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Print - 2016-02-21
AJK chief secretary rejects PTI leader's allegations

AJK chief secretary rejects PTI leader's allegations

Chief Secretary Azad Jammu and Kashmir (AJK) Sikandar Sultan Raja on Saturday categorically rejected the allegations levelled against him by Pakistan Tehreek-e-Insaf (PTI) leader Barrister Sultan Mehmood that he was hand-picked by the federal government t
Published 21 Feb, 2016 12:00am
MQM demands removal of governor Sindh

MQM demands removal of governor Sindh

Muttahida Qaumi Movement (MQM) on Saturday has re-introduced its demand to sack present Governor Sindh Dr Ishratul Ibad and urged Pakistan Peoples Party (PPP) to endorse its stance. Dr Ishratul Ibad, from December 2002 to present, is the longest serving g
Published 21 Feb, 2016 12:00am
CM's House issues clarification

CM's House issues clarification

Chief Minister's House has clarified on Saturday that Sindh government is keen to provide job opportunities to the unemployed youth on merit but that can be done only after lifting of the ban on fresh recruitment. A statement issued from CM House said tha
Published 21 Feb, 2016 12:00am
Militant killed in Dera Bugti

Militant killed in Dera Bugti

Frontier Corps shot dead an alleged militant and destroyed five hideouts recovering improvised explosive devices, a vehicle and a motorbike in Jabdar area of Dera Bugti district. According to FC spokesman, acting on a tipoff, FC personnel carried out a se
Published 21 Feb, 2016 12:00am
Energy woes

Energy woes

Apropos editorial "Energy squabbles" carried by Business Recorder on February 19, highlighted, once again, how dangerously miscalculated are our objectives to meet the energy challenges to ensure both availability and affordability!
Published 21 Feb, 2016 12:00am
Polluted economy

Polluted economy

There is no doubt that Pakistan would have to be environmental standards-compliant if it wants to have a healthy nation and desires to do business with the rest of the world. It would have to look more vigorously into all environment-related issues rangin
Published 21 Feb, 2016 12:00am
Our housing crisis - III

Our housing crisis - III

India: Demographic trends suggest that India is on the verge of large scale urbanisation. With more than one hundred million being added to it, India's urban population is expected to reach 810 million by 2050. Housing will play a central role in t
Published 21 Feb, 2016 12:00am
At long last Islamabad gets its mayor

At long last Islamabad gets its mayor

Nearly half a century after its birth the nation's Capital will be governed by its own elected representatives - if 'governed' also means sharing municipal powers with deeply entrenched and fiercely resistant power-addicted bureaucracy. A friend of the pr
Published 21 Feb, 2016 12:00am
Are we on a warpath?

Are we on a warpath?

No one expected the anti-Islamic State coalition's meeting in Munich last Friday to be a game changer in the Syrian imbroglio, but it did surprise quite a few when it succeeded in clinching a plan that there should be ceasefire effective from the coming w
Published 21 Feb, 2016 12:00am
Ghazi murder case: Non-bailable arrest warrants issued for Musharraf

Ghazi murder case: Non-bailable arrest warrants issued for Musharraf

The sessions court on Saturday, while rejecting the plea of former president Pervez Musharraf seeking permanent exemption from appearing before the court, issued his non-bailable warrants in connection with the murder case of Lal Masjid cleric Abdul Rashi
Published 21 Feb, 2016 12:00am
Ghazi murder case: Non-bailable arrest warrants issued for Musharraf

Ghazi murder case: Non-bailable arrest warrants issued for Musharraf

The sessions court on Saturday, while rejecting the plea of former president Pervez Musharraf seeking permanent exemption from appearing before the court, issued his non-bailable warrants in connection with the murder case of Lal Masjid cleric Abdul Rashi
Published 21 Feb, 2016 12:00am
Musharraf praises NAB, urges government to let it work freely

Musharraf praises NAB, urges government to let it work freely

Former President Pervez Musharraf has said that National Accountability Bureau (NAB) has now become a mature institution and the federal government should not intervene in the operational mechanisms of the bureau. He was responding to queries of newsmen o
Published 21 Feb, 2016 12:00am
Musharraf praises NAB, urges government to let it work freely

Musharraf praises NAB, urges government to let it work freely

Former President Pervez Musharraf has said that National Accountability Bureau (NAB) has now become a mature institution and the federal government should not intervene in the operational mechanisms of the bureau. He was responding to queries of newsmen o
Published 21 Feb, 2016 12:00am
US air strike on Libya kills two abducted Serbians

US air strike on Libya kills two abducted Serbians

A US air strike believed to have killed an Islamic State group operative behind the mass murder of tourists on a Tunisian beach also killed two kidnapped Serbian embassy employees, Belgrade said on Saturday. The attack on Friday targeted a jihadist traini
Published 21 Feb, 2016 12:00am
US air strike on Libya kills two abducted Serbians

US air strike on Libya kills two abducted Serbians

A US air strike believed to have killed an Islamic State group operative behind the mass murder of tourists on a Tunisian beach also killed two kidnapped Serbian embassy employees, Belgrade said on Saturday. The attack on Friday targeted a jihadist traini
Published 21 Feb, 2016 12:00am
Taliban blow up girls' school in South Waziristan

Taliban blow up girls' school in South Waziristan

Militants said Saturday they had blown up a girls' school in South Waziristan, the latest in a string of attacks on educational institutions. There were no casualties, but the bomb destroyed three out of five classrooms of the government girls' primary sc
Published 21 Feb, 2016 12:00am
Taliban blow up girls' school in South Waziristan

Taliban blow up girls' school in South Waziristan

Militants said Saturday they had blown up a girls' school in South Waziristan, the latest in a string of attacks on educational institutions. There were no casualties, but the bomb destroyed three out of five classrooms of the government girls' primary sc
Published 21 Feb, 2016 12:00am
White House race moves to South Carolina, Nevada

White House race moves to South Carolina, Nevada

The race to the White House entered its third round Saturday, with Republicans voting in their first southern primary in South Carolina and Democrats choosing between Hillary Clinton and Bernie Sanders in Nevada. Voters streamed to the polls in South Caro
Published 21 Feb, 2016 12:00am
White House race moves to South Carolina, Nevada

White House race moves to South Carolina, Nevada

The race to the White House entered its third round Saturday, with Republicans voting in their first southern primary in South Carolina and Democrats choosing between Hillary Clinton and Bernie Sanders in Nevada. Voters streamed to the polls in South Caro
Published 21 Feb, 2016 12:00am
Six officials of China''s ICBC bank held in Spain for money laundering

Six officials of China''s ICBC bank held in Spain for money laundering

Six officials of Chinese mega bank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said on Saturday. They were detained overnight and while three of them can be freed if they
Published 21 Feb, 2016 12:00am
Six officials of China's ICBC bank held in Spain for money laundering

Six officials of China's ICBC bank held in Spain for money laundering

Six officials of Chinese mega bank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said on Saturday. They were detained overnight and while three of them can be freed if they
Published 21 Feb, 2016 12:00am
Six officials of China's ICBC bank held in Spain for money laundering

Six officials of China's ICBC bank held in Spain for money laundering

Six officials of Chinese mega bank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said on Saturday. They were detained overnight and while three of them can be freed if they
Published 21 Feb, 2016 12:00am
Nawaz to attend OIC summit in Turkey

Nawaz to attend OIC summit in Turkey

Prime Minister Nawaz Sharif will represent Pakistan in the 13th Islamic summit of Organisation of Islamic Co-operation (OIC) scheduled for April 10-15, 2016 in Istanbul, Turkey, it is leant. The Prime Minister, according to diplomatic sources, will partic
Published 21 Feb, 2016 12:00am
Nawaz to attend OIC summit in Turkey

Nawaz to attend OIC summit in Turkey

Prime Minister Nawaz Sharif will represent Pakistan in the 13th Islamic summit of Organisation of Islamic Co-operation (OIC) scheduled for April 10-15, 2016 in Istanbul, Turkey, it is leant. The Prime Minister, according to diplomatic sources, will partic
Published 21 Feb, 2016 12:00am
United win, face Zalmi in last playoff

United win, face Zalmi in last playoff

Islamabad United toppled Karachi Kings by nine wickets in the second playoff of Pakistan Super League (PSL) at the Dubai International Cricket Stadium on Saturday. They will now face Peshawar Zalmi in 3rd Qualifying Final today (Sunday). Credit for an eas
Published 21 Feb, 2016 12:00am
United win, face Zalmi in last playoff

United win, face Zalmi in last playoff

Islamabad United toppled Karachi Kings by nine wickets in the second playoff of Pakistan Super League (PSL) at the Dubai International Cricket Stadium on Saturday. They will now face Peshawar Zalmi in 3rd Qualifying Final today (Sunday). Credit for an eas
Published 21 Feb, 2016 12:00am
NAB chairman appreciates Lahore bureau's performance

NAB chairman appreciates Lahore bureau's performance

Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry has lauded the outstanding performance of the Lahore Bureau under the supervision of its DG Major Syed Burhan Ali (Retd) with an Operational Efficiency Index (OEI) of 89.24 percent and sai
Published 21 Feb, 2016 12:00am
Pakistan Airways registered with SECP
Exchange

Pakistan Airways registered with SECP

Pakistan Airways has been registered with Securities and Exchange Commission of Pakistan (SECP). Aaj News quoted Pakistan International Airline''''s spokesman as saying that Pakistan Airways was registered as a subsidiary of national airline. Spoke
Published 21 Feb, 2016 12:00am
Pakistan Airways registered with SECP
Exchange

Pakistan Airways registered with SECP

Pakistan Airways has been registered with Securities and Exchange Commission of Pakistan (SECP). Aaj News quoted Pakistan International Airline''s spokesman as saying that Pakistan Airways was registered as a subsidiary of national airline. Spokesm
Published 21 Feb, 2016 12:00am
Pakistan Airways registered with SECP
Exchange

Pakistan Airways registered with SECP

Pakistan Airways has been registered with Securities and Exchange Commission of Pakistan (SECP). Aaj News quoted Pakistan International Airline's spokesman as saying that Pakistan Airways was registered as a subsidiary of national airline. Spokesma
Published 21 Feb, 2016 12:00am
Pakistan Airways registered with SECP
Exchange

Pakistan Airways registered with SECP

Pakistan Airways has been registered with Securities and Exchange Commission of Pakistan (SECP). Aaj News quoted Pakistan International Airline's spokesman as saying that Pakistan Airways was registered as a subsidiary of national airline. Spokesma
Published 21 Feb, 2016 12:00am
Asim ready to face references: hospital

Asim ready to face references: hospital

Dr Asim Hussain, Former Federal Minister, has done nothing wrong and is ready to face the references that the Executive Board of the National Accountability Bureau has prepared against him. "Though the allegations are baseless but he has been co-operating
Published 21 Feb, 2016 12:00am
Asim ready to face references: hospital

Asim ready to face references: hospital

Dr Asim Hussain, Former Federal Minister, has done nothing wrong and is ready to face the references that the Executive Board of the National Accountability Bureau has prepared against him. "Though the allegations are baseless but he has been co-operating
Published 21 Feb, 2016 12:00am
3G/4G auction uncertainty hurts revenue prospects

3G/4G auction uncertainty hurts revenue prospects

The government could face Rs 65 billion shortfall in the budgeted non-tax revenue for the current fiscal year 2015-16 as the auction for 3G/4G spectrum is unlikely to materialise, it was learnt. Fearing poor response from the market, the government has li
Published 21 Feb, 2016 12:00am
3G/4G auction uncertainty hurts revenue prospects

3G/4G auction uncertainty hurts revenue prospects

The government could face Rs 65 billion shortfall in the budgeted non-tax revenue for the current fiscal year 2015-16 as the auction for 3G/4G spectrum is unlikely to materialise, it was learnt. Fearing poor response from the market, the government has li
Published 21 Feb, 2016 12:00am
3G/4G auction uncertainty hurts revenue prospects

3G/4G auction uncertainty hurts revenue prospects

The government could face Rs 65 billion shortfall in the budgeted non-tax revenue for the current fiscal year 2015-16 as the auction for 3G/4G spectrum is unlikely to materialise, it was learnt. Fearing poor response from the market, the government has li
Published 21 Feb, 2016 12:00am
Key voices in Britain's debate

Key voices in Britain's debate

The campaign for Britain to leave or stay part of the European Union is already in full swing ahead of a membership referendum planned for June 23. Here are some of the key players in the debate:
Published 21 Feb, 2016 12:00am
Key voices in Britain's debate

Key voices in Britain's debate

The campaign for Britain to leave or stay part of the European Union is already in full swing ahead of a membership referendum planned for June 23. Here are some of the key players in the debate:
Published 21 Feb, 2016 12:00am
June date set for Britain's historic EU referendum

June date set for Britain's historic EU referendum

Britain will vote on its membership of the European Union on June 23, Prime Minister David Cameron said Saturday as he began the daunting challenge of persuading the country to stay in. He announced the date for the referendum after a two-hour cabinet mee
Published 21 Feb, 2016 12:00am
June date set for Britain's historic EU referendum

June date set for Britain's historic EU referendum

Britain will vote on its membership of the European Union on June 23, Prime Minister David Cameron said Saturday as he began the daunting challenge of persuading the country to stay in. He announced the date for the referendum after a two-hour cabinet mee
Published 21 Feb, 2016 12:00am
Thousands protest against austerity ahead of Irish vote

Thousands protest against austerity ahead of Irish vote

Thousands marched through Dublin on Saturday to call for an end to austerity, as Ireland prepares to vote in parliamentary elections. The "Right2Change" protest brought together a range of anti-austerity groups under the banner of opposing controversial w
Published 21 Feb, 2016 12:00am
China removes stocks regulator head after market woes
Currency

China removes stocks regulator head after market woes

China has removed the head of its securities regulator following a turbulent period in the country''s stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the
Published 21 Feb, 2016 12:00am
China removes stocks regulator head after market woes
Currency

China removes stocks regulator head after market woes

China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the
Published 21 Feb, 2016 12:00am
China removes stocks regulator head after market woes
Currency

China removes stocks regulator head after market woes

China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the
Published 21 Feb, 2016 12:00am
Offer was for Zardari: interior ministry

Offer was for Zardari: interior ministry

Spokesman for Interior Ministry has clarified that federal interior minister's offer for judicial scrutiny of the cases was in fact for the PPP leadership; and if they want, an application for the constitution of a judicial commission could be moved by ne
Published 21 Feb, 2016 12:00am
Offer was for Zardari: interior ministry

Offer was for Zardari: interior ministry

Spokesman for Interior Ministry has clarified that federal interior minister's offer for judicial scrutiny of the cases was in fact for the PPP leadership; and if they want, an application for the constitution of a judicial commission could be moved by ne
Published 21 Feb, 2016 12:00am
Raids by FIA: Sindh asks Centre to form judicial commission

Raids by FIA: Sindh asks Centre to form judicial commission

The Sindh government has asked the federal government to constitute a judicial commission to probe FIA's actions in the province. The provincial government deemed the action of the FIA and the NAB in Sindh as a 'strode over move' of its limits and jurisdi
Published 21 Feb, 2016 12:00am
Raids by FIA: Sindh asks Centre to form judicial commission

Raids by FIA: Sindh asks Centre to form judicial commission

The Sindh government has asked the federal government to constitute a judicial commission to probe FIA's actions in the province. The provincial government deemed the action of the FIA and the NAB in Sindh as a 'strode over move' of its limits and jurisdi
Published 21 Feb, 2016 12:00am
Gunmen attack convoy in IHK, two soldiers dead

Gunmen attack convoy in IHK, two soldiers dead

Gunmen attacked a paramilitary convoy in Indian held Kashmir on Saturday, killing two soldiers before entering a training centre for young entrepreneurs with more than 100 people inside, police said. The militants, believed to be insurgents opposed to Ind
Published 21 Feb, 2016 12:00am
Gunmen attack convoy in IHK, two soldiers dead

Gunmen attack convoy in IHK, two soldiers dead

Gunmen attacked a paramilitary convoy in Indian held Kashmir on Saturday, killing two soldiers before entering a training centre for young entrepreneurs with more than 100 people inside, police said. The militants, believed to be insurgents opposed to Ind
Published 21 Feb, 2016 12:00am
Pakistan probe team to visit Pathankot?

Pakistan probe team to visit Pathankot?

After registration of a first information report (FIR) in the Pathankot airbase strike at a police station in Gujranwala, Pakistan, India is ready to receive a special investigating team (SIT) from across the border and share evidence on Jaish-e-Mohammed
Published 21 Feb, 2016 12:00am
Pakistan probe team to visit Pathankot?

Pakistan probe team to visit Pathankot?

After registration of a first information report (FIR) in the Pathankot airbase strike at a police station in Gujranwala, Pakistan, India is ready to receive a special investigating team (SIT) from across the border and share evidence on Jaish-e-Mohammed
Published 21 Feb, 2016 12:00am
Five terrorists killed in Mohmand Agency

Five terrorists killed in Mohmand Agency

At least five terrorists were killed when security forces repulsed an attack by on a check post at Karappa area of Tehsil Pindyali, Mohmand Agency. According to details, the security forces have also recovered weapons and ammunition from terrorists' posse
Published 21 Feb, 2016 12:00am
Five terrorists killed in Mohmand Agency

Five terrorists killed in Mohmand Agency

At least five terrorists were killed when security forces repulsed an attack by on a check post at Karappa area of Tehsil Pindyali, Mohmand Agency. According to details, the security forces have also recovered weapons and ammunition from terrorists' posse
Published 21 Feb, 2016 12:00am
African leaders push for investments at Egypt summit

African leaders push for investments at Egypt summit

African leaders and bankers vowed at an economic summit in Egypt Saturday to push for trade and investments on the continent despite growing security concerns in the region. More than 1,200 delegates including some heads of state plan to sign business agr
Published 21 Feb, 2016 12:00am
African leaders push for investments at Egypt summit

African leaders push for investments at Egypt summit

African leaders and bankers vowed at an economic summit in Egypt Saturday to push for trade and investments on the continent despite growing security concerns in the region. More than 1,200 delegates including some heads of state plan to sign business agr
Published 21 Feb, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (February 20, 2016) and the forecast for Sunday (February 21, 2016).

Published 21 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 20, 2016).

Published 21 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 20, 2016).

Published 21 Feb, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 20, 2016).

Published 21 Feb, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 20, 2016)

Published 21 Feb, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 20, 2016).

Published 21 Feb, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (February 20, 2016).

Published 21 Feb, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (February 20, 2016).

Published 21 Feb, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 20, 2016).

Published 21 Feb, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 20, 2016).

Published 21 Feb, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee held the overnight levels against the dollar on the money market in the process of trading on Saturday, dealers said. The rupee did not move any side in relation to the greenback for buying and selling at Rs 105.90 and Rs 106.10 respectively, wh
Published 21 Feb, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee held the overnight levels against the dollar on the money market in the process of trading on Saturday, dealers said. The rupee did not move any side in relation to the greenback for buying and selling at Rs 105.90 and Rs 106.10 respectively, wh
Published 21 Feb, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (February 20, 2016).

Published 21 Feb, 2016 12:00am
Asian naphtha cracks fall to six-session low

Asian naphtha cracks fall to six-session low

Asia's naphtha crack fell to a six-session low of $60.98 a tonne as concerns over building supplies in Europe weighed on sentiment although demand in the East remained healthy, traders said on Thursday. Demand for European gasoline from West Africa and th
Published 21 Feb, 2016 12:00am
EU cereal crops in good shape

EU cereal crops in good shape

Cereal crops in the European Union were generally in good condition and damage caused by winter cold in countries like Poland and Lithuania would have a limited impact on this year's production, consultancy Strategie Grains said on Thursday. The EU has ex
Published 21 Feb, 2016 12:00am
Asian rice prices up on possible demand from Indonesia

Asian rice prices up on possible demand from Indonesia

Asian rice prices gained slightly this week on possible demand from Indonesia, even though supply was boosted by a Thai government rice sale, the ongoing harvest in Thailand and an upcoming harvest in Vietnam, traders said. Rice prices in Vietnam rose aft
Published 21 Feb, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The March vaida was unchanged on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The March Vaida closed on Wednesday at Rs 2050.50 and it commenced with no change in the early hours, they said.
Published 21 Feb, 2016 12:00am
Subdued business seen on cotton market
Cotton

Subdued business seen on cotton market

Sluggish trend persisted on the cotton market on Saturday owing to less demand by leading participants, dealers said. The official spot rate was unchanged at Rs 5,300, dealers said. In Sindh and Punjab prices of seed cotton were at Rs 1600 and Rs 2800, th
Published 21 Feb, 2016 12:00am
CBOT wheat futures down on short-covering rally

CBOT wheat futures down on short-covering rally

Wheat futures on the Chicago Board of Trade fell more than 1 percent on Thursday, retreating on bearish fundamentals after a two-day short-covering rally stalled, traders said. Record-large global supplies and weak export demand for US wheat continue to h
Published 21 Feb, 2016 12:00am
Indian soyabean lower on weak meal exports
Vegetable Oil

Indian soyabean lower on weak meal exports

Indian soyabean edged lower on Thursday as millers stayed away from buying the oilseed for crushing due to weak demand for soyameal exports, while rapeseed dropped on profit-booking. The March soyabean contract on the National Commodity & Derivatives Exch
Published 21 Feb, 2016 12:00am
Rising trend seen on grain market

Rising trend seen on grain market

An upward trend was witnessed on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Makai low type was up by Rs 25 to Rs 2775 and the best quality was higher by Rs 100 to Rs 2875, other commodities maintai
Published 21 Feb, 2016 12:00am
European vegoils: palm oil firm on stronger ringgit

European vegoils: palm oil firm on stronger ringgit

Palm oil in Europe remained firm on Thursday due to the stronger Malaysian ringgit, traders said. "The ringgit played the most important role on both the European cash market and the Malaysian futures market. Improved demand for lauric oils also helped pa
Published 21 Feb, 2016 12:00am
Freight rates for capesize bulk carriers to stay flat
Exchange

Freight rates for capesize bulk carriers to stay flat

Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as vessel supply outpaces cargo demand, while higher bunker prices could support freight rates, ship brokers said on Thursday. "The market is going nowhere - there is n
Published 21 Feb, 2016 12:00am
Vietnam's coffee eases, Indonesian beans jump

Vietnam's coffee eases, Indonesian beans jump

Vietnamese robusta coffee beans have eased slightly even though domestic supply was tight, while Indonesian coffee premiums rose on the weakening rupiah, traders said on Thursday. ICE May robusta futures ended flat at $1,442 per tonne on Wednesday. The fu
Published 21 Feb, 2016 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot cash basis bids for hard red winter (HRW) wheat were steady in the southern US Plains on Thursday, traders said. The track basis at the US Gulf firmed by fell 2 cents, to 95 cents over K.C. March KWH6 hard red winter wheat futures. Basis bids elsewhe
Published 21 Feb, 2016 12:00am
US natural gas futures down to two-month low
Exchange

US natural gas futures down to two-month low

US natural gas futures fell to 2-month lows on Thursday after a higher-than-expected draw of gas for heating last week failed to impress players more concerned about warmer weather in the near future. Front-month natural gas futures on the New York Mercan
Published 21 Feb, 2016 12:00am
US FOB Gulf corn premiums firm on rising demand

US FOB Gulf corn premiums firm on rising demand

Export premiums for corn shipped from the US Gulf Coast were steady with a firm tone on Thursday on improving demand as recent increases in Argentine export prices made US supplies more competitive on the global marketplace, traders said. Soybean export p
Published 21 Feb, 2016 12:00am
Indonesia's January palm oil output falls for fifth month
Vegetable Oil

Indonesia's January palm oil output falls for fifth month

Indonesia's January crude palm oil (CPO) output fell for a fifth month, a Reuters survey showed, as the El Nino dry weather pattern hindered production in the world's top grower. Indonesia's CPO January production was 2.440 million tonnes, according to th
Published 21 Feb, 2016 12:00am
EU wheat futures edge lower on Egypt import uncertainty
Exchange

EU wheat futures edge lower on Egypt import uncertainty

European wheat futures edged lower on Thursday in thin volumes as uncertainty over Egypt's import policy continued to hang over the market and a bearish supply outlook kept prices near contract lows. May milling wheat, the most active contract on the Pari
Published 21 Feb, 2016 12:00am
Nigeria in talks with oil majors to repay debt, invest in refineries

Nigeria in talks with oil majors to repay debt, invest in refineries

Nigeria is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4 billion in debt that the state oil firm has accumulated over years of mismanagement, the firm's head told Reuters. Emmanuel Ibe Kachikwu, who is also the
Published 21 Feb, 2016 12:00am
Funds regaining taste for arabica coffee as ICE stocks fall
Exchange

Funds regaining taste for arabica coffee as ICE stocks fall

Investment funds are beginning to regain a taste for arabica coffee with a net short, or bearish, position shrinking fast as exchange stocks fall and the global market shifts into deficit. Arabica coffee futures have jumped since hitting multi-year lows i
Published 21 Feb, 2016 12:00am
FranceAgriMer raises French wheat stocks forecast to 17-year high

FranceAgriMer raises French wheat stocks forecast to 17-year high

Farm office FranceAgriMer on Thursday raised its forecast for total French soft wheat stocks at the end of the 2015/16 season to 6.0 million tonnes, from 5.8 million estimated last month, the highest level in 17 years. The higher estimate was mainly due t
Published 21 Feb, 2016 12:00am
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