Downward trend was seen on the open market on Saturday in process of lean business activity, dealers said. The rupee shed five-paisa against the dollar for buying and selling at 94.7 and 94.9, they said. The rupee, also inched down by 10-paisa in terms of
Downward trend was seen on the open market on Saturday in process of lean business activity, dealers said. The rupee shed five-paisa against the dollar for buying and selling at 94.7 and 94.9, they said. The rupee, also inched down by 10-paisa in terms of
In the economical field, the directions of Khadim Al-Haramain Al-Sharifain King Abdullah & H. R. H. The Crown Prince Sultan Ben Abdul Aziz about the comprehensive reform and intensify efforts to improve the business environments in the country and launch
We can say that Pakistan-Saudi Arabia relations have progressed and are dependable in all fields which are described as brotherly ties and, sincere political orientations of Pakistan and Saudi Arabia, have managed to contribute earnestly in strengthening
The Khadim Al-Haramain Al-Sharifain Gives very special care & attention to the Guests of Allah ( Pilgrims visiting the Holy Places ) & closely watching the various projects & its progress, been carried out for the benefit of these Pilgrims to offer their
Pakistan and Saudi Arabia are linked together by the unbreakable bond of faith in Islam and endeavour for peace in the region and the world. The founding Fathers of both nations have also maintained the closest understanding on all international issues wh
On the 1st day of Libra every year and on the 23rd of September we get together to remember a very significant day in our History which is our National Day. Coinciding on 1351AH corresponding to 1932AD.
The December vaida was down and January contract was inert on the forward cottonseeds oilcake market on Saturday in process of trading, dealers said. The December vaida closed at Rs 446.70 and it commenced with a fall of 40 paisa at Rs 446.50, they said.
Cautious mills' buying was again witnessed on the cotton market on Saturday amid expectations for improvement in phutti arrivals, dealers said. Official spot rate was unchanged at Rs 5,550, they said. In the ready business, over 7000 bales of cotton chang
Prices moved both ways on the wholesale grain market on Saturday in the process of improved business activity as some major commercial centres opened after one-day closure as the government declared holiday to protest against publication of sacrilegious c
European wheat futures were little changed on Thursday in keeping with Chicago prices as the market steadied near key support and awaited fresh news on export demand. Benchmark November milling wheat in Paris was up 0.50 euros or 0.19 percent at 261.50 eu
Indian oilseeds and soyaoil futures fell on Friday, tracking weak global cues, while there were fewer buyers as the domestic soyabean harvest season is just approaching. Traders said small quantities from the new harvest have started arriving in the produ
Brazil's sugar industry association Unica on Thursday cut its forecast for 2012/13 sugar and ethanol output but said it expects a larger overall cane crop thanks to rains earlier this year. Unica expects the main center-south cane crop to yield 32.7 milli
Wheat export premiums at the US Gulf Coast held steady on Friday, even as futures jumped, underpinned by expectations for improved demand in coming months as supplies from rival exporters in the Black Sea region run low. Benchmark wheat futures on the Chi
ICE Canadian canola futures fell on Friday due to selling by commercials and funds, traders said, registering their biggest weekly loss in more than six months. Harvest advancing rapidly, with canola harvest in Alberta more than half complete as of Septem
A group of Vietnam's top coffee exporters has recommended beans from the 2012/13 crop be priced at a $30 discount to London futures and has asked the government to allow them to stockpile 300,000 tonnes to support prices. The Club of Vietnam Top Coffee Ex
The Karachi Port handled 32,400 tonnes of cargo comprising import cargo during the last 24 hours ended at 0700 hours on Saturday The total import cargo comprised 32,400 tonnes of oil/liquid cargo. Two ships carrying one container ship and one oil tanker r
soyabean spot basis bids held mostly steady around the US Midwest on Friday as the progressing harvest and modestly higher futures resulted in only light farmer sales of each commodity, grain merchants said. Corn bids eased 1 to 2 cents per bushel in the
The US Trade Representatives announced on Friday sugar import quotas for 38 nations for the marketing year opening on October 1. The largest allotments for raw sugar went to the Dominican Republic, 188,908 tonnes; Brazil, 155,634 tonnes and the Philippine
Facebook Inc said it will start charging businesses to run promotional offers on its social network, turning a free service into a potential revenue generator as investors and analysts demand new sources of growth from the recently listed company.
The EU economy needs shale gas to spur jobs and recovery, while breaking the traditional link between economic recovery and a rise in carbon emissions, Poland's environment minister said. Poland, which is heavily dependent on carbon-intensive coal and imp
Greek tourism will fare better than expected this year because fears of a chaotic exit from the euro have eased, the head of the main tourist industry association said on Friday. He predicted revenues would slump just 5 percent this year compared with a J
Royal Dutch Shell counter-attacked against Greenpeace on Friday, asking a judge to ban the group protesting near any of its property, with a million-euro fine as the cost of flouting the ruling. The oil multinational wants an order to ban "any Greenpeace
BMW AG halted deliveries and will recall some newly built 2013 M5 and M6 performance cars due to an engine oil pump problem that could lead to severe engine damage. BMW is now contacting owners of the 2013 M5 sedan, M6 coupe and M6 convertible and recomme
Investors in hedge funds are becoming increasingly willing to lock up their money for longer and invest in less liquid strategies, in a sign some are choosing the chance to earn bigger returns over easy access to their cash. Several prominent hedge funds
Investors in hedge funds are becoming increasingly willing to lock up their money for longer and invest in less liquid strategies, in a sign some are choosing the chance to earn bigger returns over easy access to their cash. Several prominent hedge funds
Argentina will keep working with the International Monetary Fund to improve its economic data, the economy minister said in remarks published on Saturday after the IMF warned the country to make swifter progress. The IMF reprimanded Argentina on Tuesday f
General Electric plans to make acquisitions in Germany to raise its market share in CAT scan and MRI technology, the company's new chief of GE Healthcare in Germany told a magazine. "Especially in the high-end segment we want to double, in some areas even
The European Central bank is ready to buy Spanish bonds but the southern European country will need to restructure its banks and reorganise the financing of its regions, ECB executive board member Joerg Asmussen told a Dutch paper on Saturday. "The ball i
Spain will not rush to seek external aid to finance its debt, Economy Minister Luis de Guindos said on Saturday, adding that the country's banks would need 60 billion euros to clean up the toxic property assets on their balance sheets.
General Motors Co opened a new, large vehicle test track west of Shanghai on Saturday as part of its push to retain its leading market share in the world's largest auto market. The No 1 US automaker and its joint venture partners, including SAIC Motor, in
China's ambassador to Canada warned in remarks published on Saturday against allowing domestic politics to drive the Canadian government's decision on whether to approve Chinese state-owned oil company CNOOC Ltd's proposed $15.1 billion takeover of Canadi
China's ambassador to Canada said in an interview published Saturday that the two countries should move speedily to sign a free-trade agreement if bilateral business is to flourish. "That's why we need to talk with the Canadian side about an FTA. It's tim
Apple Inc has asked for a court order for a permanent US sales ban on Samsung Electronics products alleged to have violated its patents along with additional damages of $707 million on top of the billion-dollar verdict won by the iPhone maker last month.
AT&T Inc, the second-largest US wireless carrier, will join all other large phone companies in accepting political donations by text - and will do so at much lower rates, a company spokesman said on Friday. The carrier that services the most Apple iPhones
France and Germany pledged on Saturday to consult closely on plans by Airbus parent EADS and Britain's BAE Systems to forge a new aerospace and defence giant, but announced no joint decisions on the $45 billion merger plan. The tie-up would create the wor
Technology company Oracle Corp increased billionaire CEO Larry Ellison's compensation for last year by 24 percent. Ellison, one of the most highly paid chief executive officers in the United States, and the world's sixth-richest man, according to Forbes,
Ivory Coast will abolish a 20-year-old tax break given to local cocoa grinders when the 2012/13 season starts on October 1, an official with the top grower's marketing board told Reuters on Saturday, in a victory for exporters who don't grind locally. The
Ultra-low borrowing costs are once again tempting US companies down a familiar and dangerous path, luring them into propping up their share prices by issuing new debt. In a pattern all-too-familiar from the pre-crisis years, companies are piling up levera
Banks' books for the initial public offering of Talanx are already covered, three financial sources said a day after Germany's third-biggest insurer surprised investors by reviving flotation plans it had cancelled only last week. "It's one-time subscribed
Banks that went public on Thursday had muted debuts even after pricing offerings below their planned range, an indication that investors are still keeping clear of new financial offerings. The larger of the two banks, Capital Bank Financial Corp that was
Canada's main stock index ended lower on Friday after a sharp late sell-off, with financial and industrial stocks weighing, and Research In Motion falling more than 7 percent after a BlackBerry service outage. Miners, utilities and oil companies rose on a
Nasdaq OMX Group Inc stood by its proposed $62 million plan to compensate firms affected by the fallout from Facebook's botched initial public offering, taking aim at UBS AG, Citigroup Inc and other parties that derided the payback plan. In a letter to th
Long-dated US Treasury debt prices slipped in light volume on Friday as talk that Spain might soon request a bailout was said to favour riskier assets over safe-haven US debt. Mid-range maturities outperformed as investors moved out of short-term Treasuri
Long-dated US Treasury debt prices slipped in light volume on Friday as talk that Spain might soon request a bailout was said to favour riskier assets over safe-haven US debt. Mid-range maturities outperformed as investors moved out of short-term Treasuri
Sri Lankan stocks edged up on Friday on foreign buying of bluechips but the gain was capped by retail profit-taking in speculative shares, dealers said. The Colombo Stock Exchange's main index, or all share price index (ASPI), ended 0.14 percent, or 8.10
Indian bonds ended flat on Friday as investors switched to riskier assets after the country cut a tax on overseas borrowing by local companies, boosting confidence on the government's resolve to continue undertaking reforms. Finance Minister P. Chidambara
Indian bonds ended flat on Friday as investors switched to riskier assets after the country cut a tax on overseas borrowing by local companies, boosting confidence on the government's resolve to continue undertaking reforms. Finance Minister P. Chidambara
Japanese government bonds were steady on Friday, supported by fears about slowing global growth and underpinned by the easy monetary policy of major central banks. The yield curve, however, flattened slightly, later in the afternoon, as some investors too
Japanese government bonds were steady on Friday, supported by fears about slowing global growth and underpinned by the easy monetary policy of major central banks. The yield curve, however, flattened slightly, later in the afternoon, as some investors too
Latin American stocks were mixed on Friday on cautious optimism Spain is preparing to request an international sovereign aid package, which could help stem the spread of the euro zone's debt crisis and support demand for riskier assets. The MSCI Latin Ame
US stocks closed flat on Friday even though investors welcomed Spain's efforts to seek a bailout and cheered Apple's newest iPhone that went on sale today, driving its shares to a record high. Apple Inc, the world's most valuable public company in terms o
The Kenyan and Ugandan shillings are seen easing against the dollar in the next week, while the Tanzanian shilling and Zambian Kwacha are expected to firm, traders said.
Euribor bank-to-bank lending rates hit new all-time lows on Friday on hopes that the European Central Bank will cut interest rates further in coming months after it downgraded its economic outlook for the euro zone. The ECB kept its main refinancing rate
Chile's peso weakened sharply on Friday on concerns that authorities could intervene to stem currency gains that may hurt exporters while Brazil's real traded flat after a top official threatened to implement capital controls. Investors are increasingly c
The Swedish crown is likely to retain its long-term appeal to investors seeking an alternative to the debt-ridden euro, even if the Riksbank starts cutting interest rates as early as Thursday to prop up the economy. Some strategists said the crown could h
Currency speculators increased their bets against the US dollar in the latest week to their highest in more than a year, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position rose
The euro climbed against the US dollar on Friday, reversing earlier losses, helped by speculation Spain may soon request financial aid to help ease the country's debt crisis. Volume was thin ahead of the weekend, exacerbating volatility, and traders said
Central European currencies gained on Friday, shrugging off rising expectations of interest rate cuts and paring the week's losses on growing confidence that Spain will seek aid. Poland's zloty and the Czech crown, which had fallen as much as 2 percent ve
The Canadian dollar ended little changed on Friday, with the benefit of stronger oil and other commodity prices offset by tame inflation data that suggested the Bank of Canada will be in no hurry to raise interest rates. Energy prices rose on supply conce
Chelsea needed a late winner by England fullback Ashley Cole to beat Stoke City 1-0 and move three points clear at the top of the Premier League on Saturday with all their main title rivals yet to play this weekend. The European champions, without a win i
Italian fifth seed Andreas Seppi ended hopes of an all-French final at the Metz ATP event when he knocked out Gael Monfils 3-6, 6-1, 6-4 in the semi-finals on Saturday. Monfils was returning to the circuit this week after a four-month injury absence, but
An Indian court has suspended a two-year ban on doubles specialists Mahesh Bhupathi and Rohan Bopanna from representing the country, a report said Saturday. The All India Tennis Association (AITA) said last week the pair would not be considered for select
South Africa beat hosts Sri Lanka by a convincing 32 run margin in a rain-shortened seven-over-a-side World Twenty20 group C match here on Saturday. South Africa were good with both bat and ball as their pacemen never allowed the Sri Lankan batsmen to cha
Taiwan's Su-Wei Hsieh beat Briton Laura Robson in the WTA Guangzhou Open final on Saturday, ending the teenager's attempt to become the first British woman to win a main tour title in 24 years. Hsieh won the match 6-3, 5-7, 6-4 in two hours and 48 minutes
Australia qualified for the Super Eights round of the World Twenty20 by defeating the West Indies in a rain-interrupted group B match in Colombo on Saturday. Australia, chasing a challenging target of 192, were 100-1 in 9.1 overs when heavy rain forced th
French Open champion Maria Sharapova beamed with confidence Saturday and hailed a "tremendous" 2012, ahead of the Pan Pacific Open in Japan where she aims to reclaim the title. "In careers and in life, many things sometimes come together," said the power
New Zealand skipper Ross Taylor hoped his batsmen counter Pakistan's spin threat in the group D cracker at Pallekele stadium on Sunday. New Zealand thumped Bangladesh by 59 runs in their opening match on Friday on the back of a Twenty20 record score of 12
Hundreds of Japanese on Saturday rallied against Beijing over an escalating island row, days after anti-Japanese protests saw shops and factories vandalised in China. Some 800 demonstrators waved national flags as they marched through downtown Tokyo, deno
Indian fishermen and anti-nuclear activists on Saturday mounted a sea protest against an atomic power plant following violent demonstrations earlier this month, police said. Some 3,000 fishermen and anti-nuclear activists in 500 fishing boats sought to bl
Iraq is seeking to replace its national anthem and flag in a move aimed at providing unifying national symbols and putting decades of conflict and hardship in the country behind it. "We are determined to finish the new flag and anthem this year, in this l
Russia's parliament has advanced sweeping spy legislation targeting civil groups that work with foreigners to upset domestic politics in what rights groups call another attack on freedoms. Friday's near-unanimous lower house vote in the first of three rea
The rebel Free Syrian Army (FSA) has moved its leadership for the first time from Turkey to parts of Syria that are now controlled by rebels, the group's commander-in-chief said on Saturday. The FSA has been based in Turkey for more than a year as fighter
Western states defeated an Iranian proposal at the UN nuclear agency's annual assembly on Saturday to amend their draft resolution on a policy area central to its work in preventing the spread of atom bombs. The draft text was adopted in a vote shortly af
Taiwanese Premier Sean Chen comfortably survived a no-confidence vote brought by opposition parties Saturday over what they see as his cabinet's failure to curb rising unemployment and inflation. The bid failed by 46 votes to 66, said parliamentary speake
Myanmar democracy icon Aung San Suu Kyi has visited the United Nations and received a new award as she paid tribute to unknown fighters for democracy in her country. "Tonight I must pay tribute to my colleagues whose names are unknown to the world," said
Britain's Foreign Office was tight-lipped on Saturday over a proposal from Ecuador that WikiLeaks founder Julian Assange be transferred from London to Sweden but stay under Quito's protection. Sweden's foreign ministry for its part said Stockholm had not