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Print - 2015-01-30
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 29, 2015).
Published 30 Jan, 2015 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (January 29, 2015).

Published 30 Jan, 2015 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (January 29, 2015).

Published 30 Jan, 2015 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (January 29, 2015).

Published 30 Jan, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 29, 2015).

Published 30 Jan, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 30 Jan, 2015 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 30 Jan, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 30 Jan, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 30 Jan, 2015 12:00am
Indian soyaoil, oilseeds futures jump

Indian soyaoil, oilseeds futures jump

Indian soyaoil and oilseeds futures rose on Tuesday because of buying at lower levels and also in line with the benchmark Malaysian palm oil contract. Malaysian palm oil futures rebounded to snap four days of declines but remained not far off their lowest
Published 30 Jan, 2015 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Wednesday for the fourth straight session, after a US regulatory decision made it easier for Argentina biofuel makers to sell output into the United States, triggering a plunge in soyoil prices. US regulators on Tuesday
Published 30 Jan, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.520 billion and the number of lots traded was 14,709. PMEX Commodity Index closed at 2,585. Major business was contributed by crude oil amounting to PKR 874 million followed by gol
Published 30 Jan, 2015 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 102,993 tonnes of cargo comprising 75,348 tonnes of import cargo and 27,645 tonnes of export cargo including 6,367 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 75
Published 30 Jan, 2015 12:00am
Mills, spinners remain on the sidelines amid uncertainty

Mills, spinners remain on the sidelines amid uncertainty

Prices showed slight fluctuations on the cotton market on Thursday in the process of subdued trading, dealers said. The official spot rate was unchanged at Rs 4,700, dealers said. In the ready session, around 3,000 bales of cotton changed hands between Rs
Published 30 Jan, 2015 12:00am
Priceslide continues on cotton market

Priceslide continues on cotton market

In line with the global sentiment, domestic cotton prices also declined on Thursday. Thus the local market was bearish and yarn prices were also not doing well. Overall weakness appeared to encompass the cotton economy at large. Thus seed cotton (Kapas/Ph
Published 30 Jan, 2015 12:00am
Priceslide continues on cotton market

Priceslide continues on cotton market

In line with the global sentiment, domestic cotton prices also declined on Thursday. Thus the local market was bearish and yarn prices were also not doing well. Overall weakness appeared to encompass the cotton economy at large. Thus seed cotton (Kapas/Ph
Published 30 Jan, 2015 12:00am
UAE buyer buys wheat, barley, soyameal

UAE buyer buys wheat, barley, soyameal

An importer in the United Arab Emirates purchased about 40,000 tonnes of wheat, 20,000 tonnes of feed barley and 15,000 tonnes of soyameal in a tender which closed last week, European traders said on Tuesday. The purchase involved 15,000 tonnes of Austral
Published 30 Jan, 2015 12:00am
US Midwest corn bids higher

US Midwest corn bids higher

Corn spot basis bids were higher at elevators and ethanol plants around the US Midwest on Wednesday, supported by a slow pace of farmer sales tied to the lowest futures in two weeks, grain merchants said. Soyabean bids were firm at river terminals around
Published 30 Jan, 2015 12:00am
Philippines confident of faster growth after 2014 rebound

Philippines confident of faster growth after 2014 rebound

Philippine officials voiced confidence the country had escaped a "boom-bust cycle" as they predicted on Thursday that economic growth would accelerate in 2015, after expansion last year beat international expectations. The economy grew 6.9 percent in the
Published 30 Jan, 2015 12:00am
Spanish retail sales rise at fastest pace in 11 years in December

Spanish retail sales rise at fastest pace in 11 years in December

Spanish retail sales leapt 6.5 percent year-on-year in December, the biggest increase since 2003, as Spaniards spent at Christmas, encouraged by an improving economic outlook and falling oil prices. It was the latest sign that falling prices are boosting
Published 30 Jan, 2015 12:00am
ECB warns banks to keep dividends tight

ECB warns banks to keep dividends tight

The European Central Bank warned banks across the euro zone to curb payouts to shareholders, also pledging to probe how much they are paying in bonuses as the rest of the bloc's economy suffers. In its boldest public order to the industry since health che
Published 30 Jan, 2015 12:00am
Ukraine row punctures profits at Gazprom

Ukraine row punctures profits at Gazprom

Third quarter profits plunged 61 percent at Russian gas giant Gazprom, the company said Thursday, hit by the suspension of deliveries to Ukraine, and with the outlook darkened by slumping global energy prices. The group's profits between July and Septembe
Published 30 Jan, 2015 12:00am
IMF begins work on 'Plan B' as US blocks reforms

IMF begins work on 'Plan B' as US blocks reforms

The International Monetary Fund said Wednesday it would begin working on alternatives to its stalled, five-year-old reform program after passing another year without the required ratification by the US government. In a proposal mapped out by the IMF execu
Published 30 Jan, 2015 12:00am
Nokia profits buoyed by strong growth in North America

Nokia profits buoyed by strong growth in North America

Finnish telecom equipment group Nokia reported a sharp rise in annual net profit Thursday, boosted by a substantial one-off tax-related gain and strong North America sales in the fourth quarter. The group's net profit in 2014 soared fivefold to 1.16 billi
Published 30 Jan, 2015 12:00am
Nokia profits buoyed by strong growth in North America

Nokia profits buoyed by strong growth in North America

Finnish telecom equipment group Nokia reported a sharp rise in annual net profit Thursday, boosted by a substantial one-off tax-related gain and strong North America sales in the fourth quarter. The group's net profit in 2014 soared fivefold to 1.16 billi
Published 30 Jan, 2015 12:00am
Brazil jobless rate hits all-time low

Brazil jobless rate hits all-time low

Joblessness in Brazil, the world's seventh largest economy, averaged 4.8 percent in 2014, a historic low despite slowing economic growth and rising inflation. The Brazilian Geographic and Statistics Institute said unemployment in December was 4.3 percent,
Published 30 Jan, 2015 12:00am
US jobless claims drop sharply to near 15-year low

US jobless claims drop sharply to near 15-year low

The number of Americans filing new claims for unemployment benefits tumbled last week to its lowest level in nearly 15 years, adding to bullish signals on the labour market. Though the decline probably exaggerates the jobs market's strength given a holida
Published 30 Jan, 2015 12:00am
Apple ties with Samsung as world's top smartphone vendor

Apple ties with Samsung as world's top smartphone vendor

Apple caught up with Samsung as the world's biggest smartphone vendor in the fourth quarter of 2014, thanks to booming sales of its new iPhone 6, market researcher Strategy Analytics said Thursday. Apple reported a record net profit of $18 billion in the
Published 30 Jan, 2015 12:00am
Samsung posts first annual profit decline in three years

Samsung posts first annual profit decline in three years

Samsung Electronics posted its first drop in annual net profit in three years Thursday and saw resurgent arch-rival Apple barge in on its pole position as the world's top smartphone maker. The South Korean firm, whose key mobile phone operations have stru
Published 30 Jan, 2015 12:00am
Samsung posts first annual profit decline in three years

Samsung posts first annual profit decline in three years

Samsung Electronics posted its first drop in annual net profit in three years Thursday and saw resurgent arch-rival Apple barge in on its pole position as the world's top smartphone maker. The South Korean firm, whose key mobile phone operations have stru
Published 30 Jan, 2015 12:00am
Alibaba posts disappointing sales, hits back at China claims

Alibaba posts disappointing sales, hits back at China claims

Alibaba posted disappointing quarterly sales on Thursday as the e-commerce giant hit back against "unfair" Chinese government allegations that it failed to crackdown on illegal transactions. The online shopping platform posted a 40 percent jump in sales t
Published 30 Jan, 2015 12:00am
Alibaba posts disappointing sales, hits back at China claims

Alibaba posts disappointing sales, hits back at China claims

Alibaba posted disappointing quarterly sales on Thursday as the e-commerce giant hit back against "unfair" Chinese government allegations that it failed to crackdown on illegal transactions. The online shopping platform posted a 40 percent jump in sales t
Published 30 Jan, 2015 12:00am
Shell axes spending as sliding oil prices dent profits

Shell axes spending as sliding oil prices dent profits

Energy giant Royal Dutch Shell on Thursday unveiled plans to slash spending by more than $15 billion after posting lower annual profits on tumbling oil prices. The group said it would cut spending by the equivalent of 13 billion euros over the next three
Published 30 Jan, 2015 12:00am
Shell axes spending as sliding oil prices dent profits

Shell axes spending as sliding oil prices dent profits

Energy giant Royal Dutch Shell on Thursday unveiled plans to slash spending by more than $15 billion after posting lower annual profits on tumbling oil prices. The group said it would cut spending by the equivalent of 13 billion euros over the next three
Published 30 Jan, 2015 12:00am
EU tourism hits record in 2014

EU tourism hits record in 2014

The European Union attracted a record number of tourists in 2014, with visits to France leading the bloc, official data showed on Thursday. Last year tourists spent 2.7 billion nights in tourist accommodations across the EU's 28 countries, the Eurostat da
Published 30 Jan, 2015 12:00am
Sri Lanka hikes company taxes, says economy in 'sad state'

Sri Lanka hikes company taxes, says economy in 'sad state'

Sri Lanka's new government Thursday announced hefty taxes on top companies in a bid to raise revenue, accusing the previous regime of fudging the figures and leaving the economy in a "sad state". Finance Minister Ravi Karunanayake also said prices of esse
Published 30 Jan, 2015 12:00am
Sri Lanka hikes company taxes, says economy in 'sad state'

Sri Lanka hikes company taxes, says economy in 'sad state'

Sri Lanka's new government Thursday announced hefty taxes on top companies in a bid to raise revenue, accusing the previous regime of fudging the figures and leaving the economy in a "sad state". Finance Minister Ravi Karunanayake also said prices of esse
Published 30 Jan, 2015 12:00am
Most Middle East markets pull back on weak Q4 results, dividends

Most Middle East markets pull back on weak Q4 results, dividends

Saudi Arabia's stock market pulled back on Thursday after gaining strongly earlier in the week, while disappointing dividends and earnings weighed on other Gulf markets. The main Saudi stock index edged down 0.4 percent as some of the stocks which had dri
Published 30 Jan, 2015 12:00am
Sri Lankan shares lower

Sri Lankan shares lower

Sri Lankan shares fell on Thursday from a near two-week closing high the previous session, led by John Keells Holdings Plc after the new government cancelled approval for it to help build a casino, brokers said. Prime Minister Ranil Wickramasinghe on Thur
Published 30 Jan, 2015 12:00am
Indian shares higher

Indian shares higher

India's NSE index gained 0.4 percent, rising for a tenth consecutive session, its longest winning streak since September 2007, as shares of capital goods firms rose ahead of the fiscal budget next month and oil retailers benefited from a slump in crude pr
Published 30 Jan, 2015 12:00am
Thursday's midday trade: stocks edge lower

Thursday's midday trade: stocks edge lower

US stocks edged lower in choppy trading on Thursday as earnings, including Alibaba's, and a further drop in US crude futures dragged shares lower, while a strong reading in the job market gave equities some support. Alibaba Group shares dropped 9.2 percen
Published 30 Jan, 2015 12:00am
Wall Street ends lower after Fed statement, oil drop

Wall Street ends lower after Fed statement, oil drop

US stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signalling it remains on track to raise interest rates later this year. Concluding
Published 30 Jan, 2015 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.7 percent on Thursday, in line with regional and global bourses as investors digested signals from the US Federal Reserve on when it would raise interest rates. As of 0225 GMT, the main TAIEX index was lower 61.73 points at 9,444.19,
Published 30 Jan, 2015 12:00am
Treasuries mostly flat

Treasuries mostly flat

US Treasuries were mostly little changed on Wednesday as Wall Street stocks bounced back from a sell-off and bond investors awaited the outcome of a Federal Reserve policy meeting. Trading was thin and choppy, with demand for long-dated bonds continuing t
Published 30 Jan, 2015 12:00am
Treasuries mostly flat

Treasuries mostly flat

US Treasuries were mostly little changed on Wednesday as Wall Street stocks bounced back from a sell-off and bond investors awaited the outcome of a Federal Reserve policy meeting. Trading was thin and choppy, with demand for long-dated bonds continuing t
Published 30 Jan, 2015 12:00am
Hong Kong and China stocks down

Hong Kong and China stocks down

Hong Kong and mainland Chinese stocks closed lower on Thursday, in line with sharp declines across most Asian share markets, dragged lower by falls in the United States and a clampdown on margin trading. The benchmark Hang Seng Index fell 1.07 percent, or
Published 30 Jan, 2015 12:00am
Tokyo stocks fall

Tokyo stocks fall

Tokyo stocks closed 1.06 percent lower on Thursday, with videogame giant Nintendo and Canon tumbling after their latest earnings disappointed investors, and after Wall Street fell sharply. The Nikkei 225 index at the Tokyo Stock Exchange fell 189.51 point
Published 30 Jan, 2015 12:00am
European shares knocked as oil slide hits earnings

European shares knocked as oil slide hits earnings

Weak corporate updates pegged back European shares on Thursday, as the effects of a rout in oil prices knocked back heavyweight energy firms. Some traders said the Federal Reserve's statement on Wednesday, signalling US rate rises were still likely this y
Published 30 Jan, 2015 12:00am
Australian shares hit 20-week high

Australian shares hit 20-week high

Australian shares rose to a 20-week high on Thursday as hopes for an interest rate cut within days pushed up indexes even as oil prices at multi-year lows sent energy stocks sharply lower The S&P/ASX 200 index rose 0.3 percent or 16.7 points to close at 5
Published 30 Jan, 2015 12:00am
Southeast Asian markets: Philippine off record high, Malaysia falls

Southeast Asian markets: Philippine off record high, Malaysia falls

Southeast Asian stock markets fell on Thursday, with the Philippine benchmark ending off an all-time high and the Malaysian index declining for a second straight day, as investors cut exposures to energy shares with oil prices near six-year lows. The Phil
Published 30 Jan, 2015 12:00am
FTSE eases to near one-week lows as Shell slides

FTSE eases to near one-week lows as Shell slides

Britain's main share index fell to near one-week lows on Thursday, with oil major Royal Dutch Shell weighing on the market after it missed earnings expectations. The bluechip FTSE 100 equity index ended down 0.2 percent at 6,810.60 points as Shell dropped
Published 30 Jan, 2015 12:00am
Turkish lira hits new record low on rate cut expectations

Turkish lira hits new record low on rate cut expectations

Turkey's currency the lira hit a new record low against dollar on Thursday amid expectations that the central bank may cut interest rates as early as next week. The lira hit a record low in value of 2.4184 to the dollar, worse than the previous record low
Published 30 Jan, 2015 12:00am
New Zealand dollar hits four-year low in Asia

New Zealand dollar hits four-year low in Asia

The New Zealand dollar pared some losses but remained near a four-year low on Thursday as investors priced in a greater chance of rate cuts there, while US dollar bulls focused on the positive in the Federal Reserve's latest policy statement. The kiwi had
Published 30 Jan, 2015 12:00am
Swiss franc sinks in London on intervention talk

Swiss franc sinks in London on intervention talk

Switzerland's franc again dominated trade on major currency markets on Thursday, falling as much as two percent against the euro and dollar amid renewed speculation of intervention by the Swiss National Bank. The franc sank to 1.0430 francs per euro in mo
Published 30 Jan, 2015 12:00am
Early trade in New York: Franc under pressure, euro broadly stronger

Early trade in New York: Franc under pressure, euro broadly stronger

The Swiss franc dominated trade on major currency markets again on Thursday, weakening against the euro and the US dollar on renewed speculation of intervention by the Swiss National Bank, while commodity-based currencies fell against the greenback. The e
Published 30 Jan, 2015 12:00am
Dollar holds gains in New York

Dollar holds gains in New York

The US dollar strengthened on Wednesday in a broad advance that included gains against the euro and the Swiss franc, taking in stride the Federal Reserve's repeated message it remains "patient" in deciding when to raise interest rates. Market expectations
Published 30 Jan, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-09.25 percent (Previous 07.00-09.25 percent).
Published 30 Jan, 2015 12:00am
Bullish Fed hurts Asia FX

Bullish Fed hurts Asia FX

Most emerging Asian currencies fell on Thursday as the US Federal Reserve appeared on track to raise interest rates this year while there are risks that regional central banks instead may ease monetary policies. The Malaysian ringgit hit a near six-year l
Published 30 Jan, 2015 12:00am
Sri Lankan rupee forwards weaker

Sri Lankan rupee forwards weaker

Sri Lankan rupee forwards ended weaker on Thursday due to importer dollar demand despite moral suasion by the central bank, while exporters awaited direction from a supplementary budget, dealers said. Currency dealers said the rupee may depreciate because
Published 30 Jan, 2015 12:00am
Sterling stumbles against dollar

Sterling stumbles against dollar

Sterling fell towards an 18-month low against the dollar on Thursday after data showed the number of Americans filing new unemployment claims tumbled to the lowest level in almost 15 years last week. The fall in US unemployment benefit applications far ex
Published 30 Jan, 2015 12:00am
New Zealand dollar tumbles

New Zealand dollar tumbles

The New Zealand dollar tumbled to a 3-1/2-year low on Thursday after the Reserve Bank of New Zealand dropped its tightening bias on official interest rates, instead signalling that the next move could be either up or down. The kiwi fell to $0.7320, its lo
Published 30 Jan, 2015 12:00am
Barca edge nine-man Atletico in five-goal thriller

Barca edge nine-man Atletico in five-goal thriller

Neymar bagged a double as Barcelona twice came from behind to book their place in the semi-finals of the Copa del Rey with a 3-2 win over nine-man Atletico Madrid to seal a 4-2 aggregate victory. Fernando Torres struck for the hosts inside the first minut
Published 30 Jan, 2015 12:00am
Blatter submits bid for fifth term

Blatter submits bid for fifth term

FIFA boss Joseph Blatter on Thursday submitted his candidature for a fifth term as president of world football's governing body. "Today (Thursday) is a key date in the electoral calendar. I've made my submission, now the electoral committee follow a proce
Published 30 Jan, 2015 12:00am
Sangakkara lifts Sri Lanka to 34-run win

Sangakkara lifts Sri Lanka to 34-run win

Kumar Sangakkara's masterful double of a century and a world-record wicketkeeping performance inspired Sri Lanka to a 34-run win over New Zealand in their one-day series finale in Wellington on Thursday. Even though it was a dead rubber, with New Zealand
Published 30 Jan, 2015 12:00am
World Cup final to have a Super Over in event of tie

World Cup final to have a Super Over in event of tie

The upcoming cricket World Cup final will be decided by a Super Over in the event of a tie, the sport's governing body announced on Thursday. The move is a return to the playing condition in force at the last World Cup in 2011, abandoning a proposal to ha
Published 30 Jan, 2015 12:00am
Yuvraj added to MCC squad

Yuvraj added to MCC squad

India batsman Yuvraj Singh has been called up to play for Marylebone Cricket Club (MCC) in March's Emirates Twenty20 tournament in Dubai, the invitational team announced on Thursday. He joins Alastair Cook, Michael Carberry and Nick Compton in the MCC squ
Published 30 Jan, 2015 12:00am
US Consul General hosts spots diplomacy event

US Consul General hosts spots diplomacy event

US Consul General Brian Heath tested his football skills along with 22 young men at a football clinic held at his residence. The results Stay tuned. "Playing sports is a great - and fun - way to learn about teamwork," said Mr Heath. "What better way to te
Published 30 Jan, 2015 12:00am
ICC approves dates for major events through 2019

ICC approves dates for major events through 2019

The International Cricket Council on Thursday approved the dates for major tournaments for the next four years, up to the 2019 World Cup in England. England will also host the 2017 Champions Trophy one-day tournament and India the 2016 World Twenty20. The
Published 30 Jan, 2015 12:00am
Serena in dream Sharapova final, Murray makes decider

Serena in dream Sharapova final, Murray makes decider

Arch-rivals Serena Williams and Maria Sharapova set up a dream Australian Open final Thursday while Andy Murray ground down Tomas Berdych to give himself a fourth crack at winning the Melbourne Park title. Williams battled past gallant fellow American Mad
Published 30 Jan, 2015 12:00am
Guinea into Cup of Nations quarters

Guinea into Cup of Nations quarters

Guinea qualified for the Africa Cup of Nations quarter-finals in bizarre fashion on Thursday after a drawing of lots was required to separate them and Mali. They will go through to a quarter-final on Sunday in Equatorial Guinea's capital Malabo against Gr
Published 30 Jan, 2015 12:00am
Amla, Rossouw set up big win for South Africa

Amla, Rossouw set up big win for South Africa

Hashim Amla and Rilee Rossouw both hit centuries for the second time in the series to set up a 131-run win for South Africa in the fifth and final ODI against the West Indies at SuperSport Park on Wednesday. Amla made 133 and Rossouw powered his way to 13
Published 30 Jan, 2015 12:00am
ICC allows Aamir to play domestic cricket

ICC allows Aamir to play domestic cricket

International Cricket Council (ICC) has allowed Pakistani fast bowler Muhammad Aamir to play domestic cricket, spokesman of Pakistan Cricket Board (PCB) said here Thursday. The decision was taken at an ICC meeting held in Dubai. Mohammad Aamir has been al
Published 30 Jan, 2015 12:00am
Britain summons Russian ambassador

Britain summons Russian ambassador

Britain said it had summoned the Russian ambassador to London on Thursday after Russian bombers were found flying close to British airspace, saying the incident had disrupted civil aviation. The move comes after a string of similar incidents and amid tens
Published 30 Jan, 2015 12:00am
Mali leader pulls out of AU summit

Mali leader pulls out of AU summit

Mali's president pulled out of an African Union summit Thursday to visit the restive city of Gao following the deaths of protesters in violent demonstrations against the United Nations. Ibrahim Boubacar Keita had been due to fly to Ethiopian capital Addis
Published 30 Jan, 2015 12:00am
Egypt, Syria and Iraq used 2014 turmoil to abuse rights

Egypt, Syria and Iraq used 2014 turmoil to abuse rights

The governments of Egypt, Syria and Iraq used real and perceived security threats in 2014 as an excuse to downplay or abandon the rights of their citizens, which ultimately fuelled crises, Human Rights Watch (HRW) said on Thursday. In its annual review of
Published 30 Jan, 2015 12:00am
US would welcome Japan air patrols in South China Sea

US would welcome Japan air patrols in South China Sea

The United States would welcome a Japanese extension of air patrols into the South China Sea as a counterweight to a growing fleet of Chinese vessels pushing China's territorial claims in the region, a senior US Navy officer told Reuters. Regular patrols
Published 30 Jan, 2015 12:00am
US Senate clears way for Keystone pipeline approval

US Senate clears way for Keystone pipeline approval

After weeks of debate and a roller-coaster amendment process, the US Senate advanced a bill Thursday authorising immediate construction of the controversial Keystone XL oil pipeline. The Canada-to-US pipeline has been a top priority for Republicans in the
Published 30 Jan, 2015 12:00am
Malaysia declares MH370 an 'accident'

Malaysia declares MH370 an 'accident'

Malaysia declared on Thursday the disappearance of Malaysia Airlines Flight MH370 an accident, clearing the way for the airline to pay compensation to victims' relatives while the search for the plane goes on. The Boeing 777 aircraft disappeared on March
Published 30 Jan, 2015 12:00am
Jordan still holding prisoner demanded by IS as deadline passes

Jordan still holding prisoner demanded by IS as deadline passes

Jordan said on Thursday it was still holding an Iraqi would-be suicide bomber as a deadline passed for her release set by Islamic State militants who threatened to kill a Jordanian pilot unless she was handed over by sunset. An audio message purportedly f
Published 30 Jan, 2015 12:00am
Japan's Otomo first manga artist to win top French prize

Japan's Otomo first manga artist to win top French prize

Japan's Katsuhiro Otomo on Thursday became the first manga cartoonist to win a lifetime achievement award at France's renowned international Angouleme comics festival. The 60-year-old is known the world over for the cult manga series Akira, set in a post-
Published 30 Jan, 2015 12:00am
Bombardier accused of corruption in South Korea

Bombardier accused of corruption in South Korea

South Korean prosecutors are accusing Canadian aerospace giant Bombardier of making gifts to local officials in the East Asian country as it pursued a metro contract, Radio-Canada public television reported Thursday. The corruption allegations stem from g
Published 30 Jan, 2015 12:00am
MSF says pulls out of parts of Sudan

MSF says pulls out of parts of Sudan

Medecins Sans Frontieres (MSF) has pulled out of some conflict-hit parts of Sudan due to a lack of co-operation from authorities, the medical charity said on Thursday, as the country suffers increasing violence. Sudan has faced a rebellion in Darfur since
Published 30 Jan, 2015 12:00am
Just four bits of credit card data can identify most anyone

Just four bits of credit card data can identify most anyone

Just four bits of information gleaned from a shopper's credit card can be used to identify almost anyone, suggesting that even anonymous big data sets can breach individual privacy, researchers said Thursday. The study in the journal Science crunched thre
Published 30 Jan, 2015 12:00am
Iraq cuts budget due to falling oil prices

Iraq cuts budget due to falling oil prices

Iraq cut its 2015 budget Thursday by nearly $3 billion (2.7 billion euros) due to the falling price of oil, on which its government is almost entirely dependent for revenue. MPs approved a budget of $99.6 billion, down from the $102.5 billion the cabinet
Published 30 Jan, 2015 12:00am
Cotton futures rise

Cotton futures rise

ICE cotton gained for the third straight session and hit a 1-1/2 week high on Wednesday as investors covered short positions ahead of a US Federal Reserve statement and a Thursday report expected to show another week of strong export sales. The most-activ
Published 30 Jan, 2015 12:00am
Palm oil down

Palm oil down

Malaysian palm oil slid more than 3 percent on Thursday as the market snapped two sessions of gains to drop to its lowest in almost six weeks, under pressure from plentiful global edible oil supplies and slowing demand. Crude oil prices at six-year lows h
Published 30 Jan, 2015 12:00am
Coffee and sugar sink

Coffee and sugar sink

Arabica coffee futures on ICE sank more than 5 percent on Thursday, falling to a 6-1/2-month low on technical long-liquidation, while raw sugar fell on talk that India could soon launch raw sugar export incentives. New York futures fell for the ninth day
Published 30 Jan, 2015 12:00am
Rubber drops

Rubber drops

Benchmark Tokyo rubber futures dropped on Thursday, pulling back from a two-week high hit the previous day, due to weaker oil prices and a higher yen as well as nagging worries about global oversupply. Tokyo Commodity Exchange (TOCOM) futures, which set t
Published 30 Jan, 2015 12:00am
Wheat falls on fund selling

Wheat falls on fund selling

Chicago Board of Trade wheat futures fell 2.7 percent on Wednesday to a three-month low on technical selling, plentiful global supplies and forecasts for rains in the US Plains, analysts said. Soyabean futures slid as soyaoil prices hit their lowest in ne
Published 30 Jan, 2015 12:00am
Shanghai copper down

Shanghai copper down

The most-traded April copper contract on the Shanghai Futures Exchange fell by 0.9 percent to 39,320 yuan ($6,299) a tonne on Thursday, having pared earlier losses of near 1 percent. News that top metals consumer China plans to cut its economic growth tar
Published 30 Jan, 2015 12:00am
Copper down after Fed meeting, inventories rise

Copper down after Fed meeting, inventories rise

Copper and other metals prices fell on Thursday on worries about excess supply and after US central bank authorities gave more signals of a looming rate hike. Inventories of both copper and nickel in London Metal Exchange (LME) warehouses continued to inc
Published 30 Jan, 2015 12:00am
US crude drops below $44 as inventory builds scare market

US crude drops below $44 as inventory builds scare market

US crude oil fell below $44 a barrel for the first time since April 2009 on Thursday while benchmark Brent sharply pared early gains after data showing additions to already record-high US oil inventories. Oil prices had risen broadly earlier in the sessio
Published 30 Jan, 2015 12:00am
Gold down in New York

Gold down in New York

Gold extended losses on Wednesday after the Federal Reserve said it will remain "patient" with regard to any interest rate increase decisions. After its first policy-setting meeting of the year, the Federal Open Market Committee (FOMC) said the US economy
Published 30 Jan, 2015 12:00am