Sri Lankan shares slipped to near one-week low on Wednesday as foreign investors sold in diversified stocks such as market heavy weight John Keells Holdings. The main share index ended down 0.3 percent, or 18.26 points, at 6,037.22, its lowest close since
European equities rose on Wednesday, kept buoyant by robust data out of the United States and Europe as well as strong earnings releases from major companies. The FTSEurofirst 300 closed up 0.2 percent at 1,208.17 points, with drinks group AB Inbev leadin
India's NSE index edged down on Wednesday to its lowest close in a month as lenders extended recent declines on uncertainty about how long the central bank will maintain its measures to defend the rupee by raising short-term interest rates. The broader NS
Saudi Arabia's bourse rose to a near 16-month high on Wednesday, close to last year's peak, as investors bought shares in companies that they believed would profit from increased consumer spending during Ramazan. The index climbed 0.7 percent to its highe
Prices for US Treasuries were little changed on Tuesday as caution ruled the market a day ahead of a policy statement from the Federal Reserve that is expected to provide indications of when the Fed will begin to scroll back on its stimulus, as well as th
Prices for US Treasuries were little changed on Tuesday as caution ruled the market a day ahead of a policy statement from the Federal Reserve that is expected to provide indications of when the Fed will begin to scroll back on its stimulus, as well as th
South Korean shares fell 0.2 percent in volatile trade on Wednesday amid caution before a US Federal Reserve policy statement and US GDP data, though foreign investor buying offered some support. The Korea Composite Stock Price Index (KOSPI) closed down a
Taiwan stocks fell 0.2 percent on Wednesday, weighed by smartphone maker HTC that forecast third-quarter revenue far worse than expected and underscoring deepening troubles with little prospect of an immediate turnaround. The main TAIEX index had dropped
The Dow and the S&P 500 finished nearly flat on Tuesday, helped by gains in technology shares and Pfizer, while potash shares were the day's big losers. The tech sector index rose 0.7 percent, leading the S&P 500's advance. Shares of Facebook jumped 6.2 p
US stocks held slim gains on Wednesday, pulling back from session highs after stronger-than-expected data on jobs and the economy, as investors waited for a Federal Reserve statement that could spell out the US central bank's stimulus plans for the coming
Tokyo stocks closed down 1.45 percent on profit-taking Wednesday after the previous day's gains, with the latest batch of corporate earnings figures failing to stoke buying interest. The benchmark Nikkei 225 index, which rose 1.53 percent on Tuesday after
Hong Kong shares slipped 0.32 percent on Wednesday as traders awaited the conclusion of the US Federal Reserve's policy meeting, looking for clues about the future of its stimulus programme. The benchmark Hang Seng Index fell 70.30 points to 21,883.66 on
Australian shares pared some earlier gains to inch up 0.1 percent on Wednesday, underpinned by yield plays in banks, but miners fell as investors cut exposure ahead of the Federal Reserve's policy decision and data that could raise questions on global dem
US economic growth unexpectedly accelerated in the second quarter, laying a firmer foundation for the rest of the year that could bring the Federal Reserve a step closer to cutting back its monetary stimulus. Gross domestic product grew at a 1.7 percent a
EADS will combine its defence and space units and take the name of its flagship brand Airbus, adopting a similar structure and style to arch-rival Boeing as it targets higher profits. Nine months after abandoning attempts to merge with UK arms firm BAE Sy
Social networking giant Facebook Wednesday breached its 2012 IPO price of $38 a share for the first time since the company's May 2012 initial public offering. Facebook got as high as $38.31 Wednesday shortly after the market opened, before retreating. Sha
Social networking giant Facebook Wednesday breached its 2012 IPO price of $38 a share for the first time since the company's May 2012 initial public offering. Facebook got as high as $38.31 Wednesday shortly after the market opened, before retreating. Sha
China's authorities, mindful of the risk of a sharp economic slowdown that could derail their reform efforts, sent their clearest signal yet that they will safeguard growth and tweak policy when necessary. The message from a meeting of China's top decisio
The number of people out of a job in the euro zone has fallen for the first time in more than two years, the latest sign the bloc may make a muted recovery from recession later this year. Falling spending in June by shoppers in Germany, France and Spain,
Global banking giant HSBC said Wednesday that non-executive director James Comey has stepped down from the board after his confirmation as director of the FBI. The US Senate had on Monday confirmed President Barack Obama's pick to head the FBI at a time o
Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, announcing a $2.2 billion play on Air Products & Chemicals Inc, but shed no light on how the billionaire trader kept the position secret for the past two months. The activist in
Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, announcing a $2.2 billion play on Air Products & Chemicals Inc, but shed no light on how the billionaire trader kept the position secret for the past two months. The activist in
The global forum charged with cracking down on tax havens said Wednesday it found that Luxembourg was not fully meeting international standards in helping other countries seeking to find tax cheats. The Global Forum on Transparency and Exchange of Informa
German engineering giant Siemens replaced its chief executive Wednesday in a drive to bring the conglomerate back on track after a profit warning sparked the ejection of his predecessor. The company said chief financial officer Joe Kaeser, 56, had been un
Almost 26 percent of the South African workforce is now out of work, according to official data released Tuesday, which showed a worsening of the country's already dire labour problems. The unemployment rate in the second quarter rose to 25.6 percent, fro
The Canadian economy grew by 0.2 percent in May from April, according to Statistics Canada data on Wednesday, below forecasts and dampening expectations for the second quarter. The fifth consecutive monthly increase beat the 0.1 percent rate registered in
Construction sector and a calmer economic environment in Europe will help the Swiss economy will gather momentum as it heads into 2014, a leading indicator suggested on Wednesday, The reading, which has been improving since March, contrasts with recent co
Oil groups BP and Total and two other energy firms have taken stakes in a consortium which will build a trans-Adriatic gas pipeline seen as key to help Europe reduce its dependence on Russia. The so-called Trans Adriatic Pipeline (TAP) consortium announce
Prime Minister Shinzo Abe is on course to raise Japan's sales tax as scheduled in a crucial step toward fixing the nation's tattered finances, despite calls in his government to water down the increase, senior coalition officials said on Wednesday.
Premiums of Vietnamese coffee to London futures prices rose on Tuesday as farmers held back stocks in the hope that global prices would climb, traders said. Premiums for robusta grade 2, 5 percent black and broken beans increased to $80 to $100 a tonne to
Indian sugar futures edged higher, extending gains for a second day due to an improvement in spot demand, but forecast of surplus production and higher stocks kept a lid on gains. The key August contract on the National Commodity and Derivatives Exchange
The Taiwan Flour Millers' Association has bought 97,200 tonnes of milling wheat to be sourced from the United States in a tender for the same volume which closed on Tuesday, European traders said. The tender had sought shipment of 53,300 tonnes from Augus
According to the Wholesale Grain Merchant Group release, local commodity and Oilseeds Markets were closed on Wednesday on account of death anniversary of Hazrat Ali (R.A.).
Official spot rate was down on the cotton market on Wednesday amid cautious buying by mills and spinners, dealers said. The official spot rate drifted lower by Rs 50 to Rs 6,450, they said. In the ready business, around 11,000 bales of cotton changed hand
The Karachi Port handled 200,794 tonnes of cargo comprising 168,547 tonnes of import cargo and 32,247 tonnes of export cargo including 4,124 loaded and empty containers during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 1
European wheat futures edged higher on Wednesday due to uncertainty about harvest results and brisk demand on export markets and in step with a rise in the US market. Paris prices were still close to contract lows struck on Monday as the prospect for larg
Corn export premiums at the US Gulf Coast were steady to higher on Tuesday, supported by rising basis bids in the CIF barge market and moderate demand from regular importers for new-crop shipments, traders said. Export loading capacity was getting tight f
Corn and soyabean spot basis bids were steady to sharply higher around the US Midwest on Tuesday, with the basis rising for the second straight day after farmer sales of the commodities ground to a halt in the wake of last week's record declines in bids,
Corn and soyabean spot basis bids were steady to sharply higher around the US Midwest on Tuesday, with the basis rising for the second straight day after farmer sales of the commodities ground to a halt in the wake of last week's record declines in bids,
Tea prices in Bangladesh rose at a weekly auction on Tuesday, snapping a three-week losing streak, on an improvement in demand from local buyers, brokers said. The average price of Bangladeshi tea was 239.09 taka ($3.1) per kg against 234.23 taka in the p
About us: Over three decades ago we emerged. And then started to grow - gaining more strength, yielding more output, inspiring more lives - until we reached the top in our field. Yet, even at this stage, the nature of growth continues to stimulate our gen
Company Overview The story of textiles in the subcontinent is the story of Gul Ahmed. The group began trading in textiles in the early 1900s. The group entered in the field of manufacturing with the establishment of today's iconic name of Gul Ahmed
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
Chief Justice Iftikhar Chau-dhry on Wed-nesday issued contempt notice to Pakistan Tehrik-e-Insaf Chairman Imran Khan for August 02 to explain why contempt of court proceeding should not be initiated against him over his remarks about judiciary's role in t
Equities moved both the ways and finally closed in minus column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Wednesday. The LSE-25 index declined by 03.08 points and was closed at 5044.93 points against 5048.01 points of Tuesda
The US Federal Reserve said on Wednesday the economy continues to recover but is still in need of support, offering no indication that a reduction in the pace of its bond-buying stimulus program is imminent. For now, the Fed will keep on buying $85 billio
The gap between interbank and open market rates narrowed on Wednesday as the government intervened to arrest the fall of the rupee versus the dollar, dealers said. On Monday, the rupee was at Rs 103.00 in relation to the dollar, now it is available at Rs
The US Federal Reserve said on Wednesday the economy continues to recover but is still in need of support, offering no indication that a reduction in the pace of its bond-buying stimulus program is imminent. For now, the Fed will keep on buying $85 billio
The gap between interbank and open market rates narrowed on Wednesday as the government intervened to arrest the fall of the rupee versus the dollar, dealers said. On Monday, the rupee was at Rs 103.00 in relation to the dollar, now it is available at Rs
Fakhruddin G Ebrahim, Chief Election Commissioner of Pakistan, on Wednesday resigned from his post. In his resignation which he addressed to President Asif Ali Zardari, he said he had done his job to hold elections and it was time for the new Parliament t
Fakhruddin G Ebrahim, Chief Election Commissioner of Pakistan, on Wednesday resigned from his post. In his resignation which he addressed to President Asif Ali Zardari, he said he had done his job to hold elections and it was time for the new Parliament t
The government on Wednesday increased the prices of petroleum products ranging from Rs 2.73 to Rs 4.99 per litre, which was notified by the Oil and Gas Regulatory Authority (Ogra), effective from August 1 (Thursday). The regulatory body had sent a summary
The government on Wednesday increased the prices of petroleum products ranging from Rs 2.73 to Rs 4.99 per litre, which was notified by the Oil and Gas Regulatory Authority (Ogra), effective from August 1 (Thursday). The regulatory body had sent a summary
The government on Wednesday increased the prices of petroleum products ranging from Rs 2.73 to Rs 4.99 per litre, which was notified by the Oil and Gas Regulatory Authority (Ogra), effective from August 1 (Thursday). The regulatory body had sent a summary
Equities moved both the ways and finally closed in minus column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Wednesday. The LSE-25 index declined by 03.08 points and was closed at 5044.93 points against 5048.01 points of Tuesda
The Securities and Exchange Commission of Pakistan (SECP) has directed the acquirers to strictly follow the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance 2002 for publication of announcements for better awareness of t
The stocks of federal government's borrowing for budgetary support have reached all-time high level of Rs 5.56 trillion, up by 37 percent, as on June 30, 2013 mainly due to slow foreign inflows and shortfall in revenue. Economists said slow foreign inflow
Federal government on Wednesday announced Eid holidays from August 8 to 10, Aaj news reported. According to the channel, a notification in this regard was issued by the government.
Federal government on Wednesday announced Eid holidays from August 8 to 10, Aaj news reported. According to the channel, a notification in this regard was issued by the government.
Sindh Flour Mills Association went on strike from Wednesday against highly "objectionable" role of Commissioner Karachi, Aaj news reported. Association''s Sindh chapter Chairman said the association could not sell flour at Rs 35 per kg. Accusing co
Sindh Flour Mills Association went on strike from Wednesday against highly "objectionable" role of Commissioner Karachi, Aaj news reported. Association's Sindh chapter Chairman said the association could not sell flour at Rs 35 per kg. Accusing com
Sindh Flour Mills Association went on strike from Wednesday against highly "objectionable" role of Commissioner Karachi, Aaj news reported. Association's Sindh chapter Chairman said the association could not sell flour at Rs 35 per kg. Accusing com
The Securities and Exchange Commission of Pakistan (SECP) has directed the acquirers to strictly follow the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance 2002 for publication of announcements for better awareness of t
The Securities and Exchange Commission of Pakistan (SECP) has directed the acquirers to strictly follow the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance 2002 for publication of announcements for better awareness of t
Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 22.66 points as the ISE T