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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-03-17
Treasuries outlook: prices rise as consumer sentiment takes a hit

Treasuries outlook: prices rise as consumer sentiment takes a hit

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
Published 17 Mar, 2013 12:00am
Zimbabwe votes on curbs to president's powers

Zimbabwe votes on curbs to president's powers

Zimbabweans voted on Saturday in a referendum expected to endorse a new constitution that would trim presidential powers and pave the way for an election to decide whether Robert Mugabe extends his three-decade rule. Mugabe, Africa's oldest president at 8
Published 17 Mar, 2013 12:00am
US to bolster missile defences to counter North Korea threat: Hagel

US to bolster missile defences to counter North Korea threat: Hagel

US Defence Secretary Chuck Hagel announced plans on Friday to bolster US missile defences in response to "irresponsible and reckless provocations" by North Korea, which threatened a preventative nuclear strike against the United States last week. Hagel sa
Published 17 Mar, 2013 12:00am
Anti-mafia judge, UN official to lead Italy's parliament

Anti-mafia judge, UN official to lead Italy's parliament

Italy's new parliament on Saturday elected a former human rights official and a former anti-mafia prosecutor as speakers of the lower and upper houses ahead of formal talks on forming a government after inconclusive elections. Laura Boldrini, who was a sp
Published 17 Mar, 2013 12:00am
Hundreds protest in Kabul over US special forces

Hundreds protest in Kabul over US special forces

Hundreds of Afghan demonstrators on Saturday marched to the parliament complex in the capital Kabul demanding US special forces withdraw from Wardak province after allegations of abuse. President Hamid Karzai ordered elite US units to pull out of the stra
Published 17 Mar, 2013 12:00am
Space crew returns to Earth

Space crew returns to Earth

Three astronauts returned safely to Earth from the International Space Station early Saturday, aboard a Russian capsule which landed on the freezing Kazakhstan steppe, mission control said. "There is landing!" flashed a Russian mission control centre mess
Published 17 Mar, 2013 12:00am
Iraq to spend $173 billion on energy infrastructure

Iraq to spend $173 billion on energy infrastructure

Iraq plans to invest $173 billion in its energy infrastructure over the next five years in order to dramatically ramp up crude output, Oil Minister Abdelkarim al-Luaybi said on Saturday. The investment in upstream activities, refineries and to increase na
Published 17 Mar, 2013 12:00am
Shell earmarks $1 billion to develop Iraq Majnoon field

Shell earmarks $1 billion to develop Iraq Majnoon field

Royal Dutch Shell has allocated more than $1 billion to develop Iraq's Majnoon oilfield in 2013, the head of the joint management committee for the field said on Saturday. "The figure for the budget will exceed one billion dollars," said Mehdi Badi. The c
Published 17 Mar, 2013 12:00am
Goldman sells final stake in Epocrates

Goldman sells final stake in Epocrates

Goldman Sachs Group Inc received $32.5 million for its remaining stake in Epocrates Inc, after the healthcare technology company was acquired by athenahealth Inc, according to a securities filing on Friday. Goldman had originally acquired 3 million shares
Published 17 Mar, 2013 12:00am
Japan, China, Korea offered stake in Russian LNG project

Japan, China, Korea offered stake in Russian LNG project

Chinese, Korean and Japanese firms are being invited to compete for a large minority stake in a huge LNG project being developed by Russia's largest independent gas producer Novatek, Energy Minister Alexander Novak said. Novatek has said it plans to retai
Published 17 Mar, 2013 12:00am
Indian banks probe alleged money laundering

Indian banks probe alleged money laundering

India's second-largest bank by assets, ICICI, said Saturday it has suspended 18 employees in a probe into possible money laundering after a media sting targeting leading private lenders. Online Indian news outlet CobraPost said earlier this week one of it
Published 17 Mar, 2013 12:00am
Cypriot banks to transfer Greek units to Greek owners

Cypriot banks to transfer Greek units to Greek owners

Cypriot banks will transfer their Greek units to Greek owners as part of the island's international bailout agreed earlier on Saturday, two government and banking sources in Athens told Reuters. Cypriot banks account for the bulk of the 10 billion euros (
Published 17 Mar, 2013 12:00am
Cypriot banks to transfer Greek units to Greek owners

Cypriot banks to transfer Greek units to Greek owners

Cypriot banks will transfer their Greek units to Greek owners as part of the island's international bailout agreed earlier on Saturday, two government and banking sources in Athens told Reuters. Cypriot banks account for the bulk of the 10 billion euros (
Published 17 Mar, 2013 12:00am
Hedge funds raise bullish commodity bets first time in five weeks

Hedge funds raise bullish commodity bets first time in five weeks

Hedge funds and other big speculators raised their bullish bets on US commodities for the first time in five weeks, piling mostly into natural gas and corn due to favourable supply and demand situations, trade data showed on Friday.
Published 17 Mar, 2013 12:00am
Hedge funds raise bullish commodity bets first time in five weeks

Hedge funds raise bullish commodity bets first time in five weeks

Hedge funds and other big speculators raised their bullish bets on US commodities for the first time in five weeks, piling mostly into natural gas and corn due to favourable supply and demand situations, trade data showed on Friday.
Published 17 Mar, 2013 12:00am
China to invest $2 billion in IADB Latin American investment fund

China to invest $2 billion in IADB Latin American investment fund

China will invest $2 billion to back Interamerican Development Bank (IADB) public and private sector projects in Latin America and the Caribbean, the development bank said on Saturday. The contribution by the People's Bank of China will be used to co-fina
Published 17 Mar, 2013 12:00am
China agency urges Volkswagen to recall vehicles

China agency urges Volkswagen to recall vehicles

China's consumer quality agency on Saturday urged German auto giant Volkswagen (VW) to recall vehicles with a gearbox defect that it said could lead to engine power failures. It was not immediately clear how many vehicles or what models would be affected
Published 17 Mar, 2013 12:00am
Petrobras ups exploration, production budget

Petrobras ups exploration, production budget

Brazil's state-controlled oil company Petrobras announced a $236.7 billion five-year investment plan on Friday, beefing up exploration and production spending as it moves to boost output and prepare for its first oil rights auctions since 2008.
Published 17 Mar, 2013 12:00am
Britain to close offshore payroll tax loophole

Britain to close offshore payroll tax loophole

Britain will close a loophole that has allowed some employers to avoid paying payroll taxes by routing wages through overseas intermediaries, the Treasury said on Saturday. It said over 100,000 people working for British firms were employed through payrol
Published 17 Mar, 2013 12:00am
UK opposition party calls for tax cuts to boost economy

UK opposition party calls for tax cuts to boost economy

Britain's finance minister George Osborne should cut payroll taxes in a budget next week to boost a stagnant economy teetering on the edge of its third recession in four years, the opposition Labour party said on Saturday. An emergency tax cut would pay f
Published 17 Mar, 2013 12:00am
Boeing sees 787 airborne in weeks; timetable questioned

Boeing sees 787 airborne in weeks; timetable questioned

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
Published 17 Mar, 2013 12:00am
Obama renews call for investment in efficient energy

Obama renews call for investment in efficient energy

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
Published 17 Mar, 2013 12:00am
Bunge director, member of founding family, quits board

Bunge director, member of founding family, quits board

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
Published 17 Mar, 2013 12:00am
Brazilian oil states take royalty war to Supreme Court

Brazilian oil states take royalty war to Supreme Court

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
Published 17 Mar, 2013 12:00am
Thousands of Tunisians call for government to quit

Thousands of Tunisians call for government to quit

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
Published 17 Mar, 2013 12:00am
Saudi preacher urges reforms to ease tensions in kingdom

Saudi preacher urges reforms to ease tensions in kingdom

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
Published 17 Mar, 2013 12:00am
Three dead in Russian military helicopter crash

Three dead in Russian military helicopter crash

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
Published 17 Mar, 2013 12:00am
Venezuelans flood streets for another Chavez coffin parade

Venezuelans flood streets for another Chavez coffin parade

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
Published 17 Mar, 2013 12:00am
Swiss tourist gang-raped while camping in India

Swiss tourist gang-raped while camping in India

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
Published 17 Mar, 2013 12:00am
Sri Lanka bars Briton with Buddha tattoo

Sri Lanka bars Briton with Buddha tattoo

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
Published 17 Mar, 2013 12:00am
Kenya's Odinga challenges election defeat in top court

Kenya's Odinga challenges election defeat in top court

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
Published 17 Mar, 2013 12:00am
Korangi cotton warehouse gutted

Korangi cotton warehouse gutted

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
Published 17 Mar, 2013 12:00am
'Chacha' Chaudhry dies on 104th birthday

'Chacha' Chaudhry dies on 104th birthday

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
Published 17 Mar, 2013 12:00am
SITE congratulates Zardari on IP gas pipeline project

SITE congratulates Zardari on IP gas pipeline project

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
Published 17 Mar, 2013 12:00am
India seeks MFN status from Pakistan

India seeks MFN status from Pakistan

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
Published 17 Mar, 2013 12:00am
Haleem distributes shields, Ajraks among Relief Department's employees

Haleem distributes shields, Ajraks among Relief Department's employees

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
Published 17 Mar, 2013 12:00am
Five die in Karachi violence

Five die in Karachi violence

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
Published 17 Mar, 2013 12:00am
Taiser Town search operation: members of banned outfit among 18 detained

Taiser Town search operation: members of banned outfit among 18 detained

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
Published 17 Mar, 2013 12:00am
Global Compact Network Pakistan to hold seminar on March 21

Global Compact Network Pakistan to hold seminar on March 21

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.
Published 17 Mar, 2013 12:00am
PPP opens floodgates for promotions in bureaucracy

PPP opens floodgates for promotions in bureaucracy

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
Published 17 Mar, 2013 12:00am
Everton leave Man City title hopes in tatters

Everton leave Man City title hopes in tatters

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
Published 17 Mar, 2013 12:00am
Broad leaves New Zealand on ropes

Broad leaves New Zealand on ropes

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
Published 17 Mar, 2013 12:00am
Australia to meet Malaysia in hockey final

Australia to meet Malaysia in hockey final

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
Published 17 Mar, 2013 12:00am
Brazilian Lee takes lead at Thailand Open

Brazilian Lee takes lead at Thailand Open

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
Published 17 Mar, 2013 12:00am
Pakistan level series after a six-wicket victory

Pakistan level series after a six-wicket victory

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
Published 17 Mar, 2013 12:00am
Sharapova books Indian Wells final against Wozniacki

Sharapova books Indian Wells final against Wozniacki

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
Published 17 Mar, 2013 12:00am
Murray ousted by Del Potro, Djokovic cruises

Murray ousted by Del Potro, Djokovic cruises

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
Published 17 Mar, 2013 12:00am
Five-wicket Herath restricts Bangladesh

Five-wicket Herath restricts Bangladesh

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
Published 17 Mar, 2013 12:00am
Canadian dollar climbs to three-week high

Canadian dollar climbs to three-week high

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
Published 17 Mar, 2013 12:00am
Swedish, Norwegian crowns to stay among top currency performers

Swedish, Norwegian crowns to stay among top currency performers

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
Published 17 Mar, 2013 12:00am
Speculators lift dollar bets to highest since July

Speculators lift dollar bets to highest since July

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
Published 17 Mar, 2013 12:00am
Euribor rates unchanged

Euribor rates unchanged

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
Published 17 Mar, 2013 12:00am
Dollar falls on profit-taking ahead of Fed meeting

Dollar falls on profit-taking ahead of Fed meeting

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
Published 17 Mar, 2013 12:00am
Yen to take a breather after sharp slide

Yen to take a breather after sharp slide

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.
Published 17 Mar, 2013 12:00am
Mexican peso up, Brazil real drops

Mexican peso up, Brazil real drops

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
Published 17 Mar, 2013 12:00am
US concern on China currency fades as yuan grinds higher

US concern on China currency fades as yuan grinds higher

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
Published 17 Mar, 2013 12:00am
Dow retreats from 10-day rally; J.P Morgan weighs

Dow retreats from 10-day rally; J.P Morgan weighs

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
Published 17 Mar, 2013 12:00am
Energy shares power TSX, but weekly gain slips away

Energy shares power TSX, but weekly gain slips away

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
Published 17 Mar, 2013 12:00am
Brazilian stocks down

Brazilian stocks down

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
Published 17 Mar, 2013 12:00am
Italy's Moleskine launches 280 million euro public offer

Italy's Moleskine launches 280 million euro public offer

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
Published 17 Mar, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
The Weather

The Weather

The weather report on Saturday (March 16, 2013) and the forecast for Sunday (March 17, 2013).

Published 17 Mar, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

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
Published 17 Mar, 2013 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

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
Published 17 Mar, 2013 12:00am
JGBs steady

JGBs steady

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,
Published 17 Mar, 2013 12:00am
CBOT wheat futures lower on profit-taking

CBOT wheat futures lower on profit-taking

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
Published 17 Mar, 2013 12:00am
Soya export premiums weak at US Gulf Coast

Soya export premiums weak at US Gulf Coast

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
Published 17 Mar, 2013 12:00am
Spanish bonds underperform

Spanish bonds underperform

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
Published 17 Mar, 2013 12:00am
Spanish bonds underperform

Spanish bonds underperform

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
Published 17 Mar, 2013 12:00am
HD Supply picks underwriters to lead IPO

HD Supply picks underwriters to lead IPO

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
Published 17 Mar, 2013 12:00am
ADR Report: China leads foreign shares lower, America Movil slumps

ADR Report: China leads foreign shares lower, America Movil slumps

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
Published 17 Mar, 2013 12:00am
JGBs steady

JGBs steady

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,
Published 17 Mar, 2013 12:00am
Thai bonds see record inflows, outdoing rest of Asia

Thai bonds see record inflows, outdoing rest of Asia

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
Published 17 Mar, 2013 12:00am
Thai bonds see record inflows, outdoing rest of Asia

Thai bonds see record inflows, outdoing rest of Asia

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
Published 17 Mar, 2013 12:00am
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