Firmness prevailed on the currency market on Saturday as the rupee held overnight level in process of trading, dealers said. The rupee was unchanged against the dollar for buying and selling at 97.70 and 97.90, they said. The rupee also shed 20 paisa in r
Firmness prevailed on the currency market on Saturday as the rupee held overnight level in process of trading, dealers said. The rupee was unchanged against the dollar for buying and selling at 97.70 and 97.90, they said. The rupee also shed 20 paisa in r
Indian oilseeds and soyaoil futures edged higher on Friday, following gains in overseas markets, though a firm rupee and a higher area under rapeseed capped the upside. As of 0753 GMT, Malaysian palm oil futures were up 0.16 percent at 2,485 ringgit per t
Both the futures were unchanged on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The January vaida was inert at Rs 891.70 and it also opened at the same level in the early hours, they said. The March contract
Mills and spinners kept on the sidelines on the cotton market on Saturday amid protests and rallies against the gas and power shortage in the country, dealers said. Official spot rate was unchanged at Rs 6000, they said. In ready business, above 1200 bale
Top Black Sea grain market players Ukraine and Russia are likely to continue raising soyabean production which has already grown sharply in recent few years as global and domestic demand grows, analysts and agriculture officials said. Ukraine harvested 2.
Cash basis bids for hard red winter wheat firmed in parts of the southern US Plains on Friday as buyers sought to draw out fresh sales from the country, dealers said. Farmer offerings have been thin all week and many producers have completed their sales f
Subdued trading was seen on the wholesale grain market on Saturday as leading buyers were not interested in fresh buying, dealers said. On the rice sector, Irri-6 Sindh low variety was lower by Rs 10 to Rs 3180 and the best type was up by Rs 25 Rs 3225, o
European wheat prices edged higher on Friday in line with Chicago futures and after a sharp fall the previous day, traders said. The rate of the euro against the dollar, which had pressured prices on Thursday, weakened on Friday, bringing further support
Russian oil products exports rose significantly in November as most refineries completed seasonal maintenance work and demand picked up, Energy Ministry and Reuters data showed. November gasoline exports rose by 21.4 percent and domestic supplies by 9.1 p
ICE Canadian canola futures jumped 2.4 percent on Friday, as short-covering and technical buying lifted the oilseed to its biggest daily percentage gain in five months. Short-covering took March canola through its 50-day moving average, triggering technic
Gold demand in India, the world's biggest buyer of the metal, was moderate on Friday as jewellers replenished inventory for festivals and the wedding season, but retail and investment demand remained sluggish. The actively traded gold contract for Februar
The Karachi Port handled 108,284 tonnes of cargo comprising 74,432 tonnes of import cargo and 33,852 tonnes of export cargo including 4,741 loaded & empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 74,43
Boeing Co has signed a deal allowing it to buy nearly 1,100 acres of land at the site of its 787 jet factory in South Carolina, a deal that gives it room to expand production. The acquisition gives Boeing the option to buy the land its factory currently s
The head of Japan's central bank has vowed to work with the nation's new government to tackle deflation, according to an interview published Saturday. "The Bank of Japan, not just the government, will support efforts to strengthen growth potential," Masaa
The head of Japan's central bank has vowed to work with the nation's new government to tackle deflation, according to an interview published Saturday. "The Bank of Japan, not just the government, will support efforts to strengthen growth potential," Masaa
Saudi Arabia said on Saturday its budget surplus in 2012 hit 386 billion riyals ($102.93 bn) as oil-dominated revenues continued to rise, state television Al-Ekhbariyah reported. It also announced what it described as a record budget for the coming year,
Three Greeks were arrested on suspicion of trying to defraud the national tourism board, police said on Saturday, and the finance ministry is investigating a suspected 12-million-euro hole in the state agency's books. Tourism is one of cash-strapped Greec
Sudan has managed to boost oil production to almost 140,000 barrels per day and plans to add another 10,000 bpd next year, its oil minister said on Saturday after the African country launched a new oilfield. Sudan has been stepping up oil and gas explorat
Daimler Chief Executive Dieter Zetsche hopes to return the automaker to the top spot in the premium car market ahead of Audi and BMW by 2020, he said in an interview with a German paper. "I am confident that we will be ahead of our rivals by 2020 at the l
Lockheed Martin Corp and the US Defence Department have reached an agreement freeing up preliminary funding for production of a sixth batch of F-35 Joint Strike Fighters, according to two sources familiar with the negotiations. Details of the agreement, w
China amended its labour law on Friday to ensure that workers hired through contracting agents are offered the same conditions as full employees, a move meant to tighten a loophole used by many employers to maintain flexible staffing. Contracting agencies
Bundesbank President Jens Weidmann warned against complacency in the struggle to overcome the euro zone sovereign debt crisis and also denied he had considered quitting due to differing views with ECB President Mario Draghi, a newspaper reported.
Qatar Airways is filing a $600 million legal claim against a contractor for a delay in opening a new international airport in the emirate's capital, Doha, it said in a press release on Saturday. Lindner Depa Interiors, a German-Dubai joint venture, holds
A Congolese inventor has unveiled what he says is the first African-designed smartphone. Verone Mankou, 27, told AFP that the so-called Elikia, which means "hope" in the local language, went on sale the day before in the Republic of Congo. Mankou, head of
France's Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande's push to make the rich contribute more to cutting the public deficit. The Council ruled
Taiwan plans to start exploring for oil and gas in the South China Sea from next year, an official and local media said Friday, in a development that could increase tensions in the contested waters. The Bureau of Mines and state-run oil supplier CPC Corp
Asian buyers of Iranian crude will deepen import cuts in 2013 and struggle to send cash to Tehran to pay for oil as tightening Western sanctions choke the flow of hard currency to Iran's coffers. Tough sanctions from the United States and Europe to force
Denizbank is aiming for higher growth than the Turkish banking sector as a whole in 2013, driven by its expansion in agriculture, tourism and energy financing, its Chief Executive Officer Hakan Ates said. Denizbank, Turkey's eighth-largest bank by asset s
Cambodia on Friday gave the green light to construction of its first oil refinery, a multi-billion-dollar Chinese-backed project, as the kingdom looks to tap its untouched offshore reserves. Cambodia's oil and gas regulator approved a deal to allow SINOMA
The US gave strong support to Argentina on Friday in the Latin American country's legal battle with hedge funds over the repayment of $1.3 billion to holders of defaulted bonds. Shortly before a court-imposed deadline, the US filed a "friend of the court"
Colombia's annual inflation is likely to slow in December and through next year as the economy cools and a tax reform cuts gasoline prices, reducing the cost of some foodstuff and other goods, according to a Reuters poll published on Thursday. The survey
The recovery in the US housing market is looking more solid and economists are increasingly confident about price rises next year as they raised their forecasts again in the latest Reuters poll published on Monday. Prices were expected to rise by 4.0 perc
Already struggling at home with weak revenues and tough new capital and leverage requirements, investment banks are now also facing a slump in their once most promising business - emerging markets. Fees are plummeting because of a sharp decline in first-t
Already struggling at home with weak revenues and tough new capital and leverage requirements, investment banks are now also facing a slump in their once most promising business - emerging markets. Fees are plummeting because of a sharp decline in first-t
US benchmark Treasury debt prices rose for a third consecutive session on Friday on safe-haven buying as hopes faded for a deal to avoid tax hikes and spending cuts that could throw the US economy back into recession. Investors are focused on Washington a
US benchmark Treasury debt prices rose for a third consecutive session on Friday on safe-haven buying as hopes faded for a deal to avoid tax hikes and spending cuts that could throw the US economy back into recession. Investors are focused on Washington a
Canada's main stock index fell in thin trading on Friday as uncertainty surrounding US budget discussions weighed on investor sentiment. President Barack Obama and top lawmakers met in a last-ditch attempt to craft a budget deal before the "fiscal cliff"
Sri Lankan stocks gained on Friday, led by heavy foreign buying in market heavyweight John Keells Holdings, while local retailers bought speculative shares amid falling interest rates. The Colombo Stock Exchange's main index rose 0.65 percent, or 36.22 po
Latin American stocks rose broadly in 2012, with Mexico's IPC index outpacing Brazil's Bovespa and Chile's IPC, though constant concerns over global economic growth and the euro zone debt crisis kept investors on edge. Brazilian stocks whipsawed throughou
Japanese government bonds were steady on the last trading day of 2012 with benchmark yields at the three-month high hit in the previous session, on expectations that the new year will bring more fiscal and monetary stimulus measures. Markets here will be
Japanese government bonds were steady on the last trading day of 2012 with benchmark yields at the three-month high hit in the previous session, on expectations that the new year will bring more fiscal and monetary stimulus measures. Markets here will be
Facebook shares fell Friday after a report said its photo-sharing app Instagram had lost millions of users following the release of planned policy changes since dropped on an outcry from users. According to audience tracker AppData.com, over the past week
Facebook shares fell Friday after a report said its photo-sharing app Instagram had lost millions of users following the release of planned policy changes since dropped on an outcry from users. According to audience tracker AppData.com, over the past week
US stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight. President Barack Obama and top co
The 'currency wars' long deplored by Brazilian Finance Minister Guido Mantega have involved little more than shouting matches so far, but the risk of an outbreak of outright hostilities in 2013 is growing. Thursday's decision by the Bank of Japan to quick
Key Euribor bank-to-bank lending rates ticked up on Friday after comments from a clutch of European Central Bank policymakers since the bank's monthly meeting eroded hopes for another official rate cut. Joerg Asmussen, a member of the ECB's Executive Boar
Chile's peso closed 0.23 percent stronger against the US dollar on Friday at 478.70, bringing the currency's accumulated gains versus the greenback this year to 8.48 percent. The peso, which has been boosted by Chile's robust economic growth and healthy p
The dollar edged up to a two-week high against major currencies on Friday as uncertainty about fiscal talks in Washington to avert tax hikes and spending cuts next year drove investors to the relative safety of the US currency. President Barack Obama was
Currency speculators increased their bets against the US dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position rose to $6.49 billion in the week ended December 24
The Canadian dollar ended slightly weaker against its US counterpart on Friday as the White House and US lawmakers made a late attempt to avert the "fiscal cliff" and investors choose safe-havens to wait out the negotiations. World stocks slipped and the
The Brazilian real closed 2012 among the worst-performing world currencies as Latin America's largest economy delivered mediocre growth and policymakers intervened heavily to set an exchange rate more favourable to exporters. The real lost 8.6 percent thi
The Lahore Chamber of Commerce and Industry (LCCI) congratulated the newly elected Chairman of Lahore Township Industrial Association (LTIA) Nasrullah Mughal and Executive Committee and hoped that the office bearers would put in best efforts to get solved
Due to unscheduled power outages and non-availability of gas supply, the exports of Sialkot have been decreased to Rs 30 billion, said President Sialkot Chamber of Commerce and Industry (SCCI) Sheikh Abdul Majid on Saturday. Addressing an emergent news co
Patron-in-Chief Korangi Association of Trade and Industry (KATI) S M Muneer, Chairman Mohammad Zubair Chhaya, Mian Zahid Hussain and Vice Chairmen Najmul Arfeen and Niaz Ahmed have showed serious concern over the registration of FIR U/s Cr PC 302 by the p
Constructive ties between experts and policy makers of Indian and Pakistani Punjab would benefit both nations in addressing the daunting challenges of food security, water and poverty.
Pakistan Ordnance Factories, the largest defence industrial complex of the country, have added another feather to its cap by commissioning a refurbished plant for manufacturing of 7.62 mm small arms ammunition, a part of Balancing Modernisation Replacemen
Secretary Social Welfare Malik Tahir Sarfraz Awan said that Social Welfare Department is playing an important and commendable role in serving to humanity. He said this during his visit to a social welfare institution at Central Jail Gujranwala today. He s
At least three more children have died of measles in Tando Bago area here on Saturday. As many as 76 children have been died of the disease in the current month across Sindh. Affected families blamed the health department of negligence saying no team of t
The purpose of implications of SRO 1441, dated 12-12-12, restricting import of more than three years old cars is to widen the class gap and create discord in the society which can only hurt the government, said a press release issued here by All Pakistan
Bolivia on Saturday nationalised electrical utilities owned by Spanish company Iberdrola, sending in police and troops to enforce another expropriation ordered by the populist leader of South America's poorest nation. President Evo Morales announced a dec
Russia's legendary rifle-designer Mikhail Kalashnikov checked out of hospital on Saturday after spending nearly a week in an intensive care unit with swelling and general fatigue. The 93-year-old father of the AK-47 had been under the care of doctors in t
A Chilean judge ordered the arrest Friday of eight ex-army officers for the brutal murder of leftist folk singer Victor Jara, killed in 1973 just days after general Augusto Pinochet came to power. This is the first time a Chilean court has sought to prose
The clean-up at Fukushima after its tsunami-sparked nuclear meltdowns is unlike anything humanity has ever undertaken, Japan's prime minister said Saturday during a tour of the plant. "The massive work toward decommissioning is an unprecedented challenge
Five Australian tourists who got lost in the Salar de Uyuni salt flat were found Friday, but their local guide is still missing, Bolivian police said. "We have found the van with the five tourists unharmed, but the driver is missing" after going to look f
Retired Polish Archbishop Ignacy Tokarczuk, who built churches in secret in defiance of the communist authorities, becoming a folk hero for many, has died at the age of 94, PAP news agency said on Saturday. One of the Soviet bloc's more colourful anti-com
Tour de France winner Bradley Wiggins led a parade of Olympic champions whose achievements in a remarkable summer of sport in Britain were recognised in the New Year Honours list on Saturday. The cyclist receives a knighthood, making him Sir Bradley, as d
Australian veteran Mike Hussey announced Saturday he will retire from Test cricket after next week's third and final match against Sri Lanka in Sydney. The evergreen Hussey, who continues to flourish at 37, just months younger than Ricky Ponting who calle
Flamboyant former England cricket captain and television commentator Tony Greig died of a heart attack Saturday at the age of 66, as he battled lung cancer. South African-born Greig had only recently been diagnosed with cancer and suffered a cardiac arres
The Spanish pairing of Anabel Medina Garrigues and Fernando Verdasco won their opening tie at the $1 million mixed teams Hopman Cup with a 2-1 win over South Africa in sweltering heat in Perth on Saturday. The singles rubbers were split in the Group B tie
Supermaxi Wild Oats XI on Saturday completed a historic Sydney to Hobart triple crown with organisers declaring it the overall handicap winner to go with its line honours and record time. Its main competition in the handicap standings, which takes into ac
Novak Djokovic got his season off to a perfect start by defeating Nicolas Almagro 6-7 (4/7), 6-3, 6-4 on Saturday in the final of the Mubadala World Tennis Championship exhibition tournament. Djokovic had looked in impressive early season form in Friday's
China's Li Na beat World Number 1 Victoria Azarenka Saturday 10-6 in a play-off after the pair shared a set each in a see-sawing invitation match in the Thai resort of Hua Hin. Li, who became China's first superstar tennis player after winning the 2011
Manchester United preserved their seven-point lead over Manchester City in the Premier League on Saturday, defeating West Bromwich Albion 2-0 as the champions scraped a 4-3 win at Norwich City. United manager Alex Ferguson was the centre of pre-match atte
Popular Indian football club Mohun Bagan was given a two-year suspension from the top league Saturday for walking off the pitch after one of its players was injured by a stone thrown from the crowd. The All India Football Federation (AIFF) said in a state
Pakistan Cricket Board (PCB) retained pacer Mohammad Irfan and experienced all-rounder Shoaib Malik for three matches ODI series against India starting at Chennai from Sunday (today). Both Mohammad Irfan and Shoaib Malik are only selected for two Twenty20
Three pounds (1.36 kilogrammes) of military grade TNT were found on Saturday close to the holiday home of Cyprus President Demetris Christofias, police said. The "high yield explosives and a common detonator" were discovered at a distance of 500 metres (y
The body of a gang-rape victim was being flown back to New Delhi on Sunday after her death from sickening injuries in a Singapore hospital triggered a mass outpouring of grief and anger in India. The plane carrying the 23-year-old medical student's body a
China has passed a new law stipulating that family members should pay regular visits to their elderly relatives, according to the government's official website. The ruling, approved by China's National People's Congress on Friday, is part of a package of
The darkness is total. Mundane gestures suddenly become complicated. How do you find the door to your room, cook a meal or cross the road? The "Invisible Exhibition" in the Polish capital Warsaw offers an opportunity to understand what it is like to be si
Iran plans to relocate an airport in the south-west of the country after discovering oil deposits under its runway, media reported on Saturday. The National Iranian Oil Company "intends to buy Ahvaz airport due to the existence of oil deposits under the a
Jewish settler activists left a wildcat outpost near the West Bank city of Ramallah quietly on Saturday, Israeli media reported, 24 hours after battling security forces sent to evict them. Israeli television said that the dispute was defused in talks betw
Rebels in the Central African Republic, defying mediation efforts, on Saturday seized another town in their advance on the capital, forcing an army retreat and putting them just one town away from Bangui. The rebels, who already have control of four other
Several thousand people rallied in front of the headquarters of Macedonia's rightist ruling party on Saturday demanding the immediate resignation of Prime Minister Nikola Gruevski and early elections. The rally was the culmination of days of smaller count