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 Thursday (May 24, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Jordan's state grains buyer has purchased 50,000 tonnes of optional-origin wheat in a tender for 100,000 tonnes which closed on Thursday, European traders said. Trader Sarles Overseas was said to have made the sale at $288.75 a tonne c&f for shipment in t
Small business was seen on the wholesale grain and seed market on Thursday as many buyers were on the sidelines mainly because of higher prices, dealers said. On the cereal side moong Australia gained Rs 200 to Rs 7700, wheat old Bardan and wheat new Bard
The Karachi Port handled 38,251 tonnes of cargo comprising 11,529 tonnes of import cargo and 26,722 tonnes of export cargo including nil loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 11,529 tonne
ICE Canadian canola futures fell on Wednesday on spillover pressure from US soyabeans, led lower by old-crop canola. July-November narrowed in to a July premium of $45 on long liquidation, trading 2,754 times. Doubts about new measures to tackle the euro
The May vaida was sharply down and the July contact, however, was slightly up on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The May vaida that had closed at Rs 785.00 commenced with a steep decline of Rs 2.00 at
Lack of buying interest pushed spot rate further down on the cotton market on Thursday in process of thin business, dealers said. Official spot rate was lowered by Rs 100 to Rs 5,700, they added. In ready business nearly 2500 bales of cotton changed hands
With increasing uncertainty of the global economic health and the Eurozone woes continuing to enlarge and expand, most commodities prices fell sharply with cotton being no exception. On last Wednesday, raw cotton futures (ICE) on the New York market fell
With increasing uncertainty of the global economic health and the Eurozone woes continuing to enlarge and expand, most commodities prices fell sharply with cotton being no exception. On last Wednesday, raw cotton futures (ICE) on the New York market fell
International institutions will oversee an audit of Spain's banks aimed at reassuring investors that bailout costs will not spiral as the prospect of new Spanish borrowing threatens to further inflame the euro zone crisis. Spain's weak banks and overspend
A slump in construction output drove Britain even deeper into recession than initially thought in the first quarter of this year, raising the chance the Bank of England will inject more cash to prop up the faltering economy. More is also expected to be ne
Mastercard lost a challenge to an EU ban on its cross-border card fees in a ruling that puts rival Visa Europe squarely in the sights of European regulators over its charges. Europe's second-highest court on Thursday upheld a 2007 decision by the European
Banks took almost 4 billion euros of overnight ECB loans on Thursday, the highest since a Greek debt restructuring-fuelled jump in mid-March and dovetailing with Greek banks being cut off from mainstream ECB funding. Banks are usually reluctant to use the
The number of Americans filing new claims for jobless benefits dipped last week and factory activity grew but at a slower pace in May, indicating the economy was plodding along despite growing headwinds from Europe. Though Thursday's economic reports were
Raising fresh funds for growth by issuing more debt in the shape of eurobonds will not solve and only exacerbate the bloc's problems, German Chancellor Angela Merkel said on Thursday. "It makes no sense to want to fix everything with eurobonds or other si
Raising fresh funds for growth by issuing more debt in the shape of eurobonds will not solve and only exacerbate the bloc's problems, German Chancellor Angela Merkel said on Thursday. "It makes no sense to want to fix everything with eurobonds or other si
Moody's restated its negative outlook on France's top-notch credit rating on Thursday, saying after Francois Hollande's May 6 presidential election win that it needed more time to assess how France will manage its public finances in a time of anaemic grow
Fidelity Investments said it was working with 'thousands' of brokerage clients affected by trading issues that have engulfed Facebook Inc's much-anticipated initial public offering, according to a source familiar with the situation. The social media site'
India's opposition parties Thursday threatened countrywide protests against a steep hike in the price of petrol while a key ally has demanded a reduction. State oil retailers at midnight Wednesday raised the price of petrol by 11.5 per cent, the steepest
Google won a major victory on Wednesday as jurors sided with the Internet giant in a high-stakes court battle over patents with business software titan Oracle. In a unanimous decision, 10 jurors agreed that Oracle had failed to prove its claims that Googl
China said Thursday that several US policies supporting the American renewable energy industries violate World Trade Organisation rules. Six different measures introduced by the US government in the renewable energy sector are in breach of WTO regulations
Bangladesh has lifted its three-year ban on exports of aromatic rice with immediate effect in the face of falling domestic prices after a record harvest, Food and Disaster Management Minister Mohammed Abdur Razzaque said on Thursday. The end of the ban, i
Exports from Switzerland fell for the second month in a row in April as the strong Swiss franc took its toll and European demand shrank, with even sales of watches setting a less scorching pace. Exports fell a real 3.9 percent to 15.23 billion Swiss franc
Gulf markets extended declines in muted pre-weekend trade on Thursday on worries over a possible Greek exit from the eurozone, while Egypt's bourse climbed further on the second day of presidential elections. Abu Dhabi's benchmark snapped a three-day rall
Japan's Nikkei average bounced to a modest gain on Thursday after a last-minute rally, likely triggered by a bout of short-covering in low volume by short-term investors as long-term market players stood still amid euro zone uncertainty. The Nikkei inched
US stocks slipped on Thursday on ongoing concerns about Greece's possible exit from the euro zone, while tepid data on the US economy gave investors little reason to take risk. Declines in technology stocks, led by a nearly 15 percent drop in NetApp Inc,
US stocks staged a late-day reversal on Wednesday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. The action shortly before the market's close was a mi
Thai stocks bounced on the back of data showing strong lending growth for large-cap banks, but shares elsewhere in south-east Asia were mixed on Thursday as investors fretted over the wider impact of the euro zone's debt crisis. The Thai main SET index en
US Treasuries prices rose on Wednesday as concerns over repercussions from a possible Greek exit from the euro zone increased demand for safe haven US debt. Euro zone officials have told members of the currency area to prepare contingency plans in case Gr
US Treasuries prices rose on Wednesday as concerns over repercussions from a possible Greek exit from the euro zone increased demand for safe haven US debt. Euro zone officials have told members of the currency area to prepare contingency plans in case Gr
India's main index rose 1.7 percent on Thursday, its biggest percentage gain in nearly two months, after a steep hike in petrol prices boosted oil stocks such as ONGC by kindling hopes of similar hikes in other fuels such as diesel. More broadly, it was a
Hong Kong shares closed at their lowest level in nearly five months after tepid results of a private survey on Chinese industry did little to tempt nervous investors back into the market. The Hang Seng Index ended 0.6 percent down at 18,666.4, the lowest
Investors snapped up heavily sold-off European equities on Thursday, betting that weak economic data could prompt stimulus from central banks, but with the Greek crisis still unresolved the rally was seen short-lived. Eurozone purchasing managers indices
Seoul shares closed slightly higher on Thursday as most investors stayed on the sidelines, waiting to see how the Greek crisis pans out, while foreign investors exited for a 17th straight session. Foreigners dumped a net 263 billion won ($224.3 million) w
Australian shares fell 0.3 percent on Thursday, unable to sustain early gains as the twin uncertainties of how Europe will fix its debt crisis and just how much China's economy will slow worrying investors. Data showed factories in China, the major destin
Britain's benchmark share index recovered on Thursday from stinging losses during the previous session as bargain hunters snapped up beaten-down financial and commodities stocks, although traders said any rally could prove short-lived. The blue-chip FTSE
The yuan hit its highest level against the euro in a decade in late trade on Thursday, but it fell to the lowest value against the dollar this year as investors sought a safe haven from the euro zone's intensifying debt and political crisis.
The Indian rupee posted its first gain against the dollar in four sessions on Thursday, recovering from a new record low earlier in the session, after the central bank governor did not rule out selling dollars directly to oil importers.
The euro hovered just above its 22-month low against the dollar on Thursday and remained vulnerable to further declines as the prospect of a Greek exit from the eurozone kept investors on tenterhooks. The euro eased 0.1 percent to $1.2574. It fell to abou
The euro hit a near two-year low against the dollar on Thursday after dire German economic data suggested no country in the region was immune from crisis, alarming investors already fretting over the risk that Greece will leave the eurozone. A weaker-than
The euro surrendered gains against the dollar in volatile trading o n Thursday as investors positioned ahead of a long US holiday weekend amid concerns about Greece's possible exit from the euro zone. The euro was last down 0.1 percent at $1.2569 between
The euro slumped to its weakest against the dollar in nearly two years on Wednesday on doubts that a meeting of European leaders would calm fears of a disorderly Greek exit from the eurozone. Investors piled money into safe-haven instruments, driving the
Interbank buy/sell rates for the taka against the dollar on Thursday. 81.88-81.90 (previous 81.87-81.88). Call Money Rates: 9.50-15.00 percent (previous 9.50-15.00 percent).
Emerging Asian currencies fell on Thursday, with the South Korean touching a five-month low, as investors sought refuge in the greenback on mounting worries of a potential Greek exit from the eurozone. Signs of slowing growth in key economies such as Chin
Sterling edged up from a two-month low against the dollar on Thursday as some investors booked profits on bearish bets, although expectations of further monetary easing after the UK economy shrank more than first thought could keep a lid on gains.
The dow
South Africa's Ernie Els gave his fellow professionals a lesson in how to play his course as he took an early lead at the PGA Championship here at Wentworth on Thursday. Els, responsible for re-designing Wentworth's course over the last three years, finis
Australian cricketer Luke Pomersbach is to be cleared of accusations that he molested a woman and beat up her fiance in India, his lawyer said on Thursday. Ajay Bhargava said that an out-of-court deal had been reached between the two parties and that no f
Kevin Pietersen was fined an "undisclosed sum" by the England and Wales Cricket Board (ECB) on Wednesday following a Twitter attack on former England batsman Nick Knight. Last week, England batting star Pietersen took to Twitter to question the credential
England captain Andrew Strauss has warned his side to expect more difficult days ahead as they seek to wrap up a series victory over the West Indies. Strauss's men go into the second leg of a three-match series, which gets underway at Trent Bridge here on
Referees are routinely criticised for having poor eyesight, lacking fitness and getting decisions wrong but FIFA medical experts want whistlers tested for performance-enhancing drugs. Top class and international match officials are already subject to stri
A Kenyan player is under investigation for fixing two 2011 World Cup matches including Kenya's huge loss against Pakistan, the International Cricket Council and Kenyan officials said on Thursday. Cricket Kenya (CK) chief executive Tom Sears said the ICC w
Serena Williams and Maria Sharapova, two players better known for their hardcourt and grasscourt abilities, are the form players going into the climax of the claycourt season at the French Open. Between them they won the four main leadup events on the sur
Rafael Nadal could become the first man to win seven Roland Garros titles, but Novak Djokovic and a rejuvenated Roger Federer are braced to slam the door shut on the Spaniard's history-making campaign. Ever since the early, members-only French championshi
A tennis racket stuffed with electronic sensors capable of tracking a player's every slice, spin and smash made its public debut at the French Open on Thursday. Tennis stars Rafael Nadal and Jo-Wilfried Tsonga were among those who tested the racket, made
French striker Nicolas Anelka Thursday denied threatening to quit Shanghai Shenghua and pledged to stick with the Chinese club as it pursues the signature of his ex-Chelsea team-mate Didier Drogba. Anelka blamed a communications breakdown after a Chinese
Sri Lanka on Thursday announced separate Twenty20 and one-day squads for the home series against Pakistan starting next month. Pakistan and Sri Lanka will play two Twenty20 games in southern Hambantota on June 1 and 3, followed by five one-day internation
Pakistan defeated Argentina 4-2 in the opening match of the 21st Sultan Azlan Shah Hockey Cup in Ipoh, Malaysia on Thursday, while in the second match a depleted New Zealand thrashed India 5-1. Asian champions Pakistan led at halftime against Argentina th
An estimated 18 million people across West Africa's Sahel region need urgent help as a result of the worsening regional food crisis, United Nations humanitarian chief Valerie Amos said Thursday. "People are in a weakened state," Amos said in Dakar, follow
Nearly 500 people were seized by police across Asia over an $11.5-million telecom scam targeting people in China, state media said on Thursday. Most of the 482 people held were from China and Taiwan. They were arrested there and in Thailand, Malaysia, Ind
Five fire-fighters and two crew members suffered minor injuries in a blaze aboard a US attack submarine at a shipyard in Maine, the Navy said Thursday. The fire broke out late Wednesday afternoon in a forward compartment of the USS Miami, a Los Angeles-cl
India has given the go-ahead for the disposal in Germany of toxic waste from a chemical plant in Bhopal, the site of the world's worst industrial disaster, officials said Thursday. A gas leak at the Union Carbide Corp plant in the capital of the central s
Iran has the "absolute right" to uranium enrichment, Tehran's chief negotiator at talks in Baghdad with world powers, Saeed Jalili, said on Thursday. Peaceful nuclear energy and uranium enrichment is our "absolute right," Jalili told a news conference. En
Jordan's MPs on Thursday gave their vote of confidence to Prime Minister Fayez Tarawneh, who faces a tough challenge to offset a huge deficit and hold elections to meet reform demands. The vote was 75-31, with four abstentions and 10 MPs absent from the 1
The famously private Neil Armstrong, the first man to walk on the moon, has been coaxed into giving a rare interview - with an Australian accountant. The 82-year-old has long been reluctant to discuss the 1969 mission that enthralled the world, and has gr
Police in Myanmar were accused of beating and detaining protesters on Thursday as they broke up the country's first major demonstrations in years. The spreading rallies against power cuts, the first protests since a deadly crackdown on monk-led demonstrat
Security officials from five African states have pledged to step up co-operation to control the flow of small arms after a UN-backed conference. Ministers of interior and security from Libya, Chad, Sudan and Central African Republic, as well as a provinci
Millions of Egyptians, choosing their leader freely for the first time in their history, voted on Thursday in a fraught contest between Islamists and former officials of President Hosni Mubarak who was toppled in a popular uprising last year. After six de
Tens of thousands of people marched in Mexico's second most populous city Wednesday, angry at the inability of authorities to end a crime wave blamed on the country's powerful drug cartels. Students, community leaders and local citizens marched in Guadala
Secretary of State Hillary Clinton said US experts scored a cyberwarfare coup by hacking into websites run by al Qaeda's Yemeni branch and changing the message to undermine their propaganda. In a speech in Tampa, Florida late Wednesday, Clinton said the s
Iran's navy said Thursday it saved an American-flagged cargo ship that was being attacked by pirates in the Gulf of Oman. An Iranian warship responded to a distress signal from the US-flagged Maersk Texas, a cargo ship of 150 metres (500 feet) and 14,000
Cotton futures settled higher Thursday on speculative short-covering as they rebounded from ending previously at a 2-1/4-year low, but analysts said the market remained vulnerable to further losses due to a shaky outlook for the global economy. Benchmark
The most active September copper contract on the Shanghai Futures Exchange closed up 0.3 percent to 55,150 yuan ($8,700) per tonne on Thursday. The total open interest in Shanghai copper contracts stood at 584,278 lots, after the exchange double-counts th
Copper firmed a little on Thursday after sinking to a 4-1/2 month low in the previous session, cushioned by hopes for policy easing in China, though gains were kept firmly in check by downbeat manufacturing data from across the globe, and by Europe's wors
Crude futures rose on Thursday, rebounding from the previous session's slump as investors fretted about potential disruptions to Middle East oil supplies after talks between world powers and Iran over its nuclear program ended with no agreement.After seem
Tokyo rubber futures briefly slid almost 4 percent to revisit a four-month low on Thursday on worries Europe's debt crisis could hurt demand, but the market trimmed some losses by the close as limited supply in the physical market lent support. The benchm