Canada's main stock index fell on Monday as railroad, energy and financial names lost ground, offsetting gains for the materials group as base and precious metals prices rose. At 10:53 am EST (1553 GMT), the Toronto Stock Exchange's S&P/TSX composite inde
European shares fell on Monday, weighed down by a drop in banks which were led lower by Italian lenders which hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi. The pan-European STOXX Euro
China's blue-chip CIS300 Index rose for the sixth straight session, with upbeat industrial profit data strengthening belief that the Chinese economy has bottomed out, making risk assets such as equities more attractive than bonds. The bluechip CSI300 inde
Indian shares edged up on Monday with lenders being the biggest drag after the central bank unexpectedly ordered banks to deposit their extra cash with it, although overall sentiment was upbeat as Asian shares advanced. The Reserve Bank of India on Saturd
Vietnam stocks ended 1.6 percent lower on Monday, hurt by consumer staples and financials on foreign selling while other Southeast Asian markets were largely subdued as weaker oil prices weighed. "We have seen persistent foreign selling in index (stocks)
Hong Kong's stock market climbed to the highest closing level in nearly three weeks on Monday, with small-caps rising sharply in response to regulators announcing that a trading link between Hong Kong and Shenzhen will launch on December 5. Sentiment was
US stocks were lower in late morning trading on Monday, weighed down by financial and consumer discretionary stocks, as some investors cashed in following a record-setting week. The three major US indexes closed higher for the third week in a row on Frida
Tokyo's benchmark stock index closed lower on Monday, snapping a seven-day winning streak with exporters hit by a stronger yen and energy firms tumbling on lower oil prices. The Organization of the Petroleum Exporting Countries (Opec) will meet in Vienna
Sri Lankan shares fell on Monday to a near eight-month low, ahead of central bank policy rate announcement as investors kept to the sidelines amid concerns over budget tax proposals including revisions in corporate and withholding taxes. Analysts said inv
Strength in second-tier stocks favoured by local retail investors boosted Saudi Arabia's stock market on Monday, while foreign buying helped Egypt partially rebound from a drop on Sunday and most other Middle East bourses fell. Saudi Arabia's index climbe
Subsidies given by the US state of Washington to Boeing are illegal, the World Trade Organization said Monday, in a victory for rival aircraft maker Airbus and the European Union. The ruling from a WTO panel is the latest blow in a drawn out trans-Atlanti
Global growth will pick up faster than previously expected in the coming months as the Trump administration's planned tax cuts and public spending fire up the US economy, the OECD said on Monday, revising up its forecasts. In its twice-yearly Economic Out
Hundreds of Iraqi contractors gathered outside the finance ministry in Baghdad on Monday to protest over unpaid deals with the government. "We came from all over the country. We did our job but we never got paid and now we owe our own suppliers," Thaer Al
Early holiday promotions and a belief that deals will always be available took a toll on consumer spending over the Thanksgiving weekend as shoppers spent an average of 3.5 percent less than a year ago, the National Retail Federation said on Sunday. The N
China said on Monday it will stick to its opening up policy and "going out" strategy on investment even while a slide in the yuan to 8-1/2-year lows revives worries about capital fleeing the country. Officials from the National Development and Reform Comm
India's Tata Steel said on Monday that it has agreed to start exclusive talks for the sale of its speciality steel assets to metal processing firm Liberty House. The unit, which has activities mostly in Britain but also in China, employs 1,700 people and
Regulators should complete work on their new bank capital rules without diluting them, otherwise it would be harder to draw a line under the financial crisis, a global central banking official said on Monday. Claudio Borio, head of the monetary and econom
Growth in borrowing by businesses and households in the eurozone picked up only slightly in October, the European Central Bank said Monday, firming up analysts' expectations it will extend monetary easing next week. ECB policies are aimed at boosting grow
Soyameal offers on the European meals and feeds market were in a tight range on Friday in the absence of direction from Chicago markets after the Thanksgiving holiday on Thursday. "The market overall was quiet as buyers still believe Chicago is overbought
The Karachi Port handled 149,340 tonnes of cargo comprising 83,575 tonnes of import cargo and 65,765 tonnes of export cargo including 3,884 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 83,5
Top consumer China's net gold imports via main conduit Hong Kong rose 15.8 percent in October to the highest in three months, data showed on Thursday, as the price of the metal touched a four-month low during that month. Spot gold extended losses in Octob
Palm oil offers on the European vegetable oils market were slightly firmer on Friday on the back of stronger Malaysian palm oil futures due to a weaker ringgit and expectations of lower production. Palm oil was offered between $2.50 a tonne down and $5 up
Spot basis bids for soyabeans were mostly unchanged in the US Midwest on Friday afternoon, despite active farmer sales, grain merchants said. Soya basis bids declined by 2 cents per bushel at an Iowa processor. Strong export and easing dollar pushed soyab
ICE Canadian canola futures rose on Friday, touching a 6-1/2 month high on spillover support from strong soyabean prices, and notched a weekly gain. Attractive crush margins stoked commercial interest, but farmer selling to the cash pipeline limited gains
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,001. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 7.66 billion and the number of lots traded was 21,270. Major business was contributed by curr
Prices soared on the cotton market on Monday in the process of trading, dealer said. The official spot rate was higher by Rs 150 to Rs 6300, they said. In Sindh, seed cotton prices were at Rs 2400-3200, they said. In Punjab, phutti rates were at Rs 2800 a
Western European wheat prices were mostly little changed on Friday as traders made technical adjustments during a holiday lull on US grain markets. Rapeseed futures in Europe again showed sharper movements as a slide in crude oil encouraged rapeseed to pu
US natural gas futures climbed about two percent amid December options expiry on Friday to touch a near four-week high, following through from their gains on Wednesday despite forecasts for above-normal temperatures the next couple of weeks. Front-month g
China's coal imports from North Korea rose in October after falling more than a quarter in September from the previous month amid a push from the United States to punish North Korea for its recent nuclear test. Coal imports from North Korea climbed 1.22 p
Export premiums for soyabeans and corn shipped from the US Gulf Coast were flat on Friday, stabilising after declining earlier this week in light trading following Thursday's US Thanksgiving Day holiday, traders said. Many market participants still were a
Wheat futures on the Chicago Board of Trade fell on Friday, led by the spot December contract in a shortened session following the US Thanksgiving holiday. CBOT December wheat settled down 5-3/4 cents at $3.95-3/4 per bushel, losing to back months on spre
China's October sugar imports dropped around 70 percent from the year before to their lowest level since February at 110,000 tonnes, as high global prices curbed purchases. That was also down sharply on arrivals of 500,000 tonnes in the previous month, cu
Spot cash basis bids for hard red winter (HRW) wheat were flat in the southern US Plains on Friday and farmer selling was quiet following the Thanksgiving holiday, dealers said. Premiums for wheat shipped to and through Kansas City were unchanged. The US
The European Union exported 481,000 tonnes of soft wheat in the week to November 22, taking the total so far in the 2016/17 season that started on July 1 to 9.4 million tonnes, official data showed on Thursday. The cumulative volume so far in 2016/17 was
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
The Election Commission of Pakistan (ECP) Monday decided to scrutinise parliamentarians' annual asset statements from Thursday (December 1). The ECP reactivated its Political Finance Wing, which was initially set up before the general elections 2013 for t
General Raheel Sharif, the CoAS, chaired a farewell Corps Commanders Conference at GHQ yesterday. The Conference was attended by General Qamar Javed Bajwa, the CoAS-designate, Corps Commanders and Principal Staff Officers. During the meeting, the corps co
The federal government has announced the procedure for providing drawback of local taxes and levies, under the textile package announced in the budget FY17, to exporters that have enhanced exports by 10 percent in FY15 compared to FY14.
The federal government has announced the procedure for providing drawback of local taxes and levies, under the textile package announced in the budget FY17, to exporters that have enhanced exports by 10 percent in FY15 compared to FY14.
The federal government has announced the procedure for providing drawback of local taxes and levies, under the textile package announced in the budget FY17, to exporters that have enhanced exports by 10 percent in FY15 compared to FY14.
An easier trend persisted on the local currency market on Monday, dealers said. The rupee moved in a narrow range in relation to the greenback for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
Asian neighbours Turkmenistan and Afghanistan on Monday opened the first section of a $2 billion link connecting their two countries by rail for the first time and set to extend to Tajikistan. Turkmenistan's President Gurbanguly Berdymukhamedov and his Af
An easier trend persisted on the local currency market on Monday, dealers said. The rupee moved in a narrow range in relation to the greenback for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
Asian neighbours Turkmenistan and Afghanistan on Monday opened the first section of a $2 billion link connecting their two countries by rail for the first time and set to extend to Tajikistan. Turkmenistan's President Gurbanguly Berdymukhamedov and his Af
Asian neighbours Turkmenistan and Afghanistan on Monday opened the first section of a $2 billion link connecting their two countries by rail for the first time and set to extend to Tajikistan. Turkmenistan''s President Gurbanguly Berdymukhamedov and his A
Profit growth in China's industrial sector picked up in October, aided by stronger sales and higher prices, suggesting further strengthening of the world's second-largest economy, though growth was skewed towards high-polluting heavy industry. There has b
The government paid Rs 29.765 million from the national exchequer in July 2016 to bring Prime Minister Nawaz Sharif back from London through a special chartered plane after his medical treatment. Minister for Parliamentary Affairs Sheikh Aftab informed th
President-elect Donald Trump made unsubstantiated claims Sunday of serious US voter fraud and said "millions of people" had cast their ballots illegally, offering no evidence for the assertions he put forth on Twitter. Trump's shock path to the White Hous
Tens of thousands of people turned out Monday for nation-wide protests against India''''s controversial ban on high-value banknotes, which opposition party organisers say has caused a "financial emergency". India is still reeling from Prime Minister Naren
President-elect Donald Trump made unsubstantiated claims Sunday of serious US voter fraud and said "millions of people" had cast their ballots illegally, offering no evidence for the assertions he put forth on Twitter. Trump's shock path to the White Hous
As a regulator, Pemra's responsibility is to promote media and to regulate it. This requires a balancing act, where regulator must carefully calibrate the penalties that the law has provided. Pemra has taken the drastic step of shutting down two member ch