Money sent home in December by Bangladeshis working overseas rose nearly 2.6 percent from a year earlier to about $1.31 billion, the central bank said on Monday. In July-December, the first half of the 2015-16 financial year, Bangladesh received $7.48 mil
After enjoying a long period of abundance and prosperity, Saudi Arabia is all set to see its fortune diminishing in the near future due to a drastic fall in crude prices. Reflecting this scenario, it announced a record budget deficit and cuts in fuel and
Gold rallied 2 percent to a four-week high on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data that fuelled concerns over global growth. Palladium, which as a largely industrial metal is more expo
On January 1, the Voluntary Tax Compliance Scheme (VTCS) the Prime Minister announced was a New Year gift for the trader community and also earned a "gold medal there for, but since VTCS will amend the Income Tax Ordinance, and therefore require parliamen
Gold rallied 2 percent on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data that fuelled concerns over global growth. Palladium, which as a largely industrial metal is more exposed than gold to eco
New York cocoa futures on ICE fell more than 2.5 percent to the lowest in more than two months on Monday, pressured by broad-based selling on concerns about global economic growth and the weak British pound, while raw sugar dropped sharply. Arabica coffee
Malaysian palm oil futures fell at the start of 2016 trading on slowing exports as demand from top consumer China is unlikely to improve despite the upcoming Lunar New Year holiday. The benchmark palm oil contract for March on the Bursa Malaysia Derivativ
Copper hit a two-week low on the first trading day of 2016 after weak Chinese factory data weighed heavily on Shanghai equities and rekindled worries over economic growth in China and beyond. Surveys showed factory activity in the world's second-largest e
In view of difficulties faced by companies, the Securities and Exchange Commission of Pakistan (SECP) has extended the date of compliance for public listed companies and public unlisted companies for maintaining specific information in Urdu language on th
Shanghai Futures Exchange copper slipped 1.4 percent to 36,100 yuan ($5,547) on a sour note on Monday after data showed factory activity in top consumer China continued to shrink in December, compounding a difficult outlook for metals at a time when a fir
Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 28.45 points as the ISE Ten Index moved from 2,781.35 to 2,752.90
Bangladesh's foreign exchange reserves hit a record $27.49 billion at the end of December, the central bank said on Sunday, fuelled by steady exports and remittances. The slower pace of import growth, on the back of a fall in global commodities prices, al
Clydesdale Bank Plc said it planned to go ahead with its listing on the London Stock Exchange and the Australian Securities Exchange as part of its demerger from National Australia Bank Ltd.
Emerging market companies with debt in dollars and revenue in sinking local currencies could struggle as the US Federal Reserve begins what is expected to be a series of interest rate increases after years of easy money policies.
Emerging market companies with debt in dollars and revenue in sinking local currencies could struggle as the US Federal Reserve begins what is expected to be a series of interest rate increases after years of easy money policies.
The Hong Kong stock exchange (HKEx) is strengthening its environmental, social and governance reporting guidelines for listed companies in a bid to beef up corporate governance in the financial centre. The new requirements were a result of a consultation
Deutsche Bank has agreed to sell its entire 20 percent stake in Beijing-based Hua Xia Bank to Chinese insurer PICC Property and Casualty Co - a deal worth up to $4 billion that will help lift its capital ratios. Deutsche Bank, which has embarked on drasti
Indonesia will start trading bond futures as early as the first quarter of 2016 and introduce new rules for foreign venture capitals, officials at the Financial Services Authority (OJK) said on December 30.
Indonesia will start trading bond futures as early as the first quarter of 2016 and introduce new rules for foreign venture capitals, officials at the Financial Services Authority (OJK) said on December 30.
Not only is the 'block' that constitutes honest taxpayers plausibly angry at the 'amnesty' granted to traders under the Voluntary Tax Filing Scheme (VTFS), country's political opposition has also strongly reacted to the government's controversial move. Ne
All-round gains witnessed on the money market as the rupee managed to pick up versus the dollar during the week-ended on January 2, 2016. In the interbank market, the rupee appreciated by 20 paisas in relation to the dollar for buying and selling at Rs 10
All-round gains witnessed on the money market as the rupee managed to pick up versus the dollar during the week-ended on January 2, 2016. In the interbank market, the rupee appreciated by 20 paisas in relation to the dollar for buying and selling at Rs 10