The rupee moved both ways against dollar in the open market on Saturday in process of trading, dealers said. Persistent demand for dollar by the importers made the rupee unable to retain the firmness in terms of the greenback, money experts said.
The rupee moved both ways against dollar in the open market on Saturday in process of trading, dealers said. Persistent demand for dollar by the importers made the rupee unable to retain the firmness in terms of the greenback, money experts said.
Chinese importers have cut purchases of copper in bonded warehouses in Shanghai this week because of weaker domestic demand, caution over prices and slower processing by local customs offices, traders said on Wednesday. Reduced trade was discouraging inve
China and India are chasing rubber for nearby shipment, while year-end covering from other consumers as well as tight supply in Southeast Asia could help prices extend gains, dealers said on Wednesday.A combination of dry and wet weather curbed tapping in
The US Agriculture Department set the prevailing world market price for upland cotton at 78.36 cents per lb, effective through December 15. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next annou
China's capacity for state cotton purchases this year is 4.1 million tonnes, 55 percent of the estimated 2011 cotton output, the China National Cotton Reserves Corp said in a statement on Monday. Selling cotton to the government has been farmers' top prio
Malaysian palm oil stocks likely fell for a second consecutive month in November, with the decline in production outpacing the drop in exports, a Reuters survey of seven plantation houses showed.Stocks in the world's No 2 producer of the edible oil probab
High domestic prices have forced exporters in Thailand to seek at least 50,000 tonnes of cheaper rice from Indian and Pakistani origins to deliver to clients, exporters said on Wednesday.Thailand is the world's biggest rice exporter but that status is in
Gold rose on Friday following the previous day's tumble, swept higher in an equities rally as EU leaders agreed to push for a deeper economic integration and as US consumer sentiment hit a six-month high. The precious metal, however, notched its third wee
Commodity prices mostly fell last week in volatile deals as traders digested an EU summit that had been aimed at resolving the eurozone sovereign debt crisis once and for all. European Union leaders banded together at a Brussels summit on Friday to back t
India's sugar output rose 22.2 percent in the first two months of the new season from October despite crushing delays in its top producing state, a leading industry body said on Monday, boosting the chances of more sugar exports by the government.Last mon
Continued hot and dry weather in western Ivory Coast, a key cocoa growing region, heightened worries among farmers that supply could drop off starting early next year.Ivory Coast is the world's top cocoa producer, accounting for more than a third of globa
Brazil's exports of fine coffees will rise to almost one third of arabica shipments in 2011, the exporter association said on Monday, reflecting the higher profits to be made from producing superior beans.Shipments of specialty coffees will reach 7 millio
British oil firm Tullow Oil said on Thursday it hoped production from its Jubilee oil field in Ghana would reach 120,000 barrels per day by "early next year", narrowing the possible timing of a target delayed twice already. The offshore field started pump
Global coffee consumption is expected to rise steadily next year despite the economic slowdown to match the 2.5 percent annual average growth seen in the past decade, a senior industry executive said on Thursday. "Consumption is going to be very well desp
The December vaida was higher and the January contract was unchanged on the forward cottonseed oilcake market on Friday in process of trading, dealers said. The December contract that had ended at Rs 1304.80 opened with a gain of 30 paisa at Rs 1305.10. T
Strong demand by mills and foreign buyers aided the rates to stabilise on the cotton market on Saturday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,300, they said. Prices of seedcotton in Sindh were unchang
Britain's luxury jewellers are opening outlets in China, where demand for jewellery is set to grow while appetite wanes in western markets. Royal jeweller Garrard became the latest in a string of British brands to open an outlet in the Lane Crawford depar
Sugar production in Maharashtra state is likely to miss a target of 9.3 million tonnes forecast in August by the government as cane yields are lower than expected, industry officials said, which could hit India's surplus available for exports.
Modest trading activity was seen on the wholesale grain market on Saturday in the absence of fresh buying interest by the leading participants, dealers said. On the cereal side wheat old and new both inched up by Rs 5 to Rs 2685-2700, respectively, other
Basis bids for hard red winter wheat in the US Plains were steady to firmer on Friday and some dealers were posting as much as 20 cents a bushel protection as grain markets were seen sliding on a bearish USDA supply report. Protection ranged from 10-20 ce
US corn futures inched up on Friday as strong demand for US exports outweighed concerns about future economic growth after European Union leaders agreed on tighter fiscal rules. EU leaders agreed stricter budget rules for the euro zone on Friday, but fail
ICE Canadian canola futures dipped on Friday after a US crops report projected bigger soyabean and grain ending stocks than expected, but canola was on course for its first weekly gain in three weeks, traders said. US wheat, soya stocks climb due to big w
The Karachi Port handled 115,791 tonnes of cargo comprising 84,207 tonnes of import cargo and 31,584 tonnes of export cargo including 5,052 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 84,207 to
Japan's securities watchdog has urged that the Japanese arms of Citigroup and US be penalised for trying to manipulate the short-term interest rates for interbank trading. Former staff members at UBS Securities Japan and Citigroup Global Markets Japan had
Police arrested dozens of people early Saturday as they cleared away the remaining Occupy Boston encampment in the city's financial district in a mostly peaceful action. Authorities, including more than 100 police officers, swept into the area before sunr
British Finance Minister George Osborne said on Saturday that eurozone countries had supported their currency by agreeing to draft a new treaty for deeper economic integration, but much work still needed to be done to stabilise it. Osborne also reiterated
Lockheed Martin Corp is being awarded a $4 billion fixed-price US Navy contract for 30 F-35 Joint Strike Fighter aircraft, the fifth batch of low-rate initial production, the Defence Department said on Friday. The deal would provide 21 conventional models
A Minnesota businessman sentenced to 50 years in prison for running a $3.7 billion Ponzi scheme lost his bid to overturn his conviction on Friday. Thomas Petters argued that the trial court violated his constitutional rights by preventing him from conduct
Despite some recent signs the sluggish US economy might be improving, President Barack Obama warns it could be years before the country is on a sound footing. In excerpts from an interview with CBS' "60 Minutes" program that will air on Sunday, Obama was
Iran's Opec governor said on Saturday the oil market was "relatively balanced", indicating the country will not push for any major shift in an Opec ministerial meeting next week. "The market is relatively balanced and my feeling is there is a general sent
BMW and General Motors plan to join forces on the development of fuel cell technology, German weekly business magazine Wirtschaftswoche reported, citing industry sources. Talks between the two companies are highly advanced, the magazine said on Saturday,
Indonesia has threatened to cut data services used by millions of BlackBerry customers, the industry body said Saturday, in an ongoing spat over infrastructure and government access to information. The industry regulator said it would block internet servi
China's exports slowed in November on slack demand in the US and European markets, as its overall trade surplus plunged 35 percent from a year earlier to $14.5 billion. Customs data released Saturday show exports rose 13.8 percent to $174.5 billion, a dec
The head of China's central bank says the country will implement changes to its financial system suggested by the International Monetary Fund "as appropriate", the Washington-based lender said. People's Bank of China (PBOC) governor Zhou Xiaochuan told a
Olympus Corp's ousted CEO, Michael Woodford, flies to Japan on Tuesday to press on with a battle to win back his job, as media reported that prosecutors plan to raid the homes of suspects in a $1.7 billion accounting fraud at the camera maker. Woodford wa
Democratic and Republican lawmakers skirmished on Friday over plans to extend a payroll tax cut seen as crucial to a fragile US economic recovery, but aides predicted a last-minute deal. While independent economists say extending the tax cut would boost t
Asia's central banks are taking a far more co-ordinated approach to shield their economies from any new global economic crisis and are unlikely to turn to the IMF for help in the short term, the governor of the Philippines central bank said on Saturday.
Sri Lanka's stock market ended weaker on Friday with volume and turnover slumping to the lowest in almost a month, as investors awaited the first moves by the new head of the Securities and Exchange Commission (SEC). The island nation's main share index c
Deutsche Boerse AG will not sell its derivatives arm Eurex or NYSE Euronext's Liffe arm to meet anti-trust concerns about their $9 billion deal, Chief Executive Reto Francioni told two German newspapers. "If a condition for the approval would be to sell o
China's second-largest publicly traded brokerage delayed pricing its up to $1.7 billion Hong Kong listing, spooked by falling stock markets, underlining shaky confidence in new issues as other firms price low to get their share offerings away.
Eastern Europe's No 1 insurer PZU is considering corporate bonds, with a keen eye on the Polish energy sector, as a way of limiting its portfolio's reliance on treasuries and equity, PZU's head of investment said. Chief Investment Officer Ryszard Trepczyn
Eastern Europe's No 1 insurer PZU is considering corporate bonds, with a keen eye on the Polish energy sector, as a way of limiting its portfolio's reliance on treasuries and equity, PZU's head of investment said. Chief Investment Officer Ryszard Trepczyn
Latin American stocks gained on Friday after a historic European Union agreement on fiscal integration lifted markets but failed to produce deeper optimism the measures would resolve the debt crisis. The MSCI Latin American stock index gained 1.29 percent
Canadian stocks climbed on Friday on optimism that European Union leaders were moving to address the region's debt crisis by agreeing on measures aimed at enforcing stricter budget discipline among member nations. Energy shares on the Toronto Stock Exchan
US Treasuries prices fell on Friday and long bonds dropped over two points, as investors prepared for a heavy new issuance scheduled for the next week and a half. An agreement in Europe to a draft of a new treaty for deeper economic integration also dampe
US Treasuries prices fell on Friday and long bonds dropped over two points, as investors prepared for a heavy new issuance scheduled for the next week and a half. An agreement in Europe to a draft of a new treaty for deeper economic integration also dampe
India's benchmark 10-year bond yield dropped for the fourth straight week on Friday as a slowdown in the economy and signs of easing inflation strengthened expectations the central bank will start focusing on supporting growth sooner than expected.
India's benchmark 10-year bond yield dropped for the fourth straight week on Friday as a slowdown in the economy and signs of easing inflation strengthened expectations the central bank will start focusing on supporting growth sooner than expected.
Turkish shares rose on Friday as investors were cheered by a deal among nearly all EU leaders to build a closer fiscal union while the lira hit its weakest level since November 30 as worries on the economic outlook continued to weigh. Attention was focuse
Japanese government bond prices rose and the benchmark yield hit a two-week low on Friday as hopes dimmed that a European Union summit would make substantial progress towards containing the region's debt crisis, dragging down equities and lifting demand f
Japanese government bond prices rose and the benchmark yield hit a two-week low on Friday as hopes dimmed that a European Union summit would make substantial progress towards containing the region's debt crisis, dragging down equities and lifting demand f
US stocks rallied Friday, finishing the week higher after European Union leaders agreed on a plan to toughen the region's budget rules to help restore market confidence after a two-year sovereign debt crisis. The agreement went some way to address the str
The Japanese yen will remain firm against the dollar in the next few months but then weaken gradually in 2012 as domestic firms start investing overseas and the US economic recovery gathers steam, a Reuters poll showed on December 8.
Mexico's peso and Brazil's real firmed on Friday after strong US consumer confidence data and news China could step up foreign investments, but jitters about Europe's debt crisis could limit further gains. Latin American currencies mostly tracked a reboun
The Canadian dollar crept up against its US counterpart on Friday, benefiting from better risk sentiment after European Union leaders reached an historic agreement to build a closer fiscal union with stricter budget discipline in the euro zone. Global sto
Key euro zone bank-to-bank lending rates fell sharply on Friday a day after the European Central Bank cut interest rates back to a record low of 1 percent and announced new measures to help ailing banks. Interbank lending markets - usually the starting po
The euro edged higher against the dollar Friday but sentiment remained shaky after an agreement by nearly all European Union leaders to build a closer fiscal union failed to allay concerns about the region's debt crisis. Developments in Europe's debt mark
The Swiss franc rose against the euro on Friday, with the single currency broadly weaker as hopes dimmed European Union leaders at a summit would come up with a credible borrowing scheme to deal with the bloc's debt crisis. European leaders failed to reac
Currency speculators reversed sentiment and bet against the US dollar for the first time since the period ending September 6, according to data from the Commodity Futures Trading Commission released on Friday and Reuters calculations. The value of the dol
East Africa's shillings are likely to firm next week, continuing their bounce from record lows against the dollar over the last few months, as monetary tightening takes effect and dollar-consuming businesses wind down towards the end of the year.
Investors nearly halved positions in the Chinese yuan in the last two weeks, to their lowest level in more than a year, while they turned slightly bullish on the South Korean won, a Reuters poll showed on Thursday. The survey of 10 currency analysts, cond
FIFA president Sepp Blatter said Saturday that the football organisation had dismissed fears about radiation when choosing quake-striken Japan as the host of this year's Club World Cup. "There were some voices saying how can you play in a country that has
Turkey's Parliament approved a sharp reduction in prison terms for match-fixing and hooliganism early Saturday, a move that will lead to lighter sentences for any suspects found guilty in a recent match-fixing scandal. The Parliament voted for the new red
The local billboards call the Dubai World Championship the 'greatest show on Earth' and Luke Donald did his best to justify that tag with a faultless six-under-par 66 in Saturday's third round. The world number one's performance means he now stands on the