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
Spain's Agriculture Ministry has raised its forecasts for the winter cereals harvest to 18.95 million tonnes from the previous 15.81 million, following heavy rain in late spring. That would be just 3.5 percent below the bumper winter grain harvest - mainl
Trading activity showed further improvement as higher dollar rate diverted the exporters to buy phutti on the cotton market on Saturday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3650, dealers said.
Firmness prevailed on the grain market on Saturday as most of the commodity items held the overnight levels in process of subdued trading, dealers said. The feature of the week was that wheat prices were not quoted but dealers expect that prices may show
Rains forecast to fall in the next two weeks could speed up wheat sowing in key areas of Argentina, where the 2008/09 campaign has been delayed by dryness, the Buenos Aires Grains Exchange said on Friday. The world's No 4 wheat supplier, Argentina produce
Indonesia, the world's number two tin producer, exported an estimated 5,461 tonnes of refined tin in June, a drop of nearly 50 percent from a year ago when it exported 10,684 tonnes, trade ministry data showed on Friday. The country exported 7,150 tonnes
Argentine soya's closing prices and trends on Friday. In the main grains port of Rosario, soya closed between 900 and 905 pesos ($294/$296), little changed from Thursday's close of 908.5 pesos. There was virtually no trade, falling from 20,000 tonnes in t
The Karachi Port handled 161,528 tonnes of cargo including 117,606 tonnes of import, 43,922 tonnes of export cargo and 4,813 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Saturday.
Iran's inflation rate, which has provoked intense criticism of the government, topped 26 percent in June, according to a central bank statement published in the press on Saturday. "During the Iranian month of Kordad (to June 20) inflation reached 26.4 per
German Chancellor Angela Merkel said the G8 group of top industrialised nations at next week's summit will take measures to fight the soaring price of food, in an interview with a German newspaper.
Tianjin, a port city just east of Beijing, has ordered 40 factories to shut for the Olympics, the latest dramatic step taken by China to ensure that pollution does not spoil the Games in August. The factories, including two cement makers, will be closed f
Poverty-ridden countries reaping the benefits of soaring oil and commodity prices should be investing their wealth at home, not putting it in sovereign funds, a senior United Nations official says.
Tens of thousands of South Koreans marched through the streets here Saturday demanding the scrapping of US beef imports and the resignation of President Lee Myung-Bak, witnesses said.
US President George W. Bush leaves Saturday for Japan, looking to ease worries there about his North Korea policies and push rich nations to do more to help Africa battle hunger and deadly diseases.
India's Multi-Commodity Exchange (MCX) will launch aviation turbine fuel futures from July 7, the bourse said in a press statement on Saturday. Contracts for July, August, September, October, November and December contracts will begin trading on the excha
British Prime Minister Gordon Brown has warned the G8 against a retreat into isolationism, saying the looming threat to the global economy instead required a speeding up of the fight against climate change and poverty.
Support was collapsing for Peru's nationwide mining strike on Friday as employees at several big mines returned to work, against the wishes of labour federation leaders who vowed the walkout would continue. At a time when metals prices are sky-high, Peru'
The European Union should free itself from its dependence on Russian gas by developing renewable and nuclear energy, the former head of the International Energy Agency told EU ministers Saturday. "We need to give ourselves a flexibility that we are missin
The Mumbai Customs department has lodged a claim for additional import duties on two aircraft owned by Mukesh Ambani's Reliance group, including on the Airbus he gave his wife for her birthday, Indian media said on Saturday.
Kawasaki Heavy Industries decided to cancel its plan to spend 10 billion yen ($94 million) to build a new industrial robot plant as auto and microchip makers curb capital investments, the Nikkei business daily said.
Two of China's top economic officials separately visited parts of the country hit by weakening exports and promised to foster better business conditions, state media reported on Saturday.
While gold has a shot at retesting $1,000 an ounce after this week's resurgence, will the latest rally have room to go further? Technical analysts say yes, but the rise may not be a one-way street.
Japan's Ministry of Agriculture seeks to buy a total 128,000 tonnes of food wheat in a regular tender that closes on July 9, a ministry official said on Friday. Of that amount, two shipments of a total 46,000 tonnes of Australian standard white are due in
The French barley, durum and rapeseed harvests are under way, with first tests showing a weak protein level for barley, raising concern for the wheat crop that is only starting to be harvested, traders said on Friday.
Indonesian coffee exporters offered a higher discount this week to lure buyers amid rising supplies as the main harvest was well under way, dealers said on Friday. Indonesian exporters offered $170-$210 a tonne under the September contract on London robus
The Australian wool market finished 0.5 percent lower, on average, at sales in Sydney, Melbourne and Fremantle this week in the first sale of the 2008/09 season. The AWEX EMI was unchanged, ending the week at 874 Australian cents a kg. This reflected a ri
Brazil exported 1.56 million 60-kg bags of green coffee in June, down 13.6 percent from 1.81 million bags in the same month a year ago, the Council of Green Coffee Exporters (Cecafe) said on Friday.
Asia-Pacific crude fell on Friday, with Indian Oil Corp (IOC) shunning regional grades in its first tender for September barrels, compared with a month ago when it bought Malaysian Kikeh in its first tender for August.
Asia's gas oil premium against Dubai crude weakened on Friday, dampened by rising supply from South Korean and Taiwanese refiners at a time of softer demand. In the Singapore market, Hin Leong bought 150,000 barrels of 0.5 percent gas oil from SPC at $180
Cocoa arrivals at Ivory Coast's ports in the week of June 23-29 slipped to 18,828 tonnes from 21,112 tonnes in the previous week, exporters said on Friday, but they reported better quality beans from the waning mid-crop.
Asian naphtha's premium against Brent crude remained little changed from the previous session, pressured by more arbitrage volumes expected in the region. Benchmark open-spec naphtha contracts for second-half August gained to $1,253.00 a tonne, up from $1
China, despite years of bumper harvests, is unlikely to produce enough grain this year to meet consumption and the deficit will be covered by its reserves, a senior grain official was quoted as saying.
The price of oil set a record high above 146 dollars a barrel this week owing to falling reserves of US crude, simmering tensions over Iran and a weak dollar, traders said.
Argentine stocks inched higher in light trade on Friday on selective buying in Buenos Aires-listed shares of Brazilian state-run energy company Petrobras and leading bank Banco Patagonia. The benchmark MerVal stock index rose 0.4 percent to close at 2,006
US corporate bonds eased on Thursday ahead of the Independence Day long weekend as the battered auto sector continued to weigh on the market. While the closely-watched US payrolls data for June was not as weak as some feared, worries about more write-down
US corporate bonds eased on Thursday ahead of the Independence Day long weekend as the battered auto sector continued to weigh on the market. While the closely-watched US payrolls data for June was not as weak as some feared, worries about more write-down
Emerging sovereign debt prices were mixed on Thursday after weak US economic data suggested the US Federal Reserve is not in a position to raise interest rates, but also reinforced fears about the impact of a possible US recession in developing countries.
Emerging sovereign debt prices were mixed on Thursday after weak US economic data suggested the US Federal Reserve is not in a position to raise interest rates, but also reinforced fears about the impact of a possible US recession in developing countries.
Chilean stock indexes nosed up in lethargic trade on Friday, while the peso edged lower against the dollar as oil prices remained near record highs and the central bank continued buying greenbacks.
Mexican stocks fell on Friday as steadying oil prices failed to abate concerns that more costly fuel could hobble the economy in the United States, Mexico's main trading partner. The benchmark IPC stock index closed 0.45 percent lower at 28,338.12 points,
Nigeria's stock market is ripe for investment after a correction this year and could one day overtake Johannesburg as sub-Saharan Africa's biggest exchange, a leading Nigerian banker said on Friday.
After underperforming US Treasuries all week, Canadian bonds managed to make up some ground with the US Treasury market closed on Friday and dealers still believing the US Federal Reserve is not set to raise interest rates.
After underperforming US Treasuries all week, Canadian bonds managed to make up some ground with the US Treasury market closed on Friday and dealers still believing the US Federal Reserve is not set to raise interest rates.
Liquidnet Holdings Inc hopes its position in the equities trading world will inure its initial public offering from the down drafts investors have shown new offerings.
Japanese government bonds pushed higher on Friday, with investors relieved after the European Central Bank failed to signal any further tightening of monetary policy and a 10-year bond auction the previous day went better than expected.
Japanese government bonds pushed higher on Friday, with investors relieved after the European Central Bank failed to signal any further tightening of monetary policy and a 10-year bond auction the previous day went better than expected.
Brazilian stocks crept higher on Friday, after its worst week in nearly a year, in a session low in liquidity due to US Independence Day holiday, while the national currency also firmed.
The volume of Greek government debt traded on the central bank's electronic system (HDAT) dropped to 26.7 billion euros in June from 30.2 billion in May, the Bank of Greece said on Friday. Daily average turnover in June eased to 1.3 million euros from 1.4
The volume of Greek government debt traded on the central bank's electronic system (HDAT) dropped to 26.7 billion euros in June from 30.2 billion in May, the Bank of Greece said on Friday. Daily average turnover in June eased to 1.3 million euros from 1.4
Shares in ChinaShanshui Cement Group, the country's second-largest cement producer, rose 7 percent on their debut on Friday after the firm raised $234 million in a Hong Kong initial public offering.
Shares in ChinaShanshui Cement Group, the country's second-largest cement producer, rose 7 percent on their debut on Friday after the firm raised $234 million in a Hong Kong initial public offering.
The Toronto Stock Exchange's main index retreated on Friday as softer commodity prices pulled down energy and materials issues, while telecoms giant BCE provided an upward push. With US markets closed, many Toronto traders started their weekend early, lea
Chile's peso edged lower in slow trade on Friday as crude oil's price remained near record highs, while stock indexes dipped into negative territory with trade volumes cut by the US Independence day holiday. The peso slipped 0.35 percent to close at 511.0
The Canadian dollar limped to a lower close versus the US dollar on Friday and capped off its first losing week in three after a thin, quiet session in which moves were amplified because US markets were closed for Independence Day.
The dollar may build on its gains next week now that the latest US jobs data has failed to confirm the market's worst fears, keeping alive the prospect of higher US interest rates before the year is out.
The Kenya shilling strengthened against the dollar on muted demand on Friday after a season of weakening and dealers said the local unit would firm further in coming days. The commercial banks quoted the local unit at 65.40/50 to the greenback, compared w
The South Korean won slid 0.5 percent versus the dollar on Friday as inflation worries from higher oil prices hit local shares and as monetary authorities held the sidelines after Wednesday's reported dollar sales.
The Taiwan dollar weakened on Friday in thin trade as the US currency rebounded globally, local stocks fell and many investors held back, waiting for fresh economic news. The Taiwan currency closed at T$30.401 against the US dollar, compared with the prev
Cricket officials who hoped this week might end with one sort of resignation from the International Cricket Council (ICC) had to cope with another as Michael Holding quit its cricket committee. The West Indies great stepped down in protest at the ICC's de
Sri Lanka's wicket-keeper batsman Kumar Sangakkara Saturday said Asia leads international cricket as the financial hub and custodian of the game which has pioneered unprecedented globalisation.
As badly as Australia want to complete a clean sweep of their five-match One-day International series, West Indies' want to avoid the ignominy when the two sides square-off for the final match on Sunday.
Sri Lanka will look to their new spinning sensation Ajantha Mendis to defend their Asia Cup title against batting juggernauts India when the two teams meet in the final here on Sunday.
Venus Williams survived a fierce onslaught from Serena Williams to win her fifth Wimbledon singles title on Saturday, finally subduing her younger sister 7-5 6-4. Venus fought back from a break down in both sets to trump her sister in high-quality contest
South African President Thabo Mbeki met Zimbabwean President Robert Mugabe on Saturday to try to help end a political crisis, his spokesman said. The main opposition Movement for Democratic Change (MDC) party said its leader Morgan Tsvangirai had declined
Four out of 21 prominent Turks detained under a police investigation into coup allegations have been formally arrested and two senior former generals have been taken to court, Turkish media said on Saturday. The chairman of Ankara's Chamber of Commerce Si
France's bid, backed by famous chefs, to have its cuisine added to UNESCO's list of world cultural treasures is likely to flop, a representative from the UN body said Saturday. "There is no category at UNESCO for gastronomy," said Cherif Khaznadar, presid
A film secretly taken by a Zimbabwe prison guard and smuggled out of the country shows the extent of the rigging that took place for the June 27 presidential run-off vote, the Guardian said on Saturday. The film taken by Shepherd Yuda using a camera suppl
Troops pulled back from the streets of the Mongolian capital on Saturday and political leaders called for calm ahead of the lifting of emergency rule that was declared after rioting over alleged election fraud.
Colombia showed a video on Friday of the rescue of Ingrid Betancourt and 14 other hostages where their anger turned to ecstasy as theater-trained military agents duped and overpowered leftist rebels.
A man tore the head from a controversial waxwork figure of Adolf Hitler on the opening day of Berlin's Madame Tussauds museum on Saturday, police said. Just minutes after the museum opened, the 41-year-old German man pushed aside two security men guarding
Iran vowed on Saturday to pursue its uranium enrichment programme, a day after delivering its response to an incentives package by world powers trying to curb its nuclear ambitions. No details were released of Iran's formal reply on Friday - submitted to
Islamabad Capital Territory (ICT) administration has constituted special rescue teams to assist the inhabitants of low lying areas and ensure foolproof protective arrangements for them amid heavy monsoon rain.
The Sindh Institute of Urology and Transplantation (SIUT) has arranged a concluding ceremony of its 13th student voluntary programme on Saturday. On the occasion, Dr Adib-ul-Hasan Rizvi awarded certificates to the students, on the completion of 30 hours v
Sindh Chief Minister Syed Qaim Ali Shah said on Saturday that any effort aimed at dividing Pakistan People's Party would fail. "This is nothing new. Certain elements have been trying since long and have failed," he said while talking to newsmen here after
Sindh Law Minister Ayaz Soomro has said that a Sindh Land Commission will be formed against those having wrong claims on government lands and illegal occupiers so that gold-like lands of Sindh could be saved and the irregularities being committed in this
A delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), under the leadership of Tanvir Ahmed Sheikh, President of FPCCI, is in Malaysia to explore new avenues of trade, investment, joint ventures and services with the help of
Interior Ministry has directed Sindh Rangers to assist the Police in maintaining peace on main highways and take active part with police in flushing out the dacoits and criminal elements in a grand operation along the main highways and the Katcha areas if
Two years after the worst oil spill in the east Mediterranean left thousands of tonnes of crude over three-quarters of Lebanon's coast, the beaches are almost clean but the troubles continue.