Mixed trend was again witnessed on the currency market on Saturday in process of trading, dealers said. The rupee shed five paisa against dollar for buying at 85.80 and lost four paisa for selling at 85.84, they said. At the weekend the US dollar pared ga
Mixed trend was again witnessed on the currency market on Saturday in process of trading, dealers said. The rupee shed five paisa against dollar for buying at 85.80 and lost four paisa for selling at 85.84, they said. At the weekend the US dollar pared ga
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (December 11, 2010).
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
Upward march re-emerged on the cotton market on Saturday in the process of speculative buying, dealers said. The Karachi Cotton Association (KCA) spot rate was raised by Rs 300 to Rs 9,100. Seed cotton prices in Sindh and Punjab were unchanged at Rs 4000-
Grams and makai prices were sharply lower on the grams side on the wholesales grain market on Saturday as sellers were trying to sell all unsold before the new arrivals, dealers said. On the grams side grams Australia was sharply lower by Rs 250 to Rs 510
Spot basis bids were flat for US Midwest corn and soyabeans on Friday as farmers remained on the sidelines and future for both commodities eased, grain merchants said. Farmers are content to defer sales until a new tax year unless prices rise above highs
The fast pace of West European wheat exports, partly due to Russia's pullout from the market, has emptied UK silos and put France on track for record sales, and the bullish trend should last as operators ration supplies. Euronext wheat prices surged over
The Karachi Port handled 94,592 tonnes of cargo including 69,634 tonnes of import cargo, 24,958 tonnes of export cargo, 4,094 loaded and empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 69,634 tonnes compris
Soya sowing inched forward in Argentina this week where soil moisture levels allowed, but some crops are germinating slowly in parched fields, the government said on Friday. Argentina is the world's No 3 soyabean exporter and the government has forecast 2
Indonesia, the world's largest thermal coal exporter, expects production of low-quality coal to surge in coming years, though technology constraints on turning it into high-grade fuel may limit sales, the Indonesian Coal Mining Association said on Friday.
France wants a wide international debate as it takes over the G20 presidency to drive its plans for an overhaul of the global monetary system and economic governance, Economy Minister Christine Lagarde said on Saturday. Lagarde told a meeting of some of F
South Korean government bond prices bucked earlier weakness to close firmer on Friday, supported by a late bout of foreign buying in thin trade. The market opened lower, pausing after sharp swings earlier in the week and in response to the Bank of Korea's
South Korean government bond prices bucked earlier weakness to close firmer on Friday, supported by a late bout of foreign buying in thin trade. The market opened lower, pausing after sharp swings earlier in the week and in response to the Bank of Korea's
Japanese government bonds rallied on Friday, with the benchmark yield posting its biggest one-day decline in two years, as a surge in US yields paused and allowed the market to take back ground lost after a week of heavy losses. The bounce in US Treasurie
Japanese government bonds rallied on Friday, with the benchmark yield posting its biggest one-day decline in two years, as a surge in US yields paused and allowed the market to take back ground lost after a week of heavy losses. The bounce in US Treasurie
US investors seem to have an insatiable appetite for new Chinese tech stocks, and some analysts wonder if the great tech bubble of the late 1990s is repeating itself. Online video company Youku.com Inc, sometimes referred to as the YouTube of China, sold
Toronto's main stock index closed higher on Friday after bullish economic data at home and abroad boosted confidence and lifted heavily weighted financial and resource stocks. The index's financial sector finished the day up 0.9 percent, energy was up 0.2
High-yield corporate bonds are unlikely to repeat this year's rosy performance in 2011 as inflation threats and a stronger appetite among companies to releverage pose risks to what many see as a crowded market. The typical underperformance of corporate de
High-yield corporate bonds are unlikely to repeat this year's rosy performance in 2011 as inflation threats and a stronger appetite among companies to releverage pose risks to what many see as a crowded market. The typical underperformance of corporate de
US Treasuries fell in price on Friday, capping a week of very aggressive selling, spurred by the outlook for better economic growth, leaving the downtrend of the past six weeks intact. Bond dealers also sold Treasuries to lock in yields on the corporate b
US Treasuries fell in price on Friday, capping a week of very aggressive selling, spurred by the outlook for better economic growth, leaving the downtrend of the past six weeks intact. Bond dealers also sold Treasuries to lock in yields on the corporate b
Latin American stocks dipped on Friday, hurt by expectations that China could soon move to tighten borrowing costs, even as Brazilian and Mexican indexes carved out modest gains. The MSCI Latin American stocks index dipped 0.11 percent, bringing its weekl
Ten-year Treasuries may outperform shorter-dated maturities in coming weeks, flattening parts of the yield curve, after yields on the benchmark notes jumped substantially in this week's selloff. Treasury prices fell in volatile trade across the curve afte
Ten-year Treasuries may outperform shorter-dated maturities in coming weeks, flattening parts of the yield curve, after yields on the benchmark notes jumped substantially in this week's selloff. Treasury prices fell in volatile trade across the curve afte
China's benchmark government bond yields mostly edged higher on Friday, as jitters prevailed over the central bank's next move to tighten policy and ahead of expected high November inflation figures this weekend. Traders said expectations that last month'
China's benchmark government bond yields mostly edged higher on Friday, as jitters prevailed over the central bank's next move to tighten policy and ahead of expected high November inflation figures this weekend. Traders said expectations that last month'
US stocks rose on Friday, with the S&P 500 at its highest level since the week Lehman Brothers collapsed in 2008, and breaching technical levels that suggest the year-end rally will persist. Indexes closed near session highs with the Nasdaq Composite up f
The Canadian currency eked out a small gain against the US dollar on Friday, trapped in the tightest trading range in several weeks and uninspired by firmer equity markets and data that showed the country's trade deficit shrank in October. The currency re
Currency speculators trimmed bets against the dollar for a fifth straight week and more than doubled bets against the euro, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short position edged down to $8.
The US dollar pared gains against the euro on Friday after the head of the European Central Bank said euro zone recovery was on track, but an improving economic outlook should keep the greenback firm. The euro came back after ECB President Jean-Claude Tri
The Kenyan shilling weakened against the dollar on Friday due to position squaring by interbank players ahead of a long weekend. The commercial banks quoted the shilling at 80.55/65 compared with Thursday's close of 80.50/60.
Key euro-priced bank-to-bank lending rates fell slightly on Friday, as the typically tense end-of-year deadlines approached for money markets. The three-month Euribor rate - traditionally the main gauge of unsecured interbank euro lending and a mix of int
The euro should extend losses against the dollar next week as a meeting of European Union leaders will likely heighten concerns about deepening divisions within the bloc over how to solve its debt crisis. The euro slipped toward $1.3150 on Friday and ende
China named Croatia's Miroslav Blazevic the new head coach of its Olympic soccer team on Saturday, state media reported. The Chinese Football Association (CFA) is bringing Blazevic in after the team's poor performance at the Asian Games in Guangzhou last
Pakistan Football Federation (PFF) has condoled the death of former Pakistan football team's captain Sheikh Ghulam Rabbani who died in Karachi on Saturday. Rabbani was a member of PFF Selection Committee and he also launched PIA Football team in late 60s.
Ricky Ponting may be just one Test defeat away from becoming the first Australian captain in 120 years to lose three Ashes series but he is not entertaining any retirement thoughts. Ponting, who turns 36 on December 19, has not been at the top of his form
World champion Yuka Nishida spearheaded Japan's challenge on the opening day of the Grand Slam Tokyo judo tournament on Saturday, as the host nation won four titles out of four on offer. Nishida, a surprise winner over defending champion Misato Nakamura a
Two Kansas University basketball fans paid more than $4.3 million on Friday for the faded and soiled original rules of basketball drawn up by the sport's founder, James Naismith, more than a century ago. The auction price for Naismith's "Founding Rules of
Waleed Zubair of Lahore Gymkhana emerged as the front runner by upstaging the overnight leaders Wasim, Hamza and Omer Salamat at the end of the second round in the 54 holes three days 27th Millat Governors Cup Golf Championship in progress at the Lahore G
Mobilink, Pakistan's largest cellular network and part of Orascom Telecom Holding organised the 4th Indigo Invitational Golf Tournament-2010 at the Karsaz Golf Club, Karachi. For the past three years, the 18-hole tournament has consistently attracted golf
Around 250 people were injured in Amman on Friday in clashes between fans after Jordan's largest Palestinian soccer team beat a rival local team, hospital staff said. Matches between the rival teams have a long history of violence, mirroring the divisions
Manchester City moved up to second place in the Premier League standings Saturday with a 3-1 win at relegation-threatened West Ham to put them level on points with leaders Arsenal. Strikes from Yaya Toure, Adam Johnson and a Robert Green own goal secured
Chinese inflation soared past forecasts to a 28-month high in November and showed signs of spreading beyond food prices, putting pressure on the government to ratchet up its monetary tightening. A day before the data, China's central bank raised lenders'
US authorities shut down two banks on Friday, bringing the number of closures this year to 151, as smaller financial institutions continue to struggle with depressed real estate markets and a lack of job growth in the economy.
The California-based gas-detection device maker RAE Systems Inc agreed to pay a 1.7 million dollar fine for making "improper payments" to Chinese officials, the Justice Department said Friday. The payments were made to "foreign officials in the PRC (Repub
Portugal's economic problems can be resolved without seeking help from the International Monetary Fund, Prime Minister Jose Socrates was quoted as saying on Saturday by the daily Diario de Noticias. "We don't have any problem that requires that we turn to
The leaders of economic powerhouses Germany and India said Saturday they were confident they could boost bilateral trade by some seven billion euros (nine billion dollars) in the next two years. Speaking before a meeting in Berlin, German Chancellor Angel
Poland reached an agreement with the European Union aimed at loosening public finance rules in order to take into account costs of pension reform, Poland's Finance Ministry said on Friday. The Finance Ministry's press office added that details of the deal
Bolivia enacted a law Friday lowering the country's retirement age to 58, bucking a global trend in which countries push people to work longer to counteract the burden on national treasuries of rising life expectancy.
Mining giant BHP Billiton lobbied the Australian government hard to bring down a proposed 19.5 billion US dollar deal between its rival Rio Tinto and China's Chinalco, a leaked US cable shows. Spokesmen for BHP and Rio Tinto refused to comment on the US d
US officials detailed declining conditions in Venezuela's oil industry in memos released by WikiLeaks, saying the country's growing economic problems are taking a toll on President Hugo Chavez's popularity. In one confidential document dated October 15, 2
Areva's supervisory board approved a 900 million euro ($1.19 billion) capital increase that will see Kuwait taking a near 5 percent stake in the state-owned French nuclear reactor maker. Saturday's decision concluded months of talks plagued by political a
Airbus parent EADS threw its backing behind Airbus sales chief John Leahy and other current or former executives caught up in a long-running insider trading investigation, saying it was sure they would be cleared. Leahy and a total of six others have been
US President Barack Obama on Friday called on a battle-scarred dealmaker, former President Bill Clinton, to help convince reluctant Democrats to back a compromise tax plan before rates rise for most Americans in January. As Democrats in the House of Repre
The US Navy announced a successful test Friday of an electromagnetic cannon capable of firing a projectile 110 nautical miles (200 kilometres) at five times the speed of sound. "This demonstration moves us one day closer to getting this advanced capabilit
Facebook is challenging software hotshots around the world to show their mettle in the online social networking king's first "Hackers Cup." Facebook is taking its tradition of all-night "hackathons" to a higher level with an international coding competiti
Russian Prime Minister Vladimir Putin, known for his off-colour jokes and macho posturing, took on a different role on Friday night by singing "Blueberry Hill" at a children's charity event. "Like an overwhelming majority of people, I can neither sing nor
Two explosions shook central Stockholm on Saturday, killing one person and injuring two, rescue officials said. Police spokeswoman Petra Sjolander said a car exploded near Drottninggatan, a busy shopping street in the center of the city. Shortly afterward
US Treasury Secretary Timothy Geithner was sent home on Friday night after successful treatment at a Washington hospital for a kidney stone, a Treasury spokesman said on Saturday. The spokesman said Geithner was sent home ahead of schedule, was feeling mu