Congo defender Christopher Samba has signed a new five-year deal with English Premiership side Blackburn. The former Hertha Berlin player has been rewarded for a string of impressive performances at the heart of Mark Hughes's high-flying outfit's defence
England opener Andrew Strauss has admitted he was hurt to be dropped for his country's forthcoming tour to Sri Lanka. Strauss, 30, will miss the three-Test series starting in December after a woeful run of form culminated in his omission from the squad an
Australia cricket captain Ricky Ponting on Monday returned home from a tour of India marred by racial abuse with a warning to home fans not to retaliate when India visit in December.
China's yuan was soft against the dollar in the spot and offshore forwards markets on Monday despite a global slump in the US currency and a stronger call from the Group of Seven nations for faster yuan appreciation.
Weak regional stock markets and a fall in investor risk appetite undermined Asian currencies on Monday, despite the US dollar's weakness against major currencies after a Group of Seven nations' meeting.
Interbank buy/sell rates for the taka against the dollar on Monday. 68.69/68.71 (previous 68.69/68.71). Call Money Rates: 6.50-10.00 percent (previous 6.50-11.00 percent.
The dollar hit a record low against the euro on Monday as traders seized on Group of Seven finance officials' apparent indifference toward dollar weakness as a cue to dump the US currency.
The Australian dollar dropped to its lowest in three weeks against the Japanese yen on Monday as a slide in global stock markets saw investors unwind positions in higher-yielding currencies.
The Swiss franc rose against the dollar and the euro on Monday with investors looking for a safe haven as European stock markets opened lower. "Stocks are weaker, so we see a stronger franc," Clariden Leu analyst Sandro Baechli said.
The Taiwan dollar ended almost flat on Monday as a broadly weaker US dollar in global markets offset the impact of a sharp fall in domestic stocks, although central bank intervention limited gains. The Taiwan dollar closed at T$32.570 to the US dollar fro
Japan's Nikkei average ended at a four-week closing low on Monday, knocked 2.2 percent lower by a strong yen that hit exporter stocks and last week's Wall Street slide on growing concerns about the US economy. The Nikkei shed more than 500 points shortly
Malaysian share prices closed 1.4 percent lower on Friday, after a slump on Wall Street last Friday spooked investor sentiment across the region, dealers said. The Kuala Lumpur Composite Index (KLCI) fell 19.36 points to 1,350.81 on volume of 1.65 billion
Seoul shares fell 3.4 percent on Monday to their lowest close in more than a month, led by exporters such as Kia Motors on fresh worries the US housing slump would hurt demand in South Korea's No 2 export market.
Thai share prices closed 1.80 percent lower on Monday following a massive sell-off on Wall Street as investors fretted over the risk of recession in the US economy, dealers said. They said investors dumped shares across the board, taking their cue from sh
Indian share prices rose 0.31 percent in volatile trade on Monday to snap four straight days of losses on bargain hunting in benchmark index and mid-cap stocks, dealers said. They said however that sentiment remained weak over a regulatory proposal to lim
Chinese stocks tumbled 2.6 percent on Monday because of weakness in global equity markets and fears of tighter market liquidity. Airline shares crashed because of high oil prices. The Shanghai Composite Index dropped as much as 2.80 percent in early trade
Taiwan stocks fell 2.61 percent to a one-month closing low on Monday as US economic woes heightened fears of slowing demand for technology sector goods, but AU Optronics rose ahead of its earnings results. The main TAIEX share index slumped 251.09 points
Japanese government bond futures hit a one-month high on Monday as a plunge in share prices and expectations of a Federal Reserve interest rate cut this month lowered the prospects of a Bank of Japan rate hike in coming months. The Nikkei share average wa
Japanese government bond futures hit a one-month high on Monday as a plunge in share prices and expectations of a Federal Reserve interest rate cut this month lowered the prospects of a Bank of Japan rate hike in coming months. The Nikkei share average wa
Hong Kong blue chips fell 3.7 percent and China plays dropped 4.6 percent on Monday after worries about the health of the US economy sparked a global equities sell-off, with Sinopec Corp and other recent outperforming resource shares leading the losses.
Indonesian share prices closed down 4.3 percent on Monday after Wall Street slumped on renewed credit fears, triggering profit-taking on the market's recent record-breaking run, dealers said. They said locally, the weaker rupiah also weighed on market sen
PetroChina, the nation's largest oil producer, announced it expects to sell about five billion dollars of stock on the Shanghai stock exchange next month, state media reported on Monday.
PetroChina, the nation's largest oil producer, announced it expects to sell about five billion dollars of stock on the Shanghai stock exchange next month, state media reported on Monday.
Philippines share prices plunged 3.98 percent on Monday, with investors cashing out after Wall Street's heavy losses at the end of last week and amid local security concerns, dealers said. They said those security fears followed an explosion in the financ
Australian share prices closed down 1.9 percent on Monday as investors fretted about the possibility of a further sell-off on Wall Street, dealers said. The benchmark S&P/ASX 200 closed down 129.0 points at 6,577.3, while the broader All Ordinaries index
China on Monday exercised its right to temporarily block a World Trade Organisation (WTO) investigation into Chinese rules affecting the sale of US films, music, books, magazines and newspapers, diplomats said.
Financial market turbulence should have only a limited impact on eurozone growth, European Central Bank policymakers said at weekend meetings of global financial officials in Washington. But they gave conflicting assessments of the inflation outlook, sugg
Microsoft Corp ended three years of resistance on Monday, finally agreeing to comply with a landmark 2004 antitrust decision by the European Commission. The defeated software giant announced it would not appeal against a decisive European Union court ruli
Airbus parent EADS won shareholder backing on Monday for a new 11-member board which will lead Europe's biggest aerospace company for the next five years. The line-up is unchanged from that proposed by the company last month and includes EADS Chairman Rue
Lagardere sought to clarify reported comments from its chief executive, saying the French media and defence group had no plans to sell its shares in European aerospace group EADS for the moment. Earlier on Monday, Arnaud Lagardere was quoted as saying tha
A major amusement park billed as Disney Land-like complex opened to the public on Monday in eastern China, state press reported. At 1.25 million square metres (13.5 million square feet) the Fanta Wild theme park in Anhui's Wuhu city, where a major industr
Investor confidence in the US economy edged up in October from its lowest levels in a year helped by the Federal Reserve's September interest rate cut. However, investors' optimism about their own portfolios tumbled sharply on worries about the impact of
European Union agriculture ministers agreed on Monday to reveal to the outside world exactly who receives how much in subsidies from the EU's massive farm support policy, putting an end to years of secrecy.
Afghan tribal elders and farmers in the world's biggest opium-producing region have promised not to plant poppies this year, the provincial governor said on Monday, only weeks before the time for sowing.
World credit markets "have lived through an earthquake" and the question is now whether the global economy has reached a turning point after five years of strong growth, the head of the International Monetary Fund said on Monday.
Japan on Monday called for the International Monetary Fund to sharply cut back on its spending by prioritising and shedding non-core operations and staff to cope with its falling income.
US Treasury Secretary Henry Paulson said on Monday global growth and financial soundness depend increasingly on emerging market economies and their influence over multilateral financial institutions should be expanded.
US Treasury Secretary Henry Paulson said on Monday global growth and financial soundness depend increasingly on emerging market economies and their influence over multilateral financial institutions should be expanded.
Resurgent Russia, keen to erase memories of its economic crisis in 1998, has paid a $343 million credit back to the United States ahead of schedule, Deputy Finance Minister Sergei Storchak said on Monday.
Bear Stearns Cos, the US investment bank battered by slumping mortgage markets, and China's CITIC Securities Co have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday. The deal would bolster access to business in boom
Malaysian palm oil futures ended 1.8 percent lower on Monday as rival soybean oil and crude oil fell, pulling prices from record highs hit last week. Traders said investors might start to cash in profits as the market had been heavily overbought for nearl
Tokyo rubber futures plunged about 2 percent on Monday as a sharply higher yen and falls in global equities prices prompted investment funds to lighten positions in the soft commodity.
Asian physical rubber prices were higher on Monday on supply worries, despite falls for futures contract prices on the Tokyo Commodity Exchange. Falling supply pushed prices higher as scattered rain cut output in Thailand's south, which produces around 90
Indian soyoil futures eased on Monday, tracking rival Malaysian palm oil and sluggish demand in the physical market. At 3:40 pm (1010 GMT), the November futures contract on the National Commodity and Derivatives Exchange was down 0.29 percent at 485.90 ru
Grain prices continued to rise last week, though at a slower pace than previously, while sunset prices decreased for the first time this season. government measures to regulate the domestic grain market, a decrease in world prices and a sharp deficit in w
Outright Asian oil swaps retreated on Monday, as crude oil prices fell after touching an all-time high on Friday, while fuel oil's crack bounced back on persistent supply worries. Front-month November gas oil swaps slid by $1.30 to $95.85 a barrel by mid-
Asian fuel oil prices fell on Monday but cargo premiums and crack spreads stayed at firm levels on supply tightness and continued support by Shell in the physical market. The strong market has prompted even irregular suppliers such as Thai Oil to sell and
Oil fell on Monday, extending the previous session's decline on profit taking from record highs, but hovered near $88 on simmering geo-political tensions and a weak dollar. US light crude for November delivery fell 77 cents to $87.83 a barrel in Globes el
Vietnam's coffee exports next year are projected to reach 900,000 tonnes, or 15 million bags, the government said on Monday in the first official projection for 2008 by the second-largest producer after Brazil. The figure is the average annual shipment ta
Gold shrugged off a tumbling US dollar and fell more than 1 percent on Monday as investors cashed in on the metal's rally to its highest in nearly three decades last week. Oil's fall from a record high and a broad sell-off in Asian shares also spurred sel
Gold on Monday hovered below a 28-year high marked last week, supported by safe-haven buying after a sell-off in global stock markets, while Tokyo gold futures sold on a rally in the yen versus the dollar. Cash gold traded at $763.00/763.80 an ounce, comp
Shanghai copper fell 1.7 percent on Monday and London futures headed lower, reeling after falls on Wall Street on concerns that problems in the housing and credit markets were spreading to the broader economy.
The Karachi Port handled 269,953 tonnes cargo including 225,229 tonnes import, 44,724 tonnes export cargo and 2,428 containers (TEUs) during last 48 hours ending at 0700 hours on Monday.
Nominal business was seen in the local grain market on Monday as sugar and rice prices depicted light changes in process of trading, dealers said. On the seed side cottonseed oilcake with bag Sindh new quoted higher at Rs 700 and old type also followed su
Singapore bunker prices fell on Monday, but its discount to fuel oil cargo values deepened as buyers stayed clear of the market. Prices for the 380-centistoke (cst) grade were pegged at $438-$440 a tonne, down $6 from the last session, while the discount
Soybean futures on the Chicago Board of Trade fell more than 1.5 percent on Monday on slipover selling from crude oil, traders said. CBOT November soyabeans in electronic trade were down 15 cents to $9.68-per bushel, after hitting $9.64.
Indonesian palm oil prices rose on Monday, catching up recent gains in Malaysian futures, but many players refrained from taking positions because of market volatility. The state marketing centre in Jakarta sold crude palm oil at 7,561 rupiah ($0.828) a k
Demand for stainless steel scrap should pick up in the first quarter after nearly six months of falls, Michael Wright, chairman of metal recyclers ELG Haniel Metals Ltd, said on Monday. "I am very optimistic on the first quarter. We've had a very difficul
US Plains hard red winter wheat basis bids were holding mostly steady on Monday with some merchants taking up to 15 cents a bushel protection against expected sharp declines in the futures market. Futures fell as much as 12-1/2 cents overnight and the mar
Cocoa arrivals at ports in Ivory Coast reached around 116,000 tonnes from October 1-21, compared to 46,770 tonnes in the same period a year earlier, exporters estimated on Monday. The exporters estimated 45,000 tonnes of beans had arrived at ports between
Argentine export commitments of 2006/07 corn totalled 13.505 million tonnes as of October 19, unchanged from a week earlier, the Agriculture Secretariat said in its latest weekly report. By the same date last year, Argentina had sold 8.17 million tonnes o
US CIF corn and soyabean barge basis values held steady Monday but traders expected values to rise amid calls for futures prices to open sharply lower. Hard and soft red winter wheat values had a firm tone on news that Russia, a major grain exporter, was
Argentine 2006/07 wheat export commitments totalled 8.82 million tonnes by October 19, unchanged from a week earlier, the Agriculture Secretariat said in its latest weekly report. By the same date last year, Argentina, a top-five wheat exporter, had sold
Panic buying was witnessed on the cotton market on Monday as growers had raised the asking prices due to perception of short crop, dealers said. The Karachi Cotton Association (KCA) official spot rate picked up Rs 25 to Rs 2850, dealers said.
Upward trend was seen on the cottonseed oilcake market on Monday as buyers took interest in the fresh deals, dealers said. The December vaida opened with rupees two gain at Rs 516.00 and market closed at the same rate, they said. The January vaida also op
Former prime minister and Pakistan People's Party Chairperson Benazir Bhutto expressed dissatisfaction over the probe into the October 18 blasts, saying the investigations are being carried out in an unorganised manner.
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
Former prime minister and Pakistan People's Party Chairperson Benazir Bhutto expressed dissatisfaction over the probe into the October 18 blasts, saying the investigations are being carried out in an unorganised manner.
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
Sri Lanka's trade deficit narrowed to $2.12 billion in the first eight months of 2007 as exports, led by textiles, outpaced imports of goods like petroleum and fertiliser, the central bank said on Monday.
The International Monetary Fund backed internal reforms to give low-income countries a greater voice and the World Bank put agriculture at the heart of its anti-poverty mission at annual meetings here this weekend.
The International Monetary Fund backed internal reforms to give low-income countries a greater voice and the World Bank put agriculture at the heart of its anti-poverty mission at annual meetings here this weekend.
The International Monetary Fund backed internal reforms to give low-income countries a greater voice and the World Bank put agriculture at the heart of its anti-poverty mission at annual meetings here this weekend.
The head of the International Monetary Fund, Rodrigo Rato, warned Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar assets. "There are risks that an abrupt fall in the dollar could either be triggered by, o
The head of the International Monetary Fund, Rodrigo Rato, warned Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar assets. "There are risks that an abrupt fall in the dollar could either be triggered by, o
The head of the International Monetary Fund, Rodrigo Rato, warned Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar assets. "There are risks that an abrupt fall in the dollar could either be triggered by, o
The Ministry of Food, Agriculture and Livestock (Minfal) will hold the secretaries committee meeting within the next two days to finalise the modalities of import of 0.4 million tons of wheat.
The Ministry of Food, Agriculture and Livestock (Minfal) will hold the secretaries committee meeting within the next two days to finalise the modalities of import of 0.4 million tons of wheat.
The Ministry of Food, Agriculture and Livestock (Minfal) will hold the secretaries committee meeting within the next two days to finalise the modalities of import of 0.4 million tons of wheat.
The Trade Development Authority of Pakistan (TDAP) will develop the web portals of exporters, promote marketing through internet and exploit the export potentials of pharmaceutical sector. This was decided in a meeting, minutes of which were made availabl
Prime Minister Shaukat Aziz Monday appreciated the performance of the Ministry of Ports and Shipping, saying it has achieved many important milestones in a short span of three years.
