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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-11-06
Controversial story: probe committee to be formed by tomorrow: Nisar

Controversial story: probe committee to be formed by tomorrow: Nisar

Interior Minister Chaudhry Nisar Ali Khan on Saturday said that the committee for holding probe into controversial story will be formed by Monday as names of its members have been presented to prime minister. Talking to a select group of journalists here,
Published 06 Nov, 2016 12:00am
Portugal backtracks on early IMF loan repayment

Portugal backtracks on early IMF loan repayment

Portugal''s Socialist government said Saturday it will not make early payments of 6.6 billion euros in IMF loans this year in order to maintain financial reserves. "The early paybacks of the IMF loan will depend on market conditions and financing needs, i
Published 06 Nov, 2016 12:00am
Portugal backtracks on early IMF loan repayment

Portugal backtracks on early IMF loan repayment

Portugal's Socialist government said Saturday it will not make early payments of 6.6 billion euros in IMF loans this year in order to maintain financial reserves. "The early paybacks of the IMF loan will depend on market conditions and financing needs, in
Published 06 Nov, 2016 12:00am
Portugal backtracks on early IMF loan repayment

Portugal backtracks on early IMF loan repayment

Portugal's Socialist government said Saturday it will not make early payments of 6.6 billion euros in IMF loans this year in order to maintain financial reserves. "The early paybacks of the IMF loan will depend on market conditions and financing needs, in
Published 06 Nov, 2016 12:00am
Dar reviews steps towards ensuring good governance

Dar reviews steps towards ensuring good governance

Finance Minister, Senator Ishaq Dar, chaired a meeting here on Saturday to review the steps being taken by the government to ensure good governance, improve transparency and to curb the menace of corruption. The Finance Minister said that Pakistan has rec
Published 06 Nov, 2016 12:00am
Dar reviews steps towards ensuring good governance

Dar reviews steps towards ensuring good governance

Finance Minister, Senator Ishaq Dar, chaired a meeting here on Saturday to review the steps being taken by the government to ensure good governance, improve transparency and to curb the menace of corruption. The Finance Minister said that Pakistan has rec
Published 06 Nov, 2016 12:00am
Dar reviews steps towards ensuring good governance

Dar reviews steps towards ensuring good governance

Finance Minister, Senator Ishaq Dar, chaired a meeting here on Saturday to review the steps being taken by the government to ensure good governance, improve transparency and to curb the menace of corruption. The Finance Minister said that Pakistan has rec
Published 06 Nov, 2016 12:00am
SBP to issue formal communication policy in Fiscal Year 2017
Currency

SBP to issue formal communication policy in Fiscal Year 2017

The State Bank of Pakistan (SBP) to issue and implement a formal communication policy during this fiscal year (FY17) to create awareness about the SBP role in policy making. In line with strategic objectives, the SBP has adopted a multi-dimensional approa
Published 06 Nov, 2016 12:00am
SBP to issue formal communication policy in Fiscal Year 2017
Currency

SBP to issue formal communication policy in Fiscal Year 2017

The State Bank of Pakistan (SBP) to issue and implement a formal communication policy during this fiscal year (FY17) to create awareness about the SBP role in policy making. In line with strategic objectives, the SBP has adopted a multi-dimensional approa
Published 06 Nov, 2016 12:00am
SBP to issue formal communication policy in Fiscal Year 2017
Currency

SBP to issue formal communication policy in Fiscal Year 2017

The State Bank of Pakistan (SBP) to issue and implement a formal communication policy during this fiscal year (FY17) to create awareness about the SBP role in policy making. In line with strategic objectives, the SBP has adopted a multi-dimensional approa
Published 06 Nov, 2016 12:00am
Indian forces target teenager's funeral in held Srinagar

Indian forces target teenager's funeral in held Srinagar

Over 30 people were injured after Indian troops and police personnel resorted to teargas shelling on the funeral of a boy in Srinagar on Saturday. The 16-year-old boy, Qaiser Sofi, a resident of Shalimar, was found in an unconscious state a day after he w
Published 06 Nov, 2016 12:00am
Indian forces target teenager's funeral in held Srinagar

Indian forces target teenager's funeral in held Srinagar

Over 30 people were injured after Indian troops and police personnel resorted to teargas shelling on the funeral of a boy in Srinagar on Saturday. The 16-year-old boy, Qaiser Sofi, a resident of Shalimar, was found in an unconscious state a day after he w
Published 06 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (November 05, 2016) and the forecast for Sunday (November 06, 2016).

Published 06 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 05, 2016).

Published 06 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 05, 2016).

Published 06 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 05, 2016)

Published 06 Nov, 2016 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2016).

Published 06 Nov, 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 (November 05, 2016).

Published 06 Nov, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 05, 2016).

Published 06 Nov, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 05, 2016).

Published 06 Nov, 2016 12:00am
THE RUPEE: rates slide
Currency

THE RUPEE: rates slide

An easier trend persisted on the money market on Saturday in the process of trading, dealers said. The rupee failed to hold overnight levels in terms of the dollar for buying and selling at Rs 105.70 and Rs 105.90 respectively, they said. The rupee also l
Published 06 Nov, 2016 12:00am
THE RUPEE: rates slide
Currency

THE RUPEE: rates slide

An easier trend persisted on the money market on Saturday in the process of trading, dealers said. The rupee failed to hold overnight levels in terms of the dollar for buying and selling at Rs 105.70 and Rs 105.90 respectively, they said. The rupee also l
Published 06 Nov, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (November 05, 2016).

Published 06 Nov, 2016 12:00am
European gasoline cracks slide as US pipeline fears recede

European gasoline cracks slide as US pipeline fears recede

Gasoline refining margins in northwest Europe slipped on Wednesday as markets eased on news of the expected restart of the Colonial pipeline at the end of the week following a fatal blast on Monday. Several cargoes have been booked in recent days out of E
Published 06 Nov, 2016 12:00am
Chinese iron ore retreats after fresh gains to over two-year high

Chinese iron ore retreats after fresh gains to over two-year high

Iron ore futures in China pulled back on Wednesday as investors locked in recent gains after the steelmaking raw material earlier rose to the highest in more than two years amid stronger steel and coal prices and a mending Chinese economy. Activity in Chi
Published 06 Nov, 2016 12:00am
Thailand offers $1.29 billion loan to jasmine rice farmers

Thailand offers $1.29 billion loan to jasmine rice farmers

Thailand's rice management committee said on Tuesday it will offer loans worth $1.29 billion to jasmine rice farmers struggling with falling prices, on the condition that they store the grain for six months to slow down market supply. The new rice harvest
Published 06 Nov, 2016 12:00am
Black Sea wheat exports to rise 12 percent in 2016-17

Black Sea wheat exports to rise 12 percent in 2016-17

Leading wheat producers in the Black Sea region - Russia, Ukraine and Kazakhstan - are likely to increase their exports by around 12 percent in 2016/17 due to a bigger harvest than last year, analyst UkrAgroConsult said on Tuesday. It forecast exports fro
Published 06 Nov, 2016 12:00am
US natural gas futures fall on mild weather

US natural gas futures fall on mild weather

US natural gas futures fell on Thursday for the fourth day in a row, down 11 percent so far this week, on forecasts for mild weather and light heating demand to continue through mid November. That should allow utilities to keep injecting gas into storage
Published 06 Nov, 2016 12:00am
Vietnamese rice prices rise on low stocks

Vietnamese rice prices rise on low stocks

Vietnamese rice prices rose on Wednesday due to low stocks while prices eased in India and Thailand on thin demand and rising supplies, traders said. Indicative prices of Vietnam's 25-percent broken rice advanced to $340 a tonne, free-on-board (FOB) basis
Published 06 Nov, 2016 12:00am
Cotton market: major buyers stay on the sidelines
Cotton

Cotton market: major buyers stay on the sidelines

Leading buyers kept on the sidelines on the cotton market on Saturday in the process of modest business activity, dealers said. The official spot rate was unchanged at Rs 5900, dealers said. In Sindh, seed cotton prices were same at Rs 2200-3050, they sai
Published 06 Nov, 2016 12:00am
EU clears 418,000 tonnes of wheat for exports

EU clears 418,000 tonnes of wheat for exports

The European Union granted export licences for 418,000 tonnes of soft wheat this week, taking the total so far in the 2016/17 season that started on July 1 to 8.15 million tonnes, official data showed on Thursday. The weekly volume marked a rebound after
Published 06 Nov, 2016 12:00am
European wheat sowings late but still on good track

European wheat sowings late but still on good track

Dry weather has delayed soft wheat sowing in Western Europe but the area is expected to be generally stable on year in the absence of major weather problem, analysts said. In top producer France, which recorded a high water deficit for the fourth month in
Published 06 Nov, 2016 12:00am
Asian gasoil margin slips from 11-month high

Asian gasoil margin slips from 11-month high

The Asian gasoil margin slipped from an 11-month high on Wednesday but remained supported due to spot demand from Vietnam and Sri Lanka, trade sources said. The gasoil margin fell to $13.01 a barrel above Dubai crude from $13.92 a barrel the previous day
Published 06 Nov, 2016 12:00am
Palm oil firmer in Europe on output worries

Palm oil firmer in Europe on output worries

Palm oil on the European market gained slightly on Thursday on concerns about lower production due to year-end monsoon rains. Palm oil was offered between flat and $5 a tonne up from Wednesday, mostly tracking Malaysian palm oil futures, which closed betw
Published 06 Nov, 2016 12:00am
US FOB Gulf soyabean offers steady on solid demand

US FOB Gulf soyabean offers steady on solid demand

Export premiums for soyabeans shipped from the US Gulf Coast held mostly steady on Thursday amid ample supplies from a likely record-large US harvest and strong demand from China, traders said. Chinese buyers have booked several cargoes of US Gulf soyabea
Published 06 Nov, 2016 12:00am
Vietnam's coffee discounts widen, Indonesian little changed

Vietnam's coffee discounts widen, Indonesian little changed

Fresh coffee supply from Vietnam's 2016/2017 harvest is yet to pick up and discounts widened slightly, while Indonesian coffee differentials were little changed against the January contract, traders said on Thursday. The weather remains cloudy in Vietnam'
Published 06 Nov, 2016 12:00am
European wheat futures ease with Chicago market
Currency

European wheat futures ease with Chicago market

European wheat futures eased on Thursday, pressured by weakness in the Chicago market, although losses were limited by rising Black Sea prices and caution over the outcome of next week's US presidential election. December milling wheat on Paris-based Euro
Published 06 Nov, 2016 12:00am
China sells first batch of sugar reserves at bumper prices

China sells first batch of sugar reserves at bumper prices

China sold its first batch of state sugar reserves in five years on Friday at a 15 percent premium to the minimum price set by the government on buoyant demand from buyers, two sources who took part in the auction said. Prices were higher than market part
Published 06 Nov, 2016 12:00am
SocGen serves up strong results surprise

SocGen serves up strong results surprise

French bank Societe Generale on Thursday served investors a pleasant surprise with third-quarter results, sending its shares soaring. Although falling by 2.4 percent to 1.1 billion euros ($1.2 billion), net profit still came in well above analysts' foreca
Published 06 Nov, 2016 12:00am
India's Tata Motors defends strategy for $1500 Nano car

India's Tata Motors defends strategy for $1500 Nano car

Tata Motors, part of India's Tata group, defended its strategy for producing the $1,500 Nano but shied away from commenting on the loss-making car's future, after the conglomerate's ousted chairman said there were emotional reasons for not shutting down p
Published 06 Nov, 2016 12:00am
Corolla, Toyota's car for the masses, turns 50

Corolla, Toyota's car for the masses, turns 50

This weekend marks the 50th anniversary of the Toyota Corolla, one of the world's best-selling cars. Since the first model went on sale in Japan on November 5, 1966, some 44.3 million Corollas have been sold globally through the end of September, includin
Published 06 Nov, 2016 12:00am
Tanzania hikes retail fuel prices to reflect higher oil cost

Tanzania hikes retail fuel prices to reflect higher oil cost

Tanzania's energy regulator raised maximum retail prices of fuel on Saturday due to higher international crude oil and refined product prices, a move likely to exert upward pressure on inflation. Fuel prices have a big effect on the east African country's
Published 06 Nov, 2016 12:00am
China to ramp up risk monitoring in agricultural futures

China to ramp up risk monitoring in agricultural futures

China will step up risk monitoring in agricultural futures to ward off excessive speculation and price manipulation, and is studying ways to deregulate the sector and open it to foreign investment, a senior market regulator said on Saturday.
Published 06 Nov, 2016 12:00am
UAE to host region's first carbon capture plant

UAE to host region's first carbon capture plant

The Middle East's first factory to suck carbon dioxide out of the air has begun operating in the United Arab Emirates, developers and a minister said Saturday. The plant - said to be the first of its kind in the Middle East and North Africa - is to captur
Published 06 Nov, 2016 12:00am
Woodfibre set to build Canada's first LNG export project

Woodfibre set to build Canada's first LNG export project

Woodfibre LNG will start building British Columbia's first liquefied natural gas processing and export terminal in 2017, it said on Friday, a project that would grant Canada a long-awaited opportunity to enter the global market. The facility near Squamish
Published 06 Nov, 2016 12:00am
Kuwait launches foreign bond sale to finance deficit

Kuwait launches foreign bond sale to finance deficit

Kuwait will issue billions of dollars worth of bonds in international markets to finance a budget deficit resulting from low oil prices, a report said Saturday. Finance Minister Anas al-Saleh said Kuwait will issue US dollar-denominated sovereign bonds of
Published 06 Nov, 2016 12:00am
Kuwait launches foreign bond sale to finance deficit

Kuwait launches foreign bond sale to finance deficit

Kuwait will issue billions of dollars worth of bonds in international markets to finance a budget deficit resulting from low oil prices, a report said Saturday. Finance Minister Anas al-Saleh said Kuwait will issue US dollar-denominated sovereign bonds of
Published 06 Nov, 2016 12:00am
Autonomous cars to drive chip sector consolidation: NXP

Autonomous cars to drive chip sector consolidation: NXP

NXP Semiconductor, the world's largest chip supplier to the automotive industry, expects efforts to make self-driving cars will lead to more consolidation in its sector, the company's automotive head told Reuters. "Automotive has been driving M&A and will
Published 06 Nov, 2016 12:00am
Bristling with hardware, China airshow targets arms exports

Bristling with hardware, China airshow targets arms exports

China's extravagant display of military might at its largest airshow this week, overlooking the disputed South China Sea, comes as Beijing seeks to leverage that clout on world markets. And the throngs of foreign delegations at Airshow China in the southe
Published 06 Nov, 2016 12:00am
Bristling with hardware, China airshow targets arms exports

Bristling with hardware, China airshow targets arms exports

China's extravagant display of military might at its largest airshow this week, overlooking the disputed South China Sea, comes as Beijing seeks to leverage that clout on world markets. And the throngs of foreign delegations at Airshow China in the southe
Published 06 Nov, 2016 12:00am
Spanish oil giant Repsol swings back to profit

Spanish oil giant Repsol swings back to profit

Spain's oil giant Repsol said Thursday it swung back to profit in the third quarter as the company reduced costs to adapt to a slump in oil prices which has hit production revenues. The company posted a net profit of 481 million euros ($$535 million) in t
Published 06 Nov, 2016 12:00am
Spanish oil giant Repsol swings back to profit

Spanish oil giant Repsol swings back to profit

Spain's oil giant Repsol said Thursday it swung back to profit in the third quarter as the company reduced costs to adapt to a slump in oil prices which has hit production revenues. The company posted a net profit of 481 million euros ($$535 million) in t
Published 06 Nov, 2016 12:00am
Spain's new government vows to stick to deficit target

Spain's new government vows to stick to deficit target

Spain's new government said Friday it was confident it will respect the public deficit targets it has agreed with the European Commission. Madrid has vowed to reduce its deficit from 5.1 percent of gross domestic product (GDP) in 2015 to 4.6 percent this
Published 06 Nov, 2016 12:00am
GM cautiously ramps up Bolt electric car production

GM cautiously ramps up Bolt electric car production

General Motors Co is ramping up production of Chevrolet Bolt electric cars at a factory north of Detroit and is on track to start delivering vehicles as promised by the end of the year, company officials said on Friday.
Published 06 Nov, 2016 12:00am
Vast Moroccan solar power plant is hard act for Africa to follow

Vast Moroccan solar power plant is hard act for Africa to follow

On the edge of the Sahara desert, Morocco is building one of the world's biggest solar power plants in a project largely funded by the European Union. It is a hard success for other African nations to match as they seek to implement a new global deal to c
Published 06 Nov, 2016 12:00am
UBS completes most of cost savings in wealth management

UBS completes most of cost savings in wealth management

UBS has completed most of the cost savings at its flagship wealth management division with around 400 positions eliminated, the unit's president, Juerg Zeltner, said in an interview published on Saturday. "Due to the decline in earnings, we had to interve
Published 06 Nov, 2016 12:00am
Four firms bid to buy South Korea's STX, French unit

Four firms bid to buy South Korea's STX, French unit

Four companies submitted bids to buy South Korea's troubled STX Offshore and Shipbuilding, a Seoul bankruptcy court said Friday, with media reports suggesting they included three European firms. A court spokesman declined to identify the bidders, or clari
Published 06 Nov, 2016 12:00am
New Dutch referendum looms targeting EU-Canada pact

New Dutch referendum looms targeting EU-Canada pact

Dutch activists said Saturday they have garnered nearly two-thirds of the signatures needed to force the government to hold a referendum on the new EU-Canada trade pact, in what may prove a fresh setback to the deal. The controversial accord, seven years
Published 06 Nov, 2016 12:00am
British Airways owner cuts long-term outlook on pound slump
Currency

British Airways owner cuts long-term outlook on pound slump

The parent group of British Airways cut its long-term profits outlook Friday, blaming the downgrade mainly on a plunging pound following the shock Brexit vote. International Airlines Group forecast in a statement that earnings before interest, tax, deprec
Published 06 Nov, 2016 12:00am
VW to use tweaked modular platform for two generations: VW brand chief

VW to use tweaked modular platform for two generations: VW brand chief

Volkswagen expects to be able to use its tweaked MQB modular platform for the next two generations of cars, creating substantial cost savings, VW brand chief Herbert Diess said. "In the past months we have worked on the cost side of MQB and made significa
Published 06 Nov, 2016 12:00am
S&P reaffirms Turkey rating, revises outlook up to stable
Currency

S&P reaffirms Turkey rating, revises outlook up to stable

Ratings agency S&P reaffirmed its foreign currency credit rating of BB for Turkey on Friday, revising its outlook to stable from negative, saying government policy was gradually refocusing on measures to reduce external vulnerabilities. The announcement c
Published 06 Nov, 2016 12:00am
S&P reaffirms Turkey rating, revises outlook up to stable
Currency

S&P reaffirms Turkey rating, revises outlook up to stable

Ratings agency S&P reaffirmed its foreign currency credit rating of BB for Turkey on Friday, revising its outlook to stable from negative, saying government policy was gradually refocusing on measures to reduce external vulnerabilities. The announcement c
Published 06 Nov, 2016 12:00am
Germany calls for free trade accord, welcomes China steel talks offer

Germany calls for free trade accord, welcomes China steel talks offer

German Economy Minister Sigmar Gabriel called for a resumption of long-stalled efforts to negotiate a global free trade accord on Saturday, warning that a proliferation of bilateral trade deals could lead to varying standards and rules. "The best thing wo
Published 06 Nov, 2016 12:00am
Austria joins ultra-long bond foray with first 70-year issue

Austria joins ultra-long bond foray with first 70-year issue

Austria's government borrowing costs pushed towards four-month highs on Tuesday as the country sold a 70-year bond, the longest debt issued publicly by a euro zone government. Vienna has gathered over 5 billion euros of investor interest in the bond, bank
Published 06 Nov, 2016 12:00am
Austria joins ultra-long bond foray with first 70-year issue

Austria joins ultra-long bond foray with first 70-year issue

Austria's government borrowing costs pushed towards four-month highs on Tuesday as the country sold a 70-year bond, the longest debt issued publicly by a euro zone government. Vienna has gathered over 5 billion euros of investor interest in the bond, bank
Published 06 Nov, 2016 12:00am
Saudi Arabia issues draft rules for second stock market

Saudi Arabia issues draft rules for second stock market

Saudi Arabia's stock market regulator on Thursday issued draft rules for a new secondary market, part of efforts to boost the role of small and medium enterprises in the economy. Only Saudi joint stock companies are eligible and must have been operating f
Published 06 Nov, 2016 12:00am
Euronext, Algomi create bond trading platform

Euronext, Algomi create bond trading platform

Euronext has formed a joint venture with Algomi in a bid to become a centralised market for pan-European corporate bond trading, the exchange said on Thursday. Euronext will form a new multilateral trading facility (MTF) utilising Algomi's trading protoco
Published 06 Nov, 2016 12:00am
Euronext, Algomi create bond trading platform

Euronext, Algomi create bond trading platform

Euronext has formed a joint venture with Algomi in a bid to become a centralised market for pan-European corporate bond trading, the exchange said on Thursday. Euronext will form a new multilateral trading facility (MTF) utilising Algomi's trading protoco
Published 06 Nov, 2016 12:00am
TSX suffers lowest close in six weeks

TSX suffers lowest close in six weeks

Canada's benchmark stock index on Friday closed at its lowest in six weeks on declines in energy and banking shares, pressured by lower oil prices and an uncertain US interest rate and political environment. The Toronto Stock Exchange's S&P/TSX composite
Published 06 Nov, 2016 12:00am
China funds raise equity, bond exposure; cut cash holdings

China funds raise equity, bond exposure; cut cash holdings

China fund managers' are allocating more funds for mainland equities over the next three months, suggesting they see a rebound from a one-year low, although some remained cautious about the short-term prospects. Eight fund managers polled by Reuters boost
Published 06 Nov, 2016 12:00am
China funds raise equity, bond exposure; cut cash holdings

China funds raise equity, bond exposure; cut cash holdings

China fund managers' are allocating more funds for mainland equities over the next three months, suggesting they see a rebound from a one-year low, although some remained cautious about the short-term prospects. Eight fund managers polled by Reuters boost
Published 06 Nov, 2016 12:00am
Australian shares seen edging up by year-end; 2017 looks stronger

Australian shares seen edging up by year-end; 2017 looks stronger

Australian shares are set to edge fractionally higher over the rest of this year and then extend gains in 2017, driven by record-low interest rates and buttressed by recovering commodity prices, a Reuters poll of analysts and strategists found. A mooted s
Published 06 Nov, 2016 12:00am
Bank of America jumps in with Green bond before vote

Bank of America jumps in with Green bond before vote

Bank of America seized its chance to announce a Green bond Friday as the US primary markets prepared for a slowdown due to the presidential election next week. Coming with a deal seemed smart given the increasing uncertainty over the outcome of the tightl
Published 06 Nov, 2016 12:00am
Bank of America jumps in with Green bond before vote

Bank of America jumps in with Green bond before vote

Bank of America seized its chance to announce a Green bond Friday as the US primary markets prepared for a slowdown due to the presidential election next week. Coming with a deal seemed smart given the increasing uncertainty over the outcome of the tightl
Published 06 Nov, 2016 12:00am
Russia aims to swap Eurobonds to delay debt repayment

Russia aims to swap Eurobonds to delay debt repayment

Russia will try to swap its outstanding Eurobonds for new debt in 2017 to postpone paying back foreign debt and will increase its domestic borrowing to fill any budget holes, a senior Finance Ministry official said. The ministry is scrambling to raise ext
Published 06 Nov, 2016 12:00am
Russia aims to swap Eurobonds to delay debt repayment

Russia aims to swap Eurobonds to delay debt repayment

Russia will try to swap its outstanding Eurobonds for new debt in 2017 to postpone paying back foreign debt and will increase its domestic borrowing to fill any budget holes, a senior Finance Ministry official said. The ministry is scrambling to raise ext
Published 06 Nov, 2016 12:00am
Alibaba label fails to stick on courier IPO debut

Alibaba label fails to stick on courier IPO debut

Couriers deliver parcels for e-commerce players but that is where the connection ends. Shares of ZTO Express fell 15 percent on their first trading day in New York. Aggressive pricing was mostly to blame. The Chinese logistics firm was labelled as somethi
Published 06 Nov, 2016 12:00am
Alibaba label fails to stick on courier IPO debut

Alibaba label fails to stick on courier IPO debut

Couriers deliver parcels for e-commerce players but that is where the connection ends. Shares of ZTO Express fell 15 percent on their first trading day in New York. Aggressive pricing was mostly to blame. The Chinese logistics firm was labelled as somethi
Published 06 Nov, 2016 12:00am
Treasuries outlook: prices gain as oil price drop risks lower inflation

Treasuries outlook: prices gain as oil price drop risks lower inflation

US Treasury prices gained on Friday as oil prices dropped, raising concerns about low inflation, and as uncertainty about next week's US presidential election enhanced the appeal of lower risk assets. Oil futures on Friday were on course for their biggest
Published 06 Nov, 2016 12:00am
Treasuries outlook: prices gain as oil price drop risks lower inflation

Treasuries outlook: prices gain as oil price drop risks lower inflation

US Treasury prices gained on Friday as oil prices dropped, raising concerns about low inflation, and as uncertainty about next week's US presidential election enhanced the appeal of lower risk assets. Oil futures on Friday were on course for their biggest
Published 06 Nov, 2016 12:00am
S&P 500 losing streak extends to ninth straight day

S&P 500 losing streak extends to ninth straight day

The 500 ended lower on Friday for a ninth straight day, the longest losing streak for the benchmark index in more than 35 years, as investors stayed on edge ahead of an uncertain US election. The tech-heavy Nasdaq also ended lower for a ninth-consecutive
Published 06 Nov, 2016 12:00am
US dollar net longs hit more than nine-month high

US dollar net longs hit more than nine-month high

Speculators increased positive bets on the US dollar for a sixth straight week, with net longs touching their highest in more than nine months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. Th
Published 06 Nov, 2016 12:00am
Czech crown seen gaining past central bank cap over 12 months
Currency

Czech crown seen gaining past central bank cap over 12 months

A small majority of analysts in a monthly Reuters poll predicted the Czech central bank would drop its limit on the value of the Czech crown in the next 12 months, allowing the currency to gain almost one percent against the euro. However, the analysts po
Published 06 Nov, 2016 12:00am
Brexit may undermine sterling's place in world FX reserves
Currency

Brexit may undermine sterling's place in world FX reserves

While changes in hard cash reserves at global central banks tend to be glacial, the hit to sterling from a potential 'hard' UK exit from Europe's single market after more than 40 years could eventually undermine the pound's position in their coffers. With
Published 06 Nov, 2016 12:00am
Dollar falls against Swiss franc little changed against yen
Currency

Dollar falls against Swiss franc little changed against yen

The US dollar hit a more than one-month low against the safe-haven Swiss franc on Friday in the New York trade on nervousness ahead of next week's US presidential election, despite a solid US jobs report that supported expectations for a Federal Reserve r
Published 06 Nov, 2016 12:00am
Canadian dollar down in volatile trade as oil, election weigh
Currency

Canadian dollar down in volatile trade as oil, election weigh

The Canadian dollar slipped against its US counterpart on Friday, after hitting an eight-month low in volatile trade as investors worried about next week's US election, lower oil prices and potential interest rate divergence. Strong US hiring in October c
Published 06 Nov, 2016 12:00am
Indonesia beefs up requirements for large outgoing forex transfers

Indonesia beefs up requirements for large outgoing forex transfers

Indonesia's central bank told banks on Monday to attach an underlying document for any large outgoing transfer of foreign currencies starting in November. Indonesian banks routinely report their foreign exchange traffic to Bank Indonesia (BI). The new reg
Published 06 Nov, 2016 12:00am
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