Asia's naphtha crack slumped to $48.65 a tonne on Wednesday, the lowest since January 12, as crackers' run cuts at Asia's top naphtha importer and slow demand weighed heavily. Taiwan's Formosa Petrochemical Corp has cut throughput at its three naphtha cra
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said it bought 60,000 tonnes of Russian wheat in a tender on Thursday. The wheat was purchased at $190.07 a tonne cost and freight, Mamdouh Abdel Fattah, vice chairman of GASC
Wheat futures on the Chicago Board of Trade fell for a third straight session on Thursday, with the front-month contract hitting its lowest in nearly three months on rising estimates of world supplies and strength of the US dollar, traders said. CBOT Sept
A slow activity was seen on the local commodity market on Saturday due to less buying interest, dealers said. On the rice side, Irri-6 Sindh quoted at Rs 2800 and Rs 2850, other items maintained their overnight levels, they said. On the seeds side, cotton
Rice export prices on Asian markets eased further this week in line with weakening currencies in major export nations Thailand and Vietnam, while buying demand was scant, traders said on Wednesday. Recent global market movements have also prompted buyers
Both the futures were up on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December vaida closed at Rs 1302.50, opened with 30 paisa rise at Rs 1302.80 in the early session, dealers said. The January contra
Prices went up modestly on the cotton market on Saturday amid tight supply of seed cotton, dealers said. The official spot rate extended overnight gains, picking up Rs 50 to Rs 4,550, dealers said. Seed cotton prices in Sindh were higher by Rs 50 to Rs 23
Welfare spending in Sweden will rise by 1.7 billion crowns ($200 million) next year under a deal agreed between the country minority government and an opposition party, daily Svenska Dagbladet wrote. The deal over the 2016 budget between the government an
Germany's Finance Ministry expects government borrowing costs to rise next year, Der Spiegel magazine reported on Saturday. Yields on German 10-year bonds, the euro zone benchmark, hit a record low of 0.05 percent in April, pinned down by the European Cen
Bank of England Governor Mark Carney said on Saturday that concerns about a slowdown in China's economy did not change the British central bank's position on when it might start to increase interest rates. "As I said recently, the prospect of sustained mo
German inflation remained close to zero in August, keeping pressure on the European Central Bank to consider additional stimulus measures as the falling cost of oil and a slowdown in China put the brakes on prices. Preliminary data for Europe's largest ec
Switzerland's economy grew unexpectedly in the second quarter, skirting a recession as exporters weathered a strong franc better than some had expected. However, economists cautioned that picture was complicated by a fall in imports. This may have flatter
Warren Buffett's Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell. The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Frida
Boeing has won a $1.49 billion contract to build 13 additional P-8A maritime surveillance aircraft, and provide parts for 20 other aircraft of the same type. The Defense Department said nine planes were being built for the US Navy, while the four others w
A state oil firm loyal to Libya's official government based in the east of the country has postponed a conference in Dubai to discuss oil majors' existing contracts with the Opec member country. The conference is a fresh attempt by Libya's internationally
Southern Africa-focused low-cost airline Fly Africa will expand to fly new routes to destinations in East and West Africa, Gabon's president said on Saturday. "One of the biggest contributions that we as Africans can make to Africa's development is to ope
Ex-Soviet republic Kyrgyzstan on Friday inaugurated a Chinese-financed power line officials say will bring energy independence to the country, one of the many projects Beijing has sponsored in the region. The 450-kilometre Datka-Kemin power line is expect
Algeria plans to cut government spending by 9 percent next year due to the collapse in prices for its oil exports, Prime Minister Abdelmalek Sellal said. "We need courageous decisions for 2016, so we have decided on a 9 percent cut in the budget," Sellal
Brazilian state-run oil company Petrobras and other investors reached an agreement to approve the restructuring plan of ailing oil-drilling-rig builder Sete Brasil Participa??es SA, two leading local newspapers reported on Friday. The plan would pave the
US natural gas futures fell 2 percent in the last day of trading for the September contract as forecasts of warmer temperatures were offset by a government report that showed larger-than-expected builds in weekly storage. The US Energy Information Adminis
Spot iron ore prices dropped to their lowest in nearly a month, under pressure from a weaker steel market in top consumer China that plunged Shanghai steel futures to a record low this week. Traders were not confident that a seasonal pickup in Chinese ste
Spot basis bids for soyabeans were steady to weaker at processors and elevators around the US Midwest on Thursday, grain dealers said. Strength in the futures market sparked a light round of soyabean sales from farmers looking to lock in prices for the cr
Most products on the European vegetable oils market rallied on Thursday, tracking sharply higher equities and energy markets as concerns eased about the Chinese economy after a rally in Chinese stocks. "Outside markets pushed prices up, but there was no g
Soyabean export premiums at the US Gulf Coast dipped on Thursday ahead of an expected influx of new supplies ahead from the autumn harvest, traders said. Corn and wheat premiums were mostly steady. Farmers continued to hold back on selling crops because o
Volatile swings in Brazil's currency and coffee futures prices dampened interest in producer selling of the commodity this week, as all eyes focused on flowering of the new crop, traders said on Thursday. Brazil's drought-stressed southeastern states, whe
Russia, one of the world's top wheat exporters, will harvest its third-largest grain crop in post-Soviet history this year, leading Russian consultancy SovEcon said on Thursday after upgrading its forecast. Farmers have managed to reap a large crop despit
Asian grain importers are locking in forward purchases as they take advantage of a sharp drop in grain prices, with some buyers booking shipments right up to the middle of next year in an unusual move, traders said on Wednesday. Thailand has recently boug
European wheat futures were little changed by the close on Thursday as the market weighed a sharp fall in the euro against weakness on the US market and disappointment at French wheat missing out again in a tender from top importer Egypt. December milling
Australian supermarket giant Woolworths on Friday posted a 12.5 percent slide in full-year net profit and announced its chairman was stepping down, just months after the group's chief executive quit. Profit at the country's largest food retailer fell to A
Australian supermarket giant Woolworths on Friday posted a 12.5 percent slide in full-year net profit and announced its chairman was stepping down, just months after the group's chief executive quit. Profit at the country's largest food retailer fell to A
Croatia's economy grew 1.2 percent in the second quarter year-on-year, the state statistics bureau said in its flash estimate on Friday, beating expectations and lifting hopes for full-year growth after a long recession. Analysts' forecasts were an averag
Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have led th
Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have led th
A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper. The IMF has yet to make clear if it will particip
Turkey's central bank on Saturday raised the reserve ratio on lenders' short-term hard currency borrowings to encourage the banks to borrow longer-term and bring more stability to a domestic currency market that has been subject to big swings. The bank al
Iran's crude oil production stands at 2.9 million barrels per day (bpd), President Hassan Rouhani was quoted as saying on Saturday, an increase of 200,000 bpd since he took office in 2013. "In the last two years we succeeded in increasing our crude oil pr
Zimbabwean President Robert Mugabe has signed a new law banning mass lay-offs following a spate of redundancies that unions say put 30,000 people out of work, local media reported Friday. The Supreme Court ruled last month that employers could fire worker
Profits at Chinese industrial companies in July slid 2.9 percent from a year earlier as falling prices eroded earnings, official data showed on Friday, underlining weakness in the world's second-largest economy. Growth in Chinese manufacturing has been st
US inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday. The influential US central banker was circumspect whet
President Barack Obama on Saturday defended his decision to allow Royal Dutch Shell to drill for oil in the Arctic Ocean under what he said were rigorous standards, fending off criticism by environmental groups. His message comes on the eve of a three-day
Myanmar has set a minimum wage of 3,600 kyat ($2.80) for an eight-hour work day, a move likely to boost investment in the fast-growing country's garment industry. The decision on a minimum wage, which follows two years of often acrimonious debate between
German bond yields edged lower on Friday, defying a sudden surge in oil prices, as data showed consumer prices in Europe's biggest economy had been weighed down by falling energy costs. German inflation remained close to zero in August, keeping pressure o
German bond yields edged lower on Friday, defying a sudden surge in oil prices, as data showed consumer prices in Europe's biggest economy had been weighed down by falling energy costs. German inflation remained close to zero in August, keeping pressure o
Alignvest Acquisition Corp, an investment company set up primarily to buy an operating asset, said on Wednesday it is raising almost double the money it set out to generate via an initial public offering on the Toronto Stock Exchange. The Toronto-based co
Alignvest Acquisition Corp, an investment company set up primarily to buy an operating asset, said on Wednesday it is raising almost double the money it set out to generate via an initial public offering on the Toronto Stock Exchange. The Toronto-based co
US Treasuries prices fell on Friday, with most yields posting their biggest weekly rise in nine weeks as the Federal Reserve's No 2 official suggested a September rate increase remained a possibility in the wake of global market turbulence this week. "We'
US Treasuries prices fell on Friday, with most yields posting their biggest weekly rise in nine weeks as the Federal Reserve's No 2 official suggested a September rate increase remained a possibility in the wake of global market turbulence this week. "We'
Citigroup and Morgan Stanley will lead the market debut of credit card processor First Data, in what will be one of the biggest initial public offerings of the year if it goes ahead. First Data, which is owned by private equity firm Kohlberg Kravis Robert
Citigroup and Morgan Stanley will lead the market debut of credit card processor First Data, in what will be one of the biggest initial public offerings of the year if it goes ahead. First Data, which is owned by private equity firm Kohlberg Kravis Robert
British investors put more money into stocks in August and, wary of low yields, cut their allocation to bonds to its lowest since July 2014, a Reuters poll found. The monthly survey of 10 investment managers based in Britain showed average exposure to sha
British investors put more money into stocks in August and, wary of low yields, cut their allocation to bonds to its lowest since July 2014, a Reuters poll found. The monthly survey of 10 investment managers based in Britain showed average exposure to sha
Deutsche Annington is expected to win a spot on the DAX index of leading German shares next month, representing the real estate sector for the first time after acquisitions helped it to expand rapidly. Deutsche Annington is poised to replace Lanxess, the
Canada's main stock index climbed on Friday, driven by a surge in shares of energy and mining companies rebounding from the brutal selloff earlier in the week. The benchmark index gained for a fourth straight session and ended the week nearly 3 percent hi
As the dust settles after of the most dramatic weeks for global markets since the financial crisis, attractive valuations and high yields in European equities suggest that a recent rebound has further to go. Some strategists are downgrading earnings forec
Russia's Uralkali, the world's largest potash producer, approved a $1.3 billion share buyback on Tuesday which may lead to its delisting from the London Stock Exchange due to a decline in liquidity. Uralkali has previously spent $1.1 billion on a buyback
Russia's Uralkali, the world's largest potash producer, approved a $1.3 billion share buyback on Tuesday which may lead to its delisting from the London Stock Exchange due to a decline in liquidity. Uralkali has previously spent $1.1 billion on a buyback
Brazil has no plans to sell dollars from its foreign reserves to curb foreign exchange volatility because its strategy of offering currency swaps is working "very well," a member of President Dilma Rousseff's economic team told Reuters on Monday. In recen
The stock market turmoil of the last five days, following weeks of broader declines that have left half of this year's newly listed stocks below their offering prices, could slow the already cooling US market for initial public offerings. Wall Street bank
Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected. Shares traded lower earlier in the session after Fed Vice Chairman Stanley Fischer
East African currencies are expected to come under pressure next week as investors flee emerging markets, while the naira is likely to hold its ground on anticipated dollar sales by the central bank.
Indonesia's central bank has tightened its rules for domestic purchases of US dollars as it tries to bolster the fragile rupiah. Effective immediately, Bank Indonesia said dollar purchases at banks or money changers above $25,000 require a document showin
Oman is committed to maintaining the peg of its currency against the US dollar despite the drop of oil prices, central bank executive president Hamood Sangour al-Zadjali said. "We are committed to keeping the Omani rial pegged to the US dollar," Zadjali t
Most bouts of global market volatility in recent years have featured one constant: the US dollar strengthens as investors clamour for the perceived safety of US assets such as Treasuries. By contrast, over the last two previous trading days, the dollar lo
The dollar rose to one-week highs on Friday for a fourth straight session of gains after some Federal Reserve officials did not rule out an interest rate hike next month despite this week's market meltdown. The dollar index, a gauge of the greenback's val
Intervention to stem Colombia's rising inflation and the precipitous fall in the peso currency is unnecessary, central bank board member Adolfo Meisel said on Wednesday, because both reflect transitory pressures. Meisel, one of seven members of the centra
Speculators pared back bullish bets on the US dollar in the latest week to their smallest in more than two months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net l
Peru is planning new measures to curb currency speculation that has been driving the sol's rapid slide against the dollar in recent weeks, a central bank official said on Wednesday. Peru's banking superintendent is writing new rules for the country's priv
The Canadian dollar ended near unchanged against the greenback on Friday, as cautious market participants balanced a sharp jump in crude oil prices against comments by US Federal Reserve officials who did not rule out a September rate hike. The Canadian d
Japanese Finance Minister Taro Aso warned market players against pushing up the yen too much further, saying that its spike against the dollar overnight was "rough" and undesirable for the economy. Aso said that while there was no immediate plan for G20 a
Plunging commodity prices are testing the viability of emerging currencies' long-standing pegs to the dollar, with some already abandoned as countries balk at the cost of clinging to fixed exchange rates. Kazakhstan unshackled its tenge last week, and bet
Chelsea manager Jose Mourinho suffered only his second Premier League defeat at Stamford Bridge as Crystal Palace clinched a shock 2-1 win over the spluttering champions on Saturday. Mourinho was taking charge of his 100th home fixture in England's top-fl
Cheteshwar Pujara marked his recall with an unbeaten century after Sri Lanka's Dhammika Prasad ripped through India's batting in the decisive third and final Test in Colombo on Saturday. The tourists, who resumed at 50-2 after a rain-curtailed opening day
Ace off-spinner Saeed Ajmal still has hopes to make a comeback to the national team as he has something to offer for his country. Ajmal said he is looking forward to playing once again in the upcoming domestic cricket season in Pakistan. "I am ready to ta
Australia regained the women's Ashes with a 20-run win over England in the second Twenty20 international at Hove on Friday. Victory gave Australia an unbeatable 10-4 points lead in the multi-format series, which concludes with a now 'dead rubber' Twenty20
Former cricketer Rameez Raja has said that the trio Mohammad Asif, Mohammad Aamir and Salman Butt don't deserve a second chance to play for Pakistan as that had brought a bad name to the country. Raja advised the Pakistan Cricket Board (PCB) to rule out a
A pensive Teddy Riner described himself as merely "satisfied" after claiming a record eighth title at the world judo championships in Kazakhstan on Saturday. As Japan claimed a sixth gold medal across six days of competition, giant Frenchman Riner stole t
World number ones Serena Williams and Novak Djokovic will launch their bids for the US Open title on Monday's first day of competition, tournament organizers announced Friday. In a Twitter posting, the tournament said top halves of brackets on both the me
Usain Bolt's third sprint gold and Mo Farah's unique "triple double" shared the spotlight with Ashton Eaton on Saturday as the American thrilled the world championships with a record-breaking decathlon win. This time Bolt shot down not only Justin Gatlin