Pakistan is expecting bumper output from Kharif crops including rice 6.5 million tons, cotton 15-16 million bales, sugarcane 65 million tons and maize 4.5 million tons, officials at Ministry of Food and Agriculture (Minfa) said. Sources in Minfa told B
Pakistan is expecting bumper output from Kharif crops including rice 6.5 million tons, cotton 15-16 million bales, sugarcane 65 million tons and maize 4.5 million tons, officials at Ministry of Food and Agriculture (Minfa) said. Sources in Minfa told B
Polling for 38 seats of Azad Jammu and Kashmir Legislative Assembly elections will be held on Sunday (today) without participation of Muttahida Qaumi Movement (MQM) has decided to boycott the elections in protest against postponement of polls in LA-30, LA
Polling for 38 seats of Azad Jammu and Kashmir Legislative Assembly elections will be held on Sunday (today) without participation of Muttahida Qaumi Movement (MQM) has decided to boycott the elections in protest against postponement of polls in LA-30, LA
The dollar got an opportunity to go up versus the rupee on the currency market on Saturday, experts said. The rupee shed 15 paisa in relation to dollar at 85.95 and shed 14 paisa for selling at 85.99, they said.
The dollar got an opportunity to go up versus the rupee on the currency market on Saturday, experts said. The rupee shed 15 paisa in relation to dollar at 85.95 and shed 14 paisa for selling at 85.99, 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 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
Wheat prices were up on the wholesale grain market on Saturday in process of modest trading, dealers said. On the cereal side wheat old and new (bardan) appreciated by Rs 40 to Rs 2640-2655 due to rising demand by retailers, gur picked up Rs 100 to Rs 650
The July vaida was higher on the forward cottonseed oilcake market on Saturday and December vaida was unchanged in process of trading, dealers said. The July contract that had closed at 1424.80 and it opened with 30 paisa gain at Rs 1425.10. The December
KCA official spot rate was raised sharply by Rs 150, and phutti of new crop also went up on the cotton market on Saturday amid mills' cautious buying, dealers said. The Karachi Cotton Association (KCA) official spot rate shot up, gaining Rs 150 at Rs 8,65
US wheat futures fell 2 percent on Friday as investors liquidated commodity holdings due to further concerns about the global economy. Corn dropped 1-1/2 percent. The spot July contract was down 4-1/2 percent for the week and over 16 percent from the reco
The global sugar market should swing into surplus in 2011-12 (October/September) with a normal monsoon helping India's production recover, ABN Amro/VM Group said in a report on Friday. ABN Amro/VM Group, in its first estimate for 2011-12, forecast a globa
Recent rain has given some help to German wheat after a punishing drought this spring but the country's 2011 harvest is still likely to be down on the year, Germany's largest grain trading house Toepfer International said on Thursday. Toepfer estimates Ge
ICE Canadian canola futures rose on Friday due to short-covering of nearby supplies, but they finished with a big weekly loss. July-November inter-month spread was the key trading feature, trading 3,944 times and touching a July premium as high as $14.90,
The Karachi Port handled 148,636 tonnes of cargo including 104,244 tonnes of import cargo, 44,392 tonnes of export cargo and 5,047 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 104,244 tonnes com
The emirate of Sharjah has warned Dubai-government owned oil firm ENOC group of legal action and closure of stations operated by the group if it does not comply with a directive to open petrol stations, a newspaper reported on Friday. The Sharjah executiv
Chinese search engine Baidu has agreed to invest $306 million in domestic travel website Qunar as it seeks to cash in on the booming tourism market in China. Baidu, which dominates the Chinese search market after Google retreated following a spat with Bei
Chinese search engine Baidu has agreed to invest $306 million in domestic travel website Qunar as it seeks to cash in on the booming tourism market in China. Baidu, which dominates the Chinese search market after Google retreated following a spat with Bei
German Finance Minister Wolfgang Schaeuble warned coalition colleagues that the government could not afford to lower taxes, telling a German newspaper that cuts of up to 10 billion euros were unrealistic. "I'm somewhat unhappy about the public debate, whi
Greece, struggling to escape a financial collapse, is de facto bankrupt and the eurozone was seeking ways how to minimise impacts and contagion on other members, Slovak Prime Minister Iveta Radicova said on Saturday. The euro area countries are discussing
European Central Bank Governing Council member Yves Mersch said on Saturday a Greek sovereign debt default would lead to chaos, adding it was up to the parliament to deliver on its austerity promises. Banks and policymakers moved closer to a deal on Frida
Canada and Australia said here that they would support the bid of Mexico's central bank governor Agustin Carstens to be the next IMF managing director. A statement late Friday from Canadian Finance Minister James Flaherty and Australian Finance Minister W
China faces inflationary pressures and controlling them is the government's top policy priority, Vice Premier Li Keqiang said Saturday. Li's comments come just a day after Premier Wen Jiabao said he expects price pressures to decline steadily even as the
Chinese Premier Wen Jiabao said he was confident the government would bring inflation under control this year, in comments carried by state media Friday, even as consumer costs keep soaring. "There is concern as to whether China can rein in inflation and
Japanese government bond futures climbed on Friday supported by uncertainty over Greece's debt problems and signs of slowdown in the global economy, pushing the benchmark 10-year yield to a seven-month low. But profit-taking emerged and the 10-year paper
Japanese government bond futures climbed on Friday supported by uncertainty over Greece's debt problems and signs of slowdown in the global economy, pushing the benchmark 10-year yield to a seven-month low. But profit-taking emerged and the 10-year paper
Singapore Exchange, Asia's second-biggest listed bourse, will now start full-day continuous trading in the third quarter, delaying the move for the second time this year, the Straits Times reported on Saturday. The newspaper, which quoted unnamed sources,
Renren Inc was hyped as the "Facebook" of China, a company that had access to the world's largest Internet market, and a good way to ride the buzz surrounding social media IPOs - but investors who believed the story are nursing big wounds. In the two mont
Indian federal bond yields dropped on Friday as a sharp decline in global crude oil prices helped ease worries over a sustained rise in domestic inflation, but an expected increase in local fuel prices later in the day pulled yields off their lows.
Indian federal bond yields dropped on Friday as a sharp decline in global crude oil prices helped ease worries over a sustained rise in domestic inflation, but an expected increase in local fuel prices later in the day pulled yields off their lows.
Toronto's main stock index ended lower on Friday as gold and energy issues fell and worries persisted that Greece might not pass the austerity measures necessary for the country to get more bailout funds. Spot gold prices dropped below $1,500 an ounce for
Sri Lankan stocks rebounded on Friday from a five-and-half month closing low, snapping a four-session fall on gaining telecom and diversified shares, but concerns over margin calls that forced selling and low liquidity remained. Sri Lanka's main share ind
Biofuels maker KiOR Inc made a quiet market debut on Friday, a day after the private equity-backed firm's initial public offering raised a quarter less than initially expected. Shares of the company closed at $15 on Nasdaq, the price they debuted at, afte
US Treasury prices extended their rally on Friday as more money flowed out of European bonds and equities and into safe-haven US debt, but traders said prices could fall next week ahead of scheduled auctions. The Treasury Department plans to sell $99 bill
US Treasury prices extended their rally on Friday as more money flowed out of European bonds and equities and into safe-haven US debt, but traders said prices could fall next week ahead of scheduled auctions. The Treasury Department plans to sell $99 bill
Uncertainty over debt problems in Europe could keep benchmark US Treasury debt yields near six-month lows next week and is likely to trump the impact of debt auctions and data on consumer spending and manufacturing. Worries over whether Greece will be abl
Uncertainty over debt problems in Europe could keep benchmark US Treasury debt yields near six-month lows next week and is likely to trump the impact of debt auctions and data on consumer spending and manufacturing. Worries over whether Greece will be abl
Kosovo plans to issue its first Eurobond at the beginning of 2012 to the value of several tens of millions of euros, Finance Minister Bedri Hamza said on Friday. "We are at the final stage of preparations for the bond issue," Hamza told Reuters in an inte
Kosovo plans to issue its first Eurobond at the beginning of 2012 to the value of several tens of millions of euros, Finance Minister Bedri Hamza said on Friday. "We are at the final stage of preparations for the bond issue," Hamza told Reuters in an inte
Latin American stocks were mixed on Friday as investors focused on a key vote in Greece next week needed to help the country avoid becoming the first member of the eurozone to default on its debt. Brazil's benchmark Bovespa stock index retreated 0.3 perce
Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value. The Dow industrials and the S&P 500 fell for t
Speculators reduced bets against the US dollar for the second straight week, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short position fell to $17.05 billion in the week ended June 21, from a net sho
Three month euro-priced bank-to-bank lending rates edged back up on Friday, as other benchmark rate fell after this week's bumper take-up of ECB funding pushed market liquidity to highly elevated levels. Bank's took 187 billion euros from the ECB this wee
The Kenyan and Ugandan shillings are likely to remain under pressure against the dollar next week after falling through a series of record lows that their central banks blamed on currency speculators.
The rouble firmed versus the dollar and weakened against the euro on Friday, pricing in a recovery in risk sentiment that boosted stocks and commodity-driven currencies. The rouble had been battered by a sharp fall in oil prices on Thursday after the Inte
The Canadian dollar slid to its lowest point in more than a week against its US counterpart on Friday, extending losses that started at mid-week on mounting concerns about euro zone debt woes. Investors worried that Greece's parliament may not pass the au
Most Latin American currencies weakened against the US dollar on Friday as concern Greece will default on its debts led investors to sell emerging-market assets. Non-dollar assets fell or weakened world-wide on concern the Greek parliament may reject a pa
It was rough week for the euro and next week could prove an even tougher one if Greece's parliament does not approve a package of austerity measures. Passage is mandatory for the country to secure more bailout funds from eurozone governments. If more fund
US regulators have launched a probe into Google's lucrative search and advertising business in a move that could pose the most serious legal challenge yet to the Internet giant. Google confirmed the US Federal Trade Commission (FTC) inquiry in a blog post
Ukraine's central bank has cut limits on local banks' long foreign currency positions to 5 percent of regulatory capital from 20 percent, according to a document obtained by Reuters. The move is aimed at "maintaining stability on the foreign exchange mark
German Chancellor Angela Merkel has said eurozone countries need to give Greece time to find a solution out of its debt crisis, warning that a debt restructuring could have dire consequences. "It is in Europe's common interest to give Greece time," Merkel
President Barack Obama said on Saturday he remained committed to working with Congress to find a solution to the government's debt problem, but the focus could not only be on spending cuts. Obama's comments come as the president prepared to meet separatel
Overseas-listed Chinese companies should favour local accounting firms when selecting an auditor, the government said, amid growing concerns in foreign markets over China's auditing quality. The guidelines issued by the finance ministry on Friday say over
Egypt will not borrow from the World Bank and International Monetary Fund after revising its budget and cutting the forecast deficit, even though a loan had been agreed, Finance Minister Samir Radwan said on Saturday.
Chinese Prime Minister Wen Jiabao on Saturday offered his country's support for Europe and its common currency amid the eurozone's debt crisis. Wen said China was a long-term investor in the European sovereign debt market and has purchased a "not small" a
Chinese Prime Minister Wen Jiabao on Saturday offered his country's support for Europe and its common currency amid the eurozone's debt crisis. Wen said China was a long-term investor in the European sovereign debt market and has purchased a "not small" a