Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (November 18, 2014).
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
Vietnam's coffee harvest has picked up pace and domestic sales have quickened with the arrival of fresh beans and higher prices, traders said on Tuesday. The world's largest robusta producer may have a smaller 2014/2015 crop due to lower yields and advers
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.79 billion and the number of lots traded was 8,808.PMEX Commodity Index closed at 2,781. Major business was contributed by crude oil amounting to PKR 1.09 billion followed by gold (PK
Indian soyabean futures rose on Tuesday on short covering as global prices of the oilseed rebounded due to a rise in demand for supplies from the world's top grower, the United States. soyaoil reflected the sentiment in soyabeans, while rapeseed futures c
US FOB Gulf soyabean basis offers were steady to firm after the close on Monday on the back of gains in futures and record one-week export inspections of over 3 million tonnes, mostly to China, traders said. Corn and wheat markets were quiet amid depressi
The Karachi Port handled 79,168 tonnes of cargo comprising 48,782 tonnes of import cargo and 30,386 tonnes of export cargo including 2,899 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 48,7
The December vaida was down on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The December contract closed at Rs 1500.50 but commenced with a fall of 30 paisa at Rs 1500.20 in the morning session, they said. The
Rates depressed further on the cotton market on Tuesday after the Pakistan Cotton Ginners Association (PCGA) higher-than-expected phutti arrivals figures, dealers said. The official spot rate continued slide, falling by Rs 50 to Rs 4,900, they added. In t
Prices moved both ways on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the grams side, yellow peas Russia gained Rs 50 to Rs 4150 and yellow peas Dall Russia followed the same trend, rising Rs 25 to Rs 4625, the
Ford Motor Co on Tuesday said it is recalling about 65,000 Fusion sedans in North America because the key can be removed from the ignition even if the car is not in the "park" position 30 minutes after the ignition is off, the company said. Ford said it i
Cash-strapped Argentina has added more than $500 million to its foreign currency reserves by activating a currency swap agreement with China, the government said Tuesday. It was the second time since October 30 that Argentina's government has drawn on the
CIMB Group Holdings , Malaysia's second-largest bank by assets which is attempting to seal a game-changing merger with domestic rivals, said it expects the three banks involved to finalise the structure of the merged entity by early 2015. CIMB has floated
CIMB Group Holdings , Malaysia's second-largest bank by assets which is attempting to seal a game-changing merger with domestic rivals, said it expects the three banks involved to finalise the structure of the merged entity by early 2015. CIMB has floated
China's home prices fell for the second consecutive month in October from a year earlier, official data showed on Tuesday, pointing to a persistent property downturn - despite government efforts to lift the market. The price drop was the biggest since Reu
Saudi Arabia's Jadwa Investment, one of the country's largest privately owned investment firms, says it is planning to invest in domestic real estate as it expands into new asset classes, hoping to cash in on booming demand for new homes. Supply of housin
A Sony executive said Tuesday the firm was taking a hard look at music streaming services after pop star Taylor Swift yanked her songs from industry giant Spotify. The US artist - whose album "1989", featuring the dance tune "Shake It Off," sold more in t
France will let shops open more often on Sundays and look to resolve disputes over firings more rapidly in a reform drive intended to lift the flagging economy, according to a draft bill seen by Reuters on Tuesday. The legislation, which includes plans to
The Bombay High Court on Tuesday ruled in favour of the Indian unit of Royal Dutch Shell Plc in a multi-million dollar tax dispute, the latest verdict against the tax department that has been vigorously pursing claims against foreign firms in India. Shell
The Bombay High Court on Tuesday ruled in favour of the Indian unit of Royal Dutch Shell Plc in a multi-million dollar tax dispute, the latest verdict against the tax department that has been vigorously pursing claims against foreign firms in India. Shell
China's Hebei Iron and Steel Group Co has signed an agreement to take a 51 percent stake in Switzerland-based Duferco International Trading Holding, in a move aimed at boosting the state-owned conglomerate's ability to sell steel overseas. The deal was si
An Italian bank has returned to the Vatican 23 million euros ($28.8 million) that was blocked in a 2010 money laundering investigation, the Vatican bank said on Tuesday, in a sign that the Holy See's efforts to make its finances more transparent are payin
If Saudi Oil Minister Ali al Naimi wants to stop conspiracy theories spreading before a crucial Opec meeting next week, it's too late. Naimi's intervention last week after a two-month silence failed to address a question energy markets want answered: is t
China's central bank has approved a pilot programme allowing some domestic institutional investors to buy offshore yuan products, the official Shanghai Securities News said, as Beijing pushes ahead in internationalising its currency. The People's Bank of
Indonesia's central bank raised interest rates Tuesday for the first time in a year in anticipation of surging inflation after the new government increased the price of subsidised fuel by over 30 percent. At a special meeting called following the price in
EU Commission chief Jean-Claude Juncker faces a confidence vote in the European Parliament next week after eurosceptics filed a motion about Luxembourg's tax breaks for global firms, but he is almost certain to survive, officials said Monday. Italian come
Investment sentiment in Germany rebounded in November, a survey found on Tuesday, adding to signs that Europe's biggest economy is stabilising in another piece of positive news for the eurozone. After hitting a 22-month low in October, the widely watched
Bank of Tokyo-Mitsubishi UFJ has agreed to pay $315 million to New York's banking regulator for submitting a whitewashed report about its improper handling of transactions involving countries subject to US sanctions, the regulator said on Tuesday.
US producer prices unexpectedly rose in October, but the underlying trend continued to point to a benign inflation environment that could persuade the Federal Reserve to keep interest rates very low a bit longer. The Labor Department said on Tuesday its p
Italian energy giant Eni on Tuesday signed a preliminary deal to move into offshore oil and gas exploration in Turkmenistan, expanding Italy's foothold in the isolated Central Asian nation. Eni said it had signed a memorandum agreeing "to explore the poss
Leading gold buyer India may clamp fresh controls soon on soaring imports of the precious metal that have widened the country's trade deficit, a report said Tuesday. Gold imports in October leapt to $4.17 billion from $1.09 billion in the year-ago period,
Five people accused in a corruption scandal at Brazil's state oil giant Petrobras have agreed to return $165 million to the public purse in plea bargains with prosecutors, a newspaper reported Tuesday. Globo daily said the five include Paulo Roberto Costa
The European Union has told Russia that its system of oil export duties breaks World Trade Organisation rules by discriminating in favour of China and against European buyers, diplomats with knowledge of the situation said on Tuesday. The EU's longstandin
Markets in the Middle East pared some of the previous day's losses on Tuesday as global equities and oil prices rebounded and retail investors started buying stocks again. Brent crude rose back towards $80 a barrel on Tuesday on speculation Opec could cut
Japanese stocks had their biggest gain in two weeks on Tuesday as investors waited to see if Prime Minister Shinzo Abe will call a snap election and consider fresh steps to support the economy after it slipped into recession in the third quarter. The Nikk
Turkey's benchmark bond yield fell below 8 percent on Tuesday, its lowest in a year, as markets started to price in easing from the Turkish central bank in the coming period with a lower inflation outlook for next year. The 2-year government bond yield fe
Turkey's benchmark bond yield fell below 8 percent on Tuesday, its lowest in a year, as markets started to price in easing from the Turkish central bank in the coming period with a lower inflation outlook for next year. The 2-year government bond yield fe
US stocks rose in early trade Tuesday following solid German economic data as Home Depot fell on a warning of higher costs from a recent data hacking episode. About 35 minutes into trade, the Dow Jones Industrial Average stood at 17,692.14, up 44.39 point
The S&P 500 edged up to close at a record high on Monday as deal activity worth $100 billion offset concerns about overseas growth after Japan's economy slipped into recession. Shares of Baker Hughes, up 8.9 percent, and Allergan , up 5.3 percent, gave th
Australian shares ended at their lowest in over three weeks on Tuesday with further declines in iron ore prices taking a heavy toll on some miners. The S&P/ASX 200 index slipped 0.2 percent, or 12.8 points, to 5,399.7, extending Monday's 0.8 percent fall.
US Treasury debt prices slid on Monday as investors took profits on gains fuelled by weak Japanese economic data, ahead of the release this week of the minutes of the latest Federal Reserve meeting. Market participants expect the Fed minutes to show optim
US Treasury debt prices slid on Monday as investors took profits on gains fuelled by weak Japanese economic data, ahead of the release this week of the minutes of the latest Federal Reserve meeting. Market participants expect the Fed minutes to show optim
Hong Kong stocks slipped 1.13 percent Tuesday as China released more weak economic data and mainlanders snubbed opportunities to invest in the city via the new share trade link-up with Shanghai. The Hang Seng Index shed 267.91 points to 23,529.17 on turno
Indian shares ended little changed on Tuesday, retreating from record highs hit earlier in the session, as investors booked profits even as rising confidence in the domestic economy and rate-cut hopes boosted firms such as Larsen & Toubro. Investors prefe
European stocks rose for a second straight day on Tuesday, helped by an improvement in German economic sentiment and speculation about fresh monetary stimulus in the euro zone. At 1444 GMT, Frankfurt's DAX index was up 1.4 percent after the ZEW survey sho
Taiwan stocks edged up 0.1 percent on Tuesday as investors continued to stay on the sidelines on concerns the trading link that allows Hong Kong and Shanghai investors buy and sell shares on each other's bourses will draw fund flows away from the Taiwan m
China stocks ended lower on Tuesday as investors took profits in shares that rose sharply ahead of Monday's launch of the landmark Hong Kong-Shanghai trading link. The Shanghai Composite Index ended down 0.7 percent at 2,457.5 points, while the CSI300 ind
Indonesia's key index hit a near four-week closing high on Tuesday as rate-sensitive stocks advanced before Bank Indonesia announced its interest rate decision, a day after the president raised subsidised fuel prices to help fund his reform agenda.
Britain's top share index climbed to a seven-week high on Tuesday, helped by encouraging German investor sentiment data and a rally in energy stocks on speculation that oil producing countries may agree to cut output. Sentiment improved after a survey sho
The dollar held its own on Tuesday, as investors waited to see if Japan's leader would call a snap election after the country unexpectedly slipped into recession and European Central Bank officials raised the prospects of further stimulus steps. The dolla
The euro regained ground against the dollar on Tuesday after a better than expected survey of German economic sentiment while the yen touched a seven-year low after a snap election was called in Japan. The euro jumped around half a cent after the German Z
The US dollar weakened against the euro on Tuesday on a better than expected survey of German sentiment and was steady against the Japanese yen after Japanese Prime Minister Shinzo Abe said he would call an early election to seek a fresh mandate for his e
The US dollar gained against the euro and a basket of currencies on Monday after European Central Bank officials spoke of possible further actions to boost the region's struggling economy and Japan unexpectedly slipped into recession. ECB President Mario
The Australian and New Zealand dollars edged up on Tuesday, as the outlook for sustained monetary policy support from the European Central Bank and Bank of Japan favoured carry trades. The Australian dollar was holding at $0.8710, having met stiff resista
Indonesia's rupiah touched a two-week high on Tuesday with some expectations that its central bank may raise interest rates a day after President Joko Widodo announced a long-awaited increase in subsidised fuel prices. The government is expected to save u
The Indian rupee ended little changed on Tuesday after earlier hitting a one-month low as oil companies accelerated dollar purchases, offsetting optimism that new stimulus measures in Japan would continue to push foreign investors into emerging markets.
Sterling edged up against the dollar on Tuesday after data showed UK inflation picking up slightly in October, providing some relief for investors expecting a lower number after recent comments from the Bank of England. Consumer prices rose by an annual 1
Roger Federer and Stan Wawrinka took to Twitter on Tuesday in a bid to bury any lingering resentments from their bad-tempered London match ahead of the Davis Cup final against France later this week. "It's great being with the boys again," tweeted Federer
Defending champions Nigeria will lead several top teams on Wednesday including four-time winners Ghana and the Ivory Coast in a final bid to qualify for next year's Africa Cup of Nations in Equatorial Guinea. The Super Eagles got their tottering campaign
Just five weeks after a glitzy kick-off, India's fledgling football league claims to be the most popular in Asia - even if the quality of matches and performances of its ageing stars have left fans underwhelmed. Backed by some of the biggest names in busi
Pakistan were under pressure after losing both their openers for 34 in reply to New Zealand's big total of 403 in the second Test in Dubai on Tuesday. Azhar Ali (four) and Younis Khan (one) were unbeaten at close on the second day after Shan Masood (13) a
Amr Shabana, the 35-year-old four times former world champion, defied the years in emphatic fashion to reach the World Open quarter-finals for the 12th time in a row. The resiliently brilliant Egyptian did that by overwhelming Max Lee, the rising Hong Kon
Regulator Ofcom on Tuesday launched a competition probe into how English football's Premier League sells rights to broadcast live matches featuring teams including Manchester United, Liverpool and Chelsea. It follows a complaint from Virgin Media submitte
The Qatari capital of Doha was named host of the 2019 Athletics World Championships on Tuesday, just days after the Gulf state's football officials were cleared of corruption by FIFA in their successful bid for the 2022 World Cup. The International Associ
England manager Roy Hodgson admitted on Monday that his players are still digesting the disappointment of their World Cup group-stage exit despite their impressive form since the tournament. England have won all of the five games they have played since th
Football's world governing body FIFA has lodged a criminal complaint with the Swiss attorney general over "possible misconduct" by individuals in connection with the awarding of the 2018 and 2022 World Cups. It follows a recommendation by FIFA's ethics ju
A new kind of bird flu hitting European poultry farms will surely continue to spread among birds, the World Health Organisation said Tuesday, urging countries to be "vigilant". Whether the virus will spread to humans remains unclear, the UN health agency
President Barack Obama condemned a "horrific attack" on a Jerusalem synagogue Tuesday that left four people, including three US citizens, dead and he urged Israelis and Palestinians to calm tensions. "Tragically, this is not the first loss of lives that w
Iran and the West put the onus for reaching a historic deal over Tehran's nuclear programme on each other Tuesday, as a final round of talks geared up in Vienna despite big gaps remaining ahead of a November 24 deadline. Speaking as he arrived in Vienna f
Turkey fears another two to three million Syrian refugees could cross its borders if the region of Syria's second city of Aleppo is overrun either by Islamist extremists or regime forces, Foreign Minister Mevlut Cavusoglu said Tuesday. Turkey is already h
Nato warned on Tuesday of a "very serious" build-up of Russian soldiers and weapons inside Ukraine and on its border as Germany's foreign minister urged Kiev and Moscow to respect a tattered peace plan. The West is keeping up pressure on Russia over Ukrai
Saudi Arabia has expanded a buffer zone along its northern border with Iraq, where a US-led military coalition is bombing Islamic State group extremists, official media said on Tuesday. Mohammed al-Fahimi, a spokesman for northern region border guards, sa
A British Muslim addressed a Church of England synod for the first time on Tuesday in a discussion with Archbishop of Canterbury Justin Welby on the suffering of religious minorities in Iraq and Syria. Fuad Nahdi, head of Radical Middle Way, a think tank
Mankind's first-ever probe of a comet found traces of organic molecules and a surface much harder than imagined, scientists said Tuesday of initial sample data from robot lab Philae. Philae fell asleep on comet 67P/Churyumov-Gerasimenko on Saturday, havin
French President Francois Hollande on Tuesday warned that "extreme horror" films used by terrorist groups could harm young people, after fresh footage emerged of Western hostages held by North African jihadists. "Why this video?", said Hollande of the rec
Prime Minister Shinzo Abe told his party Tuesday he was calling a snap election and delaying a sales tax rise after figures showed Japan was in a recession. Less than two years after he swept to power pledging to reinvigorate the flagging economy, Abe wil
Pradeep Jain has been operating his ginning mill at only 10 percent of capacity even as India is set to become the world's biggest cotton producer with a record harvest. "Since prices have fallen below the minimum support price, farmers are not willing to