The December vaida drifted lower on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The December vaida closed at Rs 1303.80, it however, shed 30 paisa at Rs 1303.50 in the early session, dealers said.

Easier trend was witnessed on the cotton market on Monday as prices of fine types continued fall in the process of trading, dealers said. The official spot rate was unchanged at Rs 4,600, dealers said. Seed cotton prices in Sindh were lower at Rs 2300 and

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,752 million. The number of lots traded was 11.36 million. PMEX Commodity Index closed at 2,495 level. Major business was contributed by gold amounting to PKR 3,669 million followed

US natural gas futures fell in modest trade on Friday on short-term forecasts for milder weather. Front-month gas futures on the New York Mercantile Exchange fell 2.9 percent to close at $2.676 per million British thermal units, maintaining early-day loss

US crop processors and rail markets dropped their corn and soyabean basis bids on Friday ahead of the autumn harvests, grain merchants said. A processor in Decatur, Illinois, reduced its soyabean bid by 10 cents from Thursday, bringing the bid down by a t

India's gold demand might reach 950 tonnes this year as lower prices spur buying during the peak festival season and for weddings, the world's biggest gold refiner, Valcambi, said. Stronger demand in the world's second-biggest gold consumer could support

China's imports of corn and corn substitutes, including barley, sorghum and distillers' grain (DDGS) hit a record high in July as feed mills took advantage of cheap overseas prices to replace expensive domestic grain. The aggressive purchases have prompte

The Karachi Port handled 309,536 tonnes of cargo comprising 261,192 tonnes of import cargo and 48,344 tonnes of export cargo including 6,543 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 261

Russian gasoline and gas oil exports fell 28.5 percent and 3.6 percent, respectively, in July from June, while shipments of fuel oil were up by 2.2 percent, Energy Ministry data and Reuters calculations showed. Russian domestic supplies of gasoline were d

A global scheme meant to keep atmospheric greenhouse gas (GHG) levels in check instead caused some 600 million tonnes of excess emissions, researchers said Monday. They blamed a loophole in the Kyoto Protocol's Joint Implementation (JI) mechanism which al

A Charles Schwab Corp unit has agreed to a $2 million civil fine for three instances in which it failed to keep sufficient cash on hand, Wall Street's industry-funded watchdog said on Monday. The Financial Industry Regulatory Authority (FINRA) also censur

France and Germany on Monday shrugged off a rout in world markets over China's slowing growth, with French President Francois Hollande saying that the global economy was "strong enough" to withstand any such downturn. "The world economy is strong enough t

Unions representing London's Underground staff on Monday called off two 24-hour strikes planned for this week, which threatened more chaos for commuters already hit by walkouts over plans for night services. Three unions - the Rail, Maritime and Transport

Daimler said it was cutting another 1,500 jobs at a trucks plant in Brazil in response to a slump in demand in the country. The affected employees at the Sao Bernardo do Campo factory near Sao Paolo were notified on Friday, a spokesman for Daimler said on

The White House on Monday expanded its push for greater renewable energy adoption, announcing fresh financial incentives for solar panels, smart grid technology and other alternative energies for homeowners and builders. President Barack Obama will travel

German workers top the European Union in time off with an average of 30 days of paid leave plus 10 days of public holidays per year, the IW institute said on Monday. In a study for the Bavarian employers association, the Institut der deutschen Wirtschaft

Microsoft said Monday its Cortana virtual assistant software was available to users of Android mobile devices. Cortana is Microsoft's answer to Apple's Siri and Google Now, which respond to voice commands on mobile devices. The launch is part of an effort

Apple is still seeing "strong growth" in China despite fears about an economic slowdown which have sparked a global market rout, chief executive Tim Cook said Monday. Cook responded to a query from CNBC about the sharp drop in Apple shares amid the market

Indonesia has extended its tax incentives for "pioneering" industries such as oil refinery and infrastructure to help attract more investment into the country as economic growth has slowed to its weakest in six years. Indonesia is now offering a tax reduc

Indonesia has extended its tax incentives for "pioneering" industries such as oil refinery and infrastructure to help attract more investment into the country as economic growth has slowed to its weakest in six years. Indonesia is now offering a tax reduc

Malaysia's international reserves have dropped again, a slide that's beginning to worry some economists and investors as the ringgit continues to weaken. Currency reserves fell to $94.5 billion as of August 14, Bank Negara Malaysia (BNM) said on Friday, f

De Beers, the world's biggest diamond producer, has lowered prices by as much as nine percent to boost sales, Bloomberg News said Monday quoting three unnamed sources. The move came amid a wider commodities slump, with global stock markets plunging over f

US power producer Southern Co said it would buy AGL Resources Inc for about $8 billion in cash to build out its natural gas infrastructure and lower its dependence on power generation. The combined company will operate about 200,000 miles of electric line

Benchmark cotton futures on ICE Futures US fell to their lowest levels in 1-1/2 weeks on Monday in their sharpest selloff in over a year as a collapse in China's stock markets triggered sell-offs across global equities and commodities markets. This prompt

Shanghai Futures Exchange copper finished 1.9 percent lower at 38,280 yuan a tonne on Monday over slowing economic growth in China, the world's top consumer of industrial metals. Activity in China's factory sector shrank at its fastest pace in almost 6-1/

Copper prices tumbled to six-year lows on Monday alongside Shanghai equities on growing nervousness about economic activity and demand prospects in top industrial metals consumer China. Benchmark copper on the London Metal Exchange earlier fell nearly 4 p

Oil's weeks-long slump accelerated sharply on Monday with prices tumbling more than 5 percent to fresh 6-1/2-year lows as a renewed dive in the Chinese equities market sent global financial markets into a tailspin. A near 9-percent tumble in China shares

Germany has initiated a move to stop the growing of genetically modified crops under new European Union rules, documents seen by Reuters showed on Monday. German Agriculture Minister Christian Schmidt has informed German state governments of his intention

The following were Monday's Rotterdam vegetable oil prices at 1600 GMT:

The following were Monday's Rotterdam vegetable oil prices at 1600 GMT:

Benchmark Tokyo rubber futures hit their lowest in over 10-1/2 months on Monday, dragged down by a sharp dive in Shanghai futures and other commodities, a rising Japanese yen against the dollar, and lower Japanese equities. Tokyo Commodity Exchange (TOCOM

Malaysian palm oil futures extended earlier losses to fall more than 4 percent on Monday as the tropical oil tracked other global markets lower on concerns about the Chinese economy. At the close, the benchmark palm oil contract for November on the Bursa

Raw sugar futures slumped to a seven-year low and arabica coffee slid 4 percent to its weakest level in more than 1-1/2 years on Monday, as concern about a China-led economic slowdown prompted broad-based losses in commodity markets. Cocoa futures initial

Gold edged down, but stayed close to its highest level in almost seven weeks on Monday as worries over a slowing Chinese economy pushed investors away from risky assets and into those deemed as safe haven. Asian equities tumbled to three-year lows, the US

Gold edged higher on Monday to trade near a seven-week top as the dollar and shares tumbled on concerns about the Chinese economy and uncertainty over the timing of a US rate rise. The metal was initially dragged lower by heavy losses in the rest of the c

The European Union's crop-monitoring service on Monday cut its yield forecast for this year's EU grain maize harvest for a second straight month, after hot, dry weather stressed crops in major producing countries. The MARS service projected the average gr

US soyabean futures pared losses and briefly traded higher early on Monday after dropping to six-year lows as concerns about the faltering economy in top-importer China fuelled deep sell-offs in commodities and equities. Farm markets rebounded as US stock

India will raise about 93.79 billion rupees ($1.4 billion) from selling a stake in state-run refiner and fuel retailer Indian Oil Corp, the government said on Monday, even as a global stock market rout raised concerns about future offerings. New Delhi is

Saudi Arabia's stock market plunged 5.9 percent on Monday, leading another day of losses across the Middle East as the region reacted to sliding oil prices and a deteriorating global environment. "Markets in the Gulf are changing their expectations and lo

Indian shares slumped nearly 6 percent on Monday, posting their biggest daily falls since January 2009 as steep falls in Chinese equities sparked widespread unrest in global markets. The rupee also fell, hitting its weakest since early September 2013, and

US stocks staged a stunning recovery off their lows on Monday, helped by a sharp turnaround in Apple's shares, but were still down about 2 percent in afternoon trading. The Dow Jones industrial average briefly slumped more than 1,000 points, its biggest p

Australia's benchmark share index suffered its biggest percentage drop in 6-1/2 years on Monday, led by a global rout on concerns about a China-led global economic slowdown. The S&P/ASX 200 index tumbled 4.09 percent, or 213.3 points to 5,001.3 at the clo

Southeast Asian stock markets plunged to fresh lows on Monday on concerns over China's economy and selloffs in global equities. Alarm bells rang across world markets as a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commoditie

South African stocks tanked on Monday as a near 9-percent dive in Chinese shares and a sharp drop in the dollar and major commodities sent investors scrambling. Losses showed across the board, as big resource stocks such as Kumba Iron Ore leading the way

Japanese stocks posted their biggest fall in more than two years on Monday, with the Nikkei average sinking to a 6-month low on fears of a China-led global economic slump. The Nikkei share average dropped 4.6 percent to 18,540.68, falling below its 200-da

European stocks plunged on Monday after a rout in Chinese markets, wiping hundreds of billions of euros off their value and sending one benchmark index to a seven-month low. Stock markets in Frankfurt and Paris fell 4.7 and 5.4 percent respectively. Athen

Taiwan stocks fell 4.8 percent to a near 3-year low on Monday, but the main index trimmed steeper losses suffered in morning trade after Taiwan said it is "aggressively evaluating" the possibility for a large government fund to buy local equities. Vice fi

Hong Kong stocks fell for the seventh day in a row, with key indexes slumping more than 5 percent on Monday amid global market turbulence and deepening worries about the Chinese economy. The Hang Seng index fell 5.2 percent, to 21,251.57, while the China

Britain's top share index slumped to its lowest level in almost three years on Monday, with all stocks but one in the red and miners leading the slide on growing fears of a China-led global economic slowdown. Alarm bells rang across world markets after a

Chinese stocks plunged more than 8 percent on Monday in panic selling, with flagship indexes smashing key support levels and posting their biggest one-day percentage losses since the height of the global financial crisis in 2007. The latest tumble, which

Russia's rouble fell sharply on Monday, setting a new 2015 low against the euro and approaching another against the dollar as it reacted to a plunge in Chinese markets that spooked investors world-wide and sent oil prices to new multi-year lows. There wer

The euro hit a 6 1/2-month high and the yen hit a 1 1/2-month high against the dollar on Monday as investors dumped risk assets and flocked to currencies often seen as safe havens on fears about a slowdown in the Chinese economy. The Australian dollar tan

The euro and yen climbed to a seventh-month peak against the dollar on Monday as investors, worried about the slowdown in China, reversed riskier bets in so-called "carry trades" and bought back the low-interest rate currencies used to fund those assets.

The euro hit a 6 1/2-month high and the yen reached a three-month peak against the dollar on Monday as investors dumped riskier assets and flocked to currencies seen as safe havens on fears about a slowdown in the Chinese and global economies. The dollar

Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.30-06.50 percent).

Emerging Asian currencies fell to their lowest in years on Monday as a rout in Chinese stocks accelerated a flight from risky assets on intensifying fears of slowing global growth. The Malaysian ringgit hit a fresh pre-peg 17-year trough after Switzerland

The Sri Lankan rupee ended weaker on Monday for the second straight session after a state-run bank, through which the central bank usually directs the market, raised the currency's peg against the dollar by 10 cents, allowing the exchange rate to deprecia

China's yuan weakened against the dollar on Monday, pulled down by a collapsing stock market, but losses were capped by a stable central bank midpoint, traders said. China's major stock indexes tumbled more than 8 percent on Monday morning, with traders s

Sterling hit a one-month low against a basket of currencies on Monday and suffered its most volatile day against the euro for six years after a plunge in global stocks cooled expectations that the Bank of England will lift interest rates any time soon. An

The Australian and New Zealand dollars dropped to two-year lows against the yen as worries about the Chinese economy sent investors rushing to safe haven assets. Worries about a slowing Chinese economy flared up on Friday after a survey showed a further d

Serena Williams continued to work her way up the list of WTA tennis legends, winning her 69th career title with a straight-set win over Simona Halep at the WTA Cincinnati tournament. The world number one claimed her second straight Cincinnati trophy and m

President International Cricket Council Zaheer Abbas on Monday said that use of pink cricket ball was actively under consideration and hopefully it will be used in cricket matches. Talking to Business Recorder at Sialkot Chamber of Commerce and Ind

Sri Lanka's Kumar Sangakkara said a tearful farewell to international cricket Monday and was immediately offered the post of the island's top envoy in Britain, where he plays county cricket. Several thousand cheering fans, many of them schoolchildren wavi

Off-spinner Ravichandran Ashwin caused a dramatic Sri Lanka collapse as India completed a crushing 278-run victory in the second Test in Colombo on Monday to level the three-match series. Ashwin grabbed five for 42 as Sri Lanka, set an improbable victory

Zaheer Abbas, the president of cricket's governing body, said Monday his organisation could not intervene to revive regular matches between India and Pakistan after the two countries cancelled high-level talks last weekend. The arch-rivals were tentativel

England have rested Ashes-winner Joe Root, with the star batsman left out of the squads for both the upcoming lone Twenty20 international and five one-day internationals against Australia announced Monday. Root, the Ashes player of the series after his 46

As many pundits and cricket lovers bemoaned the speed of an Ashes series completed in just 18 days, England found themselves fined on Monday for a slow over-rate in the fifth and final Test at The Oval. International Cricket Council match referee Jeff Cro

Australia's tennis badboy Nick Kyrgios was on Monday handed a suspended ban and fine by the ATP for his lurid verbal attack on Stan Wawrinka at the Rogers Cup in Montreal. In a statement the ATP found 20-year-old Kyrgios guilty of "aggravated behaviour" a

Punjab Chief Minister Shehbaz Sharif has said his government will benefit from the experience and skill of British boxer Amir Khan to promote boxing in the Punjab as Pakistani boxers need modern training. He told a meeting with Pakistani expatriate Britis

Former Prime Minister of Azad Jammu and Kashmir, Barrister Sultan Mehmood Chaudhry has announced to hold a 'million march' in front of the United Nations' building on October 25, demanding the international community's due role in resolving Kashmir issue

Khyber Pakhtunkhwa governor Sardar Mahtab Ahmad Khan on Monday has said that the prosperity of Pakistan and peace of the whole region is linked with the sustainable peace and stability in Federal Administered Tribal areas.

Federal Lodges and other government hostels have been occupied by private people while no space is available for the government officials in the hostels, who are visiting the federal capital on official assignments. This was revealed in the National Assem

The Federal Board of Revenue (FBR) is examining a proposed scheme to legalize undisclosed assets on nominal payment of 3 percent or more by traders. Sources told Business Recorder on Monday that the scheme is under consideration; however the percen

Two Pakistani Mathematicians Dr SM Yusuf and Professor Dr Bashir Ahmad Saleemi awarded gold medals in concluding session of three day International Pure Mathematics Conference (IPMC) held at Islamabad. The conference was jointly organised by the Islamia U

The first edition of Pakistan Show Houston, USA completed successfully yesterday under the aegis of Rawalpindi Chamber of Commerce and Industry (RCCI). Mere words have no wounds and RCCI adopt that policy by taking a constructive step to arrange the exhib

Scientists have taken a major step towards creating a vaccine that works against multiple strains of influenza, according to two studies published Monday in top journals. A "universal vaccine" is the holy grail of immunisation efforts against the flu, a s

Turkish President Recep Tayyip Erdogan was on Monday expected to call snap polls likely to be held on November 1 after efforts to form a coalition government failed. Erdogan was meeting with parliament speaker Ismet Yilmaz at his presidential palace to ma

Nigerian President Muhammadu Buhari announced an investigation Monday into the procurement of weapons and equipment for the military over the past eight years, as part of a crackdown on corruption. His spokesman Femi Adesina said in a statement national s

US forces are back helping Afghan troops repel Taliban insurgents from the strategic opium-growing town of Musa Qala in Helmand province, where in 2007 British and US soldiers waged one of the emblematic battles of the war. US aircraft carried out three s

The final death toll from a jet crash at a British airshow could rise to 20 but the lifting of the plane has revealed no evidence of further victims, police said Monday. Eleven people are so far thought to have been killed in the crash on Saturday, when a

International sanctions on Iran could start to be lifted as early as spring next year, Britain's foreign minister said on Monday, as Tehran and the West rebuild their ties and potentially open up billions of dollars of trade deals. Six world powers agreed

Without Britain, there is no European Union, Finland's finance minister said on Monday in a boost for his British counterpart George Osborne as he toured Scandinavia to drum up support for London's push to reform the 28-nation bloc. Prime Minister David C

President Francois Hollande on Monday bestowed France's highest honour on a group of Americans and a Briton who overpowered a Moroccan gunman on a crowded train, saying the whole world "admires their courage and cool composure". Anti-terror investigators

At least eight people were killed and two more missing on Monday in flooding in Turkey's northeastern Black Sea province of Artvin, officials said. Artvin governor Kemal Cirit was quoted as saying by the DHA news agency that at least three of those deaths

Iran-backed rebels in Yemen fired rockets into a residential district of Taez, killing 14 civilians, mostly women and children, officials said Monday, as battles raged for control of the key city. The bodies of those killed, including seven women and four

A strike by teachers and personnel in Gaza kept more than 200,000 children from returning to school for the new term Monday, as the UN agency that employs them struggles financially. Several thousand teachers, assistants and administrative personnel prote

Two possible suicides may be linked to the hacking of adultery website Ashley Madison and the release of its membership data, Canadian police said Monday. "As of this morning we have two unconfirmed reports of suicides associated to the leak of Ashley Mad

President Reuven Rivlin said during talks with settler leaders on Monday that Israel had a "right" to build settlements in the occupied West Bank, his office said in a statement. "I love the land of Israel with all my heart. I have never and will never gi

North and South Korea wrapped up marathon talks Tuesday with an agreement aimed at defusing a crisis that had pushed the two rivals to the brink of armed conflict. The South's lead negotiator, National Security Adviser Kim Kwan-Jin, said the North had agr

Chancellor Angela Merkel and French President Francois Hollande called Monday for a unified response to Europe's biggest migrant crisis since World War II, as the German leader condemned "vile" protests against refugees. "We must put in place a unified sy

The Islamic State group has blown up a famed temple in Syria's ancient Palmyra, in an act the UN condemned as a war crime and an "immense loss" for humanity. The destruction of the Baal Shamin temple, considered the second-most significant in ancient Palm

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani has said that establishment of Police Reporting Room depicts the real changes in thinking, behaviour and priorities of police. This he said while presenting welcome address during

A big plunge in textile exports drew a strong criticism against the PML-N government, as the industrialists on Monday called it an 'indifferent' rule to the national economy. Pakistan suffered a 16.90 percent fall in the overall exports and 12 percent in

The Departmental Promotion Examinations of different categories in the Water and Power Development and the Pakistan Electric Power Company for promotions in BPS 17, 18 and 19, scheduled to be held between August 25 and 27 have been postponed. The examinat

Prime Minister Nawaz Sharif will embark on a two-day official visit to Republic of Kazakhstan today (Tuesday) to hold talks with leadership of Kazakhstan on bilateral relations as well as regional and international issues of mutual interest. According to

Two people including a woman were killed and 20 others sustained injuries when a passenger bus over turned at Indus Highway here on Monday morning. According to police sources, the passenger bus was on its way when it over turned due to over speeding, kil

Habib Metropolitan Bank posted a profit-before tax of Rs 7.6 billion for the first half of 2015, registering a year-on-year profitability boost of 147 percent. The Bank achieved broad-based organic growth, with its low cost resource mobilisation, shift in

Habib Metropolitan Bank posted a profit-before tax of Rs 7.6 billion for the first half of 2015, registering a year-on-year profitability boost of 147 percent. The Bank achieved broad-based organic growth, with its low cost resource mobilisation, shift in

The government has reportedly shifted load shedding burden to rural areas to show Islamabad residents that there is no unscheduled load shedding in the country. Informed sources told Business Recorder that the shortfall on Monday was around 5000 MW

Commander UK Land Forces Lieutenant General James Rupert Everard visited the General Headquarters and called on Chief of Army Staff (CoAS) General Raheel Sharif here on Monday. According to a press release issued by Inter-Services Public Relations (ISPR),