The rupee held the overnight levels versus the dollar and euro on the currency market on Friday, dealers said. The rupee did not show any change in relation to the dollar for buying and selling at Rs 99.00 and Rs 99.25, they said. The rupee performed same
The rupee held the overnight levels versus the dollar and euro on the currency market on Friday, dealers said. The rupee did not show any change in relation to the dollar for buying and selling at Rs 99.00 and Rs 99.25, they said. The rupee performed same
Mixed patterns again witnessed on the forward cotton seeds oilcake market on Saturday in the process of trading, dealers said. The March vaida ended at Rs 906, it opened with a rise of 30 paisa at Rs 906.3 in the morning session, dealers said. The May con
A decline in fine quality cotton caused firmness in rates on the cotton market. The one-year New York high also contributed to stability in local prices, dealers said. The official spot rate stopped upward march, holding the overnight level at Rs 6,800, t
Argentina should produce 51 million to 52 million tonnes of soyabeans in 2012/13 and 27 million tonnes of corn, Agriculture Minister Norberto Yauhar told Reuters on Friday, forecasting an output increase from the previous season. The South American countr
Prices tended higher on the wholesale grain market on Friday in the process of subdued activity, dealers said. On the rice sector, Irri-6 Sindh low type gained Rs 50 to Rs 3450 and the best variety picked up Rs 25 to Rs 3475, other items maintained overni
US natural gas futures rose nearly 2 percent on Friday, lifted for a third straight session to a 3-1/2-month spot chart high as a string of supportive storage reports and forecasts for more cold weather in consuming regions lent support. Above-average nuc
The sudden rise in cocoa futures this week following months of weakness, coupled with good supply cover held by chocolate makers, reduced industry purchasing in Europe's cash cocoa market, traders said on Friday. "I think a lot of industrial buyers view t
Indian sugar futures extended losses on Friday to hit contract lows, hit by sluggish demand amid mounting supplies and as the government delayed a decision on decontrol of the sugar industry. As of 0919 GMT, the key April sugar contract on India's Nationa
Indian soyaoil futures rebounded on Friday from their lowest level in four months on bargain buying, supported by gains in overseas prices, though higher edible oil imports capped the upside. Soyabeans edged higher due to good export demand for soyameal a
Russia, looking to replenish state reserves after last year's drought, aims to buy 5 million tonnes of grain this year, Agriculture Minister Nikolai Fyodorov said on Friday. Though the harvest is expected to rebound after drought cut the 2012 wheat crop b
The Karachi Port handled 96,055 tonnes of cargo comprising 55,962 tonnes of import cargo and 40,093 tonnes of export cargo including 6,919 loaded and empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 55,9
ICE Canadian canola futures traded mixed on Friday, and ended with a weekly loss, after several sessions of thin, featureless activity, traders said. Weaker soyabeans overhung the market and were pressured by disappointing US crush data and South America
Chicago Board of Trade wheat futures were lower on Friday on profit-taking following a week-long rally that boosted the market over 3 percent, traders said. Improved US crop weather prospects put some pressure on wheat. Increased rainfall and some snow we
Soyabean export premiums at the US Gulf Coast were flat to lower on Friday, pressured by sinking South American premiums and seasonally slow demand for US beans, traders said. Nearby CIF soyabean basis bids were very thin as buying interest was minimal du
Spanish bond prices fell on Friday, giving up some of their recent gains against Italian counterparts, as the country lined up further debt auctions next week after a snap sale of long-dated debt this week. They also underperformed German Bunds after weak
Spanish bond prices fell on Friday, giving up some of their recent gains against Italian counterparts, as the country lined up further debt auctions next week after a snap sale of long-dated debt this week. They also underperformed German Bunds after weak
HD Supply, a one-time division of Home Depot Inc that was taken private for $8.5 billion in 2007, has chosen Bank of America Merrill Lynch, Barclays and J.P. Morgan Chase to lead a proposed initial public offering, people familiar with the matter said. Cr
US-listed shares of foreign companies ticked lower on Friday on weakness in Chinese stocks, but they eked out a second straight weekly gain. Markets in Hong Kong and China ended their worst week in three, dragged down by shares of Chinese property develop
Japanese government bonds held steady, with yields not far above record lows hit last week as the government on Friday gave its official nod to a new Bank of Japan leadership that is expected to proceed with aggressive monetary easing. The 20-year sector,
Japanese government bonds held steady, with yields not far above record lows hit last week as the government on Friday gave its official nod to a new Bank of Japan leadership that is expected to proceed with aggressive monetary easing. The 20-year sector,
Indian federal bond yields stayed in a tight range on Friday as investors were cautious about adding large positions ahead of the central bank's policy review next week, when it is widely expected to reduce rates by at least 25 basis points. The lower-tha
Indian federal bond yields stayed in a tight range on Friday as investors were cautious about adding large positions ahead of the central bank's policy review next week, when it is widely expected to reduce rates by at least 25 basis points. The lower-tha
India raised $116 million by selling shares in state-run National Aluminium Co Ltd (NALCO) on Friday, taking the government closer to its fundraising target to reduce the budget deficit. The single-day NALCO auction received bids for a total of 156.94 mil
The Thai bond market has seen $7.3 billion in inflows this year, the biggest of any Asian market, according to BNP Paribas, and analysts expect the trend to continue as interest rates are set to remain low and the baht is appreciating with no sign of inte
The Thai bond market has seen $7.3 billion in inflows this year, the biggest of any Asian market, according to BNP Paribas, and analysts expect the trend to continue as interest rates are set to remain low and the baht is appreciating with no sign of inte
US Treasuries prices rose on Friday as lower stock prices and an unexpected drop in March US consumer sentiment enhanced the allure of safe-haven US government debt. With $66 billion of new debt supply out of the way this week, investors were also moving
US Treasuries prices rose on Friday as lower stock prices and an unexpected drop in March US consumer sentiment enhanced the allure of safe-haven US government debt. With $66 billion of new debt supply out of the way this week, investors were also moving
Italy's Moleskine will open books on Monday on an initial public offer (IPO) valuing the maker of black notebooks at up to 561 million euros ($733 million) and bringing a majority stake onto the market. The maker of thread-bound jotters based on originals
Brazilian stocks fell on Friday after weak results from homebuilder MRV dampened the outlook for the country's construction sector, offsetting supportive economic growth data from the central bank. America Movil weighed on Mexico's bourse after a congress
Canada's main stock index ended higher on Friday on the back of surging energy stocks and a slight gain in financials, but the market just missed notching its fourth-straight weekly gain due to steep losses earlier in the week. The upward momentum was lar
US stocks slipped on Friday, ending the Dow Jones industrial average's longest winning streak since 1996 as investors paused just below the S&P 500's record high. A decline in J.P. Morgan Chase shares after the bank was hit by a one-two punch of bad news
After years of grabbing the spotlight in US-China economic relations, US concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft. Some lawmakers continue to argue a weak C
Latin American currencies edged lower on Friday as a decline in US consumer confidence weighed on the Mexican peso while doubts about future interest rate hikes in Brazil hit the real. The Brazilian real dropped 0.14 percent to 1.9840 per dollar as invest
The yen has taken a hit this year, but leading foreign exchange strategists polled by Reuters say it won't fall much further until the Bank of Japan actually follows through on promises of aggressive easing. For now, those plans remain far in the future.
The dollar fell from a recent seven-month high against a basket of currencies on Friday as investors opted to book profits after US inflation data kept the door open for the Federal Reserve to continue its bond-buying program for the foreseeable future. T
Euribor bank-to-bank lending rates were unchanged on Friday after the European Central Bank said a day earlier its monetary stance will remain accommodative. The ECB kept its main refinancing rate on hold at a record-low level of 0.75 percent last week, w
Currency speculators boosted bets in favour of the US dollar in the latest week to the highest in eight months, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $25.46
Scandinavia's top currencies will remain strong this year on healthy economic fundamentals, resilience to Europe's struggles and expectation that central banks will begin hiking rates before others, a Reuters poll found. Both the Norwegian and Swedish cro
The Canadian dollar touched its strongest level against its US counterpart in three weeks on Friday, underpinned by a broader US dollar selloff and as a batch of US data tempered recent optimism about the economy. The Canadian dollar gained nearly a cent
Sri Lanka's Rangana Herath bagged five wickets as Bangladesh were bowled out for 240 in their first innings on the opening day of the second and final Test in Colombo on Saturday. The left-arm spinner finished with 5-68, his 15th haul of five or more wick
US Open champion Andy Murray made a slew of unforced errors as he was knocked out of the BNP Paribas Open quarter-finals by Argentina's Juan Martin Del Potro on Friday. Though the British world number three edged a close first set 7-5 on the tiebreak, he
Maria Sharapova reached her first final of 2013 on Friday, beating Maria Kirilenko 6-4, 6-3 in a semi-final slugfest to set up a title showdown with Caroline Wozniacki at Indian Wells. By reaching the final, Sharapova is projected to rise one spot to No 2
Pakistan fast bowler Mohammad Irfan took four wickets in a devastating opening spell to set up a six-wicket win in the second one-day international against South Africa on Friday. Tall left-armer Irfan took a career-best four for 33 in seven overs as Sout
Brazilian Lucas Lee made an eight-foot birdie putt on the last hole on Saturday to snatch a one-stroke lead after three rounds of the $1 million Thailand Open at Thana City Golf & Sports Club near Bangkok. Lee's rounds of 65, 67 and 65 leave him 19 under
World Champions Australia will contest hosts Malaysia in the final Sunday of the Sultan Azlan Shah Cup after edging out the tournament's defending champions New Zealand. Australia booked their place with a 3-2 win over the Kiwis Saturday, while the Malays
A six-wicket haul by England paceman Stuart Broad left New Zealand fighting for survival as they were forced to follow on in the second Test at Wellington's Basin Reserve on Saturday. At stumps, with two days remaining, New Zealand were 77 for one in thei
Manchester City's fingertip hold on their Premier League title was further loosened after a demoralising 2-0 defeat at Everton on Saturday left them praying for a footballing miracle. Leon Osman's swerving 32nd-minute shot put Everton in front at a raucou
An unprecedented number of BPS-22 officers, said to be as many as 50, are working in the federal secretariat, excluding Salman Farooqui, Secretary of the Election Commission of Pakistan (ECP), Secretary Senate, Secretary of the National Assembly Wajid Ran
The Global Compact Network Pakistan in collaboration with Employers' Federation of Pakistan is organising a Private Sector/ Stakeholders Consultation meeting on Post - 2015 Development Agenda on March 21, 2013 at 4:30 pm at local hotel, Karachi.
Sindh Rangers on Saturday claimed arresting 18 suspects, including some members of a banned outfit, during a search operation in the Taiser Town area. According to officials, the operation was conducted on a tipoff. During the search operation, personnel
At least five persons were killed in separate incidents of violence in the Sindh metropolis on Saturday. According to police and rescue sources, unidentified armed men shot dead a man named Nadeem, 45, outside his house in Sector 5-G of New Karachi. Polic
For the first time in the history, Sindh Government's employees/officials (grade 01 to 20) received shields and Ajraks on their best performance, and many of them could not stop their tears on this occasion of great love and appreciation. Relief departmen
Despite threats and clashes between the two arch-rivals India still hoping that Pakistan would soon grant the Most Favoured Nation (MFN) status to India, India's top diplomat to the US has said that such a move would clear the ways for closer trade ties b
Naseem Anwar, Senior Vice Chairman, SITE Association of Industry congratulated Asif Ali Zardari, President of Islamic Republic of Pakistan upon ground breaking ceremony of Pak-Iran gas pipeline project held on 11th March 2013. He said that this courageous
veteran photo journalist F E Chaudhry known as 'Chacha' Chaudhry, breathed his last on his 104th birthday. He was the recipient of Tamgha-e-Khidmat, President's Pride of Performance, Sitara-e-Imtiaz and numerous other prestigious awards. He was the father
A fire at a warehouse in Korangi Industrial area police limits early Saturday morning spoiled cotton worth millions of rupees. According to the Fire Brigade department, the fire broke out at around 10:45am and some 18 sheds were on fire when they arrived
Defeated presidential contender Raila Odinga challenged his election loss in court on Saturday, alleging widespread ballot rigging in a fresh test of Kenyan democracy five years after a disputed vote triggered deadly tribal violence. Shortly before the pe
Sri Lanka denied entry to a British tourist sporting a Buddha tattoo on his arm because he showed disrespect to Buddhism, a newspaper report said Saturday. The unnamed Briton was turned back at Bandaranaike International Airport late Friday, according to
Four men raped a 39-year-old Swiss woman camping with her husband in an Indian forest, police said on Saturday, turning the spotlight anew on the security of women in the world's largest democracy. The attack on Friday night in the central state of Madhya
Hundreds of thousands of Venezuelans were on the streets again on Friday at a funeral parade for Hugo Chavez amid opposition protests that the government was exploiting his death to win the election. Chavez's remains were transported for about 12 miles (2
Three people were killed on Saturday when a Russian military helicopter crashed during a landing attempt in bad weather in Chechnya, investigators said. The Mi-8 helicopter belonged to a military base in nearby Stavropol region and crashed as it was attem
A Saudi preacher has appealed for reforms in the ultra-conservative kingdom, warning in an open letter posted Saturday on social networks that denial of rights was raising tensions in the country. "The people have aspirations, demands and rights and they
Thousands of Tunisians took to the streets of the capital Tunis on Saturday to call for an end to an Islamist government they blame for the assassination of a leading secular politician 40 days earlier. It was the biggest demonstration since Chokri Belaid
Brazil's main oil-producing states asked their country's Supreme Court on Friday to overturn a new law that strips them of billions of dollars in royalties levied on the output of rich offshore oil fields. The three main oil-producing states, Rio de Janei
A descendant of the family that founded Bunge Ltd in the 19th Century has quit the agribusiness company's board of directors, where he has served since the company went public in 2001. Jorge Born Jr., 50, told Bunge's 11-member board on March 8 that he wa
US President Barack Obama on Saturday renewed his call for developing new technologies that would reduce dependence on fossil fuels and shift American cars and trucks off petroleum gas. "The only way we're going to break this cycle of spiking gas prices f
Boeing Co said Friday its 787 Dreamliner jets could be airborne within weeks using a new battery system that includes safeguards against overheating, a prediction that drew scepticism from some regulators and industry experts. Japanese regulators immediat