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
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
ICE Canadian canola futures rose on Wednesday as investment funds scrambled to cover short positions with the market holding support above key technical points, traders said. The benchmark May contract has risen for seven straight sessions, gaining 7 perc
Pakistan Mercantile Exchange (PMEX) witnessed 46 per cent increase in value traded on Thursday. Total value of trade went up to PKR 3,056 million from PKR 2,091 million on Wednesday. Number of lots traded increased to 14,207 from 10,230. However, PMEX Com
Grams prices were sharply down on the wholesale grain market on Thursday in the process of trading, dealers said. On the cereals side, Moong Punjab fell by Rs 550 to Rs 11500 and Moong Peshawar also came down sharply by Rs 1000 to Rs 11500, Gur, however,
Wheat prices in western Europe rose to a 3-month high on Wednesday boosted by heavy export demand and tensions in exporter Ukraine. May milling wheat, the most traded contract on the Paris-based Euronext market, was up 1.75 euros or 0.9 percent at 205.75
US Gulf basis offers for soyabeans held steady on Wednesday, but traders said the market was expected to weaken in the next few weeks as importers shift their focus to South America. The much-anticipated demand shift began to show up on Wednesday as China
Spot basis bids for corn were steady to weaker at processors and elevators, while soybean bids held mostly steady, around the US Midwest on Wednesday as farmers sold light amounts of grain and soy, dealers said. Farmers booked light sales and some even bo
The Karachi Port handled 77,771 tonnes of cargo comprising 33,482 tonnes of import cargo and 44,289 tonnes of export cargo including 3,264 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 33,
Firmness prevailed on the forward cottonseeds oilcake market on Thursday as both deliveries sustained overnight levels in the process of trading, dealers said. The March contract closed at Rs 1256.50 and it opened at the same level in the morning session,
Prices of phutti (seed cotton) moved higher on the cotton market on Thursday in the process of modest activity, dealers said. The official spot rate was up by Rs 50 to Rs 6850, they added. Prices of seed cotton in Sindh per 40 kg were higher by Rs 100 to
Cotton prices were somewhat steady on Thursday but the trade lacked normal activity. Business was slow because it was reported that yarn sales were slack and liquidity was short in the market. Global prices of yarn were also reported to be weak.
Cotton prices were somewhat steady on Thursday but the trade lacked normal activity. Business was slow because it was reported that yarn sales were slack and liquidity was short in the market. Global prices of yarn were also reported to be weak.
The value of building permits issued in Canada unexpectedly jumped by 8.5 percent in January as construction intentions in the residential sector hit a record high, Statistics Canada data indicated on Thursday. The overall increase was far greater than th
Brazil's central bank said on Thursday it will remain vigilant to minimise the risk of high inflation despite some moderation in price increases, signalling it may not be done raising interest rates just yet. The bank raised its benchmark lending rate las
Thailand's consumer confidence tumbled to a 12-year low in February, a survey showed on Thursday, highlighting the toll that prolonged political unrest is taking on Southeast Asia's second-biggest economy. The economy has been nicknamed "Teflon Thailand"
Malaysia's central bank kept its benchmark interest rate steady at 3 percent on Thursday, as expected, signalling it remains comfortable for now with the country's rising inflation rate. Bank Negara Malaysia has kept its overnight policy rate on hold sinc
Japan will this week set out rules on how to handle bitcoins, the first sign that the government is taking action on regulating the virtual currency after the collapse last week of Tokyo-based Mt. Gox, once the world's dominant bitcoin exchange. The cabin
Hedge funds, asset managers and other creditors of Lehman Brothers' European arm will next month be fully paid out from money recovered from the carcass of the bank and could get an extra 5 billion pounds ($8.4 billion). PwC, the administrator of Lehman B
Hedge funds, asset managers and other creditors of Lehman Brothers' European arm will next month be fully paid out from money recovered from the carcass of the bank and could get an extra 5 billion pounds ($8.4 billion). PwC, the administrator of Lehman B
The first senior US government official to visit India after a damaging diplomatic row said Thursday the two countries should focus on "talk and trade" as they look to get their partnership back on track. In December, Indian consulate official Devyani Kho
British investment manager Schroders on Thursday said its net profits jumped almost a quarter last year thanks to major acquisitions, but cautioned that 2014 was likely to be more challenging. Profits after tax climbed 24.5 percent to £352.7 million ($589
British investment manager Schroders on Thursday said its net profits jumped almost a quarter last year thanks to major acquisitions, but cautioned that 2014 was likely to be more challenging. Profits after tax climbed 24.5 percent to £352.7 million ($589
British investment manager Schroders on Thursday said its net profits jumped almost a quarter last year thanks to major acquisitions, but cautioned that 2014 was likely to be more challenging. Profits after tax climbed 24.5 percent to £352.7 million ($589
A federal judge Thursday rejected Apple's request to ban an array of Samsung smartphones and tablets found to have infringed on patents held by the US tech giant. US District Judge Lucy Koh, who oversaw the blockbuster patent trial, finalised the damage a
The world's top banks have already added most of the capital they need to meet new solvency rules in full, five years ahead of a 2019 deadline set by regulators, global banking supervisors said on Thursday. Market and regulatory pressure has meant banks m
The Bank of England kept interest rates unchanged on Thursday, seeking to give the economy more time to build before removing its stimulus. The BoE left its Bank rate at 0.5 percent, where it has stood since March 2009, during the depths of the financial
France's unemployment rate fell to 10.2 percent in the fourth quarter, providing the first quarterly decline in two years and a boost for President Francois Hollande. The unemployment rate, measured according to the International Labour Organisation's (IL
Newsweek said Thursday it had found the enigmatic creator of the online currency bitcoin, a reclusive Japanese American physicist and model train fan whose name is actually Satoshi Nakamoto. After years of speculation that the name was a pseudonym for ano
Thousands of striking platinum mineworkers Thursday marched on the seat of South African government to deliver their grievances to the office of President Jacob Zuma. Leaders of the Association of Mineworkers and Construction Union (AMCU), whose members s
British aircraft engine maker Rolls-Royce revealed Thursday that it is facing a corruption probe in the United States as well as Britain. "The group is currently under investigation by law enforcement agencies, primarily the Serious Fraud Office (SFO) in
South Africa imposed rolling power cuts for the first time since 2008 on Thursday as it struggled to cope with coal shortages and technical problems caused by recent heavy rains. State-owned electricity firm Eskom said incessant downpours over the past we
The number of Americans filing new claims for jobless benefits hit a three-month low last week, suggesting some strength in a labour market that has been hobbled by severe weather. Other data on Thursday showed a second straight monthly decline in factory
Qatar's stock market bounced back on Thursday, leading gains in a mostly upbeat Gulf region after the Qatari government appeared conciliatory in its diplomatic dispute with Saudi Arabia, the United Arab Emirates and Bahrain. Those three countries decided
Tokyo stocks closed 1.59 percent higher Thursday, boosted by a weakening yen and rising expectations that Japan's national pension fund will add more stocks to its bond-heavy portfolio. The benchmark Nikkei-225 index added 237.12 points to 15,134.75, its
US stocks rose in early trading on Thursday, with the S&P 500 at a fresh record intraday high following upbeat labour market data, while traders kept an eye on developments in Ukraine. In a boost to riskier assets, the euro hit its highest against the US
The S&P 500 finished almost flat on Wednesday, a day after closing at an all-time high, as investors shrugged off soft data on jobs and the services sector while keeping an eye on developments in Ukraine. The market showed little reaction to the Federal R
Sri Lankan shares ended at their highest level in two weeks on Thursday led by top conglomerate John Keells Holdings PLC amid mild foreign inflows. The main stock index ended up 0.43 percent, or 25.50 points, at 5,961.93 points, its highest close since Fe
Seoul shares finished slightly higher on Thursday as many investors stayed on the sidelines awaiting an European Central Bank's policy decision later in the day and watching developments in Ukraine. The Korea Composite Stock Price Index (KOSPI) was up 0.2
US Treasury debt prices were flat on Wednesday as weather-clouded data sidelined investors and tensions in Ukraine calmed. Yields held steady after a rally on Monday and a sell-off on Tuesday as the European Union offered $15 billion and the United States
US Treasury debt prices were flat on Wednesday as weather-clouded data sidelined investors and tensions in Ukraine calmed. Yields held steady after a rally on Monday and a sell-off on Tuesday as the European Union offered $15 billion and the United States
Hong Kong shares climbed 0.55 percent on Thursday, in line with a broad regional rally, as hopes were raised for ongoing Ukraine crisis talks and dealers await the release of US jobs data. The benchmark Hang Seng Index added 123.19 points, to 22,702.97 on
India's benchmark BSE index hit a record high while the NSE index closed just off its all-time high, as steady buying by foreign investors continued to drive a rally in bluechips such as ICICI Bank. The BSE index's record high of 21,525.14 surpassed its p
Investors have piled into the options market for protection against any future fall in shares in German companies seen vulnerable to tensions between Russia and Ukraine. Data from the Eurex exchange's website showed a rise over the last month in the ratio
A rebound on European equity markets fizzled out on Thursday after the European Central Bank chose not take fresh action to inject liquidity into the region's financial system, disappointing some investors. The pan-European FTSEurofirst 300 index gave up
Australian shares finished flat on Thursday as upbeat retail sales and trade balance data helped the index recover from heavy losses in the morning, although investors remained cautious over developments in Ukraine. The S&P/ASX 200 index ended just 0.3 po
Southeast Asian stocks rose on Thursday amid easing tensions in Ukraine, with the Malaysian index ending near its highest level in 2014 ahead of Bank Negara's interest rate decision while Thai shares chalked up gains on selective buying in banking shares.
Britain's top share index edged higher on Thursday, buoyed by updates from as Aviva and Aggreko, although lack of action by the European Central Bank and uncertainty over Ukraine capped gains. British equities tracked euro zone stocks lower, after ECB Pre
Sterling fell sharply to its lowest in three weeks against the euro on Thursday after the European Central Bank defied expectations of monetary easing and drove investors who had gone short on the common currency to buy it back. Money market rates in the
The euro stayed on the defensive on Thursday, having lost ground against its peers as investors prepared for possible policy easing by the European Central Bank later in the day. The Australian dollar spiked to a nine-day high after upbeat retail sales an
The euro inched higher on Thursday as the European Central Bank kept interest rates on hold, shaking out some bets of a cut in base rates to support euro zone growth and weaken returns on the single currency versus its peers. The decision may not be the e
The euro jumped against the dollar on Thursday to its highest since December and to a peak against the yen not seen since January 23 after the European Central Bank signalled no need for new economic stimulus. ECB President Mario Draghi told a news confer
The dollar edged higher against the euro and yen on Wednesday, shrugging off softer-than-expected US private-sector payrolls and services sector reports affected by severe winter conditions. Recent weakness in US economic data is not expected to deter the
Interbank buy/sell rates for the taka against the dollar on Thursday. 77.73-77.75 (77.73-77.75). Call Money Rates: 06.25-08.00 percent (previous 05.50-08.00 percent). ( revised).
The Australian dollar leapt half a cent on Thursday after upbeat retail sales and trade data supported a steady interest rate outlook. The Aussie jumped to $0.9030, from $0.8983 in early trade, after stops above $0.9000 were tripped and squeezed short pos
The Indian rupee rose on Thursday to its highest level against the dollar this year as strong buying from foreign investors sent shares to a record high and data showed the country's current account deficit continued to narrow sharply. India's benchmark B
Emerging Asian currencies rose as the Chinese yuan extended gains and diplomatic efforts helped contain tensions in Ukraine, with the Indonesian rupiah near a four-month high, while investors speculated whether the European Central Bank would ease policy.
China's yuan strengthened for a third straight session on Thursday as corporate dollar sales dominated amid signs that the central bank was staying on the sidelines, allowing the Chinese currency to recover from its recent weakness. Dollar purchases by st
Neymar scored a hat-trick as Brazil routed South Africa 5-0 while Spain edged fellow heavyweights Italy 1-0, but a host of World Cup rivals faltered on Wednesday. Ninety-nine days out from the World Cup, there were unimpressive 1-0 friendly wins for Engla
Kevin Pietersen has been made a "scapegoat" for England's Ashes humiliation in Australia, according to West Indies great Vivian Richards. England controversially axed their all-time leading run-scorer across all formats following a 5-0 series loss Down Un
Graeme Smith said on Wednesday he was keen to continue to play a role in South African cricket following his retirement from the international game as a player. "I'd love to play a role with Cricket South Africa and who knows where that's going to be," he
A British man accused of "courtsiding" by sending live point-by-point information to an English betting agency during the Australian Open tennis tournament Thursday had the charge against him dropped, reports said. Daniel Dobson, 22, had been accused of u
Olympic champion Li Xuerui made a great escape for the second successive day to survive into the quarter-finals of the All England Open championships on Thursday.
Sri Lanka fought hard to beat hosts Bangladesh by three wickets in the last league match of the Asia Cup in Dhaka on Thursday, gearing up for the final with an all-win record. Sri Lanka, who will meet defending champions Pakistan in the final on Saturday,
A stroke-filled maiden century by Denesh Ramdin just wasn't enough as England held on to defeat the West Indies by 25 runs in the deciding third and final one-day international on Wednesday.
The Inter-Division general public and education sector badminton, kabaddi, cricket, boxing and karate competitions of Punjab Youth Festival (PYF) concluded here on Thursday. Lahore Division Women won the Inter-Division cricket title at the Kinnaird Colleg
At least 15 people were killed and 12 others wounded in a car bomb blast in the central Syrian city of Homs on Thursday, an NGO said. "At least 15 people were killed and 12 others injured in the Armenian district, which is home to mostly Christians and Al
A US guided-missile destroyer is en route to the Black Sea but naval officials said Thursday it was a "routine" deployment that was planned before the crisis unfolded in Ukraine. The USS Truxtun departed the Greek port of Souda Bay Thursday to carry out j
Rwanda's senate on Thursday released a report fiercely critical of the record of the UN-backed International Criminal Tribunal for Rwanda, saying the body had been "inefficient and incompetent". The report from the Rwandan senate comes just a month before
Turkey's constitutional court ruled Thursday that the legal rights of a former army chief jailed over an alleged coup plot had been violated, a decision that paves the way for his release. The country's top court argued that a local tribunal had not "effe
US President Barack Obama on Thursday said he was powerless to stop mass expulsions of illegal immigrants, which prompted one Latino advocacy group to brand him "deporter in chief." The president said Congress was requiring him to enforce existing immigra
The US military carried out freedom of navigation operations challenging the maritime claims of China, Iran and 10 other countries last year, asserting its transit rights in defiance of efforts to restrict passage, a Pentagon report said on Thursday. The
Astronomers said Thursday they have witnessed the distant break-up of an asteroid, a rare event that was not caused by a violent space collision or a close encounter with the Sun. Instead, the asteroid, located some 300 million miles (483 million kilomete
A dozen bombings in central Iraq and two shootings in the north killed 22 people Thursday, officials and doctors said, as the country suffers its worst violence in years. Iraq has been hit by a year-long surge in bloodshed that has reached levels not seen
A Nato air strike in eastern Afghanistan accidentally killed five Afghan soldiers on Thursday, officials said, the latest incident likely to worsen already fraught relations between Kabul and the US-led coalition. Nato offered its condolences over the dea