Rising demand for dollars pushed the rupee value down versus the greenback on the currency market on Saturday, experts said. The rupee drifted lower in relation to the US currency, falling 17 paisa for buying at 85.45 and lost 18 paisa for selling at 85.5
Rising demand for dollars pushed the rupee value down versus the greenback on the currency market on Saturday, experts said. The rupee drifted lower in relation to the US currency, falling 17 paisa for buying at 85.45 and lost 18 paisa for selling at 85.5
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 Commi
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
Russia's barley imports in January were 20,400 tonnes, compared with none a year ago, official customs data showed on Thursday. Imports followed a shortage at home caused by severe drought. In December, Russia imported 27,600 tonnes of barley, slightly le
Bullish trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The March vaida that had closed at Rs 1245.50 opened with a gain of 20 paisa at Rs 1245.70. The May contract which closed at Rs 1323.50 opened
Official spot rate came under pressure and KCA brought it down as a result of falling daily intake by the mills and spinners, dealers said on the cotton market on Saturday. Karachi Cotton Association (KCA) official spot rate was lowered by Rs 300 to Rs 12
Sluggish business was seen on the wholesale grains market on Saturday as most of the buyers kept to the sideline due to less buying interest, dealers said. On the cereals side wheat old (burdan) was down by Rs 15 to Rs 2815 and wheat new (burdan) also she
US grain futures fell after an earthquake in Japan raised fears that the world's third largest economy would slow commodity purchases, extending a sell-off in which wheat prices notched their biggest weekly loss in more than two years. Grain companies bou
The Karachi Port handled 119,743 tonnes of cargo including 87,431 tonnes of import cargo, 32,312 tonnes of export cargo and 3,838 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 87,431 tonnes compr
Ukraine may replace its current grain export quotas with export duties in a bid to make shipment procedures more transparent, analyst UkrAgroConsult said on Friday. "This was stated by a presidential official after trade organisations... international fin
Most of Argentina's 2010/11 soyabean crop is developing well due to ample soil moisture after plentiful rains in recent weeks, the Agriculture Ministry said on Friday in a weekly crop progress report. Argentina is the world's No 3 exporter of soyabeans an
Spinner Graeme Swann has been fined 10 percent match fee for using offensive language during England's two-wicket defeat by Bangladesh in Chittagong, the International Cricket Council (ICC) said on Saturday. The off-spinner subsequently apologised to the
Pakistan manager Intikhab Alam denied on Saturday that Umar Akmal had faked a finger injury in a desperate bid to save his blundering brother Kamran's place in the team. Umar, who has been tipped to take the wicket-keeping gloves from his elder brother fo
Australia captain Ricky Ponting has promised the champions will field their strongest available side when they face World Cup whipping boys Kenya on Sunday. And he added that could mean Michael Hussey returning at the expense of brother David.
Lee Chung-Yong fired Bolton into the FA Cup last four as the South Korean's late goal clinched a 3-2 win over Birmingham in the quarter-finals at St Andrew's on Saturday. Owen Coyle's side looked to have been denied a place in the last four when Kevin Phi
New Zealand are hot favourites to seal a place in the World Cup knockout round when they face minnows Canada on Sunday but will have to do it without injured skipper Daniel Vettori. Defeat in Mumbai's Wankhede Stadium would be a major shock for the Black
South Africa backed up paceman Dale Steyn's five-wicket burst with their batting depth to end India's winning run with a thrilling three-wicket victory in the World Cup on Saturday. Needing 13 to win in the last over off seamer Ashish Nehra, South Africa
South Africa backed up paceman Dale Steyn's five-wicket burst with their batting depth to end India's winning run with a thrilling three-wicket victory in the World Cup on Saturday. Needing 13 to win in the last over off seamer Ashish Nehra, South Africa
The US government has given BHP Billiton the second new permit to drill in the Gulf of Mexico since the Macondo oil spill, the Bureau of Ocean Energy Management said Saturday. A BHP spokesman confirmed that the new permit has been issued for resumption of
Regulators in the US closed two small banks on Friday, bringing the total number of shuttered institutions in 2011 to 25. In 2010 157 banks failed while 140 failed in 2009. The bulk of the closed banks have increasingly been smaller institutions, those wi
Daniel Mudd, the former CEO of government-sponsored mortgage firm Fannie Mae, has received notice from US regulators that he may face claims for allegedly misleading investors about the mortgage company's exposure to subprime loans, Bloomberg said.
Google has awarded nearly $9 million in bonuses and another $50 million in equity to four top executives of the Internet giant, according to a filing with the US Securities and Exchange Commission. Patrick Pichette, Google's chief financial officer, recei
Loans to Indian farmers will likely beat the government's target of 3.75 trillion rupees ($83 billion) for the fiscal year ending March 2011, Finance Minister Pranab Mukherjee was quoted as saying on Saturday. "Agriculture lending, particularly the short-
China will participate in developing Iran's giant north and south Azadegan oil fields, work that is too expensive for an Iran firm to carry out, an Iranian official was quoted as saying on Saturday by the semi-official Mehr news agency. "Separate contract
European leaders agreed to strengthen the eurozone bailout fund on Saturday, make its loans cheaper and lower the interest rate on funds extended to Greece, a move to get on top of the year-long debt crisis. As part of a bold series of steps that may help
New Irish Prime Minister Enda Kenny held up a summit of leaders as he fought with eurozone partners in the early hours of Saturday to renegotiate the terms of his country's bailout, sources said. As the eurozone struggled to agree a lasting solution to a
Thousands of people thronged Apple stores on both US coasts as the iPad 2 went on sale on Friday, signalling a strong appetite for a device that dominates the fledgling market it created. Hordes of fans - some of whom had queued up overnight - formed rauc
Argentina's government fined two private consultancies $120,000 over the publication of inflation estimates that more than double the official rate, the state news agency reported on Friday. The government's price watchdog, Domestic Commerce Secretary Gui
Toyota Motor Co said it has halted production at two factories with combined annual capacity of 420,000 small cars built mainly for overseas markets, after a massive earthquake hit Japan the previous day. Toyota, Japan's biggest carmaker, said it had not
European Central Bank president Jean-Claude Trichet told German weekly magazine Der Spiegel that the bank's program of buying government bonds was temporary. "We will not do this forever. This measure is, like all our extraordinary measures, temporary," h
The risk of credit downgrades for eurozone governments will intensify if European leaders cannot agree a credible and coherent policy response to the bloc's debt crisis, ratings agency Fitch said on Friday. Euro zone leaders must deliver on fiscal consoli
Kia Motors is recalling more than 70,000 Optima midsize sedans to fix transmission problems that can cause the cars to roll even while they are in park. The cars are from the 2006 through 2008 model years and were built from September 29, 2005 to June 13,
China has removed a key trade barrier against certain foods made with legume crops, Canada's agriculture minister said on Friday. China has removed its maximum limit for selenium, a naturally occurring mineral, in imported food, which acted as a barrier t
The US military has grounded its entire fleet of 10 F-35 fighter jets built by Lockheed Martin Corp while it investigates a dual generator failure and an oil leak that occurred during a flight test last week, the company said.
German engineering group Norma will use the proceeds from its market debut to chip away at its pile of debt and fund acquisitions, the group's top two executives told Reuters. "Our eyes are open and we would consider acquisition targets all over the world
Cambodia will use the local currency for trading on its soon-to-be-launched stock exchange, officials said Saturday, in a bid to boost the use of the riel in the heavily dollarised country. Stock quotations must be in riel only, the Securities and Exchang
Indian federal bond yields ended largely steady on Friday as traders eyed inflation data on Monday for cues on the tone of the central bank's policy review next week, with expectations of a quarter point hike already priced in. The Reserve Bank of India (
Indian federal bond yields ended largely steady on Friday as traders eyed inflation data on Monday for cues on the tone of the central bank's policy review next week, with expectations of a quarter point hike already priced in. The Reserve Bank of India (
Latin America stocks bounced up on Friday after the worst weekly slide since November, but equities were facing deeper losses ahead as higher oil prices and rising interest rates could hit growth. The MSCI Latin American stocks index rose 0.22 percent and
Latin America stocks bounced up on Friday after the worst weekly slide since November, but equities were facing deeper losses ahead as higher oil prices and rising interest rates could hit growth. The MSCI Latin American stocks index rose 0.22 percent and
Toronto's resource-heavy stock index pushed higher after early volatility on Friday morning as investors bought beaten-down stocks and the market regrouped after an initial selloff in reaction to the huge earthquake in Japan. After four straight days of l
As investors impatiently await initial public offerings from LinkedIn, Groupon, Facebook and other hot Web start-ups, some lesser-known software technology companies are quietly positioning themselves to tap the public markets this year.
Sri Lanka's stock market fell in low volumes and turnover on Friday to over five-week lows as investors cashed in for upcoming IPOs and forced selling by brokers in line with a directive by the Securities and Exchange Commission (SEC). The island's main s
The biggest earthquake on record to hit Japan may prompt insurance firms to sell assets to pay for damages, and investors were watching Friday to see if they dispose of US government debt to raise cash. The massive quake left analysts seeking market guida
The biggest earthquake on record to hit Japan may prompt insurance firms to sell assets to pay for damages, and investors were watching Friday to see if they dispose of US government debt to raise cash. The massive quake left analysts seeking market guida
Three to six companies are expected to debut on the Lima Stock Exchange this year as an association with the bourses of Bogota and Santiago makes a new regional market more attractive to investors, the CEO of the Peruvian exchange said on Friday.
Investors in the Treasury market will begin next week by confronting the familiar spectre of possible post-disaster selling of US Treasuries by insurers, following a devastating earthquake in Japan on Friday. But not everyone in the market is convinced th
Investors in the Treasury market will begin next week by confronting the familiar spectre of possible post-disaster selling of US Treasuries by insurers, following a devastating earthquake in Japan on Friday. But not everyone in the market is convinced th
Turkish bond yields dipped on Friday due to speculation the central bank will not raise reserve requirement ratios at this month's policy meeting and helped by easer oil prices. Stocks ended one percent higher, with shares in Turkey's largest conglomerate
Turkish bond yields dipped on Friday due to speculation the central bank will not raise reserve requirement ratios at this month's policy meeting and helped by easer oil prices. Stocks ended one percent higher, with shares in Turkey's largest conglomerate