The rupee retained overnight levels against the dollar on the open market on Saturday in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 99.70 and Rs 99.90, they said. While, the
The rupee retained overnight levels against the dollar on the open market on Saturday in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 99.70 and Rs 99.90, they said. While, the
Corn export premiums at the US Gulf Coast weakened on Friday amid slow dealings, while expectations for export demand kept soft red winter wheat premiums mostly steady, traders said. Asian buyers were in the market seeking US and Australian wheat as globa
Both the vaidas were lower on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The May vaida ended at Rs 909.50, they said. It opened with 50 paisa loss at Rs 909.00 in the morning session, dealers said. The July
Not much activity was witnessed on the cotton market on Saturday as mills and spinners were on the sidelines in the absence of basic requirements for doing business in the country, dealers said. The official spot rate was inert at Rs 6,600, they said. Rat
ICE Canadian canola futures slipped on Friday for the third straight day, weakened by farmer selling into the cash markets, and posted their first weekly loss in three weeks, traders said. Canola finished lower despite higher soybean markets and supportiv
European milling wheat futures edged lower in thin trade on Friday in step with the US market as a slowdown in exports and improved weather conditions weighed on prices. "There is not much going on in the market. We are following Chicago and looking for n
Cash bids for hard red winter wheat were steady in the US Plains on Friday as farmers and other market players were assessing production potential of the new crop. An industry tour of top wheat producer Kansas kicks off Monday afternoon and dozens of crop
Indian sugar futures were steady on Friday afternoon after hitting a contract low as bargain buying outweighed ample supplies and weak demand in the spot market The key June contract on the National Commodity and Derivatives Exchange was down 0.10 percent
Indian soyabean futures hit a contract high on Friday due to a rise in overseas prices and thin supplies as farmers delayed sales expecting further rise in prices. Soyaoil rose on good demand and a rise in overseas palm oil prices while rapeseed edged hig
Corn spot basis bids were narrowly lower at US Midwest elevators on Friday, pressured by the rising inverted futures spread that crimped margins for the commercial resellers of the yellow grain, dealers said. Bids eased 2 to 4 cents per bushel at elevator
The Karachi Port handled 133,429 tonnes of cargo comprising 104,414 tonnes of import cargo and 29,015 tonnes of export cargo including 5,344 loaded and empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 10
A few changes were seen on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, wheat old Bardan gained Rs 30 to Rs 2980, other items maintained overnight levels, they added. On the seeds side, cottonseeds o
Kenya's tea production in March jumped 87 percent on a year ago to 33.3 million kg due to favourable weather, according to national regulator, the Tea Board. Kenya, east Africa's largest economy, is the world's top exporter of black tea, which is a major
China, a major consumer of vegetable oils, recently bought a small volume of rapeseed oil from Europe for the first time in two years as it was cheaper than domestic prices, the China National Grain and Oils Information Centre (CNGOIC) said. Chinese buyer
Austria aims to agree within weeks to give other European Union countries access to foreigners' bank account details, Chancellor Werner Faymann said on Saturday, allowing the bloc to begin talks over bank secrecy with non-EU states such as Switzerland. Fa
Moody's Investors Service and Standard & Poor's on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt vehicles that they had rated. The lawsuits had accused Mood
Moody's Investors Service and Standard & Poor's on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt vehicles that they had rated. The lawsuits had accused Mood
German financial markets watchdog Bafin has not turned up any evidence that German bank directors were involved in manipulating benchmark interest rates, a top Bafin official has told the Wall Street Journal Deutschland. "We have no indication of any syst
India's highest court has postponed until further notice a hearing for telecom tycoon Sunil Bharti Mittal over corruption allegations involving the allotment of telecom airwaves. Mittal, chief of Bharti Airtel, India's biggest mobile operator, was last mo
Ethiopian Airlines on Saturday became the world's first carrier to resume flying Boeing Co's 787 Dreamliner passenger jets, landing the first commercial flight since the global fleet was grounded three months ago following incidents of overheating in the
President Barack Obama on Saturday called on the US Congress to end the "reckless" and "dumb" budget cuts known as the sequester, and to adopt a plan of "smarter" cuts to fuel economic growth. Obama's weekly address comes after Congress on Friday overwhel
The European Commission launched an investigation on Saturday into industry claims that Chinese makers of solar glass benefit from illegal subsidies, notching up another case against its No 2 trading partner. The inquiry follows a complaint from trade bod
Thousands of Slovenians gathered Saturday in central Ljubljana to protest against corruption and austerity measures in the crisis-hit eurozone country and to demand early elections take place by the end of the year. Some 2,500 demonstrators, according to
Belgium has pared back its public debt with the sale of the structured credit portfolio held by its 'bad bank', Royal Park Investments, to US private equity firm Lone Star and Credit Suisse, the finance ministry said on Saturday. Finance Minister Koen Gee
Brazil's state-controlled oil company Petrobras said on Saturday that domestic production fell 3.9 percent in March from February to 1.85 million barrels of oil equivalent per day, dropping for the 10th consecutive month. Falling output triggered a 17 per
LivingSocial, the second-largest daily deal company behind Groupon Inc, said on Friday it was hit by a cyber attack that may have affected more than 50 million customers. The company said the attack on its computer systems resulted in unauthorised access
China's industrial profits grew 12.1 percent in the first quarter this year from a year ago, official data showed on Saturday. Chinese industrial firms made total profits of 1.17 trillion yuan ($189.78 billion) in the first three months, the National Bure
Tunisia's stock exchange expects a surge in new listings between now and the end of the year as political risk eases following the establishment of a new government. Fifteen companies have applied for initial public offerings, which would expand the numbe
Demand for low-risk government bonds lifted German Bunds on Friday after data showed the US economy grew at a slower-than-forecast pace in the first quarter. The US figures fuelled bets the Federal Reserve might consider more measures to bolster the econo
Demand for low-risk government bonds lifted German Bunds on Friday after data showed the US economy grew at a slower-than-forecast pace in the first quarter. The US figures fuelled bets the Federal Reserve might consider more measures to bolster the econo
Canada's main stock market finished lower on Friday as natural resource stocks slumped and market sentiment soured following US economic growth data that fell short of expectations. US gross domestic product expanded at a 2.5 percent rate, an increase fro
Indian benchmark bond yields and swap rates recorded a fifth weekly fall, as a string of positive macroeconomic data and a respite in global commodity prices in recent weeks are seen offering elbow-room to the central bank to respond to growth concerns. A
Indian benchmark bond yields and swap rates recorded a fifth weekly fall, as a string of positive macroeconomic data and a respite in global commodity prices in recent weeks are seen offering elbow-room to the central bank to respond to growth concerns. A
Sri Lankan shares hit a seven-month high on Friday, breaking the psychological barrier of 6,000 level, helped by retail investor buying on hopes interest rates will ease, while the rupee closed firmer on dollar sales by state banks. The main stock index r
Latin American stocks tumbled on Friday after the United States reported disappointing economic growth for the first three months of the year, fuelling concerns about the global economy. Mexico's IPC stock index fell 1.53 percent to 41,897.00, falling bel
Japanese government bond prices were mostly lower on Friday, as investors looked ahead to a 10-year debt offering during the holiday-shortened week ahead. The superlong tenor fared better as some investors bought on dips, shrugging off the Bank of Japan's
Japanese government bond prices were mostly lower on Friday, as investors looked ahead to a 10-year debt offering during the holiday-shortened week ahead. The superlong tenor fared better as some investors bought on dips, shrugging off the Bank of Japan's
Turkish IPOs could ride in the slipstream of Pegasus Airlines. The long-awaited initial public offering of the fast-growing low-cost carrier is the largest the country's lumpy new-issues market has seen for two years. Success could encourage more large fi
Economic slowdown, financial market scandals and worries over IPO resumption dented the confidence of Chinese fund managers, who reduced their appetite for stocks for the third month in a row in April, the latest Reuters fund poll showed. The average reco
Economic slowdown, financial market scandals and worries over IPO resumption dented the confidence of Chinese fund managers, who reduced their appetite for stocks for the third month in a row in April, the latest Reuters fund poll showed. The average reco
Investors looking to take advantage of the recovering US housing market have flocked to large public offerings from industrial companies despite the sector's high debt load and modest growth. Propelled by a stock market rebound as well as an uptick in pri
Brazil's Alupar Investimento S.A. raised 851 million reais (US $421 million) through an initial public offering, according to data released on Monday by the country's stock market regulator. Alupar, an energy transmission and generation company, sold 46 m
Brazil's Alupar Investimento S.A. raised 851 million reais (US $421 million) through an initial public offering, according to data released on Monday by the country's stock market regulator. Alupar, an energy transmission and generation company, sold 46 m
Benchmark US Treasuries yields fell on Friday after data showed the US economy grew at a slower-than-expected pace in the first quarter, adding to fears that next week's closely watched payrolls report for April may also disappoint. Although US economic g
Benchmark US Treasuries yields fell on Friday after data showed the US economy grew at a slower-than-expected pace in the first quarter, adding to fears that next week's closely watched payrolls report for April may also disappoint. Although US economic g
US stocks dipped in thin volume on Friday, though the market had a strong week overall despite a mixed bag of earnings and weak economic figures. Shares of online retailer Amazon.com Inc posted the largest daily drop in 15 months after the company reporte
A Ugandan budget deficit arising from European donor countries cutting aid could hurt the Ugandan shilling in the coming week while the Kenyan shilling is expected to strengthen as foreign investors buy its government securities. Commercial banks quoted t
The Mexican peso gained on Friday after central bank chief Agustin Carstens said the currency was undervalued, suggesting policymakers would tolerate a stronger exchange rate before intervening in the market. Other Latin American currencies suffered as we
Currency speculators slightly reduced their bets in favour of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $24.94 billion in the w
Long positions on the Chinese yuan rose to their highest level in 20 months in the last two weeks on views of a wider trading band, while sentiment on the Philippine peso turned bearish for the first time since June, a Reuters poll showed. Bullish bets on
The dollar slid on Friday to its lowest against the yen in more than a week after the Bank of Japan left policy unchanged and after data showed the US economy expanded in the first quarter more slowly than economists had expected. The dollar was on pace t
Forint-denominated Hungarian government bonds retreated on Friday as investors continued to shift into foreign currency debt following a decline in domestic yields. Investors globally are seeking higher yields offered by emerging market assets relative to
Key Euribor bank-to-bank lending rate ticked up on Friday as policymakers sent diverging messages about the effectiveness of looser monetary policy in the euro zone. Pressure is growing on the European Central Bank to cut interest rates further after weak
The Canadian dollar hit its strongest level in nearly two weeks versus the US dollar on Friday after data showed US economic growth sped up in the first quarter but not by as much as had been expected. The US dollar tumbled against the yen after the Bank
Jamaican Andrew Riley crashed the Olympic 110m hurdles reunion on Friday, edging London Games gold medalist and world record-holder Aries Merritt at the Drake Relays athletics meeting. Riley, a 24-year-old who recently completed a US collegiate athletics
Olympic gold medallist Alicia Coutts Saturday captured two national titles, while Christian Sprenger beat close rival Brenton Rickard, with all three securing places on the Australian team for the Barcelona world championship. Coutts, a five-time medallis
An 84-run partnership between Shakib Al Hasan and Mushfiqur Rahim tightened Bangladesh's grip on the second Test against Zimbabwe, but it was fast bowler Robiul Islam who deserved the plaudits on day three at Harare Sports Club. Robiul became the first se
Reigning IBSF World Champion Muhammad Asif, Hamza Akbar and Mohammad Sajjad got off to a confident start on the opening day of Jubilee Insurance 29th Asian Snooker Championship at Darbar Hall of a local hotel here on Saturday. Faisalabad-based Asif top se
Rafael Nadal kept alive his hopes of an eighth title at the Barcelona Open on Saturday as he waited out a rain delay before hammering Canadian Milos Raonic 6-4, 6-0 in their semi-final. The second seed will face Spanish compatriot Nicolas Almagro on Sunda
Bayern Munich made ten changes from their stunning Champions League semi-final, first leg win over Barcelona but still beat Freiburg 1-0 on Saturday to break the record for the number of points in a Bundesliga season. Centre-back Jerome Boateng was the on
Barcelona will have to wait until at least next weekend before sealing the La Liga title as Ander Herrera's 89th minute equaliser rescued a 2-2 draw for Athletic Bilbao at San Mames. The Basques had the better of the opening period and went in front on 27
Defending champion Maria Sharapova on Saturday booked her place in the final of the Stuttgart WTA tournament after seeing off Germany's Angelique Kerber with a 6-3, 2-6, 7-5 victory in yet another three-set tussle. The 26-year-old Russian has also been ta
Wigan Athletic remain in the Premier League relegation zone after Emmerson Boyce's last-minute own goal gifted Tottenham Hotspur a 2-2 draw on Saturday, while Liverpool put the Luiz Suarez saga behind them with a 6-0 thrashing of Newcastle United. Having
Two people were killed and 16 injured when the ceiling of a hospital in central India came crashing down, trapping patients and employees under the rubble, officials said Saturday. Rescue workers smashed through giant slabs of concrete and combed through
The number of Guantanamo detainees participating in a hunger strike has risen to 100 out of 166, a spokesman for the US-run military prison said Saturday. Among those refusing sustenance, 20 have been given nasal feeding tubes, Lieutenant Colonel Samuel H
Syria dismissed as a "barefaced lie" on Saturday American and British claims it may have used chemical arms, as staunch ally Russia warned against using such fears to intervene militarily in the strife-torn country. "First of all, I want to confirm that s
Two factory bosses and two engineers were detained in Bangladesh on Saturday, three days after the collapse of a building where low-cost garments were made for Western brands killed at least 352 people. More were being pulled alive from the rubble at the