Japan slipped into its fourth technical recession in five years between July and September - spotlighting how the government's "Abenomics" policies have struggled to drag the economy out of chronic stagnation. Official data on Monday showed the world's th
US-led coalition warplanes have pounded the Islamic State group in Syria after the Paris attacks, with French raids hitting IS stronghold Raqa and another strike destroying dozens of oil tankers. In its first major military response to Friday's attacks in
US-led coalition warplanes have pounded the Islamic State group in Syria after the Paris attacks, with French raids hitting IS stronghold Raqa and another strike destroying dozens of oil tankers. In its first major military response to Friday's attacks in
CIA director John Brennan war-ned Monday that the attacks in Paris were likely not a "one off event" and that he expects the Islamic State group has more operations in the pipeline. "Security and intelligence services right now are working feverishly to s
CIA director John Brennan war-ned Monday that the attacks in Paris were likely not a "one off event" and that he expects the Islamic State group has more operations in the pipeline. "Security and intelligence services right now are working feverishly to s
A top Iranian army commander said Monday that his troops would take "decisive" action if Islamic State group militants come within 40 kilometres of its borders with Iraq and Afghanistan. Iran, the major Shia power in the Middle East, is heavily involved i
A top Iranian army commander said Monday that his troops would take "decisive" action if Islamic State group militants come within 40 kilometres of its borders with Iraq and Afghanistan. Iran, the major Shia power in the Middle East, is heavily involved i
French President Francois Hollande called on the United States and Russia to join a global coalition to destroy Islamic State in the wake of the attacks across Paris, and announced a wave of measures to combat terror in France. "France is at war," Holland
French President Francois Hollande called on the United States and Russia to join a global coalition to destroy Islamic State in the wake of the attacks across Paris, and announced a wave of measures to combat terror in France. "France is at war," Holland
The US government has approved a request from Saudi Arabia to buy more than 19,000 bombs and smart bombs for its air force, the State Department said Monday. Congress will have to green light the deal, but the $1.29 billion dollar sale is likely to go thr
The US government has approved a request from Saudi Arabia to buy more than 19,000 bombs and smart bombs for its air force, the State Department said Monday. Congress will have to green light the deal, but the $1.29 billion dollar sale is likely to go thr
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
US natural gas futures gained over 4 percent on Friday on colder weather forecasts expected to boost heating demand over the next two weeks and a slightly smaller-than-projected storage build. Front-month gas futures on the New York Mercantile Exchange cl
Light rains and sunshine in most of Ivory Coast's main cocoa-growing regions prompted farmers to say on Monday that conditions were improving for the harvest despite the upcoming dry season and Harmattan winds. The dry season in Ivory Coast runs from mid-
Russia and Ukraine, the leading wheat producers in the Black Sea region, have cut their 2016 winter wheat sowing area due to dry weather, analysts and traders said, signalling more risks of next year's crop and exports. The two countries combined are expe
Prices ascended on the cotton market on Monday amid selective buying by mills and spinners mainly, dealers said. The official spot rate gained Rs 50 to Rs 5,300, dealers said. In Sindh, seed cotton prices were up by Rs 100 to Rs 2400 and Rs 3000 and in th
Basis bids for hard red winter wheat stayed firmed, with very little change at flour mills and elevators in Kansas, Oklahoma and Texas on Friday, dealers said. Farmers were slow to sell wheat crops, but elevators in Goodland, Kansas, and Catoosa, Oklahoma
Palm oil on the European vegetable oils market continued to fall on Friday as Malaysian palm oil futures slipped on weak demand. "The market was easing mostly on bearish news, like slow demand and predictions for large soyabean crops," one broker said.
Front-month wheat futures on the Chicago Board of Trade drifted lower on Friday and posted a weekly decline of more than 5 percent, the biggest since July, pressed by technical selling and dismal export prospects. Additional pressure stemmed from a strong
Ukrainian wheat exports in the 2016/17 season could fall to about 3.5 million tonnes due to poor weather, from expected sales of 16.5 million tonnes in 2015/16, a senior agriculture ministry source said on Monday, quoting traders' forecasts. Excessively d
Asia's naphtha crack edged up to a seven-month high of $111.65 a tonne on Friday, driven by recent brisk demand and low Brent crude prices which are on track for the biggest weekly loss in over two months. This week alone, South Korea and Taiwan have boug
China is planning to cut domestic corn production over the next five years to help ease its bulging state stockpiles, which could exceed more than a year's worth of consumption by the first half of next year, industry sources said. Production cuts by the
On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4.57 billion. The number of lots traded was 24.74 million. PMEX Commodity Index closed at 2,543. Major business was contributed by gold amounting to PKR 4.49 billion followed by silve
Export premiums for corn and wheat weakened at US ports on Friday, pressured by abundant supplies of the grain following robust harvests, traders said. FOB offers for soyabeans held steady. Export demand for corn was expected to pick up in the coming week
Spot cash basis bids for corn and soyabeans were largely unchanged around the US Midwest on Friday, as basis firmed a few cents at river terminals and processors. The corn basis at processor in Blair, Nebraska firmed by 2 cents. Soyabean basis bids at a g
Indian sugar futures jumped on Monday on concerns over production and on hopes the government will approve incentives to mills. "Futures rose on expectations the government will provide some kind of incentives to the sugar industry," said Ashok Jain, pres
European milling wheat futures dropped on Friday, recording the steepest weekly fall since the start of the season at more than 4 percent, mainly pressured by weak export demand and forecassts of hefty stocks in France. Front-month December milling wheat
The Karachi Port handled 183,213 tonnes of cargo comprising 155,838 tonnes of import cargo and 27,375 tonnes of export cargo including 4,464 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 155
ICE Canadian canola fell on Friday, pressured by weak soyoil and technical selling, registering a weekly loss. Commercial buying near the day's lows and a weaker Canadian dollar underpinned the market, a trader said. Most-active January canola lost $1.60
Russia exported 1.6 million tonnes of grain, including 1.0 million tonnes of wheat, between November 1 and 13, the Grain Quality Centre said on Monday. The Centre, part of the state food safety watchdog Rosselkhoznadzor, calculates its data based on phyto
Soyabean planting in Brazil's top soya state Mato Grosso sped up sharply over the past week after rainfall in many regions and is now in line with the previous year, the state's agricultural institute Imea said on Friday. Planting in the state responsible
An autumn credit crunch was expected to hit many independent US oil producers, starving the industry of billions of dollars and further denting company budgets and drilling plans. But banks that adjust their loans to energy companies every six months base
Shanghai Futures Exchange copper sagged 1.2 percent to 36,030 yuan ($5,658.42) a tonne on Monday, having also plumbed a six-year low, following attacks in Paris that renewed risk aversion and lifted the dollar, dragging on a struggling global economic rec
Copper prices fell to their lowest in more than six years on Monday in a sell-off triggered by the attacks in Paris, a stronger dollar and poor demand prospects in top consumer China. Benchmark copper on the London Metal Exchange slid as low as $4,685 a t
Benchmark Tokyo rubber futures slid on Monday, dragged down by slumping Tokyo share prices and a stronger yen after suspected Islamist militants launched co-ordinated attacks across Paris that killed more than 130 people late last week. The Tokyo Commodit
Malaysian palm oil futures dropped for a second straight session on Monday due to slow-moving demand amid higher production, although a weaker ringgit, higher crude oil prices and improving exports limited falls. The February benchmark palm oil contract o
Cocoa futures on ICE rose to the highest in more than 4-1/2 years on Monday, as weekly arrivals in top grower Ivory Coast again fell below year-ago levels, raising 2015-16 output concerns after dry weather earlier in the season. Arabica coffee climbed fro
Gold jumped 1 percent on Monday, moving away from a near-six-year low, as investors sought safety in the metal following Friday's deadly attacks in Paris. Spot gold rose 1.2 percent to $1,095.77 an ounce by 0645 GMT, after earlier hitting a session high o
Gold rebounded on Monday from last week's six-year low as the attacks in Paris prompted a bout of global risk aversion. Spot gold rose as much as 1.4 percent to a 10-day high of $1,097.90 an ounce, with US gold futures gaining more than 1 percent to a ses
US corn and soyabean futures eased on Monday, hitting its lowest in more than 6-1/2 years on ample supplies both domestically and globally, traders said. Corn futures edged higher, supported by a round of bargain buying and short-covering. But the gains w
Gold pared gains on Monday, after an initial flow of safe-haven buying following the attacks in Paris slowed down and investors' focus returned to expectations for the US Federal Reserve to raise interest rates in December. Spot gold rose as much as 1.4 p
China's Tsinghua Unigroup Ltd plans to invest 300 billion yuan ($47 billion) over the next five years in a bid to become the world's third-biggest chipmaker, the chairman of the state-backed technology conglomerate said on Monday. Chairman Zhao Weiguo als
The economic upturn in advanced economies is proving to be robust to the emerging market turmoil and the drop in commodity prices seem to be the reflection of the global slowdown rather than its cause, Germany's central bank said on Monday.
Bangladesh should raise spending on infrastructure to $12 billion annually, particularly in energy, transport and ports, development partners have told it, Finance Minister Abul Maal Abdul Muhith said on Monday. Bangladesh currently spends just 3 percent
French hotels and restaurants Monday reported a slump in bookings and a spate of cancellations since Friday's deadly attacks in Paris. "The months ahead are going to be difficult - as was the case after January's attacks" in the French capital against the
India's wholesale prices dropped for a 12th straight month in October, falling an annual 3.81 percent mainly due to easing fuel prices, government data showed on Monday. The fall was almost in line with the forecast made by economists in a Reuters poll of
Ukraine edged out of recession last quarter with 0.7 percent growth, official statistics showed Monday, as authorities eye the start of a lengthy path to recovery after a devastating economic collapse sparked by conflict. The Ukrainian economy is barely b
China and Turkey have renewed their bilateral local currency swap agreement for a further three years, and increased the swap line from 10 billion yuan to 12 billion yuan ($1.88 billion), the People's Bank of China (PBOC) said on Monday. The pact could be
Apec does not want to see a United States-led free-trade agreement become a "rich-economy club", a senior forum official said Monday. Speaking ahead of an Asia-Pacific Economic Cooperation (Apec) summit in the Philippine capital Manila, Alan Bollard, exec
Roughly a thousand firms left Catalonia last year due to tensions sparked by the region's drive to break away from Spain, the head of a top Spanish business association said Monday. "There have already been some relocations," Javier Vega Seoane, the presi
Marriott International Inc will buy Starwood Hotels & Resorts World-wide Inc for $12.2 billion to create the world's largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection. The combined company will have over 5,5
Cypriot authorities should focus on helping their banks bring down their high levels of non-performing loans, the European Central Bank, the European Commission and the IMF said in a joint statement on Monday. While noting "favourable elements" in a recen
The World Bank has formally signed off a $250 million grant to upgrade roads crossing Afghanistan's Hindu Kush mountains, crucial trade links that are often closed in winter by snow. The money will be used to improve the Salang highway, which connects Kab
The World Bank has formally signed off a $250 million grant to upgrade roads crossing Afghanistan's Hindu Kush mountains, crucial trade links that are often closed in winter by snow. The money will be used to improve the Salang highway, which connects Kab
Markets in Saudi Arabia and the United Arab Emirates rebounded on Monday as some investors bought back stocks at lower prices following a broad sell-off a day earlier, but Egypt extended declines to hit a new 23-month low. Saudi Arabia's benchmark had tum
Taiwan stocks fell on Monday as technology and transport shares tumbled in the aftermath of the terror attacks in Paris and news that Japan relapsed into recession. Japan and Europe are among key markets for the export-oriented island economy and its sign
Tokyo stocks ended one percent lower Monday after data showed Japan's economy slipped back into recession in July-September, while the deadly Paris terror attacks weighed on airline and travel stocks. The economy shrank 0.2 percent in the third quarter, o
Wall Street was higher in choppy trading on Monday with investors seeing little long-term economic impact from Friday's deadly attacks in Paris. Eight of the 10 major S&P sectors were higher, with the consumer staples sector's 0.9 percent rise leading the
Sri Lankan shares fell for a fifth straight session on Monday and closed at their lowest in more than four months, led by large caps as uncertainty over the upcoming budget dented investor sentiment. The main stock index fell below a key psychological bar
Most Southeast Asian stock markets fell on Monday, with stocks in the Philippines suffering the worst drop in nearly five weeks as Friday's attacks in Paris further fuelled foreign selloffs in emerging markets. The Philippines' key stock index dropped 1.8
India's NSE index bounced back to post its biggest single-day percentage gain in a month on local media reports that the government would discuss a roadmap to roll out the proposed goods and services tax (GST) next month. The government plans to implement
Hong Kong stocks dropped on Monday, tracking most regional markets, as Friday's deadly attacks in Paris dampened investors' risk globally. The Hang Seng index fell 1.7 percent, to 22,010.82, while the China Enterprises Index lost 2.0 percent, to 9,978.70
China stocks reversed early losses and ended higher on Monday, as the market regained its footing after being hit by anxiety stemming from the deadly attacks in Paris. Morning sentiment was also weak also because regulators tightened margin financing requ
Britain's top share index ended higher on Monday, helped by a rally in AstraZeneca after a delay in the approval for a rival drug and strong gains by builder Taylor Wimpey on a brighter earnings outlook. However, travel and leisure stocks slumped after Fr
Australian shares slid 0.9 percent on Monday to their lowest level in 1-1/2 months led by selling in banking and industrial stocks as heightened risk aversion in the wake of Friday's deadly attacks in Paris swept regional markets. French warplanes pounded
European shares held steady on Monday, supported by gains in the energy sector that helped offset a slump in travel stocks following Friday's militant attacks in Paris. Energy shares outpaced the broader market, buoyed by the prospect of higher oil prices
China's yuan weakened on Monday despite signs that it is almost certain to be included in the International Monetary Fund (IMF) currency basket, as the dollar gained against major currencies. Traders said dollars were in greater demand after a series of d
The euro hit a 6 1/2-month low against the yen and edged near 6 1/2-month lows against the dollar in Asia on Monday after the deadly attacks in Paris added to caution on the common currency. Even before the attacks, the euro had been under pressure from e
The dollar rose on Monday against major currencies as markets grow more convinced the Federal Reserve will raise interest rates next month and investor worries faded over Friday night's attacks in Paris. The euro was off 0.6 percent versus the greenback a
The euro was pinned near seven-month troughs against the dollar on Monday, as investors worried about the impact on the euro zone economy of Friday's Paris attacks steered clear of the common currency. Traditional safe-haven the Swiss franc rose 0.4 perce
Interbank buy/sell rates for the taka against the dollar on Monday. 78.55-78.62 (previous 78.54-78.55). 02.50-04.50 percent (Previous 02.50-04.50 percent).