KARACHI: The rupee recovered slightly against the dollar on Saturday in the process of trading, dealers said. The rupee managed to gain 10 paisas versus the dollar for buying and selling at Rs 108.20 and Rs 108.40, they said. The rupee also picked 25 pais
KARACHI: The rupee recovered slightly against the dollar on Saturday in the process of trading, dealers said. The rupee managed to gain 10 paisas versus the dollar for buying and selling at Rs 108.20 and Rs 108.40, they said. The rupee also picked 25 pais
Rice prices in India fell due to ample supply and recent slide in the rupee, while the Thai and Vietnamese markets remained subdued in the first week of the new year, traders said on Wednesday. In India, the world's biggest rice exporter, 5-percent broken
India's sugar production in 2016/17 is likely to fall to 22 million tonnes, down 4.3 percent from an earlier estimate, as mills in its key producing state are closing early due to a cane shortage, industry officials told Reuters. A drop in production belo
Export premiums for corn shipped from the US Gulf Coast were steady to firm on Thursday, underpinned by strong demand from routine buyers, traders said. Basis offers for vessels loaded in February and March were up 2 to 3 cents per bushel. Premiums for ve
The Ethiopian government's purchasing agency has issued an international tender to buy 720,000 tonnes of milling wheat, European traders said on Wednesday. The tender deadline is February 3, they said. The wheat can be sourced from optional origins. Shipm
Asia's naphtha inter-month spread was at a slight backwardation on Thursday for the first time since December 16, supported by strong demand and traders' expectations of fewer Western cargoes coming to Asia in February. The spread between second-half Febr
Euronext wheat futures edged higher on Thursday to set a six-week high in the wake of a weather-fuelled rally in US wheat but the European market was again capped by a sharp rebound in the euro and strong chart resistance. March milling wheat on Paris-bas
An upward trend persisted on the cotton market on Saturday in the process of slow business activity, dealers said. The official spot rate picked up Rs 50 to Rs 6350, dealers said. In Sindh, seed cotton prices were unmoved at Rs 2800-3350, they said. In Pu
Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain firm for at least two more weeks as bad weather conditions in China and Australia help tighten the supply of ships available for charter, ship brokers said. That cam
Taiwan's maize industry procurement association MFIG purchased around 65,000 tonnes of corn thought likely to be sourced from the United States in an international tender which closed on Thursday, European traders said. The corn was all purchased at a pre
Turkmenistan has limited natural gas supplies to Iran since January 1 over unpaid past deliveries, the Turkmen Foreign Ministry said on Tuesday, a day after Iran said supplies through a cross-border pipeline had been cut off. The ministry said Ashgabat, w
ICE Canadian canola futures settled mostly unchanged on Thursday pressured by a stronger Canadian dollar but underpinned by limited farmer sales. March canola ended unchanged at $503.60 per tonne. Funds liquidated the last of their long position in the Ma
Asking prices for palm oil on the European vegetable oils market were mixed on Thursday with some concerns over production and supplies easing the pressure from weaker Malaysian palm oil futures. Palm oil was mostly offered between $5 a tonne up and $5 do
Soyabean spot basis bids were widely mixed at US Midwest processing plants and river terminals on Thursday as slow farmer sales supported bids in some areas while reduced demand for soyabean exports and for soyameal weighed elsewhere, dealers said. The so
Farmers in Vietnam, the world's top robusta producer, released beans to cash in on rising prices ahead of the country's biggest holiday, traders said on Thursday. Traders quoted robusta grade 2, 5-pct black and broken at discounts of $65-$70 a tonne to th
US natural gas futures edged higher on Thursday ahead of the weekly storage report expected to show a small draw during the warmer-than-normal Christmas and New Year's holiday week. Traders noted the small price increase came amid steady forecasts for the
Brazilian soyabean export premiums have nearly doubled from a year ago as a stronger currency encouraged local producers to delay sales of an expected record crop, Thomson Reuters data showed on Thursday. Export premiums rose to 57 cents a bushel over Feb
Legendary London nightclub Fabric, which closed in September following the drugs death of two teenagers, reopened on Friday with new, tougher security measures. Globally renowned for its drum and bass, techno and house nights and a pillar of London's danc
Volkswagen is close to a deal to pay $2 billion to settle a US criminal investigation into the emissions-cheating scandal involving its diesel cars, the New York Times reported Friday. A settlement between the US Department of Justice and the German auto
Professor Einstein rolls his eyes, sticks out his tongue, and can give a simple explanation of the theory of relativity. With his lifelike rubbery "skin" and bushy mustache, he can almost make you forget he's a robot. The Einstein robot is among dozens ro
US startup Hyperloop One on Friday disclosed a list of locations around the world vying to put near-supersonic rail transit system to the test. The startup company keen to revolutionize the way people and cargo travel said that 35 contenders remained from
Britain's health service is engulfed in a "humanitarian crisis" that requires the support of the Red Cross to use Land Rovers to transport patients, the charity said on Saturday. Founded in 1948, the National Health Service (NHS) is a source of huge pride
A leading donor to Theresa May's Conservative Party warned on Saturday he would cut his financial support if the government pulled Britain out of the European single market as part of Brexit negotiations. Andrew Cook, chairman of engineering firm William
Sri Lanka police fired teargas to disperse hundreds of people protesting the launch Saturday of a special industrial zone in the island's south that hopes to attract billions of dollars in Chinese investment. Protesters pelted government supporters with s
The Kuwait Stock Exchange has selected a new chairman for its board of directors, following the appointment of its previous chairman as oil minister in December, it said in a statement on Saturday. The bourse named as chairman Mohammed Ahmed Alsaqqaf, a m
Low interest rates have helped the Federal Reserve get close to meeting its goals for employment and inflation and have yet to create financial instability, Federal Reserve Governor Jerome Powell said on Saturday. "Low rates can lead to excessive leverage
China's foreign exchange reserves fell to near six-year lows in December, but held just above the critical $3 trillion level, as authorities stepped in to support the weakening yuan ahead of US President-elect Donald Trump's inauguration.
South Korea's finance ministry said on Thursday it plans to sell about $1 billion of foreign exchange stabilization bonds this year to strengthen its reserves against currency market volatility and the risks of capital outflows in 2017.
South Korea's finance ministry said on Thursday it plans to sell about $1 billion of foreign exchange stabilization bonds this year to strengthen its reserves against currency market volatility and the risks of capital outflows in 2017.
The worst start to a trading year for Next PLC shares since 1991 underscores the plight of mid-tier UK retailers hit by a combination of fierce online competition and higher costs driven by a weaker pound. Traditional British stores, particularly those re
A cross-border platform linking China's onshore and offshore debt markets could boost offshore yuan liquidity, Hong Kong's stock exchange said in a report posted on its website on Friday. Such a "Bond Connect" would expand an existing scheme by allowing f
A cross-border platform linking China's onshore and offshore debt markets could boost offshore yuan liquidity, Hong Kong's stock exchange said in a report posted on its website on Friday. Such a "Bond Connect" would expand an existing scheme by allowing f
Brazilian shares will probably extend their rise to approach all-time highs in 2017, outperforming Mexican stocks, as inflation and interest rates fall, a Reuters poll showed. The median forecast of 13 strategists in the poll taken between November 28 and
Britain's shock vote to leave the European Union has yet to scare off overseas investors, who are snapping up British government bonds at the fastest pace on record, figures on Wednesday showed. This suggests that foreigners have doubled down on gilts and
Britain's shock vote to leave the European Union has yet to scare off overseas investors, who are snapping up British government bonds at the fastest pace on record, figures on Wednesday showed. This suggests that foreigners have doubled down on gilts and
Ireland raised 4 billion euros ($4.17 billion) at its first-ever 20-year bond sale on Wednesday, drawing more than twice as much demand in a syndicated deal that covered over a third of its minimum funding needs for the year. It sold the benchmark bond at
Ireland raised 4 billion euros ($4.17 billion) at its first-ever 20-year bond sale on Wednesday, drawing more than twice as much demand in a syndicated deal that covered over a third of its minimum funding needs for the year. It sold the benchmark bond at
France aims to launch its first "green" bond by the end of the month, Finance Minister Michel Sapin said on Tuesday, as the government seeks to make Paris a centre for financing environmentally friendly projects. As host of the 2015 Paris Agreement to com
France aims to launch its first "green" bond by the end of the month, Finance Minister Michel Sapin said on Tuesday, as the government seeks to make Paris a centre for financing environmentally friendly projects. As host of the 2015 Paris Agreement to com
Stock markets in the energy-rich Gulf saw a sharp drop in the number of initial public offerings in 2016, as well as the value of listings, a report said Wednesday. Only three IPOs were made in the region last year, half the number recorded in 2015 and th
The European Central Bank bought far fewer Portuguese government bonds last month than its rules dictate, reducing its support for a country where government borrowing costs are rising and the economic outlook is uncertain. The ECB has bought 1.53 trillio
The European Central Bank bought far fewer Portuguese government bonds last month than its rules dictate, reducing its support for a country where government borrowing costs are rising and the economic outlook is uncertain. The ECB has bought 1.53 trillio
Canada's main stock index fell on Friday, with gold miners and other materials stocks leading a broad retreat from a three-day rally that saw the index approach an all-time high to start the year. The Toronto Stock Exchange's S&P/TSX composite index ended
US Treasury debt yields rallied from multiweek lows on Friday after data showed a rebound in US wages last month despite a smaller-than-expected jobs gain, which could drive the Federal Reserve to consider raising interest rates as early as the first quar
US Treasury debt yields rallied from multiweek lows on Friday after data showed a rebound in US wages last month despite a smaller-than-expected jobs gain, which could drive the Federal Reserve to consider raising interest rates as early as the first quar
The Dow came within one point of 20,000 for the first time on Friday and the Nasdaq and S&P 500 reached record highs, boosted by Apple, extending a two-month rally fuelled by optimism about US President-elect Donald Trump. Apple climbed 1.1 percent after
Kenya's shilling is expected to weaken further next week on dollar demand from oil importers, while the Nigerian naira is likely to gain on increased forex supply.
The Indian rupee is expected to fall further against the US dollar this year to a record low, hit by rising global bond yields and an economic blow from New Delhi's dramatic currency crackdown launched two months ago, a Reuters poll found. The rupee perfo
The Canadian dollar pulled back to end barely stronger against its US counterpart on Friday after touching its strongest in more than three weeks following surprisingly strong employment and trade data. The Canadian dollar settled at C$1.3232 to the green
The US dollar will keep strengthening against the euro with even chances of reaching parity this year, a Reuters poll showed on Friday, on expectations that President-elect Donald Trump's planned tax cuts will force interest rates higher. It was also expe
The dollar rose on Friday, boosted by a solid US jobs report, after tumbling the day before on mixed US economic data and apparent action by Chinese authorities to shore up the yuan. The dollar gained broadly against major currencies after the US non-farm
Azerbaijan plans to fully float its currency, the manat, starting next year, the head of the country's central bank told reporters on Monday. Azerbaijan adopted a managed float earlier this year as the price of oil slumped, to ease pressure on its foreign
Speculators boosted net long bets on the dollar for a third straight week on expectations of multiple US rate hikes by the Federal Reserve this year, according to data from the Commodity Futures Trading Commission and calculations by Reuters. The value of
Bitcoin plunged another 12 percent on Friday after China's central bank urged investors to take a rational approach to the digital currency, which has is on track for its heaviest two-day falls in two years. Bitcoin neared its all-time high Thursday, with
Emerging Asian currencies this year are set to extend their fall from 2016, as expectations of faster rate hikes from the Federal Reserve and US President-elect Donald Trump's promise of fiscal stimulus push the dollar higher, a Reuters poll showed. Leadi
The big-spending Chinese Super League is on track to become the world's dominant football championship, the head of a leading sports marketing firm predicted in an AFP interview. China has made global headlines in recent weeks thanks to jaw-dropping megab
Karolina Pliskova stamped herself as a major contender for the Australian Open with a 6-0, 6-3 demolition of France's Alize Cornet in the final of the Brisbane International on Saturday. The third-seeded Czech played almost perfect tennis in the first set
A gallant Richard Gasquet led France to its second title at the mixed teams Hopman Cup in Perth on Saturday. The 30-year-old gave the French the lead in the tie with a brave win in the singles, before dominating the deciding mixed doubles as he and Kristi
Skipper Steve Smith is switching his focus to the difficult challenges confronting his new revamped team in India after polishing off a Test series clean sweep over Pakistan on Saturday. Australia crushed the tourists by 220 runs by tea on the final day i
Cristiano Ronaldo paraded his fourth Ballon d'Or and powered home his first goal of 2017 as Real Madrid equalled Barcelona's Spanish record 39-game unbeaten run with a 5-0 demolition of lowly Granada on Saturday. The Portuguese was honoured by previous Ba
Manchester United captain Wayne Rooney spoke of his pride after equalling the great Bobby Charlton's club scoring record on Saturday with his 249th United goal. Rooney, 31, set United on the way to a 4-0 FA Cup win over Reading in the seventh minute at Ol
Australia clinched a series clean sweep with an emphatic 220-run win over Pakistan in the third Test in Sydney on Saturday. The tourists were all out shortly before tea on the final day for 244 chasing 465 runs with paceman Josh Hazlewood and spinner Stev
Chad's former president Hissene Habre will on Monday begin an appeal against his life sentence for war crimes and crimes against humanity - a verdict hailed as a landmark for Africa. The Extraordinary African Chambers, a body created by Senegal and the Af
Hundreds of thousands of protestors returned to the streets of Seoul Saturday, demanding impeached President Park Geun-Hye's immediate removal and the salvaging of a sunken ferry which left more than 300 dead. Park was impeached by parliament last month o
Burundi authorities have arrested six people in connection with the murder of the country's environment minister, the prosecutor general said Saturday. Emmanuel Niyonkuru, 54, the country's water, environment and planning minister, was shot dead shortly a
Turkey on Saturday ordered the dismissal of almost 8,400 civil servants and the closure of over 80 associations, including sports clubs, in the latest round of purges after the July failed coup. More than 100,000 people have already been suspended or sack
Two major bus crashes in Morocco and Algeria killed a total of 19 people early Saturday and injured almost three dozen more, media reported. The worst accident took place in southern Morocco when a truck collided with a passenger bus on a highway near the
A French court on Friday acquitted a man for helping migrants who had sneaked into the country from Italy as immigration issues play a major role ahead of this year's elections. "In France today we have the right to save people in distress," said research
Iraq and Turkey's prime ministers held talks Saturday in Baghdad which both said reflected progress in resolving a bitter row over the presence of Turkish troops in northern Iraq. Iraqi Prime Minister Haider al-Abadi said at a joint press conference after
Pro-China protesters waving placards reading "Independence will get you nowhere" greeted Hong Kong pro-democracy activist Joshua Wong and three rebel lawmakers as they arrived in Taipei Saturday. Wong, along with Hong Kong legislators Nathan Law, Eddie Ch
Turkey's parliament will next week start a fortnight of debates on a controversial new constitution aimed at expanding the powers of the presidency under Recep Tayyip Erdogan, state media said on Saturday. The new constitution, which will replace the basi
Florida's Fort Lauderdale International Airport was open again Saturday after a shooting rampage by an Iraq war veteran that killed five people, wounded eight, and sent thousands scrambling for safety. Police identified the suspect as 26-year-old Esteban
Taiwan's President Tsai Ing-wen left for the United States Saturday on her way to Central America, a trip that will be scrutinised by China, incensed by her congratulatory call to Donald Trump. While the focus of the nine-day trip is to bolster relations
SpaceX plans to resume flights of its Falcon 9 rocket on Monday, after pinning down the cause of a launchpad explosion that destroyed a satellite in September, a spokesman said. The California-based private space firm is expected to launch 10 Iridium NEXT
Indian police have arrested a lawmaker from northeastern Meghalaya state on charges of raping a 14-year-old trafficked girl, an officer said on Saturday. Julius Dorphang, a militant commander turned legislator, was arrested in neighbouring Guwahati city l
Nana Akufo-Addo was sworn in as Ghana's new president on Saturday, promising to stamp out government corruption and kickstart the private sector. The 72-year-old former human rights lawyer took the oath of office at a ceremony in Independence Square in th
Portugal's former president Mario Soares, widely seen as the father of the country's modern-day democracy, died Saturday aged 92 in Lisbon, a fortnight after being admitted to hospital. The founder of Portugal's Socialist party, Soares spent decades in po
Around 1,500 mourners attended the funerals Saturday in the West Bank city of Hebron of two alleged Palestinian assailants killed by Israeli troops last year. Hatem Shaludi, 25, and 16-year-old Mohammed Rajabi were both shot dead in September during separ
Several thousand people demonstrated in Paris on Saturday to demand justice and a speedier investigation into the 2013 murder of three Kurdish activists. Sakine Cansiz, a founder of the Kurdistan Workers Party (PKK) in the early 1980s, and two other Kurdi
Gunshots rang out inside a military base in an upscale neighbourhood of Abidjan on Saturday in the latest bout of unrest following a mutiny by troops in the north over wages. "Shots were heard here in Abidjan at the Akouedo military base," a newsflash on
