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  • Bulgaria sees wheat output at 5 mln t in 2017

    June 14, 2017 9:19 AM 3

    SOFIA (Bulgaria), June 14 (SeeNews) – Bulgaria is expected to produce some 5.0 million tonnes of wheat in 2017, the agriculture ministry said on Wednesday. The forecast compares to 5.66 million tonnes of wheat harvested in 2016, the largest amount since 1980. The country put to winter wheat 1.1 million ha last year and 130,000 ha to barley, the ministry

  • PSO, Pakistan Railways sign fuel supply agreement

    June 13, 2017 7:19 PM 3

    ISLAMABAD: Pakistan State Oil (PSO) and Pakistan Railways on Wednesday signed Fuel Supply Agreement under which PSO will meet Railways’ all fuel requirements. The agreement was signed by General Manager Lubricants & Chemicals PSO Qasim Zaheer and Chief Controller of Purchase Pakistan Railways in Islamabad on Tuesday. Minister Railways Khawaja Saad Rafique

  • World coal production suffers biggest drop on record, BP study says

    June 13, 2017 2:08 PM 2

    China, which accounts for about half of the coal burned in the world, used 1.6% less of the fuel, compared with an average 3.7% annual expansion in the 11 preceding years. Structural, long-term factors are behind the shift, BP Chief Economist Spencer Dale says, including “the increasing availability and competitiveness of natural gas and renewable energy

  • PSX nosedives as JIT summons PM in Panama corruption case

    June 13, 2017 12:01 AM 2

    KARACHI: Bloodbath activity was witnessed on Monday at Pakistan Stock Exchange (PSX) across the board on account of ongoing political noise. Pakistan equities continued its losing streak heading into the new week with benchmark KSE100 tumbling by as much as 3.75 percent or 1856 points and settling near 47,500 level with domestic politics primarily denting

  • Indian growers want to export potato to Pakistan

    June 11, 2017 11:29 PM 6

    JALANDHAR: Potato Growers Association here has demanded export of potatoes to Pakistan and availability of express rail rakes for transporting their produce to southern states, foreign media has reported. Addressing a press conference here, the growers associate JPGA press secretary Jagat Gill Thamanwal said earlier potatoes from India were exported

  • Western Digital to raise Toshiba chip offer in last-ditch bid

    June 11, 2017 7:13 PM 5

    Generate Enquiries for your Business by Listing on Economictimes.com TOKYO: Western Digital Corp plans to raise its of fer for Toshiba's prized semiconductor unit to $18 billion or more, a person familiar with the matter said, in a last-ditch effort to clinch a deal both companies consider vital. The US chipmaker is part of a consortium led by a Japanese

  • Jolted by tax raids, industrialists warn of business closure

    June 11, 2017 4:35 AM 5 1

    LAHORE: Industrialists and traders of Lahore have once again lodged a strong protest against raids on business premises and alleged misuse of discretionary powers by tax officials despite restrictions from the Senate Standing Committee on Finance and Federal Board of Revenue (FBR) chairman. In a desperate move, they announced that they would exercise

  • Apple’s Cook tells MIT graduates:temper technology with humanity

    June 11, 2017 12:00 AM 4

    CAMBRIDGE: Apple CEO Tim Cook on Friday warned graduates at MIT, a pioneer in fields like computers and robots, about technology's dehumanizing aspects and urged them to infuse its development with their own values."I’m not worried about artificial intelligence giving computers the ability to think like humans," Cook said in his commencement speech at the Massachusetts

  • J&J to complete Actelion purchase

    June 11, 2017 12:00 AM 4

    NEW YORK: Johnson & Johnson said the approval of its proposed acquisition of Swiss biotech firm Actelion by the European Commission on Friday meant all regulatory approvals required to complete the $30 billion deal had now been received. The U.S. company said it expected settlement of the all-cash public tender offer by its Swiss subsidiary, Janssen

  • Yuan Looks to Fed, Chinese Investment for Direction

    June 10, 2017 4:42 AM 5

    The Yuan pulled back against the U.S. Dollar this week, after it set a 7-month high last week. HIBOR O/N has been falling over the past five days and dropped to 1.8140% on Friday, indicating eased condition on Yuan’s liquidity in its largest offshore market. The spread between the offshore Yuan and the PBOC’s reference rate narrowed as well; it has dropped