Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
There were mixed fortunes for market newcomers China Shipping Container Lines (CSCL) and Tencent Holdings on Wednesday, indicating that investors are adopting a selective approach towards China IPOs.
Russia's third-largest steel mill, Novolipetsk, has bought a controlling stake in a big Russian seaport for $100 million to strengthen its production-to-export network, a newspaper said on Wednesday.
Japanese shipping firm Nippon Yusen Kaisha (NYK Lines) is in talks with authorities in China's southern Guangzhou city to build a joint-venture car terminal in its Nansha port, a Hong Kong newspaper said on Tuesday.
Bangladesh has beefed up security at its main Chittagong port after a shipping body said the area around it was the second most unsafe in Asia following pirate attacks on ships, officials said on Thursday.
Coast guards from 16 Asian countries and Hong Kong will work closely to combat possible terror attacks at sea in the region, including information sharing, Japanese officials said Friday after two days of talks.
Freight prices for transporting crude from the Gulf were mixed this week as rates to the east slipped, while journeys west firmed, shipbrokers said on Friday.
The Karachi Port handled 73,037 tonnes of cargo including 62,363 tonnes import and 10,674 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
Briton Chris Patten withdrew from the race to become president of the European Union's executive Commission on Saturday after the bloc's leaders failed to resolve a bitter row over potential candidates.
Barclays Capital, the investment banking arm of Britain's Barclays Plc, has dropped plans to bid for stockbroker Cazenove but may reconsider at a lower price, a source familiar with the situation said.
Barclays Capital, the investment banking arm of Britain's Barclays Plc, has dropped plans to bid for stockbroker Cazenove but may reconsider at a lower price, a source familiar with the situation said.
The German technology group Siemens has again pulled some of its staff out of Iraq because of concern about deteriorating security, the newspaper Welt am Sonntag said in its edition to appear Sunday.
India's new government will aim to put Asia's third-largest economy on a 7-8 percent annual growth path and continue reforms to help millions of poor, the deputy head of the national planning commission said on Saturday.
European Central Bank President Jean-Claude Trichet urged companies and workers to join the fight against inflation by not pumping up wage settlements on the back of soaring oil prices.
As the world's first privately funded rocket plane is being readied for a run at making history by climbing out of earth's atmosphere, its builders are already eyeing their next goal: winning a $10 million prize for pioneering commercial space flight.
Making good on promises it gave to get $7 billion in new funding, the Asian Development Bank is embarking on sweeping reforms aimed at turning bureaucrats into bankers better attuned to the needs of the private sector.
President George W. Bush said on Saturday the US economy was gaining momentum and cited a drop in the unemployment rate in 46 states, as he sparred with Democrats over whether life was getting better for ordinary Americans.
The World Bank will continue to fund oil, coal and mining projects but will be more selective, it said on Friday in response to a review that recommended it phase out support for such projects.
China's First Auto Works (FAW) has ordered the recall of some 100,000 automobiles made at its joint venture plants with Honda Motors Co and Mazda Motor Co for potential fuel tank problems, the company said on its websites.
Scientists and officials from India and the United States will meet here from Monday to dicuss options for joint space exploration projects, Indian officials said here.
Iraqi engineers have run into delays while repairing a sabotaged southern oil pipeline and now hope to resume partial exports on Sunday, officials said.
Thai rubber futures ended higher on Friday with volume surging to a daily high with 117 contracts traded compared to 111 contracts on Thursday, dealers said.
Chicago Board of Trade soyabean futures ended mixed on Friday with nearby contracts supported by commercial buying, bull spreads and worries about tight US soyabean supplies through this summer, traders said.
Indonesian robusta farmers are holding back stocks in hope of better returns after local prices dived more than 10 percent week-on-week, tracking Brazil-linked weather concerns in the London market, traders say.
Shanghai copper futures closed down on Friday despite a strong overnight rise on the London Metal Exchange, as gains fast became losses in a rudderless market, traders said.
The Australian wool market made further gains with prices rising 0.9 percent on average values this week, buoyed by the continued weakness of the Australian dollar, analysts said on Friday.
NYBOT raw sugar futures reeled from a barrage of fund profit-taking and producer sales to settle weakly on Friday, scuttling a rally that hoisted the sweetener to its best level since early June, brokers said.
Comex gold went up another 1.6 percent on Friday after news of a record first-quarter US current account deficit caused a sell-off in the dollar on concern about US international trade competitiveness.
Comex copper closed with moderate losses on Friday, its direction being dictated primarily by the weaker dollar after a record US current account deficit was reported, but traders said the thin trading conditions accounted for exaggerated moves as locals
Oil prices rebounded this week, lifted by sabotage attacks on key pipelines in Iraq that halted the country's exports and reignited concerns over supply.
Russia may import more raw sugar in 2005 if it manages to rapidly eliminate excessive stocks accumulated in previous years, an analyst said on Thursday.
China and Brazil expect a costly dispute over soya imports to be resolved in upcoming talks, Brazil's president said on Friday after receiving a message from his Chinese counterpart.
The July vaida opened at Rs 487.50 and gained Rs 1.50 to claim to be the highest at Rs 489. Later trading depressed and it lost to turn lowest at Rs 487.50 and closing seen higher at Rs 488.80.
Around 3000 bales of cotton changed hands at declining rates on Saturday, also consoling the ginners that sales appeared to have been picking up, relevant sources said.
Brazil's currency eased on Friday as investors worried that a government defeat in a Senate vote on the nation's minimum wage could foretell further problems in passing economic reforms.
Euro zone inflation is set to drop below two percent, provided that wage demands do not soar on the back of high oil prices, European Central Bank President Jean-Claude Trichet was quoted as saying on Saturday.
India's foreign exchange reserves dipped for a second straight week to $119.35 billion on June 11, as the dollar posted small gains overseas against other major currencies and foreign funds pared positions, analysts said.
The Canadian dollar strengthened against the US currency on Friday as the greenback came under pressure following a report that showed the US current account gap widened to a new record.
Speculators in euro futures reduced its net long position in the week ended June 15, data from the Commodity Futures Trading Commission showed on Friday.
Bank of England policy maker Richard Lambert says the interest rate cycle is edging up but denies the Bank has abandoned its gradualist approach to raising rates, a newspaper said on Saturday.
Mexican stocks ended higher on Friday in low volume as investors awaited a likely US interest rate increase later this month, while the peso gained slightly.
The Canadian bond prices weakened across the board on Friday, as a lack of economic news left the market to wilt under the prospects of interest rate hikes on both sides of the border.
The Canadian bond prices weakened across the board on Friday, as a lack of economic news left the market to wilt under the prospects of interest rate hikes on both sides of the border.
South African banks like Absa and firms with a domestic focus are expected to attract interest next week in a market that is otherwise expected to trend sideways to lower, dealers said on Friday.
After more than a month-long cooling off period, software firm Salesforce.com Inc has returned to the calendar and is slated to hold its initial public offering next week.
Chile stocks gained for a fourth straight session on Friday, hitting a two-month high on news that Argentina would ease its natural gas cuts, adding to investor optimism over economic growth, traders said.
Argentine stock prices jumped 4.55 percent on Friday as investors went bargain hunting for blue chips like steelmaker Siderar after falls over the year, traders said.
Toronto stocks reversed early gains and closed lower on Friday as investors took profits after a week in which Canada's main equity market witnessed strong gains on higher commodity prices.
The Brazil's Sao Paulo Stock Exchange's benchmark Bovespa index ended flat on Friday at 20,333 points, up 2.5 percent for the week, as investors worried that a government defeat in a Senate vote on the nation's minimum wage could foretell further problems
There are some simple lessons for tracking credit quality, according to new research: watch independent ratings agencies before the big ones like Moody's, but if you watch the big ones focus keep an eye out for the word "negative."
There are some simple lessons for tracking credit quality, according to new research: watch independent ratings agencies before the big ones like Moody's, but if you watch the big ones focus keep an eye out for the word "negative."
US stocks advanced in a quiet session on Friday, helped by stabilising oil prices, but caution before a batch of key economic reports next week and a Federal Reserve meeting at month's end kept a lid on gains.
Coastguards in the United Arab Emirates rescued nine Iranians after their cargo ship sunk in bad weather off the coast of the Gulf state, official agency WAM said on Saturday.
Three British parliamentarians came under gunfire during a visit to the Rafah flashpoint in southern Gaza, but nobody was hurt, a British official said on Saturday.
Myanmar democracy icon Aung San Suu Kyi spent her 59th birthday under house arrest on Saturday as supporters held a vigil in the capital Yangon and Western governments pressured the country's military rulers to free her.
Iran said on Saturday it would decide in coming days whether to resume uranium enrichment activities after a tough UN resolution sharply rebuked Tehran for not co-operating fully with nuclear inspectors.
A bipartisan delegation of US senators paid a surprise visit to Baghdad on Saturday to discuss the June 30 handover of power with top US and Iraqi officials, a spokesman said.
Eighteen people, 14 of them policemen, were killed and more than a dozen injured when a police van and a bus were ambushed by Maoist rebels Saturday in south-western Nepal, a police official said.
Prime Minister Tony Blair hailed a first constitution for the European Union as a good deal for Britain on Saturday but now must sell it to his eurosceptic public in a referendum.
The National Aeronautics and Space Administration confirmed Friday that US space shuttle flights, suspended since the Columbia shuttle disaster in February 2003, will resume next March or April.