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Archive for  December 2012

    • News Desk
    • Dec 12th, 2012
    • Comments Off on Russian domestic wheat prices to rise until new year

    Russian domestic wheat prices may continue to rise until the New Year but the drought-hit and tight market could then see weaker demand, SovEcon agricultural analysts said on Monday. "There are no noticeable drivers for

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  • The Karachi Port handled 104,083 tonnes of cargo comprising 96,133 tonnes of import cargo and 7,950 tonnes of export cargo including 3,065 loaded & empty containers during the last 24 hours ended at 0700 hours

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on Grain market: Gur prices fall despite winter demand

    Gur prices fell sharply on the wholesale grain market on Tuesday despite the fact that rates should go up due to strong demand by consumers, dealers said. On the cereals side, Gur, which is in

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  • The December contract was unchanged and the January vaida dropped sharply on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The December vaida closed at Rs 444.00 as it

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on Cotton market: fresh buying by mills helps stabilise prices

    Fresh buying interest by mills pushed up prices, which helped in lifting the daily-intake on the cotton market on Tuesday, dealers said. Official spot rate was unchanged at Rs 5,850, they said. About 20,000 bales

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on Afghans failing to curb mass cash exodus

    Afghan authorities have made little effort to stem the flow of billions of dollars in cash from the Kabul airport despite a US-led effort to curb laundering, a US government report said Tuesday. An earlier

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on US sells final shares in rescued insurer AIG

    The US Treasury said Tuesday it had sold off all of its remaining shares in insurer AIG, four years after the government laid out $182 billion to rescue the company in the financial crisis. The

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on Mass protest as Michigan curbs union rights

    Thousands of protesters descended on Michigan's state capitol Tuesday as lawmakers prepared to pass union-curbing "right-to-work" legislation in a state seen as the heart of the labour movement. The measure would weaken unions by allowing

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on France earmarks 2.5 billion euros to tackle poverty

    Prime Minister Jean-Marc Ayrault on Tuesday promised his government would spend up to 2.5 billion euros ($3.2 billion) by 2017 in extra efforts to bring down poverty levels in France. He told a national conference

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on German investor morale improves sharply

    Morale among German analysts and investors improved sharply in December on the back of encouraging US economic data, fanning hopes that Europe's largest economy will avoid recession this winter. The unexpectedly upbeat survey from the

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