The rupee was firm against the dollar for the second session due to comfortable supply of the US currency, dealers said on the money market on Saturday. The rupee managed to hold the present levels for the second day in relation to the dollar for buying a
The rupee was firm against the dollar for the second session due to comfortable supply of the US currency, dealers said on the money market on Saturday. The rupee managed to hold the present levels for the second day in relation to the dollar for buying a
Front-month wheat futures on the Chicago Board of Trade neared a six-month high on Friday and the benchmark March contract also hit a multimonth high on chart-based buying and renewed fears that Russia might curb wheat exports, traders said. CBOT March wh
Rubber farmers in two of Asia's biggest producing-nations held back stocks this week as prices dropped close to five-year lows, with many producers in Thailand pressing the government to shore up prices while those in Indonesia cut back on work shifts.
Exporters of Russian wheat have cut prices to try to speed up sales abroad before the government possibly introduces curbs to replenish its own stocks and prevent rises in the cost of bread, traders and analysts said on Friday. Russia's grain exports are
Trading activity came down as mills and exporters, showed some hesitance in finalising new deals as rupee's ascent versus dollar likely to cause huge losses, dealers said on the cotton market on Saturday. The official spot rate sustained overnight rates a
The maximum price of the top grade Kenyan tea, Best Broken Pekoe Ones (BP1s), fell at this week's auction, Africa Tea Brokers (ATB) said in a report on Wednesday. Producers offered 10.05 million kg of tea for sale during the auction, and 20.66 percent of
Indian soyaoil futures fell on Friday tracking weak Malaysian palm oil futures while soyabean futures rose on a rise in overseas shipment of soyameal. Malaysian palm oil futures dropped on Friday, tracking falls in crude oil prices and competing vegetable
No change was seen in the prices at the local grain market on Saturday as some leading commercial centres were closed due to Chehlum of Imam Hussain (RA).
Palm oil on the European vegetable oils market eased on Friday on technical selling in Malaysian palm oil futures because of weakness in mineral oil prices. "Mineral oil mostly dominated the direction, but a weak ringgit, which makes palm oil cheaper for
Roughly an inch (2.5 cm) of rain is expected to fall in the next few days on the drought-damaged areas of Brazil's coffee belt in southern Minas Gerais and north-western Sao Paulo state, according to Reuters Weather Dashboard data. Although still a week a
ICE Canadian spot canola futures rose to the highest level in a month on Friday on buying by speculators and commercials, coupled with a softer Canadian dollar, traders said. A weaker Canadian currency makes canola more attractive to those holding other c
Spot corn basis bids were mostly steady to weaker in the US Midwest on Friday as rising futures prices sparked farmer selling, grain dealers said. Soyabean basis bids also were mostly steady to lower. Corn basis bids dropped by 6 cents in Morris, Illinois
Indonesian crude palm oil output eased around 3 percent in November, a survey of leading industry officials in the world's top producer showed, crimped as drought conditions stressed trees. Palm output in Southeast Asia's largest economy was 2.306 million
Indonesia's refined tin exports will come in as much as 10,000 tonnes below forecast this year, industry groups said, and its latest clampdown on exports is likely to hinder shipments from the world's top exporter into the first quarter of 2015. That coul
The naphtha crack rebounded on Friday, stemming a near two-week slide as a slump in crude prices propped up the relative value of naphtha. The naphtha crack was up $9.24 a tonne to $35.48 a tonne against Brent crude, which hit a more than five-year low on
India's palm oil imports could drop for a second straight month in December as local crushing of the soyabean crop gathers momentum, a leading trading company said. Palm oil purchases by India, the world's top importer, could be just 775,000 tonnes despit
US FOB Gulf corn basis offers stayed unchanged after the close on Friday but the market tone firmed as futures jumped to five-month highs on optimism about exports to China, traders said. Soyabean offers were also unchanged as the market continued to cool
European wheat futures rose sharply on Friday, supported by a surge in US prices and further signs that Russia is considering curbing grain exports to quell domestic inflation. March wheat, the most traded contract on the Paris-based Euronext exchange, wa
Sliding oil prices, leverage and sheer panic have exposed the fragility of Gulf equity markets just as they are becoming mainstream destinations for international investors. In May, MSCI upgraded Qatar and the United Arab Emirates to emerging-market statu
The Hong Kong Monetary Authority (HKMA) will stop issuing new exchange fund notes with tenors of three years and above, and instead issue new government bonds in a move aimed at unifying the two yield curves. HKMA, the territory's de facto central bank, s
The Hong Kong Monetary Authority (HKMA) will stop issuing new exchange fund notes with tenors of three years and above, and instead issue new government bonds in a move aimed at unifying the two yield curves. HKMA, the territory's de facto central bank, s
Eurozone bond yields dipped on Friday as falling oil prices eroded inflation expectations, crystallising bets that the ECB will have to resort to further stimulus early next year. German 10-year yields, the euro zone benchmark, dipped below 0.65 percent,
Eurozone bond yields dipped on Friday as falling oil prices eroded inflation expectations, crystallising bets that the ECB will have to resort to further stimulus early next year. German 10-year yields, the euro zone benchmark, dipped below 0.65 percent,
China stockpickers are becoming hot property as global banks compete for talent capable of piercing the veil of opacity and weak governance that is deterring some investors from taking advantage of new opportunities to trade Chinese shares. China stocks h
Investors are taking stock market forecasts sent out by analysts at the end of the year with a pinch of salt after annual predictions fell wide of the mark for best part of 15 years. The median year-end forecast for Britain's FTSE 100 index has on average
Argentina's first dollar-denominated bond issue since it defaulted on its debt in July has flopped, dealing a blow to government efforts to shore up its low foreign reserves. Economy Minister Axel Kicillof said on Friday that Argentina received offers wor
Argentina's first dollar-denominated bond issue since it defaulted on its debt in July has flopped, dealing a blow to government efforts to shore up its low foreign reserves. Economy Minister Axel Kicillof said on Friday that Argentina received offers wor
Canada's main stock index ended 1.25 percent lower on Friday as a raid on the Montreal offices of gaming company Amaya Inc weighed on its shares and those of two financial firms also involved in the securities regulator probe. The index, buffeted by plung
Recent record low yields on British government bonds are driven by global economic factors and high-grade investors, not speculative inflows of hot money that might point to a bubble, the man who issues the debt said on Wednesday. Robert Stheeman, chief e
Recent record low yields on British government bonds are driven by global economic factors and high-grade investors, not speculative inflows of hot money that might point to a bubble, the man who issues the debt said on Wednesday. Robert Stheeman, chief e
US stocks fell sharply on Friday, leaving the benchmark S&P 500 with its worst weekly performance since May 2012, as investors pulled back from the markets in response to oil's free-fall and more weak data out of China. Oil's declines have underscored con
A Luxembourg judge has charged a former PricewaterhouseCoopers employee suspected of leaking documents about secret corporate tax deals with theft and giving away business secrets, the Luxembourg public prosecutor's office said on Saturday. It said in a s
Five years after President Barack Obama slammed Wall Street "fat cat" bankers, some of the nation's biggest banks this week successfully lobbied Congress to roll back a hotly debated provision in the 2010 Dodd-Frank financial reform law. The question is w
Spanish Prime Minister Mariano Rajoy on Saturday promised fresh reforms to boost Spain's economic recovery and warned he would continue to resist the drive for independence of the Catalonia region. Responding to calls for constitutional reform to answer C
Australia's government warned of further job losses Saturday as media reports said around 175 government agencies working in areas as diverse as Antarctic science and drought will be scrapped. The conservative administration of Prime Minister Tony Abbott
A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported on Saturday, citing unidentified officials from the banking regulator. The fund, the
Facebook Inc has stopped including results from Microsoft Corp's Bing search engine on its social networking site. The move, confirmed by a company spokesperson, comes as Facebook has revamped its own search offerings, introducing a tool on Monday that al
New EU labelling rules taking effect Saturday require restaurants and other businesses to tell customers if their food could trigger allergies or raise other health concerns. "Key content information will now be more clearly marked on labels, helping peop
South Africa's government defended its economic policies on Saturday after credit ratings agencies cited the country's low GDP growth and budget and current account deficits as weaknesses. "Important structural reforms are underway in major economic secto
Italy's economy minister expects the European Central Bank to print money to buy government bonds to ward off the risk of deflation, he said in an interview published on Saturday. The measure, known as quantitative easing, has split opinion within the ECB
Bundesbank President Jens Weidmann said the European Commission's decision to give France longer to prove it is serious about economic reform and fixing its excessive public deficit risks damaging the credibility of the bloc's budget rules. "I would have
Brazil's state-run oil company Petroleo Brasileiro SA said it delayed the release of its third-quarter financial results for a second time on Friday as a result of new developments in a widening corruption probe. Prosecutors on Thursday indicted executive
The International Monetary Fund said Seychelles' economy will grow at 2.8 percent this year, lower than its initial forecast of 3.7 percent, due to weaker demand for the country's main exports. The Indian Ocean archipelago relies on exports of canned tuna
The International Monetary Fund said Seychelles' economy will grow at 2.8 percent this year, lower than its initial forecast of 3.7 percent, due to weaker demand for the country's main exports. The Indian Ocean archipelago relies on exports of canned tuna
BP is to axe middle managers and could freeze projects as it grapples with the plummeting oil price, The Sunday Times reported, citing finance director Brian Gilvary. "What you'll see with this simplification plan is that headcounts are starting to come d
The Swiss private banking arm of HSBC Holdings Plc is not for sale, its head said in a newspaper interview published on Saturday. Asked whether HSBC wanted to sell its Swiss business, Franco Morra, chief executive of HSBC Private Bank (Switzerland), told
The battered Nigerian naira is likely to trade within a tight range next week, sustained by dollar flows from oil companies and intervention by the central bank. Kenya's shilling is expected to come under renewed pressure, though central bank intervention
South Africa's rand hit a six-year low against the dollar on Friday and bond prices slid on concern that ratings agency Fitch could downgrade the country's debt in its latest review. The rand slumped nearly 1 percent to 11.7225 to the dollar as of 1528 GM
Top global charities lost $23.5 million on foreign exchange last year because of problems with hedging their international income and access to often obscure currencies of poor or war-torn nations, research showed on Tuesday. An investigation into alleged
The Canadian dollar closed at its weakest level against the greenback in 5-1/2 years on Friday as new worries over a drop in oil demand spurred by an International Energy Agency report sent crude prices plunging. The agency, which co-ordinates the energy
The US dollar cut its losses against the euro, extended gains against the yen and reached an 11-year high against the Norwegian crown on plunging oil prices and stronger-than-expected US economic data on Friday. Oil prices fell to 5-1/2 year lows on conce
China will allow financial firms apart from banks to trade in its interbank foreign exchange market from January 1, the government said on Tuesday in another step to deepen the country's financial markets. Sources with knowledge of the matter had told Reu
Speculators further pared their net long US dollar position in the latest week to the smallest in roughly six weeks, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net long position slid by more than $5 bill
After skyrocketing to more than a thousand dollars in price late last year and attracting global attention, bitcoin, the leading digital currency, has stalled. Figures obtained by Reuters show that while "wallets" - cyberspeak for accounts - are being cre
Manchester City made it seven straight victories and kept the pressure on Premier League leaders Chelsea as Frank Lampard's first-half goal secured a 1-0 win at lowly Leicester City on Saturday. Manuel Pellegrini's side were far from their clinical best a
Kumar Sangakkara slammed a run-a-ball 112 on Saturday to set up Sri Lanka's series-clinching 90-run win over England in the sixth one-day international in Kandy. The victory helped Sri Lanka take an unassailable 4-2 lead in the seven-match series with one
An International XI football team, consisting of British, German, French and Pakistani players, teamed up on Saturday to play against the Pakistan Army XI team to commemorate one of the most iconic moments of World War One - the 1914 Christmas Truce footb
Pakistan A beat Kenya by 9 wickets in the first ODI of the 5-match series at the Qaddafi Stadium here on Saturday. Winning the toss and putting Kenya in to bat, Pakistan A restricted their opponents to a mere 167. Kenya were dismissed in the 39th over. Le
After the second round, M. Shabbir of Islamabad emerged as the most dynamic player of the 4th Quaid-e-Azam Open Golf Championship here at the historic par 72, Lahore Gymkhana Golf Course on Saturday. M. Shabbir is certainly a contender with a dynamic touc
Australia's David Warner and India duo Shikhar Dhawan and stand-in skipper Virat Kohli were found guilty of breaching the ICC code of conduct and handed fines for bust-ups during the stormy first Test which ended in Adelaide on Saturday. Warner and Dhawan
Nathan Lyon bowled Australia to a gripping 48-run victory with Indian skipper Virat Kohli almost conjuring a come-from-behind win with a magnificent last day century in the first Adelaide Test on Saturday. The off-spinner claimed seven wickets in India's
China's world number five Feng Shanshan, the highest ranked player in the field, completed a dominant wire-to-wire victory at the 500,000 euros Ladies European Masters - her second win in the European Tour's season-ending championship in three years. The
Injury-jinxed Michael Clarke says there is a chance he may never play cricket again after another setback forced him out of Australia's first Test triumph and the rest of the India series on Saturday. The Australia skipper suffered a new injury after pull
Pakistan skipper Misbah-ul Haq was fined 15 percent of his match fee for showing dissent at an umpire's decision and Kiwi bowler Adam Milne was reprimanded for using obscene language during a one-day international in Sharjah. Misbah also hurt his hamstrin
Pakistan on Saturday recalled leg-spinner Yasir Shah and all-rounder Anwar Ali for the three remaining one-day internationals against New Zealand as they continued to sweat over skipper Misbah-ul Haq's injury. Pakistan went down by four wickets in the sec
A multi-vehicle collision and subsequent fire on a southern Chinese expressway killed 12 people early Saturday, state media reported, the latest fatal road accident in the country. The pileup occurred in Guangdong province at about 2 am on Saturday (1800
Indian police on Saturday arrested a 24-year-old believed to be the handler of an influential Twitter account supporting the Islamic State group, officials said. Mehdi Masroor Biswas, who works for an Indian food conglomerate in the southern city of Banga
Forces loyal to Libya's recognised government on Saturday conducted air strikes on targets near the eastern oil ports of Ras Lanuf and Es-Sider to stop an advance by a rival force, officials said. The clashes are part of a wider struggle in the North Afri
Yemeni troops Saturday shot dead five al Qaeda suspects disguised as women who fired at a soldier during a checkpoint inspection of their Saudi-bound bus, officials said. Another suspect and the driver were wounded in the shooting in Harad, a town 15 kilo
Sudan's President Omar al-Bashir claimed victory over the International Criminal Court on Saturday after it shelved further investigation of war crimes in Darfur, and reaffirmed his hard line on the rebel region. The Hague-based court indicted Bashir in 2
Passengers on a flight from the United States to Australia endured an even longer journey than they were expecting when their plane was diverted and then spent eight hours waiting on the tarmac, reports said Saturday. Travellers on United Airlines flight
Iran said it had agreed to extend temporary visas for 450,000 Afghan refugees for six months, lifting a threat to send them back home to a country facing attacks by resurgent militants. Afghanistan - struggling to cope with hundreds of thousands of people
Mozambique's President Armando Guebuza on Saturday inaugurated a new international airport in the northern port city of Nacala, which is shortly to be Brazilian mining giant Vale's main hub for coal exports. The estimated cost of $200 million has been par
Three teenagers and a 20-year-old man were shot and wounded on Friday outside a Portland, Oregon, high school when a gunman thought to have gang ties opened fire following a dispute, police said. The suspect, believed to be in his late teens or early 20s,
The Federal Bureau of Investigation has warned US businesses to be on the alert for a sophisticated Iranian hacking operation whose targets include defence contractors, energy firms and educational institutions, according to a confidential agency document
The US Senate convened a special session Saturday amid deep divisions over a $1.1 trillion spending bill that lawmakers must pass to avert a government shutdown. The massive legislation has already been approved by the House of Representatives, and while
Kurdish forces killed at least 16 Islamic State group fighters in an attack on Saturday in north-east Syria near the border with Turkey, the Syrian Observatory for Human Rights said. The assault targeted IS positions south of the town of Ras al-Ain in Has