Lifting of emergency after nearly six weeks, aided the rupee to expand its gain versus dollar and euro in the currency market at the weekend, dealers said. The rupee made solid gains against dollar in the interbank market, gaining 16 paisa at 61.00 for bu
Lifting of emergency after nearly six weeks, aided the rupee to expand its gain versus dollar and euro in the currency market at the weekend, dealers said. The rupee made solid gains against dollar in the interbank market, gaining 16 paisa at 61.00 for bu
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
Ukraine raw sunoil output fell 4.1 percent to 188,000 tonnes in November from 195,000 in October, the State Statistics Committee said on Friday. It said 1.921 million tonnes were produced in the first 11 months of this year, or 8 percent more than in the
Singapore bunker sales volumes in November fell about 7 percent from the previous month as record high prices dampened demand from shipowners, traders and shipowners said on Thursday. Singapore bunker sales slipped 198,000 tonnes to 2.523 million tonnes i
The Karachi Port handled 109,077 tonnes cargo including 67,651 tonnes import, 41,426 tonnes export cargo and 4,073 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Wheat futures on the Chicago Board of Trade closed mixed on Friday in volatile trade, with the March contract roaring to an all-time high on scarce supplies and technical buying, traders said.
No change was seen on the forward cottonseed oilcake market on Saturday as some purchases noted but rates did not fluctuate in process of trading, dealers said. The December vaida opened with no change at Rs 590.50 and closing was seen at the same level,
Trading activity picked up on the cotton market on Saturday as many spinners covered their forward needs despite the news of short staple cotton import, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3000, market
US Plains hard red winter wheat basis bids were holding steady on Friday, with mostly routine dealings, grain merchants said. Plains dealers said mill demand was slowed as mills had stocked up ahead of the impending Christmas holiday.
Rising trend was seen in the grain market on Saturday as most of the commodity items depicted upward trend in process of trading, dealers said. On the seed side, wheat old and new both types gained Rs 25 to Rs 1750-1765. Guwar Sindh low type was sharply h
Physical trade in coffee from Brazil, the world's largest exporter, remained hard in Europe this week as exporters continued to demand more than European industry was willing to pay, traders said on Friday.
Soybean futures at the Chicago Board of Trade rallied to a 34-year high for the sixth consecutive session on Friday on continued technical buying, with support stemming from an active export pace and outlooks for a sharp drawdown in supplies, traders said
US gold futures finished down but off their lows on Friday, hurt by a dollar rally after a report showed signs of US consumer inflation, slashing expectations of more aggressive rate cuts from the Federal Reserve.
In the last sale before the Christmas break, the Australian wool market reached its highest closing level for the season when it finished 0.4 percent higher, on average, at sales in Sydney, Melbourne and Fremantle.
US copper futures ended Friday with only small losses after making sizeable declines all week, but a greater-than-forecast increase in US manufacturing data and a bout of short covering pulled prices up from their three-week lows, traders said.
Indian sugar output this season is likely to be 3 million tonnes below forecasts due to a late start to some crushing, perhaps stemming any further fall in already rock-bottom prices, a leading firm said on Friday.
Rough rice futures at the Chicago Board of Trade fell on Friday on follow-through technical selling, traders said. January rice closed 5-1/2 cents weaker at $13.12-1/2 per hundredweight and March ended 5 lower at $13.45. The market trended lower all week
Bangladesh's attempt to import half a million tonnes of rice from neighbouring India to meet the its immediate post-cyclone needs has hit a snag, after New Delhi said that only the Indian government could make such exports.
Cocoa arrivals in the port city of Lagos, Nigeria's main export route, rose to 29,000 tonnes in November, up 9.4 percent on the same month last season, an average of estimates by exporters showed on Friday.
Mahela Jayawardene's Sri Lanka will leapfrog from world number five to second behind Australia if they win the third and final Test against England starting here on Tuesday. A win would give the hosts a 2-0 series success and lift Jayawardene's men past I
Veteran South African all-rounder Shaun Pollock sent the West Indians crashing to a narrow defeat against a Makhaya Ntini Invitation XI in a rain-affected opening match of their tour at Buffalo Park Friday. Pollock top-scored 54 off 40 balls and took one
Football's governing body FIFA on Saturday banned all matches it sanctions at an altitude of more than 2,750 metres (9,022 feet) "without acclimatisation", relaxing its earlier limit. It also set up a 40-million-dollar referee training project and increas
New England manager Fabio Capello has said the job will be his last in football and acknowledged he has a tough task ahead of him. The 61-year-old Italian was appointed on Friday and succeeds Steve McClaren, who was sacked last month after England failed
A quintet of India's golden generation of cricketers have a final tilt at glory in Australia when the team embark on a difficult tour next week. The four-match series could be the last test toralia for batting greats Sachin Tendulkar, Rahul Dravid, Saurav
The 24th Southeast Asian Games ended on Saturday with hosts Thailand scooping a mammoth 183 golds, but the 10-day showpiece was overshadowed by claims of unfair judging. With golden fireworks, music and traditional Thai dancing, the biennial event drawing
Caretaker Punjab Chief Minister Ejaz Nisar has ordered the Prosecution Department to help courts in providing justice to the public. His order came at a department briefing meeting here on Saturday.
The Lahore High Court chief justice has announced Eid holidays from December 20 to 22 instead of December 20 to 21. A court notification said the court's benches in Rawalpindi, Multan and Bahawalpur and civil and sessions courts in the Punjab would observ
The Lahore High Court chief justice has set up eight divisional and 20 single benches to deal with a string of pending cases next week beginning on December 17.
Lahore High Court Chief Justice and 26 other Judges, including eight additional Judges, took oath under the 1973 Constitution in an impressive ceremony here at the Governor House on Saturday. Punjab Governor Khalid Maqbool administered oath to Lahore High
Dr Muhammad Rashid Director General Ayyub Agriculture Research Institute, Faisalabad, has said that the level of competence in biometrical principles and techniques can be improved through the improvement of quality research at the national scenario.
The World Punjabi Congress (WPC) is organising three international conferences on 'peace and democracy: challenges of extremists and fundamentalists.' A congress spokesman said on Saturday that the conferences would be held on December 20, January 3 and 8
The Capital City Police Peshawar have recovered latest arms and drugs from the custody of 10 Proclaimed Offenders (POs) in a crackdown against criminals involved in murder, attempt of murder, robbery and drug selling in the district during last 24 hours.
President Pervez Musharraf in a US press interview on Saturday, defended imposing a state of emergency in his country, vowing that a "better and stronger" Pakistan would emerge despite recent travails.
London Acquisition, a company controlled by a consortium of funds managed and advised by Candover, Landsbanki Islands and Eyrir Invest, have made their 1.5 billion euro ($2.2 billion) offer for Dutch industrial group Stork NV formal, they said late on Fri
London Acquisition, a company controlled by a consortium of funds managed and advised by Candover, Landsbanki Islands and Eyrir Invest, have made their 1.5 billion euro ($2.2 billion) offer for Dutch industrial group Stork NV formal, they said late on Fri
Italian prosecutors have opened a preliminary investigation into US investment funds Evergreen and Quantum for speculation in the bidding for Alitalia, the ANSA news agency reported.
Italian prosecutors have opened a preliminary investigation into US investment funds Evergreen and Quantum for speculation in the bidding for Alitalia, the ANSA news agency reported.
Swiss Bank UBS AG's purchase of Standard Chartered Plc's mutual funds business in India has hit a roadblock as India's central bank appears to have rejected the deal, the Economic Times newspaper said on Saturday, citing unidentified sources.
Swiss Bank UBS AG's purchase of Standard Chartered Plc's mutual funds business in India has hit a roadblock as India's central bank appears to have rejected the deal, the Economic Times newspaper said on Saturday, citing unidentified sources.
India is piling up mountains of electronic rubbish as consumers snap up the latest gizmos and firms upgrade computer systems, raising fears the nation is headed for a toxic-waste crisis.
Greece's labour minister, in charge of implementing difficult pension reforms, was sacked on Saturday, the government said. "Labour Minister Vasilis Magginas submitted his resignation today the prime minister accepted his resignation," government spokesma
Hauliers, farmers and motorists staged protests across Britain on Saturday against record petrol and diesel prices, but a poor turn-out saw some demonstrations called off.
Three Japanese banks that have been asked to provide $5 billion each to a subprime support fund planned by US banks have balked at what they see as an unreasonably high figure, the Nikkei business daily reported on Saturday.
Three Japanese banks that have been asked to provide $5 billion each to a subprime support fund planned by US banks have balked at what they see as an unreasonably high figure, the Nikkei business daily reported on Saturday.
Abu Dhabi Commercial Bank (ADCB) is close to buying a 25 percent stake in Malaysia's fourth-largest banking group, RHB Capital, the Business Times said on Saturday, without citing its source.
Advanced Micro Devices Inc has delayed shipments of a key, high-end microprocessor until the first quarter of next year and does not expect to break even until the second quarter, the chipmaker said on Thursday.
Advanced Micro Devices Inc has delayed shipments of a key, high-end microprocessor until the first quarter of next year and does not expect to break even until the second quarter, the chipmaker said on Thursday.
US investment bank Goldman Sachs has been asked to use its global reach to help put together a financing package to rescue ailing bank Northern Rock, a UK Treasury spokesman confirmed on Saturday.
The US Senate on Friday overwhelmingly passed legislation to expand the nation's largest federal homeownership programme in a move that could help struggling subprime borrowers avoid foreclosure. The bill, which passed on a 93-1 vote, would loosen underwr
The US Senate on Friday overwhelmingly passed legislation to expand the nation's largest federal homeownership programme in a move that could help struggling subprime borrowers avoid foreclosure. The bill, which passed on a 93-1 vote, would loosen underwr
The International Monetary Fund will lower its growth outlook as the continued credit crisis hurts the US and European economies, while global imbalances also weigh on growth, its top economist was quoted as saying.
A decision by Gulf Arab countries to keep dollar pegs is final but revaluations are still an option for central bankers in the oil-exporting region, the UAE central bank governor said in remarks published on Saturday.
Credit Suisse is well-positioned as the credit crisis continues, having cut its exposure, but the worst of the turmoil is not over for the sector, the Swiss bank's head was quoted as saying.
Credit spreads of US financial companies may outperform in the second half of 2008, though there is no rush to take long positions in the credits as the first half of the year still threatens to be weak.
Credit spreads of US financial companies may outperform in the second half of 2008, though there is no rush to take long positions in the credits as the first half of the year still threatens to be weak.
Asian bonds weakened on Friday after a Moody's downgrade of Citigroup raised questions how much pain financial firms still face because of soured subprime mortgage investments and how hard it will hit the US economy. Moody's downgraded Citigroup's debt by
Asian bonds weakened on Friday after a Moody's downgrade of Citigroup raised questions how much pain financial firms still face because of soured subprime mortgage investments and how hard it will hit the US economy. Moody's downgraded Citigroup's debt by
US corporate bond spreads held steady on Friday after Citigroup Inc unveiled a plan to rescue $49 billion of off-balance sheet investments. Goldman, the Wall Street bank that profited most from its contrarian bets on credit, advised clients that Citi's bo
US corporate bond spreads held steady on Friday after Citigroup Inc unveiled a plan to rescue $49 billion of off-balance sheet investments. Goldman, the Wall Street bank that profited most from its contrarian bets on credit, advised clients that Citi's bo
US Treasury debt prices fell on Friday as rising consumer price inflation fanned doubts about whether the Federal Reserve would cut interest rates further. The Fed's modest rate cut earlier this week and a plan by global central banks to boost lending amo
US Treasury debt prices fell on Friday as rising consumer price inflation fanned doubts about whether the Federal Reserve would cut interest rates further. The Fed's modest rate cut earlier this week and a plan by global central banks to boost lending amo
Two of next week's US initial public offerings hope to spark investor interest; one with celebrity appeal, while the other quite literally promises a brighter future. Next week's red carpet debut is software maker NetSuite, an IPO being brought to market
Emerging debt prices declined on Friday but risk spreads still tightened as high-yielding bonds outperformed US Treasuries, with investors trying to guarantee a good performance for their portfolios before year-end.
Emerging debt prices declined on Friday but risk spreads still tightened as high-yielding bonds outperformed US Treasuries, with investors trying to guarantee a good performance for their portfolios before year-end.
Mexican stocks fell on Friday as a surge in US consumer prices fuelled concerns that the Federal Reserve may hold off on cutting interest rates. The benchmark IPC stock index slipped 0.31 percent to 29,994.90 points, following the slide in equities on Wal
Chilean stock indexes gained on Friday, as investors snapped up lower-priced stocks following a four-session slump. The all-market IGPA stock index rose 0.45 percent to 13,898.81 points, while the trade-weighted blue chip IPSA index advanced 0.73 percent
The Toronto Stock Exchange's main index fell modestly on Friday, capping off a losing week, as mining issues continued to slide, while US inflation data dampened expectations of further interest rate cuts. The S&P/TSX composite index ended down 73.02 poin
Argentine stocks fell for a fourth consecutive session on Friday after higher-than-expected consumer price data in the United States inflamed concerns about the health of the world's biggest economy. The MerVal index of the 25 leading stocks shifted down
Brazil's stock market fell in volatile trading on Friday as a higher-than-expected inflation reading trimmed expectations of lower US interest rates and risk aversion increased. The Bovespa index of the Sao Paulo Stock Exchange shed 0.66 percent to 62,444