KARACHI: A kind of firmness prevailed on the money market on Saturday as the rupee managed to hold present levels versus the dollar in the process of trading, dealers said.
KARACHI: A kind of firmness prevailed on the money market on Saturday as the rupee managed to hold present levels versus the dollar in the process of trading, dealers said.
Pakistan Industrial and Traders Association (PIAF) has said the decline in electricity consumption in industrial estates from 45MW to 20MW indicates that industrial units are being closed mainly due to higher power tariff.
Prices of the essential kitchen items witnessed a decline during this past week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday.
US Vice President Joe Biden has singled out Pakistan along with Russia, North Korea and others for making "counterproductive" moves that only heightened the risk that nuclear weapons could be used in a regional conflict.
Netherlands Ambassador to Pakistan Jeannette Seppen on Saturday expressed concern over the missing Pakistani bloggers and social media activists, and urged the government of Pakistan to take measures for their safe return to their homes.
District Administration has arranged a programme at Nusrat Fateh Ali Khan Auditorium to pay rich tribute to the youngest World Microsoft Professional Arfa Kareem on her fifth death anniversary. Deputy Commissioner Salman Ghani was the chief guest on the o
An active western disturbance is affecting Balochistan & adjoining areas and likely to persist over central and upper parts till Wednesday, Met officials say.
Chief Minister Khyber Pakhtunkhwa Pervez Khattak has welcomed the transfer of technology for the promotion of agriculture, renewable energy, and investment in KP by the Danish investment and said that province of KP offered tremendous potential in natural
Pakistan's Ambassador to the United States, Jalil Abbas Jilani, has said that his country is ready to work closely with the Donald Trump administration.
Interior Minister Chaudhry Nisar Ali Khan on Saturday rejected the summary of transfer of Deputy Inspector General (DIG) Kashif Alam, who is heading the committee probing Tayyaba torture case.
The Supreme Court has constituted four benches, including a five-member larger bench to hear Panamagate case, for the week commencing from January 16 (tomorrow).
Sardar Ayaz Sadiq, Speaker National Assembly has stressed that the international parliamentary community (IPC) to actively engage with and strengthen the parliamentary institutions of Pakistan (PIP).
US discount footwear retailer Payless Inc is working with debt-restructuring attorneys to deal with its approximately $665 million in debt as foot traffic at its stores declines, according to people familiar with the matter.
Libya's oil production has dropped to 655,000 barrels a day due to difficulties including a lack of storage capacity and poor weather, the head of the National Oil Corporation said on Saturday.
The head of Sony's entertainment business announced Friday that he is stepping down to devote energy to Snapchat as the startup behind the smartphone messaging app prepares to go public.
Moody's Corp has agreed to pay nearly $864 million to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the US Department of Justice said on Friday.
Moody's Corp has agreed to pay nearly $864 million to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the US Department of Justice said on Friday.
Japanese Prime Minister Shinzo Abe met his Australian counterpart Malcolm Turnbull in Sydney on Saturday where the pair agreed to deepen defence ties through joint military training and exercises.
The International Monetary Fund said on Friday its executive board approved a new two-year flexible credit line arrangement for Poland worth about 8.24 billion euros, about half the size of the country's previous credit line.
Indonesia's abrupt easing of a three-year ban on nickel ore exports will not flood the global market but instead is aimed at balancing the country's smelters and creating job opportunities at mines, top mining officials said on Saturday.
The European Union's chief Brexit negotiator warned Saturday the bloc must be aware of the risk to financial stability during what are expected to be very tough talks with Britain.
The US government on Thursday said that ethanol is better for the environment than previously expected in a report boosting the country's biggest biofuel a week ahead of a new administration that has some in the industry concerned.
In 2016 soyabean prices had their best year since 2012. But a repeat performance for the oilseed in 2017 may prove difficult thanks to challenges on both the supply and demand fronts.
US farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29-year high, the US Agriculture Department said on Thursday.
Global arabica production could reach a record in 2016/17 but total coffee consumption is on track to exceed output for the third straight year, the International Coffee Organization (ICO) said on Wednesday.
ICE cotton futures slipped marginally on Friday to hit a more than one-week low in thin volume trading as the natural fibre market registered it biggest weekly decline in two months.
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.
OPEC's Secretary-General has confidence in the commitment of oil producers who agreed to an output cut deal last month to ease a global glut that has depressed crude prices and hurt exporting countries' revenues.
Thailand's rubber prices are expected to rise this year due to scant supply, hit by unseasonal flooding in the country's main growing region, industry players said.
Hedge funds and money managers raised their net long position in COMEX gold contracts for the first time in nine weeks, in the week to Jan. 10, US Commodity Futures Trading Commission (CFTC) data showed on Friday.
Hedge funds and money managers trimmed their bullish wagers on US crude oil for the second week in a row, data showed on Friday, as skepticism over OPEC delivering on its promised cuts grew and inventories in the US began to swell once again.
Asia's naphtha crack surged 15.7 percent to hit a one-year high of $111.30 a tonne on Thursday as supplies tightened on persistent demand and reduced volumes arriving from the West. A fire at Abu Dhabi's state-owned national oil company ADNOC's refinery a
Chinese rebar steel futures rose for a fourth straight day on Thursday amid Beijing's campaign to shave excess steel production capacity, helping stretch gains in raw material iron ore. The rally in both commodities extended last year's surge that came af
Soyabean spot basis bids were steady to sharply lower at US Midwest processors and elevators on Thursday after a rally in Chicago Board of Trade soya futures triggered relatively heavy farmer sales of the oilseed, dealers said. Bids tumbled by 15 cents pe
Wheat futures on the Chicago Board of Trade closed higher on Thursday after the US Department of Agriculture said US farmers planted the fewest acres to winter wheat since 1909. CBOT March wheat settled up 7-1/2 cents at $4.26-1/4 per bushel after reachin
A substantial snow layer has protected Ukrainian and Russian winter crops from severe frosts which came this weekend, analyst and weather forecasters said on Tuesday. Temperatures in most Ukrainian regions fell substantially to 13-20 degrees Celsius (55.4
Rice prices in India rose on a revival in demand from African and Asian buyers while markets in Thailand and Vietnam remained quiet, traders said on Wednesday. India, the world's biggest rice exporter, saw its 5-percent broken parboiled rice quoted at $34
Export premiums for corn shipped from the US Gulf Coast were steady to higher on Thursday on moderate export demand from traditional buyers and rising CIF barge basis values, traders said. Recent slowdowns in rail shipments from the Corn Belt to Pacific N
Prices held the present levels on the cotton market on Saturday in the process of modest trading activity, dealers said. The official spot rate was unchanged at Rs 6375, dealers said. In Sindh, seed cotton prices were at Rs 3000-3300, they said. In Punjab
Soyameal on the European meals and feeds market eased on Thursday ahead of fresh USDA supply/demand and quarterly stocks reports, which were issued too late in the European afternoon on Thursday for players to react to. "Asking prices for soyameal were mo
Freight rates for large capesize dry cargo ships on key Asian routes are likely to drift lower as tonnage volumes outpace cargo demand even as owners resist charterers' attempts to push rates lower, ship brokers said. Despite the subdued market, capesize
ICE Canadian canola futures rose on Thursday, boosted by the US Department of Agriculture's cut to estimated US soybean production, but their gains lagged those of the oilseed rival. US soybean production was pegged at 4.307 billion bushels, down from the
Argentina's northern and central farm belts have been pounded by storms in recent days, slowing corn planting with almost 91 percent of the 2016/17 crop already sown, the Buenos Aires Grains Exchange said in its weekly report on Thursday. Rain has softene
US natural gas futures on Thursday jumped 5 percent to its highest level since early January on a bigger-than-expected weekly storage draw and cold forecasts. That continues this week's roller-coaster ride for the front-month. The contract fell over 5 per
European wheat futures closed slightly higher on Thursday after the US government gave a lower-than-expected estimate of winter wheat sowings in the United States. March milling wheat on the Paris-based Euronext exchange settled 0.75 euro or 0.4 percent h
Saudi Arabia has cut oil output to its lowest in almost two years, its energy minister said on Thursday, as the world's largest oil exporter leads OPEC's drive to eradicate a global glut and prop up prices. Energy Minister Khalid al-Falih said output had
US farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29-year high, the US Agriculture Department said on Thursday. USDA also dialed back its harvest estimates for the US soybean and c
The European Central Bank's bond-buying programme was intended to rescue the euro zone's economy by flooding it with cash, but it is also siphoning off one of its most valuable assets: high-quality government debt.
The European Central Bank's bond-buying programme was intended to rescue the euro zone's economy by flooding it with cash, but it is also siphoning off one of its most valuable assets: high-quality government debt.
Budget airline VietJet is set to raise about $170 million in an initial public offering (IPO) that will value Vietnam's only private airline at $1.2 billion, people close to the deal said on Wednesday, in the latest in a string of Vietnamese share sales.
Trading volumes of electricity, gas and carbon forwards on European energy bourse EEX surged in 2016 and the exchange said it will keep up the momentum this year.
US Treasury yields rose Friday as data supporting the notion of a steady US economic expansion and rising Wall Street stock prices stoked selling in low-risk government bonds.
US Treasury yields rose Friday as data supporting the notion of a steady US economic expansion and rising Wall Street stock prices stoked selling in low-risk government bonds.
Japan is set to sell 141.2 trillion yen ($1.2 trillion) of debt to the market in the fiscal year starting April 2017, officials involved in the plan told Reuters on Monday, meaning the volume of government issuance will decline for a fourth straight year.
Japan is set to sell 141.2 trillion yen ($1.2 trillion) of debt to the market in the fiscal year starting April 2017, officials involved in the plan told Reuters on Monday, meaning the volume of government issuance will decline for a fourth straight year.
The chief executive of Italy's biggest bank UniCredit pledged on Thursday to complete a 13 billion euro ($14 billion) share issue by March 10, in time to make payouts due on high-risk bonds that came under pressure on the market.
The chief executive of Italy's biggest bank UniCredit pledged on Thursday to complete a 13 billion euro ($14 billion) share issue by March 10, in time to make payouts due on high-risk bonds that came under pressure on the market.
Rising prices of commodities from vanilla to oil are stoking inflation expectations and turning investor attention to profit margins at companies, especially in consumption-related industries, that may struggle to pass on rising costs to consumers.
Rising prices of commodities from vanilla to oil are stoking inflation expectations and turning investor attention to profit margins at companies, especially in consumption-related industries, that may struggle to pass on rising costs to consumers.
The US high-yield primary market is off to one of its slowest starts in years and is likely to stay low and slow at least in the medium term, said bankers and analysts.
The US high-yield primary market is off to one of its slowest starts in years and is likely to stay low and slow at least in the medium term, said bankers and analysts.
An increase in Facebook pushed the Nasdaq to a record high on Friday and the S&P 500 also rose after major US banks kicked off the fourth-quarter earnings season with strong results.
The Canadian dollar edged higher against its US counterpart on Friday even as oil prices fell, with recent upbeat domestic data helping to underpin the currency ahead of a Bank of Canada interest rate decision next week.
Azerbaijan has dropped an exchange rate corridor and let the country's manat currency float freely, the central bank said on Thursday, in a move to save state reserves from depleting.
Sterling will slip a touch more against the euro and dollar after Britain begins its official divorce process from the European Union, a Reuters poll found, while identifying risks that the falls could be steeper.
The US dollar edged lower on Friday, putting in on track for its worst week since early November against a basket of currencies as traders grew uneasy about the scarcity of new information regarding US President-elect Donald Trump's economic policies.
Indonesia's foreign exchange reserves rose to $116.36 billion at the end of December from $111.47 billion one month earlier, Bank Indonesia (BI) said on Monday.
Speculators pared back net long bets on the US dollar in the latest week, as investors reduced positions that have become overextended due to a rally inspired by Donald Trump's victory in the US presidential election two months ago.
Bitcoin prices plummeted after China's central bank announced it was investigating exchange platforms trading in the virtual currency. The People's Bank of China (PBoC) said it had dispatched inspection teams to several of the country's major bitcoin trad
The Norwegian and Swedish currencies will make modest gains against the euro and dollar in 2017, recovering a small part of the ground lost in recent years, a Reuters poll predicted on Friday.
China may have put a few short-term currency speculators to the sword last week, but long-term investors betting against the yuan are still standing, and they carry much more firepower.
Sentiment towards most emerging Asian currencies improved in recent weeks, a Reuters poll showed on Thursday, with bearish bets against China's yuan falling to the smallest level in three months after Beijing clamped down on capital outflows and speculato