In the face of rising demand for dollars, the rupee could not maintain its firmness against US currency in the inter-bank market at the weekend, falling six paisa for buying and selling at Rs 61.13 and Rs 61.15, money experts said.
In the face of rising demand for dollars, the rupee could not maintain its firmness against US currency in the inter-bank market at the weekend, falling six paisa for buying and selling at Rs 61.13 and Rs 61.15, money experts said.
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
Listless business was seen on the cotton market on Saturday. Nearly 1200 ginning factories had stopped work, to protest against the fall in the rates. The government is, according to the Pakistan Cotton Ginners Association (PCGA) not taking preventive mea
Thin trading was seen in the grain market on Saturday as prices on grams counter moved both ways, dealers said. On the seed side, castorseed Lasbela gained Rs 25 to Rs 925, other items maintained the overnight levels, they said.
Wheat futures on the Chicago Board of Trade climbed nearly 3 percent to one-month highs on Friday in a shortened session, buoyed by technical buying and export news, traders said. "Technically the market is strong. India's plantings are behind, and world
Asian freight rates for Very Large Crude Carriers (VLCCs) loading from the Middle East jumped more than 33 percent, as higher global demand for crude ahead of the peak winter season lifted tanker bookings.
The lineup of vessels waiting to load sugar in Brazilian ports fell to 39 ships waiting from 47 ships waiting two weeks ago, shipping agent Williams said. In a weekly report, Williams said 29 vessels were lined up in the southern port of Santos, compared
The Karachi Port handled 36,087 tonnes cargo including 28,430 tonnes import, 7,657 tonnes export cargo and 371 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Saudi Arabia's Savola Group said on Saturday it bought Turkish edible oils firm Yudum Food from National Bank of Kuwait's investment banking unit for 200 million riyals ($53.3 million). Yudum will be owned by edible oil firm Afia International, which is w
Vietnam's trade deficit will more than double to $10.5 billion in the first eleven months of the year, as imports jump by one third to $54.1 billion, a state-run newspaper said on Saturday.
Nearly 20 years ago when small loans from the Nobel peace prize winning Grameen bank first became available in her village, Bilkis Begum wasted no time in signing up. From 1985 she took out loans to start a small shop, buy a rice threshing machine and a b
Malaysia and India will begin negotiating a free trade agreement in January 2008, a report said Saturday. Rafidah Aziz, Malaysia's trade minister was quoted as saying a bilateral trade pact could boost Malaysia's exports to India by 1.3 times, or 12 billi
Several thousand people marched peacefully through the main street of Lithuania's capital Vilnius on Saturday to protest against rising prices and demand higher wages and pensions.
Iran is capable of producing more oil to meet international market's demand but the Islamic state is committed to Opec's decision on output change, Iran's Oil Minister Gholamhossein Nozari said on Saturday. "If statistics show there is a need to raise Ope
Germany was outvoted as European Union nations clinched a complex budget deal that will provide public funding for a satellite navigation system, a disputed technology institute and a Kosovo peace mission.
Shoppers in the United States brushed off some gloomy economic forecasts and rushed into stores during the Thanksgiving Day weekend, kicking off one of the busiest US shopping periods of the year.
British Prime Minister Gordon Brown said on Saturday the slowing US economy would have an impact on the European economy in the next few months but predicted the British economy would remain stable.
British Prime Minister Gordon Brown said on Saturday he hoped for agreement on a new world trade deal within weeks. Brown held talks with Indian Prime Minister Manmohan Singh on the sidelines of a summit of the 53-nation Commonwealth to try to inject new
Taiwan has suspended beef imports from a US packing house after finding crushed bones in a shipment from the company, the Department of Health (DOH) said on Saturday.
The US subprime mortgage crisis is to worsen in the coming year with the number of foreclosures and home-loan defaults set to spike because of automatic interest rate rises, The Wall Street Journal reported Saturday.
Staff at German stock exchange operator Deutsche Boerse will fight plans they say will cut 300 out of a total of 3,000 jobs at the company, the Euro am Sonntag newspaper said.
Car makers that fail to respect planned new EU emissions limits will have to pay "damages," European Commission chief Jose Manuel Barroso said in an interview to be published Sunday. "If constructors do not respect the limit, there must be consequences,"
Romania's central bank is concerned about a potential rise in inflation above 6 percent at the end of this year, but governor Mugur Isarescu said on Saturday the bank does not aim to change the 2008 target.
The adoption of tougher sanctions against Iran over its nuclear programme could cost the German budget 2 billion euros, according to Finance Ministry estimates cited in Der Spiegel magazine on Saturday.
A fair exchange rate for the Chinese yuan is a critical component of balanced global ties, French President Nicolas Sarkozy told Xinhua news agency. Sarkozy, who begins a three-day visit to China on Sunday, has been vocal in demanding that China let the y
The yield on Mexico's 10-year government peso bond fell for the first time in over a week on Friday as investors bet the central bank would keep interest rates steady for several months at least.
The yield on Mexico's 10-year government peso bond fell for the first time in over a week on Friday as investors bet the central bank would keep interest rates steady for several months at least.
More Italian companies will likely postpone until next year their plans for a stock listing because market turmoil has made investors wary, according to bankers and investors. World markets have tumbled this week as concerns about the US economy grew.
The corporate bond market was firmer on Friday in very light trade the day after the Thanksgiving holiday, and financials ended the week stronger after a week long sell off. The market's slightly positive, though it's largely because there is little tradi
The corporate bond market was firmer on Friday in very light trade the day after the Thanksgiving holiday, and financials ended the week stronger after a week long sell off. The market's slightly positive, though it's largely because there is little tradi
US Treasury prices finished mostly lower on Friday as a rebounding stock market curbed the bid for safe-haven US government debt. US stocks climbed as the kickoff to the holiday shopping season lifted retail stocks across the pricing spectrum. Signs of pr
US Treasury prices finished mostly lower on Friday as a rebounding stock market curbed the bid for safe-haven US government debt. US stocks climbed as the kickoff to the holiday shopping season lifted retail stocks across the pricing spectrum. Signs of pr
Bangkok Dusit Medical Services, Thailand's biggest hospital firm, said on Friday that it would sell five billion baht ($148 million) of bonds to refinance debt in February 2008.
Bangkok Dusit Medical Services, Thailand's biggest hospital firm, said on Friday that it would sell five billion baht ($148 million) of bonds to refinance debt in February 2008.
Emerging sovereign debt prices were little changed on Friday amid thin post-holiday volumes, with volatile Argentine bonds still pressured by a recent spike in global risk aversion.
Emerging sovereign debt prices were little changed on Friday amid thin post-holiday volumes, with volatile Argentine bonds still pressured by a recent spike in global risk aversion.
Investors waiting to see if European shares can eke out a gain this year will scour economic data and watch banks for fresh credit market disclosures next week as earnings news slows.
Brazil's stock market rose on Friday led by blue chips CVRD and Petrobras as oil and commodities prices gained. The Bovespa index of the Sao Paulo Stock Exchange rose 0.52 percent to 60,970.9 points. Local stocks were also helped by higher stocks on Wall
Argentine stocks closed virtually flat on Friday in a session marked by selective trading as investors waited for further signs of the health of the US economy. The MerVal index of the 25 leading stocks rose 0.06 percent to 2,212.04 points, but ended the
The Toronto stock market's main index finished higher for the second day in a row on Friday, with help from resource shares lifted by commodity prices, and a broad bounce-back from recent depressed levels.
The Canadian bond prices were mixed, but mostly lower as a rally in North American equities markets undercut the safe haven bid for short dated bonds. The two-year yield was up slightly, but is still down over 70 basis points since October 5, when it was
The Canadian bond prices were mixed, but mostly lower as a rally in North American equities markets undercut the safe haven bid for short dated bonds. The two-year yield was up slightly, but is still down over 70 basis points since October 5, when it was
Chilean stock indexes rose for a second day on Friday following better-than-expected third quarter economic growth figures. The all-market IGPA stock index rose 0.81 percent to 14,106.28 points, while the trade-weighted blue chip IPSA index gained 0.93 pe
US stocks rebounded on Friday in an abbreviated session as the start of holiday shopping lifted retail stocks, while progress in a plan to relieve the credit market's strain aided bank shares.
The dollar will likely continue probing record lows against the euro next week, with housing data seen supporting views of further deterioration in the US economic outlook and more Federal Reserve interest rate cuts.
The euro set a record high against the US dollar early on Friday, but the key $1.50 level remained out of reach and the currency fell back more than a cent on comments from a euro zone policy-maker.
Illiquid markets and concerns about economic growth combined to nudge the Canadian dollar lower against the US dollar on Friday. Domestic bond prices, with no new North American data to influence direction, ended mostly lower as investors returned to equi
Chile's current account balance of payments surplus sharply narrowed in the third quarter to $329.6 million from $2.1219 billion in the second quarter of this year, the central bank said on Friday. Chile's current account surplus was $1.2365 billion in th
Economic uncertainties have markedly increased in the past months, but the European Central Bank is sticking to a base scenario of a limited slowdown with inflationary tensions, ECB Governing Council member Guy Quaden said in remarks published on Saturday
Rescued passengers from a Canadian-chartered passenger ship received the rare opportunity to spend the night in Antarctica Saturday after their cruiseliner slammed into an iceberg and sank off the frozen continent.
One hundred people died in the worst mining accident in Ukraine's post-Soviet history last week, Interfax news agency said Saturday giving what it said was the final toll of the disaster. "We can now officially say that the accident killed 100 miners at t
Police fired shots in the air Saturday to disperse hundreds of people who took to the streets in Ingushetia to protest against the government of the restive south Russian province, witnesses said.
Sri Lanka's Tamil Tiger rebels have begun commemorating nearly 20,000 of their men and women killed fighting for an independent homeland, the guerrillas said Saturday. The Liberation Tigers of Tamil Eelam (LTTE) announced their losses since the first guer
Ukraine's President Viktor Yushchenko and the country's political elite turned out Saturday for a solemn service to commemorate the millions who died in the Soviet-era famine of 1932-1933.
The governor of India's western resort state of Goa escaped an assassination attempt on Saturday by tribal separatists in India's revolt-hit north-east, officials said. Governor S.C. Jamir's 30-vehicle convoy was attacked in his native Nagaland state, abo
At least 10 people died in separate attacks across Sri Lanka's north Saturday, the government said, marking the latest violence in the island's bloody ethnic conflict. Seven Tamil Tiger rebels were killed in various clashes in the northern region, the def
Top Turkish and US military officials held talks here on Saturday on joint efforts to combat Kurdish rebels based in northern Iraq in the second such meeting this week, the Turkish army said.
More than 100 people were evacuated and several buildings were destroyed early Saturday as a wind-driven wildfire raged out of control in the celebrity enclave of Malibu, officials and reports said.
Controversial Bangladeshi author Taslima Nasreen remained in hiding in India on Saturday fearing reprisals from hard-line Muslims who see her work as blasphemous, officials said.
Twenty-three new cardinals knelt before Pope Benedict XVI on Saturday to accept their birettas - square red hats - during a time-honoured ceremony inducting them into the elite body that advises and elects popes.
The top United Nations human rights official urged states worldwide to take more action against rape, domestic abuse and all other forms of violence against women.
Israeli Infrastructure Minister Benjamin Ben Eliezer on Saturday welcomed Arab participation at next week's US-hosted Middle East peace conference saying it would bolster Arab moderates in the region.
Cyclone-hit Bangladesh said Saturday it had received pledges of 470 million dollars' worth of aid and described the response to the disaster as "overwhelming."