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
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
Soyameal on the European meals and feeds market was mixed on Friday in thin trade on the last trading day before the Christmas break. "Prices mostly followed Chicago but were mostly nominal with few serious sellers and buyers around. It is doubtful whethe
ICE Canadian canola futures dipped on Friday in light trading ahead of the Christmas holiday, losing nearly 3 percent for the week. Canola was weakened by lower soyabean and soyaoil prices, due to better crop weather in Argentina. January canola dropped 4
India is likely to produce 316,700 tonnes of coffee in 2016/17, down 1 percent from an earlier estimate, as production of arabica has been revised downward due to poor monsoon rains, the state-run Coffee Board said in a statement on Thursday. The country
Palm oil on the European vegetable oils market was mostly firmer on Friday in thin trade on the last trading day ahead of the Christmas break. Palm oil was mostly offered between $10 a tonne up for front positions and $2.50 for contracts for the second ha
US wheat futures fell for a fifth straight session on Friday and hit contract lows in most traded months as ample global supplies and tepid demand weighed on prices, traders said. Trading was light in the abbreviated session ahead of the long Christmas ho
Cash basis bids for hard red winter (HRW) wheat in the southern US Plains were unchanged on Friday in quiet trade ahead of the long Christmas holiday weekend, grain merchants said. Chicago Board of Trade futures markets will close early at noon CST (1800
Asia's naphtha crack slipped from a three-week high to end the week at a two-session low of $72.75 a tonne as deals fell into a slumber following a period of demand ahead of the festive season. Traders' concerns that naphtha oversupply would extend throug
US natural gas futures jumped over three percent and hit a two-week high on Friday ahead of the Christmas and New Year's holiday week amid colder forecasts for January. That move came despite warmer-than-normal forecasts through the end of the year. Front
European wheat prices edged lower in tandem with US wheat futures in light trade on Friday after Argentina raised its crop estimates, reinforcing expectations of hefty global supplies. March milling wheat on Paris-based Euronext was down 0.45 percent by 1
Cotton prices held present levels on the local market on Monday as leading buyers were conspicuous by their absence in the process of trading, dealers said. The official spot rate was unchanged at Rs 6250, dealers said. In Sindh, seed cotton prices were a
Export premiums for corn shipped from the US Gulf Coast held mostly steady on Friday, underpinned by moderate demand and firm CIF barge basis values, traders said. FOB Gulf soyabean and wheat basis offers were flat in quiet dealings ahead of the Christmas
Indian rapeseed futures fell on Thursday, as traders sold contracts in a bid to invest money elsewhere. "The possibility of a better rapeseed output in the near-term has led to traders trying to take profits," a trader from Indore, in the central Indian s
Freight rates for very large crude carriers (VLCCs), which hit a new nine-month high this week, are on course to soften amid a weaker cargo market as owners wait for more charters to be released from the Middle East and labour unrest affects loading progr
Argentine farmers are expected to plant 20.3 million hectares with soya in the 2016/17 season, the agriculture ministry said in its monthly crop report on Thursday, up from a previous forecast of 20.2 million hectares. The 2016/17 wheat crop of the South
China's November crude oil imports from Saudi Arabia jumped nearly 30 percent from the year before, customs data showed on Thursday, with the kingdom overtaking Russia to become the largest crude supplier to the world's No 2 economy. Imports from Saudi Ar
The Karachi Port handled 76,024 tonnes of cargo comprising 65,856 tonnes of import cargo and 10,168 tonnes of export cargo including 3,900 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 65,85
Tokyo Electric Power Company Holdings (Tepco) will enter the city's metropolitan gas retail market next July, it said on Monday, opening a new stage of competition with Japan's biggest city gas operator Tokyo Gas. TEPCO Energy Partner Inc, Tepco's retail
Chinese imports of coal from Indonesia surged 160 percent in November from a year earlier, in line with rising shipments to meet a domestic shortfall, but imports from Australia dipped 10 percent. Imports from Indonesia jumped to 5.15 million tonnes, stil
Opec's first supply cut deal in eight years came as good news for a Swiss family business founded by an economics analyst who once helped the then Rhodesian government procure oil supplies in the face of sanctions. Geneva-based Petro-Logistics earns money
Kansas wheat farmer Michael Jordan is breaking with a century-old tradition grain producers have trusted to protect their businesses: He has stopped using futures to hedge risks to his crops. The CME Group's Kansas City wheat contract sets grain prices fo
Russia's largest oil producer Rosneft has agreed to buy oil services firm Targin from Sistema conglomerate for up to 4.1 billion roubles ($67.4 million), Rosneft said on Monday, as it seeks to expand its own oil servicing business. Rosneft said the number
Russian wheat prices were broadly stable for a second consecutive week thanks to a strengthening of the rouble against the dollar, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for January supply were $182 p
Industrial and Commercial Bank of China (ICBC) has signed three debt-for-equity swaps with Shanxi province's highly indebted state-owned coal and steel firms, the bank said late on Monday. China's biggest lender ICBC has agreed to invest in Taiyuan Iron &
Libya's oil production stood at 622,000 barrels a day (bpd) on Monday, up slightly from levels recorded before an armed faction agreed to lift a two-year blockade on major western pipelines on December 14, the National Oil Corporation (NOC) said. Before t
Benchmark Tokyo rubber futures tumbled more than four percent on Monday to a two-week low, as a plunge in Shanghai futures prompted a flurry of selling. The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery finished 10.7 yen, or 4.0 perce
Shanghai metals fell across the board on Monday on concerns about demand growth in China as the government continues a crackdown on soaring house prices and pollution. The most-traded copper contract on the Shanghai Futures Exchange closed down 1.63 perce
China's end-November crude oil stocks fell 1.55 percent from the previous month to 29.89 million tonnes as domestic output shrank and winter demand grew, data from the official Xinhua news agency showed, while diesel inventories slid to a record low. That
Russian metals and mining company Mechel says: Signed agreement with VTB extending the maturity of credit lines worth 70.2 billion roubles ($1.15 billion) until the first quarter of 2022. VTB has also agreed to extend the maturity of Mechel's trade financ
Chinese steel futures fell sharply on Monday to the lowest level in over a month, as traders took cues from market talk that Beijing may tolerate slower economic growth amid rising debt and an uncertain global environment. Citing a source, Bloomberg on Fr
Speculators are more optimistic about the Chicago soy complex for this time of year than they have been since the commodity rally of 2007, but the soybean-driven position does not completely jibe with supply and demand fundamentals. In the week ending Dec
Abubacarr Jah is an unlikely militant. A well-spoken Gambian surgeon with no history of political activism, he nonetheless refused to stay silent when his long-time president rejected election defeat. "It had become something necessary for us to say," Jah
Peru's economy will grow by 5 percent next year, not the 4.8 percent previously forecast by the government, President Pedro Pablo Kuczynski said in an interview with a local newspaper published on Monday. "I don't believe in those forecasts that say we're
German luxury carmaker BMW will recall nearly 200,000 vehicles in China because of flawed airbags, according to the country's quality regulator and the company. Some 168,861 imported cars produced between December 2005 and December 2011, and 24,750 vehicl
China has passed a law that levies taxes on pollution, but ignores carbon dioxide, one of the major contributors to global warming, according to the web site of the country's highest legislative body. The National People's Congress (NPC) standing committe
The Brazilian government has invited an academic to join the finance ministry and lead a microeconomic reform agenda that aims to bolster the country's productivity, two government officials said on Monday. Finance Minister Henrique Meirelles has asked Jo
China promised strong support on Monday for its newest friend in Africa, the former Taiwan ally Sao Tome and Principe, whose foreign minister made a pitch for Chinese firms to invest in his "tranquil" country as the two re-established ties. Taiwan, claime
Britain should decide its own immigration policy and stop pretending Brexit is compatible with staying in the European Union's single market, a former governor of the Bank of England said on Monday. Mervyn King, who steered UK monetary policy for 10 years
The number of Britons who hit the shops on Boxing Day morning, a traditional shopping day, fell 6 percent versus the same period last year, while online transactions rose 11.5 percent year-on-year, retail data company Springboard said. British retail sale
An Indian diamond trader has thrown a mass wedding for more than 200 fatherless brides and given each of them gifts worth thousands of dollars, to help poor women start a new life. Mahesh Savani performed the Hindu wedding ritual of 'Kanyadaan' - the prac
Argentine President Mauricio Macri sacked his finance minister Alfonso Prat-Gay on Monday, shaking up his economic team amid a stubborn recession that has made his center-right reforms deeply unpopular. Prat-Gay's ministry will be split in two, said chief
The Saudi Arabian stock market's post-budget rally ran out of steam on Monday as the index neared technical resistance, while United Arab Emirates bourses outperformed the region. The Saudi index added 1.5 percent on Sunday in reaction to Riyadh's modestl
Investors risk being caught unprepared again by an anti-establishment vote when the Netherlands, the euro zone's fifth largest economy, goes to the polls in March. Surveys point to strong gains for the anti-Islam, eurosceptic Freedom Party led by Geert Wi
Investors risk being caught unprepared again by an anti-establishment vote when the Netherlands, the euro zone's fifth largest economy, goes to the polls in March. Surveys point to strong gains for the anti-Islam, eurosceptic Freedom Party led by Geert Wi
The US IPO market is expected to bounce back next year after a forgettable 2016, fuelled by a sunnier economic outlook and a bit more certainty following the presidential election - factors that encouraged the Federal Reserve to hike interest rates. The F
Thai shares closed higher for a second straight session on Monday in thin trading as strong November trade data briefly invigorated the market in an otherwise quiet day. The benchmark stock index, which ended up 0.35 percent, or 5.25 points, rose as much
The year-end stocks rally on the heels of the election of Donald Trump as US president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus. Now signs are emerging from the Trump camp that harsher trade policies that
Chinese stocks closed higher on Monday as the market rebounded following losses earlier this month, dealers said. The benchmark Shanghai Composite Index gained 0.40 percent, or 12.42 points, to 3,122.57 on turnover of 170.6 billion yuan ($24.6 billion). A
Tokyo stocks closed lower on Monday, though Shanghai gained and Seoul rose marginally in quiet trading with most of the region's other key markets closed for public holidays. Incentives were few and the Dow Jones Industrial Average, which on Friday again
After the debacle that preceded the initial public offering of Facebook Inc in 2012, when the company's stock changed hands at wildly varying prices and with little oversight, the market in secondary trading in shares of hot start-ups has made a strong co
India's NSE index fell about 1 percent on Monday to a seven-month low, erasing its gain for the year, as investors fretted that the government may impose long-term capital gains tax. Prime Minister Narendra Modi said on Saturday that people in financial m
Total E&P do Brasil, the local unit of France's Total SA, plans annual investments of $1 billion in Latin America's largest economy, Maxime Rabilloud, who heads the Brazilian operation, told the Monday edition of Valor Economic. The decision to expand ope
The fate of a defaulted $45 million Chinese corporate bond sold through an Alibaba-backed online wealth management platform was thrown into doubt on Monday, after a bank said letters of guarantee for the bonds were counterfeit. China Guangfa Bank Co Ltd (
The fate of a defaulted $45 million Chinese corporate bond sold through an Alibaba-backed online wealth management platform was thrown into doubt on Monday, after a bank said letters of guarantee for the bonds were counterfeit. China Guangfa Bank Co Ltd (
Iran's rial hit a record low against the US dollar on Monday in a sign of concern about the country's ability to attract foreign money after US president-elect Donald Trump takes office. The rial was quoted in the free market at 41,500 to the dollar, weak
The dollar dipped against the yen on Monday, edging lower down after US Treasury yields dipped on mixed economic data. Trading was subdued with many key markets shut on Monday for the Christmas holidays. The greenback was down 0.2 percent at 117.300 yen J
China's non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan ($161.19 billion) in 2016 and foreign direct investment into China will total 785 billion yuan, Commerce Minister Gao Hucheng said on Monday. The government will "p
European Central Bank policymaker Jens Weidmann said plans for a state bailout of Italian bank Monte dei Paschi di Siena should be weighed carefully as many questions remain to be answered, according to German newspaper Bild. "For the measures planned by
China will meet its growth target of 6.5 percent to 7 percent growth this year, a reassuring sign for a "weak and vulnerable" global economy, state news agency Xinhua said in a commentary on Monday. Xinhua noted a "troublesome start" to 2016, probably ref
On the morning of July 29, former Italian Industry Minister Corrado Passera was travelling in a high-speed train towards the medieval city of Siena, racing to meet the directors of the world's oldest bank to present them with a rescue plan. Monte dei Pasc
Russia's largest oil company Rosneft said on Monday it planned to issue an unspecified amount of rouble-denominated bonds on December 29. The state-controlled company said in a statement it would be accepting bids for the bonds on Monday afternoon.
Russia's largest oil company Rosneft said on Monday it planned to issue an unspecified amount of rouble-denominated bonds on December 29. The state-controlled company said in a statement it would be accepting bids for the bonds on Monday afternoon.
A South Korea government official in charge of foreign exchange markets cautioned traders about pushing the won currency too low, highlighting the 1,200 level per dollar level as a key area to watch. "Market (investors) would be cautious near the 1,200 wo
Spanish forward Pedro Rodriguez scored twice as red-hot leaders Chelsea crushed Bournemouth 3-0 on Monday to register a club-record 12th consecutive Premier League victory. Pedro struck either side of Eden Hazard's 50th English league goal at Stamford Bri