The rupee held the overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 99.80 at Rs 99.95 respectively, the
The rupee held the overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 99.80 at Rs 99.95 respectively, the
US wheat futures fell in all three major markets on Friday, with Chicago Board of Trade wheat setting a three-week low on technical selling and forecasts for some much-needed rains in the southern US Plains, traders said. Selling in CBOT May accelerated a
The Asian naphtha crack recovered to a two-session high of $136.25 a tonne on Thursday, with spot deals on a cost-and-freight (C&F) basis resuming after a three-day absence. South Korea's Samsung Total bought a naphtha cargo for second-half May arrival at
Indian sugar futures were trading near their highest level in 14-1/2 months on Friday evening, buoyed by robust demand from bulk consumers like ice-cream and cold drink makers. At 1225 GMT, the key April contract was up 0.46 percent at 3,266 rupees ($54.3
Millers and wheat importers in Morocco have asked the government to stablish a longer annual window for imports after scrambling to secure shipments this season, trade sources said. Morocco, like other North African countries, depends on imports of staple
The May vaida was lower and the July contract was inert on the forward cottonseeds oilcake market on Saturday in process of trading, dealers said. The May contract closed at Rs 1306.50 and it opened at Rs 1306.30, showing 20 paisa gain during the session,
Some mills were active on the cotton market to cover the immediate needs, dealers said on Saturday. The official spot rate was unchanged at Rs 6,550, they added. Prices of seed cotton in Sindh and Punjab per 40 kg were unchanged at Rs 2800 and Rs 3100, de
Hard red winter wheat spot basis bids in the US Plains were unchanged on Friday, merchants said. Wheat industry representatives were planning a tour of top wheat-grower Kansas to assess the health and production potential of the new crop in that state.
Spot basis bids for corn and soyabeans held mostly steady across the US Midwest on Friday as rangebound moves in the Chicago Board of Trade futures market failed to spark significant farmer sales of the crops, grain merchants said. Many growers remained e
Indian guar seed futures fell on higher production estimate and weak demand in spot markets. The April contract ended down 0.84 percent at 4,730 rupees per 100 kg.
Rates moved both ways on the wholesale grain market on Saturday in process of subdued business, dealers said. On the cereals side, Masoor Dall Canada was lower by Rs 100 to Rs 9300-9400, Urad Burma, however, gained Rs 287 t0 Rs 8437, other commodities mai
Rain is needed in many parts of western Europe to prevent damage to wheat crops now running several weeks ahead of schedule due to mild winter conditions and sunny weather in recent weeks, analysts and traders said. The region joins a list of wheat belts
Around 900,000 to 1 million tonnes of European/Mediterranean naphtha are expected to arrive in Asia in May, similar to March volumes which were at five-month low, traders said on Friday. The lower-than-average European volumes, as opposed to a record 1.7
ICE Canadian canola futures fell on Friday on profit-taking and light producer selling after reaching a one-week high earlier in the day, traders said. May canola settled down $4.80 at $454.20 per tonne on volume of 5,250 contracts. The contract reached $
FOB US Gulf grain basis values were steady to soft after the close on Friday, with no unusual export demand and river conditions continuing to improve ahead of spring planting, traders said. Competition from South America for corn and soybeans and easing
Cocoa beans in some parts of Ivory Coast are selling at more than a 100 CFA franc premium to the minimum farmgate price, farmers and exporters said, as grinders and exporters rush to secure high-quality stocks. The mid-crop marketing season in Ivory Coast
US natural gas futures ended down about 1.3 percent for the week after dropping about 1 percent on Friday on forecasts for milder spring-like weather and weaker heating demand. Front-month natural gas futures on the New York Mercantile Exchange closed dow
Banks in China have been importing less gold over the past month as demand waned after the festival season, while cheaper prices at home due to a softer yuan also curbed overseas purchases of the precious metal, banking sources and traders said. A signifi
Ireland's "bad bank" sold its entire portfolio of loans belonging to Northern Ireland-based debtors on Friday in its largest deal to date, cashing in on surging international demand. The loans, which had a par value of 4.5 billion pounds ($7.5 billion), w
Ireland's "bad bank" sold its entire portfolio of loans belonging to Northern Ireland-based debtors on Friday in its largest deal to date, cashing in on surging international demand. The loans, which had a par value of 4.5 billion pounds ($7.5 billion), w
A Las Vegas billionaire is suing a respected Swiss curator accused of standing behind the authenticity of a painting purportedly by American artist Mark Rothko which turned out to be fake. Several people are accused over the "Untitled (Orange, Red and Blu
UniCredit is trying to sell a chunk of its non-performing loans together with its debt collection unit, the chief executive of the Italian bank said on Saturday, citing strong investor interest for distressed assets in the country. Italy's biggest lender
UniCredit is trying to sell a chunk of its non-performing loans together with its debt collection unit, the chief executive of the Italian bank said on Saturday, citing strong investor interest for distressed assets in the country. Italy's biggest lender
Leading Indian drug company Biocon on Friday rejected allegations by Novartis that it infringed on the Swiss pharmaceutical giant's patent for its blockbuster diabetes drug Galvus. Novartis announced Thursday it was seeking an injunction in the Delhi High
Shad Mohammed's electronics and household store in South Africa's platinum belt has survived a series of mining strikes over the 14 years it has been serving customers in the dusty town of Marikana. Yet with the latest stoppage now in its 10th week, he ha
Asian spot liquefied natural gas (LNG) prices rose slightly in the past week as the world's biggest producer Qatar diverted prompt cargoes to Europe and some Far East buyers covered short positions. Asian spot prices, which touched $21 per million British
The relentless rally in Greek bonds seen over the past two years could be given a further leg up on Friday, with ratings agency Moody's widely expected to lift at least the rating outlook of the euro zone's weakest link. Some market participants expect as
The relentless rally in Greek bonds seen over the past two years could be given a further leg up on Friday, with ratings agency Moody's widely expected to lift at least the rating outlook of the euro zone's weakest link. Some market participants expect as
The European Union's plan to cap the number of shares that can be traded anonymously could give traditional stock exchanges such as Deutsche Boerse and the London Stock Exchange the chance to win back some of the ground they have lost to new rivals. Anony
Canada's main stock index was little changed on Friday as a decline in the financial sector after a US jobs report helped offset strength in natural resource shares spurred by higher commodity prices. In Canada, twice as many jobs as expected were created
US-based fund managers cut their average stock holdings to a five-month low in March and held their highest average position in cash since December, as Russia's move into Crimea spooked global markets, a Reuters poll showed. It was the second straight mon
US-based fund managers cut their average stock holdings to a five-month low in March and held their highest average position in cash since December, as Russia's move into Crimea spooked global markets, a Reuters poll showed. It was the second straight mon
European fund managers lifted cash levels to a 1-1/2 year high in March and cut equity holdings as they shunned riskier assets in response to rising geopolitical tensions and rich valuations, a Reuters survey showed on Monday. Investors boosted holdings o
European fund managers lifted cash levels to a 1-1/2 year high in March and cut equity holdings as they shunned riskier assets in response to rising geopolitical tensions and rich valuations, a Reuters survey showed on Monday. Investors boosted holdings o
Chinese fund managers increased their suggested equity allocation for the next three months, after recommendations hit a 10-month low in February, although sentiment remains lukewarm as concerns about China's economy grow, according to a Reuters poll. Mar
Chinese fund managers increased their suggested equity allocation for the next three months, after recommendations hit a 10-month low in February, although sentiment remains lukewarm as concerns about China's economy grow, according to a Reuters poll. Mar
British investors cut their equity holdings in March, preferring safer fixed income assets as they saw stock valuations beginning to look stretched, a Reuters poll showed. A monthly poll of 12 UK-based investment managers released on Monday showed equity
British investors cut their equity holdings in March, preferring safer fixed income assets as they saw stock valuations beginning to look stretched, a Reuters poll showed. A monthly poll of 12 UK-based investment managers released on Monday showed equity
US Treasuries yields dipped Friday after the US employment report for March came in slightly below economists' estimates, with medium-term yields falling the most as fears eased of an early hike in interest rates by the Federal Reserve. Employers added 19
US Treasuries yields dipped Friday after the US employment report for March came in slightly below economists' estimates, with medium-term yields falling the most as fears eased of an early hike in interest rates by the Federal Reserve. Employers added 19
Momentum shares like Netflix and TripAdvisor sold off sharply for a second straight day on Friday, giving the Nasdaq its worst day since February and leaving investors anxious about how much further they may fall. The big drop in momentum stocks overshado
Denmark's foreign exchange reserves, a monetary policy tool, fell to 459.0 billion Danish crowns ($84.82 billion) in March from 475.4 in February the central bank said on Wednesday. The bank said it did not intervene in the foreign exchange market in Marc
Central Europe's most volatile currency, Hungary's forint, firmed on Friday ahead of Sunday's elections which Prime Minister Viktor Orban's Fidesz party looks set to win. It extended gains to a third of a percent and hit two-month highs against the euro a
Turkey's lira touched its highest level of 2014 on Friday, reversing morning loses sparked by Prime Minister Tayyip Erdogan's call on the central bank to raise interests rates after US non-farm payrolls data boosted emerging assets. By 1430 the lira stood
Latin American currencies are set to weaken over the next 12 months despite recent signs of market appetite for high-yield assets, a Reuters poll showed. The survey of more than 50 strategists and economists suggested for a second straight month that the
The euro's recent rally is over as desperately low inflation and tepid economic growth will force the European Central Bank to keep monetary policy loose or possibly drive it to ease even further, according to a Reuters poll of forecasters. Taken this wee
Speculators raised their bullish bets on the US dollar in the latest week, with net longs rising for the first time in two months, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long posit
The Kenyan shilling eased on Friday as importers from the energy sector and some commercial banks bought dollars to cover short positions ahead of the weekend, traders said, while stocks edged marginally lower. By 1300 GMT, commercial banks were quoting t
The Canadian dollar firmed against the greenback on Friday to its strongest in nearly a month, bolstered by data showing the domestic economy added twice as many jobs as expected in March. Employers created 42,900 jobs last month, well ahead of the 20,000
The dollar fell against other major currencies on Friday after rising in early trading even though US data showed solid jobs gains for a second straight month. The March jobs report was generally in line with market expectations and eases the way for the
A Punjab government-driven innovation in Pakistan, digital currency in South Africa and SMS reporting system for maternal health in Indonesia, took the top three prizes at the Making All Voices Count's Global Innovation Competition. The competition, launc
At least 50 CCTV cameras would be installed to facilitating the Multan city police for effective monitoring and surveillance while a command & control centre would be established, said Commissioner Multan Sher Alam Masood while addressing a high-level mee
The China Council for Promotion of International Trade (CCPIT) Qinghai has announced to observe 'Pakistan Theme Day' on May 17, during the upcoming Halal Food Exhibition being held in Xining, China from the May 15 to 18, touching the new heights of the Si
The Government College University Dramatics Club (GCDC), highlights dearth of true democratic values in our culture, staged Bano Qudsia's Mukhtarnama to wide applause and critical acclaim from writers, actors, students and old Ravians here at the universi
Punjab Chief Minister Muhammad Shahbaz Sharif accorded approval to the establishment of a new hostel for resident students of Government Postgraduate Islamia College for Women, Cooper Road Lahore. The required funds for this project will be the part of AD
Police arrested a 70-year-old man who got married with a 12-year-old girl here on Saturday. The police also arrested 'Nikah Khwan.' The police raided a house in Tharo Shah area soon after the Nikah ceremony and stopped further ceremonies of the wedding be
Federal Minister for Defence Production Rana Tanveer Hussain said here on Saturday that Pakistan will sell its defence products to different nations, including Saudi Arabia, after getting assurance from such countries that they would not use these weapons
The Lahore Stock Exchange (LSE) organised an IPO awareness session of Hascol Petroleum Limited (HPL). The session was attended by Chairman Hascol, Mumtaz Khan along with his team to share the company's financial performance before the TREC Holders and the
The three-day 21st HVACR Exhibition and Conference has been concluded on Saturday, wherein a good number of visitors, particularly from the industrial sector visited different stalls. Apart from commercial and industrial concerns, general public also took
President Mamnoon Hussain on Saturday said the whole nation took pride in Pakistan's armed forces and acknowledged their achievements and sacrifices might it be during war, internal security duties or nation building projects across length and breadth of
Director General, Regional Directorate, Anti-Narcotics Force (ANF), Brigadier Abuzar on Saturday termed the existing scanners installed at the country's seaports 'incapable' to detect the drug in export cargoes and sought special detection machines to exa
KP Chief Minister Pervez Khattak has expressed deep sorrow over the death of Haji Subhanuddin, father of Nowshera JI Ameer and Director Iqra Education System, Merajuddin Khan Advocate on Saturday. In a condolence message, the CM expressed heartiest sympat
KP Chief Minister Pervez Khattak has congratulated the newly elected members of All Pakistan Newspapers Society (APNS) on Saturday. In his message, the CM congratulated the newly elected President Hameed Haroon, Secretary General Sarmad Ali, SVP Jameel At
At least seven persons including a child of same family were killed in Akbar Shah area here on Saturday over land dispute between two rival groups. According to police, armed men of a group forcefully entered into the house of their opponent and opened in
To put pressure on the provincial government for the acceptance of their demands, activists of All CT Teachers Association on Saturday set up a hunger strike camp at main Sher Shah Suri Road outside the Peshawar Press Club on Tuesday. The protest camp was
Peasants Assembly representing highly committed activists, hailing from different districts of the province, on Saturday reminded the government to effectively implement all their obligations, under international conventions, particularly those related to
The National Accountability Bureau's instructions and Public Procurement Regulatory Authority (PPRA) rules have been violated in the award of contract for the construction of two pedestrian bridges on BOT basis in Karachi.
A miner was killed in a coalmine incident in Duki coalfield area of Loralai district on Saturday. Police said deceased coalminer was engaged in digging coal deep in the mine owned by a local contractor as a portion of mine collapsed. The body was recovere
The MQM chief Altaf Hussain has demanded of the government, military and bureaucracy to decide Musharraf's case on merit rather than on personal likes and dislikes. It would be good for the national interest, he added. Altaf expressed these views while ad
The Karachi Metropolitan Corporation (KMC) has reduced the diesel quota of the vehicle department due to which sweeping of 26 major roads and 5 corridors were not being carried out properly, it is learnt on Saturday. After theft reports, sources said, the
At least 10 people were injured when some unknown militants hurled a hand grenade at a vegetable shop, here on Saturday. Two veiled assailants riding on a motorbike threw a hand grenade at a crowded vegetable shop in Usta Mohammad area of Jaffarabad. The
Khyber Pakhtunkhwa Chief Minister Pervaiz Khattak on Saturday said his coalition government is ready to hold local bodies' election in the province since the legislation to devolve the governance system to grass-roots level has been evolved. Speaking at a
Nico Rosberg took pole position for the Bahrain Grand Prix on Saturday with teammate Lewis Hamilton ensuring a Mercedes front row lockout, further loosening struggling Sebastien Vettel's grip on his world title. Rosberg, the world championship leader afte
All Pakistan Inter-University Boxing Championship 2014, organised by the Directorate of Sports, University of Sindh (SU) Jamshoro in collaboration with Pakistan Boxing Federation (PBF), was in full swing at Hyder Bux Pavilion of the varsity.
Juan Mata scored twice as he helped Manchester United warm up for a daunting trip to Bayern Munich with a comfortable 4-0 victory over Newcastle in the Premier League at St James' Park on Saturday. The Spaniard curled in a brilliant free-kick to put the c
Chelsea surged to the top of the Premier League with a 3-0 home win over Stoke City thanks to goals from Mohamed Salah, Frank Lampard and Willian at Stamford Bridge on Saturday. A 32nd minute strike by Salah, making his first start since joining Chelsea i
England-Pak XI comprising players from London College of Business Management and Technology (LCMBIT) defeated Government College University (GCU) Cricket team by 25 runs in a Twenty20 match on Saturday. The match was staged under the banner of the Punjab
Barcelona remain just one point behind La Liga leaders Atletico Madrid as they overcame Real Betis 3-1 at the Camp Nou on Saturday. Atletico registered their sixth straight league win earlier in the day with a tense 1-0 victory over Villarreal. Lionel Mes
Sunday's opening County Championship match between Leicestershire and Derbyshire has been postponed after a road accident involving a Derbyshire player. The division two match at Leicestershire's Grace Road has been postponed until June after Friday's acc
Pakistan Association for the Blind Khyber Pakhtunkhwa in collaboration with Fata Sport Secretariat is going to hold a blind cricket tournament from April 7 in Arbab Niaz Stadium Peshawar. The announcement was made by PAB provincial president Qari Saad Noo
Swiss stars Roger Federer and Stanislas Wawrinka slumped to a shock defeat in the Davis Cup on Saturday while Great Britain edged closer to a first semi-final appearance since 1981. Seventeen-time Grand Slam title winner Federer and Wawrinka, the reigning
Sri Lanka face a daunting test of nerves by a dominant India in Sunday's all-Asian World Twenty20 final in Dhaka that is rich with incentives for both teams. If Mahendra Singh Dhoni's Indians win, they will become the first team to hold all three major li