Asia's naphtha crack returned to the positive zone, after being at discounted levels since the value turned negative last week for the first time in over a decade.
China's crude steel output hit a record high in May, official data showed on Friday, even as a jump in prices of raw materials, particularly iron ore, cut into mills' profit margins.
Vietnam's domestic coffee prices rose about 2.1% on Thursday from a week earlier, mainly on exchange rate fluctuations which prompted some farmers to refrain from selling.
Chinese soyabean buyers are asking sellers in the United States to delay cargoes due to be shipped in July until August, two sources familiar with the matter said, raising fears of cancellations like ones that roiled the market last year.
The Karachi Port handled 122,812 tonnes of cargo comprising 76,866 tonnes of import cargo and 45,946 tonnes of export cargo including 1,701 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Chicago Board of Trade soyabean futures closed higher on Friday on forecasts for rains in the US Midwest that will likely stall late soyabean planting progress, traders said.
Chicago Board of Trade corn futures hit a five-year high on Friday on firm cash markets and technical buying as forecasts for more showers in the eastern Midwest next week clouded the outlook for production, traders said.
Brazilian coffee exporters shipped 3.19 million 60-kg bags of green coffee in May, 114% more than in the same month a year earlier, as large local supplies allow for continuing growth in monthly exporting volumes.
Indian shares ended more than 1% lower on Monday, dragged by metal and energy stocks, while the country's move to slap retaliatory tariffs on certain US goods stoked fears of a trade tiff between the two countries.
Bali United soared on its stock market debut in Jakarta Monday, marking the first time that a Southeast Asian football club has gone public. The listing puts the team among top clubs Manchester United, Juventus and Borussia Dortmund which have also previo
Southeast Asian stock markets settled lower on Monday as investors exercised caution ahead of key central bank policy meetings later this week, while political ructions in the Middle East and Hong Kong stifled risk appetite across the region.
Wall Street's main indexes rose on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.
The Hong Kong stock market closed higher on Monday as local officials suspended efforts to push for a controversial law, de-escalating mass protests, but trading was muted ahead of the US Federal Reserve meeting this week. At the close of trade, the Hang
Chinese stocks ticked up on Monday on expectations of further policy support, but trading remained subdued as investors awaited cues from the US-China trade negotiations at the G20 summit later this month. At the close, the Shanghai Composite index was up
The Saudi market rose moderately on Monday, recovering some losses from previous sessions with most of its stocks gaining. Other indexes in the Gulf were mixed with Abu Dhabi and Qatar extending losses following last week's oil tanker attacks.
Tokyo's benchmark Nikkei closed fractionally higher on Monday thanks to gains in blue-chip shares, with investors eyeing the US-China trade war and key central bank meetings this week. The Nikkei 225 index rose 0.03 percent, or 7.11 points, to 21,124.00,
European stock markets closed marginally lower on Monday with a profit warning from Germany's Lufthansa hitting airline stocks, while markets globally awaited clues from the US Federal Reserve on its policy direction.
Australian shares ended lower on Monday as investors took profits on heavyweight mining stocks after a strong rally last week, but sentiment was largely subdued ahead of a US Federal Reserve meeting later in the week.
London's main index inched up on Monday as rises in banking shares outweighed the impact of a profit alert from Germany's Lufthansa on airlines, while UK contractor Kier Group skidded to an all-time low.
Huawei's founder said Monday the Chinese telecom giant's overseas smartphone sales have tumbled since the US last month threatened to blacklist the company, and he warned the embattled firm would slash production to weather the US drive to isolate it. The
Huawei's founder said Monday the Chinese telecom giant's overseas smartphone sales have tumbled since the US last month threatened to blacklist the company, and he warned the embattled firm would slash production to weather the US drive to isolate it. The
Lenders to crippled Jet Airways said Monday they would start bankruptcy court proceedings after failing to find someone to take over the Indian carrier. Once India's biggest private airline, Jet stopped operating in April after it ran out of cash and its
Citigroup Inc said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit. "We believe this more streamlined operating model will drive better client service, risk management and profitability," the co-h
Citigroup Inc said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit. "We believe this more streamlined operating model will drive better client service, risk management and profitability," the co-h
French telecoms and media mogul Patrick Drahi is acquiring Sotheby's auction house, one of the world's biggest art brokers, in a $3.7 billion deal, the British-founded company announced Monday. Drahi, the billionaire founder of the Altice empire which own
French telecoms and media mogul Patrick Drahi is acquiring Sotheby's auction house, one of the world's biggest art brokers, in a $3.7 billion deal, the British-founded company announced Monday. Drahi, the billionaire founder of the Altice empire which own
Eurozone wages rose in the first quarter of the year at the highest pace ever recorded since data is collected, data from the European Union's statistics office showed on Monday. The increase is a positive signal for the European Central Bank's plans to d
Sports Illustrated's media operations were sold for the second time in less than a month in a deal announced Monday that puts former Yahoo top executive Ross Levinsohn at the helm of the iconic sports magazine. The Maven, a small publicly traded firm focu
US pharmaceutical giant Pfizer on Monday announced the acquisition of Array BioPharma, a biotechnology firm that specializes in cancer drugs, the latest in a long list of biotech mergers in recent years. In a statement, Pfizer said it offered $48 per shar
US pharmaceutical giant Pfizer on Monday announced the acquisition of Array BioPharma, a biotechnology firm that specializes in cancer drugs, the latest in a long list of biotech mergers in recent years. In a statement, Pfizer said it offered $48 per shar
Canada's biggest drug store chain said Monday it plans to use blockchain technology to trace the source of the cannabis it distributes, as part of an effort to set standards for the flourishing industry. Shoppers Drug Mart said it was teaming up with Cana
The Nordic region's largest bank Nordea said Monday that Danish prosecutors had raided its offices in Denmark as part of an investigation into money laundering. The Danish State Prosecutor for Serious Economic and International Crime seized physical and d
Manufacturing activity in New York State took a record dive this month and fell into contraction, suddenly reversing recent gains, the Federal Reserve Bank of New York reported Monday. The surprising drop was another worrying sign for the US manufacturing
Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world's biggest social network is expected to outline details of a virtual currency laun
Aviation executives descended on the Paris Air Show on Monday with pledges to improve transparency over plane safety in the wake of the Boeing 737 MAX crisis and to reduce emissions. Few blockbuster products or orders are expected at the world's biggest a
India's Kuldeep Yadav admitted bowling Pakistan batsman Babar Azam in the World Cup with a magical delivery that tossed and turned was a "dream" for any spinner. Yadav returned figures of 2-32 with his left-arm wrist spin to play a key role in India's 89-
Pakistan coach Mickey Arthur has vowed to remind his players of the "cornered tigers" spirit which Imran Khan instilled in his team-mates to win the 1992 World Cup. An 89-run defeat by arch rivals India in Manchester on Sunday has left Pakistan's hopes of
Former India captain Krishnamachari Srikkanth says Virat Kohli side's are having a demoralising effect on their World Cup opponents. India beat Pakistan by 89 runs via DLS method in Manchester on Sunday to extend their blistering start to the World Cup. T
Bangladesh powered to the second highest run chase in World Cup history as Shakib Al Hasan's brilliant century clinched a remarkable seven-wicket win over the West Indies on Monday. Shakib blasted 124 from 99 balls and Linton Das hit a superb 94 from 69 d
Gary Woodland won the 119th US Open on Sunday, capturing his first major title with a 13-under par total to deny two-time defending champion Brook Koepka's bid for history at Pebble Beach. Woodland punctuated the victory with a birdie bomb at 18, a final
Perth was Monday named as host city for the Fed Cup final between Australia and France later this year - the first to be held Down Under for four decades. The women's team showdown on November 9-10 will be played on hardcourts at the west coast city's RAC
Luis Suarez and Edinson Cavani were on target as Uruguay thumped 10-man Ecuador 4-0 in their opening Group C match at the Copa America on Sunday. Nicolas Lodeiro opened the scoring after just six minutes before Ecuador full-back Jose Quintero was dismisse
The Australian and New Zealand dollars huddled near multi-month lows on Monday after their US counterpart got a lift from upbeat domestic data, a stark contrast to disappointing numbers out of major trading partner China. The Aussie was hanging on grimly
The dollar held near a two-week high against its major rivals on Monday ahead of a crucial US Federal Reserve meeting that many expect will lay the groundwork for an interest rate cut to bolster the world's largest economy. While strong US retail sales on
The US dollar was modestly lower on Monday on weak economic data, but remained near the two-week high set earlier in the session as investors reconsidered how dovish the Federal Reserve is likely to be at this week's policy meeting. Broader currency marke
The US dollar rose to a two-week high on Monday as strong economic data led investors to think again about how dovish the Federal Reserve is likely to sound at this week's meeting. Broader currency markets were quiet, as traders hesitated to put on large
The Russian rouble firmed towards multi-week highs on Monday after Friday's central bank rate cut boosted demand for Russian OFZ treasury bonds, while stocks slid slightly from all-time highs hit last week. The rouble was 0.3% stronger at 64.18 as of 1420
Most Asian currencies weakened on Monday as the US dollar drew strength from strong retail sales data that tempered market expectations that the Federal Reserve could cut interest rates this week. Despite a mild pull-back, the dollar index hung around two
Sri Lankan rupee ended at 176.75/85 per dollar on Monday, compared with Friday's close of 176.70/90, market sources said. Analysts expect the rupee to weaken further as money flows out of stocks and government securities. The rupee fell 0.14% last week bu
Turkey's central bank said on Monday it will extend a liquidity facility to primary-dealer banks with an interest rate set at 23%, below its 24% policy rate, a move expected to lower the average cost of funding. The facility would be limited in part by do
The pound dived to a near six-month low against the dollar on Monday as concerns grew that arch-Brexiteer Boris Johnson will replace Theresa May as prime minister as he remains far ahead of his rivals in the race to lead their ruling Conservative Party. J
Latin American currencies largely rose against a softer dollar on Monday ahead of a US Federal Reserve policy setting meeting this week which is expected to lay the groundwork for a rate cut later this year. Lower US interest rate boost the relative attra
The head of the World Food Programme threatened Monday to suspend aid deliveries to Huthi-controlled areas of Yemen, charging that the humanitarian relief supplies were being "manipulated." David Beasley, the UN agency's director general, said deliveries
At least 18 people were killed Sunday in a bus accident in a rural area of western Venezuela, police said. "Fourteen deaths were reported at the scene of the accident, 33 injured were transferred to the hospital in Villa del Rosario, where four of them di
Doctors in India's West Bengal state on Monday called off a week-long strike after authorities promised better workplace security in the wake of violent attacks that had prompted a nationwide day of action. Tens of thousands of Indian doctors had walked o
Xi Jinping will make the first trip to North Korea by a Chinese president in 14 years this week, state media said Monday, as Beijing tightens relations with Pyongyang amid tensions with the United States. Xi will visit Pyongyang on Thursday and Friday at
A US politician who blamed pilot error for contributing to the deadly crash of a Boeing 737 MAX flown by Ethiopian Airlines was "seriously misinformed", the carrier's boss has said. Republican Sam Graves told a House of Representatives hearing last month
Thirty people were killed late Sunday in a triple suicide bombing in northeast Nigeria, emergency services reported, in an attack bearing the hallmarks of the Boko Haram jihadist group. Three bombers detonated their explosives outside a hall in Konduga, 3
Gulf state Qatar is set to distribute more than $10 million in aid to thousands of cash-strapped Palestinians in the Gaza Strip, a Qatari official said on Monday. The money was brought into the Hamas-controlled enclave Sunday evening by the Qatari ambassa
American heiress Gloria Vanderbilt, a designer and artist who became one of the most chronicled socialites of her era, died Monday after a battle with stomach cancer, her son announced. She was 95 years old. The great-great granddaughter of railroad tycoo
The European Union on Monday dropped the threat of sanctions against the Maldives, saying the political situation had improved in the Indian Ocean archipelago since President Ibrahim Mohamed Solih's election. The bloc introduced a legal framework to allow
A Russian court on Monday released a newspaper editor and former lawmaker, who had been held on extortion charges, after an outcry from supporters and international organisations. Igor Rudnikov, founder and editor of Novye Kolesa in the Russian exclave of
Media activists on Monday accused Sri Lankan police of using a UN convention on hate speech to crack down on media freedom and the country's Muslim minority. The Free Media Movement rights group said the police Special Task Force (STF) attempted to arrest
The US Supreme Court on Monday upheld a longstanding rule stating that prosecuting someone separately in state and then federal court for the same crime does not violate a defendant's protection against double jeopardy. Americans have long understood that
Twelve people died after a boat carrying migrants sank off southwestern Turkey on Monday, the coastguard said. Thirty-one migrants were rescued after the boat went down off the coast of Bodrum district in Mugla province, the coastguard added, with search
The United States warned Monday the world must not give in to Iranian "extortion," after Tehran said it would surpass the uranium stockpile limit set under the 2015 nuclear deal abandoned by Washington. "We should not yield to nuclear extortion," said Sta
Iran said Monday it will surpass from June 27 a uranium stockpile limit set under the nuclear deal with world powers that the US abandoned last year, worrying EU powers who urged Tehran against ultimatums. French President Emmanuel Macron encouraged Iran
Cotton prices rose on Monday to hit its highest in more than a week, as investors rolled over their positions from the front-month contract, while a stronger grains market further supported the natural fibre. The most active cotton contract on ICE Futures
Copper prices recovered on Monday, boosted by a mine strike and weak Chinese output, but other industrial metals were pressured by nervousness about the damage to growth and demand from the US-China trade dispute. Benchmark copper on the London Metal Exch
Oil prices fell more than 1% on Monday after more poor Chinese economic figures fanned fears of lower worldwide oil demand. Brent crude futures lost $1.07 to settle at $60.94 a barrel, a 1.73 percent loss. US West Texas Intermediate (WTI) crude futures fe
Malaysian palm oil futures rose on Monday, shadowing higher US soyaoil prices on the Chicago Board of Trade (CBOT), while a softer ringgit also supported. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange wa
Gold retreated further on Monday from a 14-month peak hit in the previous session as the dollar strengthened on strong US retail sales data before the US Federal Reserve meeting this week. Spot gold was down 0.6% at $1,333.81 per ounce at 0946 GMT. Gold h
Gold prices slipped further on Monday after sliding from a more-than-14-month high the previous session following upbeat US economic data that dampened expectations the Federal Reserve would ease interest rates. Spot gold edged 0.1% lower to $1,340.20 per
Raw sugar prices on ICE slipped on Monday as July options expired, after hitting a 1-1/2-month high on Friday while arabica coffee hit a three-week low. July raw sugar settled down 0.09 cent or 0.7% at 12.66 cents per lb. Prices peaked at 12.77, just shy
Gold prices slipped further on Monday after sliding from a more-than-14-month high the previous session on upbeat US economic data that dampened expectations the Federal Reserve could ease interest rates. Spot gold edged 0.2% lower to $1,338.90 per ounce
Railways Minister Sheikh Rashid Ahmed Monday invited Japan to become a partner in the projects of high speed trains from Rawalpindi to Lahore and Karachi to Hyderabad. According to the railways spokesperson, the proposal was presented in a meeting with Ja
Executive Vice President and Chief Operating Officer (COO) of an eminent Japanese company Mitsui, Mori Moto, along with other representatives of the company called on Advisor to Prime Minister on Commerce, Textile, Industries & Production and Investment A
The Islamabad High Court (IHC) on Monday issued notices to secretaries of Information Ministry and Cabinet Division and other respondents in a petition challenging the appointment of Arshad Khan as chairman Pakistan Television Corporation (PTVC). A single
Pakistan - Reon Energy Limited Monday announced the Commissioning of its latest 12.5 MW captive solar power project at Fauji Cement Company Limited (FCCL) in Jhang Bahtar, Punjab. The proposed move is a key step in commercializing a unit in order to achie
The Standing Committee on Information, Broadcasting, National History and Literary Heritage of National Assembly on Monday sought a comprehensive report in the next meeting on the issue of nonpayment of salaries to media workers. The committee was chaired
The Sindh Assembly on Monday opened its post-budget 2019-20 debate with the treasury legislators claiming the PPP changed the outlook of the province in its 10-year tenure but opposition censured government for the poor governance over the past one decade
Pakistan Petroleum Limited (PSX: PPL) has been an aggressive player in the oil and gas exploration and production sector, responsible for over 22 percent of the country's gas production. In 1997, BOC disinvested from the E&P sector worldwide and sold its
Pakistan Petroleum Limited (PSX: PPL) has been an aggressive player in the oil and gas exploration and production sector, responsible for over 22 percent of the country's gas production. In 1997, BOC disinvested from the E&P sector worldwide and sold its
Led by its Chairman Xiong Qunli, a 23-member delegation from the Chinese tech giant China Electronics Technology Group Corporation (CETC) paid a visit to National University of Sciences & Technology (NUST) here on Sunday.
IFC, a member of the World Bank Group, will work with the business advocacy group The Pakistan Business Council (PBC) to promote better career opportunities for working parents and implement family-friendly practices, such as childcare benefits.
Emir of Qatar Sheikh Tamim Bin Hamad Al-Thani would make historic visit to Pakistan on Sunday (June 23) and announcement of $ 22 billion investment in various sectors of the country is expected.
Foreign Minister Shah Mahmood Qureshi met with the UK Home Secretary Rt. Hon. Sajid Javid at his office in the House of Commons in London. Qureshi and Javid discussed matters of bilateral interest and reviewed the ongoing security cooperation under the in
An Italian diplomat and two mountaineering workers in Pakistan said on Monday that an avalanche had stranded a group of four Italian and three Pakistani climbers on a mountain in the country's north. A tour operator, Ashraf Aman, who arranged the expediti
Two policemen were shot dead by unidentified men in the Orangi Town area of metropolis on Monday. The assailants, riding a motorcycle, managed to flee from the area after committing crime. A large contingent of law enforcers reached the spot and started t
Led by its Chairman Xiong Qunli, a 23-member delegation from the Chinese tech giant China Electronics Technology Group Corporation (CETC) paid a visit to National University of Sciences & Technology (NUST) here on Sunday.
Punjab Chief Minister Sardar Usman Buzdar Monday said that the foundation of a new Pakistan has been laid under the leadership of Prime Minister Imran Khan and the country is moving forward in the right direction introducing holistic reforms in a short sp
Opposition leader in Punjab Assembly Hamza Shahbaz Sharif on Monday expressed his apprehension that many mini budgets are expected in near future. He said this while opening the budget speech in Punjab Assembly. He said 14-page budget short speech of fina
Tax experts proposed Monday that the law/refund rules need to be appropriately amended to provide for refund with the filing of monthly sales tax return as the export data/evidence is readily available with the customs authorities.
Despite hot and dry climate in most parts of the country, the city experience dust-thunderstorm/rain with gusty winds on Monday. According to the met office, mainly hot and dry weather is expected in most parts of the country. However, further dust-thunde
Federation of Pakistan Chamber and Commerce and Industry (FPCCI) has constituted a 17-member committee to help remove anomalies and address the genuine grievances of the traders in the federal budget.
Provincial Social Welfare and Bait-ul-Maal Minister Muhammad Ajmal Cheema has said no non-governmental organisation (NGO) would be registered in the province without obtaining non-objection certificate (NOC) from the Counter-Terrorism Department (CTD).
Pakistan Telecommunication Company Limited (PTCL) and LMKT (www.lmkt.com), a leading Pakistan-based technology services company, is pleased to announce that the National Incubation Center Peshawar startups secured first and third positions in the Pakistan
Punjab Minister for Health Dr Yasmin Rashid has said that the present Punjab Government has allocated funds of Rs 308 billion in the next financial year for the development and strengthening of the health sector which is 8.4 percent increase over the prev
The government is fast moving towards documentation of economy and in this connection before taking harsh measures; the business community is being offered last opportunity to regularize their undeclared assets before June 30, 2019.
With a vision to provide sports infrastructure for sports activities and to train talented players and youth, the Punjab government has allocated a sum of Rs 4.000 billion for Sports & Youth Affairs in its budget 2019-20 as against Rs 2.000 billion were a
