AGL 37.89 Decreased By ▼ -0.26 (-0.68%)
AIRLINK 124.10 Increased By ▲ 2.59 (2.13%)
BOP 5.67 Decreased By ▼ -0.18 (-3.08%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DCL 8.55 Increased By ▲ 0.15 (1.79%)
DFML 40.48 Decreased By ▼ -0.41 (-1%)
DGKC 87.10 Increased By ▲ 2.50 (2.96%)
FCCL 33.98 Increased By ▲ 1.28 (3.91%)
FFBL 66.01 Increased By ▲ 0.51 (0.78%)
FFL 10.20 Increased By ▲ 0.15 (1.49%)
HUBC 104.45 Increased By ▲ 0.65 (0.63%)
HUMNL 13.45 Increased By ▲ 0.20 (1.51%)
KEL 4.78 Increased By ▲ 0.35 (7.9%)
KOSM 6.84 Decreased By ▼ -0.25 (-3.53%)
MLCF 38.84 Increased By ▲ 1.34 (3.57%)
NBP 60.35 Increased By ▲ 0.10 (0.17%)
OGDC 179.65 Increased By ▲ 7.40 (4.3%)
PAEL 24.97 Increased By ▲ 0.17 (0.69%)
PIBTL 5.71 Increased By ▲ 0.01 (0.18%)
PPL 153.00 Increased By ▲ 11.31 (7.98%)
PRL 22.79 Increased By ▲ 0.07 (0.31%)
PTC 14.91 Increased By ▲ 0.17 (1.15%)
SEARL 66.85 Increased By ▲ 2.29 (3.55%)
TELE 7.01 Decreased By ▼ -0.13 (-1.82%)
TOMCL 35.70 Increased By ▲ 0.20 (0.56%)
TPLP 7.32 Increased By ▲ 0.03 (0.41%)
TREET 13.99 Decreased By ▼ -0.21 (-1.48%)
TRG 50.95 Decreased By ▼ -0.80 (-1.55%)
UNITY 26.40 Decreased By ▼ -0.20 (-0.75%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,717 Increased By 233.5 (2.46%)
BR30 29,237 Increased By 866.2 (3.05%)
KSE100 90,860 Increased By 1893.1 (2.13%)
KSE30 28,458 Increased By 630.4 (2.27%)
Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-17
IRAN SANCTIONS LIFTED
Exchange

IRAN SANCTIONS LIFTED

The historic nuclear accord between Iran and major powers entered into force Saturday as the UN confirmed that Tehran has shrunk its atomic programme and as painful sanctions were lifted on the Islamic republic. The International Atomic Energy Agency said
Published 17 Jan, 2016 12:00am
IRAN SANCTIONS LIFTED
Exchange

IRAN SANCTIONS LIFTED

The historic nuclear accord between Iran and major powers entered into force Saturday as the UN confirmed that Tehran has shrunk its atomic programme and as painful sanctions were lifted on the Islamic republic. The International Atomic Energy Agency said
Published 17 Jan, 2016 12:00am
Your Rupee Half Year
Exchange

Your Rupee Half Year

Following currency fluctuations took place in foreign exchange rates during the Half Year. (July 2 to December 31, 2015)

Published 17 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (January 16, 2016) and the forecast for Sunday (January 17, 2016).

Published 17 Jan, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 16, 2016).

Published 17 Jan, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 16, 2016).

Published 17 Jan, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 16, 2016)

Published 17 Jan, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 16, 2016).

Published 17 Jan, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (January 16, 2016).

Published 17 Jan, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 16, 2016).

Published 17 Jan, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 16, 2016).

Published 17 Jan, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 16, 2016).

Published 17 Jan, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee did not move any side against the dollar on the money market on Saturday, dealers said. The rupee retained the overnight level versus the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, while it dropped 20-paisa in terms o
Published 17 Jan, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee did not move any side against the dollar on the money market on Saturday, dealers said. The rupee retained the overnight level versus the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, while it dropped 20-paisa in terms o
Published 17 Jan, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 16, 2016).

Published 17 Jan, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot basis bids for hard red winter (HRW) wheat were unchanged in the southern US Plains on Thursday and a decline in K.C. wheat futures kept farmer selling to a minimum, grain merchandisers said. USDA reported export sales of US wheat in the week ended J
Published 17 Jan, 2016 12:00am
US Midwest corn, soya bids firm

US Midwest corn, soya bids firm

Spot basis bids for corn and soyabeans firmed at a river terminal, while other basis bids at processors and elevators were steady around the US Midwest on Thursday, grain dealers said. Corn basis bids firmed at a river terminal along the Mississippi River
Published 17 Jan, 2016 12:00am
CBOT wheat futures lower on technical selling
Exchange

CBOT wheat futures lower on technical selling

Wheat futures on the Chicago Board of Trade closed lower Thursday on technical selling and weak export demand for US supplies amid softening prices for grain of other origins, traders said. In Europe, March milling wheat on Paris-based Euronext fell 1.2 p
Published 17 Jan, 2016 12:00am
Falling trend seen on grain market
Cotton

Falling trend seen on grain market

A declining trend persisted on the wholesale grain market on Saturday in the process of modest trading, dealer said. On the cereals side, Barley Sindh and Mardan low types were unchanged at Rs 3700 and the best varieties were lower by Rs 100 to Rs 3800, t
Published 17 Jan, 2016 12:00am
Rice prices higher in Thailand, lower in Vietnam

Rice prices higher in Thailand, lower in Vietnam

Vietnam's rice market saw thin trade on high prices and limited supply, while Thai market returned to the usual calm following a busy week after New Year, traders said on Wednesday. Thailand and Vietnam are the world's second- and third-biggest rice expor
Published 17 Jan, 2016 12:00am
Drought, warm winters seen hitting Indian rapeseed output
Vegetable Oil

Drought, warm winters seen hitting Indian rapeseed output

A lag in sowing in India's parched farms and the warmest winter in some areas in at least five years could hit rapeseed production and reduce its oil content, farmers and traders said, raising the prospect of higher vegetable oil imports. Prices of rapese
Published 17 Jan, 2016 12:00am
US FOB Gulf soyabeans premiums firm

US FOB Gulf soyabeans premiums firm

Export premiums for soyabeans shipped from the US Gulf Coast were steady to higher on Thursday as flooding on the Mississippi River choked off near term supplies and supported prices for February shipments, traders said. High water levels on the lower Mis
Published 17 Jan, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The January vaida was lower on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The January vaida was closed at Rs 2150.90 and it showed a fall of 20 paisa at Rs 2150.70 in the morning session, they said. The Mar
Published 17 Jan, 2016 12:00am
Cotton market: spot rate higher on tight supply of quality lint
Cotton

Cotton market: spot rate higher on tight supply of quality lint

Official spot rate maintained rising trend on the cotton market on Saturday on tight supply of quality lint, dealers said. The official spot rate posted fresh rise of Rs 50 to Rs 5,450, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs
Published 17 Jan, 2016 12:00am
China's 2015 coal imports plunge 30 percent on demand slump
Currency

China's 2015 coal imports plunge 30 percent on demand slump

China's coal imports slumped 30 percent to 204.1 million tonnes in 2015, customs data showed on Wednesday, hit by a slowdown in domestic demand and a collapse in the price of locally produced coal. Imports could fall further this year, analysts said, with
Published 17 Jan, 2016 12:00am
South Korea seeks 100,000 tonnes of naphtha for April-March

South Korea seeks 100,000 tonnes of naphtha for April-March

South Korea's YNCC is seeking 100,000 tonnes of naphtha in a term contract beginning April and up to March next year, traders said on Thursday, at a time when spot prices are weakening on ample supply. YNCC is seeking the cargoes through a tender that clo
Published 17 Jan, 2016 12:00am
Indian soyabean lower on profit booking
Exchange

Indian soyabean lower on profit booking

Indian soyabean shed gains on profit booking while rapeseed edged up in a lacklustre session on Thursday, due to a lack of cues from most spot markets, which were closed for a local holiday. The February soyabean contract on the National Commodity & Deriv
Published 17 Jan, 2016 12:00am
US natural gas futures fall 6 percent
Exchange

US natural gas futures fall 6 percent

US natural gas futures fell nearly 6 percent on Thursday on a smaller-than-expected storage draw and forecasts calling for less cold weather over the next two weeks. The US Energy Information Administration (EIA) said utilities pulled 168 billion cubic fe
Published 17 Jan, 2016 12:00am
EU wheat falls to contract lows in selloff
Exchange

EU wheat falls to contract lows in selloff

European wheat tumbled to contract lows on Thursday, in a selloff in the face of hefty global supplies, sluggish export demand and gloomy financial markets, traders said. March milling wheat, the benchmark on Paris-based Euronext, settled 1.2 percent lowe
Published 17 Jan, 2016 12:00am
Vietnam's coffee premiums rise as sellers hold back supply

Vietnam's coffee premiums rise as sellers hold back supply

Trading in Vietnamese coffee moderated after a brief pickup early in the week on anticipation of higher prices, while in Indonesia supply remained tight on growing domestic consumption, traders and industry officials said. Harvesting of the 2015/2016 crop
Published 17 Jan, 2016 12:00am
White sugar surging into Myanmar, smuggled to China
Exchange

White sugar surging into Myanmar, smuggled to China

Strong flows of white sugar are moving from India and Thailand to Myanmar, a fast-growing destination, and much of that is believed to be smuggled into China, trade sources said. They said a clampdown on raw sugar import licences by Chinese authorities, a
Published 17 Jan, 2016 12:00am
South Korea's NOFI passes in wheat tender, buys barley

South Korea's NOFI passes in wheat tender, buys barley

South Korea's largest animal feed maker Nonghyup Feed Inc (NOFI) on Tuesday made no purchase in an international tender to buy up to 60,000 tonnes of feed wheat but bought 13,000 tonnes of feed barley, European traders said. Wheat prices offered were rega
Published 17 Jan, 2016 12:00am
As industrial metals slide further, time to test the brakes
Exchange

As industrial metals slide further, time to test the brakes

For the suite of industrial metals traded on the London Metal Exchange (LME) the new year has started off where the last one left off. Copper hit a fresh six-year low of $4,381 per tonne on Monday morning. Last week it was zinc, with a low print of $1,470
Published 17 Jan, 2016 12:00am
Guyana says offshore oil production to begin in 2020

Guyana says offshore oil production to begin in 2020

Exxon Mobil expects to be producing oil and gas by 2020 from an area off Guyana where it reported a significant oil find last year, the government said Wednesday. The exploration activity has been a source of tension with neighboring Venezuela which claim
Published 17 Jan, 2016 12:00am
China must cut corn prices to clear stockpile

China must cut corn prices to clear stockpile

China must lower corn prices to reduce its massive corn stockpile and curb imports of corn substitutes including barley, sorghum and distillers' grain, state media quoted a senior agricultural official as saying. Chen Xiwen, deputy director of the Central
Published 17 Jan, 2016 12:00am
Spring festival, weddings lift physical gold demand in Asia
Exchange

Spring festival, weddings lift physical gold demand in Asia

China's gold demand picked up this week as people bought gifts ahead of the spring festival while purchases for wedding jewellery drove up sales of the precious metal in India. Investment demand for physical gold stayed subdued in top importing countries
Published 17 Jan, 2016 12:00am
China's November cotton imports fall
Cotton

China's November cotton imports fall

China imported 84,500 tonnes of cotton in November, down 8.3 percent versus the same month last year, the China Cotton Association said on Wednesday. Imports of the fibre to China, the world's top textile manufacturer, have dropped 41 percent in the first
Published 17 Jan, 2016 12:00am
Albania leases communist tunnels for mushroom growing

Albania leases communist tunnels for mushroom growing

Albania is planning to lease part of its network of underground tunnels built under communism for mushroom-growing, the government said Tuesday. Five tunnels covering an area of nearly 1,500 square metres (16,000 square feet) just north of the capital Tir
Published 17 Jan, 2016 12:00am
Cotton falls on China concerns, ends week little changed
Cotton

Cotton falls on China concerns, ends week little changed

Cotton futures dipped on Friday to settle the week little changed, near three-month lows touched earlier in the week, as another day of significant losses on top-consumer China's stock indices raised concerns. "Why would you want to get long something tha
Published 17 Jan, 2016 12:00am
Nigeria rules out cutting oil production

Nigeria rules out cutting oil production

Nigerian authorities said Wednesday the country will not cut oil production even as nosediving crude prices caused by a global supply glut ravage revenue. US crude oil prices tumbled to a 12-year low Tuesday, prompting Opec member Nigeria to call for an e
Published 17 Jan, 2016 12:00am
South Africa may need to import 5m tones of maize: Grain body

South Africa may need to import 5m tones of maize: Grain body

South Africa may need to import as much as 5 million tonnes of maize this year, roughly half of its requirements, because of its worst drought in three decades, the country's largest producer group said on Wednesday. The drought in the continent's biggest
Published 17 Jan, 2016 12:00am
Jordan again cancels tender to buy 100,000 tonnes wheat

Jordan again cancels tender to buy 100,000 tonnes wheat

Jordan's Ministry of Trade and Industry cancelled for the second time a tender to buy 100,000 tonnes of wheat, a government source and traders said on Tuesday. The wheat was being sought for shipment during the second half of February and the first half o
Published 17 Jan, 2016 12:00am
Thai rubber farmers say latest govt help is not enough

Thai rubber farmers say latest govt help is not enough

Steps announced this week by Thailand's ruling junta to help rubber producers grappling with plunging prices do not go far enough, some farmers said on Wednesday. The cabinet has promised to buy some rubber directly from farmers at rates above market leve
Published 17 Jan, 2016 12:00am
Air France corrects course on job cut plan

Air France corrects course on job cut plan

Air France on Friday presented unions with a new development plan, revising a restructuring project that had prompted violent demonstrations and physical attacks on company managers. The new blueprint calls for two aircraft to be added to the carrier's lo
Published 17 Jan, 2016 12:00am
EU fruit growers look to US market to offset Russian sanctions

EU fruit growers look to US market to offset Russian sanctions

European fruit growers could be able to export apples and pears to the United States later this year, the EU executive said on Saturday, following the publication of new US rules. European Union producers, hit by Russian sanctions against them are keen fo
Published 17 Jan, 2016 12:00am
Momentum fading for global economic growth and inflation
Currency

Momentum fading for global economic growth and inflation

Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the world.
Published 17 Jan, 2016 12:00am
Standard & Poor's hikes Iceland's credit rating to 'BBB+'

Standard & Poor's hikes Iceland's credit rating to 'BBB+'

Standard & Poor's announced Friday it had bumped up Iceland's credit rating by one notch to BBB+, citing progress over the easing of capital controls imposed during the 2008 banking crisis. "The upgrade primarily reflects the further progress Iceland has
Published 17 Jan, 2016 12:00am
Standard & Poor's hikes Iceland's credit rating to 'BBB+'

Standard & Poor's hikes Iceland's credit rating to 'BBB+'

Standard & Poor's announced Friday it had bumped up Iceland's credit rating by one notch to BBB+, citing progress over the easing of capital controls imposed during the 2008 banking crisis. "The upgrade primarily reflects the further progress Iceland has
Published 17 Jan, 2016 12:00am
Rome won't be 'remote controlled' by Brussels: Renzi
Exchange

Rome won't be 'remote controlled' by Brussels: Renzi

Italian Prime Minister Matteo Renzi said on Saturday that Rome would not be "remote controlled" by Brussels, ratcheting up a dispute with the European Union over deficit spending and immigration. Renzi's comments followed a heated, long-distance exchange
Published 17 Jan, 2016 12:00am
Greece, Germany step up fight against tax evasion

Greece, Germany step up fight against tax evasion

Greek and German authorities agreed Saturday to step up their cooperation on tax evasion, with information supplied by Germany already being used to probe thousands of Greeks suspected of stashing money in Swiss accounts. The agreement signed at a ceremon
Published 17 Jan, 2016 12:00am
Iran to buy 114 jets from Airbus

Iran to buy 114 jets from Airbus

Iran plans to buy 114 civil aircraft from European aircraft maker Airbus, the transport minister was quoted as saying on Saturday, ahead of the anticipated lifting of international sanctions on Iran. "We have taken the first step in agreeing with Airbus t
Published 17 Jan, 2016 12:00am
Poland hopes to buy US Patriot missiles

Poland hopes to buy US Patriot missiles

Poland hopes to buy the American Patriot air and missile defence system, Defence Minister Antoni Macierewicz said on Saturday, signalling a $5 billion deal may be struck despite the new conservative government's initial doubts. In April 2015, Poland's cen
Published 17 Jan, 2016 12:00am
Poland blasts Standard & Poor's for rating downgrade
Currency

Poland blasts Standard & Poor's for rating downgrade

Polish Finance Minister Pawel Szalamacha on Saturday declared global ratings agency Standard and Poor's "simply wrong" after it downgraded the country's long-term foreign currency sovereign credit rating citing concerns over government reforms.
Published 17 Jan, 2016 12:00am
Poland blasts Standard & Poor's for rating downgrade
Currency

Poland blasts Standard & Poor's for rating downgrade

Polish Finance Minister Pawel Szalamacha on Saturday declared global ratings agency Standard and Poor's "simply wrong" after it downgraded the country's long-term foreign currency sovereign credit rating citing concerns over government reforms.
Published 17 Jan, 2016 12:00am
Iran says it won't moderate its plans to boost oil supplies

Iran says it won't moderate its plans to boost oil supplies

Iran is determined to raise its oil output as planned as soon as sanctions on its oil industry are lifted, Mehdi Asali, its representative to the Opec producers' group, said on Saturday. The international sanctions were expected to be scrapped later on Sa
Published 17 Jan, 2016 12:00am
Argentina to issue higher denomination banknotes
Currency

Argentina to issue higher denomination banknotes

Argentina's Central Bank said on Friday it would issue higher denomination banknotes this year and next, in the face of double-digit inflation that has gnawed away at the value of the local currency. The largest bank note in Latin America's third biggest
Published 17 Jan, 2016 12:00am
2,500 demonstrate in Athens against pension reform

2,500 demonstrate in Athens against pension reform

Around 2,500 people demonstrated in Athens Saturday to condemn a planned overhaul of Greece's pension system demanded by its international creditors, police said. Adedy public sector union said in a statement the march on Syntagma square, next to parliame
Published 17 Jan, 2016 12:00am
Russia seeks Rosneft stake sale to ease budget woes: minister

Russia seeks Rosneft stake sale to ease budget woes: minister

The Russian government is looking to privatise a 19.5 percent stake in state oil giant Rosneft to ease a budget crunch as oil prices slide, Finance Minister Anton Siluanov said Saturday. "We must make a decision now where to get the money," Siluanov said
Published 17 Jan, 2016 12:00am
Eurozone bond yields fall as oil plunges, debt supply soars

Eurozone bond yields fall as oil plunges, debt supply soars

Eurozone yields fell on Friday as slumping oil prices eroded inflation expectations and the biggest week of debt supply in nearly three years drew to a close. Another dive in crude futures left them on track to close lower for a third consecutive week, pu
Published 17 Jan, 2016 12:00am
Eurozone bond yields fall as oil plunges, debt supply soars

Eurozone bond yields fall as oil plunges, debt supply soars

Eurozone yields fell on Friday as slumping oil prices eroded inflation expectations and the biggest week of debt supply in nearly three years drew to a close. Another dive in crude futures left them on track to close lower for a third consecutive week, pu
Published 17 Jan, 2016 12:00am
Blame, anger, frustration as China's stock rescue effort looks defeated

Blame, anger, frustration as China's stock rescue effort looks defeated

A Chinese government campaign to restore confidence in the country's volatile stock markets appeared to be in tatters on Friday as the benchmark Shanghai index wiped out all the gains made since the depths of last year's crash. Among a flurry of measures,
Published 17 Jan, 2016 12:00am
Loans, IPOs offset falling EM bond sales, ease default risk: analyst

Loans, IPOs offset falling EM bond sales, ease default risk: analyst

Emerging governments and companies raised $1.64 trillion on global capital markets last year, up 13 percent from 2014, and their growing use of alternative financing such as loans may mitigate fears of widespread defaults, a veteran analyst said. Borrower
Published 17 Jan, 2016 12:00am
Loans, IPOs offset falling EM bond sales, ease default risk: analyst

Loans, IPOs offset falling EM bond sales, ease default risk: analyst

Emerging governments and companies raised $1.64 trillion on global capital markets last year, up 13 percent from 2014, and their growing use of alternative financing such as loans may mitigate fears of widespread defaults, a veteran analyst said. Borrower
Published 17 Jan, 2016 12:00am
Value investors go dumpster diving on Wall Street

Value investors go dumpster diving on Wall Street

Not every investor is chagrined by the dismal way the year has started in stocks. Some, like self-described value manager Rupal Bhansali, are gleefully loading up on companies that got beaten down when the whole market sold off at the start of the year. B
Published 17 Jan, 2016 12:00am
Nevsky Capital founders call time on $1.5 billion hedge fund

Nevsky Capital founders call time on $1.5 billion hedge fund

London-based Nevsky Capital's founders have decided to shut down their $1.5 billion hedge fund and retire, saying weak market conditions made it unlikely they could generate the returns they had in the past. Martin Taylor, 46, one of the firm's co-founder
Published 17 Jan, 2016 12:00am
Nevsky Capital founders call time on $1.5 billion hedge fund

Nevsky Capital founders call time on $1.5 billion hedge fund

London-based Nevsky Capital's founders have decided to shut down their $1.5 billion hedge fund and retire, saying weak market conditions made it unlikely they could generate the returns they had in the past. Martin Taylor, 46, one of the firm's co-founder
Published 17 Jan, 2016 12:00am
J.P. Morgan sees Latin America bank bond sales recovering this year

J.P. Morgan sees Latin America bank bond sales recovering this year

Global bond offerings by Latin American banks could recover this year, with a focus on senior rather than subordinated securities, as some Mexican, Colombian and Peruvian lenders face growing refinancing and funding needs, J.P. Morgan Securities said on M
Published 17 Jan, 2016 12:00am
J.P. Morgan sees Latin America bank bond sales recovering this year

J.P. Morgan sees Latin America bank bond sales recovering this year

Global bond offerings by Latin American banks could recover this year, with a focus on senior rather than subordinated securities, as some Mexican, Colombian and Peruvian lenders face growing refinancing and funding needs, J.P. Morgan Securities said on M
Published 17 Jan, 2016 12:00am
Foreigners' net selling of Japan stocks hits four-month high
Exchange

Foreigners' net selling of Japan stocks hits four-month high

Net selling of Japanese cash stocks by foreign investors hit a near four-month high during the week of January 4-8, as they unloaded risky assets after being spooked by tumbling oil prices and a weaker yuan, exchange data showed. Foreigners sold a total o
Published 17 Jan, 2016 12:00am
TSX slumps over two percent on oil price weakness, US data
Exchange

TSX slumps over two percent on oil price weakness, US data

Canada's main stock index fell more than 2 percent on Friday as a further slide in crude oil prices weighed heavily on energy shares, while jitters about domestic and global economic growth hit banks and industrial and consumer names. The index dropped 3
Published 17 Jan, 2016 12:00am
Treasuries outlook: bond prices gain sharply on weak data

Treasuries outlook: bond prices gain sharply on weak data

US Treasury prices rallied on Friday after weaker-than-expected economic data added to skepticism about the strength of the US economy and as plunging oil prices shook global equity markets, increasing investor appetite for safe-haven US government debt.
Published 17 Jan, 2016 12:00am
Treasuries outlook: bond prices gain sharply on weak data

Treasuries outlook: bond prices gain sharply on weak data

US Treasury prices rallied on Friday after weaker-than-expected economic data added to skepticism about the strength of the US economy and as plunging oil prices shook global equity markets, increasing investor appetite for safe-haven US government debt.
Published 17 Jan, 2016 12:00am
Wall Street hemorrhages as oil tumbles and China fears deepen
Exchange

Wall Street hemorrhages as oil tumbles and China fears deepen

Wall Street bled on Friday, with the S&P 500 sinking to its lowest since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China. Pain was dealt widely, with the day's trading volume unusually high and more than
Published 17 Jan, 2016 12:00am
Weaker yuan would be no panacea for China Inc
Exchange

Weaker yuan would be no panacea for China Inc

A lower yuan would be no panacea for China Inc. The currency's recent drop against the dollar has renewed fears that China could use foreign exchange rates to get a competitive edge over rivals, perhaps even resorting to a sharp devaluation. That would yi
Published 17 Jan, 2016 12:00am
Egyptian industry head sees raising of FX deposit cap 'soon'
Currency

Egyptian industry head sees raising of FX deposit cap 'soon'

Egypt's move to regulate imports will allow the central bank to raise the level of unpopular dollar deposit limits 'soon', the head of the industrial federation said on Thursday, but declined to specify when. Mohamed El Sewedy, head of the Federation of E
Published 17 Jan, 2016 12:00am
Canadian dollar tumbles to new 12-year low
Exchange

Canadian dollar tumbles to new 12-year low

The Canadian dollar tumbled to a fresh 12-year low against its US counterpart on Friday and Canada's 10-year yield hit a record low, pressured by a plunge in crude oil prices and increased bets that the Bank of Canada will cut rates next week. A sell-off
Published 17 Jan, 2016 12:00am
Dollar sags against yen, euro on poor US data
Currency

Dollar sags against yen, euro on poor US data

The dollar tumbled to a near five-month low against the yen and a 2-1/2-week trough versus the euro on Friday, hammered by a combination of poor risk appetite arising from a renewed drop in oil prices and weak US economic data. The downbeat economic numbe
Published 17 Jan, 2016 12:00am
Indonesia's December forex reserves up 6 percent
Exchange

Indonesia's December forex reserves up 6 percent

Indonesia's central bank governor on Friday confirmed the country's foreign exchange reserves had risen nearly 6 percent in December to $105.9 billion compared with the previous month. That was the largest monthly percentage increase in Indonesia's forex
Published 17 Jan, 2016 12:00am
Speculators cut dollar longs to lowest since late October

Speculators cut dollar longs to lowest since late October

Speculators pared bullish bets on the US dollar in the latest week, with net longs falling to their lowest in 2-1/2 months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dolla
Published 17 Jan, 2016 12:00am
Thomson Reuters spot FX volumes inch up
Exchange

Thomson Reuters spot FX volumes inch up

Daily spot trading volumes on currency trading platforms run by Thomson Reuters inched up to $91 billion from a three-year low in December, according to figures published by the company late on Friday. Volumes traditionally tail off at the end of the year
Published 17 Jan, 2016 12:00am
Latin American currencies face another tough year
Exchange

Latin American currencies face another tough year

Latin American currencies are set to weaken further in 2016 because of a persistent economic downturn and low commodity prices, according to a Reuters poll that identified Brazil and Argentina as likely hot spots for volatility. The Brazilian real, one of
Published 17 Jan, 2016 12:00am
No respite for emerging currencies in 2016, volatile year ahead
Exchange

No respite for emerging currencies in 2016, volatile year ahead

The US dollar is likely to set new records against emerging market currencies this year, although its climb may be slower than in 2015 and possibly hampered by more frequent bouts of volatility, a Reuters poll suggested. Currency strategists gave weaker e
Published 17 Jan, 2016 12:00am
Serena '130 percent' fit, rules out surgery

Serena '130 percent' fit, rules out surgery

World number one Serena Williams ruled out surgery to fix a persistent knee problem Saturday as she declared herself "130 percent fit" for the Australian Open. The 21-time Grand Slam champion, gunning for a seventh title at Melbourne Park, retired due to
Published 17 Jan, 2016 12:00am
Practice makes perfect for upbeat Sharapova

Practice makes perfect for upbeat Sharapova

Maria Sharapova Saturday said she is in good shape and not worried about a lack of match practice going into the Australian Open after an injury-hit start to the year. The fifth seed, attempting to win her first title at Melbourne Park since 2008, pulled
Published 17 Jan, 2016 12:00am
Cornet wins Hobart title

Cornet wins Hobart title

France's Alize Cornet stormed to a 6-1, 6-2 win over Eugenie Bouchard to claim her fifth career title at the Hobart International on Saturday. The 42nd-ranked Cornet was too strong and consistent for the misfiring Canadian, winning the decider in 68 minut
Published 17 Jan, 2016 12:00am
Federer says Djokovic 'deserves a little star'

Federer says Djokovic 'deserves a little star'

Roger Federer baulked at suggestions that Novak Djokovic had climbed above his fellow 'Big Four' players on Saturday - but he admitted the Serb "deserves a little star" by his name. Despite Djokovic's dominance last year, Federer, who has arrived at the A
Published 17 Jan, 2016 12:00am
Lalit drops latest suit against Cairns

Lalit drops latest suit against Cairns

Billionaire Indian Lalit Modi has dropped his multimillion-dollar law suit against Chris Cairns in the latest twist in the long-running match-fixing related saga, it was reported Saturday. Modi was seeking to recoup £1.5 million pounds (US $2.13 million)
Published 17 Jan, 2016 12:00am
Previous Day