Steadier trend as again witnessed on the local money market on Saturday as the rupee moved positively against the dollar on Saturday, dealers said. The rupee gained five paisa in terms of the dollar for buying at Rs 105.90 but it did not move any side for
Steadier trend as again witnessed on the local money market on Saturday as the rupee moved positively against the dollar on Saturday, dealers said. The rupee gained five paisa in terms of the dollar for buying at Rs 105.90 but it did not move any side for
Corn, wheat and soyabean export premiums were steady to higher at US ports on Thursday, with the recent downturn in futures helping make the crops slightly more competitive in global markets, traders said. Higher bids this week in the US barge market also
Asia's naphtha front-month, second-half December price was $5.50 a tonne higher than the following month, making this the highest backwardation since June 15. Backwardation reflects a strong market where contango reveals a weak market. Contango describes
Rice prices in Thailand may have reached their bottom after remaining stable in the past month amid a lack of fresh demand, while Vietnamese rice prices were steady due to limited supply and weak buying demand, traders said on Wednesday. Negotiations by T
Trade activity came down on the cotton market on Saturday as gas supplies curtailed to the industrial sector, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 2400 and Rs 2900 and in the
Palm oil on the European vegetable oils market eased slightly on Thursday due to a weaker ringgit, while talk of lower production during the first 10 days of November limited losses. "There was talk that the Southern Peninsula Palm Oil Millers' Associatio
Wheat futures on the Chicago Board of Trade closed higher on Thursday for a second straight session, led by the front December contract on technical buying including short-covering, traders said. K.C. hard red winter wheat drifted lower while MGEX spring
An upward trend was witnessed on the grain market on Saturday in the process of thin trading, dealer said. On the cereals side, Moong Punjab was higher by Rs 250 to Rs 10500 and Moong Afghan lost Rs 125 to Rs 11250, Masoor Dall low variety was down by Rs
European wheat prices fell to their lowest in more than a week on Thursday, mainly pressured by lackluster exports and an upward revision of French ending stocks. December, the benchmark on Paris-based Euronext milling wheat futures, settled 1.2 percent l
Freight rates for capesize bulk carriers could trend lower next week with reduced cargo volumes from Brazil negatively affecting an overtonnaged market, brokers said. That came as capesize charter rates from Brazil to China on Wednesday hit their lowest l
Freight rates for capesize bulk carriers could trend lower next week with reduced cargo volumes from Brazil negatively affecting an overtonnaged market, brokers said. That came as capesize charter rates from Brazil to China on Wednesday hit their lowest l
Basis bids for hard red winter wheat firmed at flour mills in Kansas on Thursday, while farmers continued to focus on their fall harvest. Wheat bids firmed by 15 cents at a flour mill in Newton, Kansas, while bids rose by 10 cents at a mill in Wichita, Ka
Ukraine, the world's biggest exporter of sunflower oil, has almost completed its 2015 sunflower harvest, threshing 10.9 million tonnes of the commodity from 99 percent of the sown area, the agriculture ministry said on Wednesday. The yield has reached 2.1
Rice shipments from Vietnam have started arriving in Indonesia, the head of the country's food procurement agency told Reuters on Wednesday. Indonesia reached tentative agreements to import 500,000 tonnes of rice from Thailand and 1-1.5 million tonnes fro
US natural gas futures were little changed on Thursday on mixed weather forecasts calling for mostly steady heating demand over the next two weeks. Front-month gas futures on the New York Mercantile Exchange closed down 0.3 cents at $2.26 per million Brit
Coffee harvesting in Vietnam, the world's largest robusta producer, is yet to pick up pace due to low prices and cloudy weather, while Indonesian coffee premiums have widened this week, traders said on Thursday. In Vietnam's Central Highlands coffee belt
Brazil's center-south sugar mills crushed 38.38 million tonnes of cane in the second half of October, compared with 36.13 million tonnes earlier in the month, staging a slight recovery after rains had slowed operations, cane industry group Unica said on T
The sugar-growing South African province of KwaZulu Natal is the driest it has been in over a century, according to data provided on Tuesday by the South African Weather Service, underscoring the scale of a drought scorching Africa's most advanced economy
Italy's economy grew less than expected in the third quarter, suggesting a slowing recovery this year after three years of recession, but the government said the underlying picture was more encouraging. Gross domestic product in the euro zone's third-larg
The president of Peru's banking superintendency resigned late on Friday amid a wave of criticism in Congress of a pension reform that would have reduced payments to future retirees. Daniel Schydlowsky's decision to step down came ahead of a congressional
Greenpeace India will appeal against an order to shut over allegations of fraud and falsification of data, the environmental group said on Saturday. Prime Minister Narendra Modi has declared economic development a priority and his government has cracked d
A federal judge in Connecticut on Friday sentenced the French industrial company Alstom SA to pay a $772.3 million criminal fine, the largest levied by the US government in a foreign bribery case, the US Department of Justice said. The sentencing by US Di
The International Finance Corporation (IFC), a unit of the World Bank, plans to invest up to 300 million euros in the recapitalisation of Greece's four big banks via their share issues, an IFC executive said on Friday. Greece's four main banks - National,
Bangladesh will seek up to $12 billion in assistance for infrastructure development during a two-day meeting with funding partners that begins on Sunday, a senior finance ministry official said. Bangladesh now spends only two to three percent of GDP on su
French financial markets will open as usual on Monday after a wave of deadly Islamist militant attacks in Paris late Friday, stock and derivatives exchange Euronext said. "Security measures will be taken for our staff but the markets will open as usual on
Poland will seek to secure financing for European Union's largest coal miner Kompania Weglowa and plans to replace old mines with more efficient ones, energy minister designate Krzysztof Tchorzewski was quoted saying in newspaper Gazeta Wyborcza on Saturd
Prime Minister Justin Trudeau instructed his natural resources minister to "modernize" Canada's independent pipeline regulator, said a letter released on Friday that gave details on the newly elected leader's environmental plans. Trudeau asked Natural Res
Greece's Alpha Bank got shareholder approval on Saturday for a plan to fill a capital hole identified in a European Central Bank health check last month. Alpha Bank, whose biggest shareholder is the country's HFSF bank rescue fund with 66.2 percent, was f
Morgan Stanley did not cheat a company controlled by Russian tycoon Oleg Deripaska by engaging in insider trading at the height of the financial crisis, a US jury found on Friday. The verdict by a federal jury in Manhattan came on the second day of delibe
China's yuan moved closer to joining other top global currencies in the International Monetary Fund's benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up. The recommendation paves the wa
Europe's biggest asset manager, Amundi, said on Wednesday that it would have a market value of about 7.5 billion euros ($8 billion) following what will be the biggest French IPO since the financial crisis of 2008. Amundi set the IPO offer price at 45 euro
Europe's biggest asset manager, Amundi, said on Wednesday that it would have a market value of about 7.5 billion euros ($8 billion) following what will be the biggest French IPO since the financial crisis of 2008. Amundi set the IPO offer price at 45 euro
IEX Group's application to become a US stock exchange does not meet industry standards and regulators should not approve the upstart trading venue's request, which lacks key details on how it's so-called 'speed bump' would operate, the New York Stock Exch
Commercial Bank of Dubai priced a comeback deal on Tuesday but failed to quell concerns about liquidity in the Middle East. The lender printed a US $400m five-year bond at par to yield 4% in the first conventional deal by a non-sovereign from the region s
Chinese stock regulators raised margin finance requirements on Friday in the name of preventing systemic risk, but kept widely-criticised limits on how much companies price IPOS in place. The amount of collateral required for margin loans would double fro
US Treasuries prices rose on Friday, with yields hitting their lowest in a week, as unexpectedly weak US retail sales and producer prices data reinforced the view of modest economic growth and tame inflation. The data also supported the notion the Federal
US Treasuries prices rose on Friday, with yields hitting their lowest in a week, as unexpectedly weak US retail sales and producer prices data reinforced the view of modest economic growth and tame inflation. The data also supported the notion the Federal
The public sector debt market is treading water again after a strong few weeks as upcoming political and monetary policy events weigh on sentiment and play havoc with government bond spreads. The European Stability Mechanism and KfW this week struggled to
The public sector debt market is treading water again after a strong few weeks as upcoming political and monetary policy events weigh on sentiment and play havoc with government bond spreads. The European Stability Mechanism and KfW this week struggled to
Canada's main stock index extended this week's losses, recording its lowest close in more than six-weeks, as a new 2 1/2-month low for crude oil and softer-than-expected US retail sales data weighed on investor sentiment. The most influential movers on th
Dutch bank ABN Amro, which was nationalised during the 2008 financial crisis, said on Tuesday it will return to the stock market on November 20, in Europe's biggest stock offering in years. ABN Amro will offer 20 percent of its capital to investors. This
Dutch bank ABN Amro, which was nationalised during the 2008 financial crisis, said on Tuesday it will return to the stock market on November 20, in Europe's biggest stock offering in years. ABN Amro will offer 20 percent of its capital to investors. This
The owner of IndiGo, India's biggest airline by market share, surged as much as 17.6 percent in its market debut on Tuesday despite a premium valuation, as investors bet on future profits in one of the world's fastest-growing aviation markets. InterGlobe
Wall Street fell sharply on Friday and capped off its worst week since the dark days of August, hurt by a selloff in technology companies, while department stores dropped on concerns about the upcoming holiday shopping season. After the bell, US stock ind
Nigeria's naira is expected to hold steady next week after the central bank enforced new disclosure measures on forex purchases. Falling government debt yields are likely to keep Kenya's shilling under pressure.
The Australian dollar appears to have found a base near 70 US cents having already slid nearly 13 percent this year, and a rebound looms should the Reserve Bank of Australia (RBA) resist pressure for further stimulus at a policy review on Tuesday. If the
China's national foreign exchange market will introduce direct trading of the Swiss franc, the operator said on Monday, as the country pushes greater international use of its yuan currency. Trading of the Switzerland currency against the yuan begins on Tu
Signs are the next month will bring a third attack on the $1.0450 barrier that halted the dollar's rise against the euro earlier this year and positioning data indicates the bulls will have a stronger hand this time than in March or April. Most players in
The dollar rose on Friday as statements from Federal Reserve officials and US economic data continued to support expectations that the US central bank may raise interest rates in December. US consumer sentiment beat forecasts, gaining for the second strai
Daily spot trading volumes on foreign exchange platforms run by Thomson Reuters fell 4.5 percent in October from the previous month, the company said on Tuesday, as some of the recent volatility created by China's yuan devaluation ebbed. The numbers from
The Canadian dollar tumbled to a new six-week low against the US dollar on Friday, pressured by a fresh 2-1/2-month low for crude oil and broader gains for the greenback despite softer-than-anticipated US retail sales data. "The price action is more or le
Belarus will slash four zeros from banknotes from July next year, as the struggling ex-Soviet republic looks to trim its bloated currency. Strongman leader Alexander Lukashenko on Thursday signed a decree ordering a redenomination of the currency that wil
Billions in currency options set between $1.04 and $1.07 stand between the dollar and a push past this year's highs against the euro, according to traders. Reuters polling and other measures of expectations on interest rates suggest an up to 80 percent pr
Sentiment towards emerging Asian currencies deteriorated in the last two weeks on growing views of a US rate rise in December with bearish bets on the Chinese yuan and the Indian rupee hitting their largest in two months, a Reuters poll showed. The yuan's
The European Central Bank has ordered Portugal's Novo Banco to fill a 1.4 billion euro ($1.5 billion) hole in its finances, possibly delaying its planned sale and hampering Lisbon's efforts to draw a line under its biggest banking collapse. The request to
Poland's KGHM, the second-largest copper producer in Europe, on Saturday called for a cut in the domestic tax on miners and flagged a temporary shutdown at one of its overseas mines as copper prices sit at multi-year lows. Shares in the state-run miner ha
Lotte Duty Free, world's third largest duty free store operator, lost a duty free store licence in downtown Seoul to a rival bidder on Saturday. Doosan Co Ltd and Shinsegae Co Ltd won the license previously held by Lotte and another license previously ope
A former US Securities and Exchange Commission compliance examiner was criminally charged on Friday for making false statements regarding her and her husband's prohibited stock holdings. Eugenia Cantiello, 46, was charged in a criminal complaint filed in
Tens of thousands protested against South Korean President Park Geun-hye's labour and education policies on Saturday in one of the largest street rallies in recent years, prompting police to use water canons and barricades to stop the crowd. A militant la
The US Food and Drug Administration said on Friday it approved Baxalta Inc's drug for use in patients with a type of rare bleeding disorder. The drug, Adynovate, was approved to control and reduce the frequency of bleeding episodes in patients with Hemoph
Chinese snacks and beverages-maker Dali Foods Group Company Ltd raised HK$8.87 billion ($1.14 billion) after pricing its Hong Kong initial public offering at the lower end of the expected price range, IFR reported on Saturday, in a deal that will fund pot
Chinese snacks and beverages-maker Dali Foods Group Company Ltd raised HK$8.87 billion ($1.14 billion) after pricing its Hong Kong initial public offering at the lower end of the expected price range, IFR reported on Saturday, in a deal that will fund pot
Copper production in Democratic Republic of Congo, Africa's top producer, slumped 8.2 percent year on year in the third quarter due to power shortages and low metal prices, the chamber of mines said. The mining sector accounts for about 20 percent of the
Ghana's finance minister on Friday said the economic outlook was brighter going into 2016, as the country heads towards presidential elections. Seth Terkper said the government in Accra was aiming for overall GDP growth of 5.4 percent, to cut inflation to
Exchange and clearing house operator Nasdaq Inc plans to develop several applications for blockchain, the technology underpinning the digital currency bitcoin, using its Estonian settling and clearing business, a senior Nasdaq executive said on Friday. Th
Capital controls imposed to shore up Greece's banking system as its government thrashed out a new bailout deal have damaged the economy less than feared, according to data showing only a modest decline in output between June and September. Gross domestic
President Barack Obama on Friday urged the US Congress to quickly approve a 12-nation Pacific trade pact early in 2016, telling reporters the Trans-Pacific Partnership (TPP) was essential to the American economy as well as national security.
India's spin twins Ravichandran Ashwin and Ravindra Jadeja shared eight wickets as South Africa crumbled for 214 on the opening day of the second Test in Bangalore on Saturday. AB de Villiers marked his 100th Test with a stroke-filled 85 to bolster the sc
England's consultant of coaching Paul Collingwood Saturday showed excitement over a young bunch of players who he believes put the team in a strong place - with the long term goal of winning the 2019 World Cup at home. England thumped Pakistan by 95 runs
France football stars Zinedine Zidane and Patrice Evra have withdrawn from a charity football match at Manchester United's Old Trafford ground on Saturday also featuring David Beckham following the terror attacks in Paris. Retired France World Cup-winner
Germany's football team spent the night at the Stade de France in north Paris after a friendly match against France rather than take the risk of driving through the French capital to their hotel following the attacks that left more than 120 people dead. "
The England-France friendly match scheduled for Tuesday in London will go ahead despite deadly attacks in Paris that left more than 120 dead on Friday, according to the French football federation. "After talks with the English FA who assured us there was
Petra Kvitova came back from a set down to beat Anastasia Pavlyuchenkova and hand holders the Czech Republic a 1-0 lead over Russia in the Fed Cup final in Prague on Saturday. Kvitova, the world number six and Czech number one, beat 28th-ranked Pavlyuchen
Leading foreign and Pakistani coaches have signed up on the Pakistan Super League (PSL) coach roster, enabling them to become a part of the coach selection process set to be held immediately after the franchises come on board. These coaches bring a wealth
Pakistan's record breaking batsman Younis Khan was accorded warm welcome when he arrived here at Jinnah International Airport on his return from United Arab Emirates (UAE) on Saturday. Dozens of his fans and supporters were at the airport to receive him a
In-form batsman Kane Williamson carried New Zealand hopes with another fighting half-century at stumps on the second day of the second Test at the WACA Ground on Saturday. After Australia had declared their first innings at 559 for nine, New Zealand were
Ten-man Brazil came from behind to snatch a 1-1 draw against arch-rivals Argentina on Friday in a tense World Cup qualifying battle between the two South American superpowers. A second half strike from Santos player Lucas Lima salvaged a vital point for B
Kenya, under scrutiny amid allegations of widespread doping in world athletics, on Saturday announced the immediate establishment of an anti-doping agency. Coming just a day after the IAAF, world athletics' governing body, banned Russia over "state-sponso