US Treasury debt prices ended lower on Friday after erasing an early gain scored on news that consumers' mood soured in the first half of May. Since consumer spending accounts for about two-thirds of US economic activity, and consumers' perceptions about
Brazil stocks surged to a record on Friday as mining company Vale, local steelmakers and state-controlled Petrobras took a boost from a commodity rally, while the national currency gained to its strongest level since January 1999. The Bovespa index of the
US corporate bonds firmed on Friday, encouraged by resilient stocks, while companies including investment bank J.P. Morgan Chase and homebuilder Hovnanian Enterprises Inc raised new cash. US stocks cut losses on Friday and the S&P 500 briefly turned highe
US corporate bonds firmed on Friday, encouraged by resilient stocks, while companies including investment bank J.P. Morgan Chase and homebuilder Hovnanian Enterprises Inc raised new cash. US stocks cut losses on Friday and the S&P 500 briefly turned highe
Credit default swaps on Entergy Corp may widen significantly if the energy company completes plans to spin off some of its assets into a new company. Entergy said late last year it plans to transfer six nuclear power plants into a new publicly traded comp
Credit default swaps on Entergy Corp may widen significantly if the energy company completes plans to spin off some of its assets into a new company. Entergy said late last year it plans to transfer six nuclear power plants into a new publicly traded comp
The United States is halting shipments to its strategic oil reserve for the second half of the year after Congress passed a bill calling for the suspension, the Energy Department said Friday.
Indonesia's oil and gas company Pertamina has set limits on subsidised fuel purchases ahead of the government's plans to hike fuel prices, reports said Saturday. In an announcement sent to petrol stations around the capital and several other cities, Perta
European and Latin American leaders called for action to tackle surging food prices and global warming at a summit in Peru on Friday, despite differences over biofuels and free trade.
After four decades carrying millions of New Yorkers, 44 of the city's subway cars are now home to millions of fish.The worn-out cars were dumped on Friday into the Atlantic Ocean, 21 miles off the Maryland coast, to create an artificial reef, designed to
Vietnam's central bank said on Saturday it has abolished the 12-percent ceiling rate on dong deposits and allowed banks to set their own rates from next week to help increase liquidity.
If another troubled US investment bank spirals toward insolvency, the federal government should have in place a mechanism to shut it down, the head of the Federal Deposit Insurance Corp said on Friday.
Microsoft Corp sees tens of millions of corporate e-mail accounts moving to its data centers over the next five years, shifting to a business model that may thin profit margins but generate more revenue.
Rising global oil prices could significantly dampen progress that has been made so far in calming financial markets, the International Monetary Fund's chief economist said on Friday.
Oil markets are balanced and there is no need for an emergency Opec meeting before September despite record oil prices, Qatari Oil Minister Abdullah bin Hamad al-Attiyah said on Saturday. "The oil market is balanced... There is no threat to or crisis in s
For almost any other tourist hotspot, greeting nearly 10 million visitors and earning 2.9 billion dollars from convention business in three months would be a cause for cheer. But for Las Vegas, those figures reflect the cold truth that, in a break from it
German firms are finding it increasingly tough to find apprentices and trainees that meet the standards they are looking for, a newspaper reported a survey by the DIHK chambers of industry and commerce as showing.
Morgan Stanley cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday, a 5 percent reduction of non-broker employees. Most of the cuts hit employees in the United S
Oil prices scaled fresh record heights last week, climbing past 127 dollars per barrel as the market was energised by tight supplies and a weak US currency, traders said.
In a better week, the Australian wool market finished 0.3 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 6 Australian cents (0.7 percent), ending the week at 890 Aust cent a kg.
Wheat sowing picked up speed in Argentina this week, with planting beginning in the principal farming belt, the Agriculture Secretariat said on Friday in a weekly crop report. Argentina is the world's No 4 wheat exporter and last season it produced 15.4 m
India's winter harvest of rice could shrink 5 percent this year if some farmers switch to oilseeds on worries that export curbs could lead to lower prices, a leading trader said on Friday.
US cocoa futures settled nearly 2 percent higher Friday, slowly consolidating from their sharp sell-off earlier this week with support stemming from the strong pound and spillover strength from other commodities, traders said.
Indonesian palm oil sales may reach pick up again in May after slowing in April, supported by a cut in the palm oil export tax and strong demand from major buyers India and Europe, traders said on Friday. Palm oil exports from Indonesia are seen at around
Raw sugar futures closed higher on Friday on investor short-covering and commercial buying as crude oil surged to another record high, and the sweetener is expected to push higher next week, brokers said. The key July sugar contract rose 0.13 cent to end
Sluggish gold sales during India's Akshaya Tritiya festival, normally seen as an auspicious time to buy the metal, provide the latest evidence of high prices hurting demand from the world's top consumer. The price level of 12,000 rupees per 10 grams (abou
Arabica coffee trading at ICE Futures US ended firm on Friday in sleepy, rangebound trade strengthened by the weaker dollar and investor buying while some participants focused on position rolling, dealers said.
US gold futures ended 2.3 percent higher at just below $900 an ounce on Friday on the back of a dollar slump and solid crude oil gains amid a broad commodities rally.
US soybean futures on the Chicago Board of Trade hit a two-month top on Friday, boosted by a farmer strike in Argentina that will continue into next week and further stall shipments from one of the world's top soy exporters, traders said. Signs of fresh e
Rough rice futures on the Chicago Board of Trade closed mostly higher Friday on a bounce from this week's sell-off spurred by easing world supply worries, traders said.
US copper futures closed up more than 2 percent Friday, hitting nine-day highs, after sharp gains in metals and almost all commodities on the back of a weaker dollar. July copper delivery settles up 8.8 cents at $3.8265 a lb on the COMEX metals division o
Prices moved both ways on the grain market on Saturday in process of modest trading, dealers said. On the cereals side, wheat Mexipak old and new shed Rs 100 to Rs 1800-1815, other items managed to hold the overnight levels, they said.
Business on the cotton market ended the week on a bullish sentiment as the official spot rate was raised by the KCA for the second time, dealers said. Just after a one-day gap, the KCA official spot rate was raised by further Rs 25 to Rs 3475, dealers sai
A few changes were seen on the forward cottonseed oilcake market on Saturday as rising trend in the prices kept the buyers away from the market, dealers said. The May vaida commenced inert at Rs 781.00 and closing was seen at the same level, without showi
US Gulf CIF soyabean basis values were firm on Friday, supported by export sales and expectations for demand, while corn was steady, traders said. USDA reported the sale of 253,000 tonnes of US soyabeans to China for delivery in the 2008/09 season startin
The Karachi Port handled 135,123 tonnes cargo including 84,607 tonnes import, 50,516 tonnes export cargo and 2,856 containers (TEUs) during last 24 hours ended at 0700 hours on Saturday. The cargoes comprised of 84,588 tonnes dry cargo including 58,406 to
US FOB Gulf corn basis offers were lower on Friday amid a lack of export demand due to high ocean freight, while soyabeans were steady, traders said. Basis values for corn fell 2 cents a bushel and by 7 to 8 cents in the CIF barge market for May and June
US wheat futures closed higher in Chicago and Kansas City on Friday on light short covering after a seesaw session, traders said. Wheat futures were seen as oversold and due for a bounce following a two-month slide, but the approaching harvest of a record
US corn futures on the Chicago Board of Trade closed lower on Friday, retreating from early advances on weak cash markets and prospects for planting progress, traders said. CBOT July corn closed 8 cents lower at $5.91 per bushel, with new-crop December do
Brazil's coffee zones have gone a second week with little or no rain, but temperatures are still well above freezing as winter approaches, private weather service Somar said on Friday. No rain was recorded in the last three days in the main coffee-produci
With US crop prices soaring to historic levels, times are seemingly good for grain farmers and agribusiness firms. So why are lenders worried about the US farm economy?
Europe's physical coffee market saw active purchasing of a range of origins this week as roasters sought to benefit from dips in New York prices, but business in the key exporters Brazil and Vietnam remained slack, traders said on Friday.
Nespresso, the premium coffee-capsule division of food group Nestle, expects to reach two billion Swiss francs (US $1.9 billion) in sales in 2008, two years earlier than planned, an executive of the company told Reuters.
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
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
The Federal Board of Revenue has suspended implementation of the new customs agents licensing rules to facilitate import and export clearances under the old procedure. In this connection, the FBR on Saturday issued a clarification to All Pakistan Customs
The economic team of the government on Saturday briefed the visiting International Monetary Fund (IMF) mission on the 2008-09 budget strategy being followed by it to overcome fiscal difficulties in short span of time available.
The economic team of the government on Saturday briefed the visiting International Monetary Fund (IMF) mission on the 2008-09 budget strategy being followed by it to overcome fiscal difficulties in short span of time available.
The economic team of the government on Saturday briefed the visiting International Monetary Fund (IMF) mission on the 2008-09 budget strategy being followed by it to overcome fiscal difficulties in short span of time available.
The government is actively examining taxation models of India and United Kingdom (UK) for introducing the concept of holding period (time period) for possible imposition of capital gain tax (CGT) on sales of listed securities from fiscal year 2008-09.
The government is actively examining taxation models of India and United Kingdom (UK) for introducing the concept of holding period (time period) for possible imposition of capital gain tax (CGT) on sales of listed securities from fiscal year 2008-09.
The government is actively examining taxation models of India and United Kingdom (UK) for introducing the concept of holding period (time period) for possible imposition of capital gain tax (CGT) on sales of listed securities from fiscal year 2008-09.
President Bush said Saturday that the Saudis' modest increase in oil production is "something but it doesn't solve our problem" of soaring gas prices. Taking note of the kingdom's recent decision to raise production by 300,000 barrels a day, the president
President Bush said Saturday that the Saudis' modest increase in oil production is "something but it doesn't solve our problem" of soaring gas prices. Taking note of the kingdom's recent decision to raise production by 300,000 barrels a day, the president
President Bush said Saturday that the Saudis'' modest increase in oil production is "something but it doesn''t solve our problem" of soaring gas prices. Taking note of the kingdom''s recent decision to raise production by 300,000 barrels a day, the presid
A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malays
A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malays
A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malays
The Federal Board of Revenue has suspended implementation of the new customs agents licensing rules to facilitate import and export clearances under the old procedure. In this connection, the FBR on Saturday issued a clarification to All Pakistan Customs
Colombia's economy showed signs of slower growth in the first quarter with key industrial production and retail sales figures expanding much less than a year ago. Industrial production rose 1.35 percent compared with 15.26 percent in the 2007 first quarte
City Nazim Mustafa Kamal has said that American investors have shown interest in city development projects and a number of delegations are likely to visit Karachi soon to discuss, assess and make investment plans.
City Nazim Mustafa Kamal has said that American investors have shown interest in city development projects and a number of delegations are likely to visit Karachi soon to discuss, assess and make investment plans.
Prime Minister Syed Yousuf Raza Gilani has said that poorest of the poor would get relief in the forthcoming budget. He was talking to newsmen at Chaklala Airbase before his departure for Egypt to attend the World Economic Forum on Middle East on Saturday
Liquefied petroleum gas (LPG) marketing companies have once again increased the price of LPG by rupee one to Rs 51 per kilogram in Karachi and Rs 52 in Punjab. LPG Distributors Association Chairman Abdul Hadi Khan said on Saturday the retail price of 11.8
Liquefied petroleum gas (LPG) marketing companies have once again increased the price of LPG by rupee one to Rs 51 per kilogram in Karachi and Rs 52 in Punjab. LPG Distributors Association Chairman Abdul Hadi Khan said on Saturday the retail price of 11.8
Liquefied petroleum gas (LPG) marketing companies have once again increased the price of LPG by rupee one to Rs 51 per kilogram in Karachi and Rs 52 in Punjab. LPG Distributors Association Chairman Abdul Hadi Khan said on Saturday the retail price of 11.8
US exports have been helped by a weaker dollar and this is providing a boost to an otherwise weak economy, Federal Reserve Bank of Atlanta President Dennis Lockhart said on Saturday.
Taiwan businesses struggling with more expensive labour in China should move up the value-added chain, Chinese officials said on Saturday, though they offered little relief to help the companies cut costs.
Prime Minister Yousuf Raza Gilani on Saturday said Pakistan is yet to reap the benefits of Information Technology that has played an important role in the socio-economic development of the world.
The Federal Board of Revenue has suspended implementation of the new customs agents licensing rules to facilitate import and export clearances under the old procedure. In this connection, the FBR on Saturday issued a clarification to All Pakistan Customs
Prime Minister Yousuf Raza Gilani on Saturday said Pakistan is yet to reap the benefits of Information Technology that has played an important role in the socio-economic development of the world.
Prime Minister Yousuf Raza Gilani on Saturday said Pakistan is yet to reap the benefits of Information Technology that has played an important role in the socio-economic development of the world.
Biofuels must not deprive the world's poor of food, a senior European official said, as he proposed a greater focus on second-generation biofuels that would be more environmentally friendly.
The EBRD said on Saturday its mission to grow market economies in former Soviet states must not be diluted by a flood of new entrants if the development bank's members agree to widen lending to include Turkey.