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Print - 2015-03-12
Message from CEO, TOTAL Communications

Message from CEO, TOTAL Communications

I welcome all the participants on the auspicious occasion of 8th International Mobile Commerce Conference, the premier event being organized by Total Communication for the eight consecutive year. With the support of all stakeholders the event is now a per
Published 12 Mar, 2015 12:00am
Message from Partner, AbacusConsulting

Message from Partner, AbacusConsulting

It gives me immense pleasure to be a part of Mobile Commerce Conference 2015. AbacusConsultingis proud to be the main sponsor of the conference for the 5th consecutive year. This has been a notable platform for showcasing the advancement of mobile commerc
Published 12 Mar, 2015 12:00am
Message from CEO TPS

Message from CEO TPS

Mobile phones in Pakistan have seen significant growth, where number of adults using mobile phone has increased from 5% in 2002 to over 53% towards end of 2014. This penetration of mobile phones across almost all segments of the society has opened up grea
Published 12 Mar, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.963 billion. The number of lots traded was 13,937 and PMEX Commodity Index closed at 2,491. Major business was contributed by crude oil amounting to PKR 1.139 billion. This was follo
Published 12 Mar, 2015 12:00am
US natural gas futures gain two percent on cooler forecasts

US natural gas futures gain two percent on cooler forecasts

US natural gas futures gained 2 percent on Tuesday on forecasts calling for slightly cooler weather over the next two weeks and expectations for another big storage draw. After falling almost 5.7 percent on Monday, front-month gas futures on the New York
Published 12 Mar, 2015 12:00am
US Midwest corn bids firmer

US Midwest corn bids firmer

US Midwest corn basis bids firmed as much as 7 cents a bushel late on Tuesday as processors and exporters scrambled to source nearby supplies from tight-fisted farmers, merchants said. Soyabeans basis bids were generally steady to slightly firmer amid qui
Published 12 Mar, 2015 12:00am
Indian rapeseed futures rise on fresh buying support

Indian rapeseed futures rise on fresh buying support

Indian rapeseed futures rose on Tuesday amid fresh buying support as the fate of the oilseed crop hinges on how winter rains shape up in the next couple of days. If the recent untimely rains continue longer, then it could hurt output and increase chance o
Published 12 Mar, 2015 12:00am
Taiwan buys 83,950 tonnes of US wheat

Taiwan buys 83,950 tonnes of US wheat

The Taiwan Flour Millers' Association has purchased 83,950 tonnes of milling wheat to be sourced from the United States in a tender for the same volume which closed on Wednesday, European traders said. The wheat had been sought in two consignments for Apr
Published 12 Mar, 2015 12:00am
EU wheat futures slightly lower

EU wheat futures slightly lower

Wheat prices in western Europe were slightly lower on Tuesday as a monthly report issued by the US Department of Agriculture confirmed ample global supplies. A sharp decline in front-month March futures on Euronext, which expired on Tuesday, also weighed
Published 12 Mar, 2015 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 96,610 tonnes of cargo comprising 79,324 tonnes of import cargo and 17,286 tonnes of export cargo including 4,339 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 79
Published 12 Mar, 2015 12:00am
Oil cake market rates

Oil cake market rates

Both the futures were unchanged on the forward cottonseed oilcake market on Wednesday in the process of trading, dealers said. The March vaida closed at Rs 1424.50 on Tuesday and it commenced with no change at the same level in the morning session, they s
Published 12 Mar, 2015 12:00am
Cotton market: subdued business on low supply of fine type

Cotton market: subdued business on low supply of fine type

Unavailability of quality lint, propelled mills and spinners to keep on the sidelines on the cotton market on Wednesday. The official spot rate held the week-end level at Rs 5000, dealers said. In the ready session, over 5,000 bales of cotton changed hand
Published 12 Mar, 2015 12:00am
No business on grain market

No business on grain market

According to the wholesale Grain Merchant Association, no variation was seen in the commodity rates on Wednesday due to law and order situation in the city, they said.
Published 12 Mar, 2015 12:00am
CBOT wheat ends higher on short-covering

CBOT wheat ends higher on short-covering

Chicago Board of Trade wheat futures closed higher Tuesday for a third straight session as fund short-covering and signs of commercial interest helped offset pressure from a stronger dollar, traders said. K.C. hard red winter and MGEX spring wheat also cl
Published 12 Mar, 2015 12:00am
Egypt pins hope for revival on investment conference

Egypt pins hope for revival on investment conference

After four years of political turmoil, Egypt is staking its economic revival on an investment summit in Sharm el-Sheikh it hopes will burnish its image and attract billions of dollars. The gathering, to be attended by global chief executives and officials
Published 12 Mar, 2015 12:00am
Sweden's Borg urges neighbour Finland to reform labour market

Sweden's Borg urges neighbour Finland to reform labour market

It could take Finland up to a decade to restore economic competitiveness with measures to curb pay rises and boost labour force participation, Sweden's former finance minister Anders Borg said in advice commissioned by Finland's leader. With a parliamenta
Published 12 Mar, 2015 12:00am
BoJ's Shirai says temporary slowdown in inflation acceptable

BoJ's Shirai says temporary slowdown in inflation acceptable

A temporary slowdown in consumer inflation is acceptable as long as prices are rising as a trend backed by a recovery in domestic demand, a Bank of Japan policymaker said, signalling that no additional stimulus was forthcoming in the near term. But BoJ bo
Published 12 Mar, 2015 12:00am
BoJ's Shirai says temporary slowdown in inflation acceptable

BoJ's Shirai says temporary slowdown in inflation acceptable

A temporary slowdown in consumer inflation is acceptable as long as prices are rising as a trend backed by a recovery in domestic demand, a Bank of Japan policymaker said, signalling that no additional stimulus was forthcoming in the near term. But BoJ bo
Published 12 Mar, 2015 12:00am
China likely to ease again if inflation falls: central bank adviser

China likely to ease again if inflation falls: central bank adviser

China is likely to cut interest rates or reserve requirements again if consumer inflation drifts below 1 percent, a member of the central bank's monetary policy committee said, as he ruled out more support for the sagging Chinese property market. Qian Yin
Published 12 Mar, 2015 12:00am
China Crest advert loses its sparkle with $1 million fine

China Crest advert loses its sparkle with $1 million fine

Chinese regulators have fined US consumer goods giant Procter & Gamble nearly $1 million for "false advertising" over claims a type of Crest toothpaste can whiten teeth, a government statement said Tuesday. The Shanghai Administration of Industry and Comm
Published 12 Mar, 2015 12:00am
US rail industry pushes White House to ease oil train safety rules

US rail industry pushes White House to ease oil train safety rules

The US rail industry is pushing the White House to drop a requirement that oil trains adopt an advanced braking system, a cornerstone of a national safety plan that will soon govern shipments of crude oil across the country. Representatives of large rail
Published 12 Mar, 2015 12:00am
Cairn files dispute notice against India over tax investigation

Cairn files dispute notice against India over tax investigation

Oil explorer Cairn Energy has filed a dispute notice against the Indian income tax department over a $1.6 billion tax claim from the 2006-2007 fiscal year, the company said on Tuesday. The dispute notice was filed under the terms of the UK-India Investmen
Published 12 Mar, 2015 12:00am
Cairn files dispute notice against India over tax investigation

Cairn files dispute notice against India over tax investigation

Oil explorer Cairn Energy has filed a dispute notice against the Indian income tax department over a $1.6 billion tax claim from the 2006-2007 fiscal year, the company said on Tuesday. The dispute notice was filed under the terms of the UK-India Investmen
Published 12 Mar, 2015 12:00am
Swiss makers quietly gear up with smartwatches of their own

Swiss makers quietly gear up with smartwatches of their own

To observers of the secretive Swiss watch industry, its quiet, seemingly passive response to Apple Inc's plan to attack their centuries-old business could be mistaken for submission before an overwhelming adversary. But luxury and fashion groups Richemont
Published 12 Mar, 2015 12:00am
Cyprus GDP decline narrows in fourth quarter

Cyprus GDP decline narrows in fourth quarter

Cyprus's GDP contracted by 0.6 percent in the fourth quarter of 2014, compared with 0.9 percent in the previous three month, beating a flash estimate made last month, official figures showed Wednesday. As a result, the economy suffered its 14th successive
Published 12 Mar, 2015 12:00am
Thailand surprises with rate cut to lift weak confidence

Thailand surprises with rate cut to lift weak confidence

Thailand unexpectedly cut its benchmark interest rate on Wednesday, in a bid to give the ailing economy a spark that the military government has been unable to provide so far. The first cut in a year in the one-day repurchase rate took it to 1.75 percent,
Published 12 Mar, 2015 12:00am
German economy gaining steam in early 2015

German economy gaining steam in early 2015

The German economy is gathering momentum at the start of this year and the upturn will continue into the spring, the German economy ministry said on Wednesday, adding that the weakness seen in Europe's largest economy last summer had been overcome. "The G
Published 12 Mar, 2015 12:00am
Brazil updates GDP methodology

Brazil updates GDP methodology

Brazil's economy grew more than previously estimated from 2000 through 2011, according to a broad revision of gross domestic product data presented on Wednesday by statistics agency IBGE. The nation's average growth rate in that period was 2.1 percent hig
Published 12 Mar, 2015 12:00am
Twitter opens new office in Hong Kong

Twitter opens new office in Hong Kong

It may be banned in mainland China, but Twitter has launched an office in Hong Kong to help Chinese businesses reach international markets. The San Francisco-based service, which has served as a platform for dissent and free speech, wants to tap into boom
Published 12 Mar, 2015 12:00am
Greece raises 1.3 billion euros at higher rate: debt agency

Greece raises 1.3 billion euros at higher rate: debt agency

Greece on Wednesday raised 1.3 billion euros ($1.47 billion) in three-month treasury bills at higher interest in an ongoing scramble for cash. The country's debt agency said it had accepted the entire amount offered by creditors, paying 2.7 percent compar
Published 12 Mar, 2015 12:00am
Greece raises 1.3 billion euros at higher rate: debt agency

Greece raises 1.3 billion euros at higher rate: debt agency

Greece on Wednesday raised 1.3 billion euros ($1.47 billion) in three-month treasury bills at higher interest in an ongoing scramble for cash. The country's debt agency said it had accepted the entire amount offered by creditors, paying 2.7 percent compar
Published 12 Mar, 2015 12:00am
Japan's machinery orders fall

Japan's machinery orders fall

Japan's core machinery orders fell 1.7 percent in January from the previous month, underscoring the challenges facing the government as it attempts to nudge firms into boosting spending on wages and equipment with its aggressive stimulus policies. Nonethe
Published 12 Mar, 2015 12:00am
McDonald's Japan launches complaint app

McDonald's Japan launches complaint app

McDonald's Japan is to launch a new smartphone app for customer complaints as it looks to turn the page on a series of scares including the discovery of a human tooth in some fries. The move comes with in-country sales sliding, profits plunging and the bu
Published 12 Mar, 2015 12:00am
Ryanair to fly from Spain 'ghost airport'

Ryanair to fly from Spain 'ghost airport'

Low-cost airline Ryanair will run the first ever commercial flights from the Spanish "ghost airport" of Castellon, which has lain empty due to Spain's finance crisis, authorities said Wednesday. Built just an hour's drive from the major airport of Valenci
Published 12 Mar, 2015 12:00am
UK's industrial output unexpectedly falls in January

UK's industrial output unexpectedly falls in January

British industrial output expectedly fell in January hit by a reduction in work in the information technology and machinery sectors after a strong December, official figures showed. Industrial output fell by a monthly 0.1 percent, compared with a forecast
Published 12 Mar, 2015 12:00am
Chinese data hits multi-year lows, boosting stimulus hopes

Chinese data hits multi-year lows, boosting stimulus hopes

Chinese output, retail and investment growth have all fallen to multi-year lows, official data showed Wednesday, the latest anaemic indicators to raise expectations of more government support for the world's second-largest economy. Industrial production,
Published 12 Mar, 2015 12:00am
Saudi Arabia's bourse rises in otherwise weak Gulf; Egypt slides

Saudi Arabia's bourse rises in otherwise weak Gulf; Egypt slides

Most Gulf stock markets fell on Wednesday as oil remained volatile, but Saudi Arabia resumed its rally. Egypt's Orascom Construction tumbled in Dubai as Egyptian investors appeared to sell the stock to acquire hard currency. The main Saudi benchmark edged
Published 12 Mar, 2015 12:00am
China stocks give up early gains

China stocks give up early gains

China stocks surrendered early gains and ended almost flat on Wednesday, as fresh economic data dented investor confidence and put downward pressure on main share indexes. Data published after the midday trading break showed that growth in China's real es
Published 12 Mar, 2015 12:00am
S&P posts worst day in 2 months on rate worries

S&P posts worst day in 2 months on rate worries

US stocks dropped on Tuesday, giving the S&P 500 its biggest decline in two months, on increasing views the Federal Reserve may raise rates as soon as June. The Dow and S&P 500 ended in negative territory for the year, with the S&P 500 off 3.5 percent fro
Published 12 Mar, 2015 12:00am
Hong Kong shares down

Hong Kong shares down

Hong Kong's main stock index fell to its lowest level in nearly two months on Wednesday, weighed down by losses in overseas markets and weak economic data from China. Growth in China's investment, retail sales and factory output all missed forecasts in Ja
Published 12 Mar, 2015 12:00am
Treasury debt yields fall

Treasury debt yields fall

US Treasury debt yields fell on Tuesday, as Europe's massive bond-buying program dropped yields there, adding to the relative value of US Treasuries. Yields on the benchmark 10-year Treasury note were last at 2.1262 percent, reflecting a price rise of 19/
Published 12 Mar, 2015 12:00am
Treasury debt yields fall

Treasury debt yields fall

US Treasury debt yields fell on Tuesday, as Europe's massive bond-buying program dropped yields there, adding to the relative value of US Treasuries. Yields on the benchmark 10-year Treasury note were last at 2.1262 percent, reflecting a price rise of 19/
Published 12 Mar, 2015 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.4 percent on Wednesday following Wall Street's sharp declines, with tech heavyweights TSMC and Hon Hai Precision trading mixed after the companies posted February sales results. The main TAIEX index fell to 9,501.69 as of 0130 GMT, ex
Published 12 Mar, 2015 12:00am
Sri Lankan shares fall

Sri Lankan shares fall

Sri Lankan stocks closed at a near five-week low on Wednesday, falling for an eighth consecutive session, as investor concerns over rising interest rates and political uncertainty weighed on sentiment. The main stock index lost 0.3 percent, or 19.86 point
Published 12 Mar, 2015 12:00am
India's BSE index hits one-month low; Hindalco plunges

India's BSE index hits one-month low; Hindalco plunges

India's benchmark BSE index fell to a one-month closing low on Wednesday, falling for the third straight session, as metal stocks such as Hindalco Industries plunged over an investigation into the allocation of coal blocks. The BSE index closed down 0.18
Published 12 Mar, 2015 12:00am
DAX hits record high as weak euro boosts European shares

DAX hits record high as weak euro boosts European shares

European shares bounced back on Wednesday from a sharp sell-off in the previous session, as a drop in the value of the euro lifted stocks in the region's exporters and sent the German market to a record high. Telecom Italia surged 7.7 percent, which trade
Published 12 Mar, 2015 12:00am
Australian shares erase hefty losses

Australian shares erase hefty losses

Australian shares clawed back hefty early losses on Wednesday as growing expectations of a second 2015 rate cut generated support even as resources stocks followed key commodity prices lower. After falling more than 1 percent at the start of trading, the
Published 12 Mar, 2015 12:00am
Southeast Asian markets: Thai index snaps losses

Southeast Asian markets: Thai index snaps losses

Thai shares snapped two days of losses on Wednesday after the central bank unexpectedly cut a policy interest rate to help lift the domestic economy while others in Southeast Asia fell amid worries about an earlier US interest rate hike. The Bank of Thail
Published 12 Mar, 2015 12:00am
Nikkei rises

Nikkei rises

Japanese share prices shook off a dismal performance on Wall Street the previous day to post gains on Wednesday, helped by buying of construction firms and other shares on hopes of recovery in the domestic economy. Machinery manufacturers were also helped
Published 12 Mar, 2015 12:00am
FTSE ends slightly higher as miners recover

FTSE ends slightly higher as miners recover

Britain's top share index ended slightly higher on Wednesday after commodity stocks recovered from falling sharply earlier in the session because of concerns about economic growth in China. The blue-chip FTSE 100 index closed 0.28 percent higher at 6,721.
Published 12 Mar, 2015 12:00am
Sri Lankan rupee steady

Sri Lankan rupee steady

The Sri Lankan rupee ended steady in thin trade on Wednesday, helped by moral suasion by the central bank, but the market expects rising interest rates to ease downward pressure on the local currency, dealers said. Dealers expect exporters to convert doll
Published 12 Mar, 2015 12:00am
Euro languishes at 12-year lows in Asia

Euro languishes at 12-year lows in Asia

The euro fell to a fresh 12-year low against the dollar on Wednesday, extending a broad decline after the European Central Bank kicked off its 1 trillion euro bond-buying programme this week. The ECB began printing money to buy sovereign bonds on Monday w
Published 12 Mar, 2015 12:00am
Euro dives under $1.06 for first time since 2003 in Europe

Euro dives under $1.06 for first time since 2003 in Europe

The battered euro took another plunge towards parity with the dollar on Wednesday, shedding over 1 percent to trade below $1.06 for the first time in 12 years as a 1.1 trillion euro bond-buying programme began to bite. The European Central Bank started bu
Published 12 Mar, 2015 12:00am
Early trade in New York: Euro slides further

Early trade in New York: Euro slides further

The euro extended its unrelenting fall on Wednesday, dropping 1 percent to below $1.06 for the first time in 12 years as the European Central Bank's 1.1 trillion bond-buying program hammered the region's bond yields to record negative levels. The single c
Published 12 Mar, 2015 12:00am
Dollar rallies to multiyear peaks versus euro, yen in New York

Dollar rallies to multiyear peaks versus euro, yen in New York

The US dollar hit a near 12-year peak against the euro and touched its highest level against the Japanese yen in nearly eight years on Tuesday, buoyed by the European Central Bank's bond-buying program as well as expectations for a mid-year Federal Reserv
Published 12 Mar, 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 Wednesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-8.00 percent (Previous 07.00-08.00 percent).
Published 12 Mar, 2015 12:00am
Rupiah leads Asia FX losses

Rupiah leads Asia FX losses

Indonesia's rupiah hit a fresh 17-year low on Wednesday, leading losses among emerging Asian currencies due to waning risk sentiment, while the Singapore dollar rose as the central bank was suspected of intervening. The rupiah fell to a new low, last seen
Published 12 Mar, 2015 12:00am
Egyptian pound steady on official market

Egyptian pound steady on official market

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday. The bank said it had offered $40 million and sold $38.4 million at a cut-off price of 7.5301 pounds per dollar, unchanged from its last auction, h
Published 12 Mar, 2015 12:00am
Sterling slips against dollar

Sterling slips against dollar

Sterling fell against a buoyant dollar on Wednesday after UK industrial data fell short of expectations, slightly dimming some of the optimism that recent robust data had generated about the British economy. Industrial output fell by a monthly 0.1 percent
Published 12 Mar, 2015 12:00am
Aussie dollar near six-year low

Aussie dollar near six-year low

The Australian and New Zealand dollars nursed deep losses on Wednesday as the US dollar outfought all contenders, while rising market volatility pushed investors to the safety of sovereign debt. Australian three-year bond futures jumped 7.5 ticks to 98.12
Published 12 Mar, 2015 12:00am
Arsenal, Everton, Stoke set for Singapore

Arsenal, Everton, Stoke set for Singapore

Arsenal, Everton and Stoke City will play the Asia Trophy held in Singapore for the first time this year as part of their Premier League pre-season, organisers said on Wednesday. The English clubs will be joined by a Singapore Select XI, comprised mainly
Published 12 Mar, 2015 12:00am
Aamir's comeback match delayed by rain

Aamir's comeback match delayed by rain

Pakistan pace bowler Mohammad Aamir's comeback from a spot fixing ban was postponed on Wednesday when heavy rain washed out the domestic match he was due to play in. Aamir had hoped to play for Omar Associates against the Army outfit in a non-first class
Published 12 Mar, 2015 12:00am
Younis Khan wants win over Ireland for Woolmer

Younis Khan wants win over Ireland for Woolmer

Pakistan's senior batsman Younis Khan wants to put on a big performance to beat Ireland in the World Cup on Sunday as a tribute to the national team's late coach Bob Woolmer. Former England international Woolmer died on March 18, 2007 in Kingston, Jamaica
Published 12 Mar, 2015 12:00am
Basement boys Bhutan begin World Cup adventure

Basement boys Bhutan begin World Cup adventure

The tiny Himalayan kingdom of Bhutan, officially the worst team in international football, begins its first ever World Cup qualifying campaign Thursday on the balmy shores of the Indian Ocean. Three years before football's elite do battle at the finals in
Published 12 Mar, 2015 12:00am
Flower urges Pakistan's top-order batsmen to step up

Flower urges Pakistan's top-order batsmen to step up

Pakistan's top order should show "more spine" if they are to progress in the World Cup, the team's batting coach Grant Flower said. The 1992 champions will play Ireland on Sunday in Pool B to decide a three-way battle for a spot in the quarter finals. Wes
Published 12 Mar, 2015 12:00am
Abdur Rahim Memorial T20 tourney starts

Abdur Rahim Memorial T20 tourney starts

The first Abdur Rahim Khan Memorial T20 Cricket Tournament has been started here at Gymkhana Ground of Bagh-e-Jinnah. As many as 70 famous clubs of Lahore are taking part in the event. The inaugural match was played between Rising Sun and Union Club. PTI
Published 12 Mar, 2015 12:00am
UAE take heart from South Africa stumble

UAE take heart from South Africa stumble

United Arab Emirates captain Mohammed Tauqir on Wednesday said South Africa's shock loss to Pakistan last week had given them a glimmer of hope as they prepare to face the Proteas. Tauqir joked before South Africa's 29-run defeat that the only way the UAE
Published 12 Mar, 2015 12:00am
Ronaldo in the record books as Real advance to last eight

Ronaldo in the record books as Real advance to last eight

European footballer of the Year Cristiano Ronaldo helped himself to one goalscoring record and equalled another as holders Real Madrid booked their place in the Champions League quarter-finals on Tuesday. Ronaldo is now the all-time leading goalscorer in
Published 12 Mar, 2015 12:00am
Patchy Proteas 'still best in World Cup', says de Villiers

Patchy Proteas 'still best in World Cup', says de Villiers

AB de Villiers insisted Wednesday that South Africa were re-energised and had shrugged off their inconsistent early form at the World Cup, boldly declaring "we're the best team in the tournament". The Proteas skipper was in a bullish mood ahead of South A
Published 12 Mar, 2015 12:00am
Scotland's Haq sent home for disciplinary breach

Scotland's Haq sent home for disciplinary breach

Scotland's most capped player and leading wicket-tacker Majid Haq has been sent home from the World Cup following a breach of discipline, Cricket Scotland said on Wednesday. No details have been released by the country's governing body but British media r
Published 12 Mar, 2015 12:00am
Record-breaking Sangakkara leads Sri Lanka rout of Scotland

Record-breaking Sangakkara leads Sri Lanka rout of Scotland

Kumar Sangakkara became the first batsman to score four consecutive one-day centuries as Sri Lanka thrashed Scotland by 148 runs in the World Cup in Hobart on Wednesday. The left-hander hit 124 off 95 balls and Tillakaratne Dilshan made 104 as the Islande
Published 12 Mar, 2015 12:00am
Cotton extends longest rout since 2013 on speculator selling

Cotton extends longest rout since 2013 on speculator selling

Cotton on ICE Futures US fell for a 10th straight session on Wednesday, extending its longest losing streak since November 2013 under pressure from speculator liquidation and weak demand in the cash market. The front-month May cotton contract on ICE hit a
Published 12 Mar, 2015 12:00am
Palm oil surges

Palm oil surges

Malaysian palm oil futures snapped a five-day losing streak on Wednesday as the ringgit slid to its weakest in six years, although gains were capped by palm's narrowing discount to rival soyoil. The Malaysian ringgit touched a low of 3.7170 per dollar on
Published 12 Mar, 2015 12:00am
Raw sugar turns up, cocoa down

Raw sugar turns up, cocoa down

Raw sugar futures on ICE turned higher after touching a six-year low on Wednesday, as the Brazilian currency steadied, while New York cocoa futures tumbled for the sixth straight session, falling in heavy volume on technical sell signals. Arabica coffee f
Published 12 Mar, 2015 12:00am
Soyabeans sag after monthly USDA report

Soyabeans sag after monthly USDA report

Chicago Board of Trade soyabean futures fell on Tuesday after the US Department of Agriculture surprised analysts by leaving its forecast of domestic soya inventories unchanged in a monthly report. A strong dollar hung over the commodities sector, pressur
Published 12 Mar, 2015 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures extended declines on Wednesday, but pared most of the 2.5 percent fall in early trade, supported by firm Shanghai futures. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia
Published 12 Mar, 2015 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded May copper contract on the Shanghai Futures Exchange slipped 1 percent to 42,080 yuan ($6,721) a tonne on Wednesday as a dollar rally paused and traders eyed supply concerns despite only small signs of improvement in Chinese demand, which
Published 12 Mar, 2015 12:00am
Copper hits two-week low on weak China data

Copper hits two-week low on weak China data

Copper hit a two-week low on Wednesday as the dollar touched multi-year highs and data from top consumer China disappointed, though losses were capped by a spate of recent mine outages. Data out overnight showed growth in China's investment, retail sales
Published 12 Mar, 2015 12:00am
Gold hits three-month low in New York

Gold hits three-month low in New York

Gold fell to a three-month low on Tuesday, pressured by the dollar's rise to its highest in nearly 12 years and renewed expectations of a midyear interest rate increase in the United States. Spot gold dropped to its lowest since December 1 at $1,155.60 an
Published 12 Mar, 2015 12:00am
Gold holds losses in Asia

Gold holds losses in Asia

Gold hovered near its lowest in over three months on Wednesday, hurt by consecutive losses in the last seven sessions as a robust dollar and expectations of higher US interest rates curbed appetite for the metal. Spot gold had ticked up slightly to $1,164
Published 12 Mar, 2015 12:00am
Gold tumbles in Europe

Gold tumbles in Europe

Gold fell 1.1 percent to its lowest in more than three months on Wednesday and looked set for an eighth straight losing session as a robust dollar and expectations of higher US rates curbed appetite for the metal. Spot gold reached its lowest since Decemb
Published 12 Mar, 2015 12:00am
US MIDDAY: wheat hits one-week high

US MIDDAY: wheat hits one-week high

US wheat futures rose 1.4 percent to a one-week high on Wednesday, extending four-day gains to around 4 percent, supported by short-covering and concern about dry weather in US growing regions. Corn and soyabeans also firmed, although renewed strength in
Published 12 Mar, 2015 12:00am
US MIDDAY: gold plunges

US MIDDAY: gold plunges

Gold fell more than 1 percent early on Wednesday, touching its lowest in more than three months in what looked to be an eighth straight losing session as a robust dollar and expectations of higher US interest rates curbed appetite for the metal. Spot gold
Published 12 Mar, 2015 12:00am
Brent up, US crude down, widening spread after stockpile build

Brent up, US crude down, widening spread after stockpile build

Benchmark Brent oil jumped 2 percent on Wednesday, rebounding from a one-month low and widening its gap to US crude, which closed slightly down after a new record high for oil inventories in the United States. It was the first positive close in Brent afte
Published 12 Mar, 2015 12:00am
British High Commissioner meets Nisar

British High Commissioner meets Nisar

British High Commissioner to Pakistan Philip Barton called on Federal Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan at Punjab House on Wednesday. Matters relating to Pak-UK bilateral relations, Interior Minister's recent visit to UK
Published 12 Mar, 2015 12:00am
South Asia: Maleeha urges UN chief to play role in promoting peace

South Asia: Maleeha urges UN chief to play role in promoting peace

Pakistan's new Ambassador to the United Nations Dr Maleeha Lodhi has urged UN Secretary General Ban Ki-Moon to play a role in promoting peace and stability in South Asia, after presenting her credentials to the world body chief here on Tuesday. In a meeti
Published 12 Mar, 2015 12:00am
Pakistani HR activist wins Commonwealth Youth Award

Pakistani HR activist wins Commonwealth Youth Award

Gulalai Ismail, a 28-year-old Pakistani human rights activist from Peshawar, has been awarded the 2015 Commonwealth Youth Award for Excellence in Development Work. Gulalai was chosen as the winner from the Asia region out of a shortlist of sixteen extraor
Published 12 Mar, 2015 12:00am
Japanese Prime Minister's visit to boost bilateral ties: Dar

Japanese Prime Minister's visit to boost bilateral ties: Dar

Finance Minister Ishaq Dar has said that Japanese Prime Minister Shinz? Abe's visit to Pakistan is eagerly awaited which would not only boost bilateral ties but also further strengthen Pak-Japan economic partnership. He was talking to Kazuyuki Nakane, the
Published 12 Mar, 2015 12:00am
HRCP concerned over resumption of executions

HRCP concerned over resumption of executions

The Human Rights Commission of Pakistan (HRCP) has expressed grave concern over recent actions by the authorities aimed at resuming executions for all death penalty offences. In a statement issued here on Wednesday, the Commission said: "HRCP must express
Published 12 Mar, 2015 12:00am
PTA asked to facilitate consumers by charging lowest rate

PTA asked to facilitate consumers by charging lowest rate

National Assembly Standing Committee on Cabinet has directed Pakistan Telecommunication Authority (PTA) to facilitate the public by charging lowest rate and controlling the wrong incoming calls. The committee also directed the National Electric Power Regu
Published 12 Mar, 2015 12:00am
KP IGP inquires after health of injured officials

KP IGP inquires after health of injured officials

Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani Wednesday visited Lady Reading Hospital Peshawar where he inquired after the health of injured DSP, SHO and Inspector who got injuries in a police encounter took place with the milita
Published 12 Mar, 2015 12:00am
Sociopolitical issues highlighted at Degree Show 2014 in SU

Sociopolitical issues highlighted at Degree Show 2014 in SU

The students of Institute of Art & Design (IAD), University of Sindh Jamshoro portrayed new horizons of thought and novel ideas in amazing colours and forms amid an air of festivity at the institution's Degree Show 2014 that opened here on Wednesday. Stud
Published 12 Mar, 2015 12:00am
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