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
A little business was seen on the forward cottonseed oilcake market on Saturday as most of the buyers made some deals to cover the urgent needs, dealers said. The July vaida was unchanged at Rs 547.00 and that proved to be day's lowest at the same rate, d
Cautious trading was seen on the cotton market on Saturday as needy mills were purchasing cotton to meet their short-term requirements, dealers said. The official spot rate was unchanged at Rs 2500, without upcountry expenses. According to the market sour
Crude oil freight rates from most major exporting centres were mixed over the week, but rates from the Middle East Gulf to the east and Europe rose sharply. Very Large Crude Carrier (VLCC) rates on the benchmark Gulf to Japan and Gulf to Singapore routes
The buoyant transatlantic clean tanker market held on to its gains this week, following a rate hike above the W300 mark two weeks ago, ship brokers said on Wednesday. However, the rates are expected to soften in the near term amid limited chartering inqui
Freight rates for the benchmark Asian route eased from six-month highs of last week as demand for spot cargoes slowed and shippers turned their attention to handymax vessels.
Singapore bunker prices fell on Friday but demand remained strong for a fourth consecutive day with the differential to fuel oil cargo values rebounding to a slight premium, traders said.
The lineup of vessels waiting to load sugar in Brazilian ports dropped to 45 from last week's 51, shipping agent Williams said Thursday. It said in a weekly report that 36 vessels were lined up in the southern port of Santos, down from 40 last week.
The Karachi Port handled 121,346 tonnes of cargo including 94,559 tonnes import, 26,787 tonnes export cargo and 4,255 containers during last 24 hours ending at 0700 hours on Saturday.
China Shipping Development Co Ltd said on Friday it had signed a 10-year contract with China Petroleum and Chemical Corp (Sinopec) to provide transportation for importing crude oil into China.
Modest business was seen on the grain market on Saturday as many buyers remained on the sidelined due to steady arrivals from the upcountry centres, dealers said. On the cereals side, Masoor Canada gained Rs 50 to Rs 2750, Masoor dal Pak followed suit and
The trading in plastic mouldings ended higher on Jodia Bazar here, on Saturday. The following changes were seen. Hdpe Film (Per lb) - Saudia 952 moved upward by Rs 2 at Rs 47.25, Mobil ended higher by Rs 2 at Rs 47.25 and TR144 closed higher by Rs 2 at Rs
Rough rice futures at the Chicago Board of Trade closed higher on Friday, rallying from early declines on speculative buying and local short-covering, traders said.
Tokyo rubber futures rallied almost two percent on Friday as active short-covering emerged following recent steep losses, but gains were capped by growing views that the current tight supply situation will ease shortly.
Gold futures in New York settled 1.9 percent lower on Friday, slammed in thin volume by speculative profit-taking before the weekend, traders said. The market had climbed in early trade before suddenly retreating sharply at noon, as investors pared holdin
Raw sugar prices ended slightly higher on Friday due to trade and speculative buying although the overall tone of business seems to indicate lower prices going into next week, brokers said.
Further downgrades to Australia's wheat crop are looming as drought deepens across the continent, with national wheat exporter AWB Ltd considering whether to cut its forecast.
New York arabica coffee futures finished with only small losses on Friday traders said, but earlier follow-through fund selling sent prices down to levels unseen since early November 2004.
Cotton futures jumped on Friday, closing at a one-month high on renewed speculative fund buying, and analysts said the market could punch higher amid worries about a searing drought zapping the US cotton crop.
Tokyo gold futures fell by nearly two percent on Friday as Japanese investors lightened positions ahead of the weekend after prices drifted below key chart levels, reflecting falls in dollar-based prices. But traders were careful about selling too heavily
Certificated cotton stocks deliverable against New York Board of Trade's No 2 cotton futures contract as of July 20 totalled 649,747 (480-lb) bales, from 651,288 bales the previous session. There were 1,058 bales issued, 1,604 bales awaiting review and 0
Improved crop weather in the heart of US soy country drove Chicago Board of Trade soybean futures lower on Friday and to a fresh one-month low, traders said. "It's all weather right now; there were some rains around and it's not as hot," a trader said.
The price of crude oil, in line with many other commodities, sank last week amid rising hopes that a resolution might be found to the latest upsurge in violence in the Middle East. On Friday, the Commodities Research Bureau's index of 17 commodities stood
The New York Stock Exchange's regulation division on Friday said the specialist firms that trade on the NYSE floor actually netted nearly twice as much in the first quarter as it incorrectly reported on July 10.
Iran's government will try to avoid rationing gasoline from September 23 by seeking to dip into dollar reserves to pay for fuel imports, a member of parliament said on Saturday.
China has approved plans to build four civilian airports in the south-west and north-east of the country worth a total of $200 million as part of a drive to meet growing air traffic demand, state media said on Friday.
Microsoft Corp said on Friday it plans to release a new music and entertainment player and accompanying software under the "Zune" brand this year, in a belated attempt to challenge the dominance of Apple Computer Inc's iPod player.
Oman hopes its free trade pact with the United States to provide it with a market for new petrochemical and aluminium exports, helping the Gulf Arab state diversify its energy-dependent economy, a government official said on Friday.
Washington's most outspoken critics in Latin America held center stage at a Mercosur summit on Friday, giving a sharp leftward push to a meeting of South America's largest trade bloc.
Asian economies may well flinch as oil prices scale new highs again, but they are unlikely to buckle given efforts across the region to cut exposure to costly crude. On the surface, a sustained rise in oil prices, which hit a peak of $78.40 last week, sho
An independent report filed late Friday in an Arkansas court sided with Google over disgruntled advertisers who had sued the search engine giant accusing it of trying to drive up fees through so-called click fraud.
A US senator raised expectations late Friday of a new European Union offer in world trade talks, and a senior Bush administration official agreed the time was right for Brussels to make that move.
Etihad Airways, the UAE's national airline, is continuing to expand its international network of destinations with the announcement that from October 26, it will fly daily to Terminal 4 at New York's JFK airport, says a press release issued on Thursday.
AstraZeneca Plc has won US approval for its asthma drug Symbicort, significantly earlier than expected, but the company said on Saturday it would not launch it in the United States until mid-2007.
Cingular Wireless' credit default swaps were little changed on Friday after the company reported better-then-expected second-quarter results, and while analysts may disagree how many challenges lay ahead, most believe its swaps have little upside.
Cingular Wireless' credit default swaps were little changed on Friday after the company reported better-then-expected second-quarter results, and while analysts may disagree how many challenges lay ahead, most believe its swaps have little upside.
Brazilian stocks fell on Friday, tracking declines in US equity markets and after the central bank stepped into the foreign exchange market to buy dollars. The benchmark Bovespa index at the Sao Paulo Stock Exchange lost 0.9 percent to close at 35,510.4 p
Most spreads on US corporate bonds were little changed on Friday, while Canadian drugstore Jean Coutu Group Inc's bonds rose in the high-yield market. Jean Coutu's bond price rose after sources said some retailers and private equity firms have take-over i
Most spreads on US corporate bonds were little changed on Friday, while Canadian drugstore Jean Coutu Group Inc's bonds rose in the high-yield market. Jean Coutu's bond price rose after sources said some retailers and private equity firms have take-over i
US Treasury debt prices slipped on Friday, taking a breather after a week of strong gains on comments by Federal Reserve Chairman Ben Bernanke that fuelled hopes the Fed was near the end of its rate-raising cycle.
US Treasury debt prices slipped on Friday, taking a breather after a week of strong gains on comments by Federal Reserve Chairman Ben Bernanke that fuelled hopes the Fed was near the end of its rate-raising cycle.
Tried and true industries like health care, insurance, and oil and gas will take center stage on the initial public offering market over the next couple weeks - and that's no coincidence.
A flood of results will set the direction for European stock markets next week as the earnings parade gets into full swing, with figures so far painting a mixed picture of corporate profitability. About 30 percent of companies in the DJ Stoxx European ind
Argentine stocks slumped in light trading on Friday, falling along with regional markets. The MerVal index of 12 leading shares fell 1.11 percent to 1,620.45 points, racking up a loss of 5.3 percent so far in June but 5.3 percent gain in the year-to-date.
Mexican shares reversed losses to finish marginally higher on Friday, with losses in blue chip America Movil offset by gains in retail powerhouse Wal-Mart de Mexico. The peso gave ground. The IPC index ended the session 0.09 percent higher at 19,527.37 po
Toronto stocks closed lower on Friday on concerns that lower than expected inflation numbers for June could signal an economic slowdown. The Toronto Stock Exchange's key S&P/TSX composite index closed down 47.17 points, or 0.4 percent, at 11,418.33. The f
The Canadian bond prices took flight after the inflation data on Friday, sharply outperforming US treasuries and widening the gap between US and Canadian yields. Bonds gave some of their gains as the day progressed and volumes dried up.
The Canadian bond prices took flight after the inflation data on Friday, sharply outperforming US treasuries and widening the gap between US and Canadian yields. Bonds gave some of their gains as the day progressed and volumes dried up.
Chilean stocks slipped in listless trade on Friday, following global markets downward as the first earnings reports came in and the peso edged down against the dollar. The IPSA blue chip index fell 0.43 percent to 2,073.13 points while the all-market IGPA
US stocks fell on Friday, led by a drop in technology shares, after a profit warning from personal computer maker Dell Inc as a volatile week in stocks drew to a close, investors also worried about news that Israel intends to step up pinpoint raids into S
China needs to widen the yuan's trading band to introduce greater currency flexibility to help cool speculation and rein in excess liquidity, an influential government economist said in remarks published on Friday.
Currency speculators in International Monetary Market futures in the week ending July 18 aggressively increased their bets that the Japanese yen will weaken, data released on Friday showed.
Bank of Japan Deputy Governor Toshiro Muto, speaking a week after the central bank raised interest rates for the first time in six years, reassured markets on Friday that future rate rises would be gradual.
The dollar weakened across the board on Friday, most notably against the yen, as speculation grew that the Federal Reserve may pause its rate-raising campaign next month. After touching three-month highs two days ago, the dollar exited North American trad
The Canadian dollar plunged broadly on Friday as an unexpectedly benign June inflation report cemented the belief that the Bank of Canada's tightening cycle has reached its end. Bond prices charged ahead, outperforming US treasuries, as dealers priced out
Spain's David Ferrer beat Tomas Berdych 6-3 7-5 in their semi-final at the Mercedes Cup claycourt event in Stuttgart on Saturday. Third seed Ferrer sealed victory when his 20-year-old Czech opponent served a double fault on match point. "Naturally I am ve
Fast bowler Shoaib Akhtar has promised to pose England's batsmen even more of a threat than he did last year when he returns to Pakistan's Test team. "I still can't set a comeback time for Pakistan, though I know the third or fourth Tests have been mentio
India's weightlifters will miss the Asian Games later this year after their federation was given a one-year ban and fined $50,000 for doping violations, an official said on Saturday.
England captain Andrew Flintoff has been ruled out for some 12 weeks after being told on Saturday that he needs surgery on his injured left ankle, the England and Wales Cricket Board (ECB) announced.
Serena Williams continued to roll at the rainy WTA Tour hardcourt tournament here Friday, booking her semi-final berth with a 6-2, 6-2 victory over fellow American Amy Frazier.
The chase was on in the third round of the British Open here on Saturday as Tiger Woods' saw his lead evaporate in the space of a few holes. Woods started the day at 12-under, one clear of Ernie Els, three ahead of Chris DiMarco and four ahead of Retief G
Australia began their Champions Trophy defence with a 3-2 win over Pakistan in the opening game of the men's field hockey tournament here on Saturday. With the mercury nudging 38 degrees (100-degree Fahrenheit), Pakistan turned the heat on the Kookaburras
Fears of disease grew in Indonesia's tsunami-hit areas on Saturday as thousands of people camped out in the heat with no clean water five days after the disaster that killed nearly 700 people.
Gunmen loyal to Somalia's religious group fought government forces on Saturday in a brief clash some 120 kms (74 miles) from the interim government's base, source said, heightening fears of all-out war.
Iranian President Mahmoud Ahmadinejad has been lobbying Muslims to be more active in seeking an end to Israel's continuing assault on Gaza and Lebanon, his office said Saturday.