Tentative signs of economic upturn are appearing in the eurozone but business activity is showing signs of flagging in China and Brazil, the OECD said on Monday. The Organisation for Economic Cooperation and Development said that the United States and Jap
Tentative signs of economic upturn are appearing in the eurozone but business activity is showing signs of flagging in China and Brazil, the OECD said on Monday. The Organisation for Economic Cooperation and Development said that the United States and Jap
Eurozone finance ministers grilled Spain on Monday over its budget deficit, which is set to break stricter new EU rules this year, stressing that Madrid must get back on target in 2013. Greece, the bloc''s original problem debtor, swapped its privately he
Eurozone finance ministers grilled Spain on Monday over its budget deficit, which is set to break stricter new EU rules this year, stressing that Madrid must get back on target in 2013. Greece, the bloc's original problem debtor, swapped its privately hel
Eurozone finance ministers grilled Spain on Monday over its budget deficit, which is set to break stricter new EU rules this year, stressing that Madrid must get back on target in 2013. Greece, the bloc's original problem debtor, swapped its privately hel
Pakistan''s trade deficit for the first seven months surged by $14.599 billion, up by 41.23 percent over $10.337 billion for the same period of last year with exports declining by 0.48 per cent, according to Pakistan Bureau of Statistics (PBS).
Pakistan's trade deficit for the first seven months surged by $14.599 billion, up by 41.23 percent over $10.337 billion for the same period of last year with exports declining by 0.48 per cent, according to Pakistan Bureau of Statistics (PBS).
Pakistan's trade deficit for the first seven months surged by $14.599 billion, up by 41.23 percent over $10.337 billion for the same period of last year with exports declining by 0.48 per cent, according to Pakistan Bureau of Statistics (PBS).
In order to restrict money-laundering and terrorist-financing activities, the State Bank of Pakistan on Monday, issuing new instructions, asked banks not to allow personal accounts for charity purposes. The SBP has also asked banks/DFIs to review all exis
In order to restrict money-laundering and terrorist-financing activities, the State Bank of Pakistan on Monday, issuing new instructions, asked banks not to allow personal accounts for charity purposes. The SBP has also asked banks/DFIs to review all exis
In order to restrict money-laundering and terrorist-financing activities, the State Bank of Pakistan on Monday, issuing new instructions, asked banks not to allow personal accounts for charity purposes. The SBP has also asked banks/DFIs to review all exis
A global meeting on water opened in France on Monday with demands to bring clean water and sanitation to billions in need and to address worsening scarcity and waste. "The challenges are huge and the problems are deep-rooted," French Prime Minister Franco
A global meeting on water opened in France on Monday with demands to bring clean water and sanitation to billions in need and to address worsening scarcity and waste. "The challenges are huge and the problems are deep-rooted," French Prime Minister Franco
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Monday (March 12, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
The Philippines' National Food Authority (NFA) said on Monday that it has set a March 19 tender for permits to import 190,000 tonnes of rice - 38 percent of the approved maximum import volume of 500,000 tonnes for this year. Private importers will be allo
Contracts were lower on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The March vaida that had closed at 768.20 fell by 10 paisa to Rs 768.10. The May vaida which closed at Rs 785.70 fell sharply by 50 paisa to Rs 78
Seedcotton prices fell on the cotton market on Monday as mills and exporters remained on the sidelines after news that Indian ministers to review a restriction on fresh cotton exports, dealers said. The official spot rate was unchanged at Rs 5,300, they s
Vietnam exported 202,000 tonnes, or 3.37 million bags, of coffee last month, up 40.3 percent from a year earlier, Vietnam Customs said, revising up an earlier government estimate of 180,000 tonnes. But the actual loading volume in January-February fell 12
Russian export prices for benchmark wheat eased slightly last week after Egypt bought US origin in a tender as well as on rising competition from neighbouring Kazakhstan, analysts said on Monday. Russian wheat with 12.5 percent protein content slightly we
The Karachi Port handled 204,320 tonnes of cargo comprising1 107,382 tonnes of import cargo and 96,938 tonnes of export cargo including 6,003 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 107,382 t
Indebted telecoms operator Zain Saudi has appointed Fraser Curley as chief executive, its third CEO in six months, as it seeks a first quarterly profit some four years after launching. Curley's appointment came after Zain Saudi, an affiliate of Kuwaiti gr
The European Central Bank showed that its bond-buying programme is on life-support rather than dead as it spent a meagre 27 million euros on government bonds after a three-week pause, ECB data showed on Monday. Traders have said the ECB had stepped in to
The European Central Bank showed that its bond-buying programme is on life-support rather than dead as it spent a meagre 27 million euros on government bonds after a three-week pause, ECB data showed on Monday. Traders have said the ECB had stepped in to
The Asia-Pacific region needs to spend about $40 billion a year to "climate proof" its economies against the impact of global warming, Asian Development Bank vice president Bindu Lohani said Monday. Countries need to undergo "transformational change" to b
Japan's core machinery orders rose at a faster pace than expected in January in a sign that rebuilding the country's tsunami-battered north-east coast could propel capital expenditure and support the fragile economy. Core machinery orders, which help gaug
Britain launched a scheme on Monday to help homebuyers borrow up to 95 percent of the value of a new property, to boost the flagging housing market and construction industry. The 'NewBuy Guarantee' scheme, intended to help first-time buyers and existing h
Squeezed by the twin pressures of satisfying both regulators and clients, the world's top banks are starting to work together on technology projects. More used to fierce competition than friendly collaboration, investment banks vie to offer computer-based
Canada and Brazil are both dealing with upward currency pressure and should work together at Group of 20 talks to promote exchange rate adjustments, Bank of Canada Senior Deputy Governor Tiff Macklem said on Monday. Brazil has been helpful in bringing att
Brazil extended the reach of a financial tax on foreign debt on Monday in yet another attempt to slow an avalanche of dollar inflows that has driven up the value of its currency, threatening a fragile economic recovery. President Dilma Rousseff extended t
Exxon Mobil and Baghdad have reached agreement for the US-based company to be paid in oil for work on the huge West Qurna-1 oilfield, after months of negotiations over contract terms, an Iraqi oil official said. The foreign oil companies involved in Iraq'
The World Trade Organisation's appeal body handed down a final ruling on Monday that found that subsidies and tax breaks to US planemaker Boeing caused serious prejudice to its European rival Airbus. "In completing the analysis, the Appellate Body found t
China will encourage the value of its yuan currency to be set by the market and step back from intervention "in an orderly manner", while keeping policy flexible to support credit growth in the face of volatile capital flows, the central bank said on Mond
India's Kingfisher Airlines said it had to cancel some flights due to "employee agitation on account of delayed salaries", pushing the debt-laden carrier deeper into trouble. The airline said it was operating about 80 percent of its flights, implying that
India's economy will soon return to high growth, the government pledged Monday, as official data showed industrial output expanded at its fastest clip in seven months and car sales surged. President Pratibha Patil told parliament's opening session the eco
Italy is in recession, final data confirmed on Monday, underscoring the difficulties facing Mario Monti's technocrat government as it grapples with a shrinking economy dragged down by austerity measures and a debt crisis. Italy's economy shrank 0.7 percen
Abu Dhabi's two largest property developers lifted the emirate's bourse on Monday as investors cheered the pair's merger talks, while Egypt's Palm Hills dragged down the market after reporting lower revenue. Aldar Properties and Sorouh Real Estate surged
Hong Kong shares reversed early losses to end higher on Monday, powered by a surge in China Mobile, but gains were capped by chart resistance ahead of a slew of corporate earnings this week. China Mobile surged to its highest since August 2009, after HSBC
The S&P 500 and the Nasdaq slipped on Monday as China's economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally. China's trade balance plunged $31.5 billion into the red in Feb
Taiwan stocks ended down 1.1 percent on Monday, joining Asian bourses amid uncertainty of Chinese growth, weighed down by HTC Corp and LCD makers, as investors took profit from their previous gains. The main TAIEX index fell 88.46 points to 7,927.55, afte
Southeast Asian stock markets were weaker on Monday as market players cashed in recent gains in regional big caps on bearish Chinese trade data and awaited signals from a US Federal Reserve meeting on Tuesday. Big name energy shares pulled lower along wit
Japan's Nikkei share average dipped on Monday after breaking above 10,000 to a fresh seven-month high as hedge funds locked in profits following a 3.7 percent rally in the previous two sessions and 17 percent so far this year. The yen's weakening to near
European equities edged lower on Monday, with optimism on the completion of a Greek debt swap quickly giving way to concerns about borrowing levels in other parts of the region, such as Spain, sparking a sell-off in bank shares. The FTSE Eurofirst 300 ind
South Korean stocks fell on Monday, pressured by concerns over China's slowing economy and as strong US jobs data dented expectations of further policy easing by the Federal Reserve. "Investors are feeling a fair amount of discomfort above the 2,000 point
Australian shares fell 0.4 percent on Monday after the biggest Chinese trade deficit in at least a decade underscored concerns that a slowdown in China could hurt the local economy and as strong US jobs data lessened the case for easing by the Federal Res
Britain's blue chip index ended with a small gain on Monday, as profit-taking on mining companies and banks was offset by gains among defensive shares. The FTSE 100 index ended up 5.26 points, or 0.1 percent, at 5,892.75, having traded 90 percent of its 9
The Indian rupee weakened on Monday as dollar needs of local oil companies weighed, but a much stronger-than-expected industrial output data boosted local equities and fund inflow hopes, helping deflect some pressure off the currency. The partially conver
The dollar hit its highest level in nearly a month versus the euro on Monday after last week's upbeat jobs data suggested the US economy may not be in dire need of further monetary stimulus from the Federal Reserve. The euro struggled after facing what tr
The dollar eased against the euro and the yen on Monday, a day ahead of a Federal Reserve meeting and the release of US retail sales data, but losses were capped because the Fed is seen less likely to further ease policy after recent strong jobs data. A l
The dollar hovered near its highest level in nearly a month against the euro on Monday as prospects for the greenback improved after upbeat US jobs data last week made further monetary stimulus from the Federal Reserve less likely. The dollar also hit its
The Swiss franc was steady against the euro on Monday and is seen trading in an ultra-tight range against the single currency ahead of a Swiss National Bank's meeting on Thursday where the SNB is seen reaffirming its commitment to the franc cap. The franc
The Malaysian ringgit and the Singapore dollar led declines in emerging Asian currencies on Monday on views that China may want a weaker yuan and as stronger-than-expected US job data dashed hopes for more easing by the Federal Reserve. China's central ba
The People's Bank of China (PBOC) set the yuan's midpoint against the dollar sharply lower on Monday, the second biggest single-day fall on record and the latest signal that China is willing to let its currency move within a wider range. The central bank
Sterling fell to its lowest in over six weeks versus a firmer dollar on Monday as increased optimism over the US economy boosted the greenback and triggered stop-loss sell orders in the pound, adding weight to a bearish technical outlook. An absence of UK
Interbank buy/sell rates for the taka against the dollar on Monday. 81.75-81.78 (previous 81.75-81.77). Call Money Rates: 11.00-13.50 percent (previous 07.00-14.00 percent).
The Australian and New Zealand dollars nursed losses against their US counterpart on Monday, weighed by uncertainty over China after the world's second biggest economy posted a shocking trade deficit. The Australian dollar shed around third of a cent to $
International Cricket Council (ICC) chief executive Haroon Lorgat has called the ICC World Twenty20 qualifier that begins in the United Arab Emirates (UAE) on Tuesday "the biggest development event in cricket history". It is not an empty boast as 16 teams
New Zealand Cricket (NZC) on Monday dismissed as "baseless" and "irresponsible" a report that some of its players were involved in match-fixing. NZC chief executive David White said the International Cricket Council's anti-corruption unit was investigatin
Lionel Messi played down his impact at Barcelona on Monday, saying coach Pep Guardiola is more important to the Catalans. The Argentine three-times World Player of the Year scored twice at the weekend to move to within five goals of the club's all-time to
Former winners Roger Federer and Rafael Nadal breezed through with straight-set wins Sunday as a flu bug wreaked havoc on the men's and women's draws at the Indian Wells tournament. Reigning Wimbledon champion and WTA Player of the Year Petra Kvitova was
England will remain the world's top-ranked Test team after South Africa could only manage a draw in the opening Test of their New Zealand tour, the International Cricket Council said Monday. England's lead in the rankings was slashed to a single point aft
Ricardo Teixeira, the controversial soccer boss who has headed the Brazilian Football Confederation for 22 years, quit on Monday following a string of corruption scandals. Teixeira also resigned his role as the head of the local organising committee for t
Pakistan cricket team has been fined for maintaining a slow over-rate during its 21 runs victory over Bangladesh in the opening match of the Asia Cup cricket tournament in Mirpur, Dhaka on Sunday. David Boon of the Emirates Elite Panel of International Cr
Desperate to restore their battered reputation after recent debacle in Australia, title holders India would be hoping for a positive start to their campaign in Asia Cup cricket tournament when they take on Sri Lanka here on Tuesday. Pakistan beat hosts Ba
The Punjab Assembly on Monday unanimously passed a resolution demanding quota for special persons in the Senate, National Assembly and provincial assemblies. JUP MPA Ali Haider Noor Khan Niazi tabled the resolution, which stated that a quota should be fix
Following the death of a prisoner of Khairpur jail, Qalandar Bux, on late Monday at Civil Hospital Karachi, family members of the deceased staged protest at main Numaish Chowrangi along with the dead body, which created severe gridlock on Shahrah-e-Pakist