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Print - 2013-08-04
The Weather

The Weather

The weather report on Saturday (August 03, 2013) and the forecast for Sunday (August 04, 2013).

Published 04 Aug, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 03, 2013).

Published 04 Aug, 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 (August 03, 2013).

Published 04 Aug, 2013 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (August 03, 2013).

Published 04 Aug, 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 (August 03, 2013).

Published 04 Aug, 2013 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 03, 2013).

Published 04 Aug, 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 (August 03, 2013).

Published 04 Aug, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
THE RUPEE: slight gain

THE RUPEE: slight gain

The rupee depicted mixed trend as it gained versus the dollar, however, it fell in terms of the euro on the local currency market on Saturday, dealers said. The rupee picked up 10 paisa in relation to the dollar for buying and selling at Rs 102.30 and Rs
Published 04 Aug, 2013 12:00am
THE RUPEE: slight gain

THE RUPEE: slight gain

The rupee depicted mixed trend as it gained versus the dollar, however, it fell in terms of the euro on the local currency market on Saturday, dealers said. The rupee picked up 10 paisa in relation to the dollar for buying and selling at Rs 102.30 and Rs
Published 04 Aug, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (August 03, 2013).

Published 04 Aug, 2013 12:00am
Ukraine would raise grain exports

Ukraine would raise grain exports

Ukraine, one of the world's leading grain exporters, will export 1.5 million to 1.7 million tonnes of grain this month, up from 1.2 million in July, Agriculture Minister Mykola Prysyazhnyuk said on Thursday. Prysyazhnyuk said the former Soviet republic ho
Published 04 Aug, 2013 12:00am
Cotton prices higher after fresh rains

Cotton prices higher after fresh rains

Prices were moderately up on the cotton market on Saturday as monsoon rains started in the country, dealers said. The official spot rate rose by Rs 50 to Rs 6,550, they said. In the ready business, around 5,000 bales of cotton changed hands between Rs 665
Published 04 Aug, 2013 12:00am
Indian soyaoil, rapeseed rise on weak rupee

Indian soyaoil, rapeseed rise on weak rupee

Indian soyaoil and rapeseed futures rose on Friday on a weak rupee, while soyabean eased on forecast of lower rainfall in some soyabean growing areas next week. A weak rupee makes edible oil imports expensive and raises the returns of oilmeal exporters. T
Published 04 Aug, 2013 12:00am
EU wheat higher on strong global demand

EU wheat higher on strong global demand

European wheat futures rose on Friday, in step with the trend in Chicago, as brisk international demand and worries about crop quality in some countries offset pressure from rising global supply. November milling wheat on the Euronext futures market was u
Published 04 Aug, 2013 12:00am
Indian sugar futures steady

Indian sugar futures steady

Indian sugar futures were steady on Friday as good rainfall in cane growing areas and forecast of surplus production for a fourth straight year offset expectations of a rise in demand due to festivals. The contract has been trading in a narrow range of 3,
Published 04 Aug, 2013 12:00am
Wheat export premiums firm at US Gulf Coast

Wheat export premiums firm at US Gulf Coast

Wheat export premiums at the US Gulf Coast were mostly steady to firm on Friday, underpinned by solid export demand and thinned stocks following recent strong sales, traders said. Persistent demand from Brazil for nearby shipments of hard red winter wheat
Published 04 Aug, 2013 12:00am
Brazil's sugar cane crushing could be affected by frost: Biosev

Brazil's sugar cane crushing could be affected by frost: Biosev

Biosev SA, the energy division of France's Louis Dreyfus Commodities in Brazil, said on Thursday that a frost in Mato Grosso do Sul last week could reduce its cane crushing in the major sugar and ethanol producing state. The frost in the principal growing
Published 04 Aug, 2013 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday on short-covering, but notched their fifth straight weekly loss. Weak Canadian dollar added support, and canola shrugged off a drop in soybean prices. November canola finished with a weekly loss of 0.7 percent. F
Published 04 Aug, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 129,780 tonnes of cargo comprising 107,585 tonnes of import cargo and 22,195 tonnes of export cargo including 4,397 loaded and empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 10
Published 04 Aug, 2013 12:00am
US Midwest corn bids surge

US Midwest corn bids surge

Corn spot basis bids surged across the US Midwest on Friday, while soyabean bids were steady to firm, as farmer sales of both commodities remained very light in the wake of last week's collapse in both cash bids and futures, dealers said. Corn basis bids
Published 04 Aug, 2013 12:00am
European vegetable oils slightly up

European vegetable oils slightly up

Asking prices for most products on the European vegetable oils market were up slightly on Friday in thin trade as players searched for fresh market-driving clues. At 1630 GMT CBOT soyaoil futures were between 0.08 and 0.20 down following soyabean futures
Published 04 Aug, 2013 12:00am
Ukraine to supply maize to China in October-November

Ukraine to supply maize to China in October-November

Ukrainian state-run grain firm GPZKU said on Friday it would supply the first of its maize to the Chinese market in October-November under a $1.5 billion deal signed last year. Under a deal agreed last year with China, GPZKU obtained a $1.5 billion loan t
Published 04 Aug, 2013 12:00am
Bids for Thai government rice fall way short of offer

Bids for Thai government rice fall way short of offer

The Thai government received bids from exporters for just 90,000 tonnes of rice in its first effort to sell grain from its huge stockpiles, far below the 350,000 tonnes on offer in the tender, a Commerce Ministry official said on Monday. The prices offere
Published 04 Aug, 2013 12:00am
Asian rice: Thai exporters downbeat despite state stockpile sales

Asian rice: Thai exporters downbeat despite state stockpile sales

Thai exporters left forecast for 2013 rice shipments unchanged at 6.5 million tonnes on Wednesday, citing thin demand from traditional buyers, even though the government was releasing grain from state warehouses. Thailand exported 6.9 million tonnes in 20
Published 04 Aug, 2013 12:00am
Rains pour doubt on India's soyabean, cotton, pulses output

Rains pour doubt on India's soyabean, cotton, pulses output

Heavy rainfall in India's central and western states in the last two weeks has damaged soyabean, groundnut, cotton and pulse crops in some pockets and experts say if the region gets more rainfall, damage could rise significantly. India's June to September
Published 04 Aug, 2013 12:00am
ICE cotton slips on expectations of bigger India crop

ICE cotton slips on expectations of bigger India crop

Cotton futures slipped on Friday in rangebound trade on light volume as fears about greater supply from India, the world's No 2 producer, and tepid US job data offset shrinking exchange stocks. News that India has eased restrictions on exports knocked pri
Published 04 Aug, 2013 12:00am
Egypt buys Romanian, Ukrainian wheat

Egypt buys Romanian, Ukrainian wheat

Egypt, the world's biggest importer of wheat, bought 240,000 tonnes of Romanian and Ukrainian wheat for shipment September 11-20, the vice chairman of the main government wheat buying entity, said on Tuesday. Mamdouh Abdel Fattah, of the General Authority
Published 04 Aug, 2013 12:00am
Abundant rains presage bumper rice crop in Asia: FAO

Abundant rains presage bumper rice crop in Asia: FAO

Early and abundant monsoon rains are expected to boost Asia's rice crop to 452 million tons this year, up 1.5 per cent from 2012, the United Nations predicted Thursday. "If weather conditions hold, India together with mainland China are forecast to lead t
Published 04 Aug, 2013 12:00am
Argentine 2013-14 soya planting seen easily outpacing corn

Argentine 2013-14 soya planting seen easily outpacing corn

Growth in Argentine soya cultivation will outpace that of chief rival corn in the upcoming season, to be planted over the two months ahead, prompting forecasts of a record soyabean crop spurred by relatively cheap production costs. Corn and soyabeans, alo
Published 04 Aug, 2013 12:00am
Asian sugar refining margin steady but attractive for millers

Asian sugar refining margin steady but attractive for millers

White-over-raw sugar premiums held steady in Asia this week, but were high enough to encourage mills in Thailand to produce more refined sweetener to help meet buoyant Middle Eastern demand. White-over-raws premiums, which measure refining profitability,
Published 04 Aug, 2013 12:00am
New York gold rebounds on US payrolls but posts weekly loss

New York gold rebounds on US payrolls but posts weekly loss

Gold rose on Friday following a sharp rebound from earlier lows, after mixed signals from the US nonfarm payrolls report suggested that the Federal Reserve could be more cautious about drawing down its economic stimulus program. Bullion still posted a nea
Published 04 Aug, 2013 12:00am
Commodity prices gain on US, Chinese data

Commodity prices gain on US, Chinese data

Oil and base metal prices gained last week as positive US and Chinese economic data fuelled higher demand expectations, according to analysts. Prices lost some of the gains late on however after official figures Friday revealed that US jobs growth had slo
Published 04 Aug, 2013 12:00am
Kraft posts mixed results on lower prices, early Easter

Kraft posts mixed results on lower prices, early Easter

Kraft Foods Group Inc on Thursday reported higher income and raised its earnings outlook for the year, but missed Wall Street's revenue estimates, citing lower prices and an unseasonably early Easter holiday. Kraft CEO Tony Vernon said seasonal headwinds
Published 04 Aug, 2013 12:00am
Kraft posts mixed results on lower prices, early Easter

Kraft posts mixed results on lower prices, early Easter

Kraft Foods Group Inc on Thursday reported higher income and raised its earnings outlook for the year, but missed Wall Street's revenue estimates, citing lower prices and an unseasonably early Easter holiday. Kraft CEO Tony Vernon said seasonal headwinds
Published 04 Aug, 2013 12:00am
AIG investors cheer first capital return since bailout

AIG investors cheer first capital return since bailout

American International Group Inc announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell. The insurer, which was almost wiped out by its derivative bets in the crash f
Published 04 Aug, 2013 12:00am
AIG investors cheer first capital return since bailout

AIG investors cheer first capital return since bailout

American International Group Inc announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell. The insurer, which was almost wiped out by its derivative bets in the crash f
Published 04 Aug, 2013 12:00am
Lower oil, commodity prices to curb economic growth in Angola, Ghana

Lower oil, commodity prices to curb economic growth in Angola, Ghana

The economies of African oil producers Angola and Ghana are set to expand by more than 7 percent this year but growth will be less robust than last year as lower oil and commodity prices weigh, a Reuters poll showed. Growth in both countries has been driv
Published 04 Aug, 2013 12:00am
Viacom doubles buyback plan, posts 14 percent revenue jump

Viacom doubles buyback plan, posts 14 percent revenue jump

Viacom Inc reported a 14 percent rise in third-quarter revenue on Friday as the media company posted strong advertising and affiliate fees for its television shows and doubled its share repurchase program. Shares of Viacom jumped 6.3 percent to $79.05. Th
Published 04 Aug, 2013 12:00am
Viacom doubles buyback plan, posts 14 percent revenue jump

Viacom doubles buyback plan, posts 14 percent revenue jump

Viacom Inc reported a 14 percent rise in third-quarter revenue on Friday as the media company posted strong advertising and affiliate fees for its television shows and doubled its share repurchase program. Shares of Viacom jumped 6.3 percent to $79.05. Th
Published 04 Aug, 2013 12:00am
Man Group shares jump after outflows, fees beat forecasts

Man Group shares jump after outflows, fees beat forecasts

Hedge fund manager Man Group Plc said clients continued to pull money out of its funds but at a slower rate than some analysts had forecast, helping lift its shares from recent lows. The former member of the bluechip FTSE 100 index, whose shares are down
Published 04 Aug, 2013 12:00am
Man Group shares jump after outflows, fees beat forecasts

Man Group shares jump after outflows, fees beat forecasts

Hedge fund manager Man Group Plc said clients continued to pull money out of its funds but at a slower rate than some analysts had forecast, helping lift its shares from recent lows. The former member of the bluechip FTSE 100 index, whose shares are down
Published 04 Aug, 2013 12:00am
Goldman blinks but no relief for Wall Street's commodity traders

Goldman blinks but no relief for Wall Street's commodity traders

Goldman Sachs' effort to diffuse intensifying pressure over its commodity business by throwing open its metal warehouse doors likely comes too late to head off further scrutiny of Wall Street's commodity trade. Two weeks of escalating criticism of banks t
Published 04 Aug, 2013 12:00am
Berkshire profit rises 46 percent, helped by economy

Berkshire profit rises 46 percent, helped by economy

Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit rose 46 percent, boosted by improved demand in such businesses as car insurance, energy and railroads, as well as gains from investments and derivatives. Operating results topped
Published 04 Aug, 2013 12:00am
Berkshire profit rises 46 percent, helped by economy

Berkshire profit rises 46 percent, helped by economy

Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit rose 46 percent, boosted by improved demand in such businesses as car insurance, energy and railroads, as well as gains from investments and derivatives. Operating results topped
Published 04 Aug, 2013 12:00am
US judge denies class certification sought by women suing Wal-Mart

US judge denies class certification sought by women suing Wal-Mart

In another setback for women suing Wal-Mart, a US judge in San Francisco on Friday rejected an attempt to bring reformulated sex discrimination claims against the company as a class action. US District Judge Charles Breyer denied a motion for class certif
Published 04 Aug, 2013 12:00am
General Dynamics wins deal for US destroyer deckhouse

General Dynamics wins deal for US destroyer deckhouse

US military shipbuilder General Dynamics Corp has won a contract valued at $212 million to design and construct a new steel deckhouse for the third Zumwalt-class destroyer it is building in Bath, Maine, the Pentagon said on Friday. The fixed-price contrac
Published 04 Aug, 2013 12:00am
Greek Prime Minister plays down EU/IMF fiscal gap estimates

Greek Prime Minister plays down EU/IMF fiscal gap estimates

Greek Prime Minister Antonis Samaras said any budget hole over the coming years would be smaller than projected, playing down estimates by the country's foreign lenders. Greece's European Union and International Monetary Fund lenders predict the country f
Published 04 Aug, 2013 12:00am
Greek Prime Minister plays down EU/IMF fiscal gap estimates

Greek Prime Minister plays down EU/IMF fiscal gap estimates

Greek Prime Minister Antonis Samaras said any budget hole over the coming years would be smaller than projected, playing down estimates by the country's foreign lenders. Greece's European Union and International Monetary Fund lenders predict the country f
Published 04 Aug, 2013 12:00am
China services PMI improves, inflation creeping up

China services PMI improves, inflation creeping up

Growth in China's non-manufacturing sector picked up in July as Beijing's recent support measures for small firms helped improve sentiment, though companies noted that inflation is picking up and pushing up costs, official data showed on Saturday. The gov
Published 04 Aug, 2013 12:00am
US says states' lawsuits versus S&P belong to state courts

US says states' lawsuits versus S&P belong to state courts

The US government, which is pursuing a $5 billion lawsuit accusing Standard & Poor's of misleading investors by inflating its credit ratings, on Friday asked a federal judge to move similar cases by 15 US states and the District of Columbia back to state
Published 04 Aug, 2013 12:00am
Coal India net falls for first time in five quarters

Coal India net falls for first time in five quarters

Coal India, the world's largest coal miner by output, posted its first quarterly profit decline in five quarters on Saturday, saying lower sales realisations and higher wage and diesel costs were to blame. The company expects however to gain in the near f
Published 04 Aug, 2013 12:00am
Focus shifts to Obama if US Congress axes immigration bill

Focus shifts to Obama if US Congress axes immigration bill

If immigration reform sputters in the deeply divided US Congress, supporters are planning to push President Barack Obama to act on his own to help 11 million illegal residents, lawmakers and immigration advocates said. Immigration law experts, some senato
Published 04 Aug, 2013 12:00am
Spain aims to resell half A400M fleet to ease budget

Spain aims to resell half A400M fleet to ease budget

Spain has moved to halve its planned fleet of Airbus A400M military transport planes by offering the rest for export, casting a fresh shadow over Europe's largest defence project as the long-awaited plane goes into service. The move is the latest sign of
Published 04 Aug, 2013 12:00am
Spain aims to resell half A400M fleet to ease budget

Spain aims to resell half A400M fleet to ease budget

Spain has moved to halve its planned fleet of Airbus A400M military transport planes by offering the rest for export, casting a fresh shadow over Europe's largest defence project as the long-awaited plane goes into service. The move is the latest sign of
Published 04 Aug, 2013 12:00am
Poland and Europe will soon emerge from downturn: Polish Prime Minister

Poland and Europe will soon emerge from downturn: Polish Prime Minister

Poland's economy will soon emerge from its deep downturn and Europe is also pulling out of its crisis, Polish Prime Minister Donald Tusk said on Saturday. Tusk said second-quarter gross domestic growth (GDP) data should already show a slight recovery. He
Published 04 Aug, 2013 12:00am
JGBs take cue from sagging Treasuries

JGBs take cue from sagging Treasuries

Japanese government bonds took their cue from sagging US debt prices on Friday, with the benchmark JGB yield touching a 2-1/2-week high as investors positioned for US employment data later in the session. US Treasuries prices fell on Thursday, pushing ben
Published 04 Aug, 2013 12:00am
JGBs take cue from sagging Treasuries

JGBs take cue from sagging Treasuries

Japanese government bonds took their cue from sagging US debt prices on Friday, with the benchmark JGB yield touching a 2-1/2-week high as investors positioned for US employment data later in the session. US Treasuries prices fell on Thursday, pushing ben
Published 04 Aug, 2013 12:00am
Treasuries outlook: yields fall as job growth lags expectations

Treasuries outlook: yields fall as job growth lags expectations

US Treasuries yields fell from two-year highs on Friday after weaker-than-expected US job growth in July added to uncertainty over the timing of when the Federal Reserve is likely to pare back its bond purchase program. Employers added 162,000 jobs in Jul
Published 04 Aug, 2013 12:00am
Treasuries outlook: yields fall as job growth lags expectations

Treasuries outlook: yields fall as job growth lags expectations

US Treasuries yields fell from two-year highs on Friday after weaker-than-expected US job growth in July added to uncertainty over the timing of when the Federal Reserve is likely to pare back its bond purchase program. Employers added 162,000 jobs in Jul
Published 04 Aug, 2013 12:00am
Indian bond yields rise most in a week

Indian bond yields rise most in a week

Indian government bonds fell for a third straight session on Friday, sending yields to their biggest daily rise in over a week, on worries the central bank may need to take stronger measures to prop up the rupee stuck near record lows. Benchmark 10-year b
Published 04 Aug, 2013 12:00am
Indian bond yields rise most in a week

Indian bond yields rise most in a week

Indian government bonds fell for a third straight session on Friday, sending yields to their biggest daily rise in over a week, on worries the central bank may need to take stronger measures to prop up the rupee stuck near record lows. Benchmark 10-year b
Published 04 Aug, 2013 12:00am
Brazil stocks fall on mixed US jobs data

Brazil stocks fall on mixed US jobs data

Brazilian stocks fell Friday, reversing early gains after weaker-than-expected jobs growth in the United States contributed to investor pessimism about the pace of the global economic recovery. But Mexico's IPC index continued a three-day rally to close a
Published 04 Aug, 2013 12:00am
TSX makes modest gains on stronger banks; posts weekly loss

TSX makes modest gains on stronger banks; posts weekly loss

Canada's main stock index rose slightly on Friday as disappointment following a weaker-than-expected US jobs report was offset by gains in the financial sector, but it ended the week lower. The market was also weighed by a 6 percent decline in SNC Lavalin
Published 04 Aug, 2013 12:00am
European funds slash emerging Asia stocks and bonds, lift cash

European funds slash emerging Asia stocks and bonds, lift cash

European fund managers boosted cash levels to their highest since September this month as uncertainty over US stimulus withdrawal and volatility in emerging markets kept investors cautious. Concerns about China's economic slowdown pushed allocation to eme
Published 04 Aug, 2013 12:00am
European funds slash emerging Asia stocks and bonds, lift cash

European funds slash emerging Asia stocks and bonds, lift cash

European fund managers boosted cash levels to their highest since September this month as uncertainty over US stimulus withdrawal and volatility in emerging markets kept investors cautious. Concerns about China's economic slowdown pushed allocation to eme
Published 04 Aug, 2013 12:00am
Italian bonds firm as market weathers Berlusconi verdict

Italian bonds firm as market weathers Berlusconi verdict

Italian bonds outperformed their euro zone peers on Friday as investors saw limited risk of an imminent political crisis erupting over the conviction of former Prime Minister Silvio Berlusconi. While upholding his jail term, judges ordered a Milan court t
Published 04 Aug, 2013 12:00am
Italian bonds firm as market weathers Berlusconi verdict

Italian bonds firm as market weathers Berlusconi verdict

Italian bonds outperformed their euro zone peers on Friday as investors saw limited risk of an imminent political crisis erupting over the conviction of former Prime Minister Silvio Berlusconi. While upholding his jail term, judges ordered a Milan court t
Published 04 Aug, 2013 12:00am
Gold miners drag South African stocks lower

Gold miners drag South African stocks lower

South African stocks closed lower on Friday, as gold producers such as Gold Fields took a hit from weak bullion prices and investors cashed in recent gainer such as Naspers and British American Tobacco. Johannesburg's index of gold companies slid more tha
Published 04 Aug, 2013 12:00am
Global investors slash Asian stocks, boost eurozone

Global investors slash Asian stocks, boost eurozone

Global investors kicked off the second half of 2013 by slashing holdings of emerging Asian shares to a two-year low and boosting euro zone stocks and bonds, Reuters polls showed on Wednesday. Concerns about China's economic slowdown prompted investors to
Published 04 Aug, 2013 12:00am
Dow, S&P 500 end at record for second day despite tepid jobs data

Dow, S&P 500 end at record for second day despite tepid jobs data

The Dow industrials and S&P 500 ended at record highs for a second day on Friday, posting modest gains despite a mixed employment report that showed US hiring slowed in July. All but three of the 10 S&P 500 sectors ended higher, led by gains in the consum
Published 04 Aug, 2013 12:00am
US funds' equity allocation at six-year low

US funds' equity allocation at six-year low

US money management firms trimmed share holdings in July to their lowest in more than six years, taking profits after a strong first-half rally, and also shifted out of bonds into cash and alternative assets. Since the start of the year, the average equit
Published 04 Aug, 2013 12:00am
US funds' equity allocation at six-year low

US funds' equity allocation at six-year low

US money management firms trimmed share holdings in July to their lowest in more than six years, taking profits after a strong first-half rally, and also shifted out of bonds into cash and alternative assets. Since the start of the year, the average equit
Published 04 Aug, 2013 12:00am
Key Euribor rate unchanged

Key Euribor rate unchanged

The key Euribor bank-to-bank lending rate was unchanged on Friday after the European Central Bank reaffirmed it would keep interest rates low for an extended period of time, but did not indicate it was planning any immediate easing. The ECB kept interest
Published 04 Aug, 2013 12:00am
Canadian dollar follows greenback lower

Canadian dollar follows greenback lower

The Canadian dollar weakened to a two-week low against the US dollar on Friday after US data showed employers added fewer jobs than expected in July, lessening expectations the US Federal Reserve is about to scale back stimulus measures. The slower-than-e
Published 04 Aug, 2013 12:00am
Latam currencies rally

Latam currencies rally

Latin American currencies rallied on Friday after disappointing US jobs data supported hopes the Federal Reserve would continue to pump dollars into the economy at the current pace, supporting investors' appetite for emerging-market assets. The Fed's bond
Published 04 Aug, 2013 12:00am
Hungary's forint recovers

Hungary's forint recovers

Hungary's forint rebounded from a six-week low on Friday after slower US jobs growth eased some nerves over the trimming of stimulus measures, while Poland's zloty rose on signs of recovery in central and eastern Europe's largest economy. The forint has c
Published 04 Aug, 2013 12:00am