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
Sluggish business was seen on the grain market on Saturday as leading buyers were on the sidelines due to rising trend in the prices, dealers said. On the cereals side, urad Burma posted fresh gain of Rs 25 to Rs 1550-1850. Other commodities did not show
Higher trend was witnessed on the forward cottonseed oilcake market on Saturday as supply was short of demand, dealers said. The March vaida was inert at Rs 692.00. Later, it picked kup Rs 4.50 to be day's best at Rs 696.50 and closing was seen at the sam
Trading activity picked up on the cotton market on Saturday as mills increased buying after the short arrival figure by the PCGA, dealers said. The Karachi Cotton Association (KCA) official spot rate maintained the overnight level at Rs 2,525, without upc
US Plains hard red winter wheat basis bids were steady to firmer on Friday with farmer selling still limited, grain merchants said. The basis in Lincoln, Nebraska, was 5 cents firmer and the market generally continued to hold a firm tone amid the light fa
US cocoa futures contracts closed lower on Friday, the first day of side-by-side electronic and open-outcry trade, after early buying support waned, traders said.
Wheat futures on the Chicago Board of Trade settled higher in thin trade on Friday, rallying from early declines as soyabean futures surged to contract highs, traders said.
US copper futures settled at their cheapest levels in ten months on Friday as broad-based liquidation pressure hit the base metals complex partly tied to reports of heavy losses at a London-based hedge fund, traders said.
Certificated cotton stocks deliverable against New York Board of Trade's (NYBoT) No 2 cotton futures contract as of February 1 totalled 520,275 (480-lb) bales, from 538,627 bales the previous session. There were 3,876 bales issued, 30,937 bales awaiting r
Chicago Board of Trade rough rice futures consolidated on Friday, closing mixed and rangebound after late pressure from technical sales, traders said. Past-noon selling by local traders pushed the market into stops, one broker said.
Raw sugar futures slumped on Friday, ending at a four-month low on speculative sales and switch trade, and brokers expected more pressure on prices next week from investors getting out of the spot contract.
US arabica coffee futures closed quietly lower on Friday as the market consolidated on local liquidation and origin selling while participants adjusted to the new side-by-side electronic and open-outcry system, traders said.
The Chicago Board of Trade soyabean market rose to a 1-1/2 year high on Friday in a technical rally, spurred by the strength in soyaoil which hit its highest point in 2-1/2 years, traders said.
US gold futures finished nearly two percent lower on Friday, capping a week with some volatile price swings, hurt by fund and technical selling, a sharply higher dollar and news that the United States had no plans to go to war with Iran.
A strong 2 percent surge in soya helped lift Chicago Board of Trade corn futures to a higher close on Friday as investment funds returned to the buy-side in CBoT ag futures, traders said.
World oil prices jumped higher for the second week in a row, energised by falling heating fuel stocks and colder winter weather in the United States. The Commodities Research Bureau's index of 17 commodities rose to 297.90 points on Friday at about 1700 G
Singapore bunker prices rose on Friday, while the differential to fuel oil cargo values jumped to $18-$19 a tonne, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $324-$326 a tonne.
Neptune Orient Lines, which runs the world's eighth-biggest container shipping line, carried 12 percent more cargo on its ships in the six weeks to December 29, while revenue per container fell 10 percent.
Five Egyptian ports on the Red and Mediterranean Seas were closed on Saturday because of bad weather, an official said. The Red Sea ports of Port Tawfik, el-Adabia and el-Zeitia were closed because the wind had risen to 35 knots and waves were about four
PSA International, the world's biggest ports company, has been granted an investment licence to develop a new container port in Vietnam's southern Vung Tau province, the Singapore state-owned firm said on Saturday.
Panama said on Friday it plans to hike tariffs for all ships using its famous shortcut between the Pacific and Atlantic oceans to pay for the waterway's biggest-ever overhaul.
The Karachi Port handled 105,148 tonnes cargo including 79,950 tonnes import, 25,198 tonnes export cargo and 4,048 containers during last 24 hours ending at 0700 hours on Saturday.
General Motors Corp plans to reduce sales to car rental agencies by an additional 100,000 units in 2008, capping a three-year effort to cut back on such cut-rate sales, the automaker's North American chief said on Friday.
Asia-Pacific pension funds appear keen to embrace an increasingly popular strategy that lets them manage more of their money using the same tools as hedge funds, say Merrill Lynch executives.
Asia-Pacific pension funds appear keen to embrace an increasingly popular strategy that lets them manage more of their money using the same tools as hedge funds, say Merrill Lynch executives.
Japan Airlines Corp (JAL) will cut about 3,000 jobs as part of a move to reduce staff costs by some 50 billion yen ($413 million) in fiscal 2009/10 from the current year, a financial daily reported on Saturday.
Dubai plans to achieve economic growth of 11 percent per year to 2015 and almost double its workforce, the Gulf emirate's ruler said on Saturday. Outlining the next phase of a development drive that has turned the tiny desert emirate into the commercial h
Beijing said on Saturday it was "a pity" that the United States had sought World Trade Organisation involvement in a dispute over China's industrial subsidies. Quoting a spokesman for the Chinese Ministry of Commerce, the official Xinhua news agency said
German Chancellor Angela Merkel plans to meet Airbus chief Louis Gallois before the European planemaker's parent company EADS announces a cost savings programme on February 20, a magazine said on Saturday.
Google Inc said on Friday its board of directors had agreed to pay executive officers a bonus of up to $1.5 million total for 2006, but it was not clear if the plan applied to the billionaires who started the Web search leader.
Bank of Italy Governor Mario Draghi on Saturday called on Italy's trade unions to accept that competition and merit should take a role in public sector contract negotiations.
Democrats in the US Congress plan to renew efforts, possibly as soon as next week, to give the Food and Drug Administration regulatory authority over cigarettes, three congressional aides said on Friday.
The European Union wants to take a tougher line against countries outside the EU that help their small and medium-sized companies to win government contracts, trade diplomats said on Friday.
Indian Prime Minister Manmohan Singh said on Saturday reducing inflation, which spiked over six percent last week, is a priority for his government and measures were being taken to ease the price pressures.
ABN Amro, the biggest Dutch bank, said on Friday it is closing its oil, natural gas and freight derivatives trading operations but denied the change came after trading losses.
E.ON has no clear signal from two top Endesa shareholders over its final $53 billion bid for the company that is expected to boost the German utility earnings immediately in a successful deal. Spain's construction group Acciona and Caja Madrid together co
Japan's low interest rates and weak currency have been credited for helping generate the sea of cheap cash that has buoyed global markets, but worries about an imminent and devastating end to the so-called carry trade may be overstated - for the time bein
The dollar rose on Friday after US payrolls data showed moderately healthy job growth, but did not make the case for a near-term change in interest rates. The greenback got an added boost against the euro after Market News International cited "well-inform
The Canadian dollar fell to fresh 14-1/2 month lows against the US currency on Friday, falling initially on US jobs data and extending its decline despite recovering oil prices.
Speculators built up record positions against the yen for a third straight week and also increased their bets against the Swiss franc, data from the Commodity Futures Trading Commission showed on Friday.
Euro zone swap rates fell sharply on Friday after the release of a newswire report that the European Central Bank may not raise interest rates as aggressively or quickly as financial markets had expected.
The Canadian bond prices pushed higher on Friday, following the lead of the larger US debt market, as the upwards US jobs revisions reaffirmed the view that US interest rates will not be cut for the foreseeable future. Canada's bond market often follows t
The Canadian bond prices pushed higher on Friday, following the lead of the larger US debt market, as the upwards US jobs revisions reaffirmed the view that US interest rates will not be cut for the foreseeable future. Canada's bond market often follows t
Emerging sovereign debt prices rose on Friday after a US employment report reinforced investors' view that the Federal Reserve is likely to maintain its monetary policy for some time. Brazil's global bond due 2040, considered the emerging market benchmark
Emerging sovereign debt prices rose on Friday after a US employment report reinforced investors' view that the Federal Reserve is likely to maintain its monetary policy for some time. Brazil's global bond due 2040, considered the emerging market benchmark
US corporate bonds were steady to a bit stronger on Friday after a weak jobs report suggested inflation remains tame and consumer confidence in January rose to the highest level in more than two years. The US economy added a modest 111,000 jobs in January
US corporate bonds were steady to a bit stronger on Friday after a weak jobs report suggested inflation remains tame and consumer confidence in January rose to the highest level in more than two years. The US economy added a modest 111,000 jobs in January
US government bond prices inched higher on Friday after a mixed jobs report reaffirmed investors' views that the Federal Reserve would keep interest rates steady.
US government bond prices inched higher on Friday after a mixed jobs report reaffirmed investors' views that the Federal Reserve would keep interest rates steady.
Two Chinese firms are due to hold US initial public offerings next week, in a sign that New York markets remain attractive for companies despite recent talk of regulations driving them to other exchanges.
European stocks face a flood of earnings reports next week and focus will be on whether firms can sustain record profitability, while interest rate decisions are also due in the UK and from the European Central Bank.
Mexican stocks rose to a third straight record high close on Friday, buoyed by expectations of healthy quarterly corporate earnings. The IPC stock index finished up 0.32 percent at 27,933.07 points, after climbing as high as 28,005 earlier. "That's a heal
Chile stock indexes eked out a third straight record close on Friday as foreign and local investment funds kept buying. The all-market IGPA index advanced 0.34 percent to 13,198.26 points, while the trade-weighted blue chip IPSA index rose 0.39 percent to
The Toronto Stock Exchange's main index ended lower on Friday, reversing three days of gains, as mining stocks slumped along with metal prices. The Toronto Stock Exchange S&P/TSX composite index closed down 33.17 points, or 0.3 percent, at 13,111.57. The
Brazilian stocks eked out gains on Friday despite softer US bourses, while the local currency eased back from its strongest in nine months. The Bovespa index of the Sao Paulo Stock Exchange rose 0.41 percent to 44,997.83 points. In local stock trading, sh
Argentine stocks finished flat on Friday, as gains by banking stocks offset profit-taking in index heavyweight Tenaris, traders said. The MerVal index of 15 leading stocks closed down 0.01 percent at 2,081.27 points, after rising for three straight sessio
US blue chips eased on Friday after data showing moderate job creation in January suggested the Federal Reserve will not cut interest rates yet, while the S&P 500 and the Nasdaq edged higher.
Australia captain Ricky Ponting has been cleared to play in Sunday's tri-series one-day international against New Zealand in Melbourne. Ponting missed his team's 92-run loss to England in Sydney on Friday because of a hip problem but will lead the side ag
England's surprise win over Australia has left New Zealand under pressure to make the tri-series finals but Kiwi skipper Stephen Fleming could not be happier with the scenario. New Zealand looked to be assured of joining the Australians in the finals afte
Italian Prime Minister Romano Prodi has promised drastic measures to confront soccer violence after clashes by rampaging fans at a match left a policeman dead and over 150 people injured.
Batsman Virender Sehwag and medium-pacer Munaf Patel return to the Indian team for the first two one-day internationals against Sri Lanka next week. Opener Sehwag was dropped for the recent one-day series against West Indies due to loss of form.
World number one Maria Sharapova retired in the second set of her Pan Pacific Open semi-final against Serbia's Ana Ivanovic due to a hamstring injury. Ivanovic will play second seed Martina Hingis in the final of the $1.3 million tournament after the Swis
South Africa and Pakistan switch from Test to one-day cricket in a five-match one-day international series starting at Centurion Sunday, the last chance for both teams to tune up ahead of next month's Cricket World Cup in the West Indies.
Russia is alarmed by the growing military advantage enjoyed by Nato and the United States in Europe, for which there appears no need, Foreign Minister Sergei Lavrov was quoted as saying on Saturday.
The chief US negotiator with North Korea said Saturday he expects progress in next week's multinational talks on scrapping its nuclear weapons. Assistant Secretary of State Christopher Hill urged the communist state, which staged its first nuclear test la
High-ranking US officials and lawmakers are pressuring the State Department to take a more punishing tone with Venezuela, at the risk of tossing "red meat" to President Hugo Chavez, who now rules by decree, experts told AFP.
A total of 442 fishermen, many of them drunk, were rescued Saturday from ice floes off the island of Sakhalin in eastern Russia after a massive ice sheet broke from the shore, officials said.
Police shot dead an ethnic Madhesi demonstrator in south-east Nepal on Saturday, an official said, taking the number of people killed in a fortnight of protests calling for autonomy to 15.
Manila's military chief says he expects Muslim separatists to release him, a senior government official and more than 20 soldiers from their camp on a remote southern island on Sunday.
Hungary's Socialist Prime Minister Ferenc Gyurcsany pledged on Saturday to continue reforms, as riot police pushed anti-government demonstrators from the square outside parliament. Gyurcsany told a conference that reforms of education, pensions and other
The Nato commander in Afghanistan vowed on Saturday to kick the Taliban out of a key southern town and reinstate tribal elders who struck a peace deal with foreign troops. Taliban fighters overran Musa Qala in the drug heartland of Helmand province on Thu
Senior officials from rival Fatah and Hamas factions agreed on Saturday to pull their gunmen off the streets of Gaza and halt bloodshed which has killed 23 Palestinians in the last three days.
Protesters armed with sticks and dynamite clashed with police and troops on Saturday as they evicted them from two natural gas facilities in south-eastern Bolivia, the interior minister said.
Toxic chemicals that leaked from a tanker truck in China's central Hubei Province killed one person and left more than 120 others hospitalised, the official Xinhua news agency reported on Saturday.