The rupee firmly held the overnight levels in relation to the dollar on the open market on Saturday, dealers said. The rupee did not move any side in terms of the dollar for buying and selling at Rs 106.40 and Rs 106.65, they added. The rupee, however, pi
The rupee firmly held the overnight levels in relation to the dollar on the open market on Saturday, dealers said. The rupee did not move any side in terms of the dollar for buying and selling at Rs 106.40 and Rs 106.65, they added. The rupee, however, pi
Asia's naphtha crack extended gains to reach a four-session high of $87.20 a tonne on Friday on strong demand this week. South Korea's Lotte Chemical has bought two cargoes totalling about 50,000 tonnes of naphtha for first-half March delivery at a discou
Thai rice prices picked up this week on loading demand and ahead of an expected deal with Iran, while thin buying demand pushed Vietnamese prices down slightly, traders said on Wednesday. Last week, rice prices in Vietnam, the world's third-biggest export
India's mustard output is expected to grow for the first time in three years this season, government estimates show, as falling temperatures, light rains and the absence of crop-damaging frost raise farmers' hopes after two years of drought. Early project
The March vaida was up on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The March vaida closed at Rs 2052.00 and it commenced a 30 paisas gain at Rs 2052.30 in the early hours, they said.
Prices held present firmness on the cotton market on Saturday following the short supply of fine variety of cotton, dealers said. The official spot rate was unchanged at Rs 5,450, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs 3000 a
Palm oil on the European vegetable oils market rose on Thursday despite weaker Malaysian futures because of a strong ringgit and strong energy markets. "The strong ringgit supported the cash market as it makes palm oil more expensive for buyers holding fo
Indian rapeseed futures fell on Friday to their lowest level in nine months on prospects of a bumper harvest, and on rising imports of edible oils. Soyaoil futures eased on a stronger rupee and a drop in overseas palm oil prices, while soyabeans dropped o
An upward trend was seen on the wholesale grain market on Saturday in the process of slow trading, dealers said. On the cereals side, Moong Punjab was higher by Rs 125 to Rs 10500 due to rise in demand modestly, other commodities maintained overnight leve
Spot basis bids for corn and soyabeans were flat at processors and elevators around the US Midwest on Thursday, grain dealers said. Dealers said farmers were not impressed with prices and was unwilling to sell grain. Farmers are hoping for $4 per bushel f
Freight rates for capesize bulk carriers on key Asian routes are likely to stay flat as vessel volumes outpace cargo demand and the approaching Chinese New Year holiday further dampens chartering activity, ship brokers said on Thursday. There is little ho
Drought has caused irrecoverable corn crop losses in some areas of Argentina despite the El Nino weather phenomenon which usually triggers heavy rains in South America, an analyst at the country's main grains exchange said. Argentina is the fourth largest
China's net gold imports for December via main conduit Hong Kong surged to the highest in more than two years, data showed on Tuesday, as investors lost faith in collapsing stock markets and a weakening currency and snapped up bullion. Net gold imports by
Iron ore futures in China ended lower on Thursday as a rally to the 3-1/2-week peak proved fleeting after steel prices slid more than 2 percent. Shanghai rebar futures slipped from a four-month high, underlining weak demand in top steel producer and consu
US natural gas futures on Thursday were nearly unchanged for an eighth straight day despite a slightly bigger than expected storage draw and mixed forecasts calling for warmer than normal to seasonal weather over the next two weeks. The US Energy Informat
Export premiums for soyabeans shipped from the US Gulf Coast were flat to lower on Thursday on seasonally slowing demand as exports of new-crop South American soyabeans were offered at lower prices, traders said. Soyabean demand from top importer China is
European wheat prices fell on Thursday in cautious trade ahead of a meeting on the fate of Russia's export tax on the grain, shrugging off good weekly export data seen as necessary to clear last year's hefty crop, traders said. By 1654 GMT front-month Mar
Taiwan's economic growth in 2015 slowed to its weakest pace since the global financial crisis, as ebbing world demand took a heavy toll on the island's exports and maintained pressure on the central bank to further cut rates. The preliminary figures relea
American Airlines Group Inc on Friday reported a fourth-quarter profit above analysts' estimates as tumbling oil prices continued to add to its bottom line. American, the world's largest airline, earned $3.28 billion, benefiting from a more than 40 percen
American Airlines Group Inc on Friday reported a fourth-quarter profit above analysts' estimates as tumbling oil prices continued to add to its bottom line. American, the world's largest airline, earned $3.28 billion, benefiting from a more than 40 percen
Colgate-Palmolive Co reported lower-than-expected sales for the last quarter of 2015, hurt by a strong dollar and weak demand in Latin America. The company, which gets more than three-fourths of its revenue from outside the United States, has been raising
Brazilian billionaire Abilio Diniz transferred nearly 3 billion reais ($750.51 million) of investments in BTG Pactual SA to a rival bank, dealing a further blow to the investment bank reeling from shrinking business flows. According to local magazine Veja
Coca-Cola has bought a 40 percent stake in Nigerian juice and snack producer Chi Ltd, it said on Saturday, as it continues to expand in Africa to tap a young and fast-growing population. The US drinks giant bought the stake from unlisted TGI Group, the tw
China's leaders are expected to target economic growth in a range of 6.5 percent to 7 percent this year, sources familiar with their thinking said, setting a range for the first time because policymakers are uncertain on the economy's prospects. The propo
Japan's two-biggest airlines reported soaring profits Friday as a surge in tourism and lower fuel costs beefed-up their bottom line. Japan Airlines (JAL) and rival All Nippon Airways (ANA) credited a weak yen for helping boost tourism into Japan as it mak
Japan's two-biggest airlines reported soaring profits Friday as a surge in tourism and lower fuel costs beefed-up their bottom line. Japan Airlines (JAL) and rival All Nippon Airways (ANA) credited a weak yen for helping boost tourism into Japan as it mak
Iran expects to finalise within days a deal to buy up to 40 planes from ATR, the European manufacturer of turboprop aircraft, a deputy transport minister said Saturday. "We discussed the deals in Italy and France and ATR officials are expected in Tehran i
Iran has cancelled a London conference where it was set to introduce new oil and gas contracts to investors, the Seda weekly reported on Saturday citing a senior Iranian official who blamed a delay in getting visas. Postponed five times amid uncertainty o
Bank of Italy Governor Ignazio Visco on Saturday called for the revision of new European rules that shift the burden of propping up failing banks onto investors, saying they should have been introduced more gradually. The recent rescue of four small Itali
Iraq's oil minister said on Saturday his country was ready to accept a decision by Opec and non-Opec members to cut crude production and was preparing to revive its national oil company, moves aimed at boosting profits amid dropping prices. Cash-trapped V
Malaysia's attorney general promised Saturday to cooperate with a Swiss call for help in probing alleged massive corruption that has placed Prime Minister Najib Razak under severe pressure. Swiss prosecutors on Friday had issued a statement saying they be
Jordan's largest lender, Arab Bank Group, said on Saturday its 2015 net profits fell to $442 million, from $577 million a year earlier, after putting aside hundreds of millions to cover a legal settlement in the United States. Arab Bank agreed last August
Jordan's largest lender, Arab Bank Group, said on Saturday its 2015 net profits fell to $442 million, from $577 million a year earlier, after putting aside hundreds of millions to cover a legal settlement in the United States. Arab Bank agreed last August
Toyota Motor Corp said on Saturday it may halt production at its domestic plants early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates. The blast an Aichi Steel plant has curbed production of s
Dubai''s Electricity and Water Authority (DEWA) said on Saturday it was calling on consulting firms to tender for advisory and regulatory development services for the emirate''s planned 100 billion dirham ($27 billion) clean energy fund. The "Dubai Green
Dubai's Electricity and Water Authority (DEWA) said on Saturday it was calling on consulting firms to tender for advisory and regulatory development services for the emirate's planned 100 billion dirham ($27 billion) clean energy fund. The "Dubai Green Fu
Dubai's Electricity and Water Authority (DEWA) said on Saturday it was calling on consulting firms to tender for advisory and regulatory development services for the emirate's planned 100 billion dirham ($27 billion) clean energy fund. The "Dubai Green Fu
Canada's main stock index jumped on Friday as investors cheered the Bank of Japan's bold move to stimulate growth, while rising oil prices and an accommodative royalty update in Alberta boosted energy stocks. The Toronto Stock Exchange's S&P/TSX composite
Some investors who mistakenly sensed a bottom in Asian markets in late 2015 will be shy to see one now, though others could feel this year's tumbles have made valuations attractive enough to come back in. In October, there was sustained buying, as Asian v
Despite China's stock market convulsions, investors flocked to the country's first initial public offering under rules implemented on January 1 that allow investors to submit orders without paying upfront for new stocks at prices set to remain well below
Global investors cut their US equity and bond holdings in January, a Reuters poll of fund managers showed on Friday, as the S&P 500 suffered its worst January since 2009 and after the US Fed began tightening. US stocks shrank 1 percentage point to 37 perc
Global investors cut their US equity and bond holdings in January, a Reuters poll of fund managers showed on Friday, as the S&P 500 suffered its worst January since 2009 and after the US Fed began tightening. US stocks shrank 1 percentage point to 37 perc
Stocks of refined lead monitored by the Shanghai Futures Exchange dived 57 percent from last week, hitting a record low, data from the exchange showed on Friday. Reduced availability of lead stocks raised fears of supply shortage for deliveries of the fro
The New York Stock Exchange on Thursday recommended reforms to the US equities market which it said could improve stability and prevent a repeat of the wild price swings seen on August 24 during a near-unprecedented bout of volatility. The measures includ
Fidelity International's top fund manager said on Wednesday that he preferred US stocks to Europe, in contrast to the views of many others in the market. Several fund managers have said Europe is their preferred regional equity market, given the prospect
Chinese companies may be forced to sell at least $12 billion in shares in coming weeks to meet margin calls, dealing a further blow to stock markets which have already seen some $2 trillion in value wiped out so far this year. Some companies that had pled
Italian electrochemical technology provider De Nora is looking to list up to 45 percent of its capital in an initial public offering before summer, its CFO told Reuters. The company has lined up UBS, Deutsche Bank and UniCredit as global coordinators to l
Italian electrochemical technology provider De Nora is looking to list up to 45 percent of its capital in an initial public offering before summer, its CFO told Reuters. The company has lined up UBS, Deutsche Bank and UniCredit as global coordinators to l
US Treasury yields fell to four-month lows on Friday after the Bank of Japan surprised investors by introducing negative interest rates in a further effort to stimulate the country's flagging economy. The BOJ said it would charge for a portion of bank res
US Treasury yields fell to four-month lows on Friday after the Bank of Japan surprised investors by introducing negative interest rates in a further effort to stimulate the country's flagging economy. The BOJ said it would charge for a portion of bank res
Wall Street surged over 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the S&P 500's worst January since 2009. Slammed by collapsing oil pri
Daily currency volumes in London and North America contracted in October compared with a year ago, hammered by fallout from a raft of market manipulation scandals and banks' unwillingness to take on more risk, according to semi-annual surveys by the US an
Poland laid out a draft law on Friday to saddle lenders with the costs of converting Swiss franc mortgages into zlotys, a move critics say could undermine the health of what was until recently one of Europe's healthiest banking sectors. Renewed efforts to
Bearish bets on the Canadian dollar rose this week to the highest in five months, Commodity Futures Trading Commission data showed on Friday, as steady Bank of Canada policy an and oil price recovery failed to shake speculation against the currency. Net s
The Canadian dollar gained against a stronger US counterpart on Friday after a Bank of Japan rate cut into negative territory boosted global asset markets, while oil rallied and data showed Canadian and US growth in line with economists' expectations. The
The dollar rose sharply on Friday, hitting a six-week high versus the yen, after the Bank of Japan took one of its main interest rates into negative territory and US gross domestic product data largely matched economists' expectations. The BoJ said it wou
Norway's central bank will sell foreign exchange equivalent of 900 million Norwegian crowns per day in February, compared with 500 million crowns during January, the bank said on Friday. The bank is selling the currency because the government's transfers
Transaction costs for trading the world's most liquid currencies rose in 2015 after the Swiss National Bank stunned markets by removing a cap on the franc, research by an independent broker showed on Tuesday, potentially weighing on volumes. "G-10 currenc
Speculators cut bullish bets on the US dollar for a fifth straight week, as net longs fell to their lowest since late October, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the do
Serbia's central bank sold 80 million euros ($86.59 million) on the interbank currency market on Friday to bolster the dinar, which remained weak on increased offers of the domestic currency and under pressure from investors cutting exposure to emerging m
Bets against commodity-linked emerging currencies are on the rise again as crude prices fall to around $30 a barrel, but volatility remains well below the peaks of last year. Brent crude's renewed tumble this year has put commodity exporters' currencies o
Nigeria's President Muhammadu Buhari is against devaluing the naira, his office said on Thursday, backing the central bank's stance of keeping rates unchanged in the face of sharp falls against the dollar on the black market. The central bank decided on T
Arsenal remain on course for a third consecutive FA Cup success after Alexis Sanchez inspired Arsene Wenger's side to a 2-1 fourth-round win over second-tier Burnley on Saturday. Manchester City and Tottenham Hotspur also progressed, but West Bromwich Alb
Pakistan Super League (PSL) would be instrumental in strengthening the cricket system, provision of international exposure to our domestic players and patronage to our young players while all five franchises of the League have made all the payment to Paki
South African Branden Grace retained his Qatar Masters title in Doha on Saturday winning by two shots and making tournament history in the process. The world number 11 shot a last round 69 in the European Tour tournament to go with previous rounds of 70,
The CA Pakistan Golf tournament organized by the Institute of Chartered Accountants of Pakistan will be contested today (Sunday) over 18 holes at the Royal Palm Golf Course. The participating field consists of 140 golfers, who represent the corporate lead
T20 cricket team skipper Shahid Afridi met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Saturday and discussed matters pertaining to promotion of cricket in the country. Other matters of mutual interest also came under discussion. Sources claim
In-form batsman Usman Khawaja was Saturday brought into Australia's squad for the final Twenty20 match against India, with Shane Watson to captain in place of injured skipper Aaron Finch. Finch injured his left hamstring in Friday night's match which Indi
Barcelona took control of the La Liga title race as goals from Lionel Messi and Luis Suarez inspired a come from behind 2-1 win against nine-man Atletico Madrid on Saturday. Koke handed the visitors a deserved early lead, but Barca turned the game thanks
Serena Williams Saturday said she wasn't a "robot" and couldn't win every match she played after slumping to a shock defeat in the Australian Open final against Germany's Angelique Kerber.
A tearful Angelique Kerber stunned an errant Serena Williams to win the Australian Open on Saturday and thwart the American top seed's bid to equal Steffi Graf's Open-era record of 22 Grand Slam titles. In a huge upset, the seventh seed toppled the 34-yea
UN Secretary-General Ban Ki-moon warned African leaders Saturday of the need for action in troubled Burundi at a summit aiming to end armed crises across the continent. African Union leaders face an unprecedented vote on deploying a 5,000-strong peacekeep
Chad's President Idriss Deby took over the post of African Union chairman on Saturday, replacing Zimbabwean President Robert Mugabe. "I accept this task with pleasure, but with a little agony as the responsiblity you entrust in me is heavy and fraught wit
France aims to scale back its military presence in Central African Republic by the end of the year, its defence minister said in a French media interview, as Paris continues to count on forthcoming elections to ease tension in the turbulent African countr
Germany's eurosceptic right-wing populist AfD party created a storm Saturday by suggesting police "if need be" should threaten to shoot migrants seeking to enter the country. "We need efficient controls to prevent so many unregistered asylum-seekers keepi
German Chancellor Angela Merkel tried on Saturday to placate the increasingly vocal critics of her open-door policy for refugees by insisting that most refugees from Syria and Iraq would go home once the conflicts there had ended. Despite appearing increa
Facebook has banned people using the social network for unlicensed gun sales after pressure from anti-gun violence groups alarmed over the ease with which firearms are sold online in the United States. Although Facebook and its Instagram photo-sharing ser