petroleum Limited (PPL) to successful bidders. An official said the governmen
Published 29 Jun, 2014 12:00am
PPL divestment: Rs 219 strike price approved by CCoP

PPL divestment: Rs 219 strike price approved by CCoP

The Cabinet Committee on Privatisation (CCoP) Saturday approved strike price of Rs 219 per share to offer 70 million government shares or five percent of its holding in Pakistan Petroleum Limited (PPL) to successful bidders. An official said the governmen
Published 29 Jun, 2014 12:00am
PPL divestment: Rs 219 strike price approved by CCoP

PPL divestment: Rs 219 strike price approved by CCoP

The Cabinet Committee on Privatisation (CCoP) Saturday approved strike price of Rs 219 per share to offer 70 million government shares or five percent of its holding in Pakistan Petroleum Limited (PPL) to successful bidders. An official said the governmen
Published 29 Jun, 2014 12:00am
BNP Paribas chief concedes bank faces ''severe'' punishment

BNP Paribas chief concedes bank faces ''severe'' punishment

The head of BNP Paribas has conceded the bank will be "punished severely" ahead of what is expected to be a multi-billion dollar fine for breaching US economic sanctions. "I want to be clear: we will be punished severely because malfunctions have occurred
Published 29 Jun, 2014 12:00am
BNP Paribas chief concedes bank faces 'severe' punishment

BNP Paribas chief concedes bank faces 'severe' punishment

The head of BNP Paribas has conceded the bank will be "punished severely" ahead of what is expected to be a multi-billion dollar fine for breaching US economic sanctions. "I want to be clear: we will be punished severely because malfunctions have occurred
Published 29 Jun, 2014 12:00am
BNP Paribas chief concedes bank faces 'severe' punishment

BNP Paribas chief concedes bank faces 'severe' punishment

The head of BNP Paribas has conceded the bank will be "punished severely" ahead of what is expected to be a multi-billion dollar fine for breaching US economic sanctions. "I want to be clear: we will be punished severely because malfunctions have occurred
Published 29 Jun, 2014 12:00am
Ramazan starts tomorrow

Ramazan starts tomorrow

Ramazan moon was not sighted through out Pakistan on Saturday evening, hence the first of Ramazan will be on Monday. This was announced by Chairman Central Ruet-e-Hilal Committee Mufti Munib-ur-Rehman at a press conference after the conclusion of the meet
Published 29 Jun, 2014 12:00am
Ramazan starts tomorrow

Ramazan starts tomorrow

Ramazan moon was not sighted through out Pakistan on Saturday evening, hence the first of Ramazan will be on Monday. This was announced by Chairman Central Ruet-e-Hilal Committee Mufti Munib-ur-Rehman at a press conference after the conclusion of the meet
Published 29 Jun, 2014 12:00am
The Weather

The Weather

The weather report on Saturday (June 28, 2014) and the forecast for Sunday (June 29, 2014).

Published 29 Jun, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (June 28, 2014) and for Sunday (June 29, 2014).
Published 29 Jun, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
THE RUPEE: rates fall

THE RUPEE: rates fall

The rupee drifted slightly lower against the dollar and euro on the currency market on Saturday, dealers said. The rupee shed five-paisa in relation to the dollar for buying and selling at Rs 99.15 and Rs 99.35, they said. The rupee followed the same patt
Published 29 Jun, 2014 12:00am
THE RUPEE: rates fall

THE RUPEE: rates fall

The rupee drifted slightly lower against the dollar and euro on the currency market on Saturday, dealers said. The rupee shed five-paisa in relation to the dollar for buying and selling at Rs 99.15 and Rs 99.35, they said. The rupee followed the same patt
Published 29 Jun, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (June 28, 2014).

Published 29 Jun, 2014 12:00am
Soyabean export premiums steady at US Gulf Coast

Soyabean export premiums steady at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were steady on Thursday, underpinned by tight near-term stocks, but anchored by a sharp jump in futures prices, which limited fresh demand. The US Department of Agriculture reported old-crop US soyabean export
Published 29 Jun, 2014 12:00am
Philippines to import extra 200,000 tonnes of rice from Vietnam

Philippines to import extra 200,000 tonnes of rice from Vietnam

The Philippines will import an additional 200,000 tonnes of rice from Vietnam this year to boost local supply and stabilise retail prices that have risen to record levels, fanning inflation pressures, a senior agriculture official said. Francis Pangilinan
Published 29 Jun, 2014 12:00am
European coal prices fall on warm weather

European coal prices fall on warm weather

European physical coal prices continued to decline on Thursday as warm weather resulted in weak summer demand and as falling gas prices weighed on prices. Cargoes for delivery in July to Amsterdam, Rotterdam and Antwerp (ARA) fell by $1.45 to $70.75 a ton
Published 29 Jun, 2014 12:00am
Oil cake market rates

Oil cake market rates

The July delivery was down while the December contract was unchanged on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The July contract closed at Rs 1849.30 and it opened with 30 paisa fall at Rs 1849.00 in th
Published 29 Jun, 2014 12:00am
Lean business on cotton market

Lean business on cotton market

Slow business was again witnessed on the wholesale grain market on Saturday as buyers still on sidelines in the absence of motivating factors, dealers said. The official spot rate slid further by Rs 50 to Rs 6,600, they added. While, the prices of seed co
Published 29 Jun, 2014 12:00am
Soyameal mixed on European feeds market

Soyameal mixed on European feeds market

Soyameal on the European meals and feeds market was offered in a tight range as players were seeking fresh clues on direction. "A lack of fresh market moving news caused prices on the European cash market to go either side from unchanged and that did not
Published 29 Jun, 2014 12:00am
Indian tea prices jump

Indian tea prices jump

Average tea prices in India, the world's second-biggest producer, extended gains at this week's auction on robust demand amid concerns over supplies from top producer Assam state. The CTC (crush-tear-curl) grade leaf was sold at 179.93 rupees per kg, up 5
Published 29 Jun, 2014 12:00am
Asia's naphtha crack slips 1.3 percent

Asia's naphtha crack slips 1.3 percent

Asia's naphtha crack slipped 1.3 percent from a near two-week high to $132.93 a tonne as most South Korean buyers may have completed their first-half August purchases. Others, such as Taiwan's Formosa, continued to replace a small portion of naphtha with
Published 29 Jun, 2014 12:00am
Modest trade on grain market

Modest trade on grain market

Pre-Ramazan session observed modest trading on the wholesale market on Saturday, dealers said. On the cereals side, Moong Punjab drifted lower by Rs 2500 and Moong Peshawar followed same pattern, losing 500 to Rs 12000, Guwar Sindh and Punjab low types we
Published 29 Jun, 2014 12:00am
US natural gas futures fall three percent

US natural gas futures fall three percent

US natural gas futures fell 3 percent on Thursday after the government reported a seventh super-sized addition to storage, pressuring the front-month contract to the lowest expiration price since the December contract expired in late November. Utilities a
Published 29 Jun, 2014 12:00am
HRW wheat bids steady

HRW wheat bids steady

Spot cash basis bids for hard red winter wheat were steady on Thursday, dealers said. Rains have slowed harvest in top US winter wheat producer Kansas. Thanks to the recent rains, drought conditions are easing in the key growing states of Kansas, Oklahoma
Published 29 Jun, 2014 12:00am
Russia's key wheat export region records lower yields

Russia's key wheat export region records lower yields

Russia's largest Black Sea farm region of Krasnodar is starting wheat harvesting after a delay due to rains and with lower yields than last year, the regional agriculture ministry said on Friday. Russia, one of the world's main wheat exporters, is set to
Published 29 Jun, 2014 12:00am
Palm oil eases on European vegoils market

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased late on Thursday following weaker mineral oil prices in otherwise lacklustre trade. "Easing mineral oil levels mean less demand for vegetable oils from biodiesel producers and that leads to a weaker mar
Published 29 Jun, 2014 12:00am
Low water hampers Rhine and Danube river shipping

Low water hampers Rhine and Danube river shipping

Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine and Danube rivers in Germany and adding surcharges to the usual freight costs, traders said on Thursday. Low water is hampering shipping on the R
Published 29 Jun, 2014 12:00am
CBOT wheat futures end mixed

CBOT wheat futures end mixed

Wheat futures on the Chicago Board of Trade closed mixed on Thursday, with nearby contracts gaining against back months on spreads amid firming cash markets, traders said. Cash values for soft red wheat have risen sharply at the US Gulf this week after ra
Published 29 Jun, 2014 12:00am
EU wheat bounces off four-month low ahead of USDA report

EU wheat bounces off four-month low ahead of USDA report

Western European wheat markets rose on Thursday to come off a four-month low, lifted by renewed buying interest and support levels on price charts. November milling wheat on Paris-based Euronext settled 1.25 euros or 0.7 percent up at 186.75 euros a tonne
Published 29 Jun, 2014 12:00am
India soyaoil, sugar futures lower

India soyaoil, sugar futures lower

Indian soyaoil futures were lower on Thursday due to bearish cues from Malaysian palm oil futures, though soyabean futures ended higher on concerns over delayed monsoon. Oilseed futures are expected to trade steady-to-weak on Friday as subdued export dema
Published 29 Jun, 2014 12:00am
Chinese iron ore futures climb nearly 4 percent

Chinese iron ore futures climb nearly 4 percent

Chinese iron ore futures climbed nearly 4 percent on Thursday in the biggest gain since their launch in October and steel prices touched one-month peaks as economic optimism brightened prospects for the two commodities. Spot iron ore prices also pulled fu
Published 29 Jun, 2014 12:00am
Hungarian central bank sees cost of FX loan bill surging

Hungarian central bank sees cost of FX loan bill surging

Legislation to reduce customers' charges on foreign currency mortgages in Hungary could costs commercial banks more than expected, the central bank was quoted on Saturday as saying. The government submitted a bill to parliament on Friday that said banks w
Published 29 Jun, 2014 12:00am
Local judge files corruption charges against Argentina VP

Local judge files corruption charges against Argentina VP

An Argentine judge filed corruption charges Friday against Vice President Amado Boudou over his alleged role while he was finance minister in buying a company that printed local currency. The bushy-hair Boudou, 51, known for his love of motorcycles and ro
Published 29 Jun, 2014 12:00am
Local judge files corruption charges against Argentina VP

Local judge files corruption charges against Argentina VP

An Argentine judge filed corruption charges Friday against Vice President Amado Boudou over his alleged role while he was finance minister in buying a company that printed local currency. The bushy-hair Boudou, 51, known for his love of motorcycles and ro
Published 29 Jun, 2014 12:00am
HP to settle suits over Autonomy deal

HP to settle suits over Autonomy deal

Hewlett-Packard Co and attorneys representing shareholders have agreed to settle litigation over its troubled $11.1 billion acquisition of British software company Autonomy Corp, according to a source familiar with the negotiations. Under the terms of the
Published 29 Jun, 2014 12:00am
Slovakian Prime Minister tries to woo voters with anti-austerity package

Slovakian Prime Minister tries to woo voters with anti-austerity package

Slovakia's Prime Minister announced an anti-austerity package Saturday aimed at consolidating his party's support after the leftists suffered a blow in recent presidential elections. "After years of austerity, let me present a package of positive financia
Published 29 Jun, 2014 12:00am
Slovakian Prime Minister tries to woo voters with anti-austerity package

Slovakian Prime Minister tries to woo voters with anti-austerity package

Slovakia's Prime Minister announced an anti-austerity package Saturday aimed at consolidating his party's support after the leftists suffered a blow in recent presidential elections. "After years of austerity, let me present a package of positive financia
Published 29 Jun, 2014 12:00am
New sanctions on Russia could 'seriously' impact growth: minister

New sanctions on Russia could 'seriously' impact growth: minister

A new round of Western sanctions on Russia over the crisis in Ukraine could seriously impact its already stalled economy, Economy Minister Alexei Ulyukayev said Saturday. The minister said Russia has prepared for three possible scenarios in the event of t
Published 29 Jun, 2014 12:00am
British economy grows

British economy grows

Britain's economy grew by 0.8 percent in the first quarter of 2014 compared with output in the final three months of last year, unrevised official data showed on Friday. Gross domestic product was 3.0-percent higher in the January-March quarter compared w
Published 29 Jun, 2014 12:00am
Asia Resource Minerals replaces chairman

Asia Resource Minerals replaces chairman

Indonesian coal miner Asia Resource Minerals Plc (ARMS), which is battling to turn around its business, named Bob Kamandanu as chairman after investors did not re-elect Chris Walton at Friday's annual shareholder meeting. ARMS's stock tumbled as much as 1
Published 29 Jun, 2014 12:00am
American Apparel adopts shareholder rights plan

American Apparel adopts shareholder rights plan

American Apparel Inc has adopted a one-year shareholder rights plan to help its board of directors better protect its stockholders and ensure they are treated fairly, the company said on Saturday. The company said its action came in response to reports of
Published 29 Jun, 2014 12:00am
American Apparel adopts shareholder rights plan

American Apparel adopts shareholder rights plan

American Apparel Inc has adopted a one-year shareholder rights plan to help its board of directors better protect its stockholders and ensure they are treated fairly, the company said on Saturday. The company said its action came in response to reports of
Published 29 Jun, 2014 12:00am
Carlos Slim buys out AT&T's $5.6 billion stake in America Movil

Carlos Slim buys out AT&T's $5.6 billion stake in America Movil

Mexican tycoon Carlos Slim has bought out US telephone operator AT&T's $5.6 billion stake in telecommunications firm America Movil, the companies announced Friday. The acquisition of AT&T's shares in the company represent 8.27 percent of America Movil's c
Published 29 Jun, 2014 12:00am
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