The rupee managed to hold its overnight level against the dollar at the weekend for buying and selling at 82.57 and 82.62, dealers said. The commercial centres reopened on Saturday after observing one-day holiday on account of Independence Day, they said.
The rupee managed to hold its overnight level against the dollar at the weekend for buying and selling at 82.57 and 82.62, dealers said. The commercial centres reopened on Saturday after observing one-day holiday on account of Independence Day, they 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
Bangladesh's state-run National Board of Revenue (NBR) has withdrawn its import duty on raw sugar to keep prices stable during the Muslim fasting month of Ramadan, a senior official said on Saturday. The government also reduced its duty on imported refine
Slight rise was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December vaida commenced with a gain of 10 paisa at R 897.30 and the January contract also rose by 10 paisa at Rs 938.90, they said.
Prices fell on the cotton market on Saturday as the mills were not interested in finalising the deals at the higher rates, dealers said. After a gap of one-day the official spot rate continuously lowered by Rs 50 to Rs 3475, they said. In the ready busine
Prices fell modestly on the wholesale grain and seed market on Saturday in an effort to bring down prices by the government, dealers said. On the cereal side makai was down by Rs 100 to Rs 1375-1400 in process of slow trading, sugar lost Rs 150 to Rs 4900
Wheat prices on major west European markets slipped on Friday, pressured by abundant harvests and a sharp fall in UNbeans in Chicago, traders said. Milling wheat futures in Paris were lower in afternoon trade. However, Euronext continued to consolidate in
Iraq's Umm Qasr port has received five ships carrying a total of 160,000 tonnes of US rice in the past week, an official from the Iraqi Grain Board said on Saturday. Another three vessels carrying 150,000 tonnes of Australian and Canadian wheat were waiti
The Karachi Port handled 178,610 tonnes of cargo including 100,705 tonnes import and 77,905 tonnes export cargo including 2,063 empty and loaded containers during last 48 hours ending at 0700 hours on Saturday. The cargo comprised of 162,665 tonnes dry ca
Basis bids for hard red winter wheat in the US Plains were unchanged Friday with merchants describing a mostly quiet market. Farmer sales were largely non-existent as wheat prices continued to fall. On Thursday, the Kansas City Board of Trade September wh
US wheat futures ended firm on short-covering, tied to position-squaring, before the weekend. CBOT September up 1/4 cent per bushel at $4.81-3/4. Funds bought 500 lots. Russian 2009 wheat crop seen 56.5-59.0 million tonnes, down from last year's record 63
The Philippines and Thailand will soon sign an agreement that will see Bangkok giving priority to Manila in the sale of Thai rice, a spokesman for President Gloria Macapagal Arroyo said on Friday. Thailand, the world's largest rice exporter, is under pres
Angola's coffee production will soar to 17,000 tonnes this year, from 12,000 tonnes in 2008, on the back of rising coffee prices and local demand for coffee, the head of the nation's Coffee Institute said on Friday. Joao Neto said the government plans to
US copper futures extended a profit-taking retreat from fresh 10-1/2 month highs Friday morning, after data showing a drop in US consumer confidence reinforced concerns about the pace of economic recovery. Copper for September delivery slipped 6.00 cents,
Gold futures ended lower on Friday, falling below $950 an ounce as the dollar rose and oil tumbled amid lacklustre US consumer confidence data, which dampened gold's appeal as a hedge against inflation. December gold settled down $7.80 at $948.70 an ounce
Norway's $397 billion sovereign wealth fund said on Friday it now owns 1 percent of the world's stocks and signalled the end of its emerging markets asset ramp up after posting its best ever quarterly results for April-June. Buoyed by a broad financial ma
Arabica coffee futures settled at a two-week low Friday, sinking on long liquidation, pressure from the weak September/December spread and options-related dealings, traders said. The December coffee contract sank 3.70 cents or 2.7 percent to close at $1.3
Raw sugar futures closed lower Friday as the market extended a correction after rumbling to a 28-1/2 year peak, but bullish fundamentals kept the market's longer-term outlook positive, analysts said. The key October raw sugar contract fell 0.23 cent to en
Farm gate cocoa prices in Cameroon, the world's fifth biggest producer, hit their highest level in five years at the start of the 2009/10 (August-July) season, farmers and traders said on Friday. Prices were between 1,020-1,050 CFA francs per kg, up aroun
US soyabean futures closed sharply lower on Friday, led down by plunging spot August amid deliveries of 227 lots on that contract. August expired down 87-1/4 cents per bushel at $11.00 per bushel. New-crop November down 37-1/4 cents at $9.81-1/2. Funds so
US rice futures closed nearly flat on Friday in choppy light trade ahead of the weekend. CBOT September unchanged at $13.30 per cwt. Philippines, Thailand to sign rice supply deal.
Importing sugar into the United States would not be cost effective because there is now little difference between the world price and the price in the US domestic market, industry officials said Wednesday. US food companies are clamouring for more sugar i
Commodity prices traded mixed last week amid caution over future demand for raw materials despite positive economic data from the United States and Europe, where recession ended for some countries. Sugar prices reached a 28-year peak, however, pushed high
Switzerland's unemployment rate is likely to exceed 5 percent as the impact of the global crisis on the economy intensifies, a senior Swiss Employers Confederation official was quoted as saying on Saturday. "The dramatic slump on world markets will contin
A consortium dominated by Swedish owners plans to bid for Ford Motor Co's Volvo car unit, a Swedish business daily reported on Saturday without disclosing its sources. Dagens Industri said the group, Konsortium Jakob AB, had intensified efforts recently t
Colonial became the largest US bank to fail this year after it was declared bankrupt and had the bulk of its assets taken over by rival BB&T, the government banking insurer said Friday. All of Alabama-based Colonial's 346 branches will reopen Saturday "an
President Barack Obama said on Saturday US healthcare worked better for insurance companies than for patients, as he pressed his case for a major overhaul that critics say is too expensive. Obama, who is in the middle of a multi-state tour to promote his
Hollywood scored a win with the World Trade Organisation as it seeks inroads into China, but rampant piracy in the market means the WTO ruling is just a first step in a long slog for the US entertainment industry. The WTO said China broke international tr
Competition in commercial real estate lending is re-emerging on the US west coast, possibly marking an early sign that the financing drought that has wreaked havoc with the sector is easing, Citigroup Inc analysts said on Friday. The lack of financing has
The number of US hotel projects in development fell 26 percent in July, another illustration of how the financial woes of the industry have curbed growth, Smith Travel Research data showed this week. "That is a drop that we haven't seen since we started t
Islamic lender Kuwait Finance House (KFH) is tying up with United States apartment building owner UDR Inc to buy high income property in the United States to tap lower asset prices. "The joint venture will seek to acquire high income residential real esta
Banks that have benefited from taxpayers' money should be prevented from paying out large bonuses, opposition Conservative finance minister George Osbourne said in an interview in Saturday's Guardian newspaper. "It is totally unacceptable for bank bonuses
China and the Association of South East Asian Nations (Asean) took a major step on Saturday to broaden economic co-operation by signing an agreement to promote investment. The investment pact is the third free-trade agreement concluded between China and t
Germany's economy should contract less than the government's estimate of six percent in 2009 after upbeat data for the second quarter, an expert has told Der Spiegel weekly. A 5.5 percent contraction is more likely after second-quarter figures released th
Billionaire investor and philanthropist George Soros' Soros Fund Management reported holdings of $4.2 billion at the end of the second quarter after cutting its stake in a number of retailers. The New York-based fund firm cut its stakes in retailer Wal-Ma
Returning to a high growth rate is the greatest challenge facing India, with a weak monsoon making the task harder, but the economy may improve by year-end, Prime Minister Manmohan Singh said in his Independence Day speech. India's economy is likely to gr
Indian federal bond yields rose on Friday after the cut-off yield at a $2.5 billion sale was set higher than expected and a seven-year paper devolved on primary dealers, indicating waning investor appetite. The 10-year benchmark bond yield ended at the da
Indian federal bond yields rose on Friday after the cut-off yield at a $2.5 billion sale was set higher than expected and a seven-year paper devolved on primary dealers, indicating waning investor appetite. The 10-year benchmark bond yield ended at the da
Argentina's stock, currency and bond market trends on Friday. MerVal stocks index fell 1.89 percent to 1,761.61 in line with falls on Wall Street as weak consumer sentiment data fuelled concern over the strength of an economic recovery. Market heavyweight
Chilean stocks rebounded in late trading to close flat on Friday, erasing early losses despite weak US economic data and lacklustre local corporate results. While the peso tumbled to near two-month lows, traders said. Chile's blue chip IPSA index closed u
US corporate bond spreads were unchanged on Friday as a rally lost steam and a weak session in stocks added to negative sentiment, traders said. The main index of investment-grade credit default swaps widened by about 2 basis points to 117 basis points, a
US corporate bond spreads were unchanged on Friday as a rally lost steam and a weak session in stocks added to negative sentiment, traders said. The main index of investment-grade credit default swaps widened by about 2 basis points to 117 basis points, a
Investors lured by healthier stock markets and private equity firms eager to unload stakes in their portfolio companies are setting the stage for the return of billion-dollar-sized initial public offerings to the United States. The size of several recent
Canadian bond prices were higher across the curve on Friday, following the US Treasury market as the poor consumer confidence data convinced investors to exit equities and seek the relative safety of government bonds. Gains began early after the mild US c
Canadian bond prices were higher across the curve on Friday, following the US Treasury market as the poor consumer confidence data convinced investors to exit equities and seek the relative safety of government bonds. Gains began early after the mild US c
South Korean government bond prices reversed an earlier rebound on Friday as investors favoured shares after quickly digesting weak US data and instead betting on more signs of economic recovery in coming weeks. Short-end notes fell further, prompting a f
South Korean government bond prices reversed an earlier rebound on Friday as investors favoured shares after quickly digesting weak US data and instead betting on more signs of economic recovery in coming weeks. Short-end notes fell further, prompting a f
US Treasury debt prices rose on Friday, giving benchmark securities their best week this year, after tame US inflation data and a report showing consumers grew more cautious in August prompted investors to buy safe-haven bonds. Two-year Treasury notes pro
US Treasury debt prices rose on Friday, giving benchmark securities their best week this year, after tame US inflation data and a report showing consumers grew more cautious in August prompted investors to buy safe-haven bonds. Two-year Treasury notes pro
Mexico's stocks dropped on Friday and the peso was little changed after data showed US consumer confidence fell in early August, suggesting Mexican exports may face a rocky road to recovery. Mexico sends around 80 percent of exports to its northern neighb
Prime Minister Syed Yousuf Raza Gilani said, in short term the government was focusing to meet the immediate power requirements of the country, but medium and long term power planning included the development of indigenous resources, including vast hydrop
Brazilian stocks closed down on Friday but off the day's lows as weak US data fuelled worries about the global economy and dented appetite for riskier emerging market assets. The benchmark Bovespa index fell 0.72 percent to 56,638 after closing at its hig
Prime Minister Syed Yousuf Raza Gilani said, in short term the government was focusing to meet the immediate power requirements of the country, but medium and long term power planning included the development of indigenous resources, including vast hydrop
US stocks fell broadly on Friday, as the major indexes snapped a four-week streak of gains after weak consumer sentiment data fuelled concerns about the strength of an economic recovery. Data from the Reuters/University of Michigan Surveys of Consumers sh
The government has decided to impose nominal levy on Ethanol fuel, a by-product of molasses, to promote alternative energy sources. This was stated by Naveed Qamar, the federal minister for privatisation, petroleum and natural resources, at the launching
US Treasuries could continue rallying next week as the torrent of government bond issuance pauses and investors take a reality check on hopes for an economic rebound, analysts said. Traders will also scour for more clues on how the Federal Reserve can eve
Prime Minister Syed Yousuf Raza Gilani said, in short term the government was focusing to meet the immediate power requirements of the country, but medium and long term power planning included the development of indigenous resources, including vast hydrop
US Treasuries could continue rallying next week as the torrent of government bond issuance pauses and investors take a reality check on hopes for an economic rebound, analysts said. Traders will also scour for more clues on how the Federal Reserve can eve
US special envoy Richard Holbrooke arrived in Islamabad on Saturday night for talks with top Pakistani leaders on a range of economic and security issues, officials said. This is Holbrooke's second visit to Pakistan in less than a month. His earlier visit
Toronto's main stock index ended slightly higher on Friday as an end-of-session rally in financial shares outweighed weakness in commodity stocks, which were under pressure after a US consumer confidence report raised doubts about economic recovery.