An upward trend persisted on the money market on Saturday as the rupee picked up modest gains against the greenback in the process of trading, dealer said. The rupee rose by 10 paisas versus the dollar for buying and selling at Rs 104.50 and Rs 104.70 res
An upward trend persisted on the money market on Saturday as the rupee picked up modest gains against the greenback in the process of trading, dealer said. The rupee rose by 10 paisas versus the dollar for buying and selling at Rs 104.50 and Rs 104.70 res
Chicago Board of Trade soft red winter wheat futures fell 1.6 percent on Thursday, snapping a six-session streak of gains that took prices to seven-month highs a day earlier, traders said. K.C. hard red winter wheat futures and MGEX spring wheat futures a
Freight rates for large capesize dry cargo ships on key Asian routes could nudge higher next week after hitting multi-month highs this week on strong cargo buying volumes, ship brokers said. Capesize rates from Western Australia to China jumped to a six-m
A group of South Korea flour mills lead by DongAOne Co Ltd has bought 27,000 tonnes of wheat to be sourced from the United States in a tender which closed on Thursday, European traders said. The tender had sought shipment between October 1-31 from the US
Export premiums for soyabeans shipped from the US Gulf Coast held mostly steady on Thursday, underpinned by persistent demand for both old- and new-crop supplies as prices for South American cargoes are elevated, traders said. The US Department of Agricul
Indian soyabean and rapeseed futures ended higher on Thursday, helped by domestic demand for meals or animal feed. The July soyabean contract on the National Commodity & Derivatives Exchange edged up 0.28 percent to 3,903 rupees ($58.49) per 100 kg. Lower
Ivory Coast's cocoa output is unlikely to rebound before the end of the mid-crop, meaning 2015/16 production in the world's top grower is likely to fall short of a government forecast, exporters and farmers said. The West African country's marketing board
Chicago corn and wheat futures turned lower on Tuesday as mostly favourable conditions for US crops diverted attention away from adverse weather overseas and encouraged markets to consolidate after a four-session rally. US soyabeans also gave up most of e
Euronext wheat futures edged lower on Thursday as Chicago fell after a six-session rally and grain markets awaited further direction from US government crop forecasts. A drop in the euro helped curb losses on Euronext while concern about weather damage to
ICE Canadian canola futures dipped on Thursday, halting a three-day winning streak, as investors adjusted positions ahead of a US government crop report on Friday. Favorable crop conditions in Western Canada and hot temperatures that are expected to help
Palm oil on the European vegetable oils market was offered in a tight range on Thursday following barely changed Malaysian palm oil futures with a strong ringgit the dominant factor. "A strong ringgit makes palm oil more expensive for foreign buyers and t
Argentine farmers have brought in 86.7 percent of land planted with soyabeans this season, the Buenos Aires Grains Exchange said on Thursday, adding 8 percentage points during the week but lagging last year's harvesting tempo by 9.9 percentage points due
Trading in Asian coffee picked up this week as farmers in top robusta producer Vietnam offloaded stocks to benefit from rising prices and as demand rose ahead of the peak harvest season in Indonesia, traders said on Thursday. Rising shipments from Vietnam
US natural gas futures jumped 6 percent to settle near 9-month highs on Thursday, after a smaller-than-expected weekly storage build and forecasts the power sector will keep burning record amounts of the fuel to meet air conditioning demand in coming week
Asia's rice market slowed this week, though Thai rice prices jumped to a 20-month high on tight domestic supply, while lower Vietnamese rice prices failed to invite fresh purchases, traders said on Wednesday. Traders said they were also monitoring the pri
Lean business activity was seen on the cotton market on Saturday as a result of less buying interest by mills, dealers said. The official spot rate was unchanged at Rs 5,500, dealers said. In Sindh, seed-cotton prices were at Rs 2900-3050, per 40 kg, they
Early harvested corn hitting Brazil's grain markets is lowering record high prices, which have hurt the country's massive poultry and pork industries, specialists said on Monday. Despite the small size of the lots coming early from the fields of Mato Gros
Domestic supplies of corn and soyabeans will be tighter than expected in the United States as problems with crops in Brazil and Argentina have raised demand for US supplies from overseas buyers, the US Agriculture Department said on Friday. In its monthly
Egypt will end local wheat buying on Wednesday, earlier than usual, due to exceeding its target of 4 million tonnes, the supplies ministry said on Saturday. "Supplies Minister Khaled Hanafi pointed out that the door for receiving local wheat from farmers
Egypt has rejected two shipments of wheat for containing trace levels of the ergot fungus, backtracking on a government pledge to apply international standards and alarming traders looking to do business with the world's largest buyer of the grain. Earlie
Syria's government has raised the price it pays local farmers for their wheat to 100 Syrian pounds ($0.212) a kg as it attempts to buy as much Syrian grain as possible, a government source said on Monday. The source, who did not give a figure for how much
Cotton futures settled lower on Friday after a choppy trading session as the US government raised its forecast for domestic inventories. The US Department of Agriculture (USDA) cut its outlook for global inventories, largely on a decrease in inventories i
Importers in Iran have bought at least 250,000 tonnes of Brazilian raw sugar in the first purchases since international sanctions were lifted on Tehran in January, trade sources said on Friday. One source said the purchases were between 250,000 and 300,00
Sugar prices have the potential to rise further after climbing to their highest in more than 2-1/2 years on Monday as production fails to keep pace with rising demand, the chief raw sugar trader for Olam International said in an interview. Piero Carello t
China's copper imports jumped by 19.4 percent from the same month a year ago to 430,000 tonnes in May, customs data showed on Wednesday, as term shipments remained strong despite higher prices in overseas markets. Shipments eased from the month before, ho
India plans to introduce a 25 percent tax on sugar exports to maintain local supplies, the government said on Thursday, a move that could further push up global prices of the sweetener and boost shipments from Thailand. Sugar output in India, the world's
One of the world's largest palm oil producers, Malaysia's IOI Group , said it has been made the "scapegoat" of an industrial watchdog's increasingly muscular approach to ending slash-and-burn deforestation by major world players. The Roundtable on Sustain
South Korean prosecutors raided the offices of Lotte Group, the country's fifth-largest conglomerate, and several affiliates on Friday, dealing a further blow to its hotel unit's planned IPO, billed as the world's biggest this year. Hotel Lotte, one of th
South Korean prosecutors raided the offices of Lotte Group, the country's fifth-largest conglomerate, and several affiliates on Friday, dealing a further blow to its hotel unit's planned IPO, billed as the world's biggest this year. Hotel Lotte, one of th
Venezuela's state oil company, PDVSA, is close to reaching deals to boost Schlumberger's presence after the oilfield services provider said in April it would reduce operations because of payment problems, PDVSA's president told Reuters. PDVSA, the exclusi
The former CEO of a software company is suing RBS for allegedly conspiring to push the business into administration to benefit from its sale, court filings show, in the latest case to allege misconduct by the bank's restructuring division. Scottish busine
Thirteen of Britain's top scientists signed a letter backing the campaign to remain in the EU Saturday after a dramatic new poll boosted the momentum behind the Brexit campaign less than two weeks before the June 23 referendum. Nobel Prize winners includi
A group of Britain's most eminent scientists have endorsed the campaign for the UK to remain in the European Union, saying that leaving could damage research. In a letter to The Daily Telegraph, published on Saturday, 13 Nobel Laureates including John Gur
Wal-Mart Stores Inc would have to spend an additional $4.95 billion if it were to raise the minimum wage for its hourly employees in the United States to $15 per hour from the current $10 per hour, according to an estimate by the UC Berkeley Centre for La
General Motors announced plans Friday to hire 1,000 engineers and software developers at its Canadian research facilities near Toronto over the coming years to design new self-driving cars. "With this expansion, GM Canada will play an important role in ou
Mozambique, one of the world's poorest countries, paid $35 million in up-front "arrangement fees" for a $500 million loan organised by Russia's VTB Bank, according to loan related documents reviewed by Reuters. In percentage terms - seven percent - the fe
India's second-largest drugmaker Dr Reddy's Laboratories Ltd said it agreed to buy eight generic drugs from Teva Pharmaceutical Industries and Allergan Plc for $350 million in cash to bolster its US business. The deal is among Dr Reddy's biggest acquisiti
Venezuela's PDVSA unit in the United States, Citgo Petroleum, and Aruba on Friday signed an agreement to reactivate a 235,000-barrel-per-day refinery on the Caribbean island, an investment designed to help process the South American's oil producer's extra
Algerian President Abdelaziz Bouteflika named new energy and finance ministers on Saturday in a cabinet reshuffle, as the Opec member tries to cope with a sharp fall in oil and gas earnings that have placed increasing pressure on its finances. Nouredine B
Air France pilots went on a four-day strike over pay cuts on Saturday that could disrupt transport plans for football fans on the second day of Europe's soccer championship. Air France, part of Franco-Dutch group, said on Saturday it estimated that about
Asia's stock exchanges are ramping up efforts to boost liquidity in the region's local currency bond markets as they target a greater share of fixed-income trading. Bourses from India to New Zealand are rolling out initiatives, ranging from online bookbui
Asia's stock exchanges are ramping up efforts to boost liquidity in the region's local currency bond markets as they target a greater share of fixed-income trading. Bourses from India to New Zealand are rolling out initiatives, ranging from online bookbui
Qatari construction firm Aljaber Group is planning a stock market flotation in the Gulf Arab state, sources aware of the matter said, in a listing which could be worth around $800 million. Initial public offerings have been extremely rare in Qatar due to
Qatari construction firm Aljaber Group is planning a stock market flotation in the Gulf Arab state, sources aware of the matter said, in a listing which could be worth around $800 million. Initial public offerings have been extremely rare in Qatar due to
India's largest information technology company, Tata Consultancy Services (TCS), has become the third conglomerate to invest large cash holdings in government bonds, a trend that could boost the young debt market but also stir volatility. TCS ploughed $3
India's largest information technology company, Tata Consultancy Services (TCS), has become the third conglomerate to invest large cash holdings in government bonds, a trend that could boost the young debt market but also stir volatility. TCS ploughed $3
Canada's main stock index posted its largest drop since February on Friday, falling to a one-week low as energy stocks tumbled with oil prices and global equity markets broadly moved lower. The index ended 1.3 percent lower for the week after having touch
Turnover on West Africa's BRVM bourse more than doubled over the past year, reaching 209.26 billion CFA francs ($362.2 million) in late May, the manager of the stock exchange said on Tuesday. "We benefited from a favorable context. We live in a region wit
US Treasury yields fell to four-month lows on Friday as European sovereign debt yields plunged on concerns about a potential British exit from the European Union and global growth. Ten-year yields in Germany, Japan and the United Kingdom all struck record
US Treasury yields fell to four-month lows on Friday as European sovereign debt yields plunged on concerns about a potential British exit from the European Union and global growth. Ten-year yields in Germany, Japan and the United Kingdom all struck record
Global investors are piling into sovereign bonds amid concerns about Brexit and sluggish growth, pushing rates of return close to zero and even into negative territory, creating an unprecedented situation with unknown consequences. The yield or rate of re
Global investors are piling into sovereign bonds amid concerns about Brexit and sluggish growth, pushing rates of return close to zero and even into negative territory, creating an unprecedented situation with unknown consequences. The yield or rate of re
The European Energy Exchange (EEX), Europe's biggest electricity bourse, expects a rise in futures trading volumes this year as it expands in more countries and products, its chief executive said. The EEX, which has widened its coverage in Italy, Spain an
US stocks dropped for a second straight day on Friday following another drop in oil prices and renewed worries about the global economy. Ahead of Britain's June 23 referendum on whether to stay in the European Union, a poll showed those in favour of Brita
Daily spot trading volumes on the biggest currency trading platforms run by Thomson Reuters and ICAP continued to fall in May, extending a downward trend seen in recent months, according to figures the companies published. Spot currency trading volume on
Details of Nigeria's flexible currency model will be ready in a "short while", the head of United Bank for Africa (UBA) said on Thursday after chief executives of the country's lenders met with central bank officials. The central bank last month announced
Major African currencies are expected to come under pressure next week due to low foreign exchange supplies and lingering concerns about global economic growth, traders said.
Pessimism over emerging Asian currencies eased in the last two weeks as expectations of an imminent interest rate rise by the Federal Reserve waned after weak US jobs data, a Reuters poll showed on Thursday. The Chinese yuan's bearish bets nearly halved w
The Canadian dollar weakened against its US counterpart on Friday as a fall in oil prices and a global shift towards less risky assets hurt the currency, cancelling out earlier gains from a robust domestic jobs report. Crude prices settled down 3 percent,
The yen and Swiss franc rose on Friday as oil prices slid and bank shares led global equity markets lower, stoking a fresh wave of bids for low-risk assets. Jitters about the June 23 referendum on Britain's membership in the European Union intensified the
Zimbabwean President Robert Mugabe said on Thursday the introduction of local bank notes by the central bank later this year, which he called a "surrogate currency", would help prevent foreigners taking greenbacks out of the country. He also said the shor
Speculators ramped up their bets against sterling in the latest week by the most in nearly five years, as hedge funds and other asset managers struck a decidedly defensive stance in the British currency two weeks ahead of a crucial referendum over whether
The Swiss National Bank appeared to dial back its foreign currency interventions in May, analysts said on Tuesday, as the central bank prepares for increased market turbulence surrounding Britain's vote on EU membership. The SNB is due to give its next mo
Poland's banks have put forward a plan to tackle the country's Swiss franc mortgage problem that would cost them less than 5 percent of the solution proposed by President Andrzej Duda, the Puis Biznesu newspaper reported on Monday. More than half a millio
A shortage of dollars and high demand for the currency globally are stretching certain dollar-based rates to levels more associated with periods of extreme market stress, raising a red flag for the wider financial system. Record-low investment returns are
Lionel Messi scored a magical hat-trick in 19 minutes as Argentina cruised into the Copa America Centenario quarter-finals with a 5-0 rout of Panama on Friday. Messi had been forced to delay his debut in the tournament after a slow recovery from a lower b
An unbeaten century from debutant opener Lokesh Rahul steered India to an easy nine- wicket victory over hosts Zimbabwe in the first one-day International on Saturday. Rahul smashed a six off the last ball of the innings to finish on 100 not out from 115
Roger Federer uncharacteristically failed to nail two match points as Dominic Thiem stunned the top seed on the grass in the rain-disrupted Stuttgart semi-finals on Saturday. The Swiss legend, who is returning from a back injury that ruled him out of the
Chris Woakes started and finished a Sri Lanka collapse on the third day of the third Test against England at Lord's on Saturday. Sri Lanka, well-placed at 162 for one overnight, were dismissed for 288 - 128 runs behind England's first innings 416. Woakes,
Fabien Schaer's powerful header gave Switzerland a narrow 1-0 win over 10-man Albania on the second day of the European Championship finals on Saturday. The Group A match, in the spotlight with brothers Granit and Taulant Xhaka playing for opposing sides,
France was revelling in a victorious start to the Euro 2016 on Saturday after winning the opening match, but a strike by Air France pilots threatened to disrupt travel for hundreds of thousands of fans. Police were on high alert in the southern city of Ma
A siege by US-backed Kurdish and Arab forces of the key jihadist-held town of Manbij in northern Syria left tens of thousands of civilians trapped on Saturday. Near Damascus, suicide bombings claimed by the Islamic State group outside a Shia shrine killed
Finnish Finance Minister Alexander Stubb will leave his cabinet post after losing his conservative party's chairmanship to Interior Minister Petteri Orpo in a vote on Saturday. Orpo, 46, beat out Stubb, a former prime minister, by a vote of 441 to 361 in
A US drone attack in Yemen killed two suspected al Qaeda members in their vehicle on Saturday in Marib province east of the capital Sanaa, a local official said. The official named the two dead men as Gazwan al-Waili and Zubeir al-Sanaani and said "they w
The Solar Impulse 2 aircraft flew into New York past the Statue of Liberty completing the US leg on Saturday of a record-breaking bid to circumnavigate the Earth powered only by solar energy. The plane, which is no heavier than a car but has the wingspan
The Solar Impulse 2 aircraft flew into New York past the Statue of Liberty completing the US leg on Saturday of a record-breaking bid to circumnavigate the Earth powered only by solar energy. The plane, which is no heavier than a car but has the wingspan
Israel's army destroyed on Saturday the home of a Palestinian teenager accused of stabbing a Jewish woman to death at her home in a West Bank settlement. The demolition took place in the West Bank village of Beit Amra, with bulldozers flattening an entire
The authorities in Crimea on Saturday unveiled a bronze statue of a heavily armed Russian soldier to celebrate the peninsula's 2014 annexation from Ukraine. The slightly larger-than-life sculpture in Crimea's main city of Simferopol shows a soldier carryi