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
Bangladesh's wheat production this summer is likely to fall by 20 percent to less than 900,000 tonnes due to a lack of rain in recent months, agriculture officials said on Saturday.
Firm trend was seen on the grain market on Saturday as most of the items maintained overnight levels, dealers said. On the cereals side, wheat Mexipak quoted at Rs 1030 in process of trading, they said.
Mills remained on the sidelines on the cotton market on Saturday due to less buying interest, dealers said. The official spot rate was unchanged at Rs 2425, without upcountry expenses. Cotton prices were mostly drifting in both Sindh and Punjab due to abs
Trading on dyes sector closed mixed on Jodia Bazar on Saturday. The following changes were noted in sulphur dyes China Blue BRN up Re 1 to Rs 89, Brown GDR down Rs 4 to Rs 50, Olive down Rs 4 to Rs 51.
Nearby coffee futures slipped more than 1 percent on Friday as speculators took profits from the 4 percent gain of the previous day, said traders who also cited general weakness across the commodity spectrum.
US copper futures ended with modest losses after scaling to new all-time records on Friday as some investors booked profits after the market's almost five percent rally this week, sources said.
Private group Australian Crop Forecasters (ACF) has added its voice to a growing number of organisations that have issued predictions of a solid Australian wheat crop for the 2006/07 season.
India's soyameal exports in March has soared to 750,000 tonnes, a record for the month, as a bird flu outbreak and buoyant supplies reduced domestic demand and brought down prices, an industry official said Friday.
In another week when the US exchange rate dropped, the Australian Wool Market finished the week 0.8 percent lower, on average, at sales in Sydney, Melbourne and Fremantle.
Chicago Board of Trade rough rice futures rallied on Friday, gapping higher on the open with the May contract reaching a two-week high after the USDA projected a sharp decline in US rice acreage, traders said.
Raw sugar futures crumbled from a late barrage of speculative sales and switch trade to end softer on Friday, but the market's outlook remains bullish and most analysts feel higher prices are likely in the days ahead.
Benchmark cocoa futures shed 1.3 percent on Friday, weakened by active speculative selling and spread trading on the last trading day of the first quarter, market sources said.
Precious and base metals raced to historic and multi-year high points last week on heavy buying by investment funds. "Base and precious metals remain in a virtuous circle with each appearing to feed off the strength of the others," UBS analyst Robin Bhar
Singapore bunker prices rose on Friday, but failed to match the rise in fuel oil cargo values, dragging premiums lower, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $331-$333 a tonne, up $1 from Thursday's Asian close, with the
Hutchison Whampoa Ltd, the world's largest container port operator, has won approval to develop a new container terminal in Britain, at a reported cost of 300 million pounds ($524 million).
South Korea's Hyundai Heavy Industries Co, the world's largest shipbuilder, said on Saturday it has won a record $2.6 billion worth of orders in March to build 24 vessels.
Asian shipping rates were a shade firmer this week, supported by steady demand for South American grain, brokers said on Tuesday. In the period market, time-charter rates for the benchmark route from the US Gulf to Japan were estimated at $20,000 or more
The Karachi Port handled 93,560 tonnes of cargo including 73,733 tonnes import and 19,827 tonnes export cargo including 3,792 containers during last 24 hours ending at 0700 hours on Saturday.
Record metals prices are luring more and more foreign miners to mineral-rich Asia, a region long-ignored by western firms, but security and political risks remain a concern for companies seeking to reap huge returns.
Faced with inflation running at twice the euro zone target, Spain introduced a bundle of small measures on Friday to try and tame price rises in areas as diverse as cargo trains and mortgages.
The United States and the European Union are unlikely to negotiate a settlement to a dispute over subsidies for aircraft rivals Boeing and Airbus, US trade officials told reporters on Friday.
Some economists think that as the US labour market tightens and wages rise, working-age Americans sitting on the sidelines will decide it is worth their while to start looking for work again.
Algeria will spend $5 billion in the next five years to renovate its rail network and link it to neighbours Tunisia and Morocco, the state railway company said on Saturday.
Germany's finance ministry is warning against the introduction of a minimum wage, which could set Finance Minister Peer Steinbrueck on a collision course with Chancellor Angela Merkel, a magazine reported on Saturday.
French left-wing parties rejected President Jacques Chirac's call for dialogue on Saturday, reaffirming their plans to march next week against a youth job law they insist the government should withdraw.
Natural resources, agri-business and power generation are the bricks with which to rebuild Afghanistan's broken economy but security risks in the country are a major obstacle to investment outside of aid plans, Central Bank Governor Noorullah Delawari sai
A former Bank of China manager convicted in the United States before being deported to face corruption charges at home has been sentenced to 12 years in prison, the official Xinhua news agency reported on Saturday.
When the grand old man of consumer brands, Coke, found it had lost a little of its shimmer, it turned to the latest brand sensation - iPod - for inspiration.
Bangladesh, which has tightened its borders following the outbreak of bird flu in India, said on Saturday that its frontier guards seized and burned about 16,000 chickens smuggled from the neighbour in the past two days.
Some of the world's top bankers bemoaned on Friday growing red tape which is burdening the global banking industry, and they appeared to get a sympathetic hearing from US and British regulators.
Euro swap rates extended their recent rise on Friday and widened over benchmark bond yields as concerns ahead of next week's European Central Bank meeting combined with month-end pressures in the bond market.
The dollar rallied on Friday after a slew of economic data reinforced the view that the Federal Reserve will most likely raise US rates at least once more this year.
The Canadian dollar eased steadily versus the US currency on Friday, falling with commodity prices and on a mildly disappointing read on economic growth to start the year.
Emerging markets are looking increasingly vulnerable as a high tide of liquidity, which has funded an investment spree and driven up asset prices to record levels, starts to turn, a top US banker said on Friday.
Emerging markets are looking increasingly vulnerable as a high tide of liquidity, which has funded an investment spree and driven up asset prices to record levels, starts to turn, a top US banker said on Friday.
Currency speculators in the week to Tuesday increased their bets on the dollar strengthening on a broad basis against six major currencies, data showed on Friday.
Credit default swap spreads on Bombardier Inc and its finance subsidiary continued to rally on Friday following the company's reporting of a jump in fourth-quarter profit, but analysts said it still faces longer-term risks to its jet business.
Credit default swap spreads on Bombardier Inc and its finance subsidiary continued to rally on Friday following the company's reporting of a jump in fourth-quarter profit, but analysts said it still faces longer-term risks to its jet business.
Mexican stocks came out on top after a volatile month-end session on Friday, with hefty gains in house builder Geo and Banorte bank. The benchmark IPC stock index finished 0.31 percent higher at 19,272.63 points after spending much of the day in negative
Brazil's stocks rose on Friday as new economic appointments pleased investors but ended the month in the red on concerns about economic policy at home and rising interest rates in leading world economies.
The Toronto Stock Exchange's benchmark index fell more than 95 points on Friday as investors punished energy shares as oil retreated from highs reached earlier in the week.
A dearth of large deals left US initial public offering volume slightly lower in the first quarter of 2006, but a backlog of heavyweight offerings has set the stage for a more robust second quarter.
European shares are expected to stay around near five year highs next week with the take-over boom continuing to support despite prospective jitters from a European Central Bank rate decision and US non-farm payrolls.
US corporate bond spreads edged tighter on Friday, while the price of General Motors Acceptance Corp (GMAC) bonds rose amid hopes that a partial sale of the GM finance unit would soon be announced.
US corporate bond spreads edged tighter on Friday, while the price of General Motors Acceptance Corp (GMAC) bonds rose amid hopes that a partial sale of the GM finance unit would soon be announced.
Argentine stocks retreated on Friday as investors took profits after recent all-time highs, but traders said the market's long-term trend hinged on bank interest rates and the US bond markets.
Chilean blue chips slipped in quiet trade on Friday, as traders said investors exercised end-of-quarter caution, while the peso advanced for a third day against the dollar on continued high copper prices.
US stocks fell on Friday as a drop in crude oil prices drove energy shares lower, but all three major stock indexes had their best first-quarter performance in at least four years.
Fast bowler Makhaya Ntini took five wickets and put opening batsman Justin Langer in hospital as South Africa took a slight advantage on the second day of the third and final Test against Australia at the Wanderers Stadium her on Saturday.
A posse of Australian golfers will descend on Augusta next week in a bid to end 70 years of heartbreak at The Masters. For the opening Major of the year is one of the very few sporting pinnacles that the men from Down Under have failed to conquer.
Phil Mickelson posted the lowest 36-hole total of his career on Friday to take a six-shot lead at the halfway stage of the 5.3 million-dollar BellSouth Classic.
The Sri Lankan team is hoping to give former skipper Sanath Jayasuriya a grand farewell by winning the second and final Test against Pakistan starting here on Monday.
Swiss No 1 Roger Federer routed 11th seed David Ferrer at the 6.9 million-dollar ATP Masters Series and WTA Hardcourt Tournament here on Friday to reach his 11th straight tournament final.
Hundreds of people fled their flood-threatened homes across Central Europe with many more on standby for evacuation as the levels of some rivers continued to rise Saturday.
Gunmen from Palestinian President Mahmoud Abbas's Fatah movement fired off guns in a show of force in Gaza on Saturday, defying orders from Prime Minister and Hamas leader Ismail Haniyeh to stay off the streets.
A son of former Liberian President Charles Taylor has been charged with passport fraud and is in US custody, a spokeswoman for the US immigration service said on Saturday.
Five US soldiers were wounded in a roadside bomb blast in Afghanistan on Saturday while, in a separate incident, a suicide bomber blew himself up in an attack on Canadian troops, military officials said.
A Soyuz spacecraft delivered Brazil's first astronaut and a Russian-US crew to the orbiting International Space Station (ISS) on Saturday, two days after blasting off from earth.
Thais vote on Sunday in a general election called by Prime Minister Thaksin Shinawatra to rout a campaign to oust him but likely to plunge the country into a constitutional mess.
Iranian authorities were battling Saturday to provide shelter and aid for thousands of people left homeless by a 6.0 magnitude earthquake in the west of the country that killed 70 people.
President General Pervez Musharraf is expected to inaugurate the Punjab University Campus at Gujranwala in the first week of April. A spokesman of the Punjab University - Gujranwala campus, told Business Recorder here on Saturday.
The government has launched 'TB Dots' Programme to eradicate the deadly but curable disease in the province, said the programme co-ordinator Dr Mohammad Akhtar here on Saturday.
Union Group of Companies will construct a cement plant with estimated cost of Rs 8 billion in Khushab. A Memorandum of Understanding (MoU) was signed between the company and China Building Material Corporation (CBMC) here on Saturday at a local hotel.
Underlining the importance of the use of latest technologies in the industrial sector to improve productivity and competitiveness of products, Prime Minister Shaukat Aziz has called upon the private sector to use innovative technologies for enhanced produ
The Chief Justice of Pakistan Justice Iftekhar Muhammad Chaudhry has said the cherished goal of knowledge-based society with a scientific outlook couldn't be achieved without hard work and dedication.
National Accountability Bureau (NAB) had filed a reference before the Accountability Court involving charges that Asif Ali Zardari had accumulated properties, assets and bank accounts through corrupt practices in "collusive arrangement" with his spouse Be
Commending Al-Tuwairqi group's decision to establish steel complex at Bin Qasim, the Senate Chairman Muhammadmian Soomro on Saturday said it would play the pioneering role in encouraging other investors to come to Pakistan and take advantage of the invest
The earthquake displaced persons in North-West Frontier Province (NWFP) are returning to their villages at 'an unseemly rate', according to the office of the United Nations High Commissioner for Refugees (UNHCR).
Pakistan and the United States are "at an advanced stage of negotiations" to decide and announce a Bilateral Investment Treaty (BIT), US official sources disclosed.
I draw the attention of the concerned authority, including the Minister, to look into the issue of reckless driving to enforce a law that protects the interests of the owners of the vehicles and as well as the victims.
The problems of Pakistan are due to the fact that it is governed by those who neither have the capability, nor the vision nor are they cut up for the job.
When Wal-Mart Stores Inc opened its first store in Shenzhen a decade ago, the local newspaper headline proclaimed, "The Wolf is Coming." The world's biggest retailer has not exactly devoured China's retail sector since then, opening just 56 stores, but it