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
Russian wheat prices fell at the end of last week compared with the end of December due to lower global prices and renewed weakening of the rouble, Russian agricultural consultancy IKAR said on Monday. The Russian rouble continued to fall against the doll
US natural gas futures climbed to a 12-week high after closing up almost 4 percent on Friday on midday forecasts calling for colder weather that is expected to boost heating demand over the next two weeks. Front-month gas futures on the New York Mercantil
Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady on Friday, capped by light demand but underpinned by slow arrival of supplies via barge amid flooding on the Mississippi River, traders said.
A subdued business was seen on the cotton market on Monday as wait-and-see mode adopted by the mills and spinners on lack of buying interest, dealers said. The official spot rate was unchanged at Rs 5,350, dealers said. In Sindh, seed cotton prices were a
Spot basis bids for corn and soyabeans were mostly unchanged at elevators and processors around the US Midwest on Friday, grain dealers said. Dealers said there was very little farmer selling even though futures were up. Farmers in the eastern part Iowa a
Indian soyabean futures edged lower on Friday due to weak demand and profit-taking, while rapeseed rose on short covering. The January soyabean contract on the National Commodity & Derivatives Exchange ended down 0.27 percent at 3,630 rupees ($54.46) per
Wheat futures on the Chicago Board of Trade closed higher on Friday for a fourth straight session, rallying on technical buying after contract lows set this week. K.C. hard red winter and MGEX spring wheat futures also ended higher. Stabilizing global equ
A declining trend persisted on the wholesale grain market on Monday in the process of modest trading, dealer said. On the cereals side, Guwar Sindh lost Rs 100 to Rs 3600 and Rs 3700 due to easy supply position, Gur also shed the same amount to Rs 5800 an
On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,907 million. The number of lots traded was 27.86 million. PMEX Commodity Index closed at 2,528. Major business was contributed by gold amounting to PKR 5,245 million followed by cru
Three straight days of strong, dry Harmattan winds last week in most of Ivory Coast's cocoa growing regions have damaged flowers and small pods, raising concerns about both the main and the mid-crop, farmers said on Monday. The Harmattan is a dusty wind t
ICE Canadian canola futures rose on Friday, lifted by strength in US grains, but finished with their biggest weekly loss in seven weeks. Investors covered short positions in US crops ahead of Tuesday's US Department of Agriculture report, and the strength
A late-season corn planting flurry in No 4 world exporter Argentina could push output to the same level as the previous crop year, thanks to the policies of the new government, the director of the local maize industry chamber said on Friday.
The Karachi Port handled 225,327 tonnes of cargo comprising 192,453 tonnes of import cargo and 32,874 tonnes of export cargo including 8,071 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 192
Spot basis bids for hard red winter wheat were mostly flat at flour mills and elevators across the southern US Plains on Friday, grain dealers said. Dealers at an elevator in Goodland, Kansas, said they bought some wheat from farmers Thursday afternoon an
Thailand's prime minister on Monday promised help for farmers in the world's top rubber producer and exporter, amid threats by the farmers to protest if their demands for a guaranteed selling price demands are not met. Prices have plummeted to a seven-yea
Shanghai Futures Exchange copper slid by 2.6 percent to 34,770 yuan ($5,281) a tonne on Monday, to the weakest in a month. Renewed selling on China's share markets fuelled persistent concerns over China's economic health and tarnished prospects for metals
Copper prices plummeted on Monday to their lowest in 6-1/2 years as large losses on Chinese equity markets reinforced tarnished prospects for growth and demand in the world's biggest consumer of industrial metals. Benchmark copper on the London Metal Exch
The US Department of Agriculture on Monday said 435.0 million bushels of corn were used in November in the production of the fuel alcohol known as ethanol, up from 433.9 million bushels in November of 2014 but down from October 2015's total of 441.5 milli
Malaysian palm oil futures fell on Monday to their lowest in over three weeks despite supportive government data, weighed down by plunging crude oil prices and volatile global equities. The palm oil contract for March on the Bursa Malaysia Derivatives Exc
Cocoa, coffee and sugar futures all fell on Monday, swept along with a broad-based decline in commodities led by crude oil and driven by gloom about the economic outlook in China. "A lot of funds are getting burnt. I think it is a general evacuation (from
Gold edged higher on Monday, trading close to last session's nine-week high as pressure on Asian stock markets supported safe-haven bids for the metal. Asian shares sank to their lowest in over four years as doubts mounted about Beijing's ability to manag
Gold retreated on Monday as the dollar rose versus the euro, but was still around a nine-week high as pressure on stock markets continued to support investors' flight to safety. Asian shares sank to their lowest in more than four years on Monday after the
Several of Nigeria's struggling oil refineries are back in production and making enough gasoline to help "stabilise" its availability in the country, a spokesman for the Nigerian National Petroleum Corporation (NNPC) said on Tuesday. Despite being one of
The EU on Monday closed a major tax break that Belgium offered to dozens of multinationals, including beer giant AB InBev, and ordered the companies to return 700 million euros ($762 million) in unpaid taxes. In the latest Brussels crackdown on tax avoida
Moody's cut Malaysia's sovereign rating outlook to stable from positive on Monday, flagging risks from the Southeast Asian economy's deteriorating growth profile as global trade and market conditions worsen. The ratings agency had assigned a positive outl
Moody's cut Malaysia's sovereign rating outlook to stable from positive on Monday, flagging risks from the Southeast Asian economy's deteriorating growth profile as global trade and market conditions worsen. The ratings agency had assigned a positive outl
Economic sentiment in the eurozone deteriorated more than expected in January as an economic slowdown in China and its impact on the world economy unsettled investors, survey data released on Monday showed. The Frankfurt-based Sentix research group's inde
The world's top 30 banks face a higher minimum requirement for their broadest measure of capital, global regulators said on Monday as they flagged a two-tier leverage ratio regime for the first time. The leverage ratio refers to the amount of capital to a
China's biggest state-owned chemical firm on Monday announced it will buy Germany's KraussMaffei Group, which makes machinery for producing plastics and rubber, for 925 million euros ($1.0 billion). China National Chemical Corp, also known as ChemChina, s
China's central bank said on Monday it will push forward a pilot scheme on relending in a bid to support the country's farming sector and small firms - the most vulnerable part of the economy. The scheme, which allows banks to refinance high quality credi
Arch Coal, the second-largest US coal miner, filed for Chapter 11 bankruptcy protection on Monday with a plan to cut $4.5 billion in debt from its balance sheet in the midst of a prolonged downturn in the coal industry. Missouri-based Arch Coal has been s
The Facebook billionaire who promised to give new life to the venerable US liberal magazine The New Republic four years ago said Monday he was putting it back up for sale.
Britain is becoming less competitive as a base for manufacturers, according to a group representing the factory sector which warned the government against laying further costs on firms which make cars, chemicals and other goods in the UK. EEF, which repre
Saudi Arabia on Monday said its currency was stable despite volatility in the futures market as the kingdom takes unprecedented measures to deal with low oil prices. The Saudi riyal will remain pegged at 3.75 to one US dollar, said the Governor of the Sau
Morgan Stanley cut its forecast for the yuan on Monday, becoming the second of the world's big banks to do so in recent days in response to strong capital outflows and growing concern over China's economy and financial markets. Meanwhile, credit ratings a
Petrochemical and small-cap stocks turned around Saudi Arabia's index after early declines on Monday while bluechip companies dragged other Middle Eastern bourses lower. The Saudi benchmark swung in volatile trade, dipping below the critical 6,000 level b
Australian shares pared some of their early losses but still ended 1.2 percent lower on Monday, beaten down by Wall Street having its worst starting week in history and concerns about Beijing's ability to manage China's financial markets. The S&P/ASX 200
Wall Street gave up early gains and were lower late on Monday morning, dragged down by health stocks and as crude prices slid further ahead of the start of the corporate earnings season. The S&P materials and energy sectors were both off more than 1 perce
Hong Kong shares finished down on Monday after major mainland indices closed at their lowest levels since September. The Hang Seng index fell 2.8 percent, to 19,888.50, while the China Enterprises Index lost 3.9 percent, to 8,505.16 points. Technology and
India's benchmark BSE index closed at its lowest level in over 1-1/2-year low on Monday on the back of continued worries about Chinese equities. The BSE index ended 0.44 percent lower to mark its lowest close since June 4, 2014. The broader NSE index ende
Spanish bond yields rose on Monday after Catalonia's parliament swore in a new separatist leader, putting back on track the region's pro-independence movement's bid to break with Spain. After months of negotiations, Catalan parties agreed at the weekend t
Spanish bond yields rose on Monday after Catalonia's parliament swore in a new separatist leader, putting back on track the region's pro-independence movement's bid to break with Spain. After months of negotiations, Catalan parties agreed at the weekend t
China stocks closed down on Monday at their lowest since September, following weak inflation data over the weekend and continuing investor anxiety over the economy and the trajectory of the yuan. The CSI300 index of the largest listed companies in Shangha
European shares ended a choppy session in negative territory on Monday, with drugmaker Shire falling sharply after announcing it would buy Baxalta and commodity shares tracking oil and metals prices lower. Shire fell 8.2 percent on nervousness over the pr
Sri Lankan shares fell for a sixth straight session, to mark their lowest close in 1-1/2 years, led by declines in diversified and banking stocks due to local and global concerns, brokers said. Fears over investors shifting to risk-free assets such as gov
SE Asian stock markets fell on Monday as falls in China stocks and sliding global oil prices hit sentiment in the region, sending Singapore's key index to a 3-1/2-year low and Philippine shares posting their worst drop since August. The Philippine's compo
Britain's top share index fell on Monday to extend a four day losing run after posting its worst first week of the year since 2000, hit by late falls in Shire and energy firms. British-listed pharmaceutical firm Shire had a $32 billion bid accepted for Ba
China's yuan edged up against the dollar on Monday, buoyed by a firmer midpoint fixing and after the foreign exchange regulator soothed worries about the Chinese currency's depreciation. Prior to market open, the People's Bank of China (PBOC) set the midp
The Australian dollar was rocked on Monday as growing doubts about China's ability to manage markets weighed on risk appetite and pulled down bond yields. The Aussie dived to its lowest level since 2012 against the yen at 80.84 yen, having tumbled 7 perce
The safe haven yen eased against the dollar after China's central bank set a stronger guidance rate for the yuan on Monday, soothing fears that Beijing is trying to weaken its currency to gain a competitive export advantage. China's yuan firmed on Monday
The low-yielding euro fell for a second session against the dollar on Monday, as steadier global stock markets prompted investors to seek other currencies that provide better returns. Wall Street shares and Europe's main bourses were firmer after a poor s
China's yuan turned sharply higher on foreign exchange markets on Monday, heading for its biggest daily gain in four months against the dollar in offshore trade after reports of another round of aggressive intervention by Beijing. With Chinese stocks sink
Interbank buy/sell rates for the taka against the dollar on Monday. 78.50-78.50 (previous 78.50-78.50). 04.00-04.75 percent. (Previous 02.00-04.50 percent).
The South African rand hit new record lows against the dollar on Monday, reflecting the country's growing economic crisis as commodity prices fall, growth slows and investors lose confidence. China's slowdown badly impacted African mining exporters in 201
Most emerging Asian currencies extended losses on Monday despite China's stronger guidance on the yuan as the outlook for the renminbi remained weak amid uncertainties over Beijing's exchange rate policy on a slowing economy. The yuan rose after the Peopl
The Russian rouble edged further down on Monday as oil prices touched a new 12-year low, but there was little sign of the panic among investors seen a year ago when the currency nose-dived. Russia has been hit hard by a collapse in crude prices that began
Sterling climbed from a 5-1/2-year-low against the dollar on Monday, taking a breather from a brutal sell-off that has seen it emerge as one of the worst performing major currencies in the New Year as investors pushed back chances of a rate hike. Uncertai
The Sri Lankan rupee ended steady on Monday as dollar sales by a private bank helped maintain the local currency in a dull market amid lower importer dollar demand, dealers said. The rupee closed steady at 143.75/85 per dollar. It hit a record low of 144.
a team and individual competition of the Palmers Golf Championship resumed at the Royal Palm Golf Course on Monday, with two-member teams competing against each other. During the contest, the total points at stake were 28 made up of two points for each wi
South African fast bowler Dale Steyn was on Monday ruled out of playing in the third Test against England, starting at the Wanderers Stadium on Thursday. Coach Russell Domingo said Steyn had been advised to take another week's rest after suffering a shoul
Mathieu Valbuena said that France teammate Karim Benzema "lied" and "scared" him over a sex-tape blackmail bid, according to testimony published Monday. The account given by the Lyon midfielder, reported by Le Monde newspaper, highlighted tensions even th
Australian pacemen Joel Paris and Scott Boland will make their international debuts but Shaun Marsh will miss out when the one-day series opener against India starts in Perth on Tuesday. Western Australia's Paris and Victoria's Boland get their chance fol
The International Cricket Council's World Twenty20 Trophy is to be put on display in Lahore on Tuesday (today) after its arrival at the Gymkhana Cricket Ground. The trophy will stay at Gymkhana for a photo opportunity and then move to the Kinnaird College
The unveiling ceremony of the ICC World Twenty20 trophy reached Peshawar home of domestic T20 champions for a two-day tour here Monday. The trophy was unveiled by Pakistan's One Day International captain Azhar Ali in a ceremony held at Army Public School
'Winter champion' pizzas are on the menu and Naples' favourite son, Diego Maradona, has promised to arrive by helicopter if Napoli fulfil their promise of winning the league title. But for coach Maurizio Sarri, who has steered Napoli to top spot at the ha
Canada's Eugenie Bouchard swept into the second round of the Hobart International with a straight sets demolition of American Bethanie Mattek-Sands on Monday. The former world number 5 now ranked 47 took just 57 minutes to dispose of one-time tournament f
Germany's Angelique Kerber overcame the loss of the first set on a day of extreme heat in Sydney as she maintained her build-up to next week's Australian Open on Monday. The fourth seed, one of the few members of the women's world top 10 not to be hit by
Gunmen blew up a car bomb, sprayed gunfire in a crowded area and took hostages in a shopping mall in eastern Baghdad Monday, killing at least 12 people, police said. A hospital official confirmed the death toll and said at least 36 people were also wounde
Arlene Foster of the Democratic Unionist Party formally became Northern Ireland's first minister on Monday, taking over from the retiring Peter Robinson ahead of regional elections in May. Foster, 45, is the first woman and the youngest to hold the most s
A Guantanamo Bay inmate has been repatriated to Saudi Arabia, the Pentagon announced Monday, bringing the remote military prison's remaining population down to 103. Muhammed Abd Al Rahman Awn Al-Shamrani had spent 14 years in Guantanamo, where he was held
Beijing said Monday it did not need to notify Vietnam about flights to a disputed reef in the South China Sea, after Hanoi complained to a UN aviation body about the controversial trips. Vietnam accused Beijing of threatening regional safety by conducting
A strong 6.1 magnitude earthquake struck off the northern Japanese island of Hokkaido early Tuesday, the US Geological Survey said. The quake hit off the west coast of the island, about 170 kilometres (106 miles) north of Sapporo, at a relatively deep 236
Belgian prosecutors said Monday they had arrested a high-profile expert on jihadi fighters for allegedly providing one suspected extremist with a false affidavit that he was on a deradicalisation course. Montasser AlDe'emeh runs a centre in Brussels' grit
Burundi journalist Esdras Ndikumana, the AFP and Radio France Internationale correspondent who was forced to flee last year, was awarded the 2015 French diplomatic press prize on Monday for his work covering the troubled country. Ndikumana, 54, who sought
Britain on Monday called for an end to all sieges in Syria as a UN aid convoy arrived in the rebel-held town of Madaya to deliver food to starving residents. President Bashar al-Assad's forces have been laying siege to Madaya, but the regime agreed last w
The first trucks carrying desperately needed aid entered the besieged Syrian town of Madaya on Monday, where more than two dozen people are reported to have starved to death. The Syrian Arab Red Crescent said two trucks loaded with food and blankets enter
Britain's proposed new Internet spying laws could threaten key rights if passed unchanged, UN rights experts said Monday, calling for a "comprehensive review" of the draft legislation. The proposed measures, which were unveiled in November, would allow se
Spain's Princess Cristina and her husband went on trial Monday under intense global media scrutiny in a landmark corruption case that has outraged the country and sullied the monarchy's reputation. Cristina, a 50-year-old mother-of-four with a master's de
Russia wants to fight terrorism jointly with the rest of the world, President Vladimir Putin said in an interview published on Monday, while again accusing the West of exacerbating international crises that had contributed to it. "We are faced with common
A Canadian pastor serving a life sentence in North Korea for subversion said he spends eight hours a day digging holes at a labour camp, while a naturalised American citizen said he is being held by the state for spying, CNN reported from Pyongyang. If co