World powers failed to make progress with Iran in two days of talks on its nuclear programme, with the EU calling the discussions disappointing and saying no further meetings between the two sides were planned. "This is not the conclusion I'd hoped for,"
Firm trend was seen on the currency market on Saturday as the rupee almost held its overnight levels in process of trading, dealers said. The rupee shed two paisa against dollar for buying at 86.89 while it maintained its overnight level for selling at 85
Firm trend was seen on the currency market on Saturday as the rupee almost held its overnight levels in process of trading, dealers said. The rupee shed two paisa against dollar for buying at 86.89 while it maintained its overnight level for selling at 85
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (January 22, 2011).
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
The European rescue fund could use different interest rates in the debt it raises to help boost its effective lending capacity without having to increase the headline sum, German Economy Minister Rainer Bruederle said.
The European rescue fund could use different interest rates in the debt it raises to help boost its effective lending capacity without having to increase the headline sum, German Economy Minister Rainer Bruederle said.
The Bangladeshi capital Dhaka has beaten off strong competition from Sri Lanka to be chosen as the host city for a new headquarters for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Co-operation (BIMSTEC), officials said Saturday.
European leaders should not shy away from a proposal to buy back the bonds of troubled euro member states but should not rely too much on rich countries, Eurogroup Chief Jean-Claude Juncker said. "It would be wrong to create taboos but we cannot overstret
European leaders should not shy away from a proposal to buy back the bonds of troubled euro member states but should not rely too much on rich countries, Eurogroup Chief Jean-Claude Juncker said. "It would be wrong to create taboos but we cannot overstret
Volkswagen will begin selling the seventh generation of its flagship VW Golf hatchback in November 2012, industry publication Automobilwoche reported on Saturday, citing a person close to VW's chief executive.
Ten people were indicted Friday in a $20 million real estate scam in the western state of California, the US Justice Department said Friday. In a 56-count indictment by a federal grand jury in Fresno, California, the suspects were charged with conspiracy
Agriculture ministers from Europe, Africa and Canada warned Saturday of dire consequences, including riots and social unrest, unless action is swiftly taken to improve food security and tackle price hikes. The ministers from Germany, France, Poland, Ukrai
Bangladesh's trade deficit widened by more than $1 billion to about $4 billion in July to November, the first five months of the current fiscal year, compared with the same period of the previous fiscal year, central bank officials said Saturday. They sai
US authorities closed four banks - one in Denver and three in the US Southeast - on Friday with total assets of $2.7 billion, bringing the number of failures in 2011 so far to seven. The pace of bank failures is expected to decrease in 2011 as the economy
State Bank of India, the country's top lender, beat street estimates with a 14 percent rise in quarterly profit, as a surge in credit demand offset higher provisions for bad loans. The bank, which controls a quarter of Indian bank loans and deposits along
Facebook is preparing to open its books this year or early in 2012 to give investors a glimpse into the financial workings of the world's No 1 social network, after it sealed an oversubscribed $1.5 billion round of financing led by Goldman Sachs.
A former employee at LyondellBasell Industries and two international oil traders have been indicted in an alleged multimillion-dollar kickback scheme, the US Attorney's Office announced in a news release Friday.
India's biggest iron ore-producing state said Saturday it had withheld permission from 23 mines to operate because they had not supplied proof of environmental and other clearances. The mines affected by the move by the Orissa government in eastern India
The sole US manufacturer of a drug used for lethal injection executions in the United States announced Friday it would exit the market, raising new questions about states' ability to carry out capital punishment.
President Barack Obama called on Saturday for new efforts to open global markets to US goods, highlighting trade before a big speech on Tuesday that will lay out his policy priorities for the coming year. With the US unemployment rate stuck at a stubbornl
US securities regulators on Friday called for a new uniform fiduciary standard for broker-dealers and investment advisers that would require them to put retail customers ahead of their own financial interests.
Japanese government bonds were almost flat on Friday after a sharp fall in Tokyo shares helped the market erase earlier losses triggered by a drop in US debt prices. A Bank of Japan purchase of 290 billion yen ($3.5 billion) of JGBs also supported the mar
Japanese government bonds were almost flat on Friday after a sharp fall in Tokyo shares helped the market erase earlier losses triggered by a drop in US debt prices. A Bank of Japan purchase of 290 billion yen ($3.5 billion) of JGBs also supported the mar
Brazil's state-owned oil giant Petrobras on Thursday sold $6 billion in bonds of different maturities, with spreads at the tight end of the range initially offered to investors, Thomson Reuters' IFR reported. Petrobras priced $2.5 billion in five-year bon
Brazil's state-owned oil giant Petrobras on Thursday sold $6 billion in bonds of different maturities, with spreads at the tight end of the range initially offered to investors, Thomson Reuters' IFR reported. Petrobras priced $2.5 billion in five-year bon
Brazil's government will make it a priority in 2011 to build a yield curve for its real-denominated global bonds, Deputy Treasury Secretary Paulo Valle said on Friday. The move is part of a plan to build up a real-denominated debt market abroad, providing
Brazil's government will make it a priority in 2011 to build a yield curve for its real-denominated global bonds, Deputy Treasury Secretary Paulo Valle said on Friday. The move is part of a plan to build up a real-denominated debt market abroad, providing
The Chief Executive of Chinese Internet retailer E-commerce China Dangdang Inc may be angry over the pricing of his company's initial public offering, but that does not mean he has any basis for a lawsuit, US securities lawyers said. Dangdang CEO Li Guoqi
Toronto's main stock index finished lower for a third straight day on Friday, accelerating its decline toward the close on a late-day selloff in the materials group. The Toronto Stock Exchange's composite index, which was largely flat for much of the afte
Indian federal bond yields crawled higher on Friday as sentiment in the market tilted towards risk aversion before the central bank's monetary policy review scheduled for Tuesday. Dealers said the outcome of the $2.41 billion debt sale also failed to elic
Indian federal bond yields crawled higher on Friday as sentiment in the market tilted towards risk aversion before the central bank's monetary policy review scheduled for Tuesday. Dealers said the outcome of the $2.41 billion debt sale also failed to elic
Joint eurozone bonds could help the bloc overcome its debt crisis, Greek Prime Minister George Papandreou said on Friday. Greece, which clinched 110 billion euros ($148.9 billion) in emergency EU/IMF funding in May last year to avoid default, embraced the
Joint eurozone bonds could help the bloc overcome its debt crisis, Greek Prime Minister George Papandreou said on Friday. Greece, which clinched 110 billion euros ($148.9 billion) in emergency EU/IMF funding in May last year to avoid default, embraced the
Sri Lanka's bourse hit a record high on Friday on hopes of better earning in the December quarter and a further cut in lending rates, while the rupee edged down on importer dollar demand. The island's main share index rose 1.15, hitting a record intraday
US Treasury prices climbed on Friday as bargain-hunting overshadowed supply worries after Thursday's sell-off on a disappointing bond auction and stronger-than-expected economic data. Lingering nervousness over Europe's fiscal problems and the turmoil in
US Treasury prices climbed on Friday as bargain-hunting overshadowed supply worries after Thursday's sell-off on a disappointing bond auction and stronger-than-expected economic data. Lingering nervousness over Europe's fiscal problems and the turmoil in
Turkey's benchmark bond yield struck a six-week high on Friday amid market confusion over the scale and timing of further rises in required reserve ratios, which the central bank said it would make to offset a rate cut. The bank on Thursday surprised mark
Turkey's benchmark bond yield struck a six-week high on Friday amid market confusion over the scale and timing of further rises in required reserve ratios, which the central bank said it would make to offset a rate cut. The bank on Thursday surprised mark
US government securities traders have little to do on Friday but set up for next week's Treasury note auctions, which could result in some flattening of the yield curve. If traders sell the short and medium part of the curve to make way for next week's Tr
US government securities traders have little to do on Friday but set up for next week's Treasury note auctions, which could result in some flattening of the yield curve. If traders sell the short and medium part of the curve to make way for next week's Tr
South African government bonds fell sharply on Friday, driving yields to their highest level in 7 months after central bank comments on rising inflation pressures dented prospects of interest rates cuts. The bond sell-off, a day after the Reserve Bank lef
South African government bonds fell sharply on Friday, driving yields to their highest level in 7 months after central bank comments on rising inflation pressures dented prospects of interest rates cuts. The bond sell-off, a day after the Reserve Bank lef
Latin American equities closed at a three-week low on Friday as investors fretted about Brazilian monetary tightening and that higher Chinese interest rates would slow the region's exports to China. The MSCI Latin American stocks index dipped 0.13 percent
The Dow and S&P 500 rose on Friday as General Electric Co's earnings put a positive tone on the economic recovery, snapping a two-day losing skid for the benchmark index. The Nasdaq was pulled lower by Google, ending a week marked by investors pulling bac
Following is a selection of comments from analysts on important technical developments in the foreign exchange market. CMC eyes euro/USD squeeze near $1.3580.
Currency speculators turned long on the euro for the first time in two months in the latest week while they doubled bets against the US dollar, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short positi
Key euro-priced bank-to-bank lending rates on Friday posted the strongest one-day rise since October, as unease about Spain's banking sector filtered through markets still digesting last week's inflation warning from the ECB. The European Central Bank kep
The Canadian dollar strengthened against the greenback on Friday as unexpectedly strong Canadian retail sales data increased optimism about the outlook for economic growth. The report, along with other recent data, stood in contrast to signals from the Ba
The euro hit a two-month high above $1.36 on Friday and its break of important technical levels suggested more gains to come now that anxiety about a euro zone debt crisis has started to wane. The euro has outperformed the dollar in eight of the last 10 s
Red-headed Russian spy Anna Chapman has made her debut as a television presenter, hosting a programme about unsolved mysteries in her latest career twist. Her weekly show, titled "Secrets of the World with Anna Chapman," aims to unravel unexplained myster
Singapore's founder Lee Kuan Yew said he wanted his family home demolished after his death instead of having it turned into a national shrine. "I've told the cabinet, when I'm dead, demolish it," the 87-year-old Lee said in an interview published Saturday
A former senior Chicago police commander was sentenced to 4.5 years prison for lying about police torture and abuse, the US Justice Department said Friday. Former Chicago Police Department Commander Jon Burge, 63, had long been accused of torturing murder
A 25-year-old Sudanese man was being treated in hospital for second-degree burns, medics said on Saturday, in the latest instance of self-immolation in the Arab world. Al-Amin Musa Al-Amin, a labourer from Darfur, poured petrol over himself shortly after
The death toll from torrential rain in South Africa has risen to 70, with another 8,000 people displaced, an official said Saturday, as the government stepped up its emergency efforts. "The number of fatalities currently recorded nationally have sadly inc
Saudi Arabia's elderly King Abdullah arrived in Morocco on Saturday to convalesce after spending almost two months in New York for medical treatment, Saudi state media said. The official Saudi Press Agency (SPA) said Abdullah, aged about 87, arrived in Ca
Ousted Haitian dictator Jean-Claude Duvalier has apologised to the victims of his 15-year regime and said he had ended two decades in exile to work for national reconciliation. "I have come back as a sign of my solidarity during this extremely difficult p
Dimitar Berbatov scored his third hat-trick of the season for leaders Manchester United who maintained their unbeaten Premier League record with a 5-0 drubbing of Birmingham City on Saturday. Arsenal moved into second place, above Manchester City who face
Singolane kept their early goal live for 63 minutes to overcome Bihar 1-0 in the first semi-final of PFF-KESC Lyari Football League 2011 on Saturday. According to a message received here, Striker Idrees Rehman netted important goal for Singolane in the se
World number one Rafael Nadal survived a brief scare against local teenager Bernard Tomic to reach the Australian Open last 16 Saturday, as women's favourite Kim Clijsters also battled through. Nadal, gunning to unite the four Grand Slam titles for the fi
A five-wicket haul for Tim Southee and a blistering 55 by Jesse Ryder saw New Zealand shatter an 11-match losing streak in style with a nine-wicket win over Pakistan in their one-day match Saturday. New Zealand were so dominant in the opening ODI of the s
Disgruntled fans in the home town of Bangladesh pace bowler Mashrafe Mortaza blockaded streets on Saturday in a fresh protest at the omission of the former captain from the country's 15-man World Cup squad. The blockade followed a half-day general strike
The Tour de Pakistan Cycling-the longest cycling race in Asia will commence on March 8, 2011 from Karachi. Cyclists from Afghanistan, Sri Lanka, Bangladesh, Iran, South Africa, Doha, Dubai, Saudi Arabia and host Pakistan will participate in the 1620 kilom
Mohammad Aslam Khokar, Pakistan's oldest surviving Test cricketer, died in a Lahore hospital after a prolonged illness, family sources said Saturday. Khokar, who played just one Test for Pakistan on their first-ever tour to England in 1954, turned 91 on J
South Africa levelled the one-day series at 2-2 by beating India by 48 runs on the Duckworth-Lewis method after bad weather ruined the fourth match on Friday. India, chasing 266 for victory, were 142 for six when rain ended play in the 33rd over. The fift