The euro maintained its surge in the open market on Saturday, crossing the barrier of Rs 86 as it surged in the international market against the dollar, dealers said. The single European currency, picked up 46 paisa in relation to the rupee for buying and
The euro maintained its surge in the open market on Saturday, crossing the barrier of Rs 86 as it surged in the international market against the dollar, dealers said. The single European currency, picked up 46 paisa in relation to the rupee for buying and
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (September 29, 2007).
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
Low business was seen on the cotton market on the forward cottonseed oilcake market on Saturday as a few buyers were active, dealers said. The December vaida commenced with 20 paisa loss at Rs 500.00 and market closed at the same level, they said. The Jan
Official spot rate was down and lint prices remained range bound on the cotton market on Saturday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was lower by Rs 50 at Rs 2825, dealers said.
Modest trading was seen on the grain market on Saturday as only needy buyers participated in the fresh deals, dealers said. On the cereals side masoor Canada picked up Rs 200 to Rs 4200 and masoor dal Canada followed suit and quoted at Rs 5000.
Intel Corp Chairman Craig Barrett said on Thursday the microchip maker is regaining market share against AMD and its performance is looking "pretty good."
Intel Corp Chairman Craig Barrett said on Thursday the microchip maker is regaining market share against AMD and its performance is looking "pretty good."
The UK stock market may be in the first stages of a bear market lasting six to nine months, Fidelity International star fund manager Anthony Bolton said on Thursday. "It's been my central case that after a four-year bull market we are more likely to have
India is moving more swiftly towards a freer rupee to counter big inflows which are giving the currency unwelcome strength, but that doesn't mean the whole programme is likely to speed up.
Turkey's social security reform is important because it will show it is sticking to its reform agenda even though the reform's financial impact in the near term will be minimal, the World Bank said on Monday.
AstraZeneca signalled its readiness for change on Friday by appointing an outsider with extensive deal-making experience as its chief financial officer. The drugmaker said Simon Lowth, a former finance chief at Scottish Power, would take up his role on No
The weak dollar's leading role in oil's ascent to record highs is partly due to a tide of financial flows into commodity investments but also reflects a shift in the greenback's relationship with crude.
The US Air Force urgently needs to replace 115 aging HC-130 and MC-130 aircraft, built by Lockheed Martin Corp and used to refuel helicopters and support special forces operations, a senior official told Reuters on Wednesday.
US energy firm AES Corp will look into the possibility of an initial public offering for its Turkish venture AES-IC Ictas to fund fresh investment, AES's CEO Paul Hanrahan said on Thursday.
US energy firm AES Corp will look into the possibility of an initial public offering for its Turkish venture AES-IC Ictas to fund fresh investment, AES's CEO Paul Hanrahan said on Thursday.
A 33 billion dollar masterplan to develop Malaysia's eastern region will provide a boon to construction, through the development of 227 projects, officials said Friday.
Farmers in southern Sumatra, Indonesia's key source for coffee, are holding stocks as coffee futures retreated from nine-year highs, but prices fell on a stronger rupiah against the US dollar. Coffee bean supplies from plantations to Panning port in Lumpi
Gold futures jumped $10 to finish at $750 an ounce and other precious metals ended higher in New York on Friday, boosted by the dollar's drop to record lows against the Euro and major currencies. "It's all on the US dollar, which is getting crushed, poppi
The Australian government has shelved wheat export approvals for operators other than main shipper AWB Ltd until the size of the country's rapidly dwindling wheat crop becomes clear.
Indian sugar futures fell on Friday after the government raised a free-sale quota that millers can sell in the next three months. Sugar supplies in India are controlled by the government, which sets a monthly quota for traders. On Friday, the government a
Copper futures in New York ended down on Friday after light profit-taking erased early gains notched on the back of new record lows in the dollar and quarter-end investment buying. Analysts said they did not expect any change in the near-term for the pros
Chicago Board of Trade soyabeans futures slid on Friday, with the lead-month November back below $10 a bushel, pressured by USDA bearish stocks data and month-end profit-taking, traders said. "There was net long liquidation. The catalyst was the big suppl
Crude oil prices struck fresh record high points last week amid tight global supplies of energy. Oil and other commodities priced in dollars also benefited from a weak US dollar as they became cheaper for buyers using stronger currencies.
Raw sugar futures closed higher on Friday as the market derived strength from other commodity markets and only modest deliveries were expected for the expiring October contract, analysts said. ICE Futures open-outcry March sugar settled up 0.05 cent at 10
Chicago Board of Trade rough rice futures ended steady to weak in the nearby months on Friday, setting back from this week's run to 10-year top, traders said. November rice closed 2 cents lower at $11.73 per hundredweight. January and March ended unchange
Indonesia may need additional rice imports of up to 700,000 tonnes this year to secure national stocks, state procurement agency Bulldog's chief said on late on Thursday. The world's fourth most populous nation needs to ensure it has sufficient stocks of
Singapore bunker prices rose on Friday, as its differential to fuel oil cargoes remained in discount for a third-straight session. Prices for the 380-centistoke (cst) grade were pegged at $392-$394 a tonne, up $4 from the previous session, while different
The lineup of vessels waiting to load sugar in Brazilian ports rose to 41 ships from 39 last week, shipping agent Williams said Thursday. In a weekly report, it said 26 vessels were lined up in the southern port of Santos, off from 28 last week.
The Karachi Port handled 71,609 tonnes cargo including 56,450 tonnes import, 15,159 tonnes export cargo and 2,221 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Ocean freight for dry commodities on major export routes rebounded more than 8 percent to a new high on Tuesday as roaring global trade driven by demand from China and India continued to keep the market on the boil.
Forecasters are busy churning out new and gloomier economic predictions because of a global credit crunch whose outcome nobody can be sure of until financial conditions normalise and uncertainty subsides.
Forecasters are busy churning out new and gloomier economic predictions because of a global credit crunch whose outcome nobody can be sure of until financial conditions normalise and uncertainty subsides.
French Prime Minister Francois Fillon pledged on Saturday to press ahead with economic reforms, telling party workers there was no alternative for tackling the country's under-performing economy.
The United States should take measures to strengthen the dollar as its weakness against the euro is causing great concern in the 13-nation currency area, Eurogroup Chairman Jean-Claude Juncker said on Friday.
The chief executive of Carnegie resigned on Friday after regulators called for sweeping management changes after a trading scandal and fined the investment bank 50 million Swedish crowns ($7.7 million).
Italian Prime Minister Romano Prodi and his cabinet on Saturday agreed on a compromise 2008 budget staving off a growing crisis within his centre-left government, ANSA news agency reported.
The new head of the International Monetary Fund will "have his work cut out" due to the global credit crunch, one of his predecessors said on Saturday. Dominique Strauss-Kahn, a former French finance minister, was named head of the International Monetary
Myanmar's military junta has clamped down on UN food relief to 500,000 people, many of them children, as it battles mass protests against 45 years of army rule, the World Food Programme (WFP) said on Saturday.
US and European banks struggled for cash on wholesale lending markets on Friday as they closed books on the final day of a tumultuous third quarter amid signs credit was still tight.
German lender IKB Deutsche Industriebank AG, whose near failure amid the subprime mortgage crisis sent shockwaves through Europe's financial sector, reiterated its full-year loss could reach almost $1 billion.
German lender IKB Deutsche Industriebank AG, whose near failure amid the subprime mortgage crisis sent shockwaves through Europe's financial sector, reiterated its full-year loss could reach almost $1 billion.
More rail strikes could have a devastating impact on the German economy, Transport Minister Wolfgang Tiefensee warned amid a showdown over wages between operator Deutsche Bahn and its drivers.
China's sovereign wealth fund opened for business on Saturday, promising not to take excessive risks and to be sensitive to international concerns as it goes about investing $200 billion of the nation's vast reserves.
China's sovereign wealth fund opened for business on Saturday, promising not to take excessive risks and to be sensitive to international concerns as it goes about investing $200 billion of the nation's vast reserves.
Chilean stocks edged higher in mixed trade on Friday as investors bet weaker economic data could slow the central bank's rate-tightening cycle. The all-market IGPA index gained 0.39 percent to 14,602.10 points, while the trade-weighted blue chip IPSA inde
Emerging sovereign debt prices fell slightly on Friday, in concert with weak global equities, as short-term investors raced to take profits ahead of the end of the third quarter.
Emerging sovereign debt prices fell slightly on Friday, in concert with weak global equities, as short-term investors raced to take profits ahead of the end of the third quarter.
Taiwan stocks rose 0.7 percent on Saturday to touch a two-month closing high, led by shares such as Chi Mei after the LCD maker said it would buy a stake in top computer monitor maker TPV Technology. On the rare weekend trading day, the main TAIEX share i
US Treasuries traded flat to slightly lower on Friday as a combination of dollar weakness, month-end position squaring and comments from a Federal Reserve official helped to reverse an earlier rally. Bonds spent much of Friday trading higher as investors
US Treasuries traded flat to slightly lower on Friday as a combination of dollar weakness, month-end position squaring and comments from a Federal Reserve official helped to reverse an earlier rally. Bonds spent much of Friday trading higher as investors
Private equity-sponsored initial public offerings are showing signs of slowing after accounting for more than 40 percent of US IPOs in 2006. Some say the lull is temporary, since selling shares to the public is one avenue still open to private equity firm
Investors should be on guard for more signs of how banks are coping with the credit squeeze and how this is affecting the real economy, strategists said in the run-up to a week with scant corporate news on the agenda.
Brazil's stock market tracked Wall Street lower and broke a four-day winning streak on Friday. The Bovespa index of the Sao Paulo Stock Exchange fell 0.96 percent to 60,465.06 points but still managed to post its strongest monthly performance in September
Argentine stocks dipped slightly on Friday as investors rearranged their portfolios as the month came to a close, traders said. The benchmark MerVal index, the composition of which will change on Monday based on trading volume in shares, slipped 0.2 perce
The Toronto Stock Exchange's main index closed lower on Friday, snapping a five-day winning streak but finishing a volatile quarter higher as investors took profits from most sectors of the market. The S&P/TSX composite index closed down 30.84 points, or
The Canadian bond prices on Friday, which had followed the bigger US treasuries market all week given the lack of any domestic data, finished higher after the Canadian GDP report missed estimates.
The Canadian bond prices on Friday, which had followed the bigger US treasuries market all week given the lack of any domestic data, finished higher after the Canadian GDP report missed estimates.
US corporate bond spreads were generally wider on Friday in light trading as some investors took profits at the end of the quarter, traders said. Overall high-grade bond spreads widened slightly after narrowing about 2 basis points this week to trade at a
US corporate bond spreads were generally wider on Friday in light trading as some investors took profits at the end of the quarter, traders said. Overall high-grade bond spreads widened slightly after narrowing about 2 basis points this week to trade at a
US stocks dipped on Friday as money managers locked in profits on the last trading day of a strong September, while concerns surfaced about the strength of profits during a turbulent third quarter.