The rupee-dollar parity rates came under pressure in the currency market on Saturday due to tight supplies of the US currency as most of the global financial and commodity exchanges remained closed due to the Easter and Good Friday holidays, money experts
The rupee-dollar parity rates came under pressure in the currency market on Saturday due to tight supplies of the US currency as most of the global financial and commodity exchanges remained closed due to the Easter and Good Friday holidays, money experts
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
Sri Lankan tea production fell 23.4 percent in February from a year, the Sri Lanka Tea Board said, blaming the lingering fallout of a strike in December and a rain shortfall for the drop.
The May was vaida inert while the July was lower on the forward cottonseed oilcake market on Saturday, dealers said. The May vaida was unchanged at Rs 664.00 and closing was seen at the same rate of Rs 664.00, they said. The July vaida opened unchanged at
Official spot rate was sharply higher on the cotton market on Saturday as ginners did not show any interest in lowering the prices, dealers said. Rising trend persisted as the Karachi Cotton Association (KCA) official spot rate picked up more Rs 50 to Rs
Thin business was seen on the grain market on Saturday as most of the commodities maintained the overnight levels in process of trading, sharp rises were observed in rice prices, dealers said.
Freight rates for hauling grains from North America to Asia and Europe surged higher on Thursday due to strong interest in long-term ship charters and the buoyant Capesize market, brokers said.
Egypt temporarily closed five Red Sea ports and one Mediterranean Sea port on Saturday because of bad weather, officials said. Another port official told Reuters the el-Saed port on the Mediterranean Sea was also closed because of a sandstorm.
Shipping on Germany's Rhine river was stopped for the second time in two weeks on Saturday after an accident in which a man died near the south western city of Mainz, said police.
The Karachi Port handled 40,577 tonnes cargo including 20,232 tonnes import, 20,345` tonnes export cargo and 749 containers during last 24 hours ending at 0700 hours on Saturday.
Aframax dirty tanker rates in the Caribbean fell on Thursday to a new low for this year due to lacklustre chartering demand, brokers said. However, the market was expected to rebound next week as players return from the long-weekend Easter holidays.
Panama's canal administrator said on Thursday it has put off a plan to increase tolls on the inter-oceanic waterway until July after receiving comments from shipping clients.
Kuwait's state tanker company will put an order for four Very Large Crude Carriers (VLCCs) this year, as part of its fleet renewal plans, a senior official said on Wednesday, an investment estimated at $520 million.
The private equity group eyeing UK supermarket chain J. Sainsbury is "very likely" to walk away from the 10 billion pound ($19.7 billion) deal after the company's board rejected a bid of about 560 pence a share, a person familiar with the situation said o
The head and seven employees of a Japanese trading firm were arrested Saturday for importing North Korean clams by labelling them as Chinese, police said, in an effort to bypass a ban on imports from the communist state.
Kirk Kerkorian, the 89-year-old billionaire who was once Chrysler Corp's largest single shareholder, offered to pay $4.5 billion to buy the struggling automaker from DaimlerChrysler, which paid almost $40 billion for it less than a decade ago.
Japanese electronics conglomerate Toshiba Corp has filed a complaint against a unit of South Korea's Daewoo Electronics and 16 other companies for allegedly violating its patents related to DVD recorders and players.
Citigroup Inc, the largest US bank and one of the largest US mortgage lenders, is telling brokers that on Monday it will stop making some riskier home loans, documents obtained by Reuters show.
Thousands of protestors marched through Seoul Saturday, calling for lawmakers to reject a major free trade deal with the United States. The biggest free trade deal for the US since the 1993 North America Free Trade Agreement has left many local workers an
Oil majors love to boast about their renewable energy activities but the glossy advertisements showing windmills and solar panels often mask modest investments and even scepticism. The companies say their investments show they are doing their part to help
US oil major Exxon Mobil released on Friday a detailed plan to compensate villagers affected by its expanded search for oil in Chad's southern Doba basin.
India's Reliance Industries Ltd will finalise sales agreements in the next few months for natural gas from its deep sea fields off the country's east coast, a senior official said on Saturday.
India's annual inflation of 6.5 percent is not that high when considering the nation's strong economic growth, a senior World Bank official said on Tuesday. The Indian economy is forecast to grow 9 percent this year, the same pace of growth estimated for
YouTube said Saturday it has offered to "educate" Thai authorities about how the popular video-sharing service works in the hope of ending a ban on the site over videos mocking Thailand's revered king.
A top Shanghai government and financial official is set to become chairman of the Shanghai Pudong Development Bank, where his wife is currently vice-president, the official Xinhua agency said on Saturday.
Vietnam will grant importers the right to set domestic retail fuel prices, a state-run newspaper said on Saturday, a move likely to see higher pump prices. The decree, expected to take effect in May, could in the longer term lift Vietnam's consumer prices
Brazilian 2006/07 (May/April) cocoa arrivals from Bahia and other states totalled 3.58 million 60-kg bags by April 1, down 2.2 percent from 3.66 million bags a year ago, Bahia Commercial Association said on Wednesday.
Asian naphtha prices fell on Wednesday, while naphtha's premium to ICE Brent crude steadied after gains the previous session, as the market focused on the startup of an expanded South Korean cracker. South Korea's LG Chem Ltd started producing on-specific
Bank Islam Malaysia Bhd, Malaysia's oldest Islamic lender, is arranging two Islamic bond issues worth 1 billion ringgit ($290 million), the Business Times newspaper reported on Saturday.
Bank Islam Malaysia Bhd, Malaysia's oldest Islamic lender, is arranging two Islamic bond issues worth 1 billion ringgit ($290 million), the Business Times newspaper reported on Saturday.
US government bond prices plunged on Friday in an abbreviated session, pushing benchmark yields to their highest levels in over seven weeks, after a stronger-than-expected reading on March non-farm payrolls.
US government bond prices plunged on Friday in an abbreviated session, pushing benchmark yields to their highest levels in over seven weeks, after a stronger-than-expected reading on March non-farm payrolls.
Next week should see risk appetite stage a comeback among European investors as shares return to the peaks seen in late February and tensions between Britain and Iran now appear to have subsided.
MetroPCS Communications Inc's initial public offering this month is likely to fare better than other recent telecoms and technology IPOs based on the cell phone operator's four-year history of growth and profits.
MetroPCS Communications Inc's initial public offering this month is likely to fare better than other recent telecoms and technology IPOs based on the cell phone operator's four-year history of growth and profits.
Virtusa Corp, an information technology services company, on Friday said it is planning an initial public offering of as much as $92 million in common stock. J.P. Morgan, Bear Stearns, Cowen and Company, and William Blair will underwrite the IPO.
Virtusa Corp, an information technology services company, on Friday said it is planning an initial public offering of as much as $92 million in common stock. J.P. Morgan, Bear Stearns, Cowen and Company, and William Blair will underwrite the IPO.
India's Farm Ministry on Wednesday raised by just over a million tonnes its 2007 wheat production estimate to 73.70 million tonnes but some traders questioned the figures. The world's second-largest producer of the grain, India harvested 69.48 million ton
Tokyo gold futures extended gains on Friday rising for the fourth consecutive day to come within grasp of 2,600 yen, although trade was slow ahead of a long Easter holiday weekend in the United States.
Ukraine has sown 5.197 million hectares of spring crops as of April 6 compared with 935,000 at the same date in 2006, the agriculture ministry said on Friday. The ministry has said the country plans to sow a total of 18 million hectares in 2007.
Congo's mineral-rich Katanga province has lifted a ban on exporting copper ore to Zambia, First Quantum Minerals Ltd said on Wednesday. "As of midday yesterday, First Quantum's Lonshi mine in the DRC has resumed trucking ore across the border to the compa
World oil prices jumped to almost 70 dollars a barrel during a shortened trading week, owing to heightened tensions over Iran's capture of 15 British sailors ahead of their release.
China's short-term money rates and the yuan are set to rise while equities may pull back from record highs after the latest hike in bank reserve requirements, but the reaction will be mild, analysts said on Thursday. The 0.5 percentage point reserve rise,
The dollar rose broadly on Friday, hitting a fresh five-week high against the yen, as a surprisingly strong US jobs report reinforced the view the Federal Reserve will not cut interest rates in the near term. The solid March jobs report eased concerns abo
Hungary's forint closed flat on Friday in an illiquid market and dealers said it could firm slowly next week if investor appetite for risk in global markets suffers no setback, dealers said. The forint traded at 246.00/20 against the euro, unchanged from
Currency speculators raised their net short position on the low-yielding Japanese yen and Swiss franc, data from the Commodity Futures Trading Commission showed on Friday.
Turkish markets ended the week firmer on Friday, supported by easing concerns about the impact of next month's presidential election on political stability. Activity was depressed by the Easter holiday in most major markets. There was little reaction to a
The Czech crown held within sight of two-week highs against the euro in a holiday-thinned market on Friday, ahead of data releases next week which are expected to help clear up the outlook for monetary policy.
Jeev Milkha Singh, India's first entrant in the Masters, shot a second round of three-over-par 75 on Friday to advance to weekend play at Augusta National, tying four-times winner Tiger Woods in the process. "It is a great feeling," Singh told reporters a
Former world number four Greg Rusedski announced his retirement on Saturday after helping Britain to establish a winning 3-0 lead over the Netherlands in a Davis Cup tie in Birmingham.
Pakistan cricket team all rounder Shoaib Malik termed the former fast bowler Sarfaraz Nawaz statements regarding match fixing as baseless and said that he wants cheap publicity. Talking to mediamen after recording his statement to the world cup inquiry co
Germany reached the Davis Cup semi-finals for the first time since 1995 when Michael Kohlmann and Alexander Waske beat Olivier and Christophe Rochus 4-6 6-2 6-3 6-1 to give the team a 3-0 winning lead on Saturday.
Igor Andreev and Nikolay Davydenko beat Sebastien Grosjean and Michael Llodra 3-6 7-5 6-3 3-6 6-3 in doubles on Saturday to give Russia a 2-1 lead over France in their Davis Cup world group quarter-final. Before Saturday, no Russian or Soviet pair had won
Chelsea maintained the pressure on Premiership leaders Manchester United on Saturday with a 1-0 victory over Tottenham that kept alive their hopes of retaining their title.
Former Australia cricket captain Greg Chappell, who quit as India coach this week, underwent medical tests in a Mumbai hospital on Saturday. Chappell, who had been due to return home on Friday night via Singapore, put off the journey after he complained o
World Cup organisers have bowed to criticism and reversed a policy restricting fans from bringing musical instruments into stadiums. Previously, supporters needed to seek prior approval from local organising committees to bring in large instruments to gro
Rahul Dravid has been retained as India captain for the team's next three tours, the country's cricket board said on Saturday. Dravid, whose leadership was under fire following India's first-round exit in the World Cup, will be skipper for next month's to
A meeting between Iraq, its neighbours and world powers to follow up earlier talks aimed at stabilising the country will be held in Egypt in the first week of May, Iraq's foreign minister said on Saturday.
A baby was one of two people killed and more than 20 others were injured Saturday when a packed train derailed in Indonesia in the country's latest deadly transport accident, reports said.
President George W. Bush piled pressure on Democrats on Saturday to approve $100 billion to fund the Iraq war without attaching a troop pullout timetable, while Democrats called on him to compromise.
China will formally ban the trade in human organs from May 1, state media reported, amid ongoing allegations that the nation's military is involved in harvesting organs from executed prisoners.
Israeli helicopters fired into the Gaza Strip on Saturday, killing one Palestinian militant, in what local residents said was the fiercest exchange between Israeli forces and militants since a November truce.
Bangladesh's former prime minister Sheikh Hasina reacted angrily on Saturday to a long delay in holding elections, calling it "undemocratic and unconstitutional".
An Iranian diplomat freed two months after being kidnapped in Iraq has said he was tortured by US forces while in captivity, Iran's Fars News Agency reported on Saturday. Iran has previously blamed the US military for his abduction but US officials have d