The dollar was slightly higher against the rupee on the open market on Saturday, dealers said. The dollar inched up as the rupee shed five paisa versus the greenback for buying and selling at 91.00 and 91.20, they said. The rupee retained its levels again
The dollar was slightly higher against the rupee on the open market on Saturday, dealers said. The dollar inched up as the rupee shed five paisa versus the greenback for buying and selling at 91.00 and 91.20, they said. The rupee retained its levels again
A large Brazil coffee harvest will keep coffee futures prices in a range of $1.80 to $2 per lb for the next six months at least as the market eyes a large Brazil harvest, the head of Italian coffee roaster Illycaffe said in Sao Paulo on Thursday.
No business activity was seen on the cotton market on Saturday as all the major commercial centres were closed in Karachi, on strike call given by traders against extortion, brokers said on phone. No official spot rate was issued by the Karachi Cotton Ass
ICE Canadian canola futures edged higher on Friday and touched a fresh six-month top, registering a sixth straight weekly gain. Canola rose late in the session, riding spillover support from higher soybeans and crude oil, after profit-taking pressured the
All the major commercial centres including wholesale grain and seed markets were closed in Karachi on Saturday, on the strike call given by traders against extortion, so, prices held the overnight levels and market will open on Monday.
Poor autumn and winter crop conditions in Russia's key southern wheat export regions have threatened yields and could reduce Russia's export potential in the coming crop year, a top Russian grain analyst said on Thursday. Unusually warm temperatures in De
Heavy rains in the first quarter will lead to a 60 percent slump in Indonesia's cocoa bean output compared to a year ago, an industry group said on Wednesday, although the full-year figure is likely to show a near 10 percent increase. Wet weather wreaked
Soyabean export premiums at the US Gulf Coast were mostly steady on Friday amid a lull in demand from top importer China, although port congestion in South America may support further demand for old-crop US soya in coming weeks, traders said.
Ukraine could increase its grain exports to about 35 million tonnes by 2019 from about 20 million in the current season by boosting both the sowing area and yields, a large foreign grain trading house said on Wednesday. Ivan Miroshnichenko, Black Sea regi
Cuba met its raw sugar export commitments through February and expects to do so this month despite a 106,000 tonne shortfall in production since the harvest began, official media said on Friday. The Communist party daily, Granma, said plans to produce 1.4
Early-planted corn in global No 2 exporter Argentina was pummelled by a December-January drought, but later-seeded fields have since been enlivened by regular rains, the government said on Friday. Dry, hot weather that blighted the Pampas during the dog d
The Karachi Port handled 145,389 tonnes of cargo comprising1 109,551 tonnes of import cargo and 35,838 tonnes of export cargo including 6,239 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 109,551
Sugar output from Brazil's new 2012/13 center-south cane crop was forecast at 33.88 million tonnes, up 9 percent from 31.2 million tonnes in the current crop, crop analysts Datagro said on Thursday in their first estimate of the upcoming harvest.
Corn spot basis bids fell for the fifth straight day at river terminals around the US Midwest on Friday while bids for the grain were also weak at elevators in the region, pressured by an increase in country sales and better supplies in the export pipelin
The fall in gold prices has prompted one or more central banks to buy as much as four tonnes of bullion in recent weeks, according to an industry source and a Financial Times report on Friday. The purchases, worth about $250 million at current prices, wer
The US Department of Defence awarded UnitedHealth Group a nearly 6-year contract on Friday worth close to $20.5 billion to provide military health insurance coverage for its western region program. The contract covering the 21-state region had been held s
About 1,700 Ford Motor Co's workers accepted early retirement buyouts that were offered last fall as part of the No 2 US automaker's labour contract with the United Auto Workers union, a Ford spokeswoman said on Friday. About 920 of those who accepted the
China faces increased constraints from sources of labour and raw materials and must accelerate structural adjustments to sustain growth, the country's top statistician said on Saturday, joining the chorus of calls for faster economic reforms. The world's
US President Barack Obama called on Saturday for an end to America's dependence on foreign energy sources - and to the multi-billion-dollar subsidies given each year to oil companies. "What we can't do is keep being dependent on other countries for our en
US energy giant ExxonMobil has told the Iraqi oil ministry that it has "frozen" its controversial contract with the country's autonomous Kurdish region, a government official told AFP on Saturday. The regional government denied that claim, saying official
The US Federal Reserve bank said on Friday it had made mistakes in calculating bank losses in stress test results released this week. But the Federal Reserve noted the revisions - which affect Citigroup, Bank of America, and three others - have no effect
Britain hopes to unlock billions of pounds of investment in its North Sea oil fields by offering energy companies a guaranteed level of tax relief for when they eventually close their oil platforms, a Treasury source said on Friday. Finance minister Georg
The United Arab Emirates' central bank has directed lenders in the Gulf state to help reduce the debt burden of UAE nationals, with some bankers saying banks may have to write off certain personal loans. The central bank, after a review of personal loans,
The primary advocate group for former MF Global customers is undertaking an effort to convert the commodities broker's bankruptcy status to one that allows a more streamlined liquidation process, saying it would preserve more potential payback for custome
Greece has "little if any margin" for slippage on reforms under its new bailout program, according to IMF documentation for its loan to Athens released Friday. The International Monetary Fund, which decided a new 28 billion euro loan for Greece on Thursda
The International Monetary Fund on Saturday urged donors to meet their aid pledges to the Palestinian Authority, warning that unless funding was forthcoming it would be forced to cut public wages and social benefits to address a deepening fiscal crisis.
Investment bank J.P. Morgan tried to contain damage to Wall Street's reputation on Thursday by telling staff not to try to profit from rival Goldman Sachs' embarrassment over a vitriolic resignation letter published in the New York Times. Equity derivativ
Bulgaria's anti-monopoly commission said four oil companies operating in the Balkan country, including the Bulgarian unit of Russia's LUKOIL , had been involved in cartel agreements on fuel prices. The Commission for Protection of Competition said on Frid
China's fifth-largest lender, Bank of Communications Co Ltd, will raise $8.9 billion to meet tighter capital requirements by placing shares with existing shareholders such as HSBC and the country's finance ministry. China is set to see a flurry of fund-ra
Payroll job growth in Brazil's economy plummeted in February from a year earlier, as a broad economic slowdown forced employers to slow hiring. Manufacturers, farmers and retailers added a net 150,600 payroll jobs in February, down 57 percent from a year
As the first G7 country to purchase Chinese government debt, Japan is gambling that its $10 billion investment will yield greater insight into Chinese currency policy in addition to one benefit already bagged - reduced upward pressure on the yen. How Beij
The Kenyan shilling is seen firming against the dollar in the next week to Thursday, while the Ugandan shilling and Nigerian naira is expected to weaken, traders said.
Sri Lanka's rupee currency will recover substantially due to dollar inflows into the island nation's stocks, government securities, banks, and a hotel project, Central Bank Governor Ajith Nivard Cabraal said on Friday. The rupee hit a record low of 125.30
Sri Lanka's rupee hit a new record low of 125.60 on Friday due to importer dollar demand despite a large dollar inflow to fund a block deal in the stock market. The rupee closed at 125.55/70 a dollar, down from Thursday's close of 125.10/30. Three dealers
The dollar slumped broadly on Friday, halting a rally that had taken it to an 11-month high against the yen and a one-month peak versus the euro, but a dearth of significant economic data in the near term could restore the greenback's strength.
Canada's dollar ended flat against the greenback on Friday, but fell with the US dollar against other major currencies as US and Canadian economic data disappointed the market. The US dollar's drop halted a rally that had taken it to an 11-month high agai
Currency speculators increased bets against the Japanese yen in the latest week to their highest in nearly five years, according to data from the Commodity Futures Trading Commission released on Friday. Yen net shorts surged to -42,380 contracts, their la
Investors have turned bearish on the Chinese yuan for the first time in nearly two years, while becoming pessimistic on the Indian rupee and the Indonesian rupiah and cutting bets on other Asian currencies, a Reuters poll showed. The survey of 10 currency
Latin American foreign exchange rates were little changed on Friday as doubts arose over the world economy's ability to sustain currency rallies in Mexico, Chile and Colombia. In Brazil a more than two-week slide eased. The declines came after the governm
Wigan's miserable home record continued on Saturday as the relegation-threatened side were held to a 1-1 draw by West Bromwich Albion at the DW Stadium. With only two Premier League fixtures scheduled on Saturday, Roberto Martinez's men could have climbed
Everton came from behind to earn a 1-1 draw with Sunderland in the two Premier League teams' FA Cup quarter-final at Goodison Park on Saturday. A frenetic first half saw Sunderland take an early lead through fullback Phil Bardsley before Everton levelled
Australia maintained their six-year unbeaten run against the West Indies when they cantered to a 64-run victory in the first one-dayer on Friday after the home side suffered an embarrassing batting collapse. Chasing a modest 205 target, West Indies, who h
Former cricketing greats and fans in Pakistan paid tribute Saturday to Indian batting superstar Sachin Tendulkar after he became the first player ever to score 100 international centuries. "It is a great achievement which other players of his era and thos
The top two women in the world reached the Indian Wells final Friday as Victoria Azarenka eased through in straight sets while Maria Sharapova advanced when her opponent retired with an injury. World number one Azarenka extended her season-long match win
England made a winning start to their tour of Sri Lanka by defeating the Board XI by an innings and 15 runs on the final day of the three-day match in Colombo on Saturday. The tourists, who declared their first innings at the overnight total of 303-8, a l
Annual sports festival of Post Graduate Medical Institute (PGMI) was held on Saturday at Punjab Stadium. Professor Dr Tariq Salahuddin, Principal PGMI and LGH, inaugurated the sports event which was participated by more than 200 players who were mostly do
Vernon Philander produced the best figures of his remarkable early career for South Africa to wrap up the second Test against New Zealand by nine wickets inside three days on Saturday. The tourists needed just 20 overs to reach the 101-run target in Hamil
Having won both of its Asia Cup matches in Bangladesh, Pakistan will have an edge against arch-rival India, when the two teams will come face to face on Sunday. "Pakistan has won both of its Asia Cup matches and therefore their morale would be high," form
Stung by the upset defeat against minnows Bangladesh, India will be under immense pressure when they go into their must-win last Asia Cricket Cup league match against arch-rivals Pakistan on Sunday with bowling in slog overs continuing to be a big worry.
Punjab University Syndicate meeting held on Saturday at the committee room of Vice Chancellor. The meeting summoned former PU Dean Professor Dr Qari Mughees uddin Sheik and ICS Director Professor Dr Ahsan Akhtar Naz who were served show-cause notices.
Raja Riaz has criticised Chief Minister Punjab Shahbaz Sharif for not attending joint parliamentary session for Presidential address and termed it equal to 'mental sicknesses'. Addressing a press conference at the Punjab Assembly cafeteria, the Opposition
University of Agriculture Faisalabad (UAF) organised a milk competition in connection with its ongoing six-day Spring Festival. The competition set a new record. According to results, Qumber Maqbool from SB Dairy Farm clinched the first position with 51.8
Thousands of peasants, workers and students from across the Punjab marched through the city on Saturday demanding a transformation of the national security state into a people's welfare state and a reformed electoral system.
Pakistan Industrial and Traders Associations Front (PIAF) has expressed solidarity with the business community of Karachi against extortions and urged the government to take a decisive action against the extortionist who are not only spoiling the business
Jamaat-e-Islami (JI), Ameer, Syed Munawar Hasan, has termed that President Zardari's claims of establishing supremacy of the constitution and the law, containing inflation and devising new plans to overcome energy crisis, as totally false and a trickery o
The University of Veterinary and Animal Sciences (UVAS) and World Engagement Institute (WEI-USA) have entered into a partnership to prepare a programme of educational collaboration through wireless communication. The MoU was signed on Saturday by UVAS Vic
Commissioner Lahore Division Jawad Rafique Malik has rejected the proposals of restoration of Pak Tea House on the pattern of British style and issued instructions for evolving a new project within three days for revival of Pak Tea House in accordance wit
Low pressure gas supply affected production of textile industries by 30 percent in Lahore and Sheikhupura zones, said industry sources on Saturday. According to the industry sources, the gas pressure remained dismal low due to rise in demand with drop in
State-run Saudi utility Saline Water Conversion Corp (SWCC) plans to nearly double energy-intensive desalinated water production to almost 6 million cubic metres per day by the end of 2015, its governor said on Saturday. SWCC now produces 3.3 million cubi
Russian billionaire Viktor Vekselberg's Sual Partners, holder of a 15.8 percent stake in aluminium giant UC RUSAL, said the appointment on Friday of Barry Cheung as RUSAL's chairman was not in the long-term interests of the firm. Vekselberg quit as RUSAL
Indian media on Saturday slammed the embattled Congress government's budget that eschewed bold reforms and opted for modest steps to rein in the deficit, describing it as "low on vision". Newspapers said the budget presented by Finance Minister Pranab Muk
The heads of four leading airlines have warned the British government there could be chaos at London's airports during this summer's Olympic Games, which would cause major embarrassment to the country unless a deal can be reached over their concerns. In a
Bolivia plans to issue up to $500 million in global bonds in the first half of the year in the Andean country's first international debt sale in more than 90 years, Economy Minister Luis Arce said on Friday. Proceeds from the sale will go toward the $17 b
Bolivia plans to issue up to $500 million in global bonds in the first half of the year in the Andean country's first international debt sale in more than 90 years, Economy Minister Luis Arce said on Friday. Proceeds from the sale will go toward the $17 b
Japanese government bonds staged a rebound on Friday with futures bouncing back from an eight-month low while cash bonds drew support from bargain hunting as stocks paused after their recent surge. JGBs were also supported by the minutes of the Bank of Ja
Japanese government bonds staged a rebound on Friday with futures bouncing back from an eight-month low while cash bonds drew support from bargain hunting as stocks paused after their recent surge. JGBs were also supported by the minutes of the Bank of Ja
US-listed shares of foreign companies rose on Friday to close their best week in four, led by European stocks as their regional benchmark reached an eight-month high. The FTSEurofirst 300 index of top European shares rose for a fourth straight day to clos
China Molybdenum Co, Ltd, the country's top miner of the metal, has applied for a share offering in Shanghai worth roughly $600 million to help it expand its processing facilities. China Molybdenum said it aimed to sell up to 542 million shares in Shangha
As the first Chinese company to tap the US stock market since last August, online discount sales site Vipshop faces a tough challenge - restoring confidence in a sector rocked by accounting scandals and slow growth. The company, which sells designer goods
Latin American stocks edged higher on Friday after weaker-than-expected US economic data undermined confidence that the outlook for the world's largest economy is improving. The MSCI Latin American stock index added 0.16 percent, gaining 0.44 percent for
US Treasuries prices fell for an eighth consecutive day on Friday and yields touched four-month highs as optimism the economic recovery was gaining momentum undermined the safe-haven allure of US government debt. Investors have been selling Treasuries and
US Treasuries prices fell for an eighth consecutive day on Friday and yields touched four-month highs as optimism the economic recovery was gaining momentum undermined the safe-haven allure of US government debt. Investors have been selling Treasuries and
The Turkish lira fell against a strong dollar on Friday, holding above recent lows after the central bank cut the size of its repo auctions and signalled it might narrow its interest rate corridor, which boosted bonds. Istanbul's main stock index was 1.04
Toronto's main stock index jumped on Friday as shares of Astral Media soared on news that BCE Inc will buy the media company for C$3 billion. The parent of Bell Canada said on Friday it has agreed to acquire Astral, its largest content provider, in a deal
India's auction of unused limits that allow foreign institutional investors (FIIs) to buy long-term government bonds and corporate bonds was oversubscribed, mirroring the global interest in picking up the current high bond yields on offer. The price inves
India's auction of unused limits that allow foreign institutional investors (FIIs) to buy long-term government bonds and corporate bonds was oversubscribed, mirroring the global interest in picking up the current high bond yields on offer. The price inves
The S&P 500 closed out its best week in three months with a slim gain on Friday as investors continued to propel equities near four-year highs. Two slightly softer economic reports curbed broader gains, keeping both the Dow and the Nasdaq in modestly nega
Venezuela's Hugo Chavez flew home on Friday after cancer surgery in Cuba, vowing to conquer the illness and win an October presidential election despite the need for radiation treatment. "Who said the path was going to be easy?" said Chavez, 57, in an emo