China's yuan hit a record high against the dollar for a second straight day on Tuesday, thanks to sustained bullish sentiment for the currency from Chinese companies, with further gains seen in the near term. The central bank allowed the yuan a bit more r
The Australian and New Zealand dollars struggled against a broadly stronger greenback on Tuesday, but held near 2-1/2 month highs against the euro after Greece failed to receive an immediate financial aid it was counting on. The euro dipped to a two-month
The emerging Asian foreign exchange markets on Tuesday closed in Indonesia, Malaysia and Singapore for a public holiday. The trading will be resumed on Wednesday, November 14.
Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.71-81.75 (previous 81.70-81.75). Call Money Rates: 09.00-09.00 percent (previous 08.00-09.50 percent).
The euro was unchanged against the dollar on Monday and nearing a recent two-month low in thin holiday trading, weighed down by uncertainty as to whether or not Greece will receive a new round of bailout money to help pay off its debt. The euro has droppe
The euro slumped to its lowest level against the dollar in over two months on Tuesday on disappointment over a delay in aid to debt-stricken Greece and worries about a US fiscal crisis. The euro has lost value against the safe-haven dollar in seven of nin
The euro pulled away from a two-month low against the dollar on Tuesday after a German newspaper said Germany wants to bundle Greek aid into a single payment of more than 44 billion euros. Traders interpreted the Bild report, which cited government source
The euro dipped to a two-month low against the dollar on Tuesday after the eurozone and the International Monetary Fund failed to agree on a long-term plan to reduce Greece's debt, preventing disbursement of immediate aid to Athens. The currency was also
Currency trading platform EBS will change pricing in the euro/Swiss franc pair, owner ICAP said on Tuesday, limiting high-speed traders' ability to exploit price discrepancies at the expense of banks. From November 26 the platform will price euro/Swiss in
Britain's FTSE 100 share index closed up on Tuesday, recovering from an earlier two-month low in late trade on renewed hopes that Spain will ask for a bailout, a move which is seen as an essential step towards solving the euro zone crisis. Spanish bond yi
Seoul shares slipped to their lowest close since September 6 on Tuesday as investors remained worried about US fiscal woes and the uncertain timing for a crucial Greek bailout. The Korea Composite Stock Price Index (KOSPI), reversing gains early in the da
Australian shares fell 1.5 percent on Tuesday, the biggest one-day loss since July 23, with miners and banks dented further in the afternoon session as investors become increasingly concerned about the euro zone debt crisis and fiscal woes in the United S
Thai shares fell to their two-week low on Tuesday on concerns about the US fiscal cliff and about the Greece's debt crisis, while the Philippines and Vietnam stocks also ended weaker. Major Southeast Asian stock markets in Singapore, Indonesia and Malaysi
European shares rebounded late on Tuesday as a fresh round of trader speculation that Spain may be close to asking for a sovereign bailout fuelled appetite for financial stocks. The FTSEurofirst 300 closed up 4.81 points, or 0.5 percent, at 1,099.16, boun
India's main stock indexes fell for a fourth consecutive day in Tuesday's short Diwali trading session as banks and automotive stocks fell a day after data showed a surprise contraction in the country's industrial output. In the annual session to celebrat
Onshore Chinese shares slid to a seven-week low and weighed on Hong Kong stocks on Tuesday after state media reported that housing market curbs will remain, raising fears that the ongoing party congress will spawn little change in economic policies.
Taiwan stocks fell 1.8 percent on Tuesday, underperforming regional shares, with heavyweight HTC Corp shedding 6.8 percent, the maximum allowed in a day. The main TAIEX index closed down 131.7 points at 7,136.05, after opening flat. Electronics shares los
US stocks were little changed in a lightly traded session on Monday, with investors limiting bets ahead of what could be a drawn-out battle over the "fiscal cliff." Volume was light, with the US bond market and government offices closed for the Veterans D
The Dow and the S&P 500 rose slightly on Tuesday, led by gains in retail stocks after strong results from Home Depot, the world's largest home improvement company. Wall Street made a sharp turnaround about an hour into trading, on rumours that Spain may b
Japan's Nikkei average fell for a seventh straight session on Tuesday, its longest losing streak in seven months, on fears that the US fiscal problem may tips the world's largest economy into recession. Adding to the concerns, the euro zone and the Intern
Divisions in Europe over a new regime to supervise banks overshadowed fresh attempts by EU finance ministers on Tuesday to agree a centrepiece reform that some officials fear could now unravel. So far, countries in the eurozone have attempted to contain t
A public clash between Greece's international lenders over how Athens can bring its debts down to a sustainable level has reignited fears that Europe's troubles could flare up anew. Eurozone finance ministers suggested Greece, where the eurozone debt cris
British inflation hit a five-month high in October after a rise in university fees and food prices, making it less likely the Bank of England will flag more stimulus when it presents new forecasts on Wednesday. The jump in consumer price inflation to 2.7
Morale among Germany's analysts and investors sank in November as the crisis in the euro zone pounded its top economy, which looks increasingly at risk of joining the region's periphery in recession. Tuesday's unexpectedly gloomy survey from the ZEW think
Iranian oil output rose in October after seven months of decline due to Western sanctions and its exports rebounded strongly as China and South Korea bought more oil, the West' energy watchdog said on Tuesday. The International Energy Agency, adviser to i
Canada's largest newspaper publisher, Sun Media, announced Tuesday the closure of two production facilities in Ottawa and Kingston, Ontario, and layoffs of 500 staff. The closures and job cuts are expected to deliver more than Can$45 million in annual cos
The full cast of lawmakers in the US "fiscal cliff" debate gathered in Washington on Tuesday for the first time since the elections, setting the stage for a week of trial balloons and rhetorical repositioning. The US Congress returned from a break after t
Spanish consumer prices rose at their fastest pace since May 2011 in October, increasing living costs for its already cash-strapped citizens and further undermining hopes of an economic recovery. National inflation was 3.5 percent year-on-year, according
Italy's biggest bank, UniCredit, on Tuesday reported a net profit of 335 million euros ($425 million) in the third quarter - an improvement on the previous quarter and the same period last year. The bank had registered a net loss of 474 million euros in t
Italy's biggest bank, UniCredit, on Tuesday reported a net profit of 335 million euros ($425 million) in the third quarter - an improvement on the previous quarter and the same period last year. The bank had registered a net loss of 474 million euros in t
Germany's leading airline Lufthansa said on Tuesday that it had reached a deal with cabin crew representatives to end a bitter dispute that had led to work stoppages. The accord entails a near 4.6-percent salary hike on average, said the UFO trade union t
Moong prices were up on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the cereals side, Moong Punjab went up by Rs 125 to Rs 6375, Urad Burma, however, lost Rs 100 to Rs 2700, other commodities maintained overnig
Prices were higher on the cotton market on Tuesday as the ginners started hoarding seedcotton (phutti) on expectations of better return in the coming days, dealers said on the cotton market on Monday. Official spot rate maintained overnight level at Rs 5,
The December vaida was unchanged and the January contract was higher on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The December vaida closed at Rs 444.00 and it opened at the same rate, they said. The Januar
The Karachi Port handled 181,237 tonnes of cargo comprising 140,832 tonnes of import cargo and 40,405 tonnes of export cargo including 4,238 loaded & empty containers during the last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 140,8
Germany's winter rapeseed sown area for the 2013 harvest has been expanded by 9.1 percent on the year to 1.419 million hectares, German oilseeds industry association UFOP forecast on Tuesday. Highly favourable sowing conditions in the autumn drilling peri
The Chinese government will start stockpiling soya and corn from local farmers at higher prices than a year ago, an industry source said on Tuesday, as Beijing looks to stabilise domestic prices and support soya imports. China, the world's top soya buyer,
Spot basis bids for hard red winter wheat in the US Plains were mostly steady on Tuesday with light farmer selling. Basis climbed a penny a bushel for Gulf wheat but otherwise bids were steady. Mill demand was expected to slow ahead of the Thanksgiving ho
Vietnam is sharply raising soyabean imports for animal feed as its livestock farming booms while demand as human food is also increasing, Hamburg-based oilseeds analysts Oil World said on Tuesday. Vietnam's March 2012/February 2013 season soyabean imports
Heavy showers have swept over Brazil's south-eastern coffee belt and more are due in the next few days, restoring soil moisture after a dry spell began harming the new coffee crop, weather forecaster Somar said on Monday. Agronomists said last week that l
Indonesia's state procurement body Bulog is in talks to buy 100,000-150,000 tonnes of rice from India to boost stock levels, but may ship less than half of its total rice import permits issued for this year, a trade ministry official said on Tuesday.
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
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
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (November 13, 2012).
A bearish trend continued on the Karachi share market on Tuesday and the benchmark KSE-100 index declined by 83.96 points to close at the level of 16,129.72 points. Trading activities slightly improved and the volumes at ready counter increased to 156.978
A bearish trend continued on the Karachi share market on Tuesday and the benchmark KSE-100 index declined by 83.96 points to close at the level of 16,129.72 points. Trading activities slightly improved and the volumes at ready counter increased to 156.978
On Tuesday, BRIndex30 opened at 10,889.14. It touched an intraday high of 10,923.98 and an intraday low of 10,828.25 and closed at 10,831.62 which was -57.52 points or -0.53 percent lower than previous close. Total volume was 123,178,200, which was 78.47
On Tuesday, BRIndex30 opened at 10,889.14. It touched an intraday high of 10,923.98 and an intraday low of 10,828.25 and closed at 10,831.62 which was -57.52 points or -0.53 percent lower than previous close. Total volume was 123,178,200, which was 78.47
The lawmakers of the Balochistan Assembly passed a resolution and reposed their trust in the leadership of Chief Minister Nawab Aslam Raisani. The Balochistan Assembly session held with Deputy Speaker Syed Matiullah Agha in chair here on Tuesday evening.
The lawmakers of the Balochistan Assembly passed a resolution and reposed their trust in the leadership of Chief Minister Nawab Aslam Raisani. The Balochistan Assembly session held with Deputy Speaker Syed Matiullah Agha in chair here on Tuesday evening.
The Supreme Court on Tuesday issued directives to Pakistan International Airlines (PIA) to submit by December 4 a response to alleged corruption, mismanagement, inefficiencies, irregularities and illegalities in the national airline. A three-judge bench l
The Supreme Court on Tuesday issued directives to Pakistan International Airlines (PIA) to submit by December 4 a response to alleged corruption, mismanagement, inefficiencies, irregularities and illegalities in the national airline. A three-judge bench l
The Supreme Court on Tuesday issued directives to Pakistan International Airlines (PIA) to submit by December 4 a response to alleged corruption, mismanagement, inefficiencies, irregularities and illegalities in the national airline. A three-judge bench l
The government has decided to make the Survey of Pakistan into a national mapping agency, according to the draft of a proposed bill. According to the draft bill, the government will detain for at least three months elements damaging the Survey of Pakistan
The government has decided to make the Survey of Pakistan into a national mapping agency, according to the draft of a proposed bill. According to the draft bill, the government will detain for at least three months elements damaging the Survey of Pakistan