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
Indonesia's refined tin exports fell 9.2 percent in December 2010 from the same month in 2009 while the full-year exports in 2010 fell nearly 7 percent as an unusually long rainy season curbed mining, trade ministry data showed on Monday.
Contracts were down on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The January vaida that had closed with a loss of Rs 2.10 at Rs 1250.10 opened with fall of 30 paisa to Rs 1249.80. The March vaida which ended at R
Cautious mills buying was seen on the cotton market on Monday as buyers adopted wait-and-see attitude ahead of Indian next cotton strategy, expected on Tuesday, dealers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs 9800, they sa
Slow business was seen on the wholesales grain and seed market on Monday as buyers were on the sidelines due to higher prices, dealers said. On the rice sector Irri-6 low type shed Rs 30 to Rs 3370 and fine quality lost Rs 25 to Rs 3400, other items maint
The Karachi Port handled 298,491 tonnes of cargo including 213,339 tonnes of import cargo, 85,152 tonnes of export cargo, 6,053 loaded and empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 213,339 tonnes compri
China's copper imports inched down 2 percent on the month in December but the inflow in 2010 managed to reach a new record high, a feat that may be repeated in 2011, market watchers said. Analysts believe imports would go up this year as demand rises and
Vietnam has raised the minimum price for a rice export grade often bought by the Philippines, its top buyer, following the extension of a government-to-government pact covering supply of the grain. In December the Philippines extended to 2013 an agreement
Cambodian Prime Minister Hun Sen said on Monday that Bangladesh had offered to buy 200,000 tonnes of rice a year and that talks were resuming on exporting grain to Guinea. Speaking at a university graduation ceremony in the capital, Phnom Penh, Hun Sen sa
Bulog, Indonesia's state procurement agency, is to hold a rice tender on January 11 to seek a minimum 170,000 tonnes of Thai rice for delivery in January-March, traders said on Monday. The government has allowed Bulog to import rice this year to shore up
US corn futures rose on Monday ahead of a US Department of Agriculture (USDA) report due on Wednesday expected to show downward revisions in US stock piles and lower global production estimates. "The main themes this week are obviously going to centre aro
Central bankers stressed Monday that fiscal soundness was key to maintaining a healthy global economy, European Central Bank chief Jean-Claude Trichet said after a meeting at the BIS. "It was (the) absolutely clear understanding by all of us that fiscal s
Swiss banking giant Credit Suisse said Monday it would toughen the rules and defer more payments of bonuses, in a move that comes on the heels of plans by regulators to clamp down on the rewards. The global financial crisis was in part blamed by some regu
French President Nicolas Sarkozy takes his campaign for greater global food price and currency stability to Washington this week when he seeks Barack Obama's support for France's goals as head of the Group of 20 powers. Soaring food prices and riots in Al
Chinese oil giant PetroChina agreed on Monday to buy into two refineries in France and Scotland of British firm INEOS, expanding its global refining foothold as China caps domestic fuel prices to tame inflation. "The proposal is consistent with our strate
The North American International Auto Show opened on Monday with fresh signs the comeback by US carmakers is gaining traction. In the first big event of the show, the Chevy Volt, the centerpiece of General Motors' return from bankruptcy and already the wi
Police fired tear gas and baton-charged thousands of investors in the Bangladeshi capital Dhaka on Monday as crowds vented their fury after the stock market tumbled nine percent in an hour. Trading on the Dhaka Stock Exchange (DSE) was halted when stocks
Auto sales in China rose more than 32 percent in 2010 to 18.06 million units, an industry group said Monday - a new record for the world's largest car market. Sales in December rose 17.9 percent from a year earlier to 1.67 million units, the China Associa
Britain and China signed trade deals worth 2.6 billion pounds (four billion dollars, 3.1 billion euros) on Monday and announced Beijing will loan a pair of pandas to a zoo in Scotland for 10 years. The deals were signed during talks in London between Chin
China's global trade surplus narrowed in 2010 for the second straight year, giving Beijing grounds to rebuff US pressure for faster currency appreciation ahead of a visit to Washington next week by President Hu Jintao. The Chinese government can point to
Germany's second-biggest lender Commerzbank swept aside fears it might record an operating loss for the fourth quarter, telling Reuters on Monday it would record a profit for the period. "As of today I have indications that the group's fourth quarter oper
Germany's second-biggest lender Commerzbank swept aside fears it might record an operating loss for the fourth quarter, telling Reuters on Monday it would record a profit for the period. "As of today I have indications that the group's fourth quarter oper
The man who created the biggest pyramid scheme in Russia's history announced Monday that he was making a comeback with a new investment vehicle that brings in monthly returns of 20 to 30 percent. Sergei Mavrodi said in a message on his website that he was
The European Central Bank threw Portugal a temporary lifeline on Monday by buying up its bonds, traders said, as market and peer pressure mounted for Lisbon to seek an international bailout soon. A senior eurozone source said on Sunday that Germany, Franc
Seoul shares ended lower on Monday as banks and technology issues including KB Financial Group Inc and Hynix Semiconductor Inc weighed, with lacklustre US jobs data denting investor sentiment. The Korea Composite Stock Price Index (KOSPI) finished down 0.
Most Gulf markets retreated on Monday, led by Saudi Arabia's bourse, after petrochemical stocks fell on profit-taking. Saudi Basic Industries Corp fell 0.9 percent and Saudi International Petrochemical Co) lost 1.1 percent, dragging the index 0.8 percent
Southeast Asian stock markets fell sharply on Monday as foreign investors took profits and bailed from the region on fears that policymakers may not be able to catch up easily with rising inflation. The region was home to emerging Asia's best performing s
US stocks lost ground on Monday, with the Dow and S&P 500 heading for a third straight session of losses, as a once-buoyant market sagged at the start of the earnings season. The eurozone debt crisis weighed on Wall Street sentiment, stealing the spotligh
Taiwan stocks rose 0.4 percent on Monday, with financial shares higher as the sector rebounded from a correction last week and received support from a view that interest rates would continue to rise. TSMC, the world's top contract chip maker, climbed 2.34
European shares fell sharply on Monday, giving back some of last week's gains, as worries about the eurozone debt crisis once again took centre stage ahead of debt auctions this week. The pan-European FTSE-urofirst 300 index of top shares fell 1 percent t
Hong Kong and China stocks retreated on Monday as property and banking issues fell on a report that the south-western Chinese city of Chongqing may impose a property tax in the current quarter. The benchmark Hang Seng Index closed 0.97 percent or 159.37 p
Indian shares tumbled 2.4 percent to six-week closing lows on Monday, led by financials, on rate increase jitters and fund inflow slow down fears, with quarterly earnings which begin this week eyed for more cues. The benchmark index fell for the fifth str
Australian shares rose 0.2 percent on Monday, reversing early weakness as retailers rallied on a modest rebound in monthly retail sales, and investor confidence was boosted by better-than-expected Chinese imports in December. Chinese imports of Australian
Britain's top share index closed lower on Monday hurt by banks, on renewed jitters over the eurozone sovereign debt crisis, and miners dented by weaker metals prices and concerns over the impact of floods in Australia. But Smith & Nephew, Europe's largest
A key measure of eurozone money market stress rose to its highest in almost a week on Monday on concerns about the ability of the region's weakling states to raise funds at sustainable levels from capital markets. The premium that London interbank offered
Sterling hit its highest level against the euro in nearly four months on Monday as the single currency was stung by increasing concerns about sovereign debt problems in the eurozone. But despite slight gains against the euro, the pound slipped against the
The euro touched four-month lows against the dollar on Monday as stops were triggered amid mounting worries about Europe's debt crisis, after a source said Portugal was under growing pressure to accept EU/IMF aid. The single currency fell to lows not seen
The euro reversed losses on Monday that had driven it to a four-month low against the dollar, though gains were expected to be short-lived amid worries about the ability of indebted euro zone countries to raise funds and speculation that Portugal will nee
The euro fell to a four-month low against the dollar on Monday as worries about Europe's debt crisis mounted, after a source said Portugal was under growing pressure to accept EU/IMF aid. A senior eurozone source told Reuters on Sunday pressure was growin
Interbank buy/sell rates for the taka against the dollar on Monday. 71.00/71.00 (previous 71.00/71.00). Call Money Rates: 15.00 percent (previous 12.00-15.00 percent).
The Indian rupee fell to a three-week low on Monday tracking sharp losses in shares which raised concerns of foreign fund outflows, while some dollar demand from oil firms and importers also weighed. The partially convertible rupee closed at 45.45/46 per
The Thai baht and the Indonesian rupiah tumbled against the US dollar on Monday, after fears monetary authorities have fallen behind on inflation sent foreign investors bailing from domestic equities. Stock markets in Thailand and Indonesia were among las
The Swiss franc flirted with fresh highs against the euro on Monday as investors poured more money into the safe-haven currency ahead of eurozone bond sales. The franc has hit a series of records against the euro in recent weeks as investors have worried
The yuan closed lower versus the dollar on Monday after the People's Bank of China set a slightly weaker mid-point to reflect but lag a rise in the US dollar index, which has jumped 2.5 percent so far this year. Traders said the yuan's slight weakening wo
The Australian and New Zealand currencies climbed towards new highs on a struggling euro as Europe's debt problems continued to haunt the single currency, while marking time against the US dollar ahead of a data-packed week. The euro fell to within a whis
Pakistan Billiards and Snooker Association (PBSA) Monday expressed their shock over match-fixing in Punjab Cup and vowed to take stern steps to punish such acts in future. "We are shocked to know match-fixing in Punjab Cup involving former nationally rank
Ian Bell's sparkling tour Down Under continued on Monday as he scored an unbeaten century to guide England to a seven-wicket win over the Australian Prime Minister's XI in a one-day match. Chasing 223 to win in the rain-affected match, Bell blasted 13 fou
Juan Martin del Potro toiled for over three hours before subduing Feliciano Lopez in his first tour match for almost a year at the Sydney International on Monday. The giant Argentine, who downed Roger Federer in the 2009 US Open final, got just the workou
Pakistan cricket has an unerring ability to churn out exceptionally talented fast bowlers seemingly out on thin air. The nation has always been blessed with bowlers capable of causing fear in the bosoms of the most battle-hardened of batsmen.
Pakistan Football Federation (PFF)'s SVP Zahir Shah, VP Syed Khadim Ali Shah, Secretary General Lieutenant Colonel Ahmed Yar Khan Lodhi (Retd), Director Marketing Sardar Naveed Haider, Director Operation Wng Cmdr Pervaiz Saeed Mir (Retd), Director Clubs L
Director General Pakistan Cricket Board (PCB) and former captain Javed Miandad believes that Pakistan's current players were talented enough and can finish at some respectable place in the upcoming World Cup provided they bring back the 1992 attitude.
Saudi Arabia's quest for a fourth Asian Cup lay in tatters on Monday after they sacked beleaguered coach Jose Peseiro in the wake of an embarrassing 2-1 defeat to Syria in their opening game. The Portuguese, a former assistant to Carlos Queiroz at Real Ma
An impressive Australia crushed India 4-0 to get their Asian Cup campaign off to a decisive start Monday with red-hot Everton star Tim Cahill collecting two goals. Played at an Al-Sadd Stadium packed with noisy expatriate Indians, a convincing win was nee
French top seed Marion Bartoli dropped only one game in dumping former world number one Dinara Safina out of the Hobart International on Monday. Bartoli was in commanding form to put out the 2009 Australian Open runner-up, 6-0, 6-1 in one hour and 31 minu
New Zealand media lashed the nation's "embarrassingly bad" cricket team Monday after Pakistan routed the Black Caps within three days in the first Test at Hamilton. "New year - same old horror story," the back page of the New Zealand Herald declared, addi
Snow carpeted much of the US Deep South on Monday, leaving one person dead in Alabama, cutting off power to around 4,000 people in Georgia and closing countless roads, authorities said. Up to nine inches of snow fell in highland parts of the South but aut
North Korea Monday officially proposed dialogue with South Korea, less than two months after launching a deadly bombardment of a border island, but a sceptical Seoul quickly rejected the offer. The South said it was willing to hold government-level talks,
Spain's government rejected a permanent ceasefire declared by the Basque rebel group ETA on Monday, saying the move was insufficient for starting talks to end decades of violence. ETA, which has killed more than 850 people in its half-century armed strugg
US Defence Secretary Robert Gates and his Chinese counterpart said on Monday stronger military ties were needed to avoid missteps between the two global giants, whose forces have pushed up against each other in Asia. Gates is in China on a bridge-building
New Delhi endured its coldest day in 40 years on Sunday as temperatures fell to three degrees Celsius (37.4 degrees Fahrenheit) during a cold snap across northern India. As thousands of homeless people sought places in temporary shelters, more than 80 peo
Israeli Prime Minister Benjamin Netanyahu, saying Jews have a right to live anywhere in Jerusalem, defended on Monday a settlement project that drew criticism from US Secretary of State Hillary Clinton. Israeli bulldozers cleared the way for 20 new homes
Hundreds of Bangladeshis illegally employed in Nepal's capital will be deported, officials said Monday. Police said the migrants were being taken to Gulf countries by human traffickers who abandoned them. The revelation came after the arrest of alleged sm
US Vice President Joe Biden arrived in Afghanistan on Monday on a trip for talks with Afghanistan President Hamid Karzai and visit with US troops. Biden is to check on US efforts to begin a gradual withdrawal of US troops from Afghanistan in July, a timet