The rupee suffered all round loss in the currency market on Saturday in process of trading, moneychangers said. In the interbank market, the rupee continued its downward slide against dollar, losing one paisa for buying and selling at Rs 60.48 and Rs 60.4
The rupee suffered all round loss in the currency market on Saturday in process of trading, moneychangers said. In the interbank market, the rupee continued its downward slide against dollar, losing one paisa for buying and selling at Rs 60.48 and Rs 60.4
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
Slight changes were seen on the forward cottonseed oilcake market on Saturday, dealers said. The December vaida was unchanged at Rs 502.00 and market closed at the same rate, they said. The January vaida opened unchanged at Rs 511.00 and closing was seen
Firm trend was again witnessed on the cotton market on Saturday as mills continued buying in anticipation of further rise in the prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2900, they added.
Mid-crop cocoa purchases declared by private buyers to Ghanaian industry regulator Cocobod reached 5,630 tonnes between July 6 and July 19, an industry source said on Friday. That was down from 39,345 tonnes declared in the first two weeks of last year's
Low level activity was seen on the grain market on Saturday as leading buyers kept on the sideline due to good demand and supply position, they said. A Few changes were seen on the seed side as cottonseed oilcake with bag low type lost Rs 30 to Rs 370 and
Spot basis bids for corn and soyabeans held steady around the US Midwest on Friday amid scattered farmer selling, grain dealers said. A few farmers in areas west of the Mississippi River were booking light sales of old crop corn and soyabeans. The farmers
Ocean freight for dry commodities on major Asian export routes traded at two-month highs on Tuesday as freight costs on the Baltic Exchange, the world's leading index, hit new records this week.
Egypt's revenues from the Suez Canal climbed to a record high of $406.3 million in July 2007 from $358.8 million in June, a Suez Canal Authority official said on Monday. The number of vessels passing through the waterway rose to 1,761 in July from 1,679 i
Soft red winter wheat futures at the Chicago Board of Trade ended mostly lower on Friday, but trimmed losses by the close in a light consolidation following extreme volatility this week, traders said. Wheat was seen as overbought after strong export deman
The lineup of vessels waiting to load sugar in Brazilian ports fell to 45 ships waiting, from 51 last week, shipping agent Williams said on Thursday. In a weekly report, Williams said 40 vessels were lined up in the southern port of Santos, compared with
Singapore bunker prices extended their losses on Friday, while their premium to cargo values held mostly steady. Prices for the 380-centistoke (cst) were pegged at $358-360 a tonne, down $4.00 from the previous session, with the differentials contracting
The Karachi Port handled 76,832 tonnes cargo including 52,232 tonnes import, 24,600 tonnes export cargo and 1,514 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 40,090 tonnes dry cargo including 28,697 tonn
The New York Board of Trade (NYBOT), a unit of electronic market Intercontinental Exchange, said electronic and open-outcry trading in the cotton market will open on Friday at 10:30 am EDT (1430 GMT). Normally, the electronic market cotton would begin tra
Soyabean futures on the Chicago Board of Trade closed higher on Friday, rebounding after on Thursday's steep plunge on commercial buying and a bounce in US stock markets, traders said. Strength in soyaoil added support.
US copper futures ended up but off their session highs on Friday after a surprise rate cut by the Federal Reserve provided some short-term stability, but this week's damage could signal further downside risk next week, analysts said.
The Australian wool market, with the assistance of a rapidly falling exchange rate, finished two percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 26c (+2.9 percent), ending the week at 925c/kg and 51c
Rough rice futures at the Chicago Board of Trade closed higher on Friday, rebounding on bargain-hunting by commercial firms after a steep, speculative sell-off on Thursday, traders said. September rice closed up 7 cents at $10.36 per hundredweight but sta
A renewed bout of dry weather during Australia's critical growing period is shrivelling the size of the winter wheat crop with latest forecasts heading toward 20 million tonnes, industry analysts and forecasters said on Thursday.
A half-percentage point cut in the Federal Reserve discount rate was enough to send US gold futures to a solid finish on Friday, a day after global credit fears led to a broad-based sell-off in the commodities sector and other financial markets.
Raw sugar futures finished higher on Friday on trade and speculative short-covering as the market rebounded from a fall to a seven-week low caused by a credit squeeze that pounded commodity markets, brokers said.
Metals prices plunged last week as traders sold heavily investments in gold and copper owing to fears of a global economic slowdown caused by the ongoing US housing crisis. But a move Friday by the US central bank aimed at easing market worries helped pus
The turmoil in credit markets should not be underestimated and could have an impact on economic growth, Swiss National Bank board member Philipp Hildebrand was quoted as saying on Saturday.
The Mexican unit of German automaker Volkswagen AG agreed to a pay rise with its 11,000 unionised workers on Saturday and averted a weekend strike, the union said.
China is on track to overtake the United States as the world's second-largest exporter this year, Xinhua news agency quoted a senior official as saying on Saturday, and could top Germany as the world's leading exporter next year.
Recent turbulence on global markets has highlighted the need for greater transparency, particularly when it comes to hedge funds, German Chancellor Angela Merkel was quoted as saying on Saturday.
Recent turbulence on global markets has highlighted the need for greater transparency, particularly when it comes to hedge funds, German Chancellor Angela Merkel was quoted as saying on Saturday.
Emerging markets countries may be bruised by the global credit, but most developing economies are still far from being dragged into a broader crisis like that of 1997-98.
Emerging markets countries may be bruised by the global credit, but most developing economies are still far from being dragged into a broader crisis like that of 1997-98.
Texas oilman David Chalmers and two companies he owns pleaded guilty on Friday to paying millions of dollars in secret kickbacks to Iraq in connection with the United Nations oil-for-food program.
China and Kazakhstan agreed on Saturday to expand an oil pipeline that will link China to the Caspian Sea, giving Beijing direct access to an energy-rich region controlled by Kazakhstan.
The proposal for the new Finnish state ownership law suggests the government should sell its remaining stakes in steel companies Outokumpu Rautaruukki and chemicals group Kemira Finnish national broadcaster YLE reported.
A customer trying to call British telecoms operator BT Group was left hanging on the telephone for a total of 20 hours, The Times newspaper reported here on Saturday. In a statement, BT blamed long response times on a new calling system which has left a l
Fire which broke out overnight at an oil products warehouse has paralysed the main cargo port in the Gulf emirate of Sharjah, police said on Saturday. "All facilities available in the port have been mobilised to put out the fire which is now under control
Reserves of uranium have been found in Guinea by Australian mining company Murchison United NL, Guinean Mines and Geology Minister Ahmad Kante announced. The discovery resulted from analysis of samples taken from the Firawa site at Kissidougou 600 kilomet
Shareholders of Belgian cable operator Telenet have approved a debt refinancing plan that will allow a cash payout of 6 euros a share by the end of the fourth quarter, the firm said on Saturday.
Swiss manufacturing company Von Roll plans acquisitions to strengthen its market position in Asia and the United States, its news chairman Thomas Limberger was quoted as saying on Saturday.
The design specifications for the new dream home of Indian industrialist Mukesh Ambani feature everything a billionaire might desire. The glass-and-steel vertical palace in India's financial hub Mumbai will tower 173 metres (570 feet), have three helipads
Facing some intense competition for long-held spot as the world's top automaker to Japan's Toyota, General Motors' top executive reiterated late Friday the yen is still undervalued on world's currency markets.
The economies of Germany and the European Union are in good health overall, European Central Bank Governing Council member Axel Weber said in an interview broadcast on Saturday. "The German and European economies are essentially healthy," Weber said in an
India's economic growth is expected to slow to 8.5-8.7 percent in the year to March from 9.4 percent a year earlier as high interest rates and erratic power supplies affect factory output, an industry body said in a report on Saturday.
The Canadian bond prices were mostly higher on Friday, with long-term bonds lagging, mirroring the larger US treasuries market, as investors priced in an interest rate cut by the Fed in September. The two-year bond added 12 Canadian cents to C$99.25 to yi
The Canadian bond prices were mostly higher on Friday, with long-term bonds lagging, mirroring the larger US treasuries market, as investors priced in an interest rate cut by the Fed in September. The two-year bond added 12 Canadian cents to C$99.25 to yi
Chilean stock indexes ended the session on Friday with their strongest one-day advance since late February, as regional markets rebounded after the US Federal Reserve cut its discount rate. The all-market IGPA index advanced 2.07 percent to 13,749.55 poin
Brazil's stock market rebounded from its weakest level on Friday since April after the US Federal Reserve cut its discount rate in a bid to ease concerns over a credit crunch. The Bovespa index of the Sao Paulo stock exchange closed 1.13 percent higher at
Mexican markets jumped on Friday after the US Federal Reserve surprised investors by cutting its rate on loans to banks to keep credit flowing and calm nervous global markets. The benchmark IPC stock index closed 2.58 percent higher at 28,510.66 points, i
US government bonds rallied again on Friday as investors interpreted the Federal Reserve's emergency decision to lower its discount rate as a step toward a broader easing of monetary policy.
US government bonds rallied again on Friday as investors interpreted the Federal Reserve's emergency decision to lower its discount rate as a step toward a broader easing of monetary policy.
Tumbling stock markets over the past few weeks have caused US IPO plans to be pulled or postponed - but analysts say the result will be a more rational market for companies going public. Investors are jittery about initial public offerings (IPOs) as the m
Equity investors are likely to remain cautious next week despite the US central bank's surprise move to soothe fears of a fullblown financial markets meltdown by lowering one of its key interest rates on Friday.
Argentina's benchmark MerVal stock index bounced back on Friday from 10-month lows, boosted by the US Federal Reserve's decision to cut its discount rate to boost liquidity, traders said. The MerVal closed up 5.2 percent at 1,929.12 points, after opening
The Toronto Stock Exchange's benchmark index finished a zigzag session 200 points higher on Friday as investors spooked by the credit crisis were soothed by the US Federal Reserve's surprise cut to the discount rate at which it lends money to banks.
US corporate bond spreads narrowed on Friday for the first day in four after the Federal Reserve cut the discount rate in a surprise move, bolstering liquidity in the market. The reduction, which did not include a move on the benchmark interbank lending r
US corporate bond spreads narrowed on Friday for the first day in four after the Federal Reserve cut the discount rate in a surprise move, bolstering liquidity in the market. The reduction, which did not include a move on the benchmark interbank lending r
Emerging sovereign debt spreads, a key measure of risk aversion, tightened more than 15 basis points on Friday after the US Federal Reserve acted to curb a growing credit crisis, but still remained almost 30 basis points wider for the week.
Emerging sovereign debt spreads, a key measure of risk aversion, tightened more than 15 basis points on Friday after the US Federal Reserve acted to curb a growing credit crisis, but still remained almost 30 basis points wider for the week.
Boston Scientific Corp will need to reduce its debt load and stem falling sales of key products to spur further improvement in its credit spreads, which rallied on Friday after the company said it is mulling asset sales that may be used to pay down debt.
Boston Scientific Corp will need to reduce its debt load and stem falling sales of key products to spur further improvement in its credit spreads, which rallied on Friday after the company said it is mulling asset sales that may be used to pay down debt.
US stocks surged on Friday to end a turbulent week after the Federal Reserve cut the discount rate it charges banks in an emergency move to stabilise credit markets and keep the economy on track. World stock markets have fallen sharply, with investors fle
The Taiwan dollar firmed sharply on Friday, rebounding from a 2-1/2-month low, as the central bank sold US dollars and some banks took profits in the US currency in the non-deliverable forwards market.
The Canadian dollar soared against the greenback on Friday after the US Federal Reserve cut the rate at which it lends banks money and warned that risks to economic growth had increased "appreciably".
The dollar fell broadly on Friday after the Federal Reserve slashed its discount rate on loans to banks and said US economic growth could slow in light of tightening credit markets.
The Federal Reserve put the brakes on an explosive rally in the yen with an emergency cut on Friday in the discount rate, charged on direct Fed loans to banks, but the uptrend could resume next week if the central bank's action fails to put a floor under
The South Korean won hit a 10-month low against the dollar on Friday as worries about the US subprime mortgage sector prompted investors to chase safer assets. The won touched its weakest against the yen in 15 months as fears of a worsening global credit
Top seed Roger Federer struggled to a 6-3 3-6 6-2 victory over Spaniard Nicolas Almagro on Friday to reach the semi-finals of the Cincinnati Masters. The world number one was unusually erratic as he dropped his first set of the week before recovering his
Andrew Flintoff reckoned the best years of his career could still be ahead of him as he prepared for his England return during the upcoming one-day series against India.
Pakistan will host the second Nisar Trophy match with Karachi Urban playing Mumbai in a four-day match here next month, an official said Saturday. "As part of the annual Nisar Trophy match we will host India's Ranji Trophy winners Mumbai who will play our