The rupee-dollar parity was unchanged on the open market on Saturday in process of slow trading, dealers said. The rupee maintained its overnight levels against the dollar for buying and selling at 94.60 and 94.80, they said. While, the rupee continued it
The rupee-dollar parity was unchanged on the open market on Saturday in process of slow trading, dealers said. The rupee maintained its overnight levels against the dollar for buying and selling at 94.60 and 94.80, they said. While, the rupee continued it
HCFCs are a group of ozone-depleting substances (ODS) controlled under the Montreal Protocol on Substances that Deplete the Ozone Layer. HCFCs were found to have a negative effect on the earth's stratospheric ozone layer which protects humans, animals and
Protecting our atmosphere for generations to come: On 16 September 1987, twenty four Parties signed the Montreal Protocol on Substances that Deplete the Ozone Layer. In 1998, in recognition of the Protocol's unique accomplishments, the General Asse
What is Ozone? Ozone is a natural, colourless gas made up of oxygen (O3) which is very active. Ozone also forms a gaseous layer, mostly in the stratosphere (the upper atmosphere) 15-30 km above the surface of the earth, and protects like on earth b
The December vaida was down and the January contract was unchanged on the forward cottonseeds oilcake market on Saturday in process of trading, dealers said. The December vaida closed at Rs 446.90 and it commenced with a fall of 70 paisa at Rs 446.20, the
Spot rate drifted lower on the cotton market on Saturday as phutti arrivals accelerated into the ginneries, dealers said. Official spot rate was down by Rs 50 to Rs 5600, they said. In the ready business, over 4000 bales of cotton changed hands between Rs
Bears dominated the wholesale grain market on Saturday in the process of modest trading, dealers said. Most of the changes were seen on the seeds side, where castorseeds Lasbela gained Rs 50 to Rs 1900-1950, castorseeds Sindh low type was up by Rs 75 to R
Spot basis bids for corn and soyabeans showed mixed changes in the interior US Midwest on Friday as the corn harvest expanded and some farmers began cutting soyabeans, grain dealers said. The biggest move was in the soyabean basis at Lafayette, Indiana, w
Brisk trade in Brazilian arabica took place in Europe's cash coffee market this week as a sharp rise in futures made producers more willing to sell, dealers said on Friday. "I think there were improved export offers from Brazil this week with the rise in
Farmgate cocoa prices in the world's fifth-largest grower, Cameroon, rose as much as 10 percent by mid-September in some areas compared with the previous month due to increased demand and better growing conditions, officials said on Friday. In the main co
A cargo volume of 22,749 tonnes comprising 16,671 tonnes of import cargo and 6,078 tonnes of export cargo inclusive 627 loaded & empty containers (TEUs) was handled at Port Qasim during last 24 hours on Saturday. The total import cargo of 16,671 tonnes in
Wheat export premiums at the US Gulf Coast edged higher on Friday, even as demand for high-priced US grain remained muted, traders said. Weakness in the US dollar made US grain more attractive to foreign buyers, as the dollar fell under pressure from the
Floods could wipe out most of Niger's main rice harvest this year as rain-swollen rivers rose to 50-year highs across West Africa, spreading devastation, a regional official said. At least 81 people have been killed in Niger since annual rains caused floo
The European vegetable oil market rose on Friday after the US Federal Reserve launched a new round of aggressive economic stimulus, which sent agricultural futures, mineral oil and equities up. "Fed decided to pump some 40 billion dollar per month in buyi
US natural gas futures ended lower for a second straight day on Friday, hit by profit-taking before the weekend and fairly mild extended weather forecasts that have raised the odds that storage builds will pick up sharply in coming weeks. With inventories
France is to maintain a temporary ban on the cultivation of genetically modified crops, Prime Minister Jean-Marc Ayrault said on Saturday, dealing a blow to farmers and seed companies who say the move is unjustified and economically harmful. The ban, whic
Deutsche Bank should introduce a cap for top salaries, and staff do not need to earn double-digit million euro amounts, Werner Wenning, a member of Deutsche Bank's supervisory board, told Frankfurter Allgemeine Sonntagszeitung. The demands by Wenning, a m
Egypt said on Saturday it is to receive $2 billion in aid from Turkey to support its economy which has been beset by serious difficulties since the 2011 uprising that ousted former strongman Hosni Mubarak. Ankara will offer "an aid package to Egypt worth
Citibank is fighting claims the bank "fraudulently induced" former Dewey & LeBouef partners into signing up for a loan program that financed their capital in the failed law firm, despite knowing of Dewey's dire financial situation.
Recently nationalised Argentine oil firm YPF announced Friday it has signed an agreement with US energy giant Chevron to explore and develop shale oil and gas in the Vaca Muerta reserves of southern Argentina. YPF signed a memorandum of understanding with
EU refineries are not investing fast enough to shift the balance to diesel production as the US appetite to mop up surplus gasoline starts to wane, a draft Commission document seen by Reuters said. The European Union's refining sector has struggled agains
The highest court in the state of Washington recently ruled that a company that has foreclosed on millions of mortgages nationwide can be sued for fraud, a decision that could cause a new round of trouble for the nation's banks. The ruling is one of the f
The highest court in the state of Washington recently ruled that a company that has foreclosed on millions of mortgages nationwide can be sued for fraud, a decision that could cause a new round of trouble for the nation's banks. The ruling is one of the f
Lufthansa management will present a strategy update to the supervisory board on Wednesday including plans for a new European low-cost airline, WirtschaftsWoche said in an advance extract of its Monday edition. A spokesman for Lufthansa declined to comment
Apple did not violate patents owned by Samsung Electronics in making the iPod touch, iPhone and iPad, a judge at the International Trade Commission said in a preliminary ruling on Friday. Apple and Samsung have taken their bruising patent disputes to some
Indian Prime Minister Manmohan Singh warned that a prolonged policy logjam could slow economic growth to 5 percent, a day after India unexpectedly unveiled long-delayed reforms aimed at reviving growth and preventing a credit-rating downgrade.
German reticence over how fast to centralise banking supervision in Europe stoked tensions with France on Saturday, which urged prompt implementation of a plan designed to tackle the financial crisis and help underpin the single currency. The reform, whic
Japanese policymakers threatened on Friday to intervene in the currency market and piled fresh pressure on the central bank to ease monetary policy to support the export-reliant economy, after the US Federal Reserve's bold stimulus measures nudged up the
Global securities regulators are to study how the interest rate Libor, which was rigged by British banks including Barclays, and other money market benchmarks should be supervised and how they are set, to restore market confidence. Barclays, hit with a re
Japanese government bond prices mostly rose on Friday on growing hopes the Bank of Japan would eventually follow the US Federal Reserve's latest easing steps with some stimulus action of its own. The 10-year JGB futures contract for December ended up 0.27
Japanese government bond prices mostly rose on Friday on growing hopes the Bank of Japan would eventually follow the US Federal Reserve's latest easing steps with some stimulus action of its own. The 10-year JGB futures contract for December ended up 0.27
Aware that fast-growing technology companies often find it easier to raise capital in New York than London, the British government is looking again at lighter stock market listing rules or even a new market to foster growth in the sector. With measures to
Hopes of an Autumn revival in Europe's new listings market have taken a step back, with cancellations by two German firms this week showing the gap between what investors are willing to pay, and what companies think they are worth, is as wide as ever.
Japan's Nikkei average will gain 20 percent this year, its biggest rise since 2005, with investors pinning their hopes on more policies to tackle the euro zone debt crisis and strong earnings to entice foreign investors back to Japanese stocks. The Nikkei
Canada's main stock index gained more than 1 percent on Friday in a broad, resource-led rally backed by higher commodity prices a day after the US Federal Reserve announced major stimulus measures. The TSX extended Thursday's 1 percent rally, with traders
Sri Lanka's stock market jumped 2.6 percent in healthy volume on Friday to the highest level in eight months, with institutional and foreign investors buying banks and diversified shares. The Colombo Stock Exchange's main index ended 2.59 percent, or 149.
Indian government bond prices fell on Friday, giving up all of their earlier gains after a spike in inflation led investors to trim back their expectations for rate cuts next week, even after the government raised diesel prices. Yields had fallen to their
Indian government bond prices fell on Friday, giving up all of their earlier gains after a spike in inflation led investors to trim back their expectations for rate cuts next week, even after the government raised diesel prices. Yields had fallen to their
Latin American stocks steadied Friday afternoon from earlier surges as investors poured money into risk assets a day after the US Federal Reserve announced a third round of aggressive monetary stimulus. The MSCI Latin American stock index rose 1.74 percen
The US Treasuries market stumbled on Friday with the 30-year bond suffering its worst week in over three years, as the Federal Reserve's latest stimulus program raised inflation worries and spurred investors to dump bonds. While the latest price data this
The US Treasuries market stumbled on Friday with the 30-year bond suffering its worst week in over three years, as the Federal Reserve's latest stimulus program raised inflation worries and spurred investors to dump bonds. While the latest price data this
Small- and mid-capitalisation stocks jumped on Friday as the Federal Reserve's move to boost the economy helped keep investor optimism high, with the Russell 2000 index hitting its highest intraday level since May 2011. Among the biggest gainers, shares o
US stocks rose for a fourth straight session on Friday to close out the week at nearly five-year highs after the Federal Reserve took bold action to spur the economy, a move that could keep equities buoyed in the coming months. Shares of Apple Inc, the la
The high-flying Australian and New Zealand dollars may pull back modestly in the coming months on falling commodity prices and a slowdown in China, but should stay remarkably well supported overall, a Reuters poll showed. Median forecasts from around 50 a
Currency speculators again turned negative on the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the US dollar's short position in the week ended September 11 totalled $6.176
The Kenyan shilling and the Nigerian naira are expected to weaken against the dollar in the next week to Thursday, while the Ghana Cedi is expected to strengthen, traders said.
Latin American currencies firmed Friday on bets that more US monetary stimulus will push a flood of investment into the region, with Brazil's real firming despite stepped-up intervention efforts. The Mexican peso rose to more than a five-month high and th
The dollar fell broadly on Friday, hitting a four-month low against the euro as investors embraced riskier assets a day after the US Federal Reserve announced aggressive new stimulus to bolster the economic recovery. The Fed's decision, plus more confiden
The Canadian dollar surrendered gains against the US currency on Friday, as grim manufacturing sales data dampened some of the euphoria from the Federal Reserve's aggressive new stimulus program. Canadian factory sales fell 1.5 percent in July from June v
Bullish bets on the Taiwan dollar hit a near eight-month high in the last two weeks as hopes for more global stimulus and European steps to tackle the region's debt crisis restored some confidence in riskier assets, a Reuters poll showed on Thursday.
Manchester United veteran Paul Scholes marked his 700th appearance for the club with a goal in a 4-0 Premier League win over Wigan on Saturday as champions Manchester City were held to a 1-1 draw by Stoke. Elsewhere, Arsenal thrashed bottom of the table S
Indian Premier League (IPL) side Deccan Chargers have been shut down for failing to comply with a deadline to pay overdue player fees, organisers of the Twenty20 league said on Saturday. The Board of Control for Cricket in India (BCCI) said they made the
Irfan Pathan grabbed five wickets as India prepared for the World Twenty20 with a 26-run victory over hosts Sri Lanka in a warm-up match in Colombo on Saturday. The paceman finished with 5-25 off four overs as India bowled Sri Lanka out for 120 after post
National Highways and Motorway Police N-5 Central qualified for semi-finals in eighth FFC National Touch Ball Championship after defeating the teams of Punjab and Balochistan in the league matches. In details, All Pakistan Touch Ball Federation is organis
Lleyton Hewitt and Chris Guccione's doubles victory gave Australia a 2-1 lead over Germany on Saturday in their Davis Cup World Group play-off to earn a key advantage going into the last day. Australia are bidding to return to the World Group for the firs
Prolific Sri Lankan batsman Kumar Sangakkara stole the show with a hat-trick of International Cricket Council (ICC) awards in Colombo on Saturday. The 34-year-old batsman-wicketkeeper bagged the Sir Garfield Sobers Trophy after being named Cricketer of th
Roger Federer and Stanislas Wawrinka slumped to a 6-4, 6-2, 5-7, 6-3 defeat to Robin Haase and Jean-Julien Rojer on Saturday as the Netherlands stayed alive in their Davis Cup World Cup play-off with Switzerland. Federer and Wawrinka, who were doubles gol
The United States won back ground against holders Spain in the Davis Cup semi-final Saturday, with twins Bob and Mike Bryan beating Marc Lopez and Marcel Granollers in the doubles to make the tie 2-1. The twins from California beat the Catalan pair 6-3, 3
US President Barack Obama is leading his Republican rival Mitt Romney by three points, even though many Americans remain dissatisfied with the situation in the country, a new opinion poll shows. The survey joint survey by CBS News and the New York Times s
The White House presented a detailed breakdown Friday of $109 billion in across-the-board spending cuts scheduled for January, setting off a fresh blame game between the Obama administration and Republicans over responsibility for what both say is a preve
An Afghan policeman killed two soldiers from the Nato-led force in southern Afghanistan on Saturday before he was himself shot dead, security and coalition officials said. The incident brought to 47 the number of foreign military personnel killed in insid
A bomb attack killed 11 women and children from two families, destroying their vehicle in southern Afghanistan, officials said Saturday. The device planted on the side of the road struck their minivan on Friday afternoon in Gereshk district of Helmand pro
International peace envoy Lakhdar Brahimi warned after meeting President Bashar al-Assad on Saturday that the worsening conflict in Syria threatens both the region and the world at large. Russia, a strong ally of Syria, insisted it was not "clinging" to a
Italy is backing former foreign minister Franco Frattini as Nato's next secretary general, the country's current top diplomat said Saturday. Frattini "has all the right characteristics to be the best possible secretary general of the alliance in years tha
Thousands of Chinese besieged the Japanese embassy in Beijing on Saturday, hurling rocks, eggs and bottles, and protests broke out in other Chinese cities in an angry dispute over a group of remote islands. Paramilitary police with shields and batons barr
Amid an uncertain economic climate, New York City agencies must cut spending by a total of $2 billion in the current fiscal year and the following one, according to a budget memo issued on Friday. "We will once again need to curtail planned spending, and
The death toll from a series of landslides and floods reached 45 in northern India on Saturday as rescuers pulled 17 more bodies from the debris, a state government minister told AFP. Most of the deaths occurred in the early hours of Friday after heavy do
A leading Myanmar activist, pivotal in massive protests in 1988 and 2007, has refused to visit the US to collect a democracy award after fellow dissidents were denied passports, a member of his group said Saturday. Min Ko Naing, who was released from jail
Gunmen shot dead four people including a police colonel in Iraq on Saturday, and a policeman was killed in a bombing, security and medical officials said. Gunmen attacked a house in the village of Hajj Ali, south of the main northern city of Mosul, killin
Berkshire Hathaway Inc Chief Executive Warren Buffett has said he has completed final radiation treatment for prostate cancer, the Omaha World-Herald newspaper reported on Saturday. Buffett, the world's third-richest person, told executives from newspaper
Five militants and one police officer were killed in fighting in Russia's North Caucasus province of Dagestan on Saturday, law enforcement authorities said. Security forces exchanged gunfire with militants they discovered in the basement of a kindergarten
Germany's former Foreign Minister Frank-Walter Steinmeier appealed to the emotions of his centre-left opposition party on Saturday with an attack on Chancellor Angela Merkel's coalition and a vow to win back power in next year's election. Steinmeier, one
Iran denied on Saturday that Turkey sharply increased its imports last month of Iranian crude in the face of a Western embargo, saying its exports had held constant. Around 200,000 barrels per day (bpd) of Iranian crude were discharged at Turkey's import
Iran denied on Saturday that Turkey sharply increased its imports last month of Iranian crude in the face of a Western embargo, saying its exports had held constant. Around 200,000 barrels per day (bpd) of Iranian crude were discharged at Turkey's import
The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the Opec nation's crude oil, Secretary of State Hillary Clinton said on Friday. The renewal means banks in the 11 countries hav
The cremated remains of legendary American astronaut Neil Armstrong were scattered at sea Friday, in a ceremony aboard a US aircraft carrier paying final tribute to the first man to set foot on the moon, NASA said. US Navy personnel carried Armstrong's re
Zimbabwe's Prime Minister Morgan Tsvangirai and his new fiancee held their wedding on Saturday despite a court order that cancelled his marriage licence after his ex-lover tried to block the union. Tsvangirai, 60, dressed in a black suit and his bride Eli
Chinese leader-in-waiting Xi Jinping appeared in public on Saturday for the first time in about two weeks, visiting a Beijing university in what appeared to be an effort to dispel rumours of serious illness and a troubled succession. In a brief English-la
Tens of thousands of demonstrators marched though Moscow under streaming banners, flags and balloons on Saturday to demand an end to President Vladimir Putin's long rule and to breathe life into their protest movement. Protesters chanted "Russia without P
Indian sugar futures rose to the highest level in a week on Friday on an expected rise in demand during the festivals, a delay in cane crushing and on the back of rising overseas prices. New York raw sugar futures jumped more than 1 percent as markets rea