The euro has gained nearly rupee one in relation to the local currency in the open market on Saturday after breaking Rs 79 barrier for buying and selling at Rs 79.40 and Rs 79.50, respectively.
The euro has gained nearly rupee one in relation to the local currency in the open market on Saturday after breaking Rs 79 barrier for buying and selling at Rs 79.40 and Rs 79.50, respectively.
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
Modest trading was seen on the forward cottonseed oil cake market on Saturday as most of the players were involved in fresh buying, dealers said. The January vaida was unchanged at Rs 693.00 and proved to be day's best at the same level, closing was seen
Rising trend was seen on the cotton market on Saturday as official spot rate was up, dealers said. The Karachi Cotton Association (KCA) official spot rate gained Rs 25 to Rs 2450, without upcountry expenses. The Phutti prices in Sindh and Punjab quoted up
Argentine soya's closing prices and trends on Friday: Soya closed higher at 620 pesos ($200) per tonne in main grain port of Rosario, compared with Thursday's 613 pesos. It was their sixth straight rise and traders said prices increased on gains in influe
Wheat futures on the Chicago Board of Trade rallied to close 3 percent higher on Friday on fund buying amid the plunging value of the dollar, traders and analysts said.
Hard red winter wheat futures at the Kansas City Board of Trade ended sharply higher on Friday as dry weather worries and a falling dollar pushed new-crop contracts to new highs.
Steady trend was seen on the grain market on Saturday as most of the items fluctuated with slight increase in process of trading, dealers said. On the grams side, gram Punjab was up by Rs 100 to Rs 3300-3400, gram dal Punjab gained the same amount to Rs 4
The trading on tea sector moved down on Jodia Bazar here on Saturday. The following changes were noted: Kenya Tea (Per kg): PF-1 A Grade ended downward by Rs 4 at Rs 196, B Grade went lower by Rs 8 at Rs 184, plus C Grade closed down by Rs 12 at Rs 168 an
Chicago Board of Trade corn futures rallied nearly 2 percent on Friday on a falling dollar and a surge in wheat, traders and analysts said. "Typically when we see the dollar drop the perception is for an improved export outlook and I think that's in the b
The Karachi Port handled 75,408 tonnes cargo including 58,433 tonnes import, 16,975 tonnes export cargo and 1,737 containers during last 24 hours ending at 0700 hours on Saturday.
Chicago Board of Trade rough rice futures closed lower on Friday in a shortened session after the US Thanksgiving holiday, pressured by a disappointing export pace, traders said.
European wheat prices ebbed on Friday as a stronger euro dented export prospects and the EU's latest sales of intervention stocks to the internal market weighed on sentiment, traders said.
Shanghai rubber futures fell by 6 percent in the week ended on Friday, falling in line with Tokyo futures as ample physical supply conditions continued to undermine overall sentiment.
Most of the markets in United States closed on Thursday and Friday to observe Thanksgiving holiday. All the financial and commodity markets will re-open on Monday.
Turkish cotton prices fell last week as farmers raised their supply to factories to pay debts, traders said on Friday. Benchmark standard-1 cotton was sold for 1.85 lira per kg ($1,254 per tonne), down from 2.05 lira last week.
The Australian Wool Market eased last week, finishing the week 2.0 percent lower, on average, at sales in Sydney, Melbourne and Fremantle. The AWEX EMI decreased by 18c (-2.1 percent) ending the week at 826c/kg clean.
China will become a net importer of corn within just a few years due mainly to a steep rise in demand from industries turning it into fuel or using it for animal feed, state press said Friday.
Workers at Mexico's sugar mills ended a 9-day strike which had threatened the start of the upcoming harvest, the Labour Ministry said on Friday. Workers at Mexico's 58 sugar mills went on strike on November 16 to pressure mill owners for payment of pensio
Shipping delays saw tea exports from India, the world's largest producer and consumer, fall by an annual 15.1 percent in September, although production rose from a year earlier, a senior Tea Board official said on Friday.
Chicago Board of Trade soyabean futures closed higher on Friday after reaching contract highs across the board, supported by strong weekly export sales and a weaker dollar that may spur additional business, traders said.
Gold and silver prices shot higher after the dollar sank to its lowest level against the euro on Friday in off-hours trading here, analysts said. The open-outcry futures market was closed this day after the US Thanksgiving holiday.
The price of nickel and platinum hit historic highs last week, while other dollar-sensitive metals such as gold, silver and copper also posted strong gains. After coming under pressure early in the week, oil prices also advanced, while commodities like su
The German government expects to announce soon a plan to maintain the country's influence at aerospace group EADS should shareholder DaimlerChrysler cut its stake as planned, a German magazine reported.
Belgian-Dutch financial services group Fortis said on Thursday it had signed an agreement to set up a life insurance joint venture in India. Fortis will own a 26 percent stake in the venture, while India's Federal Bank and the Industrial Development Bank
A survey of some of Britain's biggest pension schemes published on Saturday said only a small share of them disclosed investment views on controversies such as climate change and company governance.
State refiner Kuwait National Petroleum Co (KNPC) said on Saturday it had postponed the award of a tender for a new 615,000 barrels per day refinery by three months to March due to delayed bidding by international firms.
Germany's economic growth outlook for next year is healthy despite a looming rise in sales tax, Finance Minister Peer Steinbrueck told Spiegel magazine in an interview released on Saturday.
Saudi Oil Minister Ali al-Naimi said on Saturday Opec would cut oil output again when it meets in December if recent supply curbs failed to balance the market. Oil prices were not a decisive factor, said the oil minister of the world's top oil exporter an
Brazil's government needs to slash spending on pensions and workers' salaries to free up funds for investment in a bid to stoke economic activity, the Organisation for Economic Co-operation and Development said in a report on Friday.
Singapore and six Gulf Arab states have agreed to start talks for a free trade agreement (FTA), the government said on Saturday. The trade pact will help contribute towards the process of economic integration between the Gulf Co-operation Council (GCC) me
Asia has become more resilient to risks of financial crisis, but further development of its financial markets is vital to match its growing and increasingly interdependent economies, a senior Bank of Japan official said.
Poland's jobless rate fell to an almost six-year low in October, data showed on Friday, and a statistics office official said the economy likely grew at least 5.5 percent in annual terms in the third quarter.
Nigeria, Russia and Venezuela are among major oil producers that have yet to fully comply with global oil database JODI, set up to increase transparency in energy markets, its co-ordinator said on Saturday.
The European Commission will propose next week ending disciplinary action against France over its excessive budget deficit, a draft proposal showed, marking an end to a long dispute with Paris over fiscal policy.
Venezuela has hit Royal Dutch Shell with a $17.7 million tax tab, the nation's Seniat tax authority said Friday. The Seniat said in a statement that the charge related to "transfer prices," part of a broad investigation into income tax payments. Shell was
China, seeking to ease its dependence on coal to fuel its booming economy, said on Tuesday it will build the world's largest solar power station in the poor but sunny north-western province of Gansu.
Countries holding large stockpiles of foreign exchange reserves face problems diversifying their holdings away from dollar-denominated assets because of the potential market reaction to any such move, a senior Chinese forex official said on Saturday.
Wall Street investment bank Goldman Sachs has agreed to buy a 10.7 percent stake in Chinese appliance maker Midea for 717 million yuan ($91 million), the Chinese company said on Saturday.
Wall Street investment bank Goldman Sachs has agreed to buy a 10.7 percent stake in Chinese appliance maker Midea for 717 million yuan ($91 million), the Chinese company said on Saturday.
Brazilian stocks fell on Friday from a record high set in the previous session. The Bovespa index of the Sao Paulo Stock Exchange fell 0.74 percent to close at 41,757 points, after closing at 42,069 on Thursday.
Ecuador's bonds performance for November turned negative on Friday after an opinion poll showed a market-friendly presidential candidate no longer leads the country's run-off on Sunday.
Ecuador's bonds performance for November turned negative on Friday after an opinion poll showed a market-friendly presidential candidate no longer leads the country's run-off on Sunday.
US Treasury debt prices rose in thin trade on Friday, with benchmark yields briefly dipping to nine-month troughs, as a plunge in the dollar caused some investors to switch from stocks into government bonds.
US Treasury debt prices rose in thin trade on Friday, with benchmark yields briefly dipping to nine-month troughs, as a plunge in the dollar caused some investors to switch from stocks into government bonds.
Argentine stocks closed at an all-time high on Friday in light trade amid selective buying by institutional investors, traders said. The benchmark MerVal index of 13 leading shares rose 0.51 percent to 1,943.63, surpassing a previous record close of 1,943
US corporate bonds held near the tightest levels since June on Friday and more spread tightening may be likely this year on increased appetite for risk. Corporate bond spreads were little changed after the US Thanksgiving holiday on Thursday and an early
US corporate bonds held near the tightest levels since June on Friday and more spread tightening may be likely this year on increased appetite for risk. Corporate bond spreads were little changed after the US Thanksgiving holiday on Thursday and an early
Strong economic growth and a wave of mergers and acquisitions will drive Asian firms to borrow more in the international bond markets, driving up issuance by 20 percent a year or more, a Standard & Poor's (S&P) executive said.
Strong economic growth and a wave of mergers and acquisitions will drive Asian firms to borrow more in the international bond markets, driving up issuance by 20 percent a year or more, a Standard & Poor's (S&P) executive said.
Mexico's stocks set a fresh record close on Friday. The IPC index closed up 0.25 percent at 24,792.89 points, posting its fourth consecutive record closing high after the central bank held a key interest rate steady and issued an upbeat assessment of infl
On the back of its high-growth oil economy, Kazakhstan sees itself as well-positioned to fill a financial void in the trading of shares in small and medium-sized firms in the region.
On the back of its high-growth oil economy, Kazakhstan sees itself as well-positioned to fill a financial void in the trading of shares in small and medium-sized firms in the region.
Standard Bank launched Uganda's biggest initial public offering (IPO) on Friday, offering 20 percent of its Ugandan unit in a share auction that is expected to raise more than 71 billion shillings ($39.11 million).
Standard Bank launched Uganda's biggest initial public offering (IPO) on Friday, offering 20 percent of its Ugandan unit in a share auction that is expected to raise more than 71 billion shillings ($39.11 million).
Chilean stocks eased slightly on Friday from another week of record highs as investors shrugged of valuation worries. The all-market IGPA index slipped 0.09 percent to 11,659.58, while the blue chip IPSA index fell 0.06 percent to 2,542.70, preliminary cl
The Toronto Stock Exchange's main index touched a record peak of 12,663.13 points on Friday before easing to end flat after a bullish week driven by producers of raw materials.
Friday's sharp rise in the euro, coming after months of low volatility in currency markets, could have caught some European companies off guard and may prompt them to reassess how they hedge their foreign exchange risk.
The dollar fell sharply on Friday, pushing the euro above $1.31 for the first time since April 2005, on concerns about central banks diversifying their reserves and the greenback's narrowing yield advantage over other currencies.
The Canadian dollar jumped on Friday as the greenback came under heavy global selling pressure in favour of European currencies, thanks to strong European economic data and a perception that some central banks may diversify away from US-dollar denominated
The dollar's dramatic slide this week will ensure US data remain the prime focus for the currency market, especially now the outlook for US monetary policy is a lot foggier than in other regions.
West Indies were hoping to give Pakistan another tough fight and register a series-levelling win in the third Test which starts here from Monday. The tourists dominated Pakistan and pressed hard for a win before the home team salvaged a creditable draw in